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Nonprofiteer
← VESTA COMMUNITY HOUSING DEVELOPMENT BOARD INC

Form 990 for tax year 2023

Filed by VESTA COMMUNITY HOUSING DEVELOPMENT BOARD INC.

Totals

Total revenue
$668,265
Total expenses
$562,164
Contributions and grants received
$310,067
Grants paid
$0
Program service revenue
$332,909
Investment income
$0
Other revenue
$25,289
Total assets, end of year
$3,656,297
Total liabilities, end of year
$2,515,450
Net assets or fund balances, end of year
$1,140,847
Program services expenses (Part IX)
$504,053
Management and general expenses
$58,111
Fundraising expenses
$0
Program service expenses (Part III)
$504,053

Program services were 89.7% 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

    $310,067

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

    total $332,909 · related or exempt $332,909

  • 11a · Other revenue: MISCELLANEOUS

    total $25,289 · related or exempt $25,289

  • 11e · Other revenue, total

    $25,289

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $32,075 · management and general $32,075

  • 16 · Occupancy

    total $54,233 · program services $54,233

  • 20 · Interest

    total $110,067 · program services $110,067

  • 22 · Depreciation, depletion and amortization

    total $126,862 · program services $126,862

  • 23 · Insurance

    total $139,880 · program services $139,880

  • 24a · Other expenses: REPAIRS AND MINATENANCE

    total $39,522 · program services $39,522

  • 24b · Other expenses: PROPERTY TAXES

    total $29,545 · program services $29,545

  • 24c · Other expenses: SHARED STAFF EXPENSE

    total $25,851 · management and general $25,851

  • 24d · Other expenses: MISC.

    total $4,129 · program services $3,944 · management and general $185

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $390,967 · end of year $63,497

  • 4 · Accounts receivable

    beginning of year $22,500 · end of year $45,000

  • 7 · Other notes and loans receivable

    end of year $800,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $721

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

    $5,712,195

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

    $4,104,707

  • 10c · Land, buildings and equipment, net

    beginning of year $1,656,461 · end of year $1,607,488

  • 15 · Other assets

    beginning of year $1,393,510 · end of year $1,140,312

  • 17 · Accounts payable and accrued expenses

    beginning of year $51,168 · end of year $59,281

  • 22 · Loans and payables to officers and key people

    beginning of year $2,301,342 · end of year $2,101,339

  • 25 · Other liabilities

    beginning of year $76,903 · end of year $354,830

  • 27 · Net assets without donor restrictions

    beginning of year $1,034,746 · end of year $1,140,847

Mission and programs · 2023

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 $504,053 · Revenue $358,198

As filed on the 2023 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 Balfe

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kerri Bishop

    DIRECTOR OF FINANCE

    Total calculated
    $87,695
    From this org
    $0
    From related orgs
    $82,895
    Other
    $4,800
    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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433189349300538

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