Valley Mission Inc
- Assets
- $4.5m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 86
- Location
- Staunton, VA
- Founding
- 08/1980
- Data as of
- 12/2022
- EIN
- 54-0930419
Organization Overview
Valley Mission Inc is located in Staunton, VA. The organization was established in 1980. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Valley Mission Inc employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Mission 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 12/2022, Valley Mission Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 5.8% 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
PROVIDING SHELTER AND FOOD FOR THE HOMELESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES PROVIDES FOOD, SHELTER AND CLOTHING TO PEOPLE IN NEED.
FUNDRAISING EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wyatt Brown Vice Chair | OfficerTrustee | 1 | $0 |
Velma Bryant Director | Trustee | 1 | $0 |
Lydia Campbell Secretary | OfficerTrustee | 1 | $0 |
Katherine King Chair | OfficerTrustee | 2 | $0 |
Donna Ladd Director | Trustee | 1 | $0 |
Cathy Marsh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,699 |
| All other contributions, gifts, grants, and similar amounts not included above | $955,126 |
| Noncash contributions included in lines 1a–1f | $3,968 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,009,825 |
| Total Program Service Revenue | $1,071,225 |
| Investment income | $45,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,577 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,125,617 |
| 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. | $82,000 |
| Compensation of current officers, directors, key employees. | $32,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,012,655 |
| Pension plan accruals and contributions | $4,540 |
| Other employee benefits | $95,177 |
| Payroll taxes | $80,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,992 |
| Advertising and promotion | $129 |
| Office expenses | $4,650 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $310,750 |
| Travel | $5,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,992 |
| Insurance | $11,422 |
| All other expenses | $30,298 |
| Total functional expenses | $1,828,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,344 |
| Savings and temporary cash investments | $2,522,447 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $810 |
| 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 | $0 |
| Net Land, buildings, and equipment | $713,977 |
| Investments—publicly traded securities | $1,229,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,308 |
| Other assets | $8,133 |
| Total assets | $4,481,891 |
| Accounts payable and accrued expenses | $0 |
| 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 | $5,678 |
| Total liabilities | $5,678 |
| Net assets without donor restrictions | $4,476,213 |
| 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 | $4,481,891 |