VALLEY COMMUNITY DEVELOPMENT CORPORATION

EIN: 222906466 501(c)(3) Housing & Shelter

NORTHAMPTON, MA

Total Revenue
$4,950,824
Total Expenses
$2,930,935
Total Assets
$23,039,416
Net Assets
$8,336,437
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MA
Principal Officer
LIZ SULLIVAN
Phone
4135865855
Tax Period
2023-07-01 to 2024-06-30

VALLEY COMMUNITY DEVELOPMENT CORPORATION, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $5.0M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.0M, a strong 41% operating margin.

Mission

VALLEY COMMUNITY DEVELOPMENT BUILDS SOCIAL EQUITY BY EXPANDING HOUSING AND SMALL BUSINESS OPPORTUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,641,724
Program Service Revenue $155,000
Investment Income $86,748
Other Revenue $1,067,352
TOTAL REVENUE $4,950,824

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,040,217
Fundraising Expenses $20,447
Program Expenses $2,457,034
Other Expenses $1,890,718
TOTAL EXPENSES $2,930,935

Year-over-Year Comparison

2023 2022 Change
Revenue $4,950,824 $4,190,882 +0.2%
Expenses $2,930,935 $2,369,933 +0.2%
Net Income $2,019,889 $1,820,949 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD ABBOTT TREASURER 1.25
Officer Director
$0 $0 $0
KIM ALSTON VICE PRESIDENT 1.00
Director
$0 $0 $0
GREG RICHANE CLERK 1.00
Officer Director
$0 $0 $0
DOROTHY NEMETZ PRESIDENT 1.00
Officer Director
$0 $0 $0
HUGH HEISLER DIRECTOR 0.50
Director
$0 $0 $0
BILL FONTES DIRECTOR 0.50
Director
$0 $0 $0
CAROL WALKER DIRECTOR 0.50
Director
$0 $0 $0
THERESA LAVALLEY DIRECTOR 0.50
Director
$0 $0 $0
EMILY LAUFLER DIRECTOR 0.25
Director
$0 $0 $0
KRISTEN MARA DIRECTOR 0.50
Director
$0 $0 $0
DR LESLIE SAULSBERRY DIRECTOR 0.50
Director
$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 $2,528,262 $1,606,913 $40,188,722 $921,349
2024 $4,950,824 $2,930,935 $23,039,416 $2,019,889
2023 $4,190,882 $2,369,933 $26,965,396 $1,820,949
2022 $2,066,960 $2,356,207 $13,299,896 $-289,247
2021 $1,983,739 $2,123,062 $9,564,116 $-139,323
2020 $1,811,040 $1,928,835 $9,349,618 $-117,795
2019 $2,730,529 $2,007,051 $9,059,573 $723,478
2018 $2,050,513 $1,971,444 $8,235,460 $79,069
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