Valley Housing Development Corporation Incorporated
- Assets
- $3.6m
- Revenue
- $187.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 01/1983
- Data as of
- 12/2021
- EIN
- 04-2762580
Organization Overview
Valley Housing Development Corporation Incorporated is located in Springfield, MA. The organization was established in 1983. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Housing Development Corporation Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Valley Housing Development Corporation Incorporated generated $187.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $303.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
VALLEY HOUSING DEVELOPMENT CORPORATION PRIMARY PURPOSE IS TO PROVIDE FARM LABORERS WITH AFFORDABLE HOUSING FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEY HOUSING DEVELOPMENT CORPORATION PPROVIDED 18 UNITS OF RESIDENTIAL HOUSING TO FARM LABORERS IN HOLYOKE, MASSACHUSETTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dolores Scott Treasurer/asst. Clerk | OfficerTrustee | 1 | $0 |
Betty Lichtenstein President/director | OfficerTrustee | 1 | $0 |
Sylvia Galvan Director | OfficerTrustee | 1 | $0 |
Mary Birks Director | Trustee | 1 | $0 |
Diosdado Lopez Director | Trustee | 1 | $0 |
Theresa Cooper-Gordan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $186,921 |
| Investment income | $981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,743 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,417 |
| Payroll taxes | $3,264 |
| Fees for services: Management | $14,060 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,864 |
| Advertising and promotion | $0 |
| Office expenses | $3,959 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,391 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,123 |
| Insurance | $8,364 |
| All other expenses | $9,948 |
| Total functional expenses | $303,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,104 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,766 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,504 |
| Net Land, buildings, and equipment | $3,496,544 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,495 |
| Total assets | $3,634,413 |
| Accounts payable and accrued expenses | $24,414 |
| Grants payable | $0 |
| Deferred revenue | $12,076 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,958,027 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,456 |
| Total liabilities | $3,006,973 |
| Net assets without donor restrictions | $627,440 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,634,413 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Aspire Of Western New York Inc Getzville, NY | $37,144,710 | $73,972,719 |
Neighborhood Assistance Corporation Of America Boston, MA | $267,784,866 | $49,655,624 |
Womens Housing And Economic Development Corporation Bronx, NY | $29,527,353 | $27,859,543 |
Joint Ownership Entity New York City Corp New York, NY | $155,995,039 | $17,434,025 |
Breaking Ground Housing Development Fund Corporation New York, NY | $193,138,085 | $25,961,669 |
Highland Park Community Development Corporation Brooklyn, NY | $3,265,910 | $15,414,103 |
Centerboard Inc Lynn, MA | $21,186,335 | $15,673,773 |
Interstate I Affordable Housing Inc New York, NY | $783,725 | $8,991,908 |
Ascendant Neighborhood Development Corporation New York, NY | $39,528,943 | $4,446,577 |
Housing Works Services Inc Brooklyn, NY | $2,273,707 | $4,786,590 |
Willow Gardens Inc New Rochelle, NY | $20,661,774 | $5,354,577 |
United Residents In Academy Homes Ii Inc Roxbury, MA | $30,056,643 | $8,930,600 |