Overview
What is Vesta Four Inc?
Vesta Four Inc is a nonprofit organization situated in Lanham, Maryland. Its primary mission is to provide affordable housing for individuals living with chronic mental disabilities, in line with Section 811 of the National Affordable Housing Act. This initiative aims to enhance the living conditions and support system for this specific group of individuals, ensuring they have access to suitable housing facilities.
Official website here: www.vesta.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars
Vesta Four Inc has received a 48% score from Charity Navigator, resulting in a Zero-Star out of Four Star rating. This low rating indicates significant concerns regarding the organization's accountability and financial practices. The absence of independent board members and a proper board size highlights governance weaknesses that could impact decision-making processes.
Despite some positive aspects, such as a strong program expense ratio and effective material diversion of assets, the organization falls short in critical areas like maintaining a whistleblower policy and proper document retention practices. Additionally, the failure to list essential documents on their website raises transparency issues.
Overall, while Vesta Four Inc demonstrates some strengths in its program expenses, the overall governance and accountability concerns present serious limitations that potential donors should consider before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Vesta Four Inc legitimate?
Vesta Four Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vesta Four 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 Four Inc?
Vesta Four Inc is dedicated to providing affordable housing for individuals who are chronically mentally disabled, aligning with Section 811 of the National Affordable Housing Act. Their mission is to ensure that these individuals have access to suitable living spaces, contributing to their overall well-being and quality of life. By providing affordable housing, Vesta Four Inc aims to support these individuals in maintaining their independence and dignity, thereby enhancing their integration into society. The organization's efforts are instrumental in addressing the housing needs of this vulnerable population, promoting their inclusion and equal opportunities.
Official website here: www.vesta.org
Who is the CEO of Vesta Four Inc?
Jignesh Dalal is the President of Vesta Four Inc.
Official website here: www.vesta.org
What is the revenue of Vesta Four Inc?
Vesta Four Inc's revenue in 2022 was $69,599.
Official website here: www.vesta.org
Who are the executives of Vesta Four 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 Four Inc?
Vesta Four 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 Four Inc
Vesta Four Inc, a nonprofit organization, is committed to providing affordable housing for the chronically mentally disabled. Aligning with Section 811 of the National Affordable Housing Act, Vesta Four Inc serves as a beacon of hope for this vulnerable population, ensuring they have access to suitable living conditions. The organization's mission is to create an inclusive community where individuals with chronic mental disabilities can reside with dignity and independence. By providing affordable housing, Vesta Four Inc plays a crucial role in improving their quality of life, enabling them to focus on their well-being and recovery.
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Impact
August, 2024
Vesta Four 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 service ensures that individuals facing mental disabilities have access to safe and stable housing, contributing to their overall well-being and quality of life. By addressing the housing needs of this vulnerable population, Vesta Four Inc plays a significant role in promoting social equity and inclusion within the community.
This information is meant to be a general summary of Vesta Four 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: $79
- Program Service Revenue: $69,520
- Gross Receipts: $69,599
Assets and Liabilities:
- Total Assets: $648,813
- Total Liabilities: $1,043,190
- Net Assets: -$394,377
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$69,520
Organization Details
Founding Year
1997
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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