Overview
What is Valley Housing Fund?
Valley Housing Fund is a nonprofit organization situated in Gunnison, Colorado. Their primary mission involves constructing and promoting affordable and workforce housing developments within the community. In 2022, they built three single-family rentals for workers and contributed financially to the creation of additional affordable housing units. The organization also supports Habitat for Humanity of Gunnison County by providing funds for low-income homes. Working collaboratively, Valley Housing Fund contributes to the strengthening of the Gunnison Valley community by creating and supporting accessible housing opportunities.
Official website here: www.vhfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Valley Housing Fund has achieved a commendable 96% rating, reflecting its strong performance in accountability and finance. The organization boasts a fully independent board of directors, highlighting its commitment to transparency and governance. Key financial metrics indicate a healthy balance sheet, with a liabilities to assets ratio of only 0.70%, suggesting effective financial management.
The nonprofit prioritizes program expenses, with an impressive program expense ratio of 87.17%. This high percentage indicates that a substantial portion of its funding is directed towards its mission-driven programs rather than administrative costs. Additionally, Valley Housing Fund has established robust policies, including conflict of interest and whistleblower policies, which further underscores its dedication to ethical operations.
While the organization shows exceptional strengths in financial accountability and governance, it is important for potential donors and stakeholders to continuously monitor its impact and program outcomes to ensure effectiveness over time. Overall, Valley Housing Fund stands out as a strong candidate for support due to its high rating and commitment to transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Valley Housing Fund legitimate?
Valley Housing Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Housing Fund 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: $54,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.vhfund.org
What is the mission statement of Valley Housing Fund?
The Valley Housing Fund works collaboratively to create and support affordable and accessible housing opportunities, aiming to strengthen the community. Their mission is achieved through various activities, such as constructing workforce housing developments and providing outreach and education to the community regarding housing. In 2022, they constructed three single-family workforce rental units and donated funds to Habitat for Humanity and other organizations to build new low-income homes and contribute to affordable housing units.
Official website here: www.vhfund.org
Who is the CEO of Valley Housing Fund?
Scott Desmarais is the President of Valley Housing Fund.
Official website here: www.vhfund.org
What is the revenue of Valley Housing Fund?
Valley Housing Fund's revenue in 2022 was $542,521.
Official website here: www.vhfund.org
Who are the executives of Valley Housing Fund and what are their salaries?
The average compensation at Valley Housing Fund during 2022 was $54,167. There is 1 employee and 18 volunteers at Valley Housing Fund.
Here are 9 key members and their salaries:
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- Compensation: $54,167
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Official website here: www.vhfund.org
Where can I find the form 990 for Valley Housing Fund?
Valley Housing Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vhfund.org
Learn more at the official website: www.vhfund.org
Mission Statement of Valley Housing Fund
Valley Housing Fund, a collaborative organization, is dedicated to enhancing the community of Gunnison Valley by creating and supporting affordable and accessible housing opportunities. Their mission is twofold: firstly, they aim to construct and facilitate the development of affordable housing options, and secondly, they engage in outreach and education within the community regarding housing-related matters.
In practice, Valley Housing Fund has demonstrated their commitment to this mission by actively participating in several projects. In the year 2022 alone, they constructed three single-family workforce rental units. Additionally, they extended their support to Habitat for Humanity of Gunnison County, donating a substantial sum of $200,000 to fund the construction of new low-income homes. Furthermore, Valley Housing Fund also contributed $139,000 towards the creation of 44 deed-restricted affordable housing units. These initiatives reflect their unwavering dedication to providing affordable housing options and strengthening their community.
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Impact
July, 2024
Valley Housing Fund's impact includes constructing affordable and workforce housing developments, donating to organizations like Habitat for Humanity of Gunnison County to fund low-income homes, and contributing to the creation of new deed-restricted affordable housing units. These efforts aim to strengthen the Gunnison Valley community by increasing access to affordable housing options.
This information is meant to be a general summary of Valley Housing Fund. 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: $38,222
- Program Service Revenue: $13,033
- Gross Receipts: $553,291
Assets and Liabilities:
- Total Assets: $3,520,333
- Total Liabilities: $24,646
- Net Assets: $3,495,687
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING RENTAL INCOME
Revenue
$13,033
Organization Details
Founding Year
2010
Phone
(970) 901-9032Principal Officer
Scott Desmarais
Main Address
PO BOX 1742, GUNNISON, CO, 81230
Website
www.vhfund.orgNTEE Category
Code: L21 - Housing
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