Mohawk Valley Rehabilitation Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222258007 ✦ Mohawk, NY ✦ Designated as a 501(c)(4)

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Overview

What is Mohawk Valley Rehabilitation Corporation?

Mohawk Valley Rehabilitation Corporation, established in 1979, is a 501(c)4 organization situated in Mohawk, New York. Primarily functioning as a state and federal revolving loan fund, the organization has disbursed 348 loans within a six-county region, with a focus on supporting small businesses. By providing financing for land and facility development, Mohawk Valley Rehabilitation Corporation aims to stimulate job creation in the region. Its operations encompass various standard expenses such as accounting, insurance, filing, legal, credit, bad debt, and miscellaneous costs.


Official website here: www.mvedd.org

Is Mohawk Valley Rehabilitation Corporation legitimate?

Mohawk Valley Rehabilitation Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Mohawk Valley Rehabilitation Corporation 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


Official website here: www.mvedd.org

What is the mission statement of Mohawk Valley Rehabilitation Corporation?

Mohawk Valley Rehabilitation Corporation's mission is centered around providing small business loans, with the primary aim of developing and recycling land and facilities. This initiative is primarily aimed at fostering job creation. The organization, established in 1979, operates as a 501(C)4 organization and has disbursed a total of 348 loans within a six-county region. The corporation's activities encompass standard expenses such as accounting fees, insurance, filing, legal costs, credit services, bad debt, and miscellaneous expenses.


Official website here: www.mvedd.org

Who is the CEO of Mohawk Valley Rehabilitation Corporation?

Stephen R Smith is the Director of Mohawk Valley Rehabilitation Corporation. The CEO's salary of Mohawk Valley Rehabilitation Corporation is $0 and their total compensation is $106,174.


Official website here: www.mvedd.org

What is the revenue of Mohawk Valley Rehabilitation Corporation?

Mohawk Valley Rehabilitation Corporation's revenue in 2022 was $105,886.


Official website here: www.mvedd.org

Who are the executives of Mohawk Valley Rehabilitation Corporation and what are their salaries?


Here are 8 key members and their salaries (Mohawk Valley Rehabilitation Corporation's CEO's salary is $0 and their total compensation is $106,174):


Ron Peters (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Filmer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Shineman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Spaeth (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Marucci (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fran Enjem (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allison Nowak Madmoune (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen R Smith (Executive Vp And Ceo)
  • Compensation: $0
  • Related: $68,877
  • Other: $37,297


Official website here: www.mvedd.org

Where can I find the form 990 for Mohawk Valley Rehabilitation Corporation?

Mohawk Valley Rehabilitation Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mvedd.org

Learn more at the official website: www.mvedd.org

Mission Statement of Mohawk Valley Rehabilitation Corporation

Mohawk Valley Rehabilitation Corporation, established in 1979, is a 501(c)4 organization with a mission to provide small business loans that facilitate the development and recycling of land and facilities. This mission aims to stimulate job creation in a six-county region. The corporation acts as a revolving loan fund, disbursing a total of 348 loans to date. While managing these loans, Mohawk Valley Rehabilitation Corporation incurs standard expenses such as accounting fees, insurance, filing costs, legal fees, credit assessments, bad debt, and miscellaneous expenses. The corporation's primary focus is on fostering economic growth and creating job opportunities within its service area.

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Impact




October, 2024

Mohawk Valley Rehabilitation Corporation (MVRC) plays a significant role in enhancing economic development within its six-county region by providing small business loans aimed at revitalizing land and facilities. Established in 1979, MVRC has successfully disbursed a total of 348 loans, directly contributing to job creation and community improvement.

By focusing on developing and recycling local infrastructure, MVRC facilitates the growth of small businesses, which are crucial for the economy. The loans enable entrepreneurs to invest in their operations, expand their services, and hire new employees, thereby fostering a more vibrant and sustainable economic environment. MVRC's efforts not only support individual businesses but also contribute to the overall resilience and improvement of the local community, positioning it as a vital resource for economic growth and stability in the Mohawk Valley area.




This information is meant to be a general summary of Mohawk Valley Rehabilitation Corporation. 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.

Revenue
$105,886 (2022)
Expenses
$77,369 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $436
  • Program Service Revenue: $101,158
  • Gross Receipts: $105,886

Assets and Liabilities:

  • Total Assets: $4,529,950
  • Total Liabilities: $581,858
  • Net Assets: $3,948,092

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST AND SERV

Revenue

$101,158

Organization Details

Founding Year

1979

Principal Officer

Stephen R Smith

Main Address

26 WEST MAIN STREET, MOHAWK, NY, 13407

NTEE Category

Code: S31 - Community improvement

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