Vera House Foundation Inc
- Assets
- $5.7m
- Revenue
- $665.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Syracuse, NY
- Founding
- 12/1991
- Data as of
- 12/2021
- EIN
- 22-3132223
Organization Overview
Vera House Foundation Inc is located in Syracuse, NY. The organization was established in 1991. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vera House Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Vera House Foundation Inc generated $665.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $637.1k during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED TO SOLICIT, RECEIVE AND MAINTAIN FUNDS FOR VERA HOUSE, INC
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL SUPPORT TO VERA HOUSE, INC FOR THE PURPOSE OF THE OPERATION OF RESIDENTIAL AND NON-RESIDENTIAL PROGRAMS FOR VICTIMS OF DOMESTIC VIOLENCE AND SEXUAL ASSAULT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaina Wellstead 1st Vice Chair | OfficerTrustee | 2 | $0 |
Jim King Secretary | OfficerTrustee | 2 | $0 |
Barbara Karper 2nd Vice Chair | OfficerTrustee | 2 | $0 |
Russell Sturtz Chair & Treasurer | OfficerTrustee | 2 | $0 |
James Borer Trustee | Trustee | 2 | $0 |
Julie Flack Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $319,489 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,227 |
| Noncash contributions included in lines 1a–1f | $32,606 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,716 |
| Total Program Service Revenue | $0 |
| Investment income | $122,510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $251,654 |
| Net Income from Fundraising Events | -$72,313 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $665,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $385,300 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $163,590 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,607 |
| Fees for services: Other | $20,875 |
| Advertising and promotion | $0 |
| Office expenses | $9,923 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,806 |
| All other expenses | $0 |
| Total functional expenses | $637,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,102 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $27,608 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,647 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,590,699 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,727,056 |
| Accounts payable and accrued expenses | $3,740 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $194,851 |
| Total liabilities | $198,591 |
| Net assets without donor restrictions | $4,632,162 |
| Net assets with donor restrictions | $896,303 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,727,056 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Vera House Foundation Inc has recieved totaling $24,392.
| Awarding Organization | Amount |
|---|---|
Central New York Community Foundation Inc Syracuse, NY PURPOSE: GENERAL SUPPORT; CAMPAIGN SUPPORT; SPONSORSHIP SUPPORT | $22,700 |
Reynolds American Foundation Winston Salem, NC PURPOSE: CHARITABLE ACTIVITIES | $1,325 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Endowment Analysis
| Beg. Balance | $4,907,068 |
| Earnings | $666,004 |
| Net Contributions | $17,627 |
| Ending Balance | $5,590,699 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Melmark Inc Berwyn, PA | $140,011,030 | $123,679,876 |
Aspire Living & Learning Inc Barre, VT | $31,445,013 | $90,937,720 |
Passavant Memorial Homes Pittsburgh, PA | $39,485,382 | $81,360,787 |
Community Access Unlimited Inc Elizabeth, NJ | $87,054,397 | $84,125,198 |
Ohel Childrens Home And Family Services Inc Brooklyn, NY | $94,326,143 | $69,032,759 |
Hamaspik Of Kings County Inc Brooklyn, NY | $37,989,736 | $75,293,470 |
Youth Consultation Service Inc Newark, NJ | $29,814,818 | $70,806,430 |
Saint Dominics Family Services Blauvelt, NY | $41,600,945 | $57,635,291 |
Lifes Worc Inc Garden City, NY | $50,233,566 | $61,555,690 |
Independent Living Association Inc Brooklyn, NY | $34,343,844 | $58,796,469 |
Nysarc Inc Hawthorne, NY | $46,101,635 | $53,348,412 |
Community Residence Inc Newington, CT | $18,937,492 | $49,781,695 |