Vesta Four INC: FY2022 Nonprofit Profile & Form 990 (EIN 52-2032016)

Revenue by fiscal year
FY2021	$72K
FY2022	$70K
FY2023	$90K
FY2024	$89K
FY2025	$87K

Expenses by fiscal year
FY2021	$154K
FY2022	$85K
FY2023	$88K
FY2024	$101K
FY2025	$128K

Net assets by fiscal year
FY2021	−$379K
FY2022	−$394K
FY2023	−$392K
FY2024	−$404K
FY2025	−$445K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

65%

35%

Program services 65% · $56K Management & general 35% · $30K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII

Jignesh Dalal

President

$0Pt VII · Sec A

Stephen Freiman

Vice President

$0Pt VII · Sec A

Lorena Memberg

Secretary

$0Pt VII · Sec A

David Klein

Treasurer

$0Pt VII · Sec A

See Vesta Four INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable housing for adults with chronic mental disabilities.

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Provided by the organization

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1 program · $56K · in their own filed words · FY2021

01

To provide affordable housing to the chronically mentally disabled.

$56Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$70K

Ln 12

Fees for servicesLn 2g$70K

Investment incomeLn 3$79

Money outPt IX

$85K

Ln 25

Programscol B$56K

Managementcol C$30K

Owns and owesPt X

−$394K

net assets · Ln 32

Total assetsLn 16$649K

LiabilitiesLn 26$1.0M

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$70K

Investment incomeLn 3$79

Total revenueLn 12$70K

Assets in detailPt X, end of year

Land, buildings, equipmentLn 10c$490K

Other assetsLn 15$135K

Total assetsLn 16$649K

LiabilitiesLn 26$1.0M

Net assetsLn 32−$394K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Land, buildings, equipmentLn 10c	$507K	$490K
Total assetsLn 16	$698K	$649K
LiabilitiesLn 26	$1.1M	$1.0M
Net assetsLn 32	−$379K	−$394K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$5K		$5K
Management feesLn 11a	$9K		$9K
Accounting feesLn 11c	$16K		$16K
Other fees for servicesLn 11g	$9K	$9K
OccupancyLn 16	$22K	$22K
Depreciation, depletion and amortizationLn 22	$17K	$17K
InsuranceLn 23	$2K	$2K
Other expenses (24a–d)Ln 24	$5K	$5K	$409
All other expensesLn 24e	$45		$45
Total functional expensesLn 25	$85K	$56K	$30K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$87K	$128K	−$41K	−$445K	990 PDF
FY2024	$89K	$101K	−$12K	−$404K	990 PDF
FY2023	$90K	$88K	$2K	−$392K	990 PDF
FY2022 Viewing	$70K	$85K	−$16K	−$394K	990 PDF
FY2021	$72K	$154K	−$82K	−$379K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2022 990 (6 parts)

Part I · Summary $69,599 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $71,356$69,520

I-10 Investment incomePrior year $87$79

I-11 Other revenuePrior year $642$0

I-12 Total revenuePrior year $72,085$69,599

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $4,513$4,693

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $149,889$80,766

I-18 Total expensesPrior year $154,402$85,459

I-19 Revenue less expensesPrior year −$82,317−$15,860

Part VI · Governance 2 of 4 board members independent, 3 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members2

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $69,599 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $69,520$69,520

VIII-3 Investment incomeExcluded from tax $79$79

VIII-12 Total revenueRelated to mission $69,520 · Unrelated business $0 · Excluded from tax $79$69,599

Part IX · Statement of functional expenses $85,459 across 9 lines filed

IX-7 Other salaries and wagesManagement $4,693$4,693

IX-11a Management feesManagement $8,650$8,650

IX-11c Accounting feesManagement $16,009$16,009

IX-11g Other fees for servicesPrograms $9,410$9,410

IX-16 OccupancyPrograms $22,496$22,496

IX-22 Depreciation, depletion and amortizationPrograms $16,982$16,982

IX-23 InsurancePrograms $2,204$2,204

IX-24 Other expenses (24a–d)Programs $4,561 · Management $409$4,970

IX-24e All other expensesManagement $45$45

IX-25 Total functional expensesPrograms $55,653 · Management $29,806 · Fundraising $0$85,459

Part X · Balance sheet $648,813 assets, 9 lines filed

X-4 Accounts receivableStart of year $59,404$23,421

X-10c Land, buildings and equipment, netStart of year $506,963$489,981

X-15 Other assetsStart of year $131,854$135,411

X-16 Total assetsStart of year $698,221$648,813

X-25 Other liabilitiesStart of year $221,038$187,490

X-26 Total liabilitiesStart of year $1,076,738$1,043,190

X-27 Net assets without donor restrictionsStart of year −$378,517−$394,377

X-32 Total net assets or fund balancesStart of year −$378,517−$394,377

X-33 Total liabilities and net assetsStart of year $698,221$648,813

Part XI · Reconciliation of net assets −$394,377 net assets at year end

XI-1 Total revenue$69,599

XI-2 Total expenses$85,459

XI-3 Revenue less expenses−$15,860

XI-4 Net assets at start of year−$378,517

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$394,377

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Vesta Four INC FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Vesta Four INC

By the numbers

Filing history

Schedules filed Part IV