Overview
What is Vesta Severn Inc?
Vesta Severn Inc is a nonprofit organization situated in Lanham, Maryland, with a mission to offer affordable housing to individuals who are chronically mentally disabled. In line with Section 811 of the National Affordable Housing Act, Vesta Severn Inc strives to provide suitable housing solutions for this population, thereby enhancing their quality of life and contributing to their overall well-being. The organization is committed to this cause, ensuring that individuals with mental disabilities have access to safe and affordable housing options.
Official website here: www.vesta.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%
Vesta Severn Inc has received a low score of 44%, which results in a Zero-Star out of Four Star rating from Charity Navigator. This score indicates significant concerns regarding the organization's accountability and financial practices. The assessment reveals that the organization lacks independent board members, which may affect governance and oversight.
Despite some strengths, such as a high score for material diversion of assets and the presence of a conflict of interest policy, Vesta Severn Inc falls short in several critical areas. Notably, the organization does not have a whistleblower policy or a documented retention and destruction policy, raising potential transparency issues. Additionally, the website lacks certain key documents, including the tax form, which may hinder public access to important information.
The program expense ratio, while decent at 21 out of 25 points, does not fully counterbalance the weaknesses highlighted in governance and accountability. Stakeholders and potential donors might consider these factors carefully when engaging with Vesta Severn Inc, as the overall rating suggests significant room for improvement in best practices.
This AI summary has been generated from information found on Charity Navigator.
Is Vesta Severn Inc legitimate?
Vesta Severn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vesta Severn 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 Severn Inc?
Vesta Severn Inc is committed to providing affordable housing for individuals who are chronically mentally disabled, in accordance with Section 811 of the National Affordable Housing Act. Their mission is centered around ensuring that these individuals have access to suitable housing, aiming to enhance their quality of life and well-being. By adhering to this act, Vesta Severn Inc plays a significant role in addressing the housing needs of a vulnerable population, contributing to their overall care and support.
Official website here: www.vesta.org
Who is the CEO of Vesta Severn Inc?
Jignesh Dalal is the President of Vesta Severn Inc.
Official website here: www.vesta.org
What is the revenue of Vesta Severn Inc?
Vesta Severn Inc's revenue in 2022 was $60,960.
Official website here: www.vesta.org
Who are the executives of Vesta Severn Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $213,558
- Other: $19,375
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $106,606
- Other: $15,849
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.vesta.org
Where can I find the form 990 for Vesta Severn Inc?
Vesta Severn 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 Severn Inc
Vesta Severn Inc, a nonprofit organization, is committed to providing affordable housing for individuals who are chronically mentally disabled. In line with Section 811 of the National Affordable Housing Act, Vesta Severn Inc endeavors to create a living space that caters to the unique needs of this population. The organization's mission is to ensure that these individuals have access to safe, affordable, and suitable housing, thereby enhancing their overall quality of life. Vesta Severn Inc's efforts aim to provide a sense of stability and independence to the chronically mentally disabled, thereby empowering them to live with dignity and respect.
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Impact
August, 2024
Vesta Severn Inc's impact lies in providing essential support and accommodation to the chronically mentally disabled community in accordance with Section 811 of the National Affordable Housing Act. By offering affordable housing tailored to the specific needs of this vulnerable population, Vesta Severn Inc contributes to improving their quality of life and promoting their independence. This organization's mission to address the housing needs of the chronically mentally disabled individuals in Lanham, MD, not only fulfills a crucial societal need but also highlights the importance of inclusive and supportive communities for all individuals.
This information is meant to be a general summary of Vesta Severn 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: $36
- Program Service Revenue: $60,924
- Gross Receipts: $60,960
Assets and Liabilities:
- Total Assets: $769,655
- Total Liabilities: $861,024
- Net Assets: -$91,369
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$60,924
Organization Details
Founding Year
2007
Phone
(240) 296-6300Principal Officer
Jignesh Dalal
Main Address
9301 ANNAPOLIS ROAD, LANHAM, MD, 20706
Website
www.vesta.orgNTEE Category
Code: P73 - Human services
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