Valverde INC FY2022 filing

Tax-deductible

Culver City, CA501(c)(3)Since 1983Human ServicesEIN 95-3882838Revenue $206K in FY2022

On file with the IRS5350 Machado Ln, 90230-8800 · Culver City, CATax-exempt since Mar 1984Publicly supported — 509(a)(2)

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Providing a group home for the developmentally disabled population.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$10K 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

FY2022 · 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
0 of 5
filings with a surplus
Average deficit $65K a year · 29% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
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
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$942K
385% of total assets
Concern: liabilities are 385% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$206K
-10% vs prior year
Spent
$287K
To programs
97%
Net assets
−$697K
By yearFY2020–FY2024
Revenue
$206K
FY2022▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$232K
FY2021$229K
FY2022$206K
FY2023$205K
FY2024$235K
FY2024$225K
Expenses
$287K
FY2022▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$288K
FY2021$294K
FY2022$287K
FY2023$275K
FY2024$284K
FY2024$307K
Net assets
−$697K
FY2022▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020−$550K
FY2021−$616K
FY2022−$697K
FY2023−$768K
FY2024−$817K
FY2024−$899K

From the FY2022 Form 990 (year ending June 2022) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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 1984.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $279K Management & general 3% · $9K

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

8 people listed on the 990; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
CFO (left 7/21)
$5,711Pt VII · Sec A
CFO (start 7/21)
$4,422Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board 1st Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
President/CEO
$0Pt VII · Sec A
Board 2nd Vice Chair
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A

Denise L Orme’s $6K as CFO (left 7/21) is at the 2nd percentile of top reported officer pay among 2168 $100K–1M human services 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

NameFY2022FY2021FY2020
Denise L Orme$5,711$8,553$8,214
Sonhui Robilotta$4,422——

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

Offers a group home for adults with developmental disabilities.

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Provided by the organization

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1 program · $279K · in their own filed words · FY2021
01

Group home for the developmentally disabled population. The building contains 13 units located in reseda, california. Programs are regulated by department of housing and urban development (hud) as to rent charged and operating methods. Programs are designed to teach independent living skills.

$279Kprogram expense

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 · FY2023
Total grants receivedfrom 1 funder$13K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$206K
Ln 12
Gifts and grantsLn 1h$150K
Fees for servicesLn 2g$56K
Investment incomeLn 3$11
Money outPt IX
$287K
Ln 25
Programscol B$279K
Managementcol C$9K
Owns and owesPt X
−$697K
net assets · Ln 32
Cash and savingsLn 1–2$950
Total assetsLn 16$245K
LiabilitiesLn 26$942K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$150K
Government grantsLn 1e$150K
Fees for servicesLn 2g$56K
Investment incomeLn 3$11
Total revenueLn 12$206K
Assets in detailPt X, end of year
CashLn 1$950
Cash and savings togetherLn 1–2$950
Land, buildings, equipmentLn 10c$186K
Other assetsLn 15$56K
Total assetsLn 16$245K
LiabilitiesLn 26$942K
Net assetsLn 32−$697K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$64K$950
Land, buildings, equipmentLn 10c$189K$186K
Total assetsLn 16$287K$245K
LiabilitiesLn 26$902K$942K
Net assetsLn 32−$616K−$697K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$131K$131K
Other employee benefitsLn 9$11K$11K
Payroll taxesLn 10$9K$9K
Accounting feesLn 11c$9K$9K
Office expensesLn 13$2K$2K
OccupancyLn 16$73K$73K
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$287K$279K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $235K$284K−$49K−$817K 990 PDF
FY2023 $205K$275K−$71K−$768K 990 PDF
FY2022 Viewing $206K$287K−$81K−$697K 990 PDF
FY2021 $229K$294K−$65K−$616K 990 PDF
FY2020 $232K$288K−$57K−$550K 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 FY2022 990 (6 parts)
Part I · Summary $205,732 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $177,664$150,164
I-9 Program service revenuePrior year $51,005$55,557
I-10 Investment incomePrior year $21$11
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $228,690$205,732
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 $145,037$150,526
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $149,075$136,696
I-18 Total expensesPrior year $294,112$287,222
I-19 Revenue less expensesPrior year −$65,422−$81,490
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $205,732 across 5 lines filed
VIII-1e Government grants$150,164
VIII-1h Total contributions, gifts and grants$150,164
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,557$55,557
VIII-3 Investment incomeExcluded from tax $11$11
VIII-12 Total revenueRelated to mission $55,557 · Unrelated business $0 · Excluded from tax $11$205,732
Part IX · Statement of functional expenses $287,222 across 10 lines filed
IX-7 Other salaries and wagesPrograms $130,657$130,657
IX-9 Other employee benefitsPrograms $10,615$10,615
IX-10 Payroll taxesPrograms $9,254$9,254
IX-11c Accounting feesManagement $8,517$8,517
IX-13 Office expensesPrograms $2,000$2,000
IX-16 OccupancyPrograms $73,236$73,236
IX-20 InterestPrograms $18,455$18,455
IX-22 Depreciation, depletion and amortizationPrograms $16,544$16,544
IX-23 InsurancePrograms $4,112$4,112
IX-24 Other expenses (24a–d)Programs $13,832$13,832
IX-25 Total functional expensesPrograms $278,705 · Management $8,517 · Fundraising $0$287,222
Part X · Balance sheet $245,025 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $63,606$950
X-4 Accounts receivableStart of year $1,639$1,639
X-10c Land, buildings and equipment, netStart of year $189,244$186,369
X-15 Other assetsStart of year $32,291$56,067
X-16 Total assetsStart of year $286,780$245,025
X-17 Accounts payable and accrued expensesStart of year $65,245$20,375
X-25 Other liabilitiesStart of year $621,671$741,835
X-26 Total liabilitiesStart of year $902,458$942,193
X-27 Net assets without donor restrictionsStart of year −$615,678−$697,168
X-32 Total net assets or fund balancesStart of year −$615,678−$697,168
X-33 Total liabilities and net assetsStart of year $286,780$245,025
Part XI · Reconciliation of net assets −$697,168 net assets at year end
XI-1 Total revenue$205,732
XI-2 Total expenses$287,222
XI-3 Revenue less expenses−$81,490
XI-4 Net assets at start of year−$615,678
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$697,168

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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