Nonprofit · EIN 13-3008492
VALLEY RESTORATION LOCAL DEVELOPMENT CORPORATION
Tax-exempt · NEW YORK, NY 10025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $12,049 | $2,600 | $9,449 | $32,380 | $0 | $32,380 |
| June 30, 2024 | 990-EZ | $3,405 | $0 | $3,405 | $22,931 | $0 | $22,931 |
| June 30, 2023 | 990-EZ | $2,500 | $1,000 | $1,500 | $19,526 | $0 | $19,526 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $12,049
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Other expenses
- $2,600
Balance sheet and other
- Total assets, start of year
- $22,931
- Total assets, end of year
- $32,380
- Total liabilities, end of year
- $0
- Net assets, end of year
- $32,380
- Cash, savings and investments
- $32,380
- Gross receipts
- $12,049
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daniel Cohen | President | 1 | $0 |
| Genora Johnson | Treasurer | 1 | $0 |
990-EZ for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daniel Cohen | President | 1 | $0 |
| Genora Johnson | Treasurer | 1 | $0 |
990-EZ for the year ended June 30, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daniel Cohen | President | 1 | $0 |
| Genora Johnson | Treasurer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 645, NEW YORK, NY 10025-0645
- Mailing address (990-N for 2024)
- PO BOX 645, NEW YORK NY 10025
- Principal officer (990-N for 2024)
- Daniel Marks Cohen, PO BOX 645, NEW YORK NY 10025
- Signed the 990-EZ
- Daniel Cohen, President
- Phone
- (917) 208-9168
- Website
- www.VRLDC.org
Mission
All of Valley Restoration LDC's current and projected programs relate to our central missions, which are to improve the economic base of Manhattan Valley, to increase the job opportunities for the community's low- and moderate-income residents and to assist in the provision of low- and moderate-income housing in Manhattan Valley. Valley Restoration Local Development Corporation continues to develop new programs to strengthen the area's commercial corridors of small neighborhood businesses, to attract outside resources into the community as a source of jobs, to strengthen the economic foothold of the current residents and merchants by encouraging locally-owned proprietorships and business cooperatives, to provide additional affordable housing for Manhattan Valley's low- and moderate-income residents and to create projects that will provide Valley Restoration LDC with revenue.
Program accomplishments
- ACHIEVEMENTS, CURRENT PROGRAMS and FUTURE GOALS NEW YORK INTERNATIONAL AMERICAN YOUTH HOSTEL VRLDC is proud of its role in the preservation of a building on the National Register of Historic Places and a designated NYC landmark. This building was designed by one of our country's eminent architects, Richard Morris Hunt, who designed the pedestal of the Statue of Liberty and the facade of the Great Hall of the Metropolitan Museum of Art. This building, through the efforts of VRLDC, on Amsterdam Avenue between 103rd and 104th Streets was saved from demolition and converted into the NY International American Youth Hotel. This building is now a hotel that accommodates 600 guests. This building has created jobs and increased business in the surrounding area. With the development budget in excess of 14 million this project was financed with a combination of public and private resources including bonds, tax credits and government and private loans. COLUMBUS AMSTERDAM BUSINESS IMPROVEMENT DISTRICT In 1985 VRLDC organized a Business Improvement District which was finally established in 1987. This Business Improvement District was among one of the first BIDs to be established in NYC and is known as the Columbus Amsterdam BID aka as the Lenape Bloemendael District Management Association. 105TH STREET HOMESTEADERS One of our proud achievements was the sponsorship of the 105th Street Homesteaders. Here 44 families through sweat equity renovated eight buildings over a period of 10 years and today 44 families reside in a low income cooperative. VRLDC kept all the records, did the bookkeeping and provided other services and guidance for these families at no cost to the cooperative. JOB DEVELOPMENT and PLACEMENT SERVICE 1987 the NYC Department of Business Services funded VRLDC for a job development and job placement program. This program was in existence until June 1994. The funding over the years paid for a professional job placement director and a shared secretary. Due to budget cuts in year ending June 1994 this program eliminated and VRLDC was cut from the Department of Business Services budget. SECURITY LIGHTING PROGRAM Valley Restoration initiated a security lighting program in partnership with Con Edison. The model block was so successful the Columbus Amsterdam BID adopted the program for the area of the BID. Lighting fixtures installed on building exteriors remained illuminated from dusk to dawn. This program was subsequently adopted by other City BIDs. STREET FESTIVAL Valley Restoration sponsors a Street Festival every year, alternating between Amsterdam and Columbus Avenues from 96th to 106th Streets. Our annual street fair is typically every June, please join us. THRIFT STORE VRLDC owned a thrift store at 949 Amsterdam Avenue but it was closed in March 2015 after 17 years in business, as the shop was no longer earning enough to cover its expenses.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-N on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-N on file |
IRS record
- EIN
- 13-3008492
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $32,380
- Income (IRS master file)
- $12,049
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2024 Officer: Daniel Marks Cohen | June 30, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | June 2025 | $12,049 | $2,600 | $32,380 | XML |
| 990-N for 2023 Officer: Daniel Marks Cohen | June 30, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | June 2024 | $3,405 | $0 | $22,931 | XML |
| 990-N for 2022 Officer: Dan Cohen | June 30, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | June 2023 | $2,500 | $1,000 | $19,526 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: Daniel Cohen | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-N for 2017 Officer: Daniel Marks Cohen | June 30, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3008492).
Questions about VALLEY RESTORATION LOCAL DEVELOPMENT CORPORATION
- What is the EIN of VALLEY RESTORATION LOCAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of VALLEY RESTORATION LOCAL DEVELOPMENT CORPORATION is 13-3008492.
- Is VALLEY RESTORATION LOCAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to VALLEY RESTORATION LOCAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY RESTORATION LOCAL DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of VALLEY RESTORATION LOCAL DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALLEY RESTORATION LOCAL DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2024 for the year ended June 30, 2025.
- Who is the principal officer of VALLEY RESTORATION LOCAL DEVELOPMENT CORPORATION?
- The 990-N for 2024 names Daniel Marks Cohen.
- Who are the officers and directors of VALLEY RESTORATION LOCAL DEVELOPMENT CORPORATION?
- The 990-EZ for the year ended June 30, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does VALLEY RESTORATION LOCAL DEVELOPMENT CORPORATION have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $12,049, expenses of $2,600 and total assets of $32,380 at year end.
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