Overview
What is Vesta Community Housing Development Board Inc?
Vesta Community Housing Development Board Inc is a nonprofit organization based in Schnectady, New York, specifically at 428 Duane Avenue. Their primary mission is to provide suitable housing facilities for various community service programs and low-income tenants. Among their tenants, you'll find alcohol rehabilitation centers, drug-free residences, and an outpatient clinic, all dedicated to offering support services for individuals dealing with substance abuse issues. Their goal is to help individuals recover from alcohol and drug addiction, ease their transition from correctional facilities to community living, and provide a supportive environment for them to address and overcome the underlying challenges that contribute to substance abuse and other self-destructive behaviors. In essence, Vesta Community Housing Development Board Inc aims to break the cycle of incarceration and relapse, enabling individuals to successfully reintegrate into society and become productive members.
Official website here: www.pyhit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
Vesta Community Housing Development Board Inc has received a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid commitment to accountability and financial management. With an overall score of 81%, the evaluation is solely based on the charity's Accountability & Finance metrics, indicating a robust structure in these areas.
The organization demonstrates strengths in governance, highlighted by having an entirely independent board and comprehensive policies in place such as conflict of interest and whistleblower protections. Additionally, the charity achieves a high program expense ratio of 94.90%, suggesting that the vast majority of its funds are directed towards its programs rather than administrative costs.
However, while the financial indicators are strong, the score's reliance on a single beacon means there is limited insight into other operational aspects that could impact overall effectiveness. Future assessments may benefit from a broader evaluation of the charity’s impact and program outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Vesta Community Housing Development Board Inc legitimate?
Vesta Community Housing Development Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vesta Community Housing Development Board Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pyhit.org
What is the mission statement of Vesta Community Housing Development Board Inc?
Vesta Community Housing Development Board Inc's mission is centered around assisting individuals in recovering from substance abuse issues, specifically alcohol and drug addiction. The organization aims to facilitate a smooth transition from correctional facilities to community living. By addressing and overcoming the underlying problems that trigger and sustain substance abuse, Vesta Community Housing Development Board Inc aims to break the cycle of incarceration and relapse. Their ultimate goal is to help individuals successfully re-enter society as responsible and contributing members, thereby contributing to the creation of taxpayers. The organization serves individuals struggling with chemical dependencies, homelessness, and those unprepared for the workforce, promoting community reintegration.
Official website here: www.pyhit.org
Who is the CEO of Vesta Community Housing Development Board Inc?
Peter Newkirk is the President of Vesta Community Housing Development Board Inc. The CEO's salary of Vesta Community Housing Development Board Inc is $0 and their total compensation is $0.
Official website here: www.pyhit.org
What is the revenue of Vesta Community Housing Development Board Inc?
Vesta Community Housing Development Board Inc's revenue in 2022 was $1,999,686.
Official website here: www.pyhit.org
Who are the executives of Vesta Community Housing Development Board Inc and what are their salaries?
There 5 volunteers at Vesta Community Housing Development Board Inc.
Here are 7 key members and their salaries (Vesta Community Housing Development Board Inc's CEO's salary is $0 and their total compensation is $0):
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $31,107
- Other: $2,100
- Compensation: $0
- Related: $10,322
- Other: $0
Official website here: www.pyhit.org
Where can I find the form 990 for Vesta Community Housing Development Board Inc?
Vesta Community Housing Development Board Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pyhit.org
Learn more at the official website: www.pyhit.org
Mission Statement of Vesta Community Housing Development Board Inc
Vesta Community Housing Development Board Inc aims to assist individuals in overcoming substance abuse issues, particularly alcohol and drug addiction. Their mission is twofold: firstly, to facilitate the transition of individuals from correctional facilities back into the community, and secondly, to help these individuals confront and overcome the underlying problems that perpetuate substance abuse and other self-destructive behaviors. By addressing these root causes, Vesta Community Housing Development Board Inc seeks to break the cycle of incarceration and relapse, ultimately enabling individuals to successfully reintegrate into society and become productive taxpayers. In essence, the organization's mission is to serve those affected by chemical dependencies, homelessness, and unpreparedness for employment, contributing to their transition towards responsible citizenship.
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Impact
October, 2024
Vesta Community Housing Development Board Inc. significantly impacts the community by providing critical housing solutions aimed at supporting individuals grappling with substance abuse issues and aiding their transition back into society. By acquiring real estate and leasing it exclusively to nonprofit organizations that offer human services, Vesta creates an essential infrastructure for rehabilitation programs, including alcohol rehabilitation centers, drug-free residences, and outpatient clinics.
Through its mission, Vesta not only addresses immediate housing needs for low-income tenants and those affected by addiction, but also fosters long-term recovery and community reintegration. Their efforts contribute to breaking the cycle of incarceration and relapse by assisting individuals in confronting the underlying issues of their substance dependencies. Ultimately, Vesta's work not only helps individuals reclaim their lives but also promotes personal accountability, transforming them into productive members of society who pay taxes and engage positively within their communities. This holistic approach not only uplifts individuals but also strengthens the community as a whole, creating a more stable and supportive environment for everyone.
This information is meant to be a general summary of Vesta Community Housing Development Board Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,276,859
- Program Service Revenue: $369,645
- Gross Receipts: $2,285,827
Assets and Liabilities:
- Total Assets: $3,464,159
- Total Liabilities: $2,429,413
- Net Assets: $1,034,746
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS TO EXEMPT ORG.
Revenue
$369,645
Organization Details
Founding Year
1982
Phone
(518) 377-2448Principal Officer
Peter Newkirk
Main Address
428 DUANE AVENUE, SCHENECTADY, NY, 12304
Website
www.pyhit.orgNTEE Category
Code: L20 - Housing
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