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Nonprofiteer
← VINFEN CORPORATION

Form 990 for tax year 2024

Filed by VINFEN CORPORATION.

Totals

Total revenue
$295,744,297
Total expenses
$281,063,513
Contributions and grants received
$2,971,734
Grants paid
$0
Program service revenue
$288,883,726
Investment income
$1,640,449
Other revenue
$2,248,388
Total assets, end of year
$219,776,917
Total liabilities, end of year
$130,626,538
Net assets or fund balances, end of year
$89,150,379
Program services expenses (Part IX)
$248,493,564
Management and general expenses
$32,196,823
Fundraising expenses
$373,126
Program service expenses (Part III)
$248,493,564

Program services were 88.4% 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.

  • 1c · Fundraising events

    $19,989

  • 1e · Government grants (contributions)

    $2,154,485

  • 1f · All other contributions, gifts and grants

    $797,260

  • 2a · Program service revenue: CONTRACT REVENUE

    total $278,932,310 · related or exempt $278,932,310

  • 2b · Program service revenue: CLIENT FEES

    total $7,882,750 · related or exempt $7,882,750

  • 2c · Program service revenue: RENTAL SUBSIDIES

    total $2,068,666 · related or exempt $2,068,666

  • 3 · Investment income

    total $1,640,449 · excluded $1,640,449

  • 6a · Gross rents

    real property $51,593

  • 6b · Less rental expenses

    real property $64,942

  • 6c · Rental income or loss

    real property -$13,349

  • 6d · Net rental income or loss

    total -$13,349 · excluded -$13,349

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $19,989

  • 8b · Fundraising events: direct expenses

    $19,976

  • 8c · Net income from fundraising events

    total -$19,976 · excluded -$19,976

  • 11a · Other revenue: MANAGEMENT FEE

    total $1,950,639 · related or exempt $1,950,639

  • 11b · Other revenue: DMH LEASE MGMT REVENUE

    total $160,335 · related or exempt $160,335

  • 11c · Other revenue: PERSON SERVED PRODUCT SALES & SVC

    total $144,584 · related or exempt $144,584

  • 11d · All other revenue

    total $26,155 · related or exempt $26,155

  • 11e · Other revenue, total

    $2,281,713

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,893,296 · management and general $1,893,296

  • 7 · Other salaries and wages

    total $170,143,731 · program services $152,739,115 · management and general $17,187,144 · fundraising $217,472

  • 8 · Pension plan contributions

    total $3,214,920 · management and general $3,214,920

  • 9 · Other employee benefits

    total $19,309,285 · program services $19,292,021 · fundraising $17,264

  • 10 · Payroll taxes

    total $12,983,284 · program services $12,490,897 · management and general $474,548 · fundraising $17,839

  • 11b · Fees: legal

    total $340,936 · program services $130,754 · management and general $210,182

  • 11c · Fees: accounting

    total $164,355 · management and general $164,355

  • 11d · Fees: lobbying

    total $21,000 · management and general $21,000

  • 11g · Fees: other

    total $18,540,485 · program services $17,421,111 · management and general $1,101,766 · fundraising $17,608

  • 13 · Office expenses

    total $5,620,261 · program services $2,414,985 · management and general $3,200,505 · fundraising $4,771

  • 16 · Occupancy

    total $18,455,548 · program services $17,829,939 · management and general $615,024 · fundraising $10,585

  • 20 · Interest

    total $2,085,437 · program services $1,585,121 · management and general $500,316

  • 22 · Depreciation, depletion and amortization

    total $8,144,154 · program services $6,780,943 · management and general $1,363,211

  • 23 · Insurance

    total $1,699,462 · program services $1,325,941 · management and general $372,535 · fundraising $986

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $5,480,940 · program services $5,142,477 · management and general $257,861 · fundraising $80,602

  • 24b · Other expenses: FOOD/MEALS

    total $3,531,609 · program services $3,512,890 · management and general $18,719

  • 24c · Other expenses: MAINTENANCE/REPAIRS

    total $3,390,766 · program services $3,090,495 · management and general $300,271

  • 24d · Other expenses: TRANSPORTATION

    total $2,309,291 · program services $2,247,059 · management and general $62,232

  • 24e · All other expenses

    total $3,734,753 · program services $2,489,816 · management and general $1,238,938 · fundraising $5,999

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,605,507 · end of year $25,442,538

  • 2 · Savings and temporary cash investments

    beginning of year $21,678,978 · end of year $25,744,853

  • 4 · Accounts receivable

    beginning of year $32,037,322 · end of year $36,726,972

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,347,358 · end of year $4,115,467

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

    $125,951,550

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

    $61,039,512

  • 10c · Land, buildings and equipment, net

    beginning of year $64,892,807 · end of year $64,912,038

  • 15 · Other assets

    beginning of year $44,746,387 · end of year $62,835,049

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,847,119 · end of year $25,665,005

