Versability Resources INC EIN 54-0802199

Versability Resources INC FY2021 filing

EIN  54-0802199 Public charity (501(c)(3)) Hampton, VA Founded 1953
Form 990 (PDF)
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Size
$10–100M
What they do
Provides employment, housing, and support services to help people with disabilities live fulfilling lives.
Leadership
Kathryn Grzelkowski · Pres/CEO · $236K
Money in and out
$43.7M revenue, $41.6M expenses
Bottom line
97% program efficiency

Provides employment, housing, and support services to help people with disabilities live fulfilling lives. For fiscal year 2021 it reported $43.7M in revenue, $41.6M in expenses, and $22.2M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$43.7M
Pt VIII · Ln 12
Total expenses
$41.6M
Pt IX · Ln 25
Net assets
$22.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.1M
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03 Fundraising $0.00
Program efficiency
97%
of spending reaches programs
Operating runway
4.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$43.7M
FY2021
Expenses
$41.6M
FY2021
Total assets
$30.2M
FY2021
Total liabilities
$8.0M
FY2021
Total revenue
$43.7M
Pt VIII · Ln 12
Total expenses
$41.6M
Pt IX · Ln 25
Net assets
$22.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.1M
Total assetsPt X · Ln 16$30.2M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

3 program services account for $39.0M of program spending, described in the organization's own filed words · FY2020.
01

Federal Contracts

Versability has government contracts at various federal installations throughout hampton roads and across the globe at which people with disabilities work alongside military and civilian personnel and earn competitive wages.

$25.9Mprogram expense
02

Community Living

Versability provides residential services in ten houses in hampton, newport news, and york county that provide a safe, supportive home for adults with disabilities. Staff provide direct support 24 hours a day, 365 days a year to ensure the safety and security of the home and assist with medical, personal, and social activities.

$9.5Mprogram expense
03

Employment Services

As 81% of people with disabilities in the hampton roads region are unemployed, we are an entrepreneurial organization with employment programs as our cornerstone. Versability provides a variety of employment options that offer a wealth of opportunities for people with disabilities.

$3.6Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVersability Resources INC
EINHdr · item D54-0802199
Principal addressHdr · item CHampton, VA
WebsiteHdr · item Jversability.org
Year of formationHdr · item L1953
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1967

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$236,242Pt VII · Sec A
$161,902Pt VII · Sec A
$138,365Pt VII · Sec A
$130,101Pt VII · Sec A
$116,652Pt VII · Sec A
$61,822Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Kathryn Grzelkowski$405,818$410,282$383,489$231,268$236,242
Renee' Rose$285,441$265,176$139,454
Renee Rose$280,805$116,652
Tammy Robbs$276,431$249,088$179,070$161,902
Linda Kerns$264,043$228,859$142,423$138,365
Joe Harrow$204,051
David Neary$194,310$183,491$163,292$106,722
Michael Tomchick$193,861

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$42.9M · 98%
Contributions & grants$685K · 2%
Program service revenue98%$42.9M
Contributions & grants2%$685K
Investment income$27K
Other revenue$63K
Total revenueLn 12$43.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03 Fundraising $0.00
Program services97%$40.3M
Management & general3%$1.2M
Fundraising$141K
Total functional expensesLn 25$41.6M

Balance Sheet

Part X · end of year
CashLn 1$16.2M
Total assetsLn 16$30.2M
Total liabilitiesLn 26$8.0M
Total net assetsLn 32$22.2M
Months of cash on handcomputed4.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $16.2M · Operating expenses (Pt IX) $41.6M · Less non-cash grants $32K · Cash operating expenses/yr $41.6M
4.7 months
Where the money goes
Program services
Program services $40.3M · Total expenses $41.6M
97%
Management & General
Management & general $1.2M · Total expenses $41.6M
3%
Fundraising
Fundraising $141K · Total expenses $41.6M
0%
Cost to raise $1
Fundraising expense $141K · Solicited contributions $685K
$0.21 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $685K · Total revenue $43.7M
2%
Government reliance
Government grants — · Total revenue $43.7M
Earned-income share
Program service revenue $42.9M · Total revenue $43.7M
98%
Investment reliance
Investment income $27K · Total revenue $43.7M
0%
Program self-sufficiency
Program service revenue $42.9M · Total expenses $41.6M
103%
Growth & trend
Revenue growth (YoY)
This year $43.7M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $22.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $43.7M · Expenses $41.6M
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $30.2M
Net-asset ratio
Net assets $22.2M · Total assets $30.2M
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $30.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kathryn Grzelkowski · Reported title PRES/CEO · Highest reported compensation $236K · Total expenses $41.6M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $23.9M · Total expenses $41.6M
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 21%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$17K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$65.7M revenue · ⤓ 990 PDF
FY2024$64.1M revenue · ⤓ 990 PDF
FY2023$59.2M revenue · ⤓ 990 PDF
FY2022$55.9M revenue · ⤓ 990 PDF
FY2021$43.7M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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