2026-08-05T07:06:35-05:00 2025-12-31 340677006 MALONEY NOVOTNY LLC 4774 MUNSON STREET NW SUITE 402 CANTON OH 447183634 990 2025-01-01 341264163 VALLEY ECONOMIC DEVELOPMENT PARTNERS INC VALL 3307593668 4319 BELMONT AVE YOUNGSTOWN OH 44505 TERESA MILLER EXECUTIVE DIRECTOR 3307593668 2026-08-04 1 MATTHEW J BANJO P01260593 3309669400 2025 2025-03-06 01:10:19Z VALLEY PARTNERS TERESA MILLER 4319 BELMONT AVE YOUNGSTOWN OH 44505 4309952 0 X WWW.VALLEYEDP.COM X 1977 OH TO SUPPORT THE CREATION AND EXPANSION OF SMALL BUSINESSES AND LOCAL JOBS WHERE ECONOMIC OPPORTUNITY IS NEEDED MOST THROUGH EDUCATION CLASSES AND FLEXIBLE LENDING SOLUTIONS IN COLLABORATION WITH OTHER COMMUNITY DEVELOPMENT ORGANIZATIONS. 17 17 11 0 0 0 5061651 1878426 2154870 2079417 201102 225187 95995 115361 7513618 4298391 846100 784171 0 0 785102 894165 0 0 0 582616 431977 2213818 2110313 5299800 2188078 46885293 47179581 11783872 9793539 35101421 37386042 TO SUPPORT THE CREATION AND EXPANSION OF SMALL BUSINESSES AND LOCAL JOBS WHERE ECONOMIC OPPORTUNITY IS NEEDED MOST THROUGH EDUCATION CLASSES AND FLEXIBLE LENDING SOLUTIONS IN COLLABORATION WITH OTHER COMMUNITY DEVELOPMENT ORGANIZATIONS. 0 0 1807213 784171 2163346 PROMOTE ECONOMIC DEVELOPMENT AND EMPLOYMENT OPPORTUNITIES THROUGH BUSINESS CREATION, EXPANSION, AND RETENTION. DEVELOP AND OPERATE A DIVERSIFIED PORTFOLIO OF LOAN PROGRAMS AND OTHER SERVICES TO ADDRESS THE NEEDS OF REGIONAL BUSINESSES. ESTABLISH AND MAINTAIN STRONG RELATIONSHIPS WITH FINANCIAL, EDUCATIONAL, BUSINESS, GOVERNMENT, AND DEVELOPMENT ORGANIZATIONS AND ATTRACT INVESTORS FOR NEW BUSINESS OPPORTUNITIES. IN 2025, VALLEY PARTNERS CLOSED 149 FINANCIAL PRODUCTS FOR A TOTAL OF $9.6 MILLION. 1807213 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 11 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 OH X TERESA MILLER 3307593668 4319 BELMONT AVENUE YOUNGSTOWN OH 44505 JULIE MICHAEL SMITH DIRECTOR 0.20 0.20 X 0 0 0 JOSH TOOT PRESIDENT 0.20 0.20 X X 0 0 0 STEPHANIE GILCHRIST SECRETARY 0.20 0.20 X X 0 0 0 VITO ABRUZZINO DIRECTOR 0.20 0.20 X 0 0 0 DERRICK MCDOWELL DIRECTOR 0.20 0.20 X 0 0 0 DIANE RICHARDSON DIRECTOR 0.20 0.20 X 0 0 0 SAMUEL HUSTON VICE PRESIDENT 0.20 0.20 X X 0 0 0 GIOVANI MERLO DIRECTOR 0.20 0.20 X 0 0 0 LYNETTE SUTTON DIRECTOR 0.20 0.20 X 0 0 0 MICHAEL KEYS DIRECTOR 0.20 0.20 X 0 0 0 THOMAS STABI DIRECTOR 0.20 0.20 X 0 0 0 BEN DIGIROLAMO TREASURER 0.20 0.20 X X 0 0 0 SARRA MOHN DIRECTOR 0.20 0.20 X 0 0 0 BOB CALVERT DIRECTOR 0.20 0.20 X 0 0 0 MELANIE CANN DIRECTOR 0.20 0.20 X 0 0 0 WILEY RUNNESTRAND DIRECTOR 0.20 0.20 X 0 0 0 TYLER WILLIAMS DIRECTOR 0.20 0.20 X 0 0 0 TERESA MILLER EXECUTIVE DIRECTOR 40.00 2.00 X 135063 0 19962 135063 0 19962 1 0 1 0 0 1732675 145751 1878426 REVOLVING LOAN INTERES 525990 1597531 1597531 LOAN SERVICING FEES 525990 481886 481886 2079417 221780 221780 3407 0 3407 3407 3407 42993 11561 31432 31432 REIMBURSEMENTS 900099 6157 6157 DOCUMENT PREP FEES 900099 6099 6099 CREDIT LOSS RECOVERY 900099 1860 1860 69813 69813 83929 4298391 2163346 0 256619 784171 784171 155027 116241 38786 550330 411732 138598 38402 28744 9658 95997 71856 24141 54409 40726 13683 2240 2240 30325 24260 6065 36580 29264 7316 65212 52170 13042 13702 11434 2268 18585 14841 3744 5029 4023 1006 10901 6977 3924 14365 14365 40717 32574 8143 SERVICING FEES 44922 44922 MISCELLANEOUS EXPENSE 41927 30305 11622 REPAIRS AND MAINTENANCE 26067 9843 16224 DATA PROCESSING 22137 22137 59268 56628 2640 2110313 1807213 303100 0 7315648 5200790 598249 1228932 23718 199645 253068 0 35770633 37293229 19694 560558 391119 183804 169439 2699506 