Overview
What is Vera French Commons Inc?
Vera French Commons Inc is a nonprofit organization, situated in Davenport, Iowa, specifically at 211 EAST 37TH STREET. Their primary focus is on providing affordable housing options for individuals with severe and persistent mental illnesses. The housing they offer is meticulously designed to cater to the physical, social, and emotional needs of these individuals, aiming to promote their overall well-being and happiness. Their operations are regulated by the U.S. Department of Housing and Urban Development (HUD), ensuring fair rental charges and operational methods. The organization's mission is to enhance the quality of life for these individuals by offering supportive services alongside their housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Vera French Commons Inc has achieved a score of 79%, which indicates a solid performance in terms of accountability and finance. The organization excels in several key areas, including governance practices, with a fully independent board and strong policies in place for conflict of interest and whistleblowing. Notably, the program expense ratio is perfect at 100%, suggesting that all of its expenses are directed towards its programs.
However, the organization faces challenges, particularly in its financial health, as indicated by a liabilities to assets ratio of 139.38%. This figure suggests that the charity has more liabilities than assets, which may raise concerns for potential donors about its long-term sustainability. While the organization demonstrates strong governance and efficient program spending, addressing its financial liabilities will be crucial for its overall stability and growth.
Overall, Vera French Commons Inc shows effective management and program allocation, though potential supporters may want to consider the implications of its financial leverage before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Vera French Commons Inc legitimate?
Vera French Commons Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vera French Commons Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $82,219
Professional Fundraising Fees: $0
Other Salaries and Wages: $806
For more financial information, click here
What is the mission statement of Vera French Commons Inc?
Vera French Commons Inc, as an organization, is committed to offering affordable housing options accompanied by appropriate supportive services for individuals suffering from severe and persistent mental illnesses. This mission is aimed at meeting the residents' physical, social, and emotional needs, promoting their overall well-being, and enhancing their quality of life. The housing provided by Vera French Commons Inc is designed to ensure their health, security, happiness, and usefulness in their daily lives. The organization's operations are regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rental charges and operational methods.
Who is the CEO of Vera French Commons Inc?
Stacy Kiser-Willey is the Executive Dir. of Vera French Commons Inc.
What is the revenue of Vera French Commons Inc?
Vera French Commons Inc's revenue in 2022 was $59,957.
Who are the executives of Vera French Commons Inc and what are their salaries?
There 8 volunteers at Vera French Commons Inc.
Here are 8 key members and their salaries:
- Compensation: $82,219
- Related: $0
- Other: $14,735
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Vera French Commons Inc?
Vera French Commons Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vera French Commons Inc
Vera French Commons Inc, a nonprofit organization, is committed to providing affordable housing solutions tailored to individuals with severe and persistent mental illnesses. Their mission is to link these individuals with the necessary supportive services to enhance their quality of life. By offering housing options that cater to their physical, social, and physiological needs, Vera French Commons Inc aims to promote their health, security, happiness, and overall usefulness in society. The organization's housing is regulated by the U.S. Department of Housing and Urban Development (HUD), ensuring that rental charges and operating methods are aligned with the required standards.
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Impact
October, 2024
Vera French Commons Inc has a significant impact on the community by providing affordable housing tailored specifically for individuals with severe and persistent mental illnesses. Its 10-unit housing development is meticulously designed to address the unique physical, social, and psychological needs of disabled residents, including both elderly and handicapped individuals. By creating a supportive living environment, Vera French Commons promotes health, security, happiness, and a sense of purpose among its residents.
The organization not only offers shelter but also links residents with appropriate supportive services, fostering a holistic approach to mental health and well-being. Regulated by the U.S. Department of Housing and Urban Development, the housing ensures stability and affordability, alleviating financial burdens for those who may otherwise struggle to find suitable living arrangements. By focusing on the integration of housing and support, Vera French Commons Inc enhances the quality of life for its residents and contributes to a more inclusive community.
This information is meant to be a general summary of Vera French Commons Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $53
- Program Service Revenue: $50,310
- Gross Receipts: $59,957
Assets and Liabilities:
- Total Assets: $507,122
- Total Liabilities: $706,894
- Net Assets: -$199,772
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Laundry/Tenant Charges
Revenue
$891
Rental Revenue
Revenue
$49,419
Organization Details
Founding Year
1997
Phone
(563) 445-7977Principal Officer
Stacy Kiser-Willey
Main Address
211 EAST 37TH STREET, DAVENPORT, IA, 52806
NTEE Category
Code: P75Z - Human services
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