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Vesta Riverdale Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200690119 ✦ Lanham, MD ✦ Designated as a 501(c)(3)

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Overview

What is Vesta Riverdale Inc?

Vesta Riverdale Inc is a nonprofit organization situated in Lanham, Maryland, with a focus on providing affordable housing for individuals living with chronic mental disabilities. Aligning with Section 811 of the National Affordable Housing Act, their mission is to offer suitable housing solutions for this particular demographic. By doing so, they contribute significantly to enhancing the quality of life for those in need, ensuring they have a safe and stable living environment.


Official website here: www.vesta.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 48%

Vesta Riverdale Inc has received a low rating of 48%, resulting in a Zero-Star out of Four Stars designation. This score indicates significant issues in the areas of accountability and financial management. Specifically, the organization lacks independent board members, which is a critical factor in ensuring ethical governance and oversight, receiving a score of 0 out of 10 points in that category.

Despite some positive aspects, such as a good program expense ratio, the nonprofit has notable weaknesses. The absence of a whistleblower policy and deficiencies in documentation practices raise concerns about transparency and operational integrity. Moreover, the liabilities to assets ratio score of 0 out of 15 points suggests potential financial instability.

While Vesta Riverdale Inc demonstrates a solid commitment to certain governance policies, the overall lack of independent oversight and transparency measures limits its effectiveness and public trust. These shortcomings should be carefully considered by potential donors and supporters.


This AI summary has been generated from information found on Charity Navigator.

Is Vesta Riverdale Inc legitimate?

Vesta Riverdale Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vesta Riverdale 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: $4,693

For more financial information, click here


Official website here: www.vesta.org

What is the mission statement of Vesta Riverdale Inc?

Vesta Riverdale Inc, as per its mission statement, is committed to providing affordable housing for individuals who are chronically mentally disabled. This aligns with Section 811 of the National Affordable Housing Act. The organization's primary objective is to ensure that these individuals have access to housing that is within their financial means. The provision of such housing is done with the aim of improving their quality of life and supporting their overall well-being. The organization operates with a tax-exempt purpose, focusing solely on providing affordable housing solutions for this specific group of individuals.


Official website here: www.vesta.org

Who is the CEO of Vesta Riverdale Inc?

Jignesh Dalal is the President of Vesta Riverdale Inc.


Official website here: www.vesta.org

What is the revenue of Vesta Riverdale Inc?

Vesta Riverdale Inc's revenue in 2022 was $78,795.


Official website here: www.vesta.org

Who are the executives of Vesta Riverdale Inc and what are their salaries?


Here are 4 key members and their salaries:


Jignesh Dalal (President)
  • Compensation: $0
  • Related: $213,558
  • Other: $19,375
Stephen Freiman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorena Memberg (Secretary)
  • Compensation: $0
  • Related: $106,606
  • Other: $15,849
David Klein (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vesta.org

Where can I find the form 990 for Vesta Riverdale Inc?

Vesta Riverdale Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vesta.org

Learn more at the official website: www.vesta.org

Mission Statement of Vesta Riverdale Inc

Vesta Riverdale Inc, a nonprofit organization, is dedicated to providing affordable housing for individuals who are chronically mentally disabled. Aligning with Section 811 of the National Affordable Housing Act, this mission is carried out with a tax-exempt purpose in mind. The primary goal of Vesta Riverdale Inc is to offer a safe and affordable living space for those who are often overlooked and face significant challenges in securing housing. By doing so, the organization aims to contribute positively to their well-being and overall quality of life.

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Impact




August, 2024

Vesta Riverdale Inc's impact lies in providing crucial support to the chronically mentally disabled through affordable housing initiatives in accordance with Section 811 of the National Affordable Housing Act. By offering a safe and stable living environment, Vesta Riverdale Inc is helping individuals with mental disabilities to live with dignity and independence. This not only improves their quality of life but also contributes to the overall well-being of the community.




This information is meant to be a general summary of Vesta Riverdale 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.

Revenue
$78,795 (2022)
Expenses
$78,198 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $88
  • Program Service Revenue: $78,707
  • Gross Receipts: $78,795

Assets and Liabilities:

  • Total Assets: $720,547
  • Total Liabilities: $902,696
  • Net Assets: -$182,149

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$78,707

Organization Details

Founding Year

2004

Principal Officer

Jignesh Dalal

Main Address

9301 ANNAPOLIS ROAD, LANHAM, MD, 20706

NTEE Category

Code: L21 - Housing

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