Valley Development Initiatives

Organization Overview

Valley Development Initiatives is located in Salem, OR. The organization was established in 1995. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Development Initiatives is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 06/2021, Valley Development Initiatives generated $336.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $375.4k during the year ending 06/2021. While expenses have increased by 13.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PRINCIPAL PURPOSE OF THIS CORPORATION SHALL BE TO ACT AS AN INTERMEDIARY BORROWER/RELENDER WITHIN THE SCOPE OF CERTAIN "INTERMEDIARY RELENDING PROGRAMS" ESTABLISHED BY THE U.S. DEPARTMENT OF AGRICULTURE, RURAL DEVELOPMENT, AND THE U.S. SMALL BUSINESS ADMINISTRATION; AS A LENDER OF OTHER PUBLIC FUNDS SUCH AS THOSE MADE AVAILABLE UNDER THE RURAL BUSINESS ENTERPRISE GRANT PROGRAM ESTABLISHED BY RURAL DEVELOPMENT AND FUNDS THAT MAY BE DERIVED FROM OTHER PUBLIC AGENCIES TO ACCOMPLISH SIMILAR GOALS, AND PROVIDE AFFORDABLE HOUSING THAT IS DECENT, SAFE, AND SANITARY FOR LOW-INCOME FAMILIES, TO CARRY OUT A NEIGHBORHOOD REVITALIZATION OR COMMUNITY ECONOMIC DEVELOPMENT, AND TO CONTRACT WITH AN APPROPRIATE POLITICAL SUBDIVISION ("A PUBLIC BODY" AS DEFINED IN ORS 30.620) OF THE STATE OF OREGON TO ADMINISTER SUCH PROGRAM IN THE NAME OF THIS CORPORATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED LOANS TO SMALL BUSINESSES LOCATED IN RURAL COMMUNITIES OF CLACKAMAS, MARION, POLK, AND YAMHILL COUNTIES IN OREGON. NO LOANS WERE MADE DURING THE FISCAL YEAR AND AS OF JUNE 30, 2021, EIGHTEEN LOANS WERE OUTSTANDING. IN ADDITION, STAFF ASSISTED TWELVE HOMEOWNERS WITH OVER $100,000 IN LOW INTEREST LOANS THROUGH THE TRADITIONAL HOUSING REHABILITATION LOAN PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Joyce
President
$0
Derik Munns
Vice President
$0
Tom Pessemier
Secretary
$0
Renata Chmielowski
Program Director
$0
Sam Brentano
Director
$0
Nancie Rogers
Director
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$332,580
Investment income $4,355
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $336,935

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