Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1989.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
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
11 people listed on the 990.
Alexis Breiteneicher’s $119K as Executive Director is at the 51st percentile of top reported officer pay among 2037 $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 · 4 named individuals · Part VII
| Name | FY2023 | FY2021 | FY2020 |
|---|---|---|---|
| Alexis Breiteneicher | $119,134 | — | — |
| Joanne Campbell | — | — | $98,797 |
| Kelly Rose | — | $70,978 | $45,769 |
| Jane Loechler | — | $67,274 | — |
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
Empowers people through homeownership, affordable housing, and small business support.
Questions for Valley Community Development Corporation
Your first name shows with your question. Valley Community Development Corporation answers here, for everyone.
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Rental properties- provides permanent affordable rental housing to low and moderate income and underserved populations in northampton and amherst. All current owned rental properties were developed by valley.
Housing development- valley creates and preserves affordable housing opportunities for people with low and moderate incomes, unhoused people, and other vulnerable populations in hampshire and franklin counties.
Small Business
Provides small business technical assistance and workshops primarily to people with low and moderate incomes and underserved populations (bipoc communities, women, and veterans).
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $967K | $3.3M |
| Land, buildings, equipmentLn 10c | $3.1M | $2.0M |
| Total assetsLn 16 | $23.0M | $40.2M |
| LiabilitiesLn 26 | $14.7M | $30.9M |
| Net assetsLn 32 | $8.3M | $9.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $500K | $325K | $168K | $8K |
| Other employee benefitsLn 9 | $79K | $23K | $55K | |
| Payroll taxesLn 10 | $38K | $11K | $27K | |
| Management feesLn 11a | $25K | $25K | ||
| Accounting feesLn 11c | $89K | $18K | $71K | |
| Other fees for servicesLn 11g | $54K | $54K | $650 | |
| Advertising and promotionLn 12 | $288 | $99 | $189 | |
| Office expensesLn 13 | $20K | $683 | $18K | $1K |
| TravelLn 17 | $2K | $475 | $1K | $77 |
| InterestLn 20 | $122K | $115K | $7K | |
| Depreciation, depletion and amortizationLn 22 | $150K | $148K | $1K | |
| InsuranceLn 23 | $53K | $53K | ||
| Other expenses (24a–d)Ln 24 | $374K | $363K | $10K | $2K |
| All other expensesLn 24e | $101K | $100K | $390 | |
| Total functional expensesLn 25 | $1.6M | $1.2M | $358K | $12K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $5.0M | $2.9M | $2.0M | $8.3M | 990 PDF |
| FY2023 | $4.2M | $2.4M | $1.8M | $6.3M | 990 PDF |
| FY2022 | $2.1M | $2.4M | −$289K | $3.2M | 990 PDF |
| FY2021 | $2.0M | $2.1M | −$139K | $3.5M | 990 PDF |
| FY2020 | $1.8M | $1.9M | −$118K | $3.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $2,528,262 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, no flags
Part VIII · Statement of revenue $2,528,262 across 8 lines filed
Part IX · Statement of functional expenses $1,606,913 across 14 lines filed
Part X · Balance sheet $40,188,722 assets, 14 lines filed
Part XI · Reconciliation of net assets $9,257,786 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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