Usvets Housing Corporation
96% goes to programs $1 to raise $100 Strong reserves Growing revenue
Usvets Housing Corporation is a 501(c)(3) organization based in Los Angeles, California, registered in 2020, with $2,335,992 in FY2023 revenue. CharityIndex grades it C, and it directs about 96% of spending to programs.
800 W 6th St Ste 1505, Los Angeles, CA, 90017 EIN 84-2613244 Since 2020
Revenue (FY2023)
$2.3M
▼ 96.8% vs prior year
Public Benefit median: $140K
Expenses (FY2023)
$8.7M
Net assets
$82.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating96% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Usvets Housing Corporation: 96% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating115 mo reserves · -271% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Usvets Housing Corporation: 115 mo reserves · -271% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Usvets Housing Corporation: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Usvets Housing Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The successful transition of military veterans and their families through the provision of housing, counseling, career development and comprehensive support.
Contact & location
- Address
- 800 W 6th St Ste 1505, Los Angeles, CA, 90017
- City
- Los Angeles
- State
- California
- Category
- Public & Societal Benefit
- Subcategory
- Military & Veterans Organizations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $0 (FY2019) to $2.3M (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $5.5MNet assets $82.9M
Operating margin
-270.9%
Spent more than it raised in the latest fiscal year.
Total assets
$88.4M
Total liabilities
$5.5M
Net assets
$82.9M
Salaries & benefits
$0
0% of expenses
Board members
5
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,335,992▼96.8% | $8,664,878▲155% | $82,888,898▼7.1% | $88,388,943▼4.7% | 990 |
| 2022 | $72,847,478▲376% | $3,403,678▲453% | $89,217,784▲351% | $92,739,848▲304% | 990 |
| 2021 | $15,290,258▲708% | $615,103▲1498% | $19,773,984▲288% | $22,936,572▲86.0% | 990 |
| 2020 | $1,892,561 | $38,483 | $5,098,829 | $12,329,261 | 990 |
| 2019 | $0 | $0 | $0 | $0 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Daniel T Warzenski | Cfo/treasurer | 5 | — |
| Jerold Neuman | Director | 5 | — |
| Joseph Czyzyk | Ceo | 5 | — |
| Lori Allgood | Coo | 5 | — |
| Stephen Peck | Secretary | 5 | — |
Grants received · $500K total
1 grant to Usvets Housing Corporation totaling $500K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Local Initiatives Support Corporation | See part iv | 2024 | $500,000 |
Grants made · $8.3M in FY2023
1 grant totaling $8.3M in FY2023. All grants made by Usvets Housing Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| West La Veterans Collective LLC | For the cost of construction of housing project | $8,290,000 |
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Compare Usvets Housing Corporation
Frequently asked questions
- Is Usvets Housing Corporation a legitimate nonprofit?
- Yes. Usvets Housing Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 84-2613244, based in Los Angeles, California. Donations are tax-deductible.
- What is Usvets Housing Corporation's EIN?
- Usvets Housing Corporation's Employer Identification Number (EIN) is 84-2613244.
- How much revenue does Usvets Housing Corporation report?
- Usvets Housing Corporation reported $2,335,992 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Usvets Housing Corporation's spending goes to programs?
- Usvets Housing Corporation spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Usvets Housing Corporation have?
- CharityIndex grades Usvets Housing Corporation C, based on program efficiency and fundraising cost.
- How much does Usvets Housing Corporation's highest-paid employee make?
- The highest reported compensation on Usvets Housing Corporation's latest Form 990 is $0, paid to Daniel T Warzenski (Cfo/treasurer).
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Data for Usvets Housing Corporation (EIN 84-2613244) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.