Nonprofit · EIN 22-2906466
VALLEY COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · NORTHAMPTON, MA 01060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,528,262 | $1,606,913 | $921,349 | $40,188,722 | $30,930,936 | $9,257,786 |
| June 30, 2024 | 990 | $4,950,824 | $2,930,935 | $2,019,889 | $23,039,416 | $14,702,979 | $8,336,437 |
| June 30, 2023 | 990 | $4,190,882 | $2,369,933 | $1,820,949 | $26,965,396 | $20,648,848 | $6,316,548 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,935,316
- of which government grants
- $1,483,567
- Program service revenue
- $0
- Investment income
- $28,907
- Net rental income
- $514,790
- Other revenue
- $564,039
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $500,156
- Salaries, compensation and benefits (total)
- $616,995
- Professional fundraising fees
- $0
- Accounting fees
- $88,883
- Travel
- $1,762
- Depreciation
- $149,879
- Program services (functional)
- $1,237,276
- Management and general (functional)
- $357,925
- Fundraising (functional)
- $11,712
Balance sheet and other
- Total assets, start of year
- $23,039,416
- Total assets, end of year
- $40,188,722
- Total liabilities, end of year
- $30,930,936
- Net assets, end of year
- $9,257,786
- Land, buildings and equipment
- $1,951,740
- Net assets without donor restrictions
- $5,308,095
- Net assets with donor restrictions
- $3,949,691
- Gross receipts
- $2,528,262
- Employees
- 12
- Volunteers
- 0
- Year formed
- 1988
- State of legal domicile
- MA
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 |
|---|---|---|---|
| RICHARD ABBOTT | TREASURER Trustee or director, Officer | 1.25 | $0 |
| KIM ALSTON | VICE PRESIDENT Trustee or director | 1 | $0 |
| GREG RICHANE | CLERK Trustee or director, Officer | 1 | $0 |
| DOROTHY NEMETZ | PRESIDENT Trustee or director, Officer | 1 | $0 |
| HUGH HEISLER | DIRECTOR Trustee or director | 0.5 | $0 |
| BILL FONTES | DIRECTOR Trustee or director | 0.5 | $0 |
| CAROL WALKER | DIRECTOR Trustee or director | 0.5 | $0 |
| TASHA SAMS | DIRECTOR Trustee or director | 0.5 | $0 |
| EMILY LAUFLER | DIRECTOR Trustee or director | 0.25 | $0 |
| DR LESLIE SAULSBERRY | DIRECTOR Trustee or director | 0.5 | $0 |
| SOPHIE CHAMBERS | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD ABBOTT | TREASURER Trustee or director, Officer | 1.25 | $0 |
| KIM ALSTON | VICE PRESIDENT Trustee or director | 1 | $0 |
| GREG RICHANE | CLERK Trustee or director, Officer | 1 | $0 |
| DOROTHY NEMETZ | PRESIDENT Trustee or director, Officer | 1 | $0 |
| HUGH HEISLER | DIRECTOR Trustee or director | 0.5 | $0 |
| BILL FONTES | DIRECTOR Trustee or director | 0.5 | $0 |
| CAROL WALKER | DIRECTOR Trustee or director | 0.5 | $0 |
| THERESA LAVALLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| EMILY LAUFLER | DIRECTOR Trustee or director | 0.25 | $0 |
| KRISTEN MARA | DIRECTOR Trustee or director | 0.5 | $0 |
| DR LESLIE SAULSBERRY | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALEXIS BREITENEICHER | EXECUTIVE DIRECTOR Highest-paid employee | 37.5 | $119,134 | $12,656 |
| RICHARD ABBOTT | TREASURER Trustee or director, Officer | 1.25 | $0 | $0 |
| KIM ALSTON | VICE PRESIDENT Trustee or director | 1 | $0 | $0 |
| DOROTHY NEMETZ | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| MADELINE WEAVER BLANCHETTE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MAUREEN BORG | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BILL FONTES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CAROL WALKER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| THERESA LAVALLEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EMILY LAUFLER | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| GREG RICHANE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DR LESLIE SAULSBERRY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 256 PLEASANT ST STE A, NORTHAMPTON, MA 01060-5211
- In care of
- % ALEXIS BREITENEICHER
- Principal officer (990 for 2024)
- LIZ SULLIVAN, 256 PLEASANT STREET SUITE A, NORTHAMPTON, MA 01060
- Signed the 990
- LIZ SULLIVAN, FISCAL DIRECTOR
- Phone
- (413) 586-5855
- Website
- WWW.VALLEYCDC.ORG
- Return prepared by
- DANIEL DENNIS & COMPANY LLP
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.
Program accomplishments
- RENTAL PROPERTIES- PROVIDES PERMANENT AFFORDABLE RENTAL HOUSING TO LOW AND MODERATE INCOME AND UNDERSERVED POPULATIONS IN NORTHAMPTON AND AMHERST. ALL CURRENT OWNED RENTAL PROPERTIES WERE DEVELOPED BY VALLEY.Expenses $812,446
- SMALL BUSINESS - PROVIDES SMALL BUSINESS TECHNICAL ASSISTANCE AND WORKSHOPS PRIMARILY TO PEOPLE WITH LOW AND MODERATE INCOMES AND UNDERSERVED POPULATIONS (BIPOC COMMUNITIES, WOMEN, AND VETERANS).Expenses $100,809
- HOUSING DEVELOPMENT- VALLEY CREATES AND PRESERVES AFFORDABLE HOUSING OPPORTUNITIES FOR PEOPLE WITH LOW AND MODERATE INCOMES, UNHOUSED PEOPLE, AND OTHER VULNERABLE POPULATIONS IN HAMPSHIRE AND FRANKLIN COUNTIES.Expenses $211,352
- HOMEOWNERSHIP SUPPORT - ASSISTS FIRST TIME HOME BUYERS WITH PRE AND POST-PURCHASE COUNSELING, FORECLOSURE PREVENTION, AND FINANCIAL LITERACY COUNSELING THROUGH WORKSHOPS AND ONE TO ONE SUPPORT.Expenses $112,669
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 | Check at the IRS |
IRS record
- EIN
- 22-2906466
- 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
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L30Z)
- Assets (IRS master file)
- $40,188,722
- Income (IRS master file)
- $2,528,262
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,528,262 | $1,606,913 | $40,188,722 | XML |
| 990 | June 2024 | $4,950,824 | $2,930,935 | $23,039,416 | XML |
| 990 | June 2023 | $4,190,882 | $2,369,933 | $26,965,396 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | 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 22-2906466).
Questions about VALLEY COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of VALLEY COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of VALLEY COMMUNITY DEVELOPMENT CORPORATION is 22-2906466.
- Is VALLEY COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to VALLEY COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY COMMUNITY 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 COMMUNITY 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 COMMUNITY 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 COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names LIZ SULLIVAN.
- Who are the officers and directors of VALLEY COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does VALLEY COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,528,262, expenses of $1,606,913 and total assets of $40,188,722 at year end.
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