CHERRY VALLEY COMMUNITY FACILITIES

EIN: 161499182 501(c)(3) Community Improvement

CHERRY VALLEY, NY

Total Revenue
$-19,130
Total Expenses
$35,613
Total Assets
$1,633,688
Net Assets
$1,104,077
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NY
Principal Officer
RICHARD SABA
Phone
6072649300
Tax Period
2024-01-01 to 2024-12-31

CHERRY VALLEY COMMUNITY FACILITIES, founded in 1996, is a micro nonprofit in the Community Improvement sector that reported $19K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION IS FORMED FOR THE PURPOSE OF PRESERVING THE OLD SCHOOL HOUSE FOR USE BY THE COMMUNITY. THIS INCLUDES OFFERING CULTURAL PROGRAMMING AND ENCOURAGING ARTS-RELATED BUSINESS VENTURES AS WELL AS MAINTAINING AN ARTS AND LOCAL INTEREST REFERENCE MATERIALS COLLECTION. THE ORGANIZATION'S MISSION INCLUDES NOT ONLY PRESENTING EDUCATIONAL ENRICHMENT PROGRAMS BUT ALSO PROVIDING SPACE FOR EDUCATION OR TRAINING OFFERINGS MADE BY OTHER ORGANIZATIONS. IN CONJUNCTION WITH VILLAGE AND TOWN AGENCIES, THE ORGANIZATION ALSO PROVIDES COMMUNITY RECREATION FACILITIES. A WING OF THE FACILITY HAS ALSO BEEN RENOVATED TO PROVIDE 10 LOW-INCOME RESIDENCES FOR SENIOR CITIZENS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,660
Program Service Revenue $0
Investment Income $2
Other Revenue $-31,792
TOTAL REVENUE $-19,130

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $713
Program Expenses $29,720
Other Expenses $35,613
TOTAL EXPENSES $35,613

Year-over-Year Comparison

2024 2023 Change
Revenue $-19,130 $-37,222 -0.5%
Expenses $35,613 $34,735 +0.0%
Net Income $-54,743 $-71,957 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE BOSMA DIRECTOR 1.00
Director
$0 $0 $0
TIM BOUCHARD DIRECTOR 1.00
Director
$0 $0 $0
TOM BOWEN DIRECTOR 4.00
Director
$0 $0 $0
OLGA DANIEL DIRECTOR 4.00
Director
$0 $0 $0
JACKIE DELONG DIRECTOR 3.00
Director
$0 $0 $0
CHRISTINE ERWAY DIRECTOR 2.00
Director
$0 $0 $0
JAMES JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
MARK MASTROIANNI DIRECTOR 8.00
Director
$0 $0 $0
CHARLES MATTESON DIRECTOR 2.00
Director
$0 $0 $0
ANGELICA PALMER TREASURER 9.00
Director
$0 $0 $0
MAGGIE SOLOMCZAK DIRECTOR 1.00
Director
$0 $0 $0
BUTCH YAGER DIRECTOR 2.00
Director
$0 $0 $0
DAN MCCAMLEY SECRETARY 3.00
Officer
$0 $0 $0
RICHARD SABA CHAIRMAN 9.00
Officer
$0 $0 $0
CARL WALDMAN VICE CHAIRMA 9.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $-19,130 $35,613 $1,633,688 $-54,743
2023 $-37,222 $34,735 $1,712,147 $-71,957
2022 $50,392 $59,432 $1,810,835 $-9,040
2021 $27,798 $58,042 $1,861,952 $-30,244
2020 $999,352 $27,850 $1,902,174 $971,502
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