The Chenango Valley Home
- Assets
- $18.1m
- Revenue
- $1.8m
- Investments
- $12.7m
- Employees
- 0
- Location
- Norwich, NY
- Founding
- 09/1955
- Data as of
- 12/2022
- EIN
- 15-0543650
Organization Overview
The Chenango Valley Home is located in Norwich, NY. The organization was established in 1955. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chenango Valley Home is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Chenango Valley Home generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF AN ELDERLY CARE FACILITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Byron M Harrington President | 3 | $0 | |
Peter N Derensis Vice President | 3 | $0 | |
Mary W Davis Secretary | 3 | $0 | |
Rosemaria Z Cole Treasurer | 3 | $0 | |
Mary El Emerson Member | 1 | $0 | |
John J Antonowicz Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $470,477 |
| Interest on Savings | $0 |
| Dividends & Interest | $167,931 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,757 |
| Capital Gain Net Income | $65,757 |
| Net ST Capital Gain | $65,757 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,054,445 |
| Total Revenue | $1,758,610 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $102,075 |
| Other employee salaries and wages | $1,082,118 |
| Pension plans, employee benefits | $224,783 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $235,320 |
| Occupancy | $55,747 |
| Travel, conferences, and meetings | $3,982 |
| Printing and publications | $0 |
| Other expenses | $380,427 |
| Total operating and administrative expenses | $2,161,647 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,161,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,436 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $6,557 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,913 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,697,371 |
| Net Land, buildings, and equipment | $5,259,007 |
| Other assets | $0 |
| Total assets | $18,094,284 |
| Accounts payable and accrued expenses | $24,139 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $43,846 |
| Total liabilities | $67,985 |