Spring Valley Comm Dev Corp

Not tax-deductible

Spring Valley, NY501(c)(4)EIN 13-3050320

61¢ of each $1 spent went to programs.
$143K paid to officers and key staff.
Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $51K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$143K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$371K
129% of total assets
Concern: liabilities are 129% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+3% vs prior year
Spent
$1.1M
To programs
61%
Net assets
−$84K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +3%
Revenue by fiscal year
FY2020$921K
FY2021$1.1M
FY2022$1.2M
FY2023$1.1M
FY2024$1.1M
Expenses
$1.1M
FY2024▼ -5%
Expenses by fiscal year
FY2020$1.0M
FY2021$1.2M
FY2022$1.1M
FY2023$1.1M
FY2024$1.1M
Net assets
−$84K
FY2024▲ +12%
Net assets by fiscal year
FY2020$44K
FY2021−$71K
FY2022−$19K
FY2023−$95K
FY2024−$84K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $659K Management & general 39% · $421K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990; $143K paid to officers and key staff.

Part VII, Section A · reportable compensation
$143,040Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Patricia Caldwell$143,040$143,040$143,040$145,790$143,040

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Spring Valley Comm Dev Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Spring Valley Comm Dev Corp is a membership association based in Spring Valley, NY.

Provided by the organization

This section is blank until Spring Valley Comm Dev Corp claims this page.

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1 program service account for $659K of program spending, described in the organization's own filed words · FY2024.
01

Provide for the rehabilitation, management and rental of residential buildings for the low income community of Spring Valley, New York.

$659Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Money outPt IX
$1.1M
Ln 25
Programscol B$659K
Managementcol C$421K
Owns and owesPt X
−$84K
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$287K
LiabilitiesLn 26$371K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.1M
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$31K
Cash and savings togetherLn 1–2$31K
Land, buildings, equipmentLn 10c$83K
Other assetsLn 15$70K
Total assetsLn 16$287K
LiabilitiesLn 26$371K
Net assetsLn 32−$84K
OperationsPt I, VI
EmployeesI 57
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$32K$31K
Land, buildings, equipmentLn 10c$77K$83K
Total assetsLn 16$290K$287K
LiabilitiesLn 26$386K$371K
Net assetsLn 32−$95K−$84K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$360K$90K$270K
Other employee benefitsLn 9$55K$55K
Payroll taxesLn 10$29K$7K$22K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$8K$8K
Office expensesLn 13$17K$17K
OccupancyLn 16$19K$19K
TravelLn 17$600$600
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$130K$120K$10K
Other expenses (24a–d)Ln 24$426K$417K$9K
All other expensesLn 24e$13K$3K$10K
Total functional expensesLn 25$1.1M$659K$421K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$1.1M$11K−$84K 990 PDF
FY2023 $1.1M$1.1M−$76K−$95K 990 PDF
FY2022 $1.2M$1.1M$52K−$19K 990 PDF
FY2021 $1.1M$1.2M−$116K−$71K 990 PDF
FY2020 $921K$1.0M−$127K$44K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,091,224 across 2 lines filed
Lines not itemized here account for $4,363 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,086,861$1,086,861
VIII-12 Total revenueRelated to mission $1,091,224 · Unrelated business $0 · Excluded from tax $0$1,091,224
Part IX · Statement of functional expenses $1,080,055 across 13 lines filed
IX-7 Other salaries and wagesPrograms $90,349 · Management $270,061$360,410
IX-9 Other employee benefitsManagement $55,410$55,410
IX-10 Payroll taxesPrograms $7,320 · Management $21,880$29,200
IX-11b Legal feesPrograms $8,394$8,394
IX-11c Accounting feesManagement $7,750$7,750
IX-13 Office expensesManagement $17,399$17,399
IX-16 OccupancyManagement $19,200$19,200
IX-17 TravelManagement $600$600
IX-20 InterestPrograms $3,575$3,575
IX-22 Depreciation, depletion and amortizationPrograms $9,033$9,033
IX-23 InsurancePrograms $120,040 · Management $10,276$130,316
IX-24 Other expenses (24a–d)Programs $416,934 · Management $8,927$425,861
IX-24e All other expensesPrograms $2,944 · Management $9,963$12,907
IX-25 Total functional expensesPrograms $658,589 · Management $421,466 · Fundraising $0$1,080,055
Part X · Balance sheet $286,605 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $32,441$30,545
X-4 Accounts receivableStart of year $35,129$26,420
X-9 Prepaid expenses and deferred chargesStart of year $76,092$77,199
X-10c Land, buildings and equipment, netStart of year $76,744$82,711
X-15 Other assetsStart of year $69,730$69,730
X-16 Total assetsStart of year $290,136$286,605
X-17 Accounts payable and accrued expensesStart of year $49,538$52,559
X-25 Other liabilitiesStart of year $336,013$318,292
X-26 Total liabilitiesStart of year $385,551$370,851
X-32 Total net assets or fund balancesStart of year −$95,415−$84,246
X-33 Total liabilities and net assetsStart of year $290,136$286,605
Part XI · Reconciliation of net assets −$84,246 net assets at year end
XI-1 Total revenue$1,091,224
XI-2 Total expenses$1,080,055
XI-3 Revenue less expenses$11,169
XI-4 Net assets at start of year−$95,415
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$84,246

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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