Progress Valley Inc Corporate Offices
- Assets
- $15.0m
- Revenue
- $5.7m
- Investments
- $4.8m
- Employees
- 87
- Location
- Bloomington, MN
- Founding
- 03/1973
- Data as of
- 12/2022
- EIN
- 41-0979451
Organization Overview
Progress Valley Inc Corporate Offices is located in Bloomington, MN. The organization was established in 1973. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Progress Valley Inc Corporate Offices employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Progress Valley Inc Corporate Offices 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, Progress Valley Inc Corporate Offices generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $6.1m during the year ending 12/2022. While expenses have increased by 9.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROGRESS VALLEY PROVIDES A CONTINUUM OF RECOVERY SUPPORT SERVICES WHICH ENCOURAGES AND GUIDES INDIVIDUALS TO LEAD RESPONSIBLE, FULFILLING, CHEMICAL-FREE LIVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL PROGRAMS-TOTAL # OF RESIDENTIAL CLIENTS SERVED - TOTAL 375 (PV2-197 PV3-178)OCCUPANCY RATES - PV2 WOMEN 80% PV3 MEN 80%SUCCESSFUL COMPLETION OF RESIDENTIAL - PV2 WOMEN 56% PV3 MEN 62% TOTAL # OF OUTPATIENT CLIENTS SERVED - TOTAL 206 (PV2 OUT-206)SUCCESSFUL COMPLETION OF OUTPATIENT - PV2 OUT 55% ASSESSMENTS - TOTAL 117 SOBER HOUSING-TOTAL # OF TENANTS SERVED - 84 (47 MALE, 37 FEMALE)OCCUPANCY RATES - MEN 76% WOMEN 82%AVERAGE STAY - MEN 7.0 MONTHS WOMEN 11.5 MONTHSSUCCESSFUL COMPLETION/MOVE OUT - MEN 54% WOMEN 81%EMPLOYMENT/SCHOOL - MEN 88% WOMEN 63%OUTPATIENT WITH HOUSING-TOTAL # OF CLIENTS SERVED - 102 (41 MALE, 61 FEMALE)AVERAGE STAY - MEN 86.1 DAYS WOMEN 49.0 DAYSSUCCESSFUL COMPLETION - MEN 68% WOMEN 65%
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Wyhinny Treasurer | OfficerTrustee | 1 | $0 |
Andy Sawyer Director | Trustee | 1 | $0 |
Colleen Dorsey Director | Trustee | 1 | $0 |
Delaney Leighton Director | Trustee | 1 | $0 |
Ericka Miller Vice Chair | OfficerTrustee | 1 | $0 |
Jeff Mertens Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,364 |
| Total Program Service Revenue | $5,399,686 |
| Investment income | $90,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,321 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,653,582 |
| 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. | $549,365 |
| Compensation of current officers, directors, key employees. | $40,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,818,367 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $486,518 |
| Payroll taxes | $233,712 |
| 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 | $158,738 |
| Advertising and promotion | $11,437 |
| Office expenses | $49,608 |
| Information technology | $125,844 |
| Royalties | $0 |
| Occupancy | $393,987 |
| Travel | $21,479 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $373,395 |
| Insurance | $123,306 |
| All other expenses | $18,016 |
| Total functional expenses | $6,075,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,745 |
| Savings and temporary cash investments | $73,349 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,138,418 |
| 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 | $121,031 |
| Net Land, buildings, and equipment | $8,687,371 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,813,937 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,961,851 |
| Accounts payable and accrued expenses | $417,362 |
| Grants payable | $0 |
| Deferred revenue | $29,645 |
| 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 | $2,275,677 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,722,684 |
| Net assets without donor restrictions | $12,239,167 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,961,851 |