Valley View Villa Inc
- Assets
- $320.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mechanicsville, IA
- Founding
- 06/1974
- Data as of
- 12/2023
- EIN
- 23-7378037
Organization Overview
Valley View Villa Inc is located in Mechanicsville, IA. The organization was established in 1974. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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 View Villa Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Valley View Villa Inc generated $139.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $132.4k during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE AFFORDABLE HOUSING FOR LOW INCOME ELDERLY. THE PROJECT HAD A 67% OCCUPANCY RATE IN THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Denly President | 1 | $0 | |
Becky Fry Vice Preside | 1 | $0 | |
Barry Smith Secretary/tr | 1 | $0 | |
Dillon Smith Director | 1 | $0 | |
John Torrance Director | 1 | $0 | |
Ken Mercer Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $138,791 |
| Membership dues | $0 |
| Investment income | $331 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $139,122 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,390 |
| Occupancy, rent, utilities, and maintenance | $53,342 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $55,680 |
| Total expenses | $132,412 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,188 |
| Other assets | $0 |
| Total assets | $320,699 |
| Total liabilities | $378,966 |
| Net assets or fund balances | -$58,267 |