Overview
What is Cherry Valley Community Facilities?
Cherry Valley Community Facilities is a nonprofit organization situated in Cherry Valley, New York. Their primary focus is to provide a community center that caters to various age groups, including seniors, teens, and individuals. This facility offers a gym for the town and village's use. The organization has shown a commitment to preserving the community by restoring the old schoolhouse, transforming it into a multi-purpose facility for charitable community purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Cherry Valley Community Facilities has received a 73% rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization excels in areas such as having a fully independent board and effective governance practices, evidenced by their perfect scores in board independence and meeting documentation.
With a program expense ratio of 90.49%, the organization demonstrates a strong commitment to directing funds towards its programs. The balance between liabilities and assets also reflects a solid financial structure, with a ratio of 32.31%. However, the overall Two-Star rating suggests that there may be areas where the organization could improve its transparency or operational effectiveness to enhance donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Cherry Valley Community Facilities legitimate?
Cherry Valley Community Facilities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cherry Valley Community Facilities 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Cherry Valley Community Facilities?
The mission of Cherry Valley Community Facilities is centered around restoring the former school building for various charitable community purposes. This organization has preserved the old schoolhouse, with the intention of utilizing it for a wide array of community activities. The refurbished building serves as a community center, offering facilities for senior citizens, teenagers, and individuals. Additionally, it houses a gym that is available for the use of the town and village.
Who is the CEO of Cherry Valley Community Facilities?
Richard Saba is the Vice Chairma of Cherry Valley Community Facilities.
What is the revenue of Cherry Valley Community Facilities?
Cherry Valley Community Facilities's revenue in 2022 was $50,392.
Who are the executives of Cherry Valley Community Facilities and what are their salaries?
Here are 13 key members and their salaries:
- Compensation: $2,975
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- Compensation: $2,050
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- Compensation: $1,275
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- Other: $0
- Compensation: $945
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- Other: $0
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Where can I find the form 990 for Cherry Valley Community Facilities?
Cherry Valley Community Facilities's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cherry Valley Community Facilities
Cherry Valley Community Facilities, a nonprofit organization, has a mission to restore the former school building for a variety of charitable community purposes. This mission is centered around preserving the old schoolhouse, making it available for the benefit of the community. As a result, this organization has transformed the building into a community center that caters to various groups, including seniors, teens, and individuals. Furthermore, the facility serves as a gym, offering space for the town and village to utilize. By restoring and repurposing the school building, Cherry Valley Community Facilities contributes to the community by providing a valuable resource for its residents.
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Impact
August, 2024
Cherry Valley Community Facilities has had a significant impact on the Cherry Valley community in New York. The organization has preserved the old school house for use by the community, providing a valuable space for seniors, teens, and individuals. Additionally, the community center offers a gym for use by the town and village, promoting health and wellness among residents. By restoring the former school building for a range of charitable community purposes, Cherry Valley Community Facilities has contributed to community improvement and enhanced the quality of life for its residents.
This information is meant to be a general summary of Cherry Valley Community Facilities. 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: $323
- Gross Receipts: $197,845
Assets and Liabilities:
- Total Assets: $1,810,835
- Total Liabilities: $580,058
- Net Assets: $1,230,777
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Organization Details
Founding Year
1996
Phone
(607) 264-9300Principal Officer
Richard Saba
Main Address
PO BOX 66, CHERRY VALLEY, NY, 13320
NTEE Category
Code: S20 - Community improvement
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