VERA FRENCH HOUSING CORPORATION

EIN: 421427313 501(c)(3) Housing & Shelter

DAVENPORT, IA

Total Revenue
$1,459,984
Total Expenses
$854,800
Total Assets
$2,563,360
Net Assets
$1,869,435
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
IA
Principal Officer
STACY KISER EXECUTIVE DIRECTOR
Phone
5634457977
Tax Period
2023-07-01 to 2024-06-30

VERA FRENCH HOUSING CORPORATION, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $605K, a strong 41% operating margin.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $834,534
Program Service Revenue $624,556
Investment Income $94
Other Revenue $800
TOTAL REVENUE $1,459,984

Expense Breakdown

Grants Paid $0
Salaries & Benefits $323,494
Fundraising Expenses $0
Program Expenses $735,094
Other Expenses $531,306
TOTAL EXPENSES $854,800

Year-over-Year Comparison

2023 2022 Change
Revenue $1,459,984 $1,053,123 +0.4%
Expenses $854,800 $839,625 +0.0%
Net Income $605,184 $213,498 +1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
10
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$119,098
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STACY KISER Executive Dir. 40.00
Officer
$106,612 $12,486 $119,098
MARY KELLENBERGER Treasurer 1.00
Officer Director
$0 $0 $0
PATRICK MCELYEA President 1.00
Officer Director
$0 $0 $0
RICK SCHLOEMER Vice President 1.00
Officer Director
$0 $0 $0
BILL BRUCE Director 1.00
Director
$0 $0 $0
ABBEY FURLONG Director 1.00
Director
$0 $0 $0
NATASHA WITTEMEYER Director 1.00
Director
$0 $0 $0
CONNIE WILLIAMS Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,459,984 $854,800 $2,563,360 $605,184
2023 $1,053,123 $839,625 $2,034,190 $213,498
2022 $645,221 $720,914 $1,924,501 $-75,693
2021 $658,533 $578,836 $2,038,405 $79,697
2020 $561,310 $613,612 $2,035,285 $-52,302
2019 $653,524 $661,037 $2,069,125 $-7,513
2018 $623,149 $649,757 $1,907,719 $-26,608
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