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Nonprofiteer
← VESTA COMMUNITY HOUSING DEVELOPMENT BOARD INC

Form 990 for tax year 2024

Filed by VESTA COMMUNITY HOUSING DEVELOPMENT BOARD INC.

What the amendment changed

Compared with the return it replaced , filed 14 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$798,379 changed to $1,223,714
Total expenses
$899,484 changed to $1,126,410
Contributions and grants received
$10,000 changed to $310,068
Program service revenue
$788,379 changed to $824,379
Investment income
$0 changed to $89,267
Total assets, end of year
$3,180,854 changed to $3,220,550
Total liabilities, end of year
$2,141,112 changed to $1,982,399
Net assets or fund balances, end of year
$1,039,742 changed to $1,238,151
Program services expenses
$799,251 changed to $982,300
Management and general expenses
$100,233 changed to $144,110
Program service expenses (Part III)
$799,251 changed to $982,300

Totals

Total revenue
$1,223,714
Total expenses
$1,126,410
Contributions and grants received
$310,068
Grants paid
$500,000
Program service revenue
$824,379
Investment income
$89,267
Other revenue
$0
Total assets, end of year
$3,220,550
Total liabilities, end of year
$1,982,399
Net assets or fund balances, end of year
$1,238,151
Program services expenses (Part IX)
$982,300
Management and general expenses
$144,110
Fundraising expenses
$0
Program service expenses (Part III)
$982,300

Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $310,068

  • 2a · Program service revenue: RENTALS TO EXEMPT ORG.

    total $429,345 · related or exempt $429,345

  • 2b · Program service revenue: GAIN ON SALE OF RENTAL

    total $395,034 · excluded $395,034

  • 3 · Investment income

    total $89,267 · excluded $89,267

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 7 · Other salaries and wages

    total $76,274 · management and general $76,274

  • 11c · Fees: accounting

    total $75,588 · program services $11,045 · management and general $64,543

  • 16 · Occupancy

    total $76,072 · program services $73,013 · management and general $3,059

  • 20 · Interest

    total $100,067 · program services $100,067

  • 22 · Depreciation, depletion and amortization

    total $124,433 · program services $124,433

  • 23 · Insurance

    total $84,384 · program services $84,384

  • 24a · Other expenses: REPAIRS AND MINATENANCE

    total $61,938 · program services $61,938

  • 24b · Other expenses: PROPERTY TAXES

    total $27,090 · program services $27,090

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $564 · program services $330 · management and general $234

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $63,497 · end of year $70,307

  • 4 · Accounts receivable

    beginning of year $45,000

  • 7 · Other notes and loans receivable

    beginning of year $800,000 · end of year $827,467

  • 9 · Prepaid expenses and deferred charges

    end of year $17,699

  • 10a · Land, buildings and equipment: cost or other basis

    $5,585,948

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,989,936

  • 10c · Land, buildings and equipment, net

    beginning of year $1,607,488 · end of year $1,596,012

  • 15 · Other assets

    beginning of year $1,140,312 · end of year $709,065

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,281 · end of year $36,773

  • 22 · Loans and payables to officers and key people

    beginning of year $2,101,339 · end of year $1,901,339

  • 25 · Other liabilities

    beginning of year $354,830 · end of year $44,287

  • 27 · Net assets without donor restrictions

    beginning of year $1,140,847 · end of year $1,238,151

Mission and programs · 2024

Mission

TO HELP INDIVIDUALS RECOVER FROM THE DISEASE OF ALCOHOL AND DRUG ADDICTION. TO HELP EASE THE TRANSITION FROM CORRECTIONAL FACILITIES TO COMMUNITY LIVING, AND ASSIST THE INDIVIDUAL TO CONFRONT AND OVERCOME THE UNDERLYING PROBLEMS THAT TRIGGER AND SUSTAIN SUBSTANCE ABUSE AND OTHER SELF-DESTRUCTIVE BEHAVIORS. TO END THE CYCLE OF INCARCERATION AND RELAPSE, AND ASSIST THE INDIVIDUAL IN SUCCESSFUL AND CONSTRUCTIVE REENTRY INTO SOCIETY. IN SHORT, TO CREATE TAXPAYERS. WE CREATE TAXPAYERS BY SERVING PEOPLE WHO ARE AFFLICTED WITH CHEMICAL DEPENDENCIES; THOSE WHO ARE HOMELESS; AND THOSE UNPREPARED TO MAKE A SUCCESSFUL TRANSITION TO THE WORLD OF WORK AND GOOD CITIZENSHIP, RESPONSIBILITY, AND COMMUNITY REINTEGRATION.

Activities or mission (Part I)

PROVIDE RENTALS TO COMMUNITY SERVICE PROGRAMS/LOW INCOME TENANTS.

  • VESTA BUYS REAL ESTATE AND LEASES IT ONLY TO NOT-FOR-PROFIT ORGANIZATIONS WHO PROVIDE HUMAN SERVICES. THESE TENANTS INCLUDE: 2 ALCOHOL REHABS, A DRUG-FREE RESIDENCE, AND AN OUTPATIENT CLINIC.

    Expenses $982,300 · Grants $500,000 · Revenue $429,345

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KEVIN LUIBRAND ESQ

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BILL HENNESSY

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • PETER NEWKIRK

    CEO & SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JAMES MORRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN GRAHAM

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KERRI BISHOP

    DIRECTOR OF FINANCE

    Total calculated
    $101,665
    From this org
    $0
    From related orgs
    $96,865
    Other
    $4,800
    Hours/week
    2 + 38 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
27 August 2026
IRS schema version
2024v5.5
Source object
202602409349300305

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