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Nonprofiteer
← VESTA COMMUNITY HOUSING DEVELOPMENT BOARD INC

Form 990 for tax year 2022

Filed by VESTA COMMUNITY HOUSING DEVELOPMENT BOARD INC.

Totals

Total revenue
$1,999,686
Total expenses
$1,607,817
Contributions and grants received
$320,000
Grants paid
$950,000
Program service revenue
$369,645
Investment income
$1,276,859
Other revenue
$33,182
Total assets, end of year
$3,464,159
Total liabilities, end of year
$2,429,413
Net assets or fund balances, end of year
$1,034,746
Program services expenses (Part IX)
$1,548,445
Management and general expenses
$59,372
Fundraising expenses
$0
Program service expenses (Part III)
$1,548,445

Program services were 96.3% 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

    $320,000

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

    total $369,645 · related or exempt $369,645

  • 7a · Gross sales of assets other than inventory

    other assets $1,563,000

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

    other assets $286,141

  • 7c · Gain or loss

    other assets $1,276,859

  • 7d · Net gain or loss

    total $1,276,859 · excluded $1,276,859

  • 11a · Other revenue: MISCELLANEOUS

    total $33,182 · related or exempt $33,182

  • 11e · Other revenue, total

    $33,182

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $950,000 · program services $950,000

  • 11c · Fees: accounting

    total $38,440 · management and general $38,440

  • 11g · Fees: other

    total $89,539 · program services $89,539

  • 20 · Interest

    total $120,000 · program services $120,000

  • 22 · Depreciation, depletion and amortization

    total $146,352 · program services $146,352

  • 23 · Insurance

    total $148,699 · program services $148,699

  • 24a · Other expenses: UTILITIES

    total $44,582 · program services $44,582

  • 24b · Other expenses: PROPERTY TAXES

    total $41,234 · program services $41,234

  • 24c · Other expenses: SHARED STAFF EXPENSE

    total $20,932 · management and general $20,932

  • 24d · Other expenses: REPAIRS AND MINATENANCE

    total $7,350 · program services $7,350

  • 24e · All other expenses

    total $689 · program services $689

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $237,693 · end of year $390,967

  • 4 · Accounts receivable

    end of year $22,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,689 · end of year $721

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

    $5,634,236

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

    $3,977,775

  • 10c · Land, buildings and equipment, net

    beginning of year $1,793,423 · end of year $1,656,461

  • 15 · Other assets

    beginning of year $1,729,019 · end of year $1,393,510

  • 17 · Accounts payable and accrued expenses

    end of year $51,168

  • 22 · Loans and payables to officers and key people

    beginning of year $2,501,342 · end of year $2,301,342

  • 25 · Other liabilities

    beginning of year $635,605 · end of year $76,903

  • 27 · Net assets without donor restrictions

    beginning of year $642,877 · end of year $1,034,746

Mission and programs · 2022

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 $1,548,445 · Grants $950,000 · Revenue $402,827

As filed on the 2022 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

  • JOHN GRAHAM

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • PETER NEWKIRK

    CEO & SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • JAMES MORRELL

    DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM HENNESSY

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • REBECCA ROSEN

    DIRECTOR OF FINANCE (THRU 6/2022)

    Total calculated
    $33,207
    From this org
    $0
    From related orgs
    $31,107
    Other
    $2,100
    Hours/week
    2 + 38 related

  • KERRI BISHOP

    DIRECTOR OF FINANCE (FROM 11/2022)

    Total calculated
    $10,322
    From this org
    $0
    From related orgs
    $10,322
    Other
    $0
    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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323199349314177

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