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Nonprofiteer
← THE MON VALLEY INITIATIVE

Form 990 for tax year 2024

Filed by THE MON VALLEY INITIATIVE.

Totals

Total revenue
$5,040,135
Total expenses
$4,743,823
Contributions and grants received
$1,815,810
Grants paid
$465,124
Program service revenue
$2,266,456
Investment income
$405,224
Other revenue
$552,645
Total assets, end of year
$22,832,294
Total liabilities, end of year
$1,528,250
Net assets or fund balances, end of year
$21,304,044
Program services expenses (Part IX)
$4,472,433
Management and general expenses
$263,003
Fundraising expenses
$8,387
Program service expenses (Part III)
$4,472,433

Program services were 94.3% 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.

  • 1e · Government grants (contributions)

    $730,077

  • 1f · All other contributions, gifts and grants

    $1,085,733

  • 2a · Program service revenue: CONSTRUCTION GRANTS

    total $1,829,622 · related or exempt $1,829,622

  • 2b · Program service revenue: DEVELOPER FEE

    total $340,517 · related or exempt $340,517

  • 2c · Program service revenue: PROGRAM SERVICE

    total $96,317 · related or exempt $96,317

  • 3 · Investment income

    total $405,224 · related or exempt $569 · excluded $404,655

  • 6a · Gross rents

    real property $468,274

  • 6c · Rental income or loss

    real property $468,274

  • 6d · Net rental income or loss

    total $468,274 · related or exempt $468,274

  • 8a · Fundraising events: gross income

    $32,680

  • 8b · Fundraising events: direct expenses

    $28,500

  • 8c · Net income from fundraising events

    total $4,180 · excluded $4,180

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $80,191 · related or exempt $80,191

  • 11e · Other revenue, total

    $80,191

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $465,124 · program services $465,124

  • 5 · Compensation of officers, directors and key employees

    total $218,127 · program services $187,065 · management and general $30,102 · fundraising $960

  • 7 · Other salaries and wages

    total $1,222,468 · program services $1,048,388 · management and general $168,701 · fundraising $5,379

  • 9 · Other employee benefits

    total $18,907 · program services $16,215 · management and general $2,609 · fundraising $83

  • 10 · Payroll taxes

    total $120,292 · program services $103,163 · management and general $16,600 · fundraising $529

  • 11g · Fees: other

    total $221,858 · program services $217,878 · management and general $3,857 · fundraising $123

  • 12 · Advertising and promotion

    total $15,494 · program services $13,324 · management and general $2,103 · fundraising $67

  • 13 · Office expenses

    total $127,212 · program services $111,245 · management and general $15,474 · fundraising $493

  • 17 · Travel

    total $18,858 · program services $16,173 · management and general $2,602 · fundraising $83

  • 20 · Interest

    total $10,160 · program services $9,237 · management and general $894 · fundraising $29

  • 22 · Depreciation, depletion and amortization

    total $297,766 · program services $294,238 · management and general $3,419 · fundraising $109

  • 23 · Insurance

    total $146,444 · program services $140,460 · management and general $5,799 · fundraising $185

  • 24a · Other expenses: PROGRAM DEVELOPMENT

    total $1,281,883 · program services $1,281,883

  • 24b · Other expenses: UTILITIES

    total $226,081 · program services $223,482 · management and general $2,519 · fundraising $80

  • 24c · Other expenses: OTHER APARTMENT EXPENSES

    total $205,755 · program services $205,755

  • 24d · Other expenses: REAL ESTATE TAXES

    total $79,976 · program services $78,393 · management and general $1,534 · fundraising $49

  • 24e · All other expenses

    total $67,418 · program services $60,410 · management and general $6,790 · fundraising $218

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $514,982 · end of year $683,516

  • 2 · Savings and temporary cash investments

    beginning of year $5,977,806 · end of year $5,051,222

  • 3 · Pledges and grants receivable

    beginning of year $1,370,622 · end of year $911,031

  • 7 · Other notes and loans receivable

    beginning of year $124,078 · end of year $135,872

  • 8 · Inventories for sale or use

    beginning of year $4,397 · end of year $3,366

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,140 · end of year $3,956

  • 10a · Land, buildings and equipment: cost or other basis

    $11,596,399

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,424,847

  • 10c · Land, buildings and equipment, net

    beginning of year $8,725,108 · end of year $9,171,552

  • 11 · Investments: publicly traded securities

    beginning of year $5,891,348 · end of year $6,381,269

  • 15 · Other assets

    beginning of year $103,601 · end of year $490,510

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,018,875 · end of year $936,665