3013530 40667 54322 46885293 47179581 4331 268948 418108 358624 400267 342282 10961166 8823685 11783872 9793539 X 6105954 7027073 28995467 30358969 35101421 37386042 46885293 47179581 2188078 96543 0 X 0 1 X 1 1 1 X 3408815 6339961 6572667 5061651 1878426 23261520 3408815 6339961 6572667 5061651 1878426 23261520 23261520 1503 58860 108798 163446 221780 554387 19546 50737 45846 112933 120763 349825 24165732 4084764 0.96260 0.94590 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: RECOVERY OF CREDIT LOSSES - 2021 AMOUNT: $ 3,056. 2022 AMOUNT: $ 4,793. 2023 AMOUNT: $ 6,860. 2024 AMOUNT: $ 1,860. 2025 AMOUNT: $ 1,860. DOCUMENT PREP FEES - 2021 AMOUNT: $ 3,054. 2022 AMOUNT: $ 4,800. 2023 AMOUNT: $ 7,499. 2024 AMOUNT: $ 8,100. 2025 AMOUNT: $ 6,099. MISCELLANEOUS - 2021 AMOUNT: $ 3,598. 2022 AMOUNT: $ 4,235. 2023 AMOUNT: $ -700. 2024 AMOUNT: $ 62,206. 2025 AMOUNT: $ 69,811. FUNDRAISING EVENT - 2021 AMOUNT: $ 9,838. 2022 AMOUNT: $ 36,909. 2023 AMOUNT: $ 32,187. 2024 AMOUNT: $ 40,767. 2025 AMOUNT: $ 42,993. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 131150 131150 320164 304580 15584 87795 71615 16180 21449 14924 6525 169439 LOAN PROGRAM PAYABLES 8516058 GRANT FUNDS RECEIVED IN ADVANCE 307627 8823685 X PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024, THERE IS NO PROVISION FOR INCOME TAXES. THE ORGANIZATION'S FEDERAL FORM 990 IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY FOR THREE YEARS AFTER IT IS FILED. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. GOLF OUTING 42993 42993 2518 200 8843 42993 42993 2518 200 8843 11561 31432 1 VARIOUS 784171 0 GRANT CLASS PROGRAM 0 PART I, LINE 2: THE LEGAL AND ACCOUNTING GRANT PROGRAM IS TO ASSIST NEW AND ASPIRING SMALL BUSINESS OWNERS IN GAINING THE KNOWLEDGE THEY NEED TO START AND GROW THEIR BUSINESS AS WELL AS PROVIDE FUNDS TO BUILD A STRONG FOUNDATION FROM THE START. APPLICATIONS ARE REVIEWED FOR QUALIFICATIONS REGARDING HOW LONG THE BUSINESS HAS EXISTED, THE CURRENT STATE OF THEIR BUSINESS FINANCIALS, ANNUAL REVENUES OF UNDER $1 MILLION, IDENTIFICATION AS AN UNDERSERVED POPULATION (FEMALE/MINORITY) BUSINESS AND IF THE BUSINESS IS LOCATED WITHIN A CDFI ELIGIBLE AREA. APPLICANTS MUST ATTEND ALL 6 CLASSES OF THE PROGRAM AND PROVIDE A COMPLETE, SUBSTANTIAL BUSINESS PLAN IN ORDER TO BE AWARDED THE FORGIVABLE LOAN FOR UP TO $10,000. FUNDS ARE PAID DIRECTLY TO AN ACCOUNTANT FOR BOOKKEEPING AND TAX SERVICES AND/OR AN ATTORNEY FOR LEGAL FEES TO SETUP A NEW COMPANY. FOR 2025, $784,171 IN LOANS WERE FORGIVEN. 0 0 0 0 0 0 0 0 0 TERESA MILLER EXECUTIVE DIRECTOR 135063 0 0 0 0 0 10185 0 9777 0 155025 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AND FILED AFTER APPROVAL OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE EVALUATED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS EVALUATED ON AN ANNUAL BASIS BY THE PERSONNEL COMMITTEE. IT IS COMPARED TO THE COMPENSATION REPORT FROM NADCO. THE COMPENSATION IS THEN APPROVED BY THE EXECUTIVE COMMITTEE AND THE FULL BOARD OF DIRECTORS. THE COMPENSATION OF THE LOAN OFFICERS IS EVALUATED ON AN ANNUAL BASIS BY THE LOAN COMMITTEE. THE COMPENSATION IS THEN APPROVED BY THE LOAN COMMITTEE AND THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS OPEN TO PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST. ECONOMIC DEVELOPMENT RAIL CORP 4319 BELMONT AVENUE YOUNGSTOWN OH 44505 341452533 DEVELOPMENT OH 501(C)(3) LINE 7 N/A 0 ECONOMIC DEVELOPMENT RAIL II CORP 4319 BELMONT AVENUE YOUNGSTOWN OH 44505 341773503 DEVELOPMENT OH 501(C)(3) LINE 7 N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0