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Vesta Housing Inc

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

EIN: 521853211 ✦ Lanham, MD ✦ Designated as a 501(c)(3)

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Overview

What is Vesta Housing Inc?

Vesta Housing Inc, located in Lanham, Maryland, is a nonprofit organization committed to delivering affordable housing solutions for individuals experiencing chronic mental disabilities. In alignment with Section 811 of the National Affordable Housing Act, Vesta Housing Inc provides housing services with the aim of enhancing the living conditions and quality of life for those in need. The organization's mission is to ensure that individuals with chronic mental disabilities have access to safe, affordable housing options, contributing to their overall well-being and independence.


Official website here: www.vesta.org

Is Vesta Housing Inc legitimate?

Vesta Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vesta Housing 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: $8,213

For more financial information, click here


Official website here: www.vesta.org

What is the mission statement of Vesta Housing Inc?

Vesta Housing Inc's mission is centered around providing affordable housing for individuals struggling with chronic mental disabilities. Aligning with Section 811 of the National Affordable Housing Act, this organization is dedicated to offering housing solutions that cater to this specific population, thereby enhancing their quality of life. The primary goal is to ensure that those dealing with mental health challenges have access to sustainable and affordable housing options, thereby improving their overall living conditions.


Official website here: www.vesta.org

Who is the CEO of Vesta Housing Inc?

Jignesh Dalal is the President of Vesta Housing Inc.


Official website here: www.vesta.org

What is the revenue of Vesta Housing Inc?

Vesta Housing Inc's revenue in 2022 was $200,067.


Official website here: www.vesta.org

Who are the executives of Vesta Housing 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 Housing Inc?

Vesta Housing 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 Housing Inc

Vesta Housing Inc, a nonprofit organization, is dedicated to providing affordable housing for individuals who are chronically mentally disabled. Aligned with Section 811 of the National Affordable Housing Act, Vesta Housing Inc's mission is to offer a living space that caters to this specific demographic, ensuring they have access to safe and affordable housing. This mission is a crucial part of supporting the overall well-being and independence of these individuals, enabling them to live with dignity and stability.

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Impact




October, 2024

Vesta Housing Inc significantly impacts the lives of individuals with chronic mental disabilities by providing access to affordable housing. Located in Lanham, MD, the organization focuses on creating living environments that foster independence and stability for this vulnerable population. By adhering to the guidelines set forth in Section 811 of the National Affordable Housing Act, Vesta Housing Inc ensures that individuals experiencing mental health challenges have a safe and supportive place to live. This not only enhances their quality of life but also promotes community integration and reduces feelings of isolation. Ultimately, Vesta Housing Inc plays a crucial role in addressing housing insecurity among the chronically mentally disabled, empowering them to lead more fulfilling lives.




This information is meant to be a general summary of Vesta Housing 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
$200,067 (2022)
Expenses
$190,020 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $155
  • Program Service Revenue: $190,172
  • Gross Receipts: $200,067

Assets and Liabilities:

  • Total Assets: $1,324,759
  • Total Liabilities: $1,798,228
  • Net Assets: -$473,469

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Programs

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

RENTAL INCOME

Revenue

$190,172

Organization Details

Founding Year

1993

Principal Officer

Jignesh Dalal

Main Address

9301 ANNAPOLIS ROAD, LANHAM, MD, 20706

NTEE Category

Code: L20Z - Housing

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