Versability Resources INC: FY2024 Nonprofit Profile & Form 990 (EIN 54-0802199)

Revenue by fiscal year
FY2021	$43.7M
FY2022	$55.9M
FY2023	$59.2M
FY2024	$64.1M
FY2025	$65.7M

Expenses by fiscal year
FY2021	$41.6M
FY2022	$48.8M
FY2023	$52.8M
FY2024	$59.0M
FY2025	$62.9M

Net assets by fiscal year
FY2021	$22.2M
FY2022	$29.3M
FY2023	$35.6M
FY2024	$40.7M
FY2025	$43.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1967.

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

Where the money goes

96 cents of each dollar spent went to programs.

96%

Program services 96% · $56.8M Management & general 3% · $1.8M Fundraising 1% · $411K

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

31 people listed on the 990; $2.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Kathryn Grzelkowski

Pres/CEO

$410,282Pt VII · Sec A

Renee' Rose

COO

$285,441Pt VII · Sec A

Tammy Robbs

CFO

$276,431Pt VII · Sec A

Linda Kerns

Cclo

$264,043Pt VII · Sec A

Joe Harrow

Cdmo

$204,051Pt VII · Sec A

David Neary

Director Govcon

$183,491Pt VII · Sec A

Mike Godwin

Chro

$170,241Pt VII · Sec A

Bettie Hill

Controller

$160,783Pt VII · Sec A

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

Name	FY2025	FY2024	FY2023	FY2022	FY2021
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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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 15aYes

Programs and updates

Provides employment, housing, and support services to help people with disabilities live fulfilling lives.

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Provided by the organization

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3 programs · $54.1M · in their own filed words · FY2023

01

Federal contracts- versability resources has 12 government contracts at various installations throughout hampton roads and across the nation where people with disabilities work alongside military personnel and earn competitive wages.

$41.0Mprogram expense

02

Community living- versability resources provides residential services in eight homes throughout hampton, newport news, and york county that provide a safe, supportive home for adults with disabilities. Our homes are unique in that they offer a variety of leisure and recreation activities.

$9.7Mprogram expense

03

Employment services-versability resources creates employment opportunities for people of all abilities, including those with disabilities. We offer jobs and career opportunities based on professional interests and personal goals.

$3.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

Langley for Families - the Foundation of LfcuFY2025$17K

Total grants receivedfrom 1 funder$17K

By the numbers

The FY2024 990, line by line.

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1The main four

Money inPt VIII

$64.1M

Ln 12

Fees for servicesLn 2g$62.3M

Investment incomeLn 3$1.0M

Gifts and grantsLn 1h$738K

Money outPt IX

$59.0M

Ln 25

Programscol B$56.8M

Managementcol C$1.8M

Fundraisingcol D$411K

Owns and owesPt X

$40.7M

net assets · Ln 32

Cash and savingsLn 1–2$28.2M

Total assetsLn 16$51.4M

LiabilitiesLn 26$10.7M

PeoplePt VI, VII

31

listed · VII A

PaidVII A12

Voting boardVI 1a19

IndependentVI 1b19

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$738K

Government grantsLn 1e$137K

Noncash giftsLn 1g$4K

Fundraising eventsLn 1c$158K

Fees for servicesLn 2g$62.3M

Investment incomeLn 3$1.0M

Other incomeLn 4–11$1K

Gains on assetsLn 7$5K

Total revenueLn 12$64.1M

Assets in detailPt X, end of year

CashLn 1$17.1M

SavingsLn 2$11.1M

Cash and savings togetherLn 1–2$28.2M

Land, buildings, equipmentLn 10c$8.4M

Other assetsLn 15$1.6M

Total assetsLn 16$51.4M

LiabilitiesLn 26$10.7M

Net assetsLn 32$40.7M

OperationsPt I, VI

EmployeesI 5843

VolunteersI 648

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$23.4M	$28.2M
Land, buildings, equipmentLn 10c	$8.2M	$8.4M
Total assetsLn 16	$47.2M	$51.4M
LiabilitiesLn 26	$11.5M	$10.7M
Net assetsLn 32	$35.6M	$40.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$1.3M	$552K	$709K	$48K
Other salaries and wagesLn 7	$28.4M	$25.8M	$2.5M	$145K
Pension plan contributionsLn 8	$701K	$619K	$76K	$5K
Other employee benefitsLn 9	$4.0M	$3.6M	$354K	$17K
Payroll taxesLn 10	$2.3M	$2.1M	$211K	$12K
Legal feesLn 11b	$53K		$53K
Accounting feesLn 11c	$64K		$64K
Other fees for servicesLn 11g	$14.0M	$13.8M	$175K	$52K
Advertising and promotionLn 12	$171K		$171K
Office expensesLn 13	$309K	$155K	$154K	$128
Information technologyLn 14	$882K	$156K	$710K	$16K
OccupancyLn 16	$974K	$774K	$200K	$119
TravelLn 17	$108K	$94K	$13K	$769
InterestLn 20	$187K	$154K	$32K
Depreciation, depletion and amortizationLn 22	$1.0M	$800K	$215K	$3K
InsuranceLn 23	$327K	$266K	$61K
Other expenses (24a–d)Ln 24	$3.4M	$7.7M	−$4.4M	$79K
All other expensesLn 24e	$821K	$213K	$576K	$31K
Total functional expensesLn 25	$59.0M	$56.8M	$1.8M	$411K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$65.7M	$62.9M	$2.9M	$43.9M	990 PDF
FY2024 Viewing	$64.1M	$59.0M	$5.1M	$40.7M	990 PDF
FY2023	$59.2M	$52.8M	$6.3M	$35.6M	990 PDF
FY2022	$55.9M	$48.8M	$7.1M	$29.3M	990 PDF
FY2021	$43.7M	$41.6M	$2.1M	$22.2M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $64,050,946 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $674,185$738,370

