Valley Community Association Inc
- Assets
- $6.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 116
- Location
- Buffalo, NY
- Founding
- 11/1969
- Data as of
- 12/2023
- EIN
- 16-0964724
Organization Overview
Valley Community Association Inc is located in Buffalo, NY. The organization was established in 1969. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Valley Community Association Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Community Association Inc 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 12/2023, Valley Community Association Inc generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION IS DEDICATED TO ENHANCING THE QUALITY OF LIFE OF THE RESIDENTS OF THE BUFFALO RIVER COMMUNITY BY MEETING INDIVIDUAL AND FAMILY NEEDS AND PROMOTING ENVIRONMENTAL BEAUTIFICATION AND STEWARDSHIP. ADVOCATING A STRONG SENSE OF EMPOWERMENT AND OWNERSHIP, THE VALLEY COMMUNITY ASSOCIATION'S COMMMITTED STAFF AND VOLUNTEERS SERVE INFANTS THROUGH OLDER AMERICANS WITH HEALTH-RELATED, EDUCATIONAL, ECONOMIC, SOCIAL AND RECREATIONAL, AND COMMUNITY DEVELOPMENT OPPORTUNITIES.
Describe the Organization's Program Activity:
RIVER PARK AND TEWKSBURY LODGE - PRESERVED, PROTECTED AND WORKED TO BEAUTIFY BUFFALO'S WATERFRONT AND THE BUFFALO RIVER AND PROMOTED EDUCATIONAL AND RECREATIONAL EVENTS IN CONNECTION THEREWITH.
SELF SUFFICIENCY - PROVIDED FOOD AND CLOTHING, EMPLOYMENT, RETRAINING AND CRISIS INTERVENTION REFERRALS TO FAMILIES. MUSEUM - PROVIDED EDUCATIONAL MUSEUM WITH INFORMATION FOR THE ENTIRE COMMUNITY ON LOCAL HISTORY. SENIOR CITIZENS - PROVIDED SOCIAL ACTIVITIES, HEALTH AND RELATED SEMINARS AND TRANSPORTATION OF SENIOR CITIZENS.
CHILD CARE - OPERATED TWO FULLY LICENSED DAY CARE FACILITIES. ONE SITE IS TEMPORARILY CLOSED DUE TO THE PANDEMIC.
FAMILY AND YOUTH SERVICES - PROVIDED TUTORING, AFTER SCHOOL STUDY FACILITIES, A VIRTUAL LEARNING HUB, COUNSELING, AND SPORTS AND RECREATION ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Pikuzinski Executive Di | Officer | 40 | $90,875 |
William Butler Board Member | Trustee | 0.5 | $0 |
Joseph Carpino Vice Preside | OfficerTrustee | 15 | $0 |
Sharon Comerford Board Member | Trustee | 0.5 | $0 |
James Cosgrove Board Member | Trustee | 0.5 | $0 |
John Cywinski Treasurer | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,106 |
| Membership dues | $770 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,030,994 |
| All other contributions, gifts, grants, and similar amounts not included above | $269,831 |
| Noncash contributions included in lines 1a–1f | $276,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,304,701 |
| Total Program Service Revenue | $907,194 |
| Investment income | $19,685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $82,861 |
| Net Income from Gaming Activities | $61,591 |
| Net Income from Sales of Inventory | $560,609 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,943,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,914 |
| Compensation of current officers, directors, key employees. | $93,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,474,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,241 |
| Payroll taxes | $149,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $151,341 |
| Advertising and promotion | $0 |
| Office expenses | $9,476 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $397,011 |
| Travel | $35,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $975 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $286,053 |
| Insurance | $57,830 |
| All other expenses | $6,047 |
| Total functional expenses | $3,024,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,647,681 |
| Savings and temporary cash investments | $387,823 |
| Pledges and grants receivable | $286,268 |
| Accounts receivable, net | $100,803 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,672 |
| Net Land, buildings, and equipment | $3,979,972 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,409,219 |
| Accounts payable and accrued expenses | $22,804 |
| Grants payable | $0 |
| Deferred revenue | $23,288 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $46,092 |
| Net assets without donor restrictions | $6,272,064 |
| Net assets with donor restrictions | $91,063 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,409,219 |