Overview
What is Valley Housing Development Corp?
Valley Housing Development Corp is a nonprofit organization established with the purpose of addressing housing needs for low- and moderate-income families. They manage funds to offer affordable home loans, making housing accessible for those who might struggle in the private market. Additionally, they provide transitional housing for individuals and families leaving homeless shelters, ensuring a smooth transition to independent living. Lastly, they offer low-cost rental properties to support these income groups, contributing to their overall housing stability.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Valley Housing Development Corp has received an 84% rating from Charity Navigator, indicating a solid level of performance, particularly in the area of accountability and finance. The organization boasts a strong independent board with full compliance on key governance standards, reflecting a commitment to transparency and responsible management.
The charity excels in its financial management, with a high program expense ratio of 95.09%, signaling that a significant portion of its funds are directed toward its mission-related activities. Furthermore, the organization has no reported material diversion of assets, which reinforces its financial integrity. The presence of an audit and oversight committee further supports its strong fiscal practices.
However, there are noted gaps in governance policies, specifically the absence of a conflict of interest policy and a whistleblower policy. This lack of documentation could potentially impact the organization's overall governance effectiveness. Despite this, the strengths in financial accountability and operational integrity position Valley Housing Development Corp favorably within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Valley Housing Development Corp legitimate?
Valley Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Housing Development Corp 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.none
What is the mission statement of Valley Housing Development Corp?
Valley Housing Development Corp was established with the mission to manage funds for providing affordable housing solutions. The corporation aims to offer loans to low and moderate-income households who might struggle to secure housing in the private market. Additionally, Valley Housing Development Corp provides transitional housing for those exiting homeless shelters. Furthermore, the organization offers low-cost rental housing options for low and moderate-income families. In essence, the corporation's mission is to ensure that individuals in need of housing have access to suitable options.
Official website here: www.none
Who is the CEO of Valley Housing Development Corp?
Joseph Schupp is the President of Valley Housing Development Corp.
Official website here: www.none
What is the revenue of Valley Housing Development Corp?
Valley Housing Development Corp's revenue in 2022 was $5,132,183.
Official website here: www.none
Who are the executives of Valley Housing Development Corp and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Valley Housing Development Corp
Valley Housing Development Corp, a nonprofit organization, was established with the primary objective of addressing the housing needs of low-income and moderate-income families. The corporation's mission is multifaceted, aiming to provide housing solutions that are not readily available in the private market. It accomplishes this by administering funds to provide loans for housing, thereby making it more affordable for these income groups.
In addition to loan provision, Valley Housing Development Corp also offers transitional housing for individuals and families who have recently exited homeless shelters. This transitional housing serves as a stepping stone, helping these individuals regain stability and independence. Furthermore, the organization provides low-cost rental housing for low-income and moderate-income families, ensuring that they have access to decent and affordable living spaces.
By fulfilling these housing needs, Valley Housing Development Corp plays a significant role in improving the living conditions of its target population. The organization's mission is aligned with the broader goal of promoting social equality and ensuring that everyone has access to basic necessities, including a safe and secure home.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Valley Housing Development Corporation significantly impacts the community by addressing the critical housing needs of low and moderate-income households in Emmaus, PA. By providing loans for affordable housing, the organization enables families that might otherwise be excluded from the private market to secure safe and stable homes.
Additionally, Valley Housing plays a vital role in supporting individuals transitioning from homelessness by offering transitional housing options. This crucial support helps to facilitate the shift from shelter life to permanent housing, ultimately fostering stability and self-sufficiency for vulnerable populations.
The organization also focuses on creating low-cost rental housing, which directly contributes to easing the housing burden faced by many residents. By doing so, Valley Housing not only enhances individual living conditions but also strengthens the overall community by promoting inclusive and sustainable housing solutions. The multifaceted approach of Valley Housing Development Corporation ensures that essential housing resources are accessible to those who need them the most, thereby making a lasting impact on the lives of countless families in the region.
This information is meant to be a general summary of Valley Housing Development Corp. 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: $172,596
- Program Service Revenue: $2,639,377
- Gross Receipts: $5,132,183
Assets and Liabilities:
- Total Assets: $13,755,428
- Total Liabilities: $6,083,922
- Net Assets: $7,671,506
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$868,836
TENANT BASED ASSISTANC
Revenue
$722,864
TENANT RENT - OTHER
Revenue
$528,786
PROGRAM RELATED INV. I
Revenue
$444,297
MANAGEMENT FEES
Revenue
$74,594
Organization Details
Founding Year
1982
Phone
(610) 965-4514Principal Officer
Joseph Schupp
Main Address
635 BROAD STREET, EMMAUS, PA, 18049
Website
www.noneNTEE Category
Code: L20 - Housing
If you are a representative of Valley Housing Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.