Vance Housing Inc
- Assets
- $629.9k
- Revenue
- $114.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Beckley, WV
- Founding
- 05/1999
- Data as of
- 06/2022
- EIN
- 31-1636794
Organization Overview
Vance Housing Inc is located in Beckley, WV. The organization was established in 1999. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vance Housing 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 06/2022, Vance Housing Inc generated $114.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $170.2k during the year ending 06/2022. While expenses have increased by 7.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING FOR INDIVIDUALS WHO ARE CHRONICALLY MENTALLY ILL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATIONS LEASES SIXTEEN UNITS WHICH HOUSE MENTALLY ILL INDIVIDUALS WHO ARE DE-INSTITUTIONALIZED, LOW-INCOME AND DISABLED, OR IN DANGER OF BECOMING HOMELESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Buchanan President | OfficerTrustee | $0 | |
Eddiena Schoolfield Secretary-Tr | OfficerTrustee | $0 | |
Robert Hayes Director | Trustee | $0 | |
Denita Walker Director | Trustee | $0 | |
Kenneth Chittum Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $93,371 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,371 |
| Total Program Service Revenue | $45,544 |
| Investment income | $40 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,862 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,093 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $32,618 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,633 |
| Payroll taxes | $3,577 |
| Fees for services: Management | $10,184 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,039 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,087 |
| Travel | $0 |
| 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 | $29,266 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $170,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,139 |
| 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 | $0 |
| Net Land, buildings, and equipment | $593,398 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,347 |
| Total assets | $629,884 |
| Accounts payable and accrued expenses | $37,742 |
| Grants payable | $0 |
| Deferred revenue | $88 |
| 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 | $5,168 |
| Total liabilities | $42,998 |
| Net assets without donor restrictions | -$467,014 |
| Net assets with donor restrictions | $1,053,900 |
| 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 | $629,884 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Federation Of Applachian Housing Inc Berea, KY | $96,510,437 | $12,528,691 |
Virginia Mennonite Retirement Community Harrisonburg, VA | $42,827,951 | $8,073,755 |
Skills Group State College, PA | $1,119,024 | $4,201,862 |
Virginia Apartment Management Association Richmond, VA | $2,254,574 | $1,543,902 |
Catholic Charities Housing Corporation Cleveland, OH | $7,360,885 | -$1,393,228 |
Engineer Center Inc Upper Marlboro, MD | $3,730,343 | $468,403 |
Consortium For Housing And Asset Management Inc Baltimore, MD | $291,820 | $332,451 |
Vance Housing Inc Beckley, WV | $629,884 | $114,093 |
Mobility Works Inc Baltimore, MD | $265,879 | $366,320 |
St George Management Corp Philadelphia, PA | $144,741 | $81,586 |
The Pennsylvania Building Officials Conference Bethlehem, PA | $156,451 | $0 |
Hocking Housing Management Inc Logan, OH | $158,629 | $11 |