Vestal Hills Memorial Park Association Inc is located in Houston, TX. The organization was established in 1942. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vestal Hills Memorial Park Association Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Vestal Hills Memorial Park Association Inc generated $716.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $838.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CEMETERY PROPERTY AND SERVICES TO THE PUBLIC ON BOTH A PRE-NEED AND AT-NEED BASIS AND MAINTAINING THE PROPERTY INTO PERPETUITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VESTAL HILLS MEMORIAL PARK ASSOCIATION PROVIDES CEMETERY AND BURIAL SERVICES TO THOSE IN NEED ON A NONPROFIT BASIS IN ACCORDANCE WITH SECTION 501(C)(13).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
J Bradley Green Chief Executive Officer | OfficerTrustee | 1 | $0 |
Jay Dodds President And COO | Officer | 1 | $0 |
Jennifer Hay General Counsel | OfficerTrustee | 1 | $0 |
Daniel Milliett Chief Financial Officer | OfficerTrustee | 1 | $0 |
William C Passodelis Vice President Operations | OfficerTrustee | 8 | $0 |
W Clark Harlow SVP Oper. Finance/acct | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $26,684 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $544,204 |
Miscellaneous Revenue | $0 |
Total Revenue | $715,950 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $393,166 |
Pension plan accruals and contributions | $68,470 |
Other employee benefits | $75,183 |
Payroll taxes | $29,722 |
Fees for services: Management | $0 |
Fees for services: Legal | $26,685 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,466 |
Advertising and promotion | $574 |
Office expenses | $9,154 |
Information technology | $2,047 |
Royalties | $0 |
Occupancy | $102,159 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $2,180 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $74,070 |
Insurance | $6,144 |
All other expenses | $0 |
Total functional expenses | $838,160 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,308,880 |
Pledges and grants receivable | $0 |
Accounts receivable, net | -$2,747 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,206,817 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,193,171 |
Investments—publicly traded securities | $0 |
Investments—other securities | $5,631,680 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $115,931 |
Total assets | $9,453,732 |
Accounts payable and accrued expenses | -$24,549 |
Grants payable | $0 |
Deferred revenue | -$93,572 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $7,404,114 |
Total liabilities | $7,285,993 |
Net assets without donor restrictions | $2,167,739 |
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 | $9,453,732 |