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Veterans Affordable Homeownership Program FY2022 filing

Tax-deductible

Concord, CA501(c)(3)Public & Societal BenefitEIN 81-2967340Revenue $52K in FY2022

On file with the IRS1451 Toyon Dr, 94520-2910 · Concord, CATax-exempt since Dec 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Vahop's primary mission is to help Veterans close the wealth gap through home ownership and provide funds to other veteran service organizations.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $79K a year · 63% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 23.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$52K
-81% vs prior year
Spent
$40K
To programs
67%
Net assets
$190K
By yearFY2020–FY2025
Revenue
$52K
FY2022▼ -81%
Tap a bar for its year
Revenue by fiscal year
FY2020$166K
FY2021$271K
FY2022$52K
FY2023$27K
FY2024$5K
FY2025$10K
Expenses
$40K
FY2022▼ -37%
Tap a bar for its year
Expenses by fiscal year
FY2020$70K
FY2021$63K
FY2022$40K
FY2023Not on file
FY2024Not on file
FY2025$10K
Net assets
$190K
FY2022▼ -61%
Tap a bar for its year
Net assets by fiscal year
FY2020$274K
FY2021$482K
FY2022$190K
FY2023$422K
FY2024$358K
FY2025$324K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $26K Management & general 33% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Scott Cassell
Adv. Board M
$0Pt VII · Sec A
Sean Poyner
Board Member
$0Pt VII · Sec A
Bill Ridel
Board Member
$0Pt VII · Sec A
Joe Serrano
Vice Preside
$0Pt VII · Sec A
Ed Szaky
Adv. Board M
$0Pt VII · Sec A
JR Wilson
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Jim Etherington
Treasurer-Se
$0Pt VII · Sec A
See Veterans Affordable Homeownership Program executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps veterans build wealth through homeownership and funds other veteran service groups.

Questions for Veterans Affordable Homeownership Program

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Provided by the organization

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3 programs · $26K · in their own filed words · FY2022
01

Donations to support local veteran service organizations.

$23Kprogram expense
02

Provide no cost line of credit (loc) to veterans to improve existing home in preparation for sale.

$2Kprogram expense
03

Provide various services, information and resources to help veterans, gold and blue star familes the opportunity for home ownership.

$1Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$52K
Ln 12
Fees for servicesLn 2g$27K
Gifts and grantsLn 1h$25K
Money outPt IX
$40K
Ln 25
Programscol B$26K
Managementcol C$13K
Owns and owesPt X
$190K
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$190K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Fees for servicesLn 2g$27K
Total revenueLn 12$52K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$68K
Cash and savings togetherLn 1–2$79K
InvestmentsLn 11–13$112K
Total assetsLn 16$190K
LiabilitiesLn 26$0
Net assetsLn 32$190K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$204K$79K
InvestmentsLn 11–13$278K$112K
Total assetsLn 16$482K$190K
LiabilitiesLn 26$0$0
Net assetsLn 32$482K$190K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
OccupancyLn 16$1K$1K
Other expenses (24a–d)Ln 24$38K$26K$11K
Total functional expensesLn 25$40K$26K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10K$10K$430$324K 990 PDF
FY2024 $5K$358K 990 PDF
FY2023 $27K$422K 990 PDF
FY2022 Viewing $52K$40K$12K$190K 990 PDF
FY2021 $271K$63K$208K$482K 990 PDF
FY2020 $166K$70K$96K$274K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $51,823 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $261,984$24,550
I-9 Program service revenuePrior year $9,233$27,273
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $271,217$51,823
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $63,428$39,755
I-18 Total expensesPrior year $63,428$39,755
I-19 Revenue less expensesPrior year $207,789$12,068
Part VI · Governance 7 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $51,823 across 4 lines filed
VIII-1f All other contributions, gifts and grants$24,550
VIII-1h Total contributions, gifts and grants$24,550
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $27,273$27,273
VIII-12 Total revenueRelated to mission $27,273$51,823
Part IX · Statement of functional expenses $39,755 across 3 lines filed
IX-11c Accounting feesManagement $1,000$1,000
IX-16 OccupancyManagement $1,184$1,184
IX-24 Other expenses (24a–d)Programs $26,458 · Management $11,113$37,571
IX-25 Total functional expensesPrograms $26,458 · Management $13,297 · Fundraising $0$39,755
Part X · Balance sheet $190,391 assets, 7 lines filed
X-1 Cash, non-interest-bearing$10,703
X-2 Savings and temporary cash investmentsStart of year $203,629$68,159
X-11 Publicly traded securitiesStart of year $278,425$111,529
X-16 Total assetsStart of year $482,054$190,391
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $482,054$190,391
X-33 Total liabilities and net assetsStart of year $482,054$190,391
Part XI · Reconciliation of net assets $190,391 net assets at year end
XI-1 Total revenue$51,823
XI-2 Total expenses$39,755
XI-3 Revenue less expenses$12,068
XI-4 Net assets at start of year$482,054
XI-5 Net unrealized gains (losses) on investments−$303,731
XI-10 Net assets at end of year$190,391

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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