  • 23 · Secured mortgages and notes payable

    beginning of year $596,290 · end of year $522,003

  • 25 · Other liabilities

    beginning of year $455,308 · end of year $69,582

  • 27 · Net assets without donor restrictions

    beginning of year $9,282,407 · end of year $11,623,435

  • 28 · Net assets with donor restrictions

    beginning of year $11,373,202 · end of year $9,680,609

Mission and programs · 2024

Mission

MON VALLEY INITIATIVE IS A REGIONAL COMMUNITY DEVELOPMENT COPORATION REPRESENTING COMMUNITIES AND STAKEHOLDERS ALONG THE MONOGAHELA RIVER AND ITS TRIBUTARIES IN THREE SOUTHWESTERN PENNSYLVANIA COUNTIES. MVI IS ORGANIZED INTO THREE PROGRAM AREAS, TO BEST CARRY OUT ITS MISSION OF "MON VALLEY INITIATIVE STRENGTHENS THE MON VALLEY REGION BY RESPONSIBLY INVESTING IN OUR PEOPLE AND PLACES". THE THREE PROGRAM AREAS ARE REAL ESTATE AND COMMUNITY DEVELOPMENT, HOUSING COUNSELING AND WORKFORCE DEVELOPMENT AND FINANCIAL COACHING.

Activities or mission (Part I)

THE MON VALLEY INITIATIVE IS A GRASS-ROOTS, REGIONAL COMMUNITY DEVELOPMENT CORPORATION, ORGANIZED TO CARRY OUT ITS MISSION OF "MON VALLEY INITIATIVE STRENGTHENS THE MON VALLEY REGION BY RESPONSIBLY INVESTING IN OUR PEOPLE AND PLACES"

  • REAL ESTATE DEVELOPMENT: THE PURPOSE OF MVI'S REAL ESTATE DEVELOPMENT PROGRAM IS TO HELP REBUILD THE FABRIC OF MVI'S MEMBER COMMUNITIES, THEREBY STABILIZING BOTH THE BUILT ENVIRONMENT AND PROPERTY VALUES, MAINTAINING THE TAX BASE, AND PROMOTING A CULTURE OF PUBLIC SAFETY AND COMMUNITY CONFIDENCE. MVI PROVIDES DIRECT REAL ESTATE DEVELOPMENT SERVICES THROUGH EXISTING PROGRAMS INCLUDING "REHAB FOR RESALE" (ACQUISITION, RENOVATION AND RESALE OF EXISTING BLIGHTED AND VACANT PROPERTIES), NEW CONSTRUCTION HOUSING IN TARGETED AREAS, OWNER- OCCUPIED REHABS, RESIDENTIAL RENTAL DEVELOPMENT, THE DEVELOPMENT OF STRATEGIC COMMERCIAL SPACES IN TARGETED BUSINESS DISTRICTS, AND VARIOUS COMPLEMENTARY INITIATIVES IN COMMUNITY PLANNING, ZONING AND MARKETING OUTREACH. MVI AND ITS LOCALLY-BASED PARTNERS HAVE NOW COMPLETED CONSTRUCTION, REDEVELOPMENT OR FACILITATED THE TRANSFER OF 675 UNITS OF HOUSING, WITH 8 UNITS UNDER CONSTRUCTION AND 12 UNITS IN PREDEVELOPMENT.

    Expenses $3,130,384

  • HOUSING COUNSELING: THE MON VALLEY INITIATIVE NATIONAL INTERMEDIARY IS A HUD-APPROVED NATIONAL HOUSING COUNSELING INTERMEDIARY THAT PROVIDES ADMINISTRATIVE SERVICES, HOUSING COUNSELING FUNDING, AND PERFORMANCE MONITORING SERVICES TO A NATIONAL NETWORK OF SUB-GRANTEE AGENCIES. THE AGENCIES IN TURN PROVIDE ELIGIBLE HOUSING COUNSELING SERVICES TO PARTICIPANTS IN THEIR LOCAL AREAS. DURING THE 2024 HUD FISCAL YEAR, THE AGENCIES PROVIDED HOUSING COUNSELING TO 7,122 HOUSEHOLDS. MVI'S HOUSING COUNSELING PROGRAM IS A SUB-GRANTEE AGENCY OF THE MON VALLEY INITIATIVE NATIONAL INTERMEDIARY. THE PURPOSE OF MVI'S PRE-PURCHASE HOUSING COUNSELING PROGRAM IS TO EDUCATE AND ASSIST INDIVIDUALS AND FAMILIES, WITH LOW AND MODERATE INCOMES, IN THE PROCESS OF OBTAINING AN AFFORDABLE MORTGAGE TO FACILITATE THE PURCHASE OF A HOME. MVI PROVIDES CREDIT AND BUDGET ANALYSES, AND HUD- AND PHFA-APPROVED HOUSING COUNSELING ACTION PLANS TO BRING PARTICIPANTS TO MORTGAGE-READINESS. MVI ALSO COORDINATES SERVICES WITH SEVERAL OTHER HOUSING COUNSELING AGENCIES IN OUR AREA. DURING 2024, MVI'S HOUSING COUNSELING PROGRAM PROVIDED ASSISTANCE TO 111 PARTICIPANTS THROUGH PRE-PURCHASE HOUSING COUNSELING. OF THOSE RECEIVING PRE-PURCHASE COUNSELING, 37 WENT ON TO BECOME HOMEOWNERS.