  • 19 · Deferred revenue

    beginning of year $565,029 · end of year $57,874

  • 20 · Tax-exempt bond liabilities

    beginning of year $37,326,554 · end of year $48,553,936

  • 21 · Escrow or custodial account liability

    beginning of year $3,561,426 · end of year $3,673,999

  • 23 · Secured mortgages and notes payable

    beginning of year $5,988,445 · end of year $5,967,821

  • 25 · Other liabilities

    beginning of year $37,550,191 · end of year $46,707,903

  • 27 · Net assets without donor restrictions

    beginning of year $72,418,934 · end of year $86,647,507

  • 28 · Net assets with donor restrictions

    beginning of year $2,050,661 · end of year $2,502,872

Mission and programs · 2024

Mission

VINFEN TRANSFORMS LIVES BY BUILDING THE CAPACITY OF INDIVIDUALS, FAMILIES, ORGANIZATIONS AND PROVIDING COMMUNITIES TO LEARN, THRIVE, AND ACHIEVE THEIR GOALS. OUR SERVICES PROMOTE THE RECOVERY, RESILIENCY, HABILITATION AND SELF-DETERMINATION OF THE PEOPLE WE SERVE. AS A HUMAN SERVICE LEADER, WE STRIVE TO BE THE PROVIDER, EMPLOYER, AND PARTNER OF CHOICE.

Activities or mission (Part I)

VINFEN CORPORATION ("VINFEN") TRANSFORMS LIVES BY BUILDING THE CAPACITY OF INDIVIDUALS, FAMILIES, ORGANIZATIONS AND PROVIDING COMMUNITIES TO LEARN, THRIVE, AND ACHIEVE THEIR GOALS. OUR SERVICES PROMOTE THE RECOVERY, RESILIENCY, HABILITATION AND SELF-DETERMINATION OF THE PEOPLE WE SERVE. AS A HUMAN SERVICE LEADER, WE STRIVE TO BE THE PROVIDER, EMPLOYER, AND PARTNER OF CHOICE.

  • THE PSYCHIATRIC REHABILITATION DIVISION PROVIDES SERVICES FOR PEOPLE WITH SERIOUS AND PERSISTENT PSYCHIATRIC DISABILITIES, SUBSTANCE ABUSE, ADDICTION AND/OR HIV/AIDS INCLUDING ASSERTIVE COMMUNITY TREATMENT, EMPLOYMENT SERVICES, RESIDENTIAL SUPPORTS, CLUBHOUSE DAY SERVICES AND HOMELESS OUTREACH SERVICES.

    Expenses $112,607,031 · Revenue $139,364,607

  • DEVELOPMENTAL DISABILITY SERVICES DELIVER AN ARRAY OF SERVICES FOR PERSONS WITH DISABILITIES THROUGH OPERATION OF GROUP HOMES, SUPPORTED HOUSING, OUTREACH, WORK SKILLS AND EMPLOYMENT TRAINING.

    Expenses $103,129,790 · Revenue $119,057,046

  • - BEHAVIORAL HEALTH SERVICES DIVISION PROVIDES AN ARRAY OF CLINICAL SERVICES TO ADULTS AND CHILDREN WITH BEHAVIORAL HEALTH CHALLENGES. SERVICES INCLUDE INDIVIDUAL COUNSELING, MEDICATION MANAGEMENT, EMERGENCY SERVICES AND CRISIS STABILIZATION. SERVICES ARE PROVIDED IN LICENSED OUTPATIENT CLINICS, HOMES AND OTHER COMMUNITY LOCATIONS. BEHAVIORAL HEALTH SERVICES HELP PEOPLE COPE WITH TRAUMA OR CRISIS, MANAGE SYMPTOMS OF MENTAL ILLNESS AND AVOID UNNEEDED HIGHER LEVELS OF CARE. - INNOVATION: THE INNOVATION DIVISION PROVIDES DIGITAL SUPPORT SERVICES, ASSISTIVE TECHNOLOGY TO INDIVIDUALS WITH DISABILITIES OR BEHAVIORAL HEALTH CHALLENGES. THE DIVISION ALSO IMPLEMENTS RESEARCH PROJECTS WITH ACADEMIC PARTNERS TO STUDY SERVICE IMPROVEMENT INTERVENTIONS. - INTEGRATED CARE: THE INTEGRATED CARE DIVISION PROVIDES CARE COORDINATION AND SUPPORT TO ADDRESS HEALTH RELATED SOCIAL NEEDS FOR PEOPLE WITH BEHAVIORAL HEALTH CHALLENGES OR DISABILITIES. THE DIVISION HELPS CONNECT PEOPLE TO HEALTH CARE PROVIDERS, COMPLETE HOUSING APPLICATIONS AND ARRANGE FOR HOME-BASED SERVICES.

