Nonprofit · EIN 22-2838722
VALLEY HOUSING DEVELOPMENT CORPORATION
Tax-exempt · EMMAUS, PA 18049
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $16,580,482 | $7,671,737 | $8,908,745 | $21,636,893 | $12,499,192 | $9,137,701 |
| December 31, 2023 | 990 | $4,848,601 | $6,142,939 | -$1,294,338 | $20,837,508 | $19,463,512 | $1,373,996 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $663,173
- of which government grants
- $663,173
- Program service revenue
- $6,011,696
- Investment income
- $396,360
- Net gain from sales of assets
- $4,500
- Other revenue
- $9,509,253
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $43,631
- Accounting fees
- $82,412
- Occupancy
- $644,514
- Depreciation
- $1,305,181
- Program services (functional)
- $7,381,768
- Management and general (functional)
- $289,969
Balance sheet and other
- Total assets, start of year
- $20,837,508
- Total assets, end of year
- $21,636,893
- Total liabilities, end of year
- $12,499,192
- Net assets, end of year
- $9,137,701
- Land, buildings and equipment
- $10,852,732
- Net assets without donor restrictions
- $9,137,701
- Gross receipts
- $16,580,482
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1982
- State of legal domicile
- PA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH SCHUPP | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KIM EDWARDS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| ROBERT KERN | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOSHUA DODD | TREASURER Trustee or director, Officer | 1 | $0 |
| ADRIENNE KWIATEK-HOLUB | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL KAZARNOWICZ | BOARD MEMBER Trustee or director | 1 | $0 |
| KENT HERMAN | SOLICITOR Trustee or director | 1 | $0 |
| JOHN ANDRONIS | BOARD MEMBER Trustee or director | 1 | $0 |
| GARY MAURER | BOARD MEMBER Trustee or director | 1 | $0 |
| BILL HIGHET | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH SCHUPP | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KIM EDWARDS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| ROBERT KERN | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOSHUA DODD | TREASURER Trustee or director, Officer | 1 | $0 |
| ADRIENNE KWIATEK-HOLUB | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL KAZARNOWICZ | BOARD MEMBER Trustee or director | 1 | $0 |
| KENT HERMAN | SOLICITOR Trustee or director | 1 | $0 |
| JOSH DODD | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN ANDRONIS | BOARD MEMBER Trustee or director | 1 | $0 |
| GARY MAURER | BOARD MEMBER Trustee or director | 1 | $0 |
| BILL HIGHET | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 635 BROAD ST, EMMAUS, PA 18049-3722
- Principal officer (990 for 2024)
- JOSEPH SCHUPP, 1 HEARTHSTONE COURT, READING, PA 19606
- Signed the 990
- JOSEPH SCHUPP, PRESIDENT
- Phone
- (610) 965-4514
- Return prepared by
- NOVOGRADAC AND COMPANY LLP
Mission
SEE SCHEDULE O.
Program accomplishments
- TO RECEIVE AND ADMINISTER FUNDS TO PROVIDE LOANS FOR HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS THAT WOULD OTHERWISE BE UNABLE TO FIND HOUSING IN THE PRIVATE MARKET.Expenses $7,381,768 · revenue $15,917,309
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2838722
- 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
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $21,636,893
- Income (IRS master file)
- $16,580,482
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $16,580,482 | $7,671,737 | $21,636,893 | XML |
| 990 | December 2023 | $4,848,601 | $6,142,939 | $20,837,508 | XML |
| 990 | December 2022 | $5,132,183 | $3,067,584 | $13,755,428 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 22-2838722).
Questions about VALLEY HOUSING DEVELOPMENT CORPORATION
- What is the EIN of VALLEY HOUSING DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of VALLEY HOUSING DEVELOPMENT CORPORATION is 22-2838722.
- Is VALLEY HOUSING DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to VALLEY HOUSING DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY HOUSING DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VALLEY HOUSING DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALLEY HOUSING DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VALLEY HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names JOSEPH SCHUPP.
- Who are the officers and directors of VALLEY HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does VALLEY HOUSING DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $16,580,482, expenses of $7,671,737 and total assets of $21,636,893 at year end.
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