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Nonprofiteer
← VALLEY CHARITIES INC

Form 990 for tax year 2022

Filed by VALLEY CHARITIES INC.

Totals

Total revenue
$14,853,668
Total expenses
$15,276,764
Contributions and grants received
$14,882,994
Grants paid
$13,291,023
Program service revenue
$0
Investment income
$582
Other revenue
-$29,908
Total assets, end of year
$2,460,772
Total liabilities, end of year
$968,658
Net assets or fund balances, end of year
$1,492,114
Program services expenses (Part IX)
$15,061,460
Management and general expenses
$215,304
Fundraising expenses
$0
Program service expenses (Part III)
$15,061,460

Program services were 98.6% 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)

    $14,374,856

  • 1f · All other contributions, gifts and grants

    $508,138

  • 3 · Investment income

    total $582 · excluded $582

  • 10a · Gross sales of inventory

    $417,119

  • 10b · Cost of goods sold

    $447,027

  • 10c · Net income from sales of inventory

    total -$29,908 · related or exempt -$29,908

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $734,166 · program services $734,166

  • 2 · Grants to domestic individuals

    total $12,556,857 · program services $12,556,857

  • 5 · Compensation of officers, directors and key employees

    total $160,450 · program services $139,592 · management and general $20,858

  • 7 · Other salaries and wages

    total $1,318,688 · program services $1,145,964 · management and general $172,724

  • 11g · Fees: other

    total $3,302 · program services $3,302

  • 12 · Advertising and promotion

    total $22,010 · program services $21,052 · management and general $958

  • 13 · Office expenses

    total $64,879 · program services $59,862 · management and general $5,017

  • 14 · Information technology

    total $347 · program services $347

  • 16 · Occupancy

    total $126,926 · program services $123,860 · management and general $3,066

  • 17 · Travel

    total $21,889 · program services $21,889

  • 19 · Conferences, conventions and meetings

    total $9,373 · program services $9,373

  • 20 · Interest

    total $35,975 · program services $32,377 · management and general $3,598

  • 22 · Depreciation, depletion and amortization

    total $69,203 · program services $62,282 · management and general $6,921

  • 23 · Insurance

    total $24,469 · program services $22,756 · management and general $1,713

  • 24a · Other expenses: EQ, REPAIRS, MAINT

    total $124,962 · program services $124,731 · management and general $231

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,268 · program services $3,050 · management and general $218

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,500 · end of year $1,500

  • 2 · Savings and temporary cash investments

    beginning of year $1,265,965 · end of year $1,001,376

  • 3 · Pledges and grants receivable

    beginning of year $224,724 · end of year $318,240

  • 8 · Inventories for sale or use

    beginning of year $163,422 · end of year $133,514

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

    $1,929,998

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

    $963,448

  • 10c · Land, buildings and equipment, net

    beginning of year $985,224 · end of year $966,550

  • 15 · Other assets

    beginning of year $34,648 · end of year $39,592

  • 17 · Accounts payable and accrued expenses

    beginning of year $307,043 · end of year $147,038

  • 23 · Secured mortgages and notes payable

    beginning of year $850,845 · end of year $821,620

  • 27 · Net assets without donor restrictions

    beginning of year $1,494,747 · end of year $489,391

  • 28 · Net assets with donor restrictions

    beginning of year $22,848 · end of year $1,002,723

Mission and programs · 2022

Mission

"CONNECTING THOSE WHO NEED HELP WITH THE HELP THEY NEED-; WE SERVE OUR ECONOMICALLY DISADVANTAGED NEIGHBORS WITH HOUSING/UTILITY ASSISTANCE, LOANING MEDICAL EQUIPMENT, AND PROVIDING CLOTHING IN-KIND. WE VALUE PARTNERSHIPS THAT ENRICH THE LIVES OF OUR BOROUGH NEIGHBORS THAT ARE TRYING TO MAKE ENDS MEET.

  • HOUSING ASSISTANCE PROGRAMS: THROUGH SEVERAL GRANTS, WE PARTNER WITH SEVEN OTHER MAT-SU AGENCIES TO PROVIDE HOUSING ASSOCIATED SERVICES TO PREVENT RESIDENTS FROM BEING HOMELESS.

    Expenses $15,031,552 · Grants $13,291,023

  • MERCHANDISE VOUCHERS/THRIFT STORE: THIS PROGRAM RECYCLES DONATED GOODS TO BENEFIT THOSE IN MOST NEED BY PROVIDING CLOTHING IN-KIND. THIS PROGRAM IS OPERATED THROUGH OUR THRIFT STORE: WHICH IS OWNED BY A VOLUNTEER BOARD; ALL THRIFT STORE PROCEEDS ARE ALLOCATED TO PROGRAMS AND OPERATIONS. ADDITIONALLY, A MEDICAL EQUIPMENT LENDING PROGRAM PROVIDES MEDICAL EQUIPMENT TO RESIDENTS LIVING IN THE MAT-SU VALLEY.

    Expenses $29,908 · Revenue $417,119

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Rozzi

    CEO

    Total calculated
    $90,988
    From this org
    $90,002
    From related orgs
    $0
    Other
    $986
    Hours/week
    40

  • Kimberly Byrwa

    CFO

    Total calculated
    $69,463
    From this org
    $68,477
    From related orgs
    $0
    Other
    $986
    Hours/week
    40

  • Jeremy Collier

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mabel Wimmer

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Debbie Melton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mae Hayes

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lamarr Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Sweet

    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

Provenance

Return type
form_990
Tax year
2022
Filed
5 April 2024
IRS schema version
2022v5.0
Source object
202401019349301305

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