Valley Residential Services Inc

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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

2013

Legal Domicile

Phone

3158663330

Tax Period

2024-01-01 to 2024-12-31

Valley Residential Services Inc, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

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 Service Accomplishments

Program 1

Expenses: $3,242,011 Revenue: $3,116,516

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.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $156,365

Program Service Revenue $3,116,516

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,272,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,046,677

Fundraising Expenses $0

Program Expenses $3,242,011

Other Expenses $1,480,431

TOTAL EXPENSES $3,527,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,272,881	$2,772,101	+0.2%
Expenses	$3,527,108	$3,390,713	+0.0%
Net Income	$-254,227	$-618,612	-0.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$1,327,737

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Connie A Jastremski	Chair	2.0	Officer Director	$0	$0	$0
John P Militello	Vice Chair	2.0	Officer Director	$0	$0	$0
Marianne E O'Donnell	Secretary	2.0	Officer Director	$0	$0	$0
Robert N Basloe	Treasurer	2.0	Officer Director	$0	$0	$0
Alan Vincent	Board Member	2.0	Director	$0	$0	$0
Anna Lyga	Board Member	2.0	Director	$0	$0	$0
Curtis Pearsall	Board Member	2.0	Director	$0	$0	$0
Delores Caruso	Board Member (As of 8/24)	2.0	Director	$0	$0	$0
James Seward	Board Member	2.0	Director	$0	$0	$0
Jeffrey J Woeppel	Board Member	2.0	Director	$0	$0	$0
Judith Gorman	Board Member	2.0	Director	$0	$0	$0
Kathleen A Horn	Board Member	2.0	Director	$0	$0	$0
Kathleen Marollo	Board Member	2.0	Director	$0	$0	$0
Linda Talerico	Board Member	2.0	Director	$0	$0	$0
Marybeth McCall MD	Board Member	2.0	Director	$0	$0	$0
Craig Faerber	Interim Network CFO	2.0	Officer	$0	$0	$524,460
Jennifer Miller	Administrator	40.0	Officer	$101,005	$13,620	$114,625
Lisa M Betrus	President	2.0	Officer	$0	$26,764	$545,632
Michael R Treen	CFO	2.0	Officer	$0	$11,608	$143,020

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	$3,272,881	$3,527,108	$8,620,675	$-254,227
2023	$2,772,101	$3,390,713	$8,829,527	$-618,612
2022	$2,112,027	$3,358,295	$9,403,751	$-1,246,268
2021	$1,950,821	$2,809,954	$9,844,242	$-859,133
2020	$2,217,480	$2,814,782	$10,363,154	$-597,302
2019	$1,967,145	$2,748,256	$10,961,424	$-781,111
2018	$1,965,822	$2,461,660	$11,464,913	$-495,838