Vera French Housing Corporation
- Assets
- $1.9m
- Revenue
- $645.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Davenport, IA
- Founding
- 12/1994
- Data as of
- 06/2022
- EIN
- 42-1427313
Organization Overview
Vera French Housing Corporation is located in Davenport, IA. The organization was established in 1994. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Vera French Housing Corporation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vera French Housing Corporation 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, Vera French Housing Corporation generated $645.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $720.9k during the year ending 06/2022. 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
TO PROVIDE AFFORDABLE HOUSING OPTIONS LINKED WITH APPROPRIATE SUPPORTIVE SERVICES FOR PERSONS WITH SEVERE AND PERSISTENT MENTAL ILLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VERA FRENCH HOUSING CORPORATION HOUSING CORPORATION WAS FORMED TO ASSIST INDIVIDUALS WITH PERSISTENT MENTAL ILLNESS TO OBTAIN PERMANENT, AFFORDABLE HOUSING THAT IS LINKED TO THE VERA FRENCH COMMUNITY MENTAL HEALTH CENTER THE CENTER, A RELATED ORGANIZATION, SUPPORT SERVICES AND ADDITIONAL SERVICES WITHIN THE COMMUNITY. HOUSING CORPORATION OFFERS 130 UNITS OF SCATTERED SITE APARTMENT BUILDINGS, DUPLEXES AND SHARED LIVING THROUGHOUT DAVENPORT AND BETTENDORF. IN 2013, HOUSING CORPORATION OPENED THE FIRST STAFFED HOME FOR PERSONS THAT NEED ADDITIONAL ASSISTANCE AND OVERSIGHT THROUGH STAFFING FROM THE CENTER. THERE ARE NOW SEVEN STAFFED HOMES THROUGHOUT THE COMMUNITY. HOUSING CORPORATION ALSO WORKS WITH INDIVIDUALS COMING FROM SHELTERS AND HOMELESS LIVING SITUATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Kiser-Willey Executive Dir. | Officer | 40 | $82,219 |
Bill Bruce Director | Trustee | 1 | $0 |
Connie Williams Director | Trustee | 1 | $0 |
Abbey Furlong Director | Trustee | 1 | $0 |
Natasha Jones Director | Trustee | 1 | $0 |
Mary Kellenberger Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $143,378 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,173 |
| Total Program Service Revenue | $457,078 |
| Investment income | $95 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $645,221 |
| 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. | $96,953 |
| Compensation of current officers, directors, key employees. | $14,735 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,317 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $46,904 |
| Fees for services: Legal | $190 |
| Fees for services: Accounting | $0 |
| 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 | $14,022 |
| Information technology | $3,012 |
| Royalties | $0 |
| Occupancy | $136,164 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,532 |
| Interest | $15,611 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,477 |
| Insurance | $30,228 |
| All other expenses | $0 |
| Total functional expenses | $720,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,520 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $81,110 |
| Accounts receivable, net | $28,469 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,878 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,319,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $323,647 |
| Total assets | $1,924,501 |
| Accounts payable and accrued expenses | $27,449 |
| Grants payable | $0 |
| Deferred revenue | $513 |
| 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 | $566,598 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $128,802 |
| Total liabilities | $723,362 |
| Net assets without donor restrictions | $1,201,139 |
| Net assets with donor restrictions | $0 |
| 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 | $1,924,501 |
Grants Awarded
Over the last fiscal year, Vera French Housing Corporation has awarded $40,115 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VERA FRENCH COMMONS PURPOSE: MENTAL HEALTH SERVICESMENTAL HEALTH SERVICES | $7,336 |
VERA FRENCH MANOR PURPOSE: MENTAL HEALTH SERVICES | $20,386 |
VERA FRENCH HOLIDAY COURT PURPOSE: MENTAL HEALTH SERVICES | $7,148 |
HUMILITY OF MARY LLC PURPOSE: MENTAL HEALTH SERVICES | $5,245 |