VERA HOUSE

EIN: 630877111 501(c)(3) Housing & Shelter

BIRMINGHAM, AL

Total Revenue
$86,939
Total Expenses
$78,424
Total Assets
$89,153
Net Assets
$-13,649
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
AL
Principal Officer
PATRICK HASSELL
Phone
2055954555
Tax Period
2024-10-01 to 2025-09-30

VERA HOUSE, founded in 1986, is a micro nonprofit in the Housing & Shelter sector that reported $87K in total revenue in fiscal year 2019. Revenue decreased 7% compared to the prior year. Expenses of $79K left a modest 10% surplus.

Mission

TO PROVIDE LOW-INCOME HOUSING

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $86,575
Investment Income $364
Other Revenue $0
TOTAL REVENUE $86,939

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $68,188
Other Expenses $78,424
TOTAL EXPENSES $78,424

Year-over-Year Comparison

2024 2023 Change
Revenue $86,939 $97,683 -0.1%
Expenses $78,424 $82,250 0.0%
Net Income $8,515 $15,433 -0.4%
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
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK HASSELL PRESIDENT 0.00
Director
$0 $0 $0
TERRI HARVILL BOARD MEMBER 0.00
Director
$0 $0 $0
RACHELLE CATHER BOARD MEMBER 0.00
Director
$0 $0 $0
ERIN MURDOCH BOARD MEMBER 0.00
Director
$0 $0 $0
TAMMIE BENNETT BOARD MEMBER 0.00
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 $86,939 $78,424 $89,153 $8,515
2024 $97,683 $82,250 $95,142 $15,433
2023 $88,801 $90,474 $99,387 $-1,673
2022 $91,256 $79,565 $81,120 $11,691
2021 $89,973 $77,980 $89,111 $11,993
2020 $87,460 $78,580 $94,443 $8,880
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