The Mon Valley Initiative is located in Homestead, PA. The organization was established in 1989. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Mon Valley Initiative employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mon Valley Initiative 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 12/2020, Mon Valley Initiative generated $6.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $3.2m during the year ending 12/2020. While expenses have increased by 2.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mon Valley Initiative has awarded 12 individual grants totaling $575,179. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MON VALLEY INITIATIVE IS A GRASS-ROOTS, REGIONAL COMMUNITY DEVELOPMENT CORPORATION, ORGANIZED TO CARRY OUT ITS MISSION OF MON VALLEY INITIATIVE STRENGTHENS THE MON VALLEY REGION BY RESPONSIBLY INVESTING IN OUR PEOPLE AND PLACES"
Describe the Organization's Program Activity:
Part 3 - Line 4a
REAL ESTATE AND COMMUNITY DEVELOPMENT THE PURPOSE OF MVIS REAL ESTATE & COMMUNITY DEVELOPMENT PROGRAM IS TO HELP REBUILD THE FABRIC OF MVIS 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 OR REDEVELOPMENT OR TRANSFER OF 625 UNITS OF HOUSING, WITH ANOTHER 57 UNITS IN VARIOUS STAGES OF DEVELOPMENT. THE COMMUNITY OUTREACH EFFORTS UNDERTAKEN THROUGH THIS PROGRAM SUPPORT AND ENGAGE VOLUNTEERS AND PARTNER ORGANIZATIONS 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. MVIS WORK WAS SUPPORTED BY A VOLUNTEER BASE OF APPROXIMATELY 135 INDIVIDUALS IN 2020.
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 2020 HUD FISCAL YEAR, THE AGENCIES PROVIDED HOUSING COUNSELING TO 9,806 HOUSEHOLDS. MVIS HOUSING COUNSELING PROGRAM IS A SUB-GRANTEE AGENCY OF THE MON VALLEY INITIATIVE NATIONAL INTERMEDIARY. THE PURPOSE OF MVIS 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 2020, MVIS HOUSING COUNSELING PROGRAM PROVIDED ASSISTANCE TO 594 PARTICIPANTS AND 226 OF THESE PARTICIPATED IN PRE-PURCHASE COUNSELING SERVICES. OF THOSE RECEIVING PRE-PURCHASE COUNSELING, 95 WENT ON TO BECOME HOMEOWNERS.
WORKFORCE DEVELOPMENT AND FINANCIAL COACHING THE PURPOSE OF MVIS WORKFORCE & BUSINESS DEVELOPMENT PROGRAM IS TO INCREASE THE INCOME LEVELS AND FINANCIAL SELF-SUFFICIENCY OF LOCAL RESIDENTS THROUGH EFFECTIVE CAREER DEVELOPMENT SERVICES AND FINANCIAL COACHING, ASSISTING THE UNEMPLOYED AND UNDER-EMPLOYED TO ADVANCE. IN ADDITION TO THE ASSISTANCE PROVIDED TO PARTICIPANTS, THE TEAM WORKS WITH LOCAL EMPLOYERS TO UNDERSTAND THEIR HUMAN RESOURCE NEEDS. MVI PROVIDES DIRECT SERVICES TO PARTICIPANTS THROUGH BASIC CAREER COUNSELING, FINANCIAL COACHING, CLASSROOM WORK, SEMINARS, AND PRE- AND POST-EMPLOYMENT CASE MANAGEMENT. MVI ALSO WORKS WITH MON VALLEY EMPLOYERS TO IDENTIFY SKILL REQUIREMENTS AND EMPLOYMENT OPPORTUNITIES, AND TO MAKE CONNECTIONS ON BEHALF OF MVIS PARTICIPANTS. IN ADDITION TO DIRECT RECRUITMENT AND JOB FAIRS, EMPLOYERS VOLUNTEER PRESENTING IN CAREER EXPLORATION WORKSHOPS AND DOING PRACTICE INTERVIEWS WITH PARTICIPANTS. IN 2020, MVI SERVED 517 PARTICIPANTS (62% OF WHOM WERE OVERCOMING CRIMINAL BACKGROUND ISSUES). SERVED IS DEFINED AS MEETING A PROGRAM MILESTONE: ENROLLED, COMPLETED THE PROGRAM, OBTAINED EMPLOYMENT, OR MAINTAINED EMPLOYMENT FOR AT LEAST SIX MONTHS. DURING THE YEAR, 217 PARTICIPANTS ENROLLED IN MVIS CAREER DEVELOPMENT PLANNING PROCESS, WITH 123 PARTICIPANTS GAINING EMPLOYMENT. DURING THE YEAR, 45 DIFFERENT EMPLOYERS AND TRAINERS PARTICIPATED IN JOB CLUBS AND HIRED OUR PARTICIPANTS. WE ARE ALSO PLEASED TO REPORT THAT 70 PEOPLE WERE ABLE TO INCREASE THEIR NET INCOME. BECAUSE MANY OF THE PARTICIPANTS IN OUR COMMUNITIES ARE DEALING CRIMINAL BACKGROUND ISSUES, WE CONTINUE TO PROVIDE LEADERSHIP IN RESEARCHING ISSUES FACING RE-ENTRANTS AND ADDRESSING THEM WITH OUR VARIOUS CONSTITUENTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Laura Zinski CEO | Officer | 40 | $112,000 |
