Overview
What is Valley Opportunity Council Inc?
Valley Opportunity Council Inc, a federally designated community action agency based in Chicopee, Massachusetts (01013), is a local nonprofit focused on eliminating poverty and improving the quality of life for low and moderate-income residents in the Greater Hampden County area. With a team of 321 employees, they facilitate the distribution of fuel assistance funds to eligible families in the region, excluding Springfield.
Official website here: www.valleyopp.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Valley Opportunity Council Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization scored 96% in these areas, indicating effective management of resources and transparency in operations. Key factors contributing to this high score include a fully independent board and robust financial oversight, which demonstrates the council's dedication to ethical governance.
The organization has a large board consisting of 17 independent members, which enhances its decision-making processes and governance practices. Additionally, it maintains a solid financial structure, with a liabilities to assets ratio of 40.06%, indicating a healthy balance sheet. Valley Opportunity Council Inc also adheres to best practices by having established policies for conflict of interest, whistleblower protections, and document retention, all contributing to a transparent operational framework.
While the data showcases strong financial and governance practices, users may want to consider looking deeper into the specific programs and impact of the organization in the community. The high program expense ratio of 96.44% suggests that a significant portion of funds is directed toward programs rather than administrative costs, which is a positive aspect for potential donors. Overall, the Valley Opportunity Council Inc stands out as a well-managed nonprofit with a strong accountability record.
This AI summary has been generated from information found on Charity Navigator.
Is Valley Opportunity Council Inc legitimate?
Valley Opportunity Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Opportunity Council 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: $172,612
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,604,526
For more financial information, click here
Official website here: www.valleyopp.com
What is the mission statement of Valley Opportunity Council Inc?
Valley Opportunity Council Inc is a community action agency with a mission to eliminate poverty and provide opportunities for individuals and families with low to moderate income in the greater Hampden County area. They aim to help these communities achieve greater independence and a higher quality of life. Valley Opportunity Council Inc acts as a broker for fuel assistance funds, distributing them to eligible families in Hampden County, except for Springfield. Their efforts are geared towards empowering those in need and improving their living conditions.
Official website here: www.valleyopp.com
Who is the CEO of Valley Opportunity Council Inc?
Stephen Huntley is the President of Valley Opportunity Council Inc.
Official website here: www.valleyopp.com
What is the revenue of Valley Opportunity Council Inc?
Valley Opportunity Council Inc's revenue in 2022 was $49,579,644.
Official website here: www.valleyopp.com
Who are the executives of Valley Opportunity Council Inc and what are their salaries?
The average compensation at Valley Opportunity Council Inc during 2022 was $27,343. There are 321 employees and 54 volunteers at Valley Opportunity Council Inc.
Here are 20 key members and their salaries:
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- Compensation: $100,439
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- Other: $20,242
Official website here: www.valleyopp.com
Where can I find the form 990 for Valley Opportunity Council Inc?
Valley Opportunity Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.valleyopp.com
Learn more at the official website: www.valleyopp.com
Mission Statement of Valley Opportunity Council Inc
Valley Opportunity Council Inc, a Federally Designated Community Action Agency, is dedicated to eliminating poverty in the Greater Hampden County area. In simple terms, this organization provides opportunities for low and moderate income neighbors, families, and friends to achieve greater independence and a higher quality of life. Valley Opportunity Council takes an active role in brokering fuel assistance funds to eligible families in all of Hampden County, excluding Springfield.
The mission of Valley Opportunity Council is multifaceted. It begins with the organization's commitment to helping individuals and families overcome poverty and improve their living conditions. By offering various resources and programs, Valley Opportunity Council empowers people to take control of their lives and build a solid foundation for their future. This nonprofit's efforts not only focus on providing immediate assistance but also aim to create long-lasting, sustainable change.
Valley Opportunity Council's work extends beyond just fuel assistance. Although it is an essential service, the organization understands that poverty is a complex issue that requires a holistic approach. To tackle this challenge, Valley Opportunity Council provides a range of support services to address the various aspects of poverty. These services may include education, job training, access to healthcare, and financial assistance, among others. By addressing the root causes of poverty, Valley Opportunity Council aims to break the cycle and help individuals and families build a brighter future.
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Impact
October, 2024
Valley Opportunity Council Inc plays a critical role in enhancing the lives of low and moderate-income individuals and families in the Greater Hampden County area. By serving as a broker for fuel assistance funds, it ensures that eligible families have access to essential resources for heat and energy, especially in the colder months. This support is pivotal in helping families maintain stable living conditions, which is crucial for their overall well-being and ability to thrive.
Furthermore, the organization's mission focuses on eliminating poverty and providing opportunities for greater independence. Through its various initiatives, Valley Opportunity Council Inc empowers community members to improve their quality of life. By facilitating access to vital services and fostering economic independence, they contribute significantly to the resilience and prosperity of the neighborhoods they serve in Hampden County, excluding Springfield. The impact of their work resonates in the strengthened community ties and the enhanced ability of families to pursue their aspirations and achieve a sustainable future.
This information is meant to be a general summary of Valley Opportunity Council 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: $33,416
- Program Service Revenue: $47,392,513
- Gross Receipts: $49,579,644
Assets and Liabilities:
- Total Assets: $22,850,959
- Total Liabilities: $11,324,815
- Net Assets: $11,526,144
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES AND CONTRACTS FROM GOV. AGEN
Revenue
$44,390,196
RENTAL INCOME
Revenue
$1,773,169
TRANSPORTATION FEES
Revenue
$1,229,148
Organization Details
Founding Year
1980
Phone
(413) 552-1554Principal Officer
Stephen Huntley
Main Address
35 MT CARMEL AVENUE, CHICOPEE, MA, 01013
Website
www.valleyopp.comNTEE Category
Code: P20 - Human services
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