Versability Resources
Versability Resources reported $65.7 million in revenue and $62.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $95.83 went to program services, $3.62 to management and general costs and $0.55 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.2% of the total. The highest compensation it reported for one person was $429,774 (PRES/CEO). 17 people received more than $100,000 in reportable compensation. Revenue rose 45% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $63MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $66MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.8% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.6% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.5% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.36 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.5% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 97.2% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $429,774 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.68% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 17 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.4 | 6.8 |
| Independent voting board members Part VI 1a–1b | 17 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseCommunity living- Versability Resources provides residential services in eight homes throughout hampton, newport news, and york county that provide a safe, supportive home for adults with disabilities. Our homes are unique in that they offer a variety of leisure and recreation activities. Staff develop monthly activity calendars with input from the residents that emphasizes community engagement at its core. We work directly with people seeking housing support, aging parents needing assistance for their children, families who plan to move their loved ones out of an institution, or those who…
Employment services-Versability Resources creates employment opportunities for people of all abilities, including those with disabilities. We offer jobs and career opportunities based on professional interests and personal goals. In addition to the pride, dignity, and independence that comes with earning ones own wages, consistent work allows people with disabilities to improve their health by engaging in ongoing physical activity and regular social interaction. We are a leader in federal contracts that employ people with disabilities and boast a supported employment program that provides job…
Federal contracts- Versability Resources has multiple government contracts at various installations throughout hampton roads and across the nation where people with disabilities work alongside military personnel and earn competitive wages. These unique and challenging jobs include manufacturing eyeglasses, administration, distributing military mail, maintaining grounds in high visibility areas, custodial, assisting with food preparation and distribution, and versability is the prime contractor for loading food on ships for the navy at numerous locations nationwide, which amounts to more than…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRES/CEO Officer, 56.00 hrs/week | $405,818 | $0 | $23,956 | $429,774 |
| COO Officer, 45.00 hrs/week | $280,805 | $0 | $21,660 | $302,465 |
| VP OF GOVERNMENT CONTRACTS Key employee, 45.00 hrs/week | $194,310 | $0 | $9,672 | $203,982 |
| CCLO - TERM 6/30/2024 Former, 40.00 hrs/week | $193,299 | $0 | $9,665 | $202,964 |
| CFO - BEGIN 3/4/2024 Officer, 52.00 hrs/week | $193,861 | $0 | $0 | $193,861 |
| CONTROLLER Highest compensated employee, 40.00 hrs/week | $161,351 | $0 | $15,323 | $176,674 |
| CFO - TERM 6/30/2024 Former, 40.00 hrs/week | $162,552 | $0 | $12,936 | $175,488 |
| VP OF COMMUNITY LIVING Key employee, 64.00 hrs/week | $153,275 | $0 | $15,062 | $168,337 |
17 people received more than $100,000 in reportable compensation from Versability Resources (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.1M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 17 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5838
- Volunteers Part I, line 665
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| CHALLENGE ENTERPRISES Subcontractors on abilityone contracts | $2,349,269 |
| NORTHWEST CENTER Subcontractors on abilityone contracts | $2,026,852 |
| SOURCEAMERICA Contract facilitator | $1,572,272 |
| POSTMASTERS Subcontractors on abilityone contracts | $1,471,233 |
| MINOT VOCATIONAL Subcontractors on abilityone contracts | $722,017 |
Individuals listed as contractors are left out. 28 contractors were paid more than $100,000 in all.
Private foundation grants it received
5 private foundations reported grants to Versability Resources totaling $68,062 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Versability Resources's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Versability Resources, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Versability Resources spent in FY2025, $95.83 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Versability Resources's spending goes to programs?
In the fiscal year ending June 30, 2025, Versability Resources reported that 95.8% of its $62.9 million in expenses went to program services, 3.6% to management and general and 0.5% to fundraising (Form 990, Part IX).
How much does Versability Resources pay its top executive?
The largest total compensation Versability Resources reported for one person in the fiscal year ending June 30, 2025 was $429,774, for the role of PRES/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Versability Resources get its money?
Of $65.7 million in revenue in the fiscal year ending June 30, 2025, 1.5% came from contributions and grants and 97.2% from program service revenue (Form 990, Part VIII).
Is Versability Resources a registered charity?
The IRS lists EIN 54-0802199 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202600139349302125 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202443529349300024 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202343189349309164 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202223129349301862 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202103079349302465 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202043109349302204 · read the filing
All filings for EIN 54-0802199: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.