Verner

Community Development · Asheville, North Carolina

2586 Riceville Rd, Asheville, NC 28805-9793

EIN: 562040462· Founded: Feb 1998· 28 years active· Filing Year: 2023

Annual Revenue

$6.3M

Total Expenses

$6.3M

Total Assets

$5.3M

Program Spending

21%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$197K

3.1% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$3.6M

Total Payroll

$3.8M

60% of total expenses

Where the Money Goes

21%

Programs: 21%

Payroll: 60%

Other overhead: 80%

Program Revenue$1.3M (20%)

Total Expenses$6.3M (100%)

Payroll$3.8M (60%)

Overhead (non-program)80%

Trust Score Breakdown

Program Spending Ratio

21% of expenses go to programs

40%

Revenue & Stability

$6.3M annual revenue

15%

Executive Compensation

$197K total officer comp (3.1% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$5.3M in assets

10%

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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.