Overview
What is Vesta Three Inc?
Vesta Three Inc is a nonprofit organization located in Lanham, Maryland, with a focus on providing affordable housing solutions for individuals facing chronic mental disabilities. It operates in accordance with Section 811 of the National Affordable Housing Act, aiming to make living arrangements more accessible and accommodating for this specific population. The organization's mission is deeply rooted in enhancing the quality of life for these individuals, ensuring they have a secure and supportive living environment.
Official website here: www.vesta.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48%
Vesta Three Inc has received a score of 48%, resulting in a Zero-Star out of Four Star rating, which indicates significant concerns regarding its accountability and financial practices. The score is derived completely from the Accountability & Finance category, where it scored poorly in several key areas, including board governance and transparency. The absence of independent board members and a lack of certain policies raise red flags about the organization's governance structure.
Despite these issues, Vesta Three Inc does have strengths in areas such as asset management and program expense ratio, where it scored full marks. The charity also demonstrates some accountability with its material diversion of assets and conflict of interest policy. However, the overall low score suggests that the organization may need to improve its financial practices and governance to better serve its mission and stakeholders.
Moreover, the nonprofit's transparency is hindered by missing key documents on its website and an inadequate liabilities to assets ratio. The salaries of key persons, while disclosed, show a significant allocation of funds to leadership positions. Overall, potential donors and supporters should consider these factors when evaluating Vesta Three Inc's viability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Vesta Three Inc legitimate?
Vesta Three Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vesta Three 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: $7,039
For more financial information, click here
Official website here: www.vesta.org
What is the mission statement of Vesta Three Inc?
Vesta Three Inc, as a committed organization, aims to provide affordable housing solutions for the chronically mentally disabled, in alignment with Section 811 of the National Affordable Housing Act. Their mission is centered around ensuring that individuals with mental disabilities have access to suitable living arrangements. By doing so, they strive to enhance their quality of life and contribute to their overall well-being. The organization's work is instrumental in addressing the housing needs of this vulnerable group, promoting their dignity and independence.
Official website here: www.vesta.org
Who is the CEO of Vesta Three Inc?
Jignesh Dalal is the President of Vesta Three Inc.
Official website here: www.vesta.org
What is the revenue of Vesta Three Inc?
Vesta Three Inc's revenue in 2022 was $154,893.
Official website here: www.vesta.org
Who are the executives of Vesta Three 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 Three Inc?
Vesta Three 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 Three Inc
Vesta Three Inc, a nonprofit organization, is committed to providing affordable housing for individuals who are chronically mentally disabled. Aligning with Section 811 of the National Affordable Housing Act, Vesta Three Inc's mission is to offer a living space that caters to the specific needs of this underserved population. By providing affordable housing, this organization aims to improve the quality of life for these individuals, enabling them to live with dignity and independence.
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Impact
October, 2024
Vesta Three Inc significantly impacts its community by providing affordable housing options specifically tailored for individuals who are chronically mentally disabled. By aligning its efforts with Section 811 of the National Affordable Housing Act, Vesta Three Inc addresses a critical gap in housing access for this vulnerable population.
The organization is instrumental in creating stable living conditions that can lead to improved quality of life for its residents. Through the provision of safe and affordable housing, it fosters independence, enhances mental well-being, and supports social integration. The initiative not only contributes to the reduction of homelessness among individuals with chronic mental disabilities but also promotes dignity and respect, offering them the opportunity to thrive in a supportive environment in Lanham, MD.
Ultimately, Vesta Three Inc's work addresses essential social needs, while contributing positively to community health and resilience.
This information is meant to be a general summary of Vesta Three 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: $53
- Program Service Revenue: $154,840
- Gross Receipts: $154,893
Assets and Liabilities:
- Total Assets: $778,607
- Total Liabilities: $1,656,188
- Net Assets: -$877,581
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$154,840
Organization Details
Founding Year
1996
Phone
(240) 296-6300Principal Officer
Jignesh Dalal
Main Address
9301 ANNAPOLIS ROAD, LANHAM, MD, 20706
Website
www.vesta.orgNTEE Category
Code: L80 - Housing
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