Overview
What is Valley Development Initiatives?
Valley Development Initiatives is a nonprofit organization based in Salem, Oregon, with a specific mission to support rural communities in Clackamas, Marion, Polk, and Yamhill counties. They primarily function as an intermediary borrower and relender, utilizing funds from the U.S. Department of Agriculture, Rural Development, and the U.S. Small Business Administration's intermediary relending programs. Their activities involve providing loans to small businesses and offering affordable housing options for low-income families. In addition, they assist homeowners through the Traditional Housing Rehabilitation Loan Program, offering over $200,000 in low-interest loans. Valley Development Initiatives aims to revitalize neighborhoods, promote community economic development, and contract with public bodies to administer such programs.
Is Valley Development Initiatives legitimate?
Valley Development Initiatives is a legitimate nonprofit organization registered as a 501(c)(4) entity. Valley Development Initiatives 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.
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What is the mission statement of Valley Development Initiatives?
Valley Development Initiatives serves as an intermediary borrower and relender within certain programs established by the U.S. Department of Agriculture and the U.S. Small Business Administration. Their primary goal is to provide affordable housing for low-income families, ensuring it is decent, safe, and sanitary. They also engage in neighborhood revitalization and community economic development. Additionally, they administer these programs in partnership with appropriate political subdivisions, utilizing funds from various public agencies. The organization's activities also include lending public funds, such as those made available under the Rural Business Enterprise Grant Program established by Rural Development, to accomplish similar objectives.
Who is the CEO of Valley Development Initiatives?
Scott Dadson is the Principal Officer of Valley Development Initiatives.
What is the revenue of Valley Development Initiatives?
Valley Development Initiatives's revenue in 2022 was $191,112.
Who are the executives of Valley Development Initiatives and what are their salaries?
There 10 volunteers at Valley Development Initiatives.
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- Related: $128,075
- Other: $33,201
Where can I find the form 990 for Valley Development Initiatives?
Valley Development Initiatives's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Valley Development Initiatives
Valley Development Initiatives serves as an intermediary borrower and relender, primarily within programs established by the U.S. Department of Agriculture and the U.S. Small Business Administration. The organization's mission is multifaceted, encompassing several key objectives. Firstly, Valley Development Initiatives utilizes these intermediary relending programs to provide affordable housing for low-income families. This housing is designed to be decent, safe, and sanitary, meeting the basic needs of those in need.
Secondly, the nonprofit is engaged in neighborhood revitalization and community economic development. This aspect of their mission involves using public funds, such as those made available through the Rural Business Enterprise Grant Program, to support these initiatives. By revitalizing neighborhoods and fostering economic development, Valley Development Initiatives aims to improve the living conditions and opportunities for the communities it serves.
Lastly, Valley Development Initiatives contracts with appropriate political subdivisions, or public bodies, to administer these programs on behalf of the organization. This collaboration allows the nonprofit to extend its reach and impact, ensuring that its mission of providing affordable housing and promoting community development is carried out effectively. In essence, Valley Development Initiatives plays a crucial role in enhancing the living conditions of low-income families and revitalizing communities in need.
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Impact
October, 2024
Valley Development Initiatives plays a crucial role in fostering economic growth and improving living conditions in rural communities across Clackamas, Marion, Polk, and Yamhill Counties in Oregon. By acting as an intermediary borrower and relender, the organization facilitates access to essential funding sources, including those from the U.S. Department of Agriculture and the U.S. Small Business Administration.
In the past fiscal year alone, Valley Development Initiatives provided loans to small businesses, directly supporting entrepreneurship and the local economy. Additionally, the organization has helped homeowners access over $200,000 in low-interest loans for housing rehabilitation, ensuring that families can secure affordable, decent, safe, and sanitary homes.
Through its commitment to neighborhood revitalization and community economic development, Valley Development Initiatives not only empowers individuals and families but also contributes to the overall enhancement of rural communities. By connecting public funds with community needs, the organization fosters sustainable development and improves quality of life for many residents in the region.
This information is meant to be a general summary of Valley Development Initiatives. 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: $843
- Program Service Revenue: $190,269
- Gross Receipts: $191,112
Assets and Liabilities:
- Total Assets: $7,121,121
- Total Liabilities: $1,162,889
- Net Assets: $5,958,232
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$188,164
HOUSING PROGRAM
Revenue
$2,105
Organization Details
Founding Year
1994
Phone
(503) 588-6177Principal Officer
Scott Dadson
Main Address
100 HIGH STREET SE 200, SALEM, OR, 97301
NTEE Category
Code: S43 - Community improvement
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