April Hoover CFO | Officer | 40 | $75,520 |
Dale Bizub Secretary | OfficerTrustee | 2 | $0 |
Mary Carol Kennedy Chair | OfficerTrustee | 2 | $0 |
Joseph P Flynn Jr Vice Chair | OfficerTrustee | 2 | $0 |
Jane Flaherty Treasurer | OfficerTrustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Lga Partners Lp Architecture | 12/30/20 | $373,397 |
Disaster Restoration Services Construction | 12/30/20 | $1,599,349 |
Buchanan Ingersoll & Rooney Pc Legal | 12/30/20 | $153,411 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $912,904 |
All other contributions, gifts, grants, and similar amounts not included above | $2,341,604 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,254,508 |
Total Program Service Revenue | $2,105,534 |
Investment income | $57,441 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $551,093 |
Net Gain/Loss on Asset Sales | $18,445 |
Net Income from Fundraising Events | $18,470 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,065,542 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $710,493 |
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. | $187,520 |
Compensation of current officers, directors, key employees. | $12,480 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $915,719 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $16,271 |
Payroll taxes | $103,387 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $350,035 |
Advertising and promotion | $0 |
Office expenses | $79,901 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $10,401 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $14,684 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $209,086 |
Insurance | $123,880 |
All other expenses | $45,926 |
Total functional expenses | $3,222,954 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $315,993 |
Savings and temporary cash investments | $1,942,727 |
Pledges and grants receivable | $1,404,829 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $219,784 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $14,973 |
Net Land, buildings, and equipment | $7,724,859 |
Investments—publicly traded securities | $0 |
Investments—other securities | $240,489 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $858,613 |
Total assets | $12,722,267 |
Accounts payable and accrued expenses | $1,020,058 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $1,198,411 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $266,405 |
Total liabilities | $2,484,874 |
Net assets without donor restrictions | $9,061,786 |
Net assets with donor restrictions | $1,175,607 |
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 | $12,722,267 |
Over the last fiscal year, The Mon Valley Initiative has awarded $575,179 in support to 12 organizations.
Grant Recipient | Amount |
---|---|
Seattle, WA PURPOSE: HOUSING COUNSELING | $135,913 |
Libertyville, IL PURPOSE: HOUSING COUNSELING | $79,628 |
Philadelphia, PA PURPOSE: HOUSING COUNSELING | $60,434 |
Wilmington, DE PURPOSE: HOUSING COUNSELING | $47,885 |
Aurora, IL PURPOSE: HOUSING COUNSELING | $46,078 |
Fort Worth, TX PURPOSE: HOUSING COUNSELING | $45,000 |
Over the last fiscal year, we have identified 5 grants that The Mon Valley Initiative has recieved totaling $500,000.
Awarding Organization | Amount |
---|---|
Hillman Family Foundations Pittsburgh, PA PURPOSE: CAPITAL RESERVE FUND | $250,000 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA PURPOSE: United Way Grant | $115,000 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: COMMUNITY IMPROVEMENT, CAPACITY BUILDING | $110,000 |
Standard Charitable Foundation Monroeville, PA PURPOSE: CREATING AFFORDABLE HOUSING | $15,000 |
Opportunity Foundation Pittsburgh, PA PURPOSE: CHARITABLE | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |