Overview
What is Vesta's Hearth Inc?
Vesta's Hearth Inc, a nonprofit located in Lanham, Maryland, is committed to making housing affordable for individuals living with chronic mental disabilities. This mission aligns with Section 811 of the National Affordable Housing Act. The organization's primary goal is to provide a supportive living environment for this specific population, contributing to their overall well-being. The nonprofit's activities are in line with its mission, offering affordable housing solutions to those in need.
Official website here: www.vesta.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48% (Zero-Star out of Four Star rating)
Vesta's Hearth Inc has received a low score of 48% on Charity Navigator, primarily reflecting concerns around governance and financial accountability. The organization earned zero points for having a majority of independent board members and for the size of its independent board, indicating a potential lack of oversight which can be critical for maintaining donor trust.
Despite these governance issues, Vesta's Hearth demonstrated strong program expense efficiency, scoring a full 25 out of 25 in that area. Additionally, the organization has a solid policy framework with a conflict of interest policy in place. However, it is noteworthy that the charity lacks a whistleblower policy and has significant liabilities compared to its assets, raising further questions about financial health and risk management.
Overall, while Vesta's Hearth has strengths in its program expenses, the governance deficiencies and financial concerns highlighted by its low rating suggest that potential donors should exercise caution and seek further information before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Vesta's Hearth Inc legitimate?
Vesta's Hearth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vesta's Hearth 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's Hearth Inc?
Vesta's Hearth Inc, in line with Section 811 of the National Affordable Housing Act, is committed to providing affordable housing for individuals suffering from chronic mental disabilities. This organization's mission is centered around ensuring that these individuals have access to suitable housing, thereby improving their quality of life. By operating under tax-exempt purposes, Vesta's Hearth Inc seeks to make a significant impact in the lives of those who are mentally disabled, contributing to a more inclusive and supportive community.
Official website here: www.vesta.org
Who is the CEO of Vesta's Hearth Inc?
Jignesh Dalal is the President of Vesta's Hearth Inc.
Official website here: www.vesta.org
What is the revenue of Vesta's Hearth Inc?
Vesta's Hearth Inc's revenue in 2022 was $168,138.
Official website here: www.vesta.org
Who are the executives of Vesta's Hearth 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's Hearth Inc?
Vesta's Hearth 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's Hearth Inc
Vesta's Hearth 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, this mission is a crucial step towards ensuring that these individuals have access to sustainable housing solutions. By adhering to tax-exempt purposes, Vesta's Hearth Inc is committed to making a significant impact in the lives of those who require such assistance. The organization's primary focus is on offering housing solutions that cater to the unique needs of mentally disabled individuals, thereby enhancing their overall quality of life.
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Impact
October, 2024
Vesta's Hearth Inc significantly impacts the community by providing affordable housing specifically designed for individuals with chronic mental disabilities. By aligning its mission with the goals outlined in Section 811 of the National Affordable Housing Act, the organization ensures that this vulnerable population has access to safe and stable living conditions. This not only fosters a sense of security and dignity for residents but also contributes to their overall well-being and integration into the community.
By focusing on affordable housing, Vesta's Hearth Inc addresses a critical need, helping to alleviate homelessness and reduce the barriers that individuals with mental health challenges often face. The availability of stable housing can lead to improved mental health outcomes, increased independence, and greater participation in community life. Overall, Vesta's Hearth Inc plays a vital role in promoting social equity and enhancing the quality of life for those it serves in Lanham, MD.
This information is meant to be a general summary of Vesta's Hearth 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: $71
- Program Service Revenue: $168,067
- Gross Receipts: $168,138
Assets and Liabilities:
- Total Assets: $1,043,382
- Total Liabilities: $1,871,755
- Net Assets: -$828,373
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$168,067
Organization Details
Founding Year
1995
Phone
(240) 296-6300Principal Officer
Jignesh Dalal
Main Address
9301 ANNAPOLIS ROAD, LANHAM, MD, 20706
Website
www.vesta.orgNTEE Category
Code: L99Z - Housing
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