V N Housing Corp

Analysis

V N Housing Corp is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, V N Housing Corp reported income of $274k and spending of $277k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $271k to $274k (+0.9%), an average of +0.2% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, V N Housing Corp sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 56th percentile within RI. Charities of a similar size with the same main cause include Affordable Housing Association of Pittsburg ($274k), Community Home Builders Associates ($274k) and Waterloo Housing Trust Fund ($273k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $864k against liabilities of $87k, net assets of $777k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.