Usvets Housing Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE SUCCESSFUL TRANSITION OF MILITARY VETERANS AND THEIR FAMILIES THROUGH THE PROVISION OF HOUSING, COUNSELING, CAREER DEVELOPMENT AND COMPREHENSIVE SUPPORT.
- Income
- $10.3 million
- Spending
- $10.5 million
- Spent on programs
- 97%
- Reserves
- -21.8 months of spending
- Largest source of income
- donations and private grants, 79%
- Employees
- 0
- Volunteers
- 2
- Highest pay
- $400,437, secretary (thru 1/25)
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 58 out of 100. Higher than 20% of charities in its peer group (public benefit, $10m to $100m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
20 of 20It owes 7% of what it owns.
Living within its means
8 of 15Spending exceeded income by 2% of income.
Income trend
15 of 15Income rose 340% on the year before.
Spending floor
15 of 1597% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 80 out of 100. Higher than 18% of charities in its peer group (public benefit, $10m to $100m).
Independent board
5 of 252 of 4 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $10.1 million spent. 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 CONSTRUCTION STARTED IN THE SUMMER OF 2022 AND TO BE COMPLETED IN DECEMBER 2024. THE CITY OF PHOENIX PURCHASED THE NEW PHOENIX CAMPUS, (CONTINUED ON SCHEDULE O)REPLACING THE VERY OLD GRAND VETERANS VILLAGE, THERE ARE PLANS TO MOVE TO THIS LOCATION WHEN REQUIRED CONSTRUCTION WORK AND INSPECTIONS ARE COMPLETED. THE VA CAMPUS IN BRENTWOOD WILL PROVIDE 900 UNITS OF VETERAN HOUSING, AND IT WILL TAKE THE LEAD IN DEVELOP FOUR BUILDINGS ON THE PROPERTY AND WILL ALSO BE THE LEAD SERVICE PROVIDER ON THE CAMPUS. THE FIRST PROJECT WILL BE BUILDING 210 PROVIDING 38 RESIDENTIAL UNITS AND CONSTRUCTION COMMENCED IN AUGUST 2024 AND IS SCHEDULED TO OPEN MARCH 2026. THE SECOND PROJECT WILL BE BUILDING 300 PROVIDING 44 RESIDENTIAL UNITS AND A COMMUNITY SERVICE HUB WITH CONSTRUCTION SCHEDULED TO START IN 2025. THE FORT WHIPPLE VETERAN HOUSING PROJECT IN PRESCOTT, AZ WHICH IS A HISTORIC REHAB OF 6 OFFICERS QUARTERS (24 BEDROOMS) AND A NEW PROPERTY DEVELOPMENT OF 85 BEDROOMS. CONSTRUCTION COMMENCED IN DECEMBER 2024 WITH COMPLETION EXPECTED BY 2026.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2020.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.