HOMESTEAD, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MON VALLEY INITIATIVE, founded in 1988, is a community nonprofit in the Community Improvement sector that reported $5.0M in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $4.7M left a modest 6% surplus.
MON VALLEY INITIATIVE IS A REGIONAL COMMUNITY DEVELOPMENT COPORATION REPRESENTING COMMUNITIES AND STAKEHOLDERS ALONG THE MONOGAHELA RIVER AND ITS TRIBUTARIES IN THREE SOUTHWESTERN PENNSYLVANIA COUNTIES. MVI IS ORGANIZED INTO THREE PROGRAM AREAS, TO BEST CARRY OUT ITS MISSION OF "MON VALLEY INITIATIVE STRENGTHENS THE MON VALLEY REGION BY RESPONSIBLY INVESTING IN OUR PEOPLE AND PLACES". THE THREE PROGRAM AREAS ARE REAL ESTATE AND COMMUNITY DEVELOPMENT, HOUSING COUNSELING AND WORKFORCE DEVELOPMENT AND FINANCIAL COACHING.
REAL ESTATE DEVELOPMENT: THE PURPOSE OF MVI'S REAL ESTATE DEVELOPMENT PROGRAM IS TO HELP REBUILD THE FABRIC OF MVI'S MEMBER COMMUNITIES, THEREBY STABILIZING BOTH THE BUILT ENVIRONMENT AND PROPERTY...
REAL ESTATE DEVELOPMENT: THE PURPOSE OF MVI'S REAL ESTATE DEVELOPMENT PROGRAM IS TO HELP REBUILD THE FABRIC OF MVI'S MEMBER COMMUNITIES, THEREBY STABILIZING BOTH THE BUILT ENVIRONMENT AND PROPERTY VALUES, MAINTAINING THE TAX BASE, AND PROMOTING A CULTURE OF PUBLIC SAFETY AND COMMUNITY CONFIDENCE. MVI PROVIDES DIRECT REAL ESTATE DEVELOPMENT SERVICES THROUGH EXISTING PROGRAMS INCLUDING "REHAB FOR RESALE" (ACQUISITION, RENOVATION AND RESALE OF EXISTING BLIGHTED AND VACANT PROPERTIES), NEW CONSTRUCTION HOUSING IN TARGETED AREAS, OWNER- OCCUPIED REHABS, RESIDENTIAL RENTAL DEVELOPMENT, THE DEVELOPMENT OF STRATEGIC COMMERCIAL SPACES IN TARGETED BUSINESS DISTRICTS, AND VARIOUS COMPLEMENTARY INITIATIVES IN COMMUNITY PLANNING, ZONING AND MARKETING OUTREACH. MVI AND ITS LOCALLY-BASED PARTNERS HAVE NOW COMPLETED CONSTRUCTION, REDEVELOPMENT OR FACILITATED THE TRANSFER OF 675 UNITS OF HOUSING, WITH 8 UNITS UNDER CONSTRUCTION AND 12 UNITS IN PREDEVELOPMENT.
HOUSING COUNSELING: THE MON VALLEY INITIATIVE NATIONAL INTERMEDIARY IS A HUD-APPROVED NATIONAL HOUSING COUNSELING INTERMEDIARY THAT PROVIDES ADMINISTRATIVE SERVICES, HOUSING COUNSELING FUNDING, AND...
