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Nonprofiteer
← VITA-LIVING FOUNDATION

Form 990 for tax year 2022

Filed by VITA-LIVING FOUNDATION.

Totals

Total revenue
$482,289
Total expenses
$483,257
Contributions and grants received
$3,000
Grants paid
$440,361
Program service revenue
$0
Investment income
$288,113
Other revenue
$191,176
Total assets, end of year
$5,886,831
Total liabilities, end of year
$411,373
Net assets or fund balances, end of year
$5,475,458
Program services expenses (Part IX)
$440,361
Management and general expenses
$42,896
Fundraising expenses
$0
Program service expenses (Part III)
$440,361

Program services were 91.1% 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.

  • 1f · All other contributions, gifts and grants

    $3,000

  • 3 · Investment income

    total $32,473 · excluded $32,473

  • 6a · Gross rents

    real property $375,216

  • 6b · Less rental expenses

    real property $184,040

  • 6c · Rental income or loss

    real property $191,176

  • 6d · Net rental income or loss

    total $191,176 · related or exempt $191,176

  • 7a · Gross sales of assets other than inventory

    securities $633,512 · other assets $319,325

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

    securities $565,896 · other assets $131,301

  • 7c · Gain or loss

    securities $67,616 · other assets $188,024

  • 7d · Net gain or loss

    total $255,640 · related or exempt $255,640

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $440,361 · program services $440,361

  • 11c · Fees: accounting

    total $4,790 · management and general $4,790

  • 11f · Fees: investment management

    total $9,924 · management and general $9,924

  • 20 · Interest

    total $24,020 · management and general $24,020

  • 23 · Insurance

    total $4,162 · management and general $4,162

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $69,335 · end of year $43,972

  • 2 · Savings and temporary cash investments

    beginning of year $62,604 · end of year $286,925

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

    $4,647,856

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

    $1,030,441

  • 10c · Land, buildings and equipment, net

    beginning of year $3,932,697 · end of year $3,617,415

  • 11 · Investments: publicly traded securities

    beginning of year $1,518,605 · end of year $1,300,531

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $668,645 · end of year $637,988

  • 17 · Accounts payable and accrued expenses

    beginning of year $607 · end of year $1,103

  • 23 · Secured mortgages and notes payable

    beginning of year $486,012 · end of year $410,270

  • 27 · Net assets without donor restrictions

    beginning of year $5,100,188 · end of year $4,843,072

  • 28 · Net assets with donor restrictions

    beginning of year $665,079 · end of year $632,386

Mission and programs · 2022

Mission

THE MISSION OF THE VITA-LIVING FOUNDATION IS TO SUPPORT VITA LIVING INC., WHICH PROVIDES SERVICES TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN THE COMMUNITY.

  • THE RESPONSIBILITY OF THE VITA-LIVING FOUNDATION IS TO ACQUIRE AND MAINTAIN GROUP HOME RESIDENCES, AS WELL AS RAISE FUNDS FOR AN ENDOWMENT. THE ENDOWMENT PROVIDES FINANCIAL SECURITY TO VITA LIVING, INC. AND SUPPORTS ITS ACTIVITIES. THE VITA-LIVING FOUNDATION OWNS 17 GROUP HOMES IN HOUSTON, TEXAS WHICH ARE LEASED BY VITA LIVING, INC.

    Expenses $440,361 · Grants $440,361

As filed on the 2022 return.

Listed in Part VII

  • Michael Rubenstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Bishop

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Irving Pozmantier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Melanie Wallace

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Forrest Wynn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joseph Cooper

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $174,897
    From this org
    $0
    From related orgs
    $156,570
    Other
    $18,327
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,570 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,327 related
    Filer's total
    $0 + $174,897 related

  • Craig Felderhoff

    CHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $75,172
    From this org
    $0
    From related orgs
    $70,700
    Other
    $4,472
    Hours/week
    5 + 40 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. 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

  • VITA LIVING INC

    $440,361

    THE PURPOSE OF THE ASSISTANCE IS TO PROVIDE FUNDS TO OPERATE RESIDENTIAL HOUSING FACILITIES AND ASSIST WITH PROGRAM EXPENSES FOR INDIVIDUALS WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES.

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.

  • VITA LIVING INC

    PROVIDES HOUSING AND OTHER SERVICES TO INDIVIDUALS WITH DISABILITIES · TX

Provenance

Return type
form_990
Tax year
2022
Filed
25 August 2023
IRS schema version
2022v5.0
Source object
202312379349300916

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