Overview
What is Valley Small Business Development Corporation?
Valley Small Business Development Corporation, located in Fresno, California (93711), is a nonprofit organization dedicated to empowering underprivileged small business entrepreneurs. By offering capital, management assistance, and various financial resources, such as loan services, personnel, and business education, they stimulate economic development in economically disadvantaged areas across California. The corporation's mission is to foster small business growth in these areas, ultimately contributing to employment opportunities and overall development. With a team of 12 individuals, they are committed to uplifting their community through entrepreneurship.
Official website here: www.vsbdc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The Valley Small Business Development Corporation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial management. The overall score reflects a strong performance in governance, with 100% of the board members being independent. This independence is critical for ensuring that the organization operates transparently and in the best interests of its mission.
Strengths of the organization include comprehensive policies in place for conflict of interest, whistleblower protections, and document retention, all of which enhance operational integrity. Additionally, the organization maintains an audit and oversight committee that has garnered full points, indicating rigorous financial oversight. The transparency in their financial reporting, evidenced by the availability of board meeting minutes and a listed website on their tax forms, further strengthens their accountability profile.
However, there are some areas for improvement. The liabilities to assets ratio stands at 65.94%, which might suggest some financial risk, and the program expense ratio of 66.13% shows that while a majority of expenses are directed towards programs, there is still room for enhancement in maximizing program funding. Overall, while the Valley Small Business Development Corporation demonstrates significant strengths in governance and transparency, it should focus on improving financial health to enhance its overall rating further.
This AI summary has been generated from information found on Charity Navigator.
Is Valley Small Business Development Corporation legitimate?
Valley Small Business Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Small Business Development Corporation 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: $185,836
Professional Fundraising Fees: $0
Other Salaries and Wages: $506,547
For more financial information, click here
Official website here: www.vsbdc.com
What is the mission statement of Valley Small Business Development Corporation?
The Valley Small Business Development Corporation is dedicated to supporting small business entrepreneurs in economically disadvantaged areas. Their mission involves providing essential financial resources, such as loans, personnel, and business education, with the aim of stimulating economic development. By offering these services, the corporation has contributed to the creation of employment opportunities and the overall development in various parts of the state, in this case, California.
Official website here: www.vsbdc.com
Who is the CEO of Valley Small Business Development Corporation?
Debbie Raven is the Ceo of Valley Small Business Development Corporation. The CEO's salary of Valley Small Business Development Corporation is $160,400 and their total compensation is $185,836.
Official website here: www.vsbdc.com
What is the revenue of Valley Small Business Development Corporation?
Valley Small Business Development Corporation's revenue in 2022 was $2,277,955.
Official website here: www.vsbdc.com
Who are the executives of Valley Small Business Development Corporation and what are their salaries?
The average compensation at Valley Small Business Development Corporation during 2022 was $57,699. There are 12 employees at Valley Small Business Development Corporation.
Here are 9 key members and their salaries (Valley Small Business Development Corporation's CEO's salary is $160,400 and their total compensation is $185,836):
- Compensation: $160,400
- Related: $0
- Other: $25,436
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.vsbdc.com
Where can I find the form 990 for Valley Small Business Development Corporation?
Valley Small Business Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vsbdc.com
Learn more at the official website: www.vsbdc.com
Mission Statement of Valley Small Business Development Corporation
Valley Small Business Development Corporation, in its mission, aims to provide essential financial resources and management assistance to small business entrepreneurs residing in economically disadvantaged areas. This nonprofit organization offers various services such as loan services, personnel, and business education, with the ultimate goal of stimulating economic development. By extending capital to underprivileged entrepreneurs, Valley Small Business Development Corporation plays a significant role in promoting employment and development in these targeted areas across California.
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Impact
July, 2024
Valley Small Business Development Corporation has had a significant impact on stimulating economic development and creating opportunities for small business entrepreneurs in economically disadvantaged areas throughout the state of California. By providing capital, management assistance, and other financial resources, including loan services and business education, they have been instrumental in empowering underprivileged small business owners to start and grow their businesses. This has resulted in the stimulation of employment and development in targeted areas, contributing to the overall improvement of communities and the economy.
This information is meant to be a general summary of Valley Small Business Development Corporation. 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: $1,241,258
- Gross Receipts: $2,277,955
Assets and Liabilities:
- Total Assets: $20,013,604
- Total Liabilities: $14,993,162
- Net Assets: $5,020,442
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Income
Revenue
$758,022
Loan & Servicing Fees
Revenue
$423,684
Miscellaneous Income
Revenue
$17,552
Rental Income
Revenue
$42,000
Organization Details
Founding Year
1977
Phone
(559) 438-9680Principal Officer
Debbie Raven
Main Address
7035 North Fruit Avenue, Fresno, CA, 93711
Website
www.vsbdc.comNTEE Category
Code: S43Z - Community improvement
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