Overview
What is Mon Valley Initiative?
Mon Valley Initiative is a community development corporation situated in Homestead, Pennsylvania. Its primary mission is to revitalize and strengthen the Mon Valley region, achieved through responsible investment in its people and places. The organization operates in three program areas: Real Estate and Community Development, Housing Counseling and Workforce Development, and Financial Coaching. In the realm of Real Estate, Mon Valley Initiative engages in direct development services, rehabilitating and selling blighted properties, constructing new housing, offering owner-occupied rehabs, and developing strategic commercial spaces. The corporation collaborates with local partners to complete or facilitate the transfer of over 600 housing units, with more in the pipeline.
Official website here: www.monvalleyinitiative.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Mon Valley Initiative has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a perfect score in several categories, including independent board members and financial oversight, the organization demonstrates a strong commitment to transparency and good governance.
Strengths of the organization include its effective financial management, with a program expense ratio of 96.84%, suggesting that the vast majority of funds are directed toward its mission-driven activities. The presence of a fully independent board and comprehensive policies for conflict of interest and whistleblower protections further enhance its credibility and operational integrity.
While the data reflects strong performance in accountability and finance, no specific user feedback or operational effectiveness metrics are provided. This absence may limit the understanding of the organization's impact beyond financial health, but the high ratings still suggest a well-managed organization dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Mon Valley Initiative legitimate?
Mon Valley Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mon Valley Initiative 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: $280,703
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,018,992
For more financial information, click here
Official website here: www.monvalleyinitiative.com
What is the mission statement of Mon Valley Initiative?
The Mon Valley Initiative serves as a community development corporation, representing various communities and stakeholders along the Monongahela River and its tributaries in three southwestern Pennsylvania counties. Its mission, in its own words, is to strengthen the Mon Valley region by responsibly investing in its people and places. To execute this mission, the Mon Valley Initiative has organized into three program areas: real estate and community development, housing counseling and workforce development, and financial coaching. Through these programs, the organization aims to enhance the Mon Valley region by investing in its infrastructure, workforce, and financial well-being.
Official website here: www.monvalleyinitiative.com
Who is the CEO of Mon Valley Initiative?
Laura Zinski is the Ceo of Mon Valley Initiative. The CEO's salary of Mon Valley Initiative is $112,000 and their total compensation is $112,000.
Official website here: www.monvalleyinitiative.com
What is the revenue of Mon Valley Initiative?
Mon Valley Initiative's revenue in 2022 was $6,041,263.
Official website here: www.monvalleyinitiative.com
Who are the executives of Mon Valley Initiative and what are their salaries?
The average compensation at Mon Valley Initiative during 2022 was $48,137. There are 27 employees and 135 volunteers at Mon Valley Initiative.
Here are 14 key members and their salaries (Mon Valley Initiative's CEO's salary is $112,000 and their total compensation is $112,000):
- Compensation: $112,000
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- Other: $0
- Compensation: $87,434
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- Compensation: $81,269
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Official website here: www.monvalleyinitiative.com
Where can I find the form 990 for Mon Valley Initiative?
Mon Valley Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.monvalleyinitiative.com
Learn more at the official website: www.monvalleyinitiative.com
Mission Statement of Mon Valley Initiative
The Mon Valley Initiative, as a regional community development corporation, is committed to strengthening the Mon Valley region. It achieves this mission by investing responsibly in both its people and places. The organization is structured into three program areas to effectively carry out this mission: Real Estate and Community Development, Housing Counseling and Workforce Development, and Financial Coaching.
In the realm of Real Estate and Community Development, the Mon Valley Initiative focuses on enhancing the physical infrastructure of the region. This involves responsible investment in various community projects, aiming to revitalize and improve the overall quality of life for its residents.
The Housing Counseling and Workforce Development program area is dedicated to assisting individuals and families in the Mon Valley region. Through housing counseling, the initiative helps residents navigate the complex world of homeownership, providing valuable guidance and resources. Additionally, the Workforce Development component offers training and education to equip locals with the skills necessary to secure and maintain employment, thereby improving their economic well-being.
Lastly, the Financial Coaching program area is designed to empower individuals and families to make sound financial decisions. Mon Valley Initiative's financial coaches provide one-on-one support, guiding clients in establishing and managing their budgets, saving for emergencies, and building wealth.
Thus, the Mon Valley Initiative's mission can be summarized as an organization that invests in its region's people and places, offering various programs and services to improve the quality of life, promote economic growth, and equip residents with the necessary financial tools for success.
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Impact
October, 2024
The Mon Valley Initiative significantly strengthens the Mon Valley region through strategic investments in people and infrastructure. Its real estate development program revitalizes member communities by stabilizing the built environment and property values, enhancing public safety and community confidence. By addressing issues of blight and vacancy, the organization facilitates the rehabilitation and resale of distressed properties.
To date, the initiative has successfully completed the construction or redevelopment of 675 housing units, with additional projects in the pipeline. The focus on developing targeted commercial spaces and supporting community planning enhances local economies and cultivates a vibrant atmosphere for residents and businesses alike. Overall, the Mon Valley Initiative plays a pivotal role in ensuring sustainable community development, ultimately fostering a stronger, more resilient Mon Valley region.
This information is meant to be a general summary of Mon Valley Initiative. 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: $80,046
- Program Service Revenue: $2,970,412
- Gross Receipts: $6,086,099
Assets and Liabilities:
- Total Assets: $14,466,741
- Total Liabilities: $3,043,347
- Net Assets: $11,423,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Construction Grants
Revenue
$2,786,878
Developer Fee
Revenue
$100,000
Program Service
Revenue
$83,534
Organization Details
Founding Year
1988
Phone
(412) 464-4000Principal Officer
Laura Zinski
Main Address
303-305 East Eighth Avenue, Homestead, PA, 15120
Website
www.monvalleyinitiative.comNTEE Category
Code: S200 - Community improvement
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