Valhalla INC FY2021 filing

Edinburg, TX · Mutual-benefit / member-serving · Recreation & Sports

! Not tax-deductible
Revenue
$100K
+8% vs prior year
Net assets
$289K
By yearFY2020–FY2024
Revenue
$100K
FY2021▲ +8%
Revenue by fiscal year
FY2020$93K
FY2021$100K
FY2022$110K
FY2023$104K
FY2024$156K
Net assets
$289K
FY2021▼ -59%
Net assets by fiscal year
FY2020$714K
FY2021$289K
FY2022$294K
FY2023$280K
FY2024$314K

From the FY2021 Form 990 · see the original

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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CValhalla INC
EINHdr · item D74-2742534
Exempt statusHdr · item I501(c)(7) · active
Ruling yearIRS BMFMar 2024
Latest filingForm 990FY2024 · Form 990-EZ
Principal addressHdr · item CEdinburg, TX
NTEE classificationIRS BMFRecreation & Sports (N50)

Financial health

Is it on solid ground?

Surplus margin
-13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990-EZ
Revenue less expensesPt I · Ln 19—
Total assetsPt X · Ln 16—
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16—
Total liabilitiesLn 26$97K
Total net assetsLn 32$289K

Statement of Revenue

Part VIII
Other revenue100%$100K
Total revenueLn 12$100K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $40K · Operating expenses/yr $112K
4.3 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $100K
—
Government reliance
not reported
Earned-income share
Program service revenue $100K · Total revenue $100K
100%
Investment reliance
Investment income — · Total revenue $100K
—
Program self-sufficiency
Program service revenue $100K · Total expenses $112K
89%
Growth & trend
Revenue growth (YoY)
This year $100K · Prior year $93K
+8%
Net-asset trend (YoY)
End of year $289K · Beginning of year $714K
-59%
Balance sheet
Surplus Margin
Revenue $100K · Expenses $112K
-13%
Liabilities-to-Assets
Total liabilities $97K · Total assets $387K
25%
Net-asset ratio
Net assets $289K · Total assets $387K
75%
People & payroll
Highest Reported Total Compensation
Individual Glenn Holden · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $112K
0%
Personnel share
Salaries & benefits $22K · Total expenses $112K
20%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 8%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Board Member
$0Pt 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.

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Governance & Policies

Part VI
  • –Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNot reported
  • Whistleblower policyPt VI · Ln 13Not reported
  • Document retention policyPt VI · Ln 14Not reported
  • Top official’s pay independently reviewedPt VI · Ln 15aNot reported
  • Family or business ties among leadersPt VI · Ln 2Not reported

Mission and programs

What it does.

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

Provided by the organization

This section is blank until Valhalla INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $84K of program spending, described in the organization's own filed words · FY2020.
01

Maintainance of property

$84Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $156K—+50% 990 PDF
FY2023 $104K—-5% 990 PDF
FY2022 $110K—+10% 990 PDF
FY2021 Viewing $100K—+8% 990 PDF
FY2020 $93K$84K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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