Nonprofit · EIN 46-3703838
VALLEY RESIDENTIAL SERVICES INC
Tax-exempt · HERKIMER, NY 13350
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,272,881 | $3,527,108 | -$254,227 | $8,620,675 | $6,308,289 | $2,312,386 |
| December 31, 2023 | 990 | $2,772,101 | $3,390,713 | -$618,612 | $8,829,527 | $6,262,914 | $2,566,613 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $156,365
- of which government grants
- $121,150
- Program service revenue
- $3,116,516
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $114,625
- Other salaries and wages
- $1,712,138
- Salaries, compensation and benefits (total)
- $2,046,677
- Professional fundraising fees
- $0
- Legal fees
- $3,105
- Accounting fees
- $6,800
- Occupancy
- $106,180
- Depreciation
- $570,749
- Program services (functional)
- $3,242,011
- Management and general (functional)
- $285,097
Balance sheet and other
- Total assets, start of year
- $8,829,527
- Total assets, end of year
- $8,620,675
- Total liabilities, end of year
- $6,308,289
- Net assets, end of year
- $2,312,386
- Land, buildings and equipment
- $7,889,693
- Net assets without donor restrictions
- $2,312,386
- Gross receipts
- $3,272,881
- Employees
- 61
- Volunteers
- 15
- Year formed
- 2013
- State of legal domicile
- NY
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Lisa M Betrus | President Officer | 2 | $0 | $518,868 | $26,764 |
| Craig Faerber | Interim Network CFO Officer | 2 | $0 | $524,460 | $0 |
| Michael R Treen | CFO Officer | 2 | $0 | $131,412 | $11,608 |
| Jennifer Miller | Administrator Officer | 40 | $101,005 | $0 | $13,620 |
| Connie A Jastremski | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| John P Militello | Vice Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Marianne E O'Donnell | Secretary Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Robert N Basloe | Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Alan Vincent | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Anna Lyga | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Curtis Pearsall | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Delores Caruso | Board Member (As of 8/24) Trustee or director | 2 | $0 | $0 | $0 |
| James Seward | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Jeffrey J Woeppel | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Judith Gorman | Board Member Trustee or director | 2 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kathleen A Horn | Board Member Trustee or director | 2 | $0 |
| Kathleen Marollo | Board Member Trustee or director | 2 | $0 |
| Linda Talerico | Board Member Trustee or director | 2 | $0 |
| Marybeth McCall MD | Board Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LISA M BETRUS | PRESIDENT Officer | 6 | $0 | $393,317 | $22,351 |
| MICHAEL R TREEN | CFO Officer | 1 | $0 | $129,203 | $17,652 |
| JENNIFER MILLER | ADMINISTRATOR Officer | 40 | $90,043 | $0 | $8,077 |
| CONNIE JASTREMSKI | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN MILITELLO | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HARRY J ENEA JR | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANNA LYGA | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEFFREY WOEPPEL | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATHLEEN A HORN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT N BASLOE | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARIANNE O'DONNELL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JUDITH B GORMAN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATHLEEN MAROLLO | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CURTIS M PEARSALL | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 23 PINE GROVE RD, HERKIMER, NY 13350-0000
- In care of
- % SANDRA MACDONALD
- Principal officer (990 for 2024)
- CONNIE A JASTREMSKI, 690 W GERMAN ST, HERKIMER, NY 13350
- Signed the 990
- MICHAEL R TREEN, CFO
- Phone
- (315) 866-3330
- Website
- WWW.VALLEYHEALTHSERVICES.ORG
- Return prepared by
- KPMG LLP
Mission
TO PROVIDE A SUPPORTIVE LIVING ENVIRONMENT FOR SENIORS, ENSURING A COMFORTABLE LIFE-ENRICHING ATMOSPHERE AND ASSISTANCE WITH DAILY NEEDS, WHILE PROMOTING DIGNITY, PRIVACY AND INDEPENDENCE.
Program accomplishments
- VALLEY RESIDENTIAL SERVICES, INC. (THE FACILITY) IS A 76-BED NOT-FOR-PROFIT ENRICHED HOUSING FACILITY LOCATED IN HERKIMER, NEW YORK. THE FACILITY OFFER RESIDENTS THE INDEPENDENCE OF APARTMENT LIVING, WITH THE CONVENIENCE OF ASSISTED LIVING. RESIDENTS HAVE ACCESS TO SKILLED STAFF MEMBERS AND NURSES THAT PROVIDE MEDICATION MANAGEMENT, ASSISTANCE IN THE HEALTH CENTER, AND READILY AVAILABLE CARE AND TRANSPORTATION IN THE INSTANCE OF AN EMERGENCY. RESIDENTS OF LIMITED MEANS WHO QUALIFY FOR MEDICAID HAVE ACCESS TO THE FACILITY'S ASSISTED LIVING SERVICES THROUGH ITS NYS ASSISTED LIVING PROGRAM (ALP). THE FACILITY WAS INCORPORATED IN SEPTEMBER 2013 AND OPENED TO THE PUBLIC IN THE SPRING OF 2015 WITH 48 BEDS. THE FACILITY COMPLETED CONSTRUCTION ON A 12,107-SQUARE FOOT EXPANSION WHICH INCLUDED 12 ONE BEDROOM APARTMENTS, 2 ONE BEDROOM APARTMENTS WITH A DEN AND 1.5 BATHS, ALONG WITH A NEW WELLNESS AND FITNESS CENTER IN DECEMBER 2018.Expenses $3,242,011 · revenue $3,116,516
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
- 46-3703838
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99)
- Assets (IRS master file)
- $8,620,675
- Income (IRS master file)
- $3,272,881
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,272,881 | $3,527,108 | $8,620,675 | XML |
| 990 | December 2023 | $2,772,101 | $3,390,713 | $8,829,527 | XML |
| 990 | December 2022 | $2,112,027 | $3,358,295 | $9,403,751 | 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 46-3703838).
Questions about VALLEY RESIDENTIAL SERVICES INC
- What is the EIN of VALLEY RESIDENTIAL SERVICES INC?
- The employer identification number (EIN) of VALLEY RESIDENTIAL SERVICES INC is 46-3703838.
- Is VALLEY RESIDENTIAL SERVICES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to VALLEY RESIDENTIAL SERVICES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY RESIDENTIAL SERVICES 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 RESIDENTIAL SERVICES INC 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 RESIDENTIAL SERVICES INC 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 RESIDENTIAL SERVICES INC?
- The 990 for the year ended December 31, 2024 names CONNIE A JASTREMSKI.
- Who are the officers and directors of VALLEY RESIDENTIAL SERVICES INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 1 received compensation from the organization.
- How much revenue does VALLEY RESIDENTIAL SERVICES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,272,881, expenses of $3,527,108 and total assets of $8,620,675 at year end.
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