Valley Initiative For Development And Advancement
- Assets
- $1.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 16
- Location
- Mercedes, TX
- Founding
- 09/1996
- Data as of
- 09/2021
- EIN
- 74-2768931
Organization Overview
Valley Initiative For Development And Advancement is located in Mercedes, TX. The organization was established in 1996. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Valley Initiative For Development And Advancement employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Initiative For Development And Advancement 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 09/2021, Valley Initiative For Development And Advancement generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $1.9m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 6 years. 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
JOB TRAINING ASSISTANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ECONOMICALLY DISADVANTAGED OR MULTIPLE-BARRIERED INDIVIDUALS ACCESS TO HIGH QUALITY AND BETTER PAYING JOBS THROUGH AN INNOVATIVE APPROACH TO INDIVIDUALIZED TRAINING THAT IS DIRECTLY LINKED TO EMPLOYERS' NEEDS, LEADING TO A BETTER SKILLED MORE PRODUCTIVE WORKFORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Priscilla Dinn Alvarez Executive Director | Officer | 40 | $99,944 |
Felida Villarreal Executive Director | Officer | 40 | $44,009 |
Tony Aguirre Chairperson | OfficerTrustee | 1 | $0 |
Msgr Herberto M Diaz Jr Vice Chairperson | OfficerTrustee | 1 | $0 |
Estela Sosa Garza Secretary/treasurer | OfficerTrustee | 1 | $0 |
Eduardo Anaya Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,359,049 |
| All other contributions, gifts, grants, and similar amounts not included above | $328,187 |
| Noncash contributions included in lines 1a–1f | $40,451 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,687,236 |
| Total Program Service Revenue | $81,000 |
| Investment income | $2,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $61,263 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,960,103 |
| 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. | $143,953 |
| Compensation of current officers, directors, key employees. | $53,263 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $374,766 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $104,614 |
| Payroll taxes | $47,094 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,690 |
| Advertising and promotion | $7,159 |
| Office expenses | $34,826 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,604 |
| Travel | $10,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,684 |
| Insurance | $3,416 |
| All other expenses | $2,984 |
| Total functional expenses | $1,879,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,196 |
| Savings and temporary cash investments | $200,000 |
| Pledges and grants receivable | $985,346 |
| Accounts receivable, net | $0 |
| 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 | $8,876 |
| Net Land, buildings, and equipment | $365,642 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,635,060 |
| Accounts payable and accrued expenses | $418,575 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $521,762 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,000 |
| Total liabilities | $965,337 |
| Net assets without donor restrictions | $484,415 |
| Net assets with donor restrictions | $185,308 |
| 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 | $1,635,060 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Valley Initiative For Development And Advancement has recieved totaling $321,707.
| Awarding Organization | Amount |
|---|---|
Moody Foundation Galveston, TX PURPOSE: COVID-19 RELIEF. | $125,000 |
Meadows Foundation Incorporated Dallas, TX PURPOSE: TOWARD CONTINUED SUPPORT FOR TRAINING LOW-INCOME, LATINA WOMEN IN HIGH-DEMAND OCCUPATIONS | $75,000 |
Texas Mutual Insurance Company Austin, TX PURPOSE: Workforce Development & Safety Training | $41,667 |
United Way Of Southern Cameron County Brownsville, TX PURPOSE: OCCUPATIONAL TRAINING FOR LOW INCOME AND LOW SKILLED ADULTS LEADING TO CREDENTIALS AND JOB PLACEMENT | $30,000 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $25,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Territory Residential Community Association Inc Sugar Land, TX | $13,783,433 | $7,053,761 |
Christopher Homes Inc Little Rock, AR | $7,912,023 | $3,803,007 |
Royal Oaks Residential Community Association Inc Houston, TX | $4,376,015 | $2,990,120 |
Lakes Of Parkway Homeowners Assoc Inc Dallas, TX | $3,777,483 | $2,435,933 |
Lakemont Community Association Inc Houston, TX | $2,950,553 | $1,882,252 |
Valley Initiative For Development And Advancement Mercedes, TX | $1,635,060 | $1,960,103 |
Carlton Woods Creekside Association Inc Houston, TX | $2,256,675 | $2,146,438 |
Glencairn Community Improvement Association Houston, TX | $518,684 | $1,069,912 |
Remington Ranch Community Association Inc Houston, TX | $2,192,588 | $1,678,707 |
Clear Lake City Community Association Inc Houston, TX | $3,912,139 | $1,649,644 |
Atascoclta Community Improvement Association Humble, TX | $1,886,382 | $1,636,518 |
Oakhurst Community Association San Antonio, TX | $2,842,367 | $1,559,893 |