Valley Residential Services Inc
- Assets
- $2.7m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 275
- Location
- St Charles, MI
- Founding
- 07/1992
- Data as of
- 09/2021
- EIN
- 38-2687303
Organization Overview
Valley Residential Services Inc is located in St Charles, MI. The organization was established in 1992. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 09/2022, Valley Residential Services Inc employed 275 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Residential Services 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 09/2021, Valley Residential Services Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $7.9m during the year ending 09/2021. While expenses have increased by 1.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY RESIDENTIAL CARE FOR DEVELOPMENTALLY DISABLED ADULTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE OF MICHIGAN FUNDED SPECIALIZED RESIDENTIAL FACILITIES FOR DEVELOPMENTALLY DISABLED ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Beach Executive Di | 50 | $149,143 | |
Stephanie Riley Executive Di | Trustee | 55 | $96,773 |
Jacqueline Jason President | OfficerTrustee | $0 | |
Courtney Traver Treasurer | OfficerTrustee | $0 | |
Margo Walker Secretary | OfficerTrustee | $0 | |
Faith Simison Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,260,739 |
| Investment income | $1,292 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,569 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,982,043 |
| Statement of Expenses | |
|---|---|
| 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. | $227,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,560,668 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $162,275 |
| Payroll taxes | $480,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $103,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $100,962 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $473,879 |
| Travel | $46,089 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $376 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,047 |
| Insurance | $199,890 |
| All other expenses | $0 |
| Total functional expenses | $7,917,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,417 |
| Savings and temporary cash investments | $1,259,059 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $766,430 |
| 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 | $124,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,710 |
| Total assets | $2,743,846 |
| Accounts payable and accrued expenses | $473,038 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $473,038 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,270,808 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valley Residential Services Inc has recieved totaling $7,471.
| Awarding Organization | Amount |
|---|---|
Feeding America West Michigan Comstock Park, MI PURPOSE: FIGHT HUNGER | $7,471 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Training & Treatment Innovations Inc Oxford, MI | $4,219,988 | $19,202,444 |
Michigan Community Services Inc Swartz Creek, MI | $9,785,401 | $17,419,566 |
Buckeye Plain Ministry Group Middlefield, OH | $4,397,089 | $15,353,471 |
Bridgeway Academy Columbus, OH | $11,163,009 | $12,055,177 |
Community Living Alliance Inc Madison, WI | $5,997,811 | $9,392,799 |
Consumer Services Inc Mason, MI | $3,818,010 | $9,133,531 |
Presbyterian Villages Of Michigan Southfield, MI | $39,059,165 | $13,361,695 |
Agape Of Appleton Inc Appleton, WI | $4,000,924 | $8,761,360 |
Michigan 211 Inc Lansing, MI | $2,346,017 | $9,135,117 |
Valley Residential Services Inc St Charles, MI | $2,743,846 | $7,982,043 |
United States Tennis Association Inc Indianapolis, IN | $2,756,106 | $7,539,016 |