Skip to content
Nonprofiteer
← USVETS HOUSING CORPORATION

Form 990 for tax year 2024

Filed by USVETS HOUSING CORPORATION.

Totals

Total revenue
$10,277,971
Total expenses
$10,462,968
Contributions and grants received
$9,741,185
Grants paid
$10,096,800
Program service revenue
$534,877
Investment income
$0
Other revenue
$1,909
Total assets, end of year
$86,083,329
Total liabilities, end of year
$5,766,044
Net assets or fund balances, end of year
$80,317,285
Program services expenses (Part IX)
$10,097,030
Management and general expenses
$250,194
Fundraising expenses
$115,744
Program service expenses (Part III)
$10,097,030

Program services were 96.5% 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.

  • 1d · Related organizations

    $6,728,586

  • 1e · Government grants (contributions)

    $1,650,914

  • 1f · All other contributions, gifts and grants

    $1,361,685

  • 2a · Program service revenue: PROPERTY DEVELOP. FEE

    total $534,877 · related or exempt $534,877

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,909 · excluded $1,909

  • 11e · Other revenue, total

    $1,909

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,096,800 · program services $10,096,800

  • 11b · Fees: legal

    total $2,660 · fundraising $2,660

  • 11g · Fees: other

    total $97,874 · fundraising $97,874

  • 13 · Office expenses

    total $15,210 · fundraising $15,210

  • 14 · Information technology

    total $230 · program services $230

  • 22 · Depreciation, depletion and amortization

    total $250,194 · management and general $250,194

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $456,097

  • 2 · Savings and temporary cash investments

    beginning of year $1 · end of year $12,138,550

  • 3 · Pledges and grants receivable

    beginning of year $42,887,181 · end of year $37,849,116

  • 4 · Accounts receivable

    beginning of year $734,529 · end of year $60,839

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $688,912

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

    $34,578,009

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

    $1,037,571

  • 10c · Land, buildings and equipment, net

    beginning of year $33,101,363 · end of year $33,540,438

  • 15 · Other assets

    beginning of year $11,665,869 · end of year $1,349,377

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,191,104 · end of year $1,484,543

  • 19 · Deferred revenue

    beginning of year $3,230,931 · end of year $3,107,712

  • 25 · Other liabilities

    beginning of year $1,078,010 · end of year $1,173,789

  • 27 · Net assets without donor restrictions

    beginning of year $5,354,798 · end of year $14,505,823

  • 28 · Net assets with donor restrictions

    beginning of year $77,534,100 · end of year $65,811,462

Mission and programs · 2024

Mission

THE SUCCESSFUL TRANSITION OF MILITARY VETERANS AND THEIR FAMILIES THROUGH THE PROVISION OF HOUSING, COUNSELING, CAREER DEVELOPMENT AND COMPREHENSIVE SUPPORT.

  • U.S. VETS HOUSING CORPORATION WAS CREATED IN JUNE 2019 TO SUPPORT THE UNITED STATES VETERANS INITIATIVE AND ITS AFFORDABLE HOUSING DEVELOPMENT PROJECTS. MARCH VETERANS VILLAGE BUILDING 1 WAS COMPLETED IN APRIL 2022. THIS BUILDING IS SIXTEEN UNITS OF PERMANENT AND TRANSITIONAL HOUSING. THE OTHER HOUSING PROJECTS ARE STILL UNDER DEVELOPMENT AND ARE AS FOLLOWS: THE E STREET IN SAN BERNARDINO IS APPLYING FOR LIHTC FUNDING IN ORDER TO BEGIN CONSTRUCTION AND THE 17TH STREET IN SAN BERNARDINO WILL START PRE-DEVELOPMENT ACTIVITIES ONCE E STREET HAS COMMENCED CONSTRUCTION. THE VENTURA VETERAN'S HOME CONSTRUCTION STARTED IN THE SUMMER OF 2022 AND TO BE COMPLETED IN DECEMBER 2024. THE CITY OF PHOENIX PURCHASED THE NEW PHOENIX CAMPUS, (CONTINUED ON SCHEDULE O)REPLACING THE VERY OLD GRAND VETERANS VILLAGE, THERE ARE PLANS TO MOVE TO THIS LOCATION WHEN REQUIRED CONSTRUCTION WORK AND INSPECTIONS ARE COMPLETED. THE VA CAMPUS IN BRENTWOOD WILL PROVIDE 900 UNITS OF VETERAN HOUSING, AND IT WILL TAKE THE LEAD IN DEVELOP FOUR BUILDINGS ON THE PROPERTY AND WILL ALSO BE THE LEAD SERVICE PROVIDER ON THE CAMPUS. THE FIRST PROJECT WILL BE BUILDING 210 PROVIDING 38 RESIDENTIAL UNITS AND CONSTRUCTION COMMENCED IN AUGUST 2024 AND IS SCHEDULED TO OPEN MARCH 2026. THE SECOND PROJECT WILL BE BUILDING 300 PROVIDING 44 RESIDENTIAL UNITS AND A COMMUNITY SERVICE HUB WITH CONSTRUCTION SCHEDULED TO START IN 2025. THE FORT WHIPPLE VETERAN HOUSING PROJECT IN PRESCOTT, AZ WHICH IS A HISTORIC REHAB OF 6 OFFICERS QUARTERS (24 BEDROOMS) AND A NEW PROPERTY DEVELOPMENT OF 85 BEDROOMS. CONSTRUCTION COMMENCED IN DECEMBER 2024 WITH COMPLETION EXPECTED BY 2026.

