Vera French Housing Corporation

Analysis

Vera French Housing Corporation is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vera French Housing Corporation reported income of $1.1m and spending of $840k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $654k to $1.1m (+61%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 63%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vera French Housing Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within IA. Charities of a similar size with the same main cause include Haven Plaza Housing Development Fund Company Inc ($1.1m), LA Gardens Community Association ($1.1m) and Southwestern Montana Family YMCA Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $105k (13% of expenses). Other salaries and wages came to $190k. At year end it held assets of $2.0m against liabilities of $701k, net assets of $1.3m. It reported 10 employees.