Skip to content
Nonprofiteer
← VESTA INC

Form 990 for tax year 2023

Filed by VESTA INC.

Totals

Total revenue
$21,397,121
Total expenses
$16,216,961
Contributions and grants received
$661,144
Grants paid
$50,000
Program service revenue
$17,451,630
Investment income
$2,918,998
Other revenue
$365,349
Total assets, end of year
$106,403,574
Total liabilities, end of year
$1,995,310
Net assets or fund balances, end of year
$104,408,264
Program services expenses (Part IX)
$12,830,282
Management and general expenses
$3,386,679
Fundraising expenses
$0
Program service expenses (Part III)
$12,830,282

Program services were 79.1% 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)

    $540,144

  • 1f · All other contributions, gifts and grants

    $121,000

  • 2a · Program service revenue: MEDICAL ASSISTANCE

    total $14,952,187 · related or exempt $14,952,187

  • 2b · Program service revenue: FEE COLLECTIONS

    total $1,717,858 · related or exempt $1,717,858

  • 2c · Program service revenue: MANAGEMENT FEES

    total $572,824 · related or exempt $572,824

  • 2d · Program service revenue: FOOD PROGRAM SERVICES

    total $157,028 · related or exempt $157,028

  • 2e · Program service revenue: OTHER

    total $51,733 · related or exempt $51,733

  • 3 · Investment income

    total $2,430,907 · excluded $2,430,907

  • 6a · Gross rents

    real property $365,349

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $365,349

  • 6d · Net rental income or loss

    total $365,349 · related or exempt $365,349

  • 7a · Gross sales of assets other than inventory

    securities $16,977,970

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

    securities $16,040,823 · other assets $449,056

  • 7c · Gain or loss

    securities $937,147 · other assets -$449,056

  • 7d · Net gain or loss

    total $488,091 · excluded $488,091

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,000 · program services $50,000

  • 5 · Compensation of officers, directors and key employees

    total $473,567 · program services $382,643 · management and general $90,924

  • 7 · Other salaries and wages

    total $9,631,695 · program services $7,782,489 · management and general $1,849,206

  • 8 · Pension plan contributions

    total $329,205 · program services $265,761 · management and general $63,444

  • 9 · Other employee benefits

    total $718,049 · program services $554,221 · management and general $163,828

  • 10 · Payroll taxes

    total $750,865 · program services $606,159 · management and general $144,706

  • 11b · Fees: legal

    total $69,282 · program services $7,091 · management and general $62,191

  • 11c · Fees: accounting

    total $36,800 · management and general $36,800

  • 13 · Office expenses

    total $362,645 · program services $332,827 · management and general $29,818

  • 14 · Information technology

    total $303,560 · program services $104,521 · management and general $199,039

  • 16 · Occupancy

    total $2,041,166 · program services $1,523,087 · management and general $518,079

  • 17 · Travel

    total $92,659 · program services $80,444 · management and general $12,215

  • 20 · Interest

    total $1,098 · program services $1,098

  • 22 · Depreciation, depletion and amortization

    total $402,953 · program services $390,627 · management and general $12,326

  • 23 · Insurance

    total $134,673 · program services $107,656 · management and general $27,017

  • 24a · Other expenses: GROCERY ALLOWANCE

    total $258,485 · program services $258,485

  • 24b · Other expenses: CLIENT MEDICAL EXPENSES

    total $253,229 · program services $253,229

  • 24c · Other expenses: OTHER EXPENSES

    total $135,434 · management and general $135,434

  • 24d · Other expenses: CREDIT LOSS

    total $57,564 · program services $57,564

  • 24e · All other expenses

    total $114,032 · program services $72,380 · management and general $41,652

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $658,428 · end of year $151,559

  • 2 · Savings and temporary cash investments

    beginning of year $6,705,634 · end of year $6,624,507

  • 4 · Accounts receivable

    beginning of year $2,438,166 · end of year $1,474,990

  • 7 · Other notes and loans receivable

    beginning of year $581,086 · end of year $564,128

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

    $14,680,656

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

    $7,044,891

  • 10c · Land, buildings and equipment, net

    beginning of year $7,131,445 · end of year $7,635,765

  • 11 · Investments: publicly traded securities

    beginning of year $74,836,710 · end of year $89,393,626

  • 15 · Other assets

    beginning of year $390,196 · end of year $558,999

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,666,847 · end of year $1,878,618

  • 19 · Deferred revenue

    beginning of year $86,800 · end of year $79,567

  • 23 · Secured mortgages and notes payable

    beginning of year $43,082 · end of year $37,125

  • 27 · Net assets without donor restrictions

    beginning of year $90,944,936 · end of year $104,408,264

Mission and programs · 2023

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 $2,324,833 · Revenue $157,028

  • HOUSING AND RESIDENTIAL SERVICES

    Expenses $6,177,477 · Grants $50,000 · Revenue $2,707,764

  • CLINIC

    Expenses $3,597,474 · Revenue $14,952,187

  • CASE MANAGEMENT

    Expenses $730,498

As filed on the 2023 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

  • Dr Jim Black Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jignesh Dalal

    CEO

    Total calculated
    $261,909
    From this org
    $240,492
    From related orgs
    $0
    Other
    $21,417
    Hours/week
    40 + 7 related

    Schedule J breakdown matched by us

    Base
    $221,058
    Bonus
    $7,896
    Other
    $11,538
    Deferred
    $21,417
    Nontaxable benefits
    $0
    Filer's total
    $261,909

  • Ruth Green

    COO

    Total calculated
    $197,350
    From this org
    $177,057
    From related orgs
    $0
    Other
    $20,293
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,595
    Bonus
    $7,924
    Other
    $11,538
    Deferred
    $15,034
    Nontaxable benefits
    $5,259
    Filer's total
    $197,350

  • Alimatu Nabie

    NURSE PRACTITIONER

    Total calculated
    $168,909
    From this org
    $155,772
    From related orgs
    $0
    Other
    $13,137
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,529
    Bonus
    $18,143
    Other
    $100
    Deferred
    $13,137
    Nontaxable benefits
    $0
    Filer's total
    $168,909

  • Steven Gorozdos

    MONTGOMERY REGIONAL DIRECTOR

    Total calculated
    $174,111
    From this org
    $149,969
    From related orgs
    $0
    Other
    $24,142
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,136
    Bonus
    $9,382
    Other
    $451
    Deferred
    $13,273
    Nontaxable benefits
    $10,869
    Filer's total
    $174,111

  • Mathew Zakielarz

    BUSINESS DIRECTOR

    Total calculated
    $123,958
    From this org
    $116,490
    From related orgs
    $0
    Other
    $7,468
    Hours/week
    40

  • Lorena Memberg

    DIRECTOR OF FINANCE

    Total calculated
    $136,562
    From this org
    $120,125
    From related orgs
    $0
    Other
    $16,437
    Hours/week
    40 + 7 related

  • Jessica Stansbury

    MEDICAL DIRECTOR

    Total calculated
    $143,119
    From this org
    $139,236
    From related orgs
    $0
    Other
    $3,883
    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
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202541359349302079

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.