I-9 Program service revenuePrior year $57,913,899$62,307,661

I-10 Investment incomePrior year $434,225$1,003,891

I-11 Other revenuePrior year $158,682$1,024

I-12 Total revenuePrior year $59,180,991$64,050,946

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 $34,577,739$36,719,092

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

I-17 Other expensesPrior year $18,261,008$22,272,953

I-18 Total expensesPrior year $52,838,747$58,992,045

I-19 Revenue less expensesPrior year $6,342,244$5,058,901

Part VI · Governance 19 of 19 board members independent, no flags

VI-1a Voting members of the governing body19

VI-1b Independent voting members19

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

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

Part VIII · Statement of revenue $64,050,946 across 13 lines filed

Lines not itemized here account for $54,846 of total revenue; see the IRS return.

VIII-1a Federated campaigns$5,606

VIII-1b Membership dues$118,300

VIII-1c Fundraising events$157,803

VIII-1e Government grants$136,787

VIII-1f All other contributions, gifts and grants$319,874

VIII-1g Noncash contributions (included above)$4,367

VIII-1h Total contributions, gifts and grants$738,370

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $62,252,815$62,252,815

VIII-3 Investment incomeExcluded from tax $998,707$998,707

VIII-6 Net rental income or lossExcluded from tax $40,534$40,534

VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,184$5,184

VIII-8 Net income from fundraising eventsExcluded from tax −$39,510−$39,510

VIII-12 Total revenueRelated to mission $62,307,661 · Unrelated business $0 · Excluded from tax $1,004,915$64,050,946

Part IX · Statement of functional expenses $58,992,045 across 18 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $552,239 · Management $709,455 · Fundraising $47,961$1,309,655

IX-7 Other salaries and wagesPrograms $25,757,654 · Management $2,468,134 · Fundraising $144,928$28,370,716

IX-8 Pension plan contributionsPrograms $618,917 · Management $76,498 · Fundraising $5,339$700,754

IX-9 Other employee benefitsPrograms $3,627,634 · Management $354,199 · Fundraising $17,154$3,998,987

IX-10 Payroll taxesPrograms $2,115,071 · Management $211,464 · Fundraising $12,445$2,338,980

IX-11b Legal feesManagement $53,247$53,247

IX-11c Accounting feesManagement $64,244$64,244

IX-11g Other fees for servicesPrograms $13,769,747 · Management $174,905 · Fundraising $52,481$13,997,133

IX-12 Advertising and promotionManagement $171,328$171,328

IX-13 Office expensesPrograms $154,711 · Management $154,092 · Fundraising $128$308,931

IX-14 Information technologyPrograms $156,285 · Management $709,623 · Fundraising $15,808$881,716

IX-16 OccupancyPrograms $773,748 · Management $199,985 · Fundraising $119$973,852

IX-17 TravelPrograms $94,290 · Management $13,026 · Fundraising $769$108,085

IX-20 InterestPrograms $154,214 · Management $32,450$186,664

IX-22 Depreciation, depletion and amortizationPrograms $800,242 · Management $215,420 · Fundraising $3,203$1,018,865

IX-23 InsurancePrograms $265,865 · Management $61,411$327,276

IX-24 Other expenses (24a–d)Programs $7,729,110 · Management −$4,447,628 · Fundraising $79,429$3,360,911

IX-24e All other expensesPrograms $213,437 · Management $576,197 · Fundraising $31,067$820,701

IX-25 Total functional expensesPrograms $56,783,164 · Management $1,798,050 · Fundraising $410,831$58,992,045

Part X · Balance sheet $51,398,263 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $15,494,690$17,088,892

X-2 Savings and temporary cash investmentsStart of year $7,877,773$11,073,444

X-3 Pledges and grants receivableStart of year $200,028$30,608

X-4 Accounts receivableStart of year $12,997,394$12,283,180

X-8 Inventories for sale or useStart of year $8,040$8,040

X-9 Prepaid expenses and deferred chargesStart of year $343,660$482,877

X-10c Land, buildings and equipment, netStart of year $8,209,792$8,369,042

X-14 Intangible assetsStart of year $469,458$442,503

X-15 Other assetsStart of year $1,586,544$1,619,677

X-16 Total assetsStart of year $47,187,379$51,398,263

X-17 Accounts payable and accrued expensesStart of year $6,620,903$6,223,164

X-25 Other liabilitiesStart of year $1,513,639$1,539,685

X-26 Total liabilitiesStart of year $11,538,988$10,690,971

X-27 Net assets without donor restrictionsStart of year $35,470,986$40,678,292

X-28 Net assets with donor restrictionsStart of year $177,405$29,000

X-32 Total net assets or fund balancesStart of year $35,648,391$40,707,292

X-33 Total liabilities and net assetsStart of year $47,187,379$51,398,263

Part XI · Reconciliation of net assets $40,707,292 net assets at year end

XI-1 Total revenue$64,050,946

XI-2 Total expenses$58,992,045

XI-3 Revenue less expenses$5,058,901

XI-4 Net assets at start of year$35,648,391

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$40,707,292

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Versability Resources INC FY2024 filing

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