2024-05-14T07:57:48-07:00 2023-06-30 990 2022-07-01 421427313 VERA FRENCH HOUSING CORPORATION VERA 5634457977 211 EAST 37TH STREET DAVENPORT IA 52806 STACY KISER-WILLEY Executive Director 2024-05-14 STACY KISER-WILLEY 999009999 true 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z STACY KISER-WILLEY EXECUTIVE DIRECT 1053123 false X N/A X 1994 IA To provide affordable housing options linked with appropriate supportive services for persons with severe and persistent mental illness. 8 8 10 8 0 176173 481421 457078 570742 95 83 11875 877 645221 1053123 0 0 292270 295116 0 0 428644 544509 720914 839625 -75693 213498 1924501 2034190 723362 700839 1201139 1333351 To provide affordable housing options linked with appropriate supportive services for persons with severe and persistent mental illness. false false 660526 481421 571619 Vera French Housing Corporation Housing Corporation was formed to assist individuals with persistent mental illness to obtain permanent, affordable housing that is linked to the Vera French Community Mental Health Center The Center, a related organization, support services and additional services within the community. Housing Corporation offers 130 units of scattered site apartment buildings, duplexes and shared living throughout Davenport and Bettendorf. In 2013, Housing Corporation opened the first staffed home for persons that need additional assistance and oversight through staffing from The Center. There are now seven staffed homes throughout the community. Housing Corporation also works with individuals coming from shelters and homeless living situations. 660526 true true false false false false false false false false true false false true true true false true false false false false false false false false false false false false false false false false false false false false false false false false false true true true false false true 11 0 false 10 true false false false false false false false 0 false false false false false false false X 8 8 false false false false false true true true true false false true true true true true true false false false X STACY D KISER-WILLEY 5634457977 211 EAST 37TH STREET DAVENPORT IA 52806 STACY KISER-WILLEY Executive Dir. 40.00 0.00 X 94175 0 11029 BILL BRUCE Director 1.00 0.00 X 0 0 0 CONNIE WILLIAMS Director 1.00 0.00 X 0 0 0 ABBEY FURLONG Director 1.00 0.00 X 0 0 0 NATASHA JONES Director 1.00 0.00 X 0 0 0 MARY KELLENBERGER Treasurer 2.00 0.00 X 0 0 0 PATRICK MCELYEA President 2.00 0.00 X 0 0 0 RICK SCHLOEMER Vice President 2.00 0.00 X 0 0 0 94175 11029 0 false false false 0 244027 237394 481421 PROPERTY MGT REVENUE 531110 63968 63968 RENTAL REVENUE 531110 506774 506774 570742 83 83 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 877 877 877 1053123 571619 83 0 0 0 0 105204 94175 11029 0 189912 161425 28487 0 0 0 46338 46338 2747 2747 26671 26671 0 0 0 0 20282 20282 18458 18458 22687 22687 0 152489 150089 2400 0 0 2213 2213 15569 15569 0 97863 97863 28848 28848 MAINTENANCE 110344 110344 0 839625 660526 179099 0 137520 84997 0 81110 146488 28469 10235 0 0 33878 101677 0 2590 3267883 1794109 1319877 1473774 0 0 0 0 323647 214429 1924501 2034190 27449 70082 513 35 566598 541957 128802 88765 723362 700839 X 1201139 1333351 1201139 1333351 1924501 2034190 X 213498 -81286 X false true X true false X 149987 95918 108382 176173 481421 1011881 0 0 149987 95918 108382 176173 481421 1011881 0 1011881 227 228 133 95 83 766 0 0 1012647 0.99920 0.99870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 129061 129061 3054497 1752307 1302190 84325 41802 42523 1473774 DUE FROM RELATED PARTIES 86867 FOOD PANTRY 3304 INVESTMENT IN VF MANOR & VF TERRACE 45186 REPLACEMENT RESERVE 33199 TENANT SECURITY DEPOSITS 45873 214429 DUE TO RELATED PARTIES 44354 SECURITY DEPOSITS 43857 TENANT SAVINGS 554 88765 X Part X : FIN48 Footnote Vera French Community Mental Health Center, Inc. The Center, Vera French Foundation Foundation, Vera French Housing Coproration Housing Corporation and Vera French Commons, Inc. Commons are exempt from income taxes unfer provisions of section 501c3 of the Internal Revenue Code IRS. Uncertain tax provisions, if any, are recorded in accordance with Financial Accounting Standards Board FASB ASC 70, income taxes. FASB ASC 740 requires the recognition of a liability for tax positions taken that do not meet the more-likely-than not standard that the position will be sustained upon examination by the taxing authorities. There is no liability for uncertain tax positions recorded at