Villa Veritas Foundation Inc
- Assets
- $1.6m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 60
- Location
- Kerhonkson, NY
- Founding
- 02/2012
- Data as of
- 06/2020
- 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 06/2021, Villa Veritas Foundation Inc employed 60 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 06/2020, Villa Veritas Foundation Inc generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $4.1m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. 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
2020
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:
Part 3 - Line 4a
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 |
|---|---|---|---|
Geraldine Maniaci Dir Of Nursing | 40 | $103,955 | |
Shana Soares Attorney/treasurer | 40 | $103,955 | |
Suzanne B Cusack Director | Officer | 40 | $33,800 |
Harry Farrell Director | Trustee | 0.25 | $0 |
Donald Weidemann Director | Trustee | 0.25 | $0 |
John Curtiss Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $932,431 |
| Investment income | $1,112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,825 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,556 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,185,180 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $2,101,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $219,015 |
| Payroll taxes | $192,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,129 |
| Fees for services: Accounting | $59,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,235 |
| Office expenses | $175,379 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $202,784 |
| Travel | $29,864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,011 |
| Interest | $15,680 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,550 |
| Insurance | $114,297 |
| All other expenses | $0 |
| Total functional expenses | $4,126,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,129 |
| Savings and temporary cash investments | $69,264 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $237,919 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,046 |
| Prepaid expenses and deferred charges | $29,403 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,572 |
| Total assets | $1,594,672 |
| Accounts payable and accrued expenses | $423,046 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $51,333 |
| Other liabilities | $0 |
| Total liabilities | $474,379 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,120,293 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Villa Veritas Foundation Inc has recieved totaling $6,106.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,018 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $88 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lower Eastside Service Center Inc New York, NY | $18,518,556 | $19,028,125 |
Victory Programs Inc Boston, MA | $13,484,459 | $20,494,134 |
Net Treatment Services Inc Philadelphia, PA | $7,104,223 | $17,590,215 |
John Brooks Recovery Center A New Jersey Nonprofit Corporation Pleasantville, NJ | $23,277,544 | $17,818,306 |
National Association On Drug Abuse Problems New York State Inc New York, NY | $7,722,509 | $16,122,188 |
New Hope Integrated Behavioral Health Care Marlboro, NJ | $14,997,525 | $18,658,618 |
Southwest Behavioral Care Inc Charleroi, PA | $4,655,693 | $16,384,731 |
Maryville Inc Turnersville, NJ | $11,477,479 | $15,455,103 |
Merakey Parkside Recovery Lafayette Hill, PA | $6,334,030 | $14,518,954 |
Horizon House Inc Philadelphia, PA | $38,584,419 | $28,628,800 |
Midwestern Connecticut Council Of Alcoholism Inc Danbury, CT | $14,682,588 | $14,280,578 |
Connecticut Renaissance Inc Shelton, CT | $3,197,741 | $13,899,862 |