    Expenses $10,097,030 · Grants $10,096,800 · Revenue $534,877

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Peck

    SECRETARY (THRU 1/25)

    Total calculated
    $400,437
    From this org
    $0
    From related orgs
    $380,518
    Other
    $19,919
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $380,518 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,690 related
    Nontaxable benefits
    $0 + $11,229 related
    Filer's total
    $0 + $400,437 related

  • Daniel Warzenski

    CFO/TREASURER

    Total calculated
    $294,869
    From this org
    $0
    From related orgs
    $277,952
    Other
    $16,917
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,952 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,798 related
    Nontaxable benefits
    $0 + $9,119 related
    Filer's total
    $0 + $294,869 related

  • Lori Allgood

    COO

    Total calculated
    $220,930
    From this org
    $0
    From related orgs
    $210,221
    Other
    $10,709
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,221 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,709 related
    Filer's total
    $0 + $220,930 related

  • Joseph Czyzyk

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jerold Neuman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION OF THE CFO, COO, AND SECRETARY IS DETERMINED BY THE BOARD OF DIRECTORS EXECUTIVE COMMITTEE, AFTER A COMPREHENSIVE MARKET STUDY. UNITED STATES VETERANS INITIATIVE IS THE EMPLOYER OF RECORD FOR ALL EMPLOYEES WORKING ON U.S. VETS HOUSING CORPORATION PROJECTS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION

    $1,120,525

    REFUND OF EXCESS FUNDS PREVIOUSLY DONATED

  • WLAVA BUILDING 210 LP

    $0

    SUPPORT OF VETERANS HOUSING PROJECT.

  • FORT WHIPPLE VETERANS HOUSING LLC

    $0

    SUPPORT OF VETERANS HOUSING PROJECT.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • US VETS E STREET LLC

    DEVELOPMENT OF VETERAN HOUSING · CA · income $0 · assets $1,877,644

    Directly controlled by US VETS HOUSING CORPORATION

  • US VETS 17TH STREET LLC

    DEVELOPMENT OF VETERAN HOUSING · CA · income $0 · assets $336,152

    Directly controlled by US VETS HOUSING CORPORATION

  • US VETS MVV BUILDING 1 LLC

    DEVELOPMENT OF VETERAN HOUSING · CA · income -$2,432,328 · assets $9,215,493

    Directly controlled by US VETS HOUSING CORPORATION

  • USVETS -PHASE 4 LLC

    DEVELOPMENT OF VETERAN HOUSING · CA · income $2,432,328 · assets $1,983,443

    Directly controlled by US VETS HOUSING CORPORATION

  • US VETS VENTURA LLC

    DEVELOPMENT OF VETERAN HOUSING · CA · income $1,513 · assets $0

    Directly controlled by US VETS HOUSING CORPORATION

  • US VETS PHOENIX LLC

    DEVELOPMENT OF VETERAN HOUSING · CA · income $769,424 · assets $12,038,133

    Directly controlled by US VETS HOUSING CORPORATION

  • WLA VA BUILDING 300

    DEVELOPMENT OF VETERAN HOUSING · CA · income $824,220 · assets $41,378,663

    Directly controlled by US VETS HOUSING CORPORATION

  • WLA VA BUILDING 256 LLC

    DEVELOPMENT OF VETERAN HOUSING · CA · income $0 · assets $2,117,118

    Directly controlled by US VETS HOUSING CORPORATION

  • US VETS - FORT WHIPPLE LLC

    DEVELOPMENT OF VETERAN HOUSING · CA · income $0 · assets $0

    Directly controlled by US VETS HOUSING CORPORATION

Related corporations and trusts

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

  • US VETS-WALA BUILDING 210 LLC

    C · DEVELOPMENT OF VETERAN HOUSING · CA · 79% owned · share of assets $2,087,476 · controlled entity

    Directly controlled by US VETS HOUSING CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2026
IRS schema version
2024v5.5
Source object
202611269349302331

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.