Overview
What is Vesta Pelden Inc?
Vesta Pelden Inc is a nonprofit organization located in Lanham, Maryland, with a focus on providing affordable housing solutions for individuals battling chronic mental disabilities. Aligned with Section 811 of the National Affordable Housing Act, their mission is to offer suitable housing options for this specific group, aiming to enhance their quality of life and promote their overall well-being.
Official website here: www.vesta.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (48%)
Vesta Pelden Inc has received a low score of 48%, resulting in a Zero-Star out of Four Star rating on Charity Navigator. This indicates significant concerns regarding the organization's accountability and financial health. The lack of independent board members and a small board size are notable weaknesses that raise questions about governance practices.
Despite these issues, Vesta Pelden Inc shows strengths in certain areas, such as having a good program expense ratio, which suggests that a substantial portion of its funds is directed towards its programs. However, the organization falls short in critical aspects like maintaining a whistleblower policy and proper documentation retention, both of which are essential for operational transparency.
The organization's performance in asset management is concerning, evident from a poor liabilities to assets ratio, which could indicate financial instability. While it has made strides in some areas, the overall governance and financial management practices need significant improvement to gain trust from donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Vesta Pelden Inc legitimate?
Vesta Pelden Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vesta Pelden 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 Pelden Inc?
Vesta Pelden Inc, as part of its mission, endeavors to provide affordable housing options for individuals who have been chronically affected by 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 improving their overall quality of life. By providing affordable housing, Vesta Pelden Inc aims to contribute positively to the well-being and independent living of individuals affected by mental disabilities. The organization's efforts in this regard are instrumental in providing a sense of security and stability to these individuals, enabling them to live with dignity and independence.
Official website here: www.vesta.org
Who is the CEO of Vesta Pelden Inc?
Jignesh Dalal is the President of Vesta Pelden Inc.
Official website here: www.vesta.org
What is the revenue of Vesta Pelden Inc?
Vesta Pelden Inc's revenue in 2022 was $79,809.
Official website here: www.vesta.org
Who are the executives of Vesta Pelden 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 Pelden Inc?
Vesta Pelden 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 Pelden Inc
Vesta Pelden Inc, as a nonprofit organization, is committed to a mission that aligns with Section 811 of the National Affordable Housing Act. This mission is focused on providing affordable housing solutions for individuals who have been diagnosed with chronic mental disabilities. By prioritizing this population, Vesta Pelden Inc aims to offer them a living environment that caters to their unique needs, thereby enhancing their quality of life. The organization's objective is to make housing more accessible and affordable for this particular group, thereby contributing to their overall well-being and independence.
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Impact
August, 2024
Vesta Pelden Inc's impact lies in providing affordable housing to the chronically mentally disabled in accordance with Section 811 of the National Affordable Housing Act. Through their mission to offer this crucial support, they are contributing to the well-being and stability of individuals who may otherwise struggle to find suitable housing options. By addressing the specific needs of this vulnerable population, Vesta Pelden Inc is making a tangible difference in enhancing the quality of life for those they serve in Lanham, MD.
This information is meant to be a general summary of Vesta Pelden 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: $85
- Program Service Revenue: $79,724
- Gross Receipts: $79,809
Assets and Liabilities:
- Total Assets: $665,535
- Total Liabilities: $856,640
- Net Assets: -$191,105
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$79,724
Organization Details
Founding Year
2003
Phone
(240) 296-6300Principal Officer
Jignesh Dalal
Main Address
9301 ANNAPOLIS ROAD, LANHAM, MD, 20706
Website
www.vesta.orgNTEE Category
Code: L22 - Housing
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