Overview
What is Valley Community Development Corporation?
Valley Community Development Corporation, located at 256 Pleasant Street Suite A, Northampton, MA 01060, is a dedicated nonprofit organization with a mission to empower low- and moderate-income individuals and underserved populations. They achieve this objective through three key areas of community development: providing support for homeownership, such as first-time homebuyer workshops and foreclosure prevention counseling; creating affordable housing; and fostering small business development. Beyond rental properties, Valley Community Development Corporation also develops these properties, ensuring the availability of permanent, affordable housing for the community in Northampton and Amherst. With a team of 11 employees, this organization is committed to uplifting its community by addressing essential needs and promoting sustainable growth.
Official website here: www.valleycdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%
Valley Community Development Corporation has earned a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. With an overall score of 83%, the organization demonstrates strong management practices, particularly in the areas of accountability and finance, which scored 81%. The organization benefits from a fully independent board and has robust financial oversight mechanisms in place.
The nonprofit excels in its culture and community aspects, achieving an impressive score of 93%. This highlights its commitment to transparency, with excellent practices in feedback collection and usage. The organization's program expense ratio is high at 84.67%, indicating that a significant portion of its funds directly supports its programs and mission.
Despite these strengths, the rating does not indicate any notable limitations or challenges in the organization's operations. Overall, Valley Community Development Corporation shows a strong commitment to its mission and effective governance practices, positioning it well within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Valley Community Development Corporation legitimate?
Valley Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Community Development 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: $57,116
Professional Fundraising Fees: $0
Other Salaries and Wages: $399,910
For more financial information, click here
Official website here: www.valleycdc.org
What is the mission statement of Valley Community Development Corporation?
Valley Community Development Corporation works towards empowering low- and moderate-income individuals and underserved populations. They achieve this by focusing on three key areas of community development: providing support for homeownership through workshops and foreclosure prevention counseling, creating affordable housing, and promoting small business development. The organization also manages rental properties, offering permanent, affordable housing to these same populations. All rental properties were developed by Valley Community Development Corporation itself.
Official website here: www.valleycdc.org
Who is the CEO of Valley Community Development Corporation?
Liz Sullivan is the Treasurer of Valley Community Development Corporation.
Official website here: www.valleycdc.org
What is the revenue of Valley Community Development Corporation?
Valley Community Development Corporation's revenue in 2022 was $2,066,960.
Official website here: www.valleycdc.org
Who are the executives of Valley Community Development Corporation and what are their salaries?
The average compensation at Valley Community Development Corporation during 2022 was $41,548. There are 11 employees and 16 volunteers at Valley Community Development Corporation.
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Official website here: www.valleycdc.org
Where can I find the form 990 for Valley Community Development Corporation?
Valley Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.valleycdc.org
Learn more at the official website: www.valleycdc.org
Mission Statement of Valley Community Development Corporation
Valley Community Development Corporation, a nonprofit organization, is committed to empowering low- and moderate-income individuals and underserved populations. They achieve this by focusing on three key areas of community development: homeownership support, creating affordable housing, and small business development. Their homeownership support includes offering first-time homebuyer workshops and foreclosure prevention counseling. In their pursuit of creating affordable housing, they develop rental properties that provide permanent, affordable housing to those in need. Lastly, they contribute to small business development by supporting the growth and sustainability of small businesses within the community.
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Impact
October, 2024
Valley Community Development Corporation significantly impacts low- and moderate-income individuals and underserved populations in Northampton and Amherst, MA. By focusing on three core areas—homeownership support, affordable housing creation, and small business development—it empowers communities and fosters economic stability.
In the realm of homeownership, the organization provides crucial support through first-time homebuyer workshops and foreclosure prevention counseling, helping individuals navigate the complexities of purchasing and maintaining a home. This guidance not only increases homeownership rates but also strengthens community ties and fosters a sense of belonging.
Affordable housing initiatives are another cornerstone of its impact. Valley has developed permanent rental housing options for those who need them most, ensuring that low- and moderate-income residents have access to safe and stable living situations. This availability of affordable rental properties enhances community resilience and helps to reduce housing insecurity.
Additionally, through small business development programs, Valley encourages entrepreneurship and economic empowerment, providing resources and support to individuals looking to start or grow their businesses. This focus on small businesses contributes to local economic growth and job creation, benefiting the broader community.
Overall, Valley Community Development Corporation plays a vital role in enhancing the quality of life for residents and promoting social equity through its targeted efforts in housing and economic development.
This information is meant to be a general summary of Valley Community Development 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,162
- Program Service Revenue: $164,114
- Gross Receipts: $2,066,960
Assets and Liabilities:
- Total Assets: $13,299,896
- Total Liabilities: $10,054,297
- Net Assets: $3,245,599
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE
Revenue
$164,114
Organization Details
Founding Year
1988
Phone
(413) 586-5855Principal Officer
Liz Sullivan
Main Address
256 PLEASANT STREET SUITE A, NORTHAMPTON, MA, 01060
Website
www.valleycdc.orgNTEE Category
Code: L30Z - Housing
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