Overview
What is Vesta Germantown Inc?
Vesta Germantown Inc, located in Lanham, Maryland, is a nonprofit organization dedicated to providing affordable housing for individuals with chronic mental disabilities. Aligned with Section 811 of the National Affordable Housing Act, their mission is to offer housing solutions that cater to this specific population, thereby promoting their overall well-being and integration into the community.
Official website here: www.vesta.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (48%)
Vesta Germantown Inc has received a Zero-Star out of Four Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization's overall score is based entirely on its Accountability & Finance metrics, which scored 48%. This score indicates serious deficiencies in governance, particularly with respect to the composition and independence of its board.
Key strengths noted include a strong program expense ratio, suggesting that a substantial portion of its resources is directed towards its mission-related activities. However, the organization struggles with major governance issues, as it has no independent board members and lacks essential policies such as whistleblower and document retention policies. The presence of material asset diversion has raised further flags regarding its financial management practices.
Potential donors should be aware of these limitations when considering support for Vesta Germantown Inc. While the charity does have some positive aspects, the overall financial and accountability weaknesses pose significant risk factors that could affect its operations and mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Vesta Germantown Inc legitimate?
Vesta Germantown Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vesta Germantown 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: $3,911
For more financial information, click here
Official website here: www.vesta.org
What is the mission statement of Vesta Germantown Inc?
Vesta Germantown Inc, as stated in its mission, is committed to providing affordable housing solutions for individuals living with chronic mental disabilities. This aligns with Section 811 of the National Affordable Housing Act. The organization's primary goal is to ensure that these individuals have access to suitable housing, thereby contributing to their overall well-being and quality of life. Their activities are centered around this tax-exempt purpose, aiming to make a positive impact on the lives of those in need.
Official website here: www.vesta.org
Who is the CEO of Vesta Germantown Inc?
Jignesh Dalal is the President of Vesta Germantown Inc.
Official website here: www.vesta.org
What is the revenue of Vesta Germantown Inc?
Vesta Germantown Inc's revenue in 2022 was $64,777.
Official website here: www.vesta.org
Who are the executives of Vesta Germantown 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 Germantown Inc?
Vesta Germantown 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 Germantown Inc
Vesta Germantown Inc, a nonprofit organization, is dedicated to providing affordable housing for the chronically mentally disabled. Aligning with Section 811 of the National Affordable Housing Act, Vesta Germantown Inc strives to offer housing solutions that cater to this specific demographic. Through their tax-exempt purpose, the organization works tirelessly to ensure the chronic mentally disabled have a place to call home, providing them with the stability and support they need.
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Impact
August, 2024
Vesta Germantown Inc's impact lies in its provision of affordable housing to the chronically mentally disabled in accordance with Section 811 of the National Affordable Housing Act. This crucial support helps enhance the quality of life for individuals facing mental health challenges by offering them a stable and safe living environment. Through their efforts, Vesta Germantown Inc contributes to improving the well-being and dignity of this vulnerable population, ultimately creating a more inclusive and compassionate community.
This information is meant to be a general summary of Vesta Germantown 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: $204
- Program Service Revenue: $64,573
- Gross Receipts: $64,777
Assets and Liabilities:
- Total Assets: $1,383,015
- Total Liabilities: $1,493,581
- Net Assets: -$110,566
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$64,573
Organization Details
Founding Year
2012
Phone
(240) 296-6300Principal Officer
Jignesh Dalal
Main Address
9301 ANNAPOLIS ROAD, LANHAM, MD, 20706
Website
www.vesta.orgNTEE Category
Code: L24 - Housing
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