Vesta Inc
- Assets
- $93.5m
- Revenue
- $23.8m
- Investments
- $0.0
- Employees
- 289
- Location
- Lanham, MD
- Founding
- 06/1983
- Data as of
- 06/2021
- EIN
- 52-1275072
Organization Overview
Vesta Inc is located in Lanham, MD. The organization was established in 1983. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2021, Vesta Inc employed 289 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vesta Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Vesta Inc generated $23.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $14.6m during the year ending 06/2021. While expenses have increased by 0.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Vesta Inc has awarded 12 individual grants totaling $111,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER PEOPLE TO ACHIEVE SELF-DETERMINATION. TO ENHANCE AND ENRICHTHEIR LIVES IN THE COMMUNITY. TO BE PROACTIVE IN WORKING WITHINDIVIDUALS, FAMILIES, AND ORGANIZATIONS. TO PROMOTE UNDERSTANDING ANDINCLUSION FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRE-VOCATIONAL SERVICES
HOUSING AND RESIDENTIAL SERVICES
CLINIC
CASE MANAGEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jignesh Dalal CEO | Officer | 40 | $221,823 |
Ruth Green COO | Officer | 40 | $173,182 |
Uchechukwu Ifeji Nurse Practitioner | 40 | $142,118 | |
Stephen Brobbey Nurse Practitioner | 40 | $138,482 | |
Tracy Vickers Regional Director | 40 | $120,329 | |
Steven Gorozdos Montgomery Regional Director | 40 | $119,822 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Helen Lann Psychiatrist | 6/29/20 | $128,636 |
Helen Lann Psychiatrist | 6/29/20 | $128,636 |
Vicente Figueroa Psychiatrist | 6/29/20 | $113,146 |
Vicente Figueroa Psychiatrist | 6/29/20 | $113,146 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $470,157 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $482,307 |
| Total Program Service Revenue | $17,139,737 |
| Investment income | $1,450,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $226,871 |
| Net Gain/Loss on Asset Sales | $4,540,833 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,840,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,875 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $375,772 |
| Compensation of current officers, directors, key employees. | $64,272 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,372,566 |
| Pension plan accruals and contributions | $586,430 |
| Other employee benefits | $585,798 |
| Payroll taxes | $649,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,288 |
| Fees for services: Accounting | $33,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $250,808 |
| Information technology | $289,184 |
| Royalties | $0 |
| Occupancy | $1,245,782 |
| Travel | $60,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,872 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $387,481 |
| Insurance | $201,633 |
| All other expenses | $17,847 |
| Total functional expenses | $14,601,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,291,003 |
| Savings and temporary cash investments | $12,196,983 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,944,558 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $611,650 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,751,314 |
| Investments—publicly traded securities | $69,871,376 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $801,257 |
| Total assets | $93,468,141 |
| Accounts payable and accrued expenses | $2,078,595 |
| Grants payable | $0 |
| Deferred revenue | $101,267 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $60,301 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,240,163 |
| Net assets without donor restrictions | $91,227,978 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $93,468,141 |
Grants Awarded
Over the last fiscal year, Vesta Inc has awarded $111,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: GENERAL PURPOSES | $20,000 |
West Nyack, NY PURPOSE: GENERAL PURPOSES | $20,000 |
Capitol Heights, MD PURPOSE: GENERAL PURPOSES | $10,000 |
Clearwater, FL PURPOSE: GENERAL PURPOSES | $10,000 |
Riverdale, MD PURPOSE: GENERAL PURPOSES | $10,000 |
Silver Spring, MD PURPOSE: GENERAL PURPOSES | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vesta Inc has recieved totaling $25,200.
| Awarding Organization | Amount |
|---|---|
Primary Care Coalition Of Montgomery County Md Inc Silver Spring, MD PURPOSE: NEXUS MONTGOMERY | $25,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carson Valley Childrens Aid Flourtown, PA | $24,192,030 | $32,761,030 |
George Junior Republic In Pennsylvania Grove City, PA | $4,947,842 | $18,297,642 |
Merakey Allos Lafayette Hill, PA | $3,421,196 | $27,421,844 |
Erie Homes For Children And Adults Inc Erie, PA | $15,104,282 | $26,754,599 |
Penn Mar Organization Inc Freeland, MD | $14,753,991 | $21,544,690 |
Community Multi Services Inc Silver Spring, MD | $5,493,685 | $18,375,750 |
Pathway Homes Inc Fairfax, VA | $26,877,670 | $17,405,193 |
Vesta Inc Lanham, MD | $93,468,141 | $23,840,166 |
Training Toward Self Reliance Inc Parker, PA | $5,355,032 | $14,248,792 |
Bethany Home Inc Womelsdorf, PA | $3,191,458 | $12,737,144 |
Community Council For Mental Health & Mental Retardation Inc Philadelphia, PA | $8,350,811 | $11,642,848 |
Fidelity Resources Incorporated Towson, MD | $5,393,131 | $13,537,052 |