Valhalla INC FY2020 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

This Corporation is organized exclusively for ownership and operation of the common elements at Valhalla Mobile Park

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-2742534) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
$16K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$16K
to officers and key staff · 19% of spending
Pay to officers and key staff is 19% of spending.
Part VII, Section A
0.5 mo
of spending, in cash
0.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$93K
Spent
$84K
To programs
0%
Net assets
$714K
By yearFY2020–FY2024
Revenue
$93K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$93K
FY2021$100K
FY2022$110K
FY2023$104K
FY2024$156K
Net assets
$714K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$714K
FY2021$289K
FY2022$294K
FY2023$280K
FY2024$314K

From the FY2020 Form 990 · see the original

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 Mar 2024.

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

Who runs it and what they're paid

10 people listed on the 990; $16K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$9,000Pt VII · Sec A
Assis Park Manager
$4,024Pt VII · Sec A
$3,000Pt VII · Sec A
Sec Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Randy Ernst’s $15K as Board Member is at the 31st percentile of top reported officer pay among 1017 $100K–1M recreation & sports 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

NameFY2023FY2022FY2020
Randy Ernst$15,000$15,000—
George Van Wagner——$9,000
Ralph Lowery——$4,024
Sue Van Wagner——$3,000

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 Valhalla INC 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

Operates and maintains common areas for residents of Valhalla Mobile Park.

Questions for Valhalla INC

Tap to ask. Valhalla INC sees how many people are interested.

Your first name shows with your question. Valhalla INC answers here, for everyone.

1 program · $84K · in their own filed words · FY2020
01

Maintainance of property

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-2742534) · Dispute this line
$84Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$93K
Ln 12
Gifts and grantsLn 1h$93K
Money outPt IX
$84K
Ln 25
Owns and owesPt X
$714K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$714K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$93K
Total revenueLn 12$93K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Land, buildings, equipmentLn 10c$710K
Total assetsLn 16$714K
LiabilitiesLn 26$0
Net assetsLn 32$714K
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$942$4K
Land, buildings, equipmentLn 10c$710K$710K
Total assetsLn 16$711K$714K
LiabilitiesLn 26$0$0
Net assetsLn 32$711K$714K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$16K
Legal feesLn 11b$604
Office expensesLn 13$2K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$62K
Total functional expensesLn 25$84K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 15, 2025 $156K$314K 990 PDF
FY2023Filed with the IRS May 9, 2024 $104K$280K 990 PDF
FY2022Filed with the IRS Jan 29, 2024 $110K$294K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $100K$289K 990 PDF
FY2020 ViewingFiled with the IRS Oct 27, 2021 $93K$84K$9K$714K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $92,811 revenue, 12 lines filed
I-8 Contributions and grants$92,811
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$92,811
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$16,024
I-16a Professional fundraising fees$0
I-17 Other expenses$67,858
I-18 Total expenses$83,882
I-19 Revenue less expenses$8,929
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $92,811 across 4 lines filed
VIII-1b Membership dues$92,811
VIII-1h Total contributions, gifts and grants$92,811
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$92,811
Part IX · Statement of functional expenses $83,882 across 5 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$16,024
IX-11b Legal fees$604
IX-13 Office expenses$2,231
IX-23 Insurance$2,696
IX-24 Other expenses (24a–d)$62,327
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$83,882
Part X · Balance sheet $713,892 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $942$3,774
X-10c Land, buildings and equipment, netStart of year $710,118$710,118
X-16 Total assetsStart of year $711,060$713,892
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $711,060$713,892
X-32 Total net assets or fund balancesStart of year $711,060$713,892
X-33 Total liabilities and net assetsStart of year $711,060$713,892
Part XI · Reconciliation of net assets $713,892 net assets at year end
XI-1 Total revenue$92,811
XI-2 Total expenses$83,882
XI-3 Revenue less expenses$8,929
XI-4 Net assets at start of year$711,060
XI-10 Net assets at end of year$713,892

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

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.