V N Housing Corp is a 501(c)(3) organization based in Newport, Rhode Island, registered in 2001, with $273,558 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$274K
▼ 7.3% vs prior year
Housing median: $408K
Expenses (FY2023)
$277K
Net assets
$777K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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. Not scored for V N Housing Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 V N Housing Corp: 34 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
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. Not scored for V N Housing Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 V N Housing Corp: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $217K (FY2013) to $274K (FY2023) across 11 reported years.
Financial snapshot
Operating margin
-1.2%
Spent more than it raised in the latest fiscal year.
Total assets
$864K
Total liabilities
$87K
Net assets
$777K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $273,558▼7.3% | $276,792▼13.4% | $776,966▼0.4% | $864,108▲4.1% | 990 |
| 2022 | $295,234▲6.8% | $319,596▲4.6% | $780,200▼3.0% | $830,319▼3.1% | 990 |
| 2021 | $276,554▼0.2% | $305,592▲2.4% | $804,562▼3.5% | $856,488▼3.0% | 990 |
| 2020 | $277,062▲2.2% | $298,417▼2.2% | $833,600▼2.5% | $882,647▼3.3% | 990 |
| 2019 | $271,002▲2.0% | $305,274▼6.6% | $854,955▼3.9% | $912,534▼3.1% | 990 |
| 2018 | $265,760▼4.0% | $326,788▲16.1% | $889,227▼6.4% | $941,456▼4.4% | 990 |
| 2017 | $276,963▲1.6% | $281,545▲13.1% | $950,255▼0.5% | $984,329▲0.4% | 990 |
| 2016 | $272,608▲3.6% | $248,850▼5.3% | $954,837▲2.6% | $980,786▲2.4% | 990 |
| 2015 | $263,054▲7.3% | $262,679▼11.0% | $931,079 | $958,181▼0.2% | 990 |
| 2014 | $245,186▲13.0% | $294,990▲5.6% | $930,704▼5.1% | $959,628▼3.9% | 990 |
| 2013 | $216,948 | $279,326▲14.1% | $980,508▼6.0% | $998,816▼6.2% | 990 |
| 2012 | — | $244,913▲1.4% | $1,042,886▼3.5% | $1,064,773▼3.2% | 990 |
| 2011 | — | $241,498▲0.9% | $1,081,218▼1.8% | $1,100,168▼2.1% | 990 |
| 2010 | — | $239,389▲1.8% | $1,101,449▼2.9% | $1,123,874▼2.8% | 990 |
| 2009 | — | $235,241 | $1,134,766 | $1,156,685 | 990 |
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.
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Data for V N Housing Corp (EIN 06-1473638) 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.