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Valley Cares INC FY2020 filing

Tax-deductible

Townshend, VT501(c)(3)Since 2004HousingEIN 20-1980713

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Create and provide a continuum of quality affordable housing and eldercare services for the residents of the west river Valley and beyond, in cooperation with the community organizations and agencies that serve them.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$100K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 surplus $42K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
Spent
$2.4M
To programs
87%
Net assets
$970K
By yearFY2020–FY2024
Revenue
$2.3M
FY2020
Revenue by fiscal year
FY2020$2.3M
FY2021$2.4M
FY2022$2.5M
FY2023$2.1M
FY2024$2.3M
FY2024$3.1M
Expenses
$2.4M
FY2020
Expenses by fiscal year
FY2020$2.4M
FY2021$2.5M
FY2022$2.3M
FY2023$2.2M
FY2024$2.1M
FY2024$2.3M
Net assets
$970K
FY2020
Net assets by fiscal year
FY2020$970K
FY2021$893K
FY2022$1.1M
FY2023$1.1M
FY2024$1.4M
FY2024$2.2M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Apr 2006.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $2.1M Management & general 13% · $321K

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

13 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Susanne Shapiro
Executive Director
$77,974Pt VII · Sec A
Joanne Blanchard
Executive Director
$21,648Pt VII · Sec A
Judy Ferenbach
Vice President/Acting President
$0Pt VII · Sec A
Roger Allbee
Treasurer
$0Pt VII · Sec A
Genevieve Rowell
Alf Representative
$0Pt VII · Sec A
Jessica Emerson
Secretary/Gch Representative
$0Pt VII · Sec A
Jean Albee
Board Member
$0Pt VII · Sec A
Pete Carlson
Board Member
$0Pt VII · Sec A

Joanne Blanchard’s $106K as Executive Director is at the 40th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Joanne Blanchard$106,126$94,023$91,395$87,512$21,648$21,648
Susanne Shapiro—————$77,974

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.

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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 15aYes

Programs and updates

Provides affordable housing and elder care services for residents.

Provided by the organization

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1 program service account for $2.1M of program spending, described in the organization's own filed words · FY2019.
01

Acting as co-developer, valley cares works toward the development of a special needs senior housing project in townshend, VT for low-income elderly, and provides administrative and management services for the operation of the project.

$2.1Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Vermont Community FoundationFY2024$50K
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$2.1M
Gifts and grantsLn 1h$169K
Investment incomeLn 3$369
Money outPt IX
$2.4M
Ln 25
Programscol B$2.1M
Managementcol C$321K
Owns and owesPt X
$970K
net assets · Ln 32
Cash and savingsLn 1–2$266K
Total assetsLn 16$2.4M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$169K
Government grantsLn 1e$51K
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$369
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$266K
Cash and savings togetherLn 1–2$266K
Land, buildings, equipmentLn 10c$381K
Other assetsLn 15$503K
Total assetsLn 16$2.4M
LiabilitiesLn 26$1.4M
Net assetsLn 32$970K
OperationsPt I, VI
EmployeesI 553
VolunteersI 610
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$118K$266K
Land, buildings, equipmentLn 10c$394K$381K
Total assetsLn 16$2.2M$2.4M
LiabilitiesLn 26$1.1M$1.4M
Net assetsLn 32$1.1M$970K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$110K$22K$88K
Other salaries and wagesLn 7$1.1M$932K$164K
Pension plan contributionsLn 8$20K$17K$3K
Other employee benefitsLn 9$131K$111K$20K
Payroll taxesLn 10$88K$75K$13K
Accounting feesLn 11c$22K$19K$3K
Advertising and promotionLn 12$19K$19K
Office expensesLn 13$10K$10K
Information technologyLn 14$4K$3K$555
OccupancyLn 16$15K$13K$2K
TravelLn 17$7K$7K
Conferences, conventions and meetingsLn 19$99$84$15
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$14K$14K
InsuranceLn 23$76K$76K
Other expenses (24a–d)Ln 24$726K$722K$3K
All other expensesLn 24e$55K$49K$6K
Total functional expensesLn 25$2.4M$2.1M$321K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.3M$2.1M$211K$1.4M 990 PDF
FY2023 $2.1M$2.2M−$26K$1.1M 990 PDF
FY2022 $2.5M$2.3M$227K$1.1M 990 PDF
FY2021 $2.4M$2.5M−$78K$893K 990 PDF
FY2020 Viewing $2.3M$2.4M−$123K$970K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $2,275,015 across 6 lines filed
VIII-1e Government grants$50,603
VIII-1f All other contributions, gifts and grants$118,439
VIII-1h Total contributions, gifts and grants$169,042
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,105,604$2,105,604
VIII-3 Investment incomeRelated to mission $369$369
VIII-12 Total revenueRelated to mission $2,105,973 · Unrelated business $0 · Excluded from tax $0$2,275,015
Part IX · Statement of functional expenses $2,397,603 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $22,098 · Management $88,393$110,491
IX-7 Other salaries and wagesPrograms $931,793 · Management $164,434$1,096,227
IX-8 Pension plan contributionsPrograms $16,699 · Management $2,947$19,646
IX-9 Other employee benefitsPrograms $111,353 · Management $19,650$131,003
IX-10 Payroll taxesPrograms $75,032 · Management $13,241$88,273
IX-11c Accounting feesPrograms $18,850 · Management $3,327$22,177
IX-12 Advertising and promotionPrograms $18,754$18,754
IX-13 Office expensesManagement $10,083$10,083
IX-14 Information technologyPrograms $3,144 · Management $555$3,699
IX-16 OccupancyPrograms $12,901 · Management $2,277$15,178
IX-17 TravelManagement $6,828$6,828
IX-19 Conferences, conventions and meetingsPrograms $84 · Management $15$99
IX-20 InterestPrograms $5,174$5,174
IX-22 Depreciation, depletion and amortizationPrograms $14,058$14,058
IX-23 InsurancePrograms $75,700$75,700
IX-24 Other expenses (24a–d)Programs $722,320 · Management $3,312$725,632
IX-24e All other expensesPrograms $48,990 · Management $5,591$54,581
IX-25 Total functional expensesPrograms $2,076,950 · Management $320,653 · Fundraising $0$2,397,603
Part X · Balance sheet $2,405,242 assets, 12 lines filed
Asset lines not itemized here account for $1,150,214; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $117,797$265,997
X-4 Accounts receivableStart of year $51,467$105,464
X-10c Land, buildings and equipment, netStart of year $393,852$381,023
X-15 Other assetsStart of year $506,538$502,544
X-16 Total assetsStart of year $2,219,868$2,405,242
X-17 Accounts payable and accrued expensesStart of year $35,964$107,788
X-25 Other liabilitiesStart of year $32,261$278,393
X-26 Total liabilitiesStart of year $1,127,095$1,435,057
X-27 Net assets without donor restrictionsStart of year $892,773$770,185
X-28 Net assets with donor restrictionsStart of year $200,000$200,000
X-32 Total net assets or fund balancesStart of year $1,092,773$970,185
X-33 Total liabilities and net assetsStart of year $2,219,868$2,405,242
Part XI · Reconciliation of net assets $970,185 net assets at year end
XI-1 Total revenue$2,275,015
XI-2 Total expenses$2,397,603
XI-3 Revenue less expenses−$122,588
XI-4 Net assets at start of year$1,092,773
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$970,185

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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