Public Charity

VALLEY COMMUNITY DEVELOPMENT CORPORATION

VALLEY COMMUNITY DEVELOPMENT CORPORATION is a Public Charity headquartered in NORTHAMPTON, MA. Financial data from the 2024 filing: $2.5M revenue, $1.6M expenses, $40.2M total assets. 20 publicly reported grants to this organization, totaling roughly $786K, appear in IRS filings.

EIN: 222906466 NORTHAMPTON, MA Housing Search Assistance NTEE: L30 Latest filing: 2024
Total Revenue$2.5M
Total Expenses$1.6M
Total Assets$40.2M
Grant Records20
Funding Total$786K
Filing Years2019–2024

Mission

VALLEY COMMUNITY DEVELOPMENT SEEKS TO EMPOWER LOW AND MODERATE INCOME PEOPLE AND UNDERSERVED POPULATIONS. WE ACCOMPLISH THESE GOALS BY FOCUSING ON THREE AREAS OF COMMUNITY DEVELOPMENT; HOMEOWNERSHIP SUPPORT INCLUDING FIRST-TIME HOMEBUYER WORKSHOPS AND FORECLOSURE PREVENTION COUNSELING; CREATING AFFORDABLE HOUSING; AND SMALL BUSINESS DEVELOPMENT.

Where $100 goes at Valley Community Development Corporation

How Valley Community Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$85 Programs the work itself
$14 Management running the organization
$1 Fundraising raising the next dollar

Inside the $85 for programs

$56
Rental properties
66% of program spending
$14
Housing development
17% of program spending
$8
Homeownership support
9% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Bill Fontes
DIRECTOR Carol Walker
PRESIDENT Dorothy Nemetz
DIRECTOR Dr Leslie Saulsberry
DIRECTOR Emily Laufler
CLERK Greg Richane

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$759,817 18 grants
Human & Social Services
$15,000 1 grant
Housing & Homelessness
$11,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $2.5M $1.6M $40.2M
2023 $4.2M $2.4M $27.0M
2021 $2.0M $2.1M $9.6M
2020 $1.8M $1.9M $9.3M
2019 $2.7M $2.0M $9.1M

Between 2019 and 2024, reported annual revenue declined from $2.7M to $2.5M (-7%), with total assets most recently reported at $40.2M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for VALLEY COMMUNITY DEVELOPMENT CORPORATION

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