Overview
What is Valley Residential Services Inc?
Valley Residential Services Inc, established in Herkimer, New York, operates as a 76-bed enriched housing facility, catering to individuals who desire the independence of apartment living while benefiting from assisted living services. The nonprofit provides skilled staff, nurses, medication management, and emergency care. It accommodates residents of limited means who qualify for Medicaid through its Assisted Living Program (ALP). Incorporated in September 2013, Valley Residential Services opened to the public in 2015, expanding its facilities in December 2018, adding amenities like a fitness center. The organization's mission is to establish a supportive living environment for seniors, prioritizing their comfort, life enrichment, and independence while upholding dignity and privacy.
Official website here: www.valleyhealthservices.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Valley Residential Services Inc has received a Three-Star rating on Charity Navigator, indicating a solid performance in accountability and finance. The organization demonstrates strong governance practices with 100% independent board members and well-structured financial oversight, which is reflected in their exemplary score for accountability. The charity's program expense ratio is commendable, allocating nearly 90% of its resources to programs, showcasing a commitment to its mission.
However, the rating also highlights some areas for improvement, particularly in the liabilities to assets ratio, which scored lower. This could indicate potential financial risks that may affect the charity's sustainability in the long term. Overall, while Valley Residential Services Inc has a robust framework for accountability, attention to its financial leverage could enhance its stability and effectiveness.
Prospective donors and stakeholders can feel confident in the organization’s operational integrity, but should consider the financial metrics as part of their decision-making process. The charity's transparency and well-documented policies further reinforce its credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Valley Residential Services Inc legitimate?
Valley Residential Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Residential Services Inc 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: $109,193
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,629,142
For more financial information, click here
Official website here: www.valleyhealthservices.org
What is the mission statement of Valley Residential Services Inc?
Valley Residential Services Inc's mission is centered around providing a supportive living environment for the elderly, ensuring a comfortable life with enriching experiences and assistance with daily needs. The organization strives to uphold dignity, privacy, and independence for its residents. The facility offers apartment-style living with the convenience of assisted living services. Skilled staff members, nurses, and Medicaid assistance allow individuals of limited means to reside in the facility. The organization continuously works towards meeting the daily needs of its residents, promoting a sense of community and well-being.
Official website here: www.valleyhealthservices.org
Who is the CEO of Valley Residential Services Inc?
Connie A Jastremski is the Principal Officer of Valley Residential Services Inc.
Official website here: www.valleyhealthservices.org
What is the revenue of Valley Residential Services Inc?
Valley Residential Services Inc's revenue in 2022 was $2,112,027.
Official website here: www.valleyhealthservices.org
Who are the executives of Valley Residential Services Inc and what are their salaries?
The average compensation at Valley Residential Services Inc during 2022 was $27,593. There are 63 employees and 14 volunteers at Valley Residential Services Inc.
Here are 17 key members and their salaries:
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- Related: $386,903
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- Related: $134,060
- Other: $10,704
Official website here: www.valleyhealthservices.org
Where can I find the form 990 for Valley Residential Services Inc?
Valley Residential Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.valleyhealthservices.org
Learn more at the official website: www.valleyhealthservices.org
Mission Statement of Valley Residential Services Inc
Valley Residential Services Inc, a not-for-profit organization, is committed to establishing a supportive living environment for seniors. Their mission is to ensure a comfortable life for the elderly, enriching their atmosphere while providing assistance with daily needs. The organization promotes dignity, privacy, and independence for its residents, allowing them to maintain their autonomy with the convenience of assisted living. Skilled staff members and nurses are readily available to offer medication management, care in the health center, and emergency transportation when needed. Valley Residential Services Inc, through its New York State Assisted Living Program (ALP), provides access to assisted living services for eligible residents with limited means and Medicaid coverage. The facility, which incorporates the values of independence and comfort, has grown over the years, expanding its offerings to include a wellness and fitness center and additional apartment units.
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Impact
July, 2024
Valley Residential Services Inc's impact lies in providing a supportive living environment for seniors in Herkimer, New York. By offering a combination of apartment living and assisted care, the facility helps frail elders and disabled individuals with limited financial means retain their independence. Through its licensed enriched housing facility, Valley Residential Services ensures residents have access to skilled staff members, medication management, health center assistance, and emergency care and transportation. This organization's mission is centered on promoting dignity, privacy, and independence for seniors in need of support, ultimately contributing to a comfortable and life-enriching atmosphere for its residents.
This information is meant to be a general summary of Valley Residential Services Inc. 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.
- Program Service Revenue: $2,027,257
- Gross Receipts: $2,112,027
Assets and Liabilities:
- Total Assets: $9,403,751
- Total Liabilities: $6,218,526
- Net Assets: $3,185,225
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICE REVENUE, NET
Revenue
$2,027,257
Organization Details
Founding Year
2013
Phone
(315) 866-3330Principal Officer
Connie A Jastremski
Main Address
CO VHS INC 690 W GERMAN STREET, HERKIMER, NY, 13350
Website
www.valleyhealthservices.orgNTEE Category
Code: L99 - Housing
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