    Expenses $32,756,743 · Revenue $30,462,073

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

Listed in Part VII

  • Jean Yang

    DIRECTOR, PRESIDENT & CEO

    Total calculated
    $597,779
    From this org
    $579,061
    From related orgs
    $0
    Other
    $18,718
    Hours/week
    31 + 9 related

    Schedule J breakdown matched by us

    Base
    $575,995
    Bonus
    $0
    Other
    $3,066
    Deferred
    $7,000
    Nontaxable benefits
    $11,718
    Filer's total
    $597,779

  • Ipek Demirsoy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8

  • Maren Batalden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8

  • Padmaja Raman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8 + 0.2 related

  • Paul Zintl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Philip A Mason

    DIRECTOR, CHAIR

    Total calculated
    $0
    Hours/week
    1.6 + 1 related

  • Annette Kovamees

    CFO & TREASURER

    Total calculated
    $329,202
    From this org
    $286,430
    From related orgs
    $0
    Other
    $42,772
    Hours/week
    31 + 9 related

    Schedule J breakdown matched by us

    Base
    $283,144
    Bonus
    $0
    Other
    $3,286
    Deferred
    $4,992
    Nontaxable benefits
    $37,780
    Filer's total
    $329,202

  • Jeanne Russo

    COO (THRU 09/27/24)

    Total calculated
    $387,901
    From this org
    $361,875
    From related orgs
    $0
    Other
    $26,026
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,545
    Bonus
    $0
    Other
    $106,330
    Deferred
    $8,850
    Nontaxable benefits
    $17,176
    Filer's total
    $387,901

  • Lurleen Gannon

    CLERK (AS OF 09/19/24)

    Total calculated
    $262,293
    From this org
    $254,017
    From related orgs
    $0
    Other
    $8,276
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $252,693
    Bonus
    $0
    Other
    $1,324
    Deferred
    $7,500
    Nontaxable benefits
    $776
    Filer's total
    $262,293

  • Joseph F Gomes

    SR. VP, DS SERVICES

    Total calculated
    $260,805
    From this org
    $229,664
    From related orgs
    $0
    Other
    $31,141
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,916
    Bonus
    $0
    Other
    $6,748
    Deferred
    $6,900
    Nontaxable benefits
    $24,241
    Filer's total
    $260,805

  • Elizabeth Cella

    SR. VP, PSYCH REHAB

    Total calculated
    $229,887
    From this org
    $222,511
    From related orgs
    $0
    Other
    $7,376
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,999
    Bonus
    $0
    Other
    $2,512
    Deferred
    $6,600
    Nontaxable benefits
    $776
    Filer's total
    $229,887

  • Juan Condemarin

    PSYCHIATRIST

    Total calculated
    $260,571
    From this org
    $249,223
    From related orgs
    $0
    Other
    $11,348
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,723
    Bonus
    $0
    Other
    $500
    Deferred
    $0
    Nontaxable benefits
    $11,348
    Filer's total
    $260,571

  • Peggy Johnson

    CHIEF MEDICAL OFFICER

    Total calculated
    $377,111
    From this org
    $352,793
    From related orgs
    $0
    Other
    $24,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,387
    Bonus
    $0
    Other
    $10,406
    Deferred
    $1,077
    Nontaxable benefits
    $23,241
    Filer's total
    $377,111

  • Jonathan Burt

    CHIEF INFO. & TECH. OFFICER

    Total calculated
    $269,332
    From this org
    $250,072
    From related orgs
    $0
    Other
    $19,260
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,250
    Bonus
    $0
    Other
    $2,822
    Deferred
    $7,500
    Nontaxable benefits
    $11,760
    Filer's total
    $269,332

  • Eileen C Reilly

    PSYCHIATRIST

    Total calculated
    $270,408
    From this org
    $249,782
    From related orgs
    $0
    Other
    $20,626
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,283
    Bonus
    $0
    Other
    $6,499
    Deferred
    $6,624
    Nontaxable benefits
    $14,002
    Filer's total
    $270,408

  • Kimberly Shellenberger

    CHIEF STRATEGY OFFICER

    Total calculated
    $289,328
    From this org
    $280,925
    From related orgs
    $0
    Other
    $8,403
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,000
    Bonus
    $0
    Other
    $2,925
    Deferred
    $7,627
    Nontaxable benefits
    $776
    Filer's total
    $289,328

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
JEANNE RUSSO, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $100,000 WHICH IS REPORTED IN PART II, COLUMN (B)(III).

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

No itemized grants to organizations 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VINFEN COMMUNITY DEVELOPMENT LLC

    HOUSING - INACTIVE · MA

    Directly controlled by VINFEN CORPORATION

  • BAYSTATE PERFORMANCE SOLUTIONS LLC

    EE ASST. PLAN - INACTIVE · MA

    Directly controlled by VINFEN CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202601359349301330

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