VERA FRENCH HOUSING CORPORATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $735,094 Revenue: $1,269,678

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.

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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%)

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$119,098

Total Directors

Key Employees

Highest Compensated

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