Spring Valley Comm Dev Corp FY2021 filing

Not tax-deductible

Spring Valley, NY501(c)(4) EIN 13-3050320Revenue $1.1M in FY2021Latest return filed Nov 13, 2025

On file with the IRSSpring Valley, NYTax-exempt since Nov 1983

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501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
64¢ of each $1 spent went to programs.
$146K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
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
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
64% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$146K
to officers and key staff · 12% of spending
Pay to officers and key staff is 12% of spending.
Part VII, Section A
0.9 mo
of spending, in cash
0.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$488K
117% of total assets
Liabilities are 117% of assets.
Pt X · Ln 26
Independent board members
0
of 3 voting members
None of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.1M
+15% vs prior year
Spent
$1.2M
To programs
64%
Net assets
−$71K
By yearFY2020–FY2024
Revenue
$1.1M
FY2021▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$921K
FY2021$1.1M
FY2022$1.2M
FY2023$1.1M
FY2024$1.1M
Expenses
$1.2M
FY2021▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.2M
FY2022$1.1M
FY2023$1.1M
FY2024$1.1M
Net assets
−$71K
FY2021▼ -260%
Tap a bar for its year
Net assets by fiscal year
FY2020$44K
FY2021−$71K
FY2022−$19K
FY2023−$95K
FY2024−$84K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

64 cents of each dollar spent went to programs.

Program services 64% · $753K Management & general 36% · $418K

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

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Who runs it and what they're paid

4 people listed on the 990; $146K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$145,790Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 →

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.

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1 program · $753K · in their own filed words · FY2021
01

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

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 13-3050320) · Dispute this line
$753Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$960K
Other incomeLn 4–11$96K
Money outPt IX
$1.2M
Ln 25
Programscol B$753K
Managementcol C$418K
Owns and owesPt X
−$71K
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$417K
LiabilitiesLn 26$488K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$960K
Other incomeLn 4–11$96K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$92K
Cash and savings togetherLn 1–2$92K
Accounts receivableLn 4$87K
Prepaid expenses and deferred chargesLn 9$74K
Land, buildings, equipmentLn 10c$94K
Other assetsLn 15$70K
Total assetsLn 16$417K
LiabilitiesLn 26$488K
Net assetsLn 32−$71K
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 FY21End FY21
Cash and savingsLn 1–2$47K$92K
Land, buildings, equipmentLn 10c$93K$94K
Total assetsLn 16$347K$417K
LiabilitiesLn 26$303K$488K
Net assetsLn 32$44K−$71K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$408K$146K$262K
Pension plan contributionsLn 8$10K$10K
Other employee benefitsLn 9$44K$44K
Payroll taxesLn 10$36K$13K$23K
Accounting feesLn 11c$13K$13K
Office expensesLn 13$15K$15K
OccupancyLn 16$19K$19K
TravelLn 17$2K$2K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$91K$78K$13K
Other expenses (24a–d)Ln 24$507K$499K$8K
All other expensesLn 24e$13K$2K$10K
Total functional expensesLn 25$1.2M$753K$418K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $1.1M$1.1M$11K−$84K 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $1.1M$1.1M−$76K−$95K 990 PDF
FY2022Filed with the IRS Nov 13, 2023 $1.2M$1.1M$52K−$19K 990 PDF
FY2021 ViewingFiled with the IRS Nov 10, 2022 $1.1M$1.2M−$116K−$71K 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $921K$1.0M−$127K$44K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $1,056,142 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $914,165$960,042
I-10 Investment incomePrior year $1$0
I-11 Other revenuePrior year $7,000$96,100
I-12 Total revenuePrior year $921,166$1,056,142
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $581,922$496,823
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $466,646$675,024
I-18 Total expensesPrior year $1,048,568$1,171,847
I-19 Revenue less expensesPrior year −$127,402−$115,705
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,056,142 across 3 lines filed
Lines not itemized here account for $5,069 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $954,973$954,973
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $96,100$96,100
VIII-12 Total revenueRelated to mission $1,056,142 · Unrelated business $0 · Excluded from tax $0$1,056,142
Part IX · Statement of functional expenses $1,171,847 across 13 lines filed
IX-7 Other salaries and wagesPrograms $145,750 · Management $261,770$407,520
IX-8 Pension plan contributionsManagement $9,772$9,772
IX-9 Other employee benefitsManagement $43,688$43,688
IX-10 Payroll taxesPrograms $12,819 · Management $23,024$35,843
IX-11c Accounting feesManagement $12,750$12,750
IX-13 Office expensesManagement $15,468$15,468
IX-16 OccupancyManagement $19,200$19,200
IX-17 TravelManagement $1,523$1,523
IX-20 InterestPrograms $6,383$6,383
IX-22 Depreciation, depletion and amortizationPrograms $8,762$8,762
IX-23 InsurancePrograms $78,224 · Management $12,938$91,162
IX-24 Other expenses (24a–d)Programs $498,978 · Management $8,101$507,079
IX-24e All other expensesPrograms $2,474 · Management $10,223$12,697
IX-25 Total functional expensesPrograms $753,390 · Management $418,457 · Fundraising $0$1,171,847
Part X · Balance sheet $416,996 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $46,517$91,711
X-4 Accounts receivableStart of year $58,182$87,440
X-9 Prepaid expenses and deferred chargesStart of year $79,642$73,682
X-10c Land, buildings and equipment, netStart of year $93,194$94,433
X-15 Other assetsStart of year $69,730$69,730
X-16 Total assetsStart of year $347,265$416,996
X-17 Accounts payable and accrued expensesStart of year $28,720$44,673
X-25 Other liabilitiesStart of year $274,066$443,549
X-26 Total liabilitiesStart of year $302,786$488,222
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $44,479−$71,226
X-32 Total net assets or fund balancesStart of year $44,479−$71,226
X-33 Total liabilities and net assetsStart of year $347,265$416,996
Part XI · Reconciliation of net assets −$71,226 net assets at year end
XI-1 Total revenue$1,056,142
XI-2 Total expenses$1,171,847
XI-3 Revenue less expenses−$115,705
XI-4 Net assets at start of year$44,479
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$71,226

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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