Nonprofit · EIN 34-1264163
VALLEY ECONOMIC DEVELOPMENT PARTNERS INC
Tax-exempt · YOUNGSTOWN, OH 44505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,298,391 | $2,110,313 | $2,188,078 | $47,179,581 | $9,793,539 | $37,386,042 |
| December 31, 2024 | 990 | $7,513,618 | $2,213,818 | $5,299,800 | $46,885,293 | $11,783,872 | $35,101,421 |
| December 31, 2023 | 990 | $8,153,238 | $1,297,501 | $6,855,737 | $44,597,920 | $14,818,795 | $29,779,125 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,878,426
- of which government grants
- $1,732,675
- Program service revenue
- $2,079,417
- Investment income
- $225,187
- Net gain from sales of assets
- $3,407
- Net income from fundraising events
- $31,432
- Other revenue
- $115,361
Expenses
- Grants and similar amounts paid
- $784,171
- Compensation of officers, directors and key employees
- $155,027
- Other salaries and wages
- $550,330
- Salaries, compensation and benefits (total)
- $894,165
- Professional fundraising fees
- $0
- Legal fees
- $2,240
- Accounting fees
- $30,325
- Occupancy
- $18,585
- Travel
- $5,029
- Depreciation
- $14,365
- Program services (functional)
- $1,807,213
- Management and general (functional)
- $303,100
Balance sheet and other
- Total assets, start of year
- $46,885,293
- Total assets, end of year
- $47,179,581
- Total liabilities, end of year
- $9,793,539
- Net assets, end of year
- $37,386,042
- Land, buildings and equipment
- $169,439
- Publicly traded securities
- $3,013,530
- Net assets without donor restrictions
- $7,027,073
- Net assets with donor restrictions
- $30,358,969
- Gross receipts
- $4,309,952
- Employees
- 11
- Volunteers
- 0
- Year formed
- 1977
- State of legal domicile
- OH
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERESA MILLER | EXECUTIVE DIRECTOR Officer | 40 | $135,063 | $19,962 |
| JULIE MICHAEL SMITH | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JOSH TOOT | PRESIDENT Trustee or director, Officer | 0.2 | $0 | $0 |
| STEPHANIE GILCHRIST | SECRETARY Trustee or director, Officer | 0.2 | $0 | $0 |
| VITO ABRUZZINO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DERRICK MCDOWELL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DIANE RICHARDSON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SAMUEL HUSTON | VICE PRESIDENT Trustee or director, Officer | 0.2 | $0 | $0 |
| GIOVANI MERLO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| LYNETTE SUTTON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MICHAEL KEYS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| THOMAS STABI | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BEN DIGIROLAMO | TREASURER Trustee or director, Officer | 0.2 | $0 | $0 |
| SARRA MOHN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BOB CALVERT | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELANIE CANN | DIRECTOR Trustee or director | 0.2 | $0 |
| WILEY RUNNESTRAND | DIRECTOR Trustee or director | 0.2 | $0 |
| TYLER WILLIAMS | DIRECTOR Trustee or director | 0.2 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERESA MILLER | EXECUTIVE DIRECTOR Officer | 40 | $131,823 | $19,629 |
| JULIE MICHAEL SMITH | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JOSH TOOT | PRESIDENT Trustee or director, Officer | 0.2 | $0 | $0 |
| CHRISTOPHER COLELLA | TREASURER Trustee or director, Officer | 0.2 | $0 | $0 |
| STEPHANIE GILCHRIST | SECRETARY Trustee or director, Officer | 0.2 | $0 | $0 |
| VITO ABRUZZINO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DERRICK MCDOWELL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JAMES GIBBS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DIANE RICHARDSON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SAMUEL HUSTON | VICE PRESIDENT Trustee or director, Officer | 0.2 | $0 | $0 |
| ANNEMARIE DEASCENTIS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| GIOVANI MERLO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| LYNETTE SUTTON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MICHAEL KEYS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| THOMAS STABI | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BEN DIGIROLAMO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SARRA MOHN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERESA MILLER | EXECUTIVE DIRECTOR Officer | 40 | $121,776 | $16,616 |
| JULIE MICHAEL SMITH | PRESIDENT Trustee or director, Officer | 0.2 | $0 | $0 |
| JOSH TOOT | VICE PRESIDENT Trustee or director, Officer | 0.2 | $0 | $0 |
| JAMES GIBBS | TREASURER Trustee or director, Officer | 0.2 | $0 | $0 |
| SARRA MOHN | SECRETARY Trustee or director, Officer | 0.2 | $0 | $0 |
| VITO ABRUZZINO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DERRICK MCDOWELL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SHELLEY TAYLOR | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DIANE RICHARDSON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SAMUEL HUSTON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| STEPHANIE GILCHRIST | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ANNEMARIE DEASCENTIS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| GIOVANI MERLO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| CHRISTOPHER COLELLA | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| LYNETTE SUTTON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MICHAEL KEYS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| THOMAS STABI | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BEN DIGIROLAMO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4319 BELMONT AVE, YOUNGSTOWN, OH 44505-1005
- Principal officer (990 for 2025)
- TERESA MILLER, 4319 BELMONT AVE, YOUNGSTOWN, OH 44505
- Signed the 990
- TERESA MILLER, EXECUTIVE DIRECTOR
- Phone
- (330) 759-3668
- Website
- WWW.VALLEYEDP.COM
- Return prepared by
- MALONEY NOVOTNY LLC
Mission
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.
Program accomplishments
- 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.Expenses $1,807,213 · grants $784,171 · revenue $2,163,346
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 | 990 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
- 34-1264163
- 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
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $47,179,581
- Income (IRS master file)
- $4,309,952
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,298,391 | $2,110,313 | $47,179,581 | XML |
| 990 | December 2024 | $7,513,618 | $2,213,818 | $46,885,293 | XML |
| 990 | December 2023 | $8,153,238 | $1,297,501 | $44,597,920 | XML |
| 990 | December 2022 | $7,559,367 | $3,270,120 | $34,171,948 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 34-1264163).
Questions about VALLEY ECONOMIC DEVELOPMENT PARTNERS INC
- What is the EIN of VALLEY ECONOMIC DEVELOPMENT PARTNERS INC?
- The employer identification number (EIN) of VALLEY ECONOMIC DEVELOPMENT PARTNERS INC is 34-1264163.
- Is VALLEY ECONOMIC DEVELOPMENT PARTNERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to VALLEY ECONOMIC DEVELOPMENT PARTNERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY ECONOMIC DEVELOPMENT PARTNERS INC 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 ECONOMIC DEVELOPMENT PARTNERS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALLEY ECONOMIC DEVELOPMENT PARTNERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of VALLEY ECONOMIC DEVELOPMENT PARTNERS INC?
- The 990 for the year ended December 31, 2025 names TERESA MILLER.
- Who are the officers and directors of VALLEY ECONOMIC DEVELOPMENT PARTNERS INC?
- The 990 for the year ended December 31, 2025 lists 18 people; 1 received compensation from the organization, the highest $135,063 (TERESA MILLER, EXECUTIVE DIRECTOR).
- How much revenue does VALLEY ECONOMIC DEVELOPMENT PARTNERS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,298,391, expenses of $2,110,313 and total assets of $47,179,581 at year end.
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