Vance Housing Inc is located in Beckley, WV. The organization was established in 1999. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vance Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Vance Housing Inc generated $114.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $170.2k during the year ending 06/2022. While expenses have increased by 7.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING FOR INDIVIDUALS WHO ARE CHRONICALLY MENTALLY ILL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATIONS LEASES SIXTEEN UNITS WHICH HOUSE MENTALLY ILL INDIVIDUALS WHO ARE DE-INSTITUTIONALIZED, LOW-INCOME AND DISABLED, OR IN DANGER OF BECOMING HOMELESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brian Buchanan President | OfficerTrustee | $0 | |
Eddiena Schoolfield Secretary-Tr | OfficerTrustee | $0 | |
Kenneth Chittum Director | Trustee | $0 | |
Denita Walker Director | Trustee | $0 | |
Robert Hayes Director | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $93,371 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $93,371 |
Total Program Service Revenue | $45,544 |
Investment income | $40 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$24,862 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $114,093 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $32,618 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $11,633 |
Payroll taxes | $3,577 |
Fees for services: Management | $10,184 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $11,750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $4,039 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $67,087 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $29,266 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $170,154 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $8,139 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $593,398 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $28,347 |
Total assets | $629,884 |
Accounts payable and accrued expenses | $37,742 |
Grants payable | $0 |
Deferred revenue | $88 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $5,168 |
Total liabilities | $42,998 |
Net assets without donor restrictions | -$467,014 |
Net assets with donor restrictions | $1,053,900 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $629,884 |
Organization Name | Assets | Revenue |
---|---|---|
Federation Of Applachian Housing Inc Berea, KY | $96,510,437 | $12,528,691 |
Virginia Mennonite Retirement Community Harrisonburg, VA | $42,827,951 | $8,073,755 |
Skills Group State College, PA | $1,119,024 | $4,201,862 |
Virginia Apartment Management Association Richmond, VA | $2,254,574 | $1,543,902 |
Catholic Charities Housing Corporation Cleveland, OH | $7,360,885 | -$1,393,228 |
Engineer Center Inc Upper Marlboro, MD | $3,730,343 | $468,403 |
Consortium For Housing And Asset Management Inc Baltimore, MD | $291,820 | $332,451 |
Vance Housing Inc Beckley, WV | $629,884 | $114,093 |
Mobility Works Inc Baltimore, MD | $265,879 | $366,320 |
St George Management Corp Philadelphia, PA | $144,741 | $81,586 |
The Pennsylvania Building Officials Conference Bethlehem, PA | $156,451 | $0 |
Hocking Housing Management Inc Logan, OH | $158,629 | $11 |