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← VERA FRENCH HOUSING CORPORATION

Form 990 for tax year 2022

Filed by VERA FRENCH HOUSING CORPORATION.

Totals

Total revenue
$1,053,123
Total expenses
$839,625
Contributions and grants received
$481,421
Grants paid
$0
Program service revenue
$570,742
Investment income
$83
Other revenue
$877
Total assets, end of year
$2,034,190
Total liabilities, end of year
$700,839
Net assets or fund balances, end of year
$1,333,351
Program services expenses (Part IX)
$660,526
Management and general expenses
$179,099
Fundraising expenses
$0
Program service expenses (Part III)
$660,526

Program services were 78.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $244,027

  • 1f · All other contributions, gifts and grants

    $237,394

  • 2a · Program service revenue: PROPERTY MGT REVENUE

    total $63,968 · related or exempt $63,968

  • 2b · Program service revenue: RENTAL REVENUE

    total $506,774 · related or exempt $506,774

  • 3 · Investment income

    total $83 · excluded $83

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $877 · related or exempt $877

  • 11e · Other revenue, total

    $877

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $105,204 · program services $94,175 · management and general $11,029

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $189,912 · program services $161,425 · management and general $28,487

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $46,338 · management and general $46,338

  • 11b · Fees: legal

    total $2,747 · management and general $2,747

  • 11c · Fees: accounting

    total $26,671 · management and general $26,671

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $20,282 · management and general $20,282

  • 13 · Office expenses

    total $18,458 · management and general $18,458

  • 14 · Information technology

    total $22,687 · management and general $22,687

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $152,489 · program services $150,089 · management and general $2,400

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $2,213 · program services $2,213

  • 20 · Interest

    total $15,569 · program services $15,569

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $97,863 · program services $97,863

  • 23 · Insurance

    total $28,848 · program services $28,848

  • 24a · Other expenses: MAINTENANCE

    total $110,344 · program services $110,344

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $137,520 · end of year $84,997

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $81,110 · end of year $146,488

  • 4 · Accounts receivable

    beginning of year $28,469 · end of year $10,235

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $33,878 · end of year $101,677

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $2,590

  • 10a · Land, buildings and equipment: cost or other basis

    $3,267,883

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,794,109

  • 10c · Land, buildings and equipment, net

    beginning of year $1,319,877 · end of year $1,473,774

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $323,647 · end of year $214,429

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,449 · end of year $70,082

  • 19 · Deferred revenue

    beginning of year $513 · end of year $35

  • 23 · Secured mortgages and notes payable

    beginning of year $566,598 · end of year $541,957

  • 25 · Other liabilities

    beginning of year $128,802 · end of year $88,765

  • 27 · Net assets without donor restrictions

    beginning of year $1,201,139 · end of year $1,333,351

Mission and programs · 2022

Mission

To provide affordable housing options linked with appropriate supportive services for persons with severe and persistent mental illness.

  • 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.

    Expenses $660,526 · Grants $481,421 · Revenue $571,619

As filed on the 2022 return.

Listed in Part VII

  • Stacy Kiser-Willey

    Executive Dir.

    Total calculated
    $105,204
    From this org
    $94,175
    From related orgs
    $0
    Other
    $11,029
    Hours/week
    40

  • Bill Bruce

    Director

    Total calculated
    $0
    Hours/week
    1

  • Connie Williams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Abbey Furlong

    Director

    Total calculated
    $0
    Hours/week
    1

  • Natasha Jones

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mary Kellenberger

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Patrick McElyea

    President

    Total calculated
    $0
    Hours/week
    2

  • Rick Schloemer

    Vice President

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • DLB LLLP

    HOUSING FOR LOW INCOME TENANTS · IA

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • VERA FRENCH COURT INC

    C CORP · LOW INCOME HOUSING · IA · 100% owned · share of income -$5 · share of assets -$100 · controlled entity

    Directly controlled by VERA FRENCH HOUSING

  • VERA FRENCH MANOR INC

    C CORP · LOW INCOME HOUSING · IA · 100% owned · share of income -$59,251 · share of assets $573,285 · controlled entity

    Directly controlled by VERA FRENCH HOUSING

  • VERA FRENCH TERRACE INC

    C CORP · LOW INCOME HOUSING · IA · 100% owned · share of income -$41,084 · share of assets $710,397 · controlled entity

    Directly controlled by VERA FRENCH HOUSING

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401359349303810

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