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Nonprofiteer
← VESTA INC

Form 990 for tax year 2022

Filed by VESTA INC.

Totals

Total revenue
$19,502,686
Total expenses
$15,607,041
Contributions and grants received
$447,874
Grants paid
$51,300
Program service revenue
$17,520,817
Investment income
$1,208,174
Other revenue
$325,821
Total assets, end of year
$92,741,665
Total liabilities, end of year
$1,796,729
Net assets or fund balances, end of year
$90,944,936
Program services expenses (Part IX)
$12,405,191
Management and general expenses
$3,201,850
Fundraising expenses
$0
Program service expenses (Part III)
$12,405,191

Program services were 79.5% 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.

  • 1e · Government grants (contributions)

    $447,874

  • 2a · Program service revenue: MEDICAL ASSISTANCE

    total $15,182,052 · related or exempt $15,182,052

  • 2b · Program service revenue: FEE COLLECTIONS

    total $1,556,909 · related or exempt $1,556,909

  • 2c · Program service revenue: MANAGEMENT FEES

    total $581,993 · related or exempt $581,993

  • 2d · Program service revenue: FOOD PROGRAM SERVICES

    total $131,837 · related or exempt $131,837

  • 2e · Program service revenue: OTHER

    total $68,026 · related or exempt $68,026

  • 3 · Investment income

    total $1,759,427 · excluded $1,759,427

  • 6a · Gross rents

    real property $325,821

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $325,821

  • 6d · Net rental income or loss

    total $325,821 · related or exempt $325,821

  • 7a · Gross sales of assets other than inventory

    securities $28,876,951

  • 7b · Less cost or other basis and sales expenses

    securities $29,428,204

  • 7c · Gain or loss

    securities -$551,253

  • 7d · Net gain or loss

    total -$551,253 · excluded -$551,253

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $51,300 · program services $51,300

  • 5 · Compensation of officers, directors and key employees

    total $447,937 · program services $354,902 · management and general $93,035

  • 7 · Other salaries and wages

    total $9,298,082 · program services $7,366,897 · management and general $1,931,185

  • 8 · Pension plan contributions

    total $453,756 · program services $358,896 · management and general $94,860

  • 9 · Other employee benefits

    total $707,231 · program services $526,173 · management and general $181,058

  • 10 · Payroll taxes

    total $667,708 · program services $528,118 · management and general $139,590

  • 11b · Fees: legal

    total $47,483 · program services $47 · management and general $47,436

  • 11c · Fees: accounting

    total $31,125 · management and general $31,125

  • 13 · Office expenses

    total $395,368 · program services $329,923 · management and general $65,445

  • 14 · Information technology

    total $298,153 · program services $88,448 · management and general $209,705

  • 16 · Occupancy

    total $1,958,646 · program services $1,692,986 · management and general $265,660

  • 17 · Travel

    total $97,345 · program services $87,781 · management and general $9,564

  • 20 · Interest

    total $1,344 · program services $1,344

  • 22 · Depreciation, depletion and amortization

    total $409,839 · program services $395,874 · management and general $13,965

  • 23 · Insurance

    total $192,230 · program services $135,801 · management and general $56,429

  • 24a · Other expenses: GROCERY ALLOWANCE

    total $265,990 · program services $265,990

  • 24b · Other expenses: CLIENT MEDICAL EXPENSES

    total $150,811 · program services $150,811

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $82,554 · program services $22,724 · management and general $59,830

  • 24d · Other expenses: PUBLIC RELATIONS

    total $20,297 · program services $17,334 · management and general $2,963

  • 24e · All other expenses

    total $29,842 · program services $29,842

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $888,414 · end of year $658,428

  • 2 · Savings and temporary cash investments

    beginning of year $11,291,417 · end of year $6,705,634

  • 4 · Accounts receivable

    beginning of year $1,805,095 · end of year $2,438,166

  • 7 · Other notes and loans receivable

    beginning of year $596,986 · end of year $581,086

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

    $13,909,091

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

    $6,777,646

  • 10c · Land, buildings and equipment, net

    beginning of year $7,440,696 · end of year $7,131,445

  • 11 · Investments: publicly traded securities

    beginning of year $57,935,745 · end of year $74,836,710

  • 15 · Other assets

    beginning of year $427,036 · end of year $390,196

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,414,199 · end of year $1,666,847

  • 19 · Deferred revenue

    beginning of year $94,033 · end of year $86,800

  • 23 · Secured mortgages and notes payable

    beginning of year $51,825 · end of year $43,082

  • 27 · Net assets without donor restrictions

    beginning of year $78,825,332 · end of year $90,944,936

Mission and programs · 2022

Mission

TO EMPOWER PEOPLE TO ACHIEVE SELF-DETERMINATION. TO ENHANCE AND ENRICH THEIR LIVES IN THE COMMUNITY. TO BE PROACTIVE IN WORKING WITH INDIVIDUALS, FAMILIES, AND ORGANIZATIONS. TO PROMOTE UNDERSTANDING AND INCLUSION FOR ALL.

