The Chenango Valley Home
- Assets
- $20.7m
- Revenue
- $1.9m
- Investments
- $15.1m
- Employees
- 0
- Location
- Norwich, NY
- Founding
- 09/1955
- Data as of
- 12/2021
- EIN
- 15-0543650
Organization Overview
The Chenango Valley Home is located in Norwich, NY. The organization was established in 1955. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Chenango Valley Home 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, Chenango Valley Home generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF AN ELDERLY CARE FACILITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer V Randall Executive Director | 40 | $98,899 | |
Michael J Mccollough Member | 1 | $0 | |
Byron M Harrington President | 3 | $0 | |
Mary W Davis Secretary | 3 | $0 | |
Rosemaria Z Cole Treasurer | 3 | $0 | |
Cathleen J Perry Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $64,771 |
| Interest on Savings | $0 |
| Dividends & Interest | $153,499 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $315,686 |
| Capital Gain Net Income | $315,686 |
| Net ST Capital Gain | $315,686 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,345,876 |
| Total Revenue | $1,879,832 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $101,330 |
| Other employee salaries and wages | $1,231,318 |
| Pension plans, employee benefits | $236,308 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $179,792 |
| Occupancy | $69,600 |
| Travel, conferences, and meetings | $2,733 |
| Printing and publications | $0 |
| Other expenses | $343,716 |
| Total operating and administrative expenses | $2,229,184 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,229,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,079 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $5,015 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,480 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,135,268 |
| Net Land, buildings, and equipment | $5,460,334 |
| Other assets | $0 |
| Total assets | $20,732,176 |
| Accounts payable and accrued expenses | $4,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $44,013 |
| Total liabilities | $48,513 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Chenango Valley Home has recieved totaling $60,574.
| Awarding Organization | Amount |
|---|---|
The@frederick B And Ramona E Mirabito Foundation Norwich, NY PURPOSE: COVID MITIGATION | $30,000 |
Roger Follett Foundation Inc Norwich, NY PURPOSE: PROVIDE CARE FOR MORE RESIDENTS | $25,000 |
Jean M Newton Trust Fbo United Church Of Christ Chenango Valley H Norwich, NY PURPOSE: UPKEEP, MAINTENANCE, REPAIR | $2,974 |
Everett And Pearl Gilmour Foundation Inc Norwich, NY PURPOSE: GENERAL SUPPORTING | $2,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
Wellspan Properties Inc York, PA | $178,389,137 | $19,225,192 |
Rebecca Residence Allison Park, PA | $63,370,668 | $20,665,205 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Alliance For Behavioral & Developmental Disabilities Ltd Hermitage, PA | $7,380,317 | $14,591,071 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |
Living Independently Forever Inc Hyannis, MA | $12,273,693 | $10,857,981 |
Civic Builders Inc New York, NY | $87,716,137 | $21,789,241 |
Buffalo Federation Of Neighborhood Centers Inc Buffalo, NY | $8,954,316 | $11,146,328 |
Grand Street Guild East Housing Development Fund Company Inc Garden City, NY | $32,476,672 | $9,886,793 |