USVETS HOUSING CORPORATION

EIN: 842613244 501(c)(3) Public & Societal Benefit

LOS ANGELES, CA

Total Revenue
$10,277,971
Total Expenses
$10,462,968
Total Assets
$86,083,329
Net Assets
$80,317,285
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CA
Principal Officer
LORI ALLGOOD
Phone
2135422600
Tax Period
2024-07-01 to 2025-06-30

USVETS HOUSING CORPORATION, founded in 2019, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $10.3M in total revenue in fiscal year 2024. Revenue surged 340% from the prior year, signaling strong growth momentum. Net assets of $80.3M represent 94 months of operating reserves.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $10,097,030 Revenue: $534,877

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...

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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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,741,185
Program Service Revenue $534,877
Investment Income $0
Other Revenue $1,909
TOTAL REVENUE $10,277,971

Expense Breakdown

Grants Paid $10,096,800
Salaries & Benefits $0
Fundraising Expenses $115,744
Program Expenses $10,097,030
Other Expenses $366,168
TOTAL EXPENSES $10,462,968

Year-over-Year Comparison

2024 2023 Change
Revenue $10,277,971 $2,335,992 +3.4%
Expenses $10,462,968 $8,664,878 +0.2%
Net Income $-184,997 $-6,328,886 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
2
Employees
N/A
Volunteers
2

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
$916,236
Total Directors
5
$916,236
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN PECK SECRETARY (THRU 1/25) 5.00
Officer Director
$0 $19,919 $400,437
DANIEL WARZENSKI CFO/TREASURER 5.00
Officer Director
$0 $16,917 $294,869
LORI ALLGOOD COO 35.00
Officer Director
$0 $10,709 $220,930
JOSEPH CZYZYK PRESIDENT 5.00
Officer Director
$0 $0 $0
JEROLD NEUMAN DIRECTOR 5.00
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 $10,277,971 $10,462,968 $86,083,329 $-184,997
2024 $2,335,992 $8,664,878 $88,388,943 $-6,328,886
2023 $72,847,478 $3,403,678 $92,739,848 $69,443,800
2022 $15,290,258 $615,103 $22,936,572 $14,675,155
2021 $1,892,561 $38,483 $12,329,261 $1,854,078
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