Activities or mission (Part I)

TO EMPOWER PEOPLE TO ACHIEVE SELF-DETERMINATION. TO ENHANCE AND ENRICHTHEIR LIVES IN THE COMMUNITY. TO BE PROACTIVE IN WORKING WITHINDIVIDUALS, FAMILIES, AND ORGANIZATIONS. TO PROMOTE UNDERSTANDING ANDINCLUSION FOR ALL.

  • PRE-VOCATIONAL SERVICES

    Expenses $1,907,344 · Revenue $131,837

  • HOUSING AND RESIDENTIAL SERVICES

    Expenses $6,152,753 · Grants $51,300 · Revenue $2,532,749

  • CLINIC

    Expenses $3,720,954 · Revenue $15,182,052

  • CASE MANAGEMENT

    Expenses $624,140

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Freiman Ph D

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • William Groves

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Regina M Sharber

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • David Klein

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • George Pelote

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marvin Yudkovitz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nancy Hall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Jim Black Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jignesh Dalal

    CEO

    Total calculated
    $252,357
    From this org
    $232,617
    From related orgs
    $0
    Other
    $19,740
    Hours/week
    40 + 7 related

    Schedule J breakdown matched by us

    Base
    $220,289
    Bonus
    $1,210
    Other
    $11,118
    Deferred
    $19,740
    Nontaxable benefits
    $0
    Filer's total
    $252,357

  • Ruth Green

    COO

    Total calculated
    $184,264
    From this org
    $164,838
    From related orgs
    $0
    Other
    $19,426
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,520
    Bonus
    $1,200
    Other
    $11,118
    Deferred
    $14,416
    Nontaxable benefits
    $5,010
    Filer's total
    $184,264

  • Alimatu Nabie

    NURSE PRACTITIONER

    Total calculated
    $146,257
    From this org
    $135,185
    From related orgs
    $0
    Other
    $11,072
    Hours/week
    40

  • Steven Gorozdos

    MONTGOMERY REGIONAL DIRECTOR

    Total calculated
    $146,995
    From this org
    $126,878
    From related orgs
    $0
    Other
    $20,117
    Hours/week
    40

  • Uchechukwu Ifeji

    NURSE PRACTITIONER

    Total calculated
    $175,673
    From this org
    $154,828
    From related orgs
    $0
    Other
    $20,845
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,065
    Bonus
    $1,794
    Other
    $1,969
    Deferred
    $12,207
    Nontaxable benefits
    $8,638
    Filer's total
    $175,673

  • Lorena Memberg

    DIRECTOR OF FINANCE

    Total calculated
    $129,568
    From this org
    $111,112
    From related orgs
    $0
    Other
    $18,456
    Hours/week
    40 + 7 related

  • Jessica Stansbury

    MEDICAL DIRECTOR

    Total calculated
    $113,491
    From this org
    $113,491
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

  • VESTA ARUNDEL INC

    501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. · MD · controlled entity

    Directly controlled by VESTA INC

  • VESTA CHARLES INC

    501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. · MD · controlled entity

    Directly controlled by VESTA INC

  • VESTA FOUR INC

    501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. · MD · controlled entity

    Directly controlled by VESTA INC

  • VESTA'S HEARTH INC

    501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. · MD · controlled entity

    Directly controlled by VESTA INC

  • VESTA HOUSING INC

    501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. · MD · controlled entity

    Directly controlled by VESTA INC

  • VESTA PELDEN INC

    501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. · MD · controlled entity

    Directly controlled by VESTA INC

  • VESTA RIVERDALE INC

    501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. · MD · controlled entity

    Directly controlled by VESTA INC

  • VESTA SEVERN INC

    501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. · MD · controlled entity

    Directly controlled by VESTA INC

  • VESTA THREE INC

    501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. · MD · controlled entity

    Directly controlled by VESTA INC

  • VESTA FOREST INC

    501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. · MD · controlled entity

    Directly controlled by VESTA INC

  • VESTA ENTEKA INC

    501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. · MD · controlled entity

    Directly controlled by VESTA INC

  • VESTA TWELVE INC

    501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. · MD · controlled entity

    Directly controlled by VESTA INC

  • VESTA THIRTEEN INC

    501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. · MD · controlled entity

    Directly controlled by VESTA INC

  • VESTA GERMANTOWN INC

    501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED. · MD · controlled entity

    Directly controlled by VESTA INC

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202441309349304069

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