June 30, 2023. Forms 990 filed by the organization are generally subject to examination by the IRS up to three years from the extended due date of each return. Vera French Terrace, Inc. Terrace, Vera French Manor, Inc. Manor and Vera French Court, Inc. Court are taxable corporations under the IRS regulations in lieu of corporate income taxes, the partners of VFH, LLLP VFH, DLB, LLLP DLB and Holiday Courts, LLP Holiday Court are taxed on their proportionate share of the respective partnership's income, deductions, losses and credits. Therefore, the accompanying financial statement does not include any provisions for income taxes for these entities. Form 990, Part VI, Section A, Line 7a Per the Vera French Housing Corporations Bylaws, Vera French Community Mental Health Center, Inc., a related organization, has the exclusive power to appoint, after consideration by the Corporation's board of directors, any director to the Corporation's board and to remove any director, after vote by the Corporation's board of directors, from the Corporation's board with or without cause. Form 990, Part VI, Section A, Line 7b Vera French Community Mental Health Center, Inc. The Center, a related organization, has the exclusive power to remove any director, after vote by the corporation's board of directors, from the corporation's board with or without cause. Any proposed merger, consolidation, or dissolution of the corporation must be approved by two-thirds of the members of the corporation's board and The Center's board. Form 990, Part VI, Section B, Line 11b The form 990 is reviewed by the governance committee on behalf of the board of directors prior to filing this form with the IRS. Form 990, Part VI, Section B, Line 12c Vera French Housing Corporation's Housing Corporation directors, principal officers, or members of a committee with governing board delegated powers must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. Any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, is an interested person, the interested person shall leave the governing board or committee meeting with the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether Housing Corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in Housing Corporation's best interest, for it's own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make it's decision as to whether to enter into the transaction or arrangement. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose and actual, or possible conflict of interest, the board shall take appropriate disciplinary and corrective action as warranted. Proceedings related to the determination of a conflict of interest in existence shall be documented in the minutes of the governing board or committee. Form 990, Part VI, Section C, Line 19 The organization's governing documents, conflict of interest policy, and financial statement are made available upon request. Form 990, Part XI, Line 9 CHANGE IN INVESTMENT VERA FRENCH MANOR, TERRACE, AND COURT = -$81286 FORM 990, PART V, LINE 2A Vera French Housing Corporation Housing Corporation reimbursed Vera French Community Mental Health Center, Inc. The Center, a related organization, during the year ended June 30, 2023 for the estimated cost of wages and benefits of it's employees and officer. The Center serves as a payroll agent for Housing Corporation. VERA FRENCH COMMONS INC 211 E 27TH STREET DAVENPORT IA 52806 421469273 AFFORDABLE HOUSING TO DISABLED PERSONS IA 501 C3 LINE 10 VERA FRENCH HOUSING CORPORATION true VERA FRENCH COMMUNITY MENTAL HEALTH CTR 1441 W Central Park Davenport IA 52804 420716337 MENTAL HEALTH SERVICES IA 501C3 LINE 7 NA false VERA FRENCH FOUNDATION 1441 W Central Park Davenport IA 52804 421256448 RAISES FUNDS & AWARENESS SUPPORT VFCMHC IA 501C3 LINE 12B, II VERA FRENCH COMMUNITY MENTAL HEALTH CTR true DLB LLLP 211 EAST 37TH STREET DAVENPORT IA 52806 770613346 HOUSING FOR LOW INCOME TENANTS IA NA false false VERA FRENCH COURT INC 211 E 37TH STREET DAVENPORT IA 52806 263035068 LOW INCOME HOUSING IA VERA FRENCH HOUSING C CORP -5 -100 1.00000 true VERA FRENCH MANOR INC 211 E 37TH STREET DAVENPORT IA 52806 800117633 LOW INCOME HOUSING IA VERA FRENCH HOUSING C CORP -59251 573285 1.00000 true VERA FRENCH TERRACE INC 211 E 37TH STREET DAVENPORT IA 52806 770613345 LOW INCOME HOUSING IA VERA FRENCH HOUSING C CORP -41084 710397 1.00000 true false false false false false false false false false false false false false false false true true false false VERA FRENCH COMMUNITY MENTAL HEALTH CTR p 328941 FMV