VIETNAMESE AMERICAN INITIATIVE FOR DEVELOPMENT INC

DORCHESTER, MA, 02122-1441 (617) 822-3717 Est. 1994 EIN 04-3289039
L21— Housing & Shelter Form 990 501(c)(3)
WWW.VIETAID.ORG

Mission

VIETAID'S MISSION IS TO BUILD A STRONG VIETNAMESE COMMUNITY AND A VIBRANT FIELDS CORNER THROUGH THE FOLLOWING MEASURES: PROMOTING CIVIC ENGAGEMENT AND COMMUNITY BUILDING; DEVELOPING AFFORDABLE HOUSING AND COMMERCIAL SPACE; ENRICHING YOUTH LEADERSHIP; OFFERING HIGH-QUALITY CHILD AND SENIOR CARE; AND PROVIDING DIVERSE DIRECT AND SOCIAL SERVICES.

Giving Portfolio

Total Grants
1
Total Giving
$450K
Recipients
1
Years Active
2020
Avg grant: $449,900 Median: $449,900

Sectors Funded

Housing & Shelter
1

Top States

Massachusetts
1

Grantee Size Profile

$100K - $500K
1

Top Grantees

Grants Awarded · 1 grants

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Financials

Total Revenue
$2,041,022
Total Expenses
$1,861,004
Net Assets
$3,439,770
25 employees 54 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
22.2 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 14.9%
Expenses ↓ 29.5%
Revenue Sources
Contributions 77.5% Earned revenue 19.0% Investment 1.5% Other 2.0%
Expense Breakdown
Program 76.1% Management 23.9%

Officers & Trustees (9)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 Form 990$2,041,022 $1,861,004$3,439,770
2023 Form 990$2,398,830 $2,641,398$3,259,752
2022 Form 990$1,939,615 $2,104,763$3,502,320
2021 Form 990$2,891,262 $2,480,925$3,667,468
2020 Form 990$2,901,778 $2,203,203$3,257,131
2019 Form 990$1,143,845 $1,649,424$2,558,556
2018 Form 990$1,216,568 $1,807,143$3,064,135

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EIN: 04-3289039 · Source: IRS Form 990 e-file data