2024-05-10T15:22:00-07:00 2023-12-31 990EZ 2023-01-01 222607657 VALLEY HEALTH DEVELOPMENT CORPORATION VALL 3158663330 690 West German Street Herkimer NY 13350 Lisa Betrus President 3158663330 2023-11-07 Lisa Betrus 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z X X X X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Valley Health Development Corporation issued tax exempt Mortgage Revenue Bonds and holds a Mortgage Note from Valley Health Services, Inc., a not-for-profit Residential Health Care Facility. In September 2000, Valley Health Development Corporation issued $8,795,000 in tax exempt Mortgage Revenue Refunding Bonds to refinance Valley Health Services', Inc. existing debt. Valley Health Development Corporation administers the bond payments through the Bank of New York Mellon - New Albany, Ohio. Valley Health Development Corp. was created for the sole purpose of providing financing for Valley Health Services, Inc., a not-for-profit Residential Health Care Facility, in Herkimer, New York. In April 1985, Valley Health Development Corp. issued $7,395,000 Series 1985 Mortgage Revenue Bonds for the renovation and construction of Valley Health Services, Inc., the successor organization to Herkimer Memorial Hospital. In December 1990, Valley Health Development Corp. issued $2,675,000 Series 1990 A and $100,000 Series 1990 B Mortgage Revenue Bonds to finance Valley Health Services' expansion project which included the addition of 32 beds and an Adult Day Health Care Program. Today, Valley Health Services, Inc. is a 160 bed facility offering skilled nursing long term care, short term inpatient rehabilitation and subacute care, Palliative Care, outpatient rehabilitation and medical model Adult Day Health Care services to the residents of Herkimer and the surrounding communities. A majority of Valley Health Services' revenue is provided by Medicaid funding. Annually, Valley Health Development Corp. administers the bond payments through the Bank of New York Mellon. The income generated each year by Valley Health Development Corp. investments is utilized to pay out semi annual interest to bond holders, periodic trustee and maintenance fees. 0 X 0 0 Lisa Betrus President 40 393317 0 22351 John Militello Secretary 0 0 0 0 Anna Lyga Treasurer 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NY Valley Health Services 690 West German Street Herkimer NY 13350 3158663330 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X X 1 Valley Health Services Inc 222511614 10 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1