Overview
What is Vesta Twelve Inc?
Vesta Twelve Inc is a nonprofit organization situated in Lanham, Maryland. Their primary mission is to offer affordable housing solutions to individuals battling chronic mental disabilities, in compliance with Section 811 of the National Affordable Housing Act. This act is a crucial initiative aimed at providing housing opportunities for people with disabilities, ensuring they can lead independent and fulfilling lives. Vesta Twelve Inc's dedication to this cause extends beyond just providing housing, as they strive to create an environment that supports and empowers their residents, fostering a sense of community and belonging.
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 Twelve Inc has received a low rating of 48%, indicating significant concerns regarding its accountability and financial practices. The score reflects a heavy reliance on the Accountability & Finance beacon, which evaluates various governance and financial health metrics. The charity's board composition and independence are particularly troubling, with no independent board members, leading to a score of 0 out of 10 in that area.
Despite some positive aspects, such as a strong program expense ratio of 71.31%, the organization's financial liabilities exceed its assets significantly, resulting in a troubling liability-to-assets ratio of 115.62%. There are also noted deficiencies in governance policies, including the absence of a whistleblower policy and a document retention policy, contributing to a lack of transparency. Overall, while Vesta Twelve Inc demonstrates commitment in certain operational areas, its governance and financial health raise red flags for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Vesta Twelve Inc legitimate?
Vesta Twelve Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vesta Twelve 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: $3,911
For more financial information, click here
Official website here: www.vesta.org
What is the mission statement of Vesta Twelve Inc?
Vesta Twelve Inc., as an organization, is committed to providing affordable housing for individuals who are chronically mentally disabled. This mission aligns with Section 811 of the National Affordable Housing Act. Their goal is to create a living environment that caters specifically to this group, ensuring they have access to housing that fits their needs. Through their efforts, they aim to enhance the quality of life for these individuals, providing them with a secure and suitable living space.
Official website here: www.vesta.org
Who is the CEO of Vesta Twelve Inc?
Jignesh Dalal is the President of Vesta Twelve Inc.
Official website here: www.vesta.org
What is the revenue of Vesta Twelve Inc?
Vesta Twelve Inc's revenue in 2022 was $69,911.
Official website here: www.vesta.org
Who are the executives of Vesta Twelve 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 Twelve Inc?
Vesta Twelve 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 Twelve Inc
Vesta Twelve Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for the chronically mentally disabled. Aligned with Section 811 of the National Affordable Housing Act, Vesta Twelve Inc strives to make a significant impact in this population's lives. The organization's mission is to create a welcoming and supportive environment where individuals with chronic mental disabilities can reside in comfort and security. By offering affordable housing options, Vesta Twelve Inc aims to empower these individuals, enabling them to live independent and dignified lives, fostering their overall well-being and personal growth.
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Impact
August, 2024
Vesta Twelve 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. By offering this essential service, Vesta Twelve Inc is making a tangible difference in the lives of individuals who may struggle to access suitable housing due to their mental health challenges. This organization's dedication to providing safe and affordable living spaces for this marginalized population contributes greatly to their well-being and quality of life.
This information is meant to be a general summary of Vesta Twelve 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: $57
- Program Service Revenue: $69,854
- Gross Receipts: $69,911
Assets and Liabilities:
- Total Assets: $961,885
- Total Liabilities: $1,108,105
- Net Assets: -$146,220
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$69,854
Organization Details
Founding Year
2009
Phone
(240) 296-6300Principal Officer
Jignesh Dalal
Main Address
9301 ANNAPOLIS ROAD, LANHAM, MD, 20706
Website
www.vesta.orgNTEE Category
Code: L20 - Housing
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