Skip to content
Nonprofiteer
← VALLEY HOUSING DEVELOPMENT CORPORATION INCORPORATED

Form 990 for tax year 2023

Filed by VALLEY HOUSING DEVELOPMENT CORPORATION INCORPORATED.

Totals

Total revenue
$215,441
Total expenses
$341,524
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$214,436
Investment income
$1,005
Other revenue
$0
Total assets, end of year
$3,437,426
Total liabilities, end of year
$3,036,921
Net assets or fund balances, end of year
$400,505
Program services expenses (Part IX)
$304,951
Management and general expenses
$36,573
Fundraising expenses
$0
Program service expenses (Part III)
$304,951

Program services were 89.3% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $214,436 · related or exempt $214,436

  • 3 · Investment income

    total $1,005 · excluded $1,005

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $54,790 · program services $54,790

  • 9 · Other employee benefits

    total $9,365 · program services $9,365

  • 10 · Payroll taxes

    total $5,123 · program services $5,123

  • 11a · Fees: management

    total $18,568 · management and general $18,568

  • 11b · Fees: legal

    total $4,209 · program services $4,209

  • 11c · Fees: accounting

    total $17,865 · management and general $17,865

  • 11g · Fees: other

    total $1,837 · program services $1,837

  • 13 · Office expenses

    total $5,617 · program services $5,617

  • 17 · Travel

    total $1,833 · program services $1,833

  • 20 · Interest

    total $8,362 · program services $8,362

  • 22 · Depreciation, depletion and amortization

    total $115,912 · program services $115,912

  • 23 · Insurance

    total $8,614 · program services $8,614

  • 24a · Other expenses: UTILITIES

    total $19,643 · program services $19,643

  • 24b · Other expenses: CONTRACTS

    total $19,491 · program services $19,491

  • 24c · Other expenses: REAL ESTATE TAXES

    total $18,068 · program services $18,068

  • 24d · Other expenses: SNOW REMOVAL

    total $14,495 · program services $14,495

  • 24e · All other expenses

    total $17,732 · program services $17,592 · management and general $140

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,756 · end of year $17,355

  • 4 · Accounts receivable

    beginning of year $34,019 · end of year $25,727

  • 9 · Prepaid expenses and deferred charges

    beginning of year $906

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

    $4,607,269

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

    $1,340,958

  • 10c · Land, buildings and equipment, net

    beginning of year $3,382,223 · end of year $3,266,311

  • 15 · Other assets

    beginning of year $114,893 · end of year $128,033

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,519 · end of year $90,855

  • 19 · Deferred revenue

    beginning of year $20,597 · end of year $15,162

  • 23 · Secured mortgages and notes payable

    beginning of year $2,937,377 · end of year $2,917,904

  • 25 · Other liabilities

    beginning of year $13,716 · end of year $13,000

  • 27 · Net assets without donor restrictions

    beginning of year $526,588 · end of year $400,505

Mission and programs · 2023

Mission

VALLEY HOUSING DEVELOPMENT CORPORATION PRIMARY PURPOSE IS TO PROVIDE FARM LABORERS WITH AFFORDABLE HOUSING FACILITIES.

  • VALLEY HOUSING DEVELOPMENT CORPORATION PPROVIDED 18 UNITS OF RESIDENTIAL HOUSING TO FARM LABORERS IN HOLYOKE, MASSACHUSETTS.

    Expenses $304,951 · Revenue $214,436

As filed on the 2023 return.

Listed in Part VII

  • Betty Lichtenstein

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dolores Scott

    TREASURER/ASST. CLERK

    Total calculated
    $0
    Hours/week
    1

  • Sylvia Galvan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Birks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Theresa Cooper-Gordan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diosdado Lopez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elaine Vega

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Miguel Arce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carol 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
2023
Filed
11 July 2024
IRS schema version
2023v5.1
Source object
202411949349300746

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.