Vinfen Corporation
89% goes to programs $11 to raise $100 Growing revenue
Vinfen Corporation is a 501(c)(3) organization based in Cambridge, Massachusetts, registered in 1978, with $250,042,801 in FY2023 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
950 Cambridge St, Cambridge, MA, 02141 EIN 04-2632219 Since 1978
Revenue (FY2023)
$250.0M
▲ 8.9% vs prior year
Human Services median: $293K
Expenses (FY2023)
$242.8M
Net assets
$74.5M
Employees
3,320
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating89% to programs · $11 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Vinfen Corporation: 89% to programs · $11 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Vinfen Corporation: 4 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Vinfen Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Vinfen Corporation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Vinfen corporation ("vinfen") transforms lives by building the capacity of individuals, families, organizations and providing communities to learn, thrive, and achieve their goals. our services promote the recovery, resiliency, habilitation and self-determination of the people we serve. as a human service leader, we strive to be the provider, employer, and partner of choice.
What they do
Developmental disability services deliver an array of services for persons with disabilities through operation of group homes, supported housing, outreach, work skills and employment training.
The innovation team provides a variety of innovative service delivery models to clients who receive vinfen services. these initiatives include health outcomes research studies conducted in collaboration with dartmouth's geisel school of medicine and massachusetts general hospital; health integration grants funded by the centers for medicaid and medicare innovation (cmmi) and the blue cross blue shield foundation of massachusetts; and implementation of the medicaid one care initiative in partnership with commonwealth care alliance. an additional focus of the innovation team is the expansion and integration of technology into the delivery of integrated health services for individuals with psychiatric conditions.
Contact & location
- Address
- 950 Cambridge St, Cambridge, MA, 02141
- City
- Cambridge
- State
- Massachusetts
- Category
- Human Services
- Subcategory
- Services for Specific Populations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $116.8M (FY2013) to $250.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $107.8MNet assets $74.5M
Operating margin
2.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$182.3M
Total liabilities
$107.8M
Net assets
$74.5M
Salaries & benefits
$172.0M
71% of expenses
Board members
7
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $250,042,801▲8.9% | $242,830,217▲8.8% | $74,469,595▲6.2% | $182,308,359▲2.1% | 990 |
| 2022 | $229,665,666▲12.3% | $223,246,004▲11.8% | $70,124,670▲10.1% | $178,644,934▲22.2% | 990 |
| 2021 | $204,579,844▲6.9% | $199,760,492▲7.2% | $63,705,008▲8.2% | $146,241,335▲1.4% | 990 |
| 2020 | $191,298,897▲6.9% | $186,426,271▲7.1% | $58,885,656▼2.4% | $144,286,269▲5.1% | 990 |
| 2019 | $179,025,536▲6.5% | $174,136,130▲7.0% | $60,357,972▲9.4% | $137,265,038▲7.8% | 990 |
| 2018 | $168,160,114▲20.3% | $162,697,827▲18.9% | $55,175,233▲7.3% | $127,336,872▲34.0% | 990 |
| 2017 | $139,735,246▲4.4% | $136,809,512▲5.1% | $51,426,755▲6.0% | $95,050,563▲0.3% | 990 |
| 2016 | $133,807,740▲3.5% | $130,179,000▲3.7% | $48,501,021▲8.1% | $94,758,523▲7.8% | 990 |
| 2015 | $129,268,264▲3.4% | $125,544,305▲3.7% | $44,872,281▲9.1% | $87,931,145▲3.7% | 990 |
| 2014 | $125,059,791▲7.1% | $121,115,251▲6.5% | $41,148,322▲10.6% | $84,780,598▲8.6% | 990 |
| 2013 | $116,766,543 | $113,769,742▲6.8% | $37,203,782▲11.0% | $78,085,063▲9.7% | 990 |
| 2012 | — | $106,523,190▲6.2% | $33,528,889▲9.3% | $71,209,261▲2.5% | 990 |
| 2011 | — | $100,336,873▲3.9% | $30,675,242▲8.1% | $69,447,463▲5.4% | 990 |
| 2010 | — | $96,553,357▲6.9% | $28,384,394▲33.5% | $65,916,334▲20.8% | 990 |
