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Vesta Four INC FY2023 filing

Tax-deductible

Lanham, MD501(c)(3)HousingEIN 52-2032016Revenue $90K in FY2023

On file with the IRSvesta.org9301 Annapolis Road, 20706-3115 · Lanham, MDTax-exempt since Jun 1997Publicly supported charity — 170(b)(1)(A)(vi)

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To provide affordable housing to the chronically mentally disabled in accordance with section 811 of the national affordable housing act.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $30K a year · 37% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Liabilities
$1.0M
163% of total assets
Concern: liabilities are 163% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$90K
+30% vs prior year
Spent
$88K
To programs
63%
Net assets
−$392K
By yearFY2021–FY2025
Revenue
$90K
FY2023▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2021$72K
FY2022$70K
FY2023$90K
FY2024$89K
FY2025$87K
Expenses
$88K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$154K
FY2022$85K
FY2023$88K
FY2024$101K
FY2025$128K
Net assets
−$392K
FY2023▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2021−$379K
FY2022−$394K
FY2023−$392K
FY2024−$404K
FY2025−$445K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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

63 cents of each dollar spent went to programs.

Program services 63% · $55K Management & general 37% · $33K

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 (FY2022); the FY2023 filing did not itemize Part VII
Jignesh Dalal
President
$0Pt VII · Sec A
Stephen Freiman
Vice President
$0Pt VII · Sec A
$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.

Provided by the organization

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1 program · $55K · in their own filed words · FY2022
01

To provide affordable housing to the chronically mentally disabled.

$55Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$90K
Ln 12
Fees for servicesLn 2g$87K
Investment incomeLn 3$3K
Money outPt IX
$88K
Ln 25
Programscol B$55K
Managementcol C$33K
Owns and owesPt X
−$392K
net assets · Ln 32
Total assetsLn 16$619K
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$87K
Investment incomeLn 3$3K
Total revenueLn 12$90K
Assets in detailPt X, end of year
Land, buildings, equipmentLn 10c$473K
Other assetsLn 15$142K
Total assetsLn 16$619K
LiabilitiesLn 26$1.0M
Net assetsLn 32−$392K
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
LineStart FY23End FY23
Land, buildings, equipmentLn 10c$490K$473K
Total assetsLn 16$649K$619K
LiabilitiesLn 26$1.0M$1.0M
Net assetsLn 32−$394K−$392K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$5K$5K
Management feesLn 11a$9K$9K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$13K$13K
OccupancyLn 16$15K$15K
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$10K$8K$2K
All other expensesLn 24e$25$25
Total functional expensesLn 25$88K$55K$33K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $87K$128K−$41K−$445K 990 PDF
FY2024 $89K$101K−$12K−$404K 990 PDF
FY2023 Viewing $90K$88K$2K−$392K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $90,437 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $69,520$87,134
I-10 Investment incomePrior year $79$3,303
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $69,599$90,437
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 $4,693$5,227
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $80,766$82,759
I-18 Total expensesPrior year $85,459$87,986
I-19 Revenue less expensesPrior year −$15,860$2,451
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 $90,437 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $87,134$87,134
VIII-3 Investment incomeExcluded from tax $3,303$3,303
VIII-12 Total revenueRelated to mission $87,134 · Unrelated business $0 · Excluded from tax $3,303$90,437
Part IX · Statement of functional expenses $87,986 across 9 lines filed
IX-7 Other salaries and wagesManagement $5,227$5,227
IX-11a Management feesManagement $8,650$8,650
IX-11c Accounting feesManagement $16,753$16,753
IX-11g Other fees for servicesPrograms $13,217$13,217
IX-16 OccupancyPrograms $15,001$15,001
IX-22 Depreciation, depletion and amortizationPrograms $16,982$16,982
IX-23 InsurancePrograms $2,571$2,571
IX-24 Other expenses (24a–d)Programs $7,542 · Management $2,018$9,560
IX-24e All other expensesManagement $25$25
IX-25 Total functional expensesPrograms $55,313 · Management $32,673 · Fundraising $0$87,986
Part X · Balance sheet $618,592 assets, 9 lines filed
X-4 Accounts receivableStart of year $23,421$3,401
X-10c Land, buildings and equipment, netStart of year $489,981$472,999
X-15 Other assetsStart of year $135,411$142,192
X-16 Total assetsStart of year $648,813$618,592
X-25 Other liabilitiesStart of year $186,890$154,218
X-26 Total liabilitiesStart of year $1,043,190$1,010,518
X-27 Net assets without donor restrictionsStart of year −$394,377−$391,926
X-32 Total net assets or fund balancesStart of year −$394,377−$391,926
X-33 Total liabilities and net assetsStart of year $648,813$618,592
Part XI · Reconciliation of net assets −$391,926 net assets at year end
XI-1 Total revenue$90,437
XI-2 Total expenses$87,986
XI-3 Revenue less expenses$2,451
XI-4 Net assets at start of year−$394,377
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$391,926

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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