Villa Veritas Foundation Inc
- Assets
- $1.5m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 61
- Location
- Kerhonkson, NY
- Founding
- 02/2012
- Data as of
- 06/2022
- EIN
- 27-4202015
Organization Overview
Villa Veritas Foundation Inc is located in Kerhonkson, NY. The organization was established in 2012. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Villa Veritas Foundation Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Villa Veritas Foundation 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 06/2022, Villa Veritas Foundation Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE VILLA IS TO PROVIDE COMPASSIONATE, INTERDISCIPLINARY CHEMICAL DEPENDENCY TREATMENT AND CONDUCT EDUCATIONAL PROGRAMS TO MEET INTERNAL AND EXTERNAL NEEDS.
Describe the Organization's Program Activity:
ALCOHOL & DRUG REHABILITATION - STAFF WORK IN PAID POSITIONS TO PROVIDE ALCOHOL & CHEMICAL DEPENDENCY TREATMENT AND CONDUCT EDUCATIONAL PROGRAMS REGARDING ADDICTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne B Cusack Director | Officer | 40 | $34,450 |
Harry Farrell Director | Trustee | 0.25 | $0 |
Donald Weidemann Director | Trustee | 0.25 | $0 |
John Curtiss Director | Trustee | 0.25 | $0 |
Geraldine Maniaci Dir Of Nursing | 40 | $104,045 | |
Shana Soares Attorney | 40 | $104,045 |
Financial Statements
| 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 | $717,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $717,596 |
| Total Program Service Revenue | $2,485,104 |
| Investment income | $222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,377 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,623 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,841,575 |
| 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. | $33,800 |
| Compensation of current officers, directors, key employees. | $6,422 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,831,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $134,786 |
| Payroll taxes | $164,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,104 |
| Fees for services: Accounting | $88,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $70,484 |
| Office expenses | $90,438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $421,284 |
| Travel | $27,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,050 |
| Interest | $27,254 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,022 |
| Insurance | $143,701 |
| All other expenses | $48,294 |
| Total functional expenses | $3,838,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,079 |
| Savings and temporary cash investments | $580,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $295,563 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,366 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,473,445 |
| Accounts payable and accrued expenses | $346,811 |
| Grants payable | $0 |
| Deferred revenue | $18,449 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $206,200 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $216,335 |
| Other liabilities | $0 |
| Total liabilities | $787,795 |
| Net assets without donor restrictions | $685,650 |
| 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 | $1,473,445 |