Form 990 for tax year 2024
Filed by VALLEY HOUSING DEVELOPMENT CORPORATION INCORPORATED.
Totals
- Total revenue
- $210,236
- Total expenses
- $354,614
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $208,673
- Investment income
- $1,563
- Other revenue
- $0
- Total assets, end of year
- $3,330,675
- Total liabilities, end of year
- $3,074,548
- Net assets or fund balances, end of year
- $256,127
- Program services expenses (Part IX)
- $320,556
- Management and general expenses
- $34,058
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $320,556
Program services were 90.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: RENTAL INCOME
total $208,673 · related or exempt $208,673
-
3 · Investment income
total $1,563 · excluded $1,563
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $62,374 · program services $62,374
-
9 · Other employee benefits
total $9,845 · program services $9,845
-
10 · Payroll taxes
total $5,972 · program services $5,972
-
11a · Fees: management
total $18,988 · management and general $18,988
-
11b · Fees: legal
total $2,988 · program services $2,988
-
11c · Fees: accounting
total $15,000 · management and general $15,000
-
11g · Fees: other
total $3,667 · program services $3,667
-
13 · Office expenses
total $4,911 · program services $4,911
-
17 · Travel
total $1,482 · program services $1,482
-
20 · Interest
total $6,783 · program services $6,783
-
22 · Depreciation, depletion and amortization
total $115,812 · program services $115,812
-
23 · Insurance
total $8,687 · program services $8,687
-
24a · Other expenses: UTILITIES
total $21,085 · program services $21,085
-
24b · Other expenses: CONTRACTS
total $20,303 · program services $20,303
-
24c · Other expenses: REAL ESTATE TAXES
total $19,041 · program services $19,041
-
24d · Other expenses: SNOW REMOVAL
total $15,347 · program services $15,347
-
24e · All other expenses
total $22,329 · program services $22,259 · management and general $70
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,355 · end of year $3,788
-
4 · Accounts receivable
beginning of year $25,727 · end of year $33,983
-
9 · Prepaid expenses and deferred charges
end of year $803
-
10a · Land, buildings and equipment: cost or other basis
$4,609,254
-
10b · Land, buildings and equipment: accumulated depreciation
$1,456,770
-
10c · Land, buildings and equipment, net
beginning of year $3,266,311 · end of year $3,152,484
-
15 · Other assets
beginning of year $128,033 · end of year $139,617
-
17 · Accounts payable and accrued expenses
beginning of year $90,855 · end of year $162,714
-
19 · Deferred revenue
beginning of year $15,162 · end of year $4,808
-
23 · Secured mortgages and notes payable
beginning of year $2,917,904 · end of year $2,896,852
-
25 · Other liabilities
beginning of year $13,000 · end of year $10,174
-
27 · Net assets without donor restrictions
beginning of year $400,505 · end of year $256,127
Mission and programs · 2024
Mission
VALLEY HOUSING DEVELOPMENT CORPORATION PRIMARY PURPOSE IS TO PROVIDE FARM LABORERS WITH AFFORDABLE HOUSING FACILITIES.
-
VALLEY HOUSING DEVELOPMENT CORPORATION PROVIDED 18 UNITS OF RESIDENTIAL HOUSING TO FARM LABORERS IN HOLYOKE, MASSACHUSETTS.
Expenses $320,556 · Revenue $208,673
As filed on the 2024 return.
Listed in Part VII
-
Betty LichtensteinBETTY LICHTENSTEIN
PRESIDENT/DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dolores ScottDOLORES SCOTT
TREASURER/ASST. CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Sylvia GalvanSYLVIA GALVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary BirksMARY BIRKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Theresa Cooper-GordanTHERESA COOPER-GORDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Diosdado LopezDIOSDADO LOPEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elaine VegaELAINE VEGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Miguel ArceMIGUEL ARCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carol WalkerCAROL WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 25 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513159349302321
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