    Expenses $130,580

  • COMMUNITY DEVELOPMENT: THE COMMUNITY DEVELOPMENT AND OUTREACH EFFORTS UNDERTAKEN THROUGH THIS PROGRAM SUPPORT AND ENGAGE VOLUNTEERS, PARTNER ORGANIZATIONS, COMMUNITY RESIDENTS AND STAKEHOLDERS TO BUILD CONNECTIONS AND GATHER VITAL GUIDANCE AND FEEDBACK, ENSURING THE MVI REMAINS DEEPLY ENGAGED AT THE LOCAL LEVEL. THE PROGRAM STAFF PROVIDE GUIDANCE TO PARTNER ORGANIZATIONS, COORDINATE SPECIAL EVENTS, AND PROVIDE SUPPORT TO THE OTHER MVI PROGRAM AREAS. MVI'S WORK WAS SUPPORTED BY A VOLUNTEER BASE OF APPROXIMATELY 135 INDIVIDUALS IN 2024.

    Expenses $403,573

  • WORKFORCE DEVELOPMENT AND FINANCIAL COACHING: THE PURPOSE OF MVI'S WORKFORCE DEVELOPMENT AND FINANCIAL COACHING PROGRAM IS TO INCREASE THE INCOME LEVELS AND FINANCIAL SELF-SUFFICIENCY OF LOCAL RESIDENTS THROUGH EFFECTIVE CAREER DEVELOPMENT SERVICES AND FINANCIAL COACHING, ASSISTING THE UNEMPLOYED AND UNDER-EMPLOYED TO ADVANCE. IN ADDITION TO THE ASSISTANCE PROVIDED TO PARTICIPANTS, THE TEAM WORKS WITH LOCAL EMPLOYERS TO UNDERSTAND THEIR HUMAN RESOURCE NEEDS. MVI PROVIDES DIRECT SERVICES TO PARTICIPANTS THROUGH BASIC CAREER COUNSELING, FINANCIAL COACHING, CLASSROOM WORK, SEMINARS, AND PRE- AND POST-EMPLOYMENT CASE MANAGEMENT. MVI ALSO WORKS WITH MON VALLEY EMPLOYERS TO IDENTIFY SKILL REQUIREMENTS AND EMPLOYMENT OPPORTUNITIES, AND TO MAKE CONNECTIONS ON BEHALF OF MVI'S PARTICIPANTS. IN ADDITION TO DIRECT RECRUITMENT AND JOB FAIRS, EMPLOYERS VOLUNTEER PRESENTING IN CAREER EXPLORATION WORKSHOPS AND DOING PRACTICE INTERVIEWS WITH PARTICIPANTS. IN 2024, MVI SERVED 328 PARTICIPANTS. "SERVED" IS DEFINED AS MEETING A PROGRAM MILESTONE: ENROLLED, COMPLETED THE PROGRAM, OBTAINED EMPLOYMENT, OR MAINTAINED EMPLOYMENT FOR AT LEAST SIX MONTHS. DURING THE YEAR, 224 PARTICIPANTS ENROLLED IN MVI'S CAREER DEVELOPMENT PLANNING PROCESS, 44% OF WHICH GAINED EMPLOYMENT. DURING THE YEAR, 55 UNIQUE EMPLOYERS HIRED MVI PARTICIPANTS. OF THOSE SERVED, 95% CONTINUED WITH MVI'S ONE-ON-ONE FINANCIAL COACHING PROGRAM.

    Expenses $807,896 · Grants $465,124

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Laura Zinski

    CEO

    Total calculated
    $125,000
    From this org
    $125,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • April Hoover

    CFO

    Total calculated
    $93,127
    From this org
    $93,127
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Godfrey Bethea

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barata Bey

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Dale Bizub

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lindsey Coy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jebediah Feldman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jane Flaherty

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Monet Ham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mary Carol Kennedy

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Barbara Laface

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tyler Reeder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Wallace

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Terry Ward

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NORTH EAST HOUSING ASSOCIATES

    REAL ESTAT · PA · 99% owned

    Directly controlled by MVI

  • EAST BRADDOCK HOUSING DEVELOPMENT L

    REAL ESTAT · PA · 99.99% owned

    Directly controlled by MVI

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NORTH EAST HOUSING CORPORATION

    C CORP · REAL ESTAT · PA · 100% owned

    Directly controlled by MVI

  • EAST BRADDOCK HOUSING DEVELOPMENT

    C CORP · REAL ESTAT · PA · 100% owned

    Directly controlled by MVI

Provenance

Return type
form_990
Tax year
2024
Filed
11 August 2025
IRS schema version
2024v5.0
Source object
202542319349301414

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