SCHENECTADY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VESTA COMMUNITY HOUSING DEVELOPMENT BOARD INC, founded in 1982, is a small nonprofit that reported $668K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $106K, a strong 16% operating margin.
TO HELP INDIVIDUALS RECOVER FROM THE DISEASE OF ALCOHOL AND DRUG ADDICTION. TO HELP EASE THE TRANSITION FROM CORRECTIONAL FACILITIES TO COMMUNITY LIVING, AND ASSIST THE INDIVIDUAL TO CONFRONT AND OVERCOME THE UNDERLYING PROBLEMS THAT TRIGGER AND SUSTAIN SUBSTANCE ABUSE AND OTHER SELF-DESTRUCTIVE BEHAVIORS. TO END THE CYCLE OF INCARCERATION AND RELAPSE, AND ASSIST THE INDIVIDUAL IN SUCCESSFUL AND CONSTRUCTIVE REENTRY INTO SOCIETY. IN SHORT, TO CREATE TAXPAYERS. WE CREATE TAXPAYERS BY SERVING PEOPLE WHO ARE AFFLICTED WITH CHEMICAL DEPENDENCIES; THOSE WHO ARE HOMELESS; AND THOSE UNPREPARED TO MAKE A SUCCESSFUL TRANSITION TO THE WORLD OF WORK AND GOOD CITIZENSHIP, RESPONSIBILITY, AND COMMUNITY REINTEGRATION.
VESTA BUYS REAL ESTATE AND LEASES IT ONLY TO NOT-FOR-PROFIT ORGANIZATIONS WHO PROVIDE HUMAN SERVICES. THESE TENANTS INCLUDE: 2 ALCOHOL REHABS, A DRUG-FREE RESIDENCE, AND AN OUTPATIENT CLINIC.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $668,265 | $1,999,686 | -0.7% |
| Expenses | $562,164 | $1,607,817 | -0.7% |
| Net Income | $106,101 | $391,869 | -0.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KEVIN LUIBRAND ESQ | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN GRAHAM | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PETER NEWKIRK | CEO & SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES MORRELL | DIRECTORS | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM BALFE | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KERRI BISHOP | DIRECTOR OF FINANCE | 2.00 |
Officer
|
$0 | $4,800 | $87,695 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $668,265 | $562,164 | $3,656,297 | $106,101 |
| 2022 | $1,999,686 | $1,607,817 | $3,464,159 | $391,869 |
| 2021 | $908,129 | $817,817 | $3,779,824 | $90,312 |
| 2020 | $688,698 | $757,468 | $4,135,808 | $-68,770 |
| 2019 | $634,422 | $733,800 | $4,166,340 | $-99,378 |
| 2018 | $644,566 | $782,285 | $4,899,022 | $-137,719 |
Compare VESTA COMMUNITY HOUSING DEVELOPMENT BOARD INC with other nonprofits in New York and across the country.