Overview
What is Mountain Valley Economic Opportunity Authority?
Mountain Valley Economic Opportunity Authority is a nonprofit organization situated in Knoxville, Tennessee, specifically at 9111 Cross Park Drive Suite D-100. Their primary mission is to support a variety of community services aimed at promoting self-sufficiency within the low-income population. Acting as a designated Community Action Agency, they offer essential services such as in-home delivered meals and emergency assistance. Their mission is geared towards uplifting rural and elderly individuals, ensuring they maintain a decent standard of living.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating
Mountain Valley Economic Opportunity Authority has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 90% overall, with its rating based entirely on its accountability and finance metrics. This high score indicates a robust commitment to responsible financial management and transparency.
One of the key strengths of the Mountain Valley Economic Opportunity Authority is its governance structure, as evidenced by having 100% independent board members and a well-sized board. The organization has demonstrated excellent practices by maintaining detailed financial statements and having no material diversion of assets. Furthermore, it has established strong conflict of interest and whistleblower policies, which contribute to its overall governance quality.
The organization also invests a significant portion of its resources into programs, with an impressive program expense ratio of 90.47%. This indicates that the majority of funds are directed towards fulfilling its mission rather than administrative costs. Overall, the Mountain Valley Economic Opportunity Authority showcases strong performance and dedication to supporting its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Mountain Valley Economic Opportunity Authority legitimate?
Mountain Valley Economic Opportunity Authority is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mountain Valley Economic Opportunity Authority 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:
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Other Salaries and Wages: $232,453
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What is the mission statement of Mountain Valley Economic Opportunity Authority?
The Mountain Valley Economic Opportunity Authority, acting as a designated Community Action Agency, is committed to supporting a variety of community services aimed at promoting self-sufficiency among the low-income population. Their mission is to provide essential resources and assistance to help this demographic overcome challenges and achieve financial independence. Some of the services they offer include in-home delivered meals and emergency assistance, particularly for rural and elderly individuals. By providing these essential services, the Mountain Valley Economic Opportunity Authority strives to enhance the quality of life and foster self-sufficiency within the low-income community.
Who is the CEO of Mountain Valley Economic Opportunity Authority?
Gary W Holiway is the Executive Di of Mountain Valley Economic Opportunity Authority.
What is the revenue of Mountain Valley Economic Opportunity Authority?
Mountain Valley Economic Opportunity Authority's revenue in 2022 was $709,503.
Who are the executives of Mountain Valley Economic Opportunity Authority and what are their salaries?
There 20 volunteers at Mountain Valley Economic Opportunity Authority.
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Where can I find the form 990 for Mountain Valley Economic Opportunity Authority?
Mountain Valley Economic Opportunity Authority's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mountain Valley Economic Opportunity Authority
Mountain Valley Economic Opportunity Authority, as a designated Community Action Agency, is committed to supporting a variety of community services aimed at promoting self-sufficiency among low-income populations. This nonprofit organization's mission is to provide essential services that cater to the needs of rural and elderly community members. Among these services, Mountain Valley Economic Opportunity Authority offers in-home delivered meals and emergency assistance, ensuring that vulnerable individuals have access to basic necessities. By providing these resources, the organization strives to empower the low-income population, enabling them to become more self-reliant and improve their overall quality of life.
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Impact
July, 2024
Mountain Valley Economic Opportunity Authority's impact is felt through the provision of essential community services to support self-sufficiency among the low-income population in Knoxville, TN. This includes services such as in-home delivered meals and emergency assistance, particularly benefiting rural and elderly individuals. By operating as a designated Community Action Agency, Mountain Valley Economic Opportunity Authority plays a vital role in improving the well-being and quality of life for those in need within the community.
This information is meant to be a general summary of Mountain Valley Economic Opportunity Authority. 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.
- Gross Receipts: $709,503
Assets and Liabilities:
- Total Assets: $341,915
- Total Liabilities: $123,276
- Net Assets: $218,639
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Organization Details
Founding Year
1972
Phone
(865) 691-2551Principal Officer
Gary W Holiway
Main Address
9111 CROSS PARK DRIVE SUITE D-100, KNOXVILLE, TN, 37923
NTEE Category
Code: S99Z - Community improvement
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