Valley Initiative For Affordable Housing
- Assets
- $510.3k
- Revenue
- $60.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Merced, CA
- Founding
- 07/2004
- Data as of
- 12/2023
- EIN
- 51-0487297
Organization Overview
Valley Initiative For Affordable Housing is located in Merced, CA. The organization was established in 2004. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Valley Initiative For Affordable Housing 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 Initiative For Affordable Housing generated $60.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $23.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Macdonald Director | 0 | $0 | |
Dorothy Knox Secretary | 10 | $10,602 | |
Michelle Mineni President | 0 | $0 | |
Kirk Kano Treasurer | 0 | $0 | |
Jill Cunningham Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,084 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54,858 |
| Total Revenue | $60,942 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,602 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,593 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $2,991 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,706 |
| Total operating and administrative expenses | $23,490 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $23,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,463 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $237,838 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $510,301 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |