Overview
What is Vesta Charles Inc?
Vesta Charles Inc is a nonprofit organization situated in Lanham, Maryland, with a specific mission to provide affordable housing for individuals experiencing chronic mental disabilities. In line with Section 811 of the National Affordable Housing Act, they strive to offer housing solutions that cater to this vulnerable population, ensuring they live with dignity and security. Their mission is deeply rooted in the belief that everyone deserves a safe and stable living environment, regardless of their mental health status.
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 Charles Inc has received a low rating of 48%, indicating significant weaknesses in its accountability and financial practices. The organization has not met essential governance standards, such as having a majority of independent board members and an adequate board size. While it does score well on program expenses, indicating effective allocation of resources towards its mission, its overall financial health appears concerning.
The charity has demonstrated some positive practices such as having a conflict of interest policy and documenting board meeting minutes, receiving full points in these areas. However, critical areas such as the existence of a whistleblower policy and proper document retention practices have been neglected, suggesting a lack of robust governance. Additionally, the organization has failed to properly disclose its financial documents on its website, which could hinder transparency.
Overall, while Vesta Charles Inc may be fulfilling its programmatic goals, the lack of strong governance and transparency raises concerns about its long-term sustainability and accountability to donors and stakeholders. Potential supporters are encouraged to consider these factors when evaluating their contributions to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Vesta Charles Inc legitimate?
Vesta Charles Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vesta Charles 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: $3,520
For more financial information, click here
Official website here: www.vesta.org
What is the mission statement of Vesta Charles Inc?
Vesta Charles Inc, as stated in its mission, is committed to providing affordable housing for the chronically mentally disabled, in line with Section 811 of the National Affordable Housing Act. The organization's primary goal is to cater to this specific group of individuals, ensuring they have access to suitable housing accommodations. This initiative not only addresses the housing needs of this community but also aims to enhance their overall quality of life. The organization adheres to the guidelines set forth in Section 811, ensuring that the housing provided is both affordable and meets the unique requirements of the chronically mentally disabled.
Official website here: www.vesta.org
Who is the CEO of Vesta Charles Inc?
Jignesh Dalal is the President of Vesta Charles Inc.
Official website here: www.vesta.org
What is the revenue of Vesta Charles Inc?
Vesta Charles Inc's revenue in 2022 was $74,538.
Official website here: www.vesta.org
Who are the executives of Vesta Charles 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 Charles Inc?
Vesta Charles 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 Charles Inc
Vesta Charles 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 Charles Inc strives to offer a living space that caters to the unique needs of this population. The organization's mission is to create an inclusive living environment where these individuals can reside with dignity and independence. By providing affordable housing, Vesta Charles Inc aims to enhance the quality of life for the chronically mentally disabled, ensuring they have a safe and comfortable place to call home.
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Impact
August, 2024
Vesta Charles 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 organization plays a crucial role in ensuring that this vulnerable population has access to stable and secure housing, which is essential for their well-being and quality of life. By focusing on meeting the housing needs of the chronically mentally disabled, Vesta Charles Inc helps to address a significant gap in the housing market and contributes to creating more inclusive and supportive communities. This impact extends beyond just providing shelter, as safe housing is fundamental to enabling individuals to lead more independent and fulfilling lives.
This information is meant to be a general summary of Vesta Charles 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: $222
- Program Service Revenue: $74,316
- Gross Receipts: $74,538
Assets and Liabilities:
- Total Assets: $840,140
- Total Liabilities: $949,653
- Net Assets: -$109,513
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$74,316
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: L21 - Housing
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