HOUSING COUNSELING: THE MON VALLEY INITIATIVE NATIONAL INTERMEDIARY IS A HUD-APPROVED NATIONAL HOUSING COUNSELING INTERMEDIARY THAT PROVIDES ADMINISTRATIVE SERVICES, HOUSING COUNSELING FUNDING, AND PERFORMANCE MONITORING SERVICES TO A NATIONAL NETWORK OF SUB-GRANTEE AGENCIES. THE AGENCIES IN TURN PROVIDE ELIGIBLE HOUSING COUNSELING SERVICES TO PARTICIPANTS IN THEIR LOCAL AREAS. DURING THE 2024 HUD FISCAL YEAR, THE AGENCIES PROVIDED HOUSING COUNSELING TO 7,122 HOUSEHOLDS. MVI'S HOUSING COUNSELING PROGRAM IS A SUB-GRANTEE AGENCY OF THE MON VALLEY INITIATIVE NATIONAL INTERMEDIARY. THE PURPOSE OF MVI'S PRE-PURCHASE HOUSING COUNSELING PROGRAM IS TO EDUCATE AND ASSIST INDIVIDUALS AND FAMILIES, WITH LOW AND MODERATE INCOMES, IN THE PROCESS OF OBTAINING AN AFFORDABLE MORTGAGE TO FACILITATE THE PURCHASE OF A HOME. MVI PROVIDES CREDIT AND BUDGET ANALYSES, AND HUD- AND PHFA-APPROVED HOUSING COUNSELING ACTION PLANS TO BRING PARTICIPANTS TO MORTGAGE-READINESS. MVI ALSO COORDINATES SERVICES WITH SEVERAL OTHER HOUSING COUNSELING AGENCIES IN OUR AREA. DURING 2024, MVI'S HOUSING COUNSELING PROGRAM PROVIDED ASSISTANCE TO 111 PARTICIPANTS THROUGH PRE-PURCHASE HOUSING COUNSELING. OF THOSE RECEIVING PRE-PURCHASE COUNSELING, 37 WENT ON TO BECOME HOMEOWNERS.
COMMUNITY DEVELOPMENT: THE COMMUNITY DEVELOPMENT AND OUTREACH EFFORTS UNDERTAKEN THROUGH THIS PROGRAM SUPPORT AND ENGAGE VOLUNTEERS, PARTNER ORGANIZATIONS, COMMUNITY RESIDENTS AND STAKEHOLDERS TO...
COMMUNITY DEVELOPMENT: THE COMMUNITY DEVELOPMENT AND OUTREACH EFFORTS UNDERTAKEN THROUGH THIS PROGRAM SUPPORT AND ENGAGE VOLUNTEERS, PARTNER ORGANIZATIONS, COMMUNITY RESIDENTS AND STAKEHOLDERS TO BUILD CONNECTIONS AND GATHER VITAL GUIDANCE AND FEEDBACK, ENSURING THE MVI REMAINS DEEPLY ENGAGED AT THE LOCAL LEVEL. THE PROGRAM STAFF PROVIDE GUIDANCE TO PARTNER ORGANIZATIONS, COORDINATE SPECIAL EVENTS, AND PROVIDE SUPPORT TO THE OTHER MVI PROGRAM AREAS. MVI'S WORK WAS SUPPORTED BY A VOLUNTEER BASE OF APPROXIMATELY 135 INDIVIDUALS IN 2024.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,040,135 | $14,993,148 | -0.7% |
| Expenses | $4,743,823 | $5,660,108 | -0.2% |
| Net Income | $296,312 | $9,333,040 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LAURA ZINSKI | CEO | 40.00 |
Officer
|
$125,000 | $0 | $125,000 |
| APRIL HOOVER | CFO | 40.00 |
Officer
|
$93,127 | $0 | $93,127 |
| GODFREY BETHEA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BARATA BEY | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DALE BIZUB | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDSEY COY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEBEDIAH FELDMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JANE FLAHERTY | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MONET HAM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY CAROL KENNEDY | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BARBARA LAFACE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TYLER REEDER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD WALLACE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRY WARD | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $5,040,135 | $4,743,823 | $22,832,294 | $296,312 |
| 2023 | $14,993,148 | $5,660,108 | $22,726,082 | $9,333,040 |
| 2022 | $6,041,263 | $5,577,187 | $14,466,741 | $464,076 |
| 2021 | $6,776,914 | $5,935,490 | $13,834,509 | $841,424 |
| 2020 | $6,065,542 | $3,222,954 | $12,722,267 | $2,842,588 |
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