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Usvets Housing Corporation

Los Angeles, CA · EIN 84-2613244 · 501(c)(3) · Supporting organization, Type I
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Usvets Housing Corporation reported $10.3 million in revenue and $10.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $96.50 went to program services, $2.39 to management and general costs and $1.11 to fundraising. Its largest source of revenue was contributions and grants: 94.8% of the total. Government grants made up 16.1%. The highest compensation it reported for one person was $400,437 (SECRETARY (THRU 1/25)). Revenue rose 443% between FY2021 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $10M

For context, the median across 185 covered public & societal benefit charities: $88.81 programs, $11.18 management, $0.01 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $10M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 185 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
96.5%84.9%
Management & general
Part IX 25(C) ÷ 25(A)
2.4%10.7%
Fundraising
Part IX 25(D) ÷ 25(A)
1.1%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.01$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
94.8%83.8%
Government grants share of revenue
Part VIII 1e ÷ 12
16.1%0.0%
Program service revenue share
Part VIII 2g ÷ 12
5.2%3.2%
Highest reported compensation
Part VII-A, columns D–F
$400,437$357,133
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
3.83%1.52%
People paid over $100,000
Part VII, line 2
012
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
92.110.5
Independent voting board members
Part VI 1a–1b
2 of 4100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$10M expenses · 100.0% of program spending · grants $10M · revenue $535K

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…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
SECRETARY (THRU 1/25)
Director/trustee, officer, 5.00 hrs/week
$0$380,518$19,919$400,437
CFO/TREASURER
Director/trustee, officer, 5.00 hrs/week
$0$277,952$16,917$294,869
COO
Director/trustee, officer, 35.00 hrs/week
$0$210,221$10,709$220,930

0 people received more than $100,000 in reportable compensation from Usvets Housing Corporation (Part VII, line 2).

5 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2021FY2022FY2023FY2024FY2025$10M$10M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$10M$10M96.5%$80M$400,437
FY2024 ⓘ$2.3M$8.7M95.7%$83M$394,445
FY2023 ⓘ$73M$3.4M88.1%$89M$392,766
FY2022 ⓘ$15M$615K81.3%$20M$372,571
FY2021 ⓘ$1.9M$38,48334.6%$5.1M$358,132

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b4 · 2 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50
  • Volunteers Part I, line 62

Correct a figure or respond

Every number above is copied from Usvets Housing Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Usvets Housing Corporation, you can publish a response that is linked from this page.

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Questions people ask

How much of Usvets Housing Corporation's spending goes to programs?

In the fiscal year ending June 30, 2025, Usvets Housing Corporation reported that 96.5% of its $10.5 million in expenses went to program services, 2.4% to management and general and 1.1% to fundraising (Form 990, Part IX).

How much does Usvets Housing Corporation pay its top executive?

The largest total compensation Usvets Housing Corporation reported for one person in the fiscal year ending June 30, 2025 was $400,437, for the role of SECRETARY (THRU 1/25) (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Usvets Housing Corporation get its money?

Of $10.3 million in revenue in the fiscal year ending June 30, 2025, 94.8% came from contributions and grants (including 16.1% from government grants) and 5.2% from program service revenue (Form 990, Part VIII).

Is Usvets Housing Corporation a registered charity?

The IRS lists EIN 84-2613244 as a 501(c)(3) organization (supporting organization, type i), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611269349302331 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501289349303640 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202420739349301307 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202320659349300032 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220889349300782 · read the filing

All filings for EIN 84-2613244: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.