Overview
What is Valley Initiative For Development And Advancement?
Valley Initiative for Development and Advancement, often referred to as VIDA, is a nonprofit organization situated in the Rio Grande Valley. Its primary mission is to empower low-income, unemployed, and underemployed individuals within the region by providing them with the necessary skills training to secure well-paying, high-skilled jobs. VIDA offers job training assistance to help these individuals overcome employment barriers and improve their financial stability.
Official website here: www.vidacareers.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
The Valley Initiative For Development And Advancement has achieved an 89% score, reflecting a strong focus on accountability and finance. This score is derived solely from their accountability and finance metrics, indicating a solid internal structure and governance practices. The organization boasts a fully independent board of directors, with 100% of its members being independent, which enhances its credibility and oversight.
Strengths include a high program expense ratio of 85.51%, suggesting that a significant portion of their resources is directed towards their mission-related programs. They also score well in various categories such as financial statement audits and material diversion of assets, indicating responsible financial management and transparency. Their website is compliant with tax form postings, and they have established policies in some key areas, such as conflict of interest and board meeting documentation.
However, there are notable limitations, particularly with the absence of a whistleblower policy and a document retention and destruction policy, which could impact their accountability standards. Furthermore, while their liabilities to assets ratio is acceptable, it leaves room for improvement. Overall, while the organization demonstrates effective governance, addressing these gaps could further strengthen their operational integrity.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Valley Initiative For Development And Advancement?
100% of 11 reviewers on Facebook recommend the Valley Initiative For Development And Advancement. Here is a summary of their reviews:
The feedback reflects a high level of satisfaction among those who have interacted with the nonprofit. Reviewers express gratitude for the assistance provided, particularly in helping veterans navigate challenges.
Overall, it is clear that the organization effectively meets the needs of its constituents, delivering valuable support and positive outcomes for individuals seeking help.
This AI summary has been generated from reviews found on Facebook.
Is Valley Initiative For Development And Advancement legitimate?
Valley Initiative For Development And Advancement is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Initiative For Development And Advancement 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: $170,767
Professional Fundraising Fees: $0
Other Salaries and Wages: $403,102
For more financial information, click here
Official website here: www.vidacareers.org
What is the mission statement of Valley Initiative For Development And Advancement?
The Valley Initiative for Development and Advancement, often referred to as VIDA, is an organization dedicated to assisting low-income, jobless, and underemployed individuals residing in the Rio Grande Valley. Its mission is to equip these individuals with the necessary training to secure high-skilled, well-compensated positions. By providing this vital support, VIDA aims to contribute to the economic prosperity of its community.
Official website here: www.vidacareers.org
Who is the CEO of Valley Initiative For Development And Advancement?
Felida Villarreal is the Chairperson of Valley Initiative For Development And Advancement.
Official website here: www.vidacareers.org
What is the revenue of Valley Initiative For Development And Advancement?
Valley Initiative For Development And Advancement's revenue in 2022 was $2,551,169.
Official website here: www.vidacareers.org
Who are the executives of Valley Initiative For Development And Advancement and what are their salaries?
The average compensation at Valley Initiative For Development And Advancement during 2022 was $52,170. There are 11 employees and 75 volunteers at Valley Initiative For Development And Advancement.
Here are 16 key members and their salaries:
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Official website here: www.vidacareers.org
Where can I find the form 990 for Valley Initiative For Development And Advancement?
Valley Initiative For Development And Advancement's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vidacareers.org
Learn more at the official website: www.vidacareers.org
Mission Statement of Valley Initiative For Development And Advancement
Valley Initiative For Development And Advancement, often referred to as VIDA, is an organization dedicated to assisting low-income, unemployed, and underemployed individuals in the Rio Grande Valley. The mission of VIDA is to provide these individuals with the necessary job training to secure high-skilled, high-wage positions. By offering this service, VIDA aims to help improve the economic stability and prospects of its community members.
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Impact
July, 2024
Valley Initiative For Development And Advancement (VIDA) has significantly impacted the Rio Grande Valley community by providing job training assistance to low-income, unemployed, and underemployed residents. Through VIDA's programs, individuals are equipped with the necessary skills and training to secure high-skilled, high-wage jobs, ultimately improving their economic prospects and quality of life. The organization's commitment to empowering individuals and enhancing the workforce in Mercedes, Texas, exemplifies its dedication to community improvement.
This information is meant to be a general summary of Valley Initiative For Development And Advancement. 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: $1,289
- Program Service Revenue: $81,000
- Gross Receipts: $2,589,985
Assets and Liabilities:
- Total Assets: $2,040,935
- Total Liabilities: $1,104,161
- Net Assets: $936,774
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE FOR SERVICES
Revenue
$81,000
Organization Details
Founding Year
1995
Phone
(956) 903-1900Principal Officer
Felida Villarreal
Main Address
417 S OHIO AVENUE, MERCEDES, TX, 78570
Website
www.vidacareers.orgNTEE Category
Code: S22 - Community improvement
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