| 2009 | — | $90,342,120 | $21,268,467 | $54,560,364 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Jean Yang — $578,761 (0.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jean Yang | Director, President & Ceo | 31 | $578,761 |
| Donald P Condie | Medical Director | 40 | $362,659 |
| Jeanne Russo | Coo | 40 | $293,836 |
| Annette Kovamees | Cfo & Treasurer (as of 4/1/24) | 31 | $290,085 |
| Peggy Johnson | Chief Medical Officer | 40 | $247,059 |
| Kimberly Shellenberger | Chief Strategy Officer | 40 | $240,470 |
| Jonathan Burt | Chief Info. & Tech. Officer | 40 | $235,858 |
| Lurleen Gannon | Assistant Clerk | 39.5 | $233,277 |
| Joseph F Gomes | Sr. Vp, Ds Services | 40 | $230,734 |
| Eileen C Reilly | Psychiatrist | 40 | $229,004 |
| Elizabeth Cella | Sr. Vp, Psych Rehab | 40 | $211,929 |
| Richard F Sullivan | Former Cfo & Treasurer | 0 | $123,033 |
| C Allen Ashley | Director, Clerk | 1.2 | — |
| Giuseppe Raviola | Director (thru 9/21/23) | 0.8 | — |
| Ipek Demirsoy | Director (as of 9/21/23) | 0.8 | — |
| Maren Batalden | Director (as of 9/21/23) | 0.8 | — |
| Padmaja Raman | Director | 0.8 | — |
| Paul Zintl | Director | 1 | — |
| Philip A Mason | Director, Chair | 1.6 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Commonwealth Solutions LLC | Direct Care Staffing | $6,715,325 |
| Moonhill Home Care LLC | Direct Care Staffing | $2,984,635 |
| Swift Staffing Agency | Direct Care Staffing | $2,479,507 |
| J & F Construction | Construction Services | $2,262,957 |
| Amergis Staffing Solutions | Direct Care Staffing | $1,477,313 |
Grants received · $7.8M total
59 grants to Vinfen Corporation totaling $7.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Boston Medical Center Corporation | Subaward | 2023 | $614,613 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $35,370 |
| Boston Foundation Inc | Operating support/annual fund | 2023 | $25,904 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $25,000 |
| Donor Advised Charitable Giving | Human services | 2023 | $24,400 |
| Vermont Community Foundation | General purpose | 2023 | $10,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $8,500 |
| Boston Medical Center Corporation | Subaward | 2022 | $1,032,996 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $90,650 |
| The Chicago Community Trust | $20,000 support for the gateway arts projects and $25,000 for general operating support, technology and innovation fund | 2022 | $50,000 |
| Commonwealth Care Alliance Inc | Host sponsorship | 2022 | $20,000 |
| Boston Foundation Inc | Operating support/annual fund | 2022 | $18,795 |
| Donor Advised Charitable Giving | Human services | 2022 | $12,150 |
| Boston Medical Center Corporation | Subaward | 2021 | $258,717 |
| The Chicago Community Trust | General operating support for gateway arts. support of digital literacy. | 2021 | $95,000 |
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Frequently asked questions
- Is Vinfen Corporation a legitimate nonprofit?
- Yes. Vinfen Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2632219, based in Cambridge, Massachusetts. Donations are tax-deductible.
- What is Vinfen Corporation's EIN?
- Vinfen Corporation's Employer Identification Number (EIN) is 04-2632219.
- How much revenue does Vinfen Corporation report?
- Vinfen Corporation reported $250,042,801 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Vinfen Corporation's spending goes to programs?
- Vinfen Corporation spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Vinfen Corporation have?
- CharityIndex grades Vinfen Corporation A, based on program efficiency and fundraising cost.
- How much does Vinfen Corporation's highest-paid employee make?
- The highest reported compensation on Vinfen Corporation's latest Form 990 is $578,761, paid to Jean Yang (Director, President & Ceo).
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Explore more
Data for Vinfen Corporation (EIN 04-2632219) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.