Valverde INC FY2023 filing

Tax-deductible

Culver City, CA501(c)(3)Since 1983Human ServicesEIN 95-3882838

Providing a group home for the developmentally disabled population.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
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
$1.0M
424% of total assets
Concern: liabilities are 424% 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
$205K
-0.5% vs prior year
Spent
$275K
To programs
98%
Net assets
−$768K
By yearFY2020–FY2024
Revenue
$205K
FY2023▼ -0.5%
Revenue by fiscal year
FY2020$232K
FY2021$229K
FY2022$206K
FY2023$205K
FY2024$235K
FY2024$225K
Expenses
$275K
FY2023▼ -4%
Expenses by fiscal year
FY2020$288K
FY2021$294K
FY2022$287K
FY2023$275K
FY2024$284K
FY2024$307K
Net assets
−$768K
FY2023▼ -10%
Net assets by fiscal year
FY2020−$550K
FY2021−$616K
FY2022−$697K
FY2023−$768K
FY2024−$817K
FY2024−$899K

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 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

98 cents of each dollar spent went to programs.

Program services 98% · $269K Management & general 2% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
Second Vice Chairperson
$0Pt VII · Sec A
President/CEO
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
CEO Emeritus
$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.

See Valverde INC executive salaries →

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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 15aNo

Programs and updates

Offers a group home for adults with developmental disabilities.

Provided by the organization

This section is blank until Valverde INC claims this page.

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1 program service account for $269K of program spending, described in the organization's own filed words · FY2022.
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.

$269Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$13K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$205K
Ln 12
Gifts and grantsLn 1h$162K
Fees for servicesLn 2g$43K
Investment incomeLn 3$4
Money outPt IX
$275K
Ln 25
Programscol B$269K
Managementcol C$7K
Owns and owesPt X
−$768K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$237K
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$162K
Government grantsLn 1e$162K
Fees for servicesLn 2g$43K
Investment incomeLn 3$4
Total revenueLn 12$205K
Assets in detailPt X, end of year
CashLn 1$13K
Cash and savings togetherLn 1–2$13K
Land, buildings, equipmentLn 10c$208K
Other assetsLn 15$15K
Total assetsLn 16$237K
LiabilitiesLn 26$1.0M
Net assetsLn 32−$768K
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 FY23End FY23
Cash and savingsLn 1–2$950$13K
Land, buildings, equipmentLn 10c$186K$208K
Total assetsLn 16$245K$237K
LiabilitiesLn 26$942K$1.0M
Net assetsLn 32−$697K−$768K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$13K$13K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$151K$151K
Office expensesLn 13$300$300
OccupancyLn 16$86K$86K
Depreciation, depletion and amortizationLn 22$17K$17K
Other expenses (24a–d)Ln 24$156$156
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$275K$269K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $235K$284K−$49K−$817K 990 PDF
FY2023 Viewing $205K$275K−$71K−$768K 990 PDF
FY2022 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $204,608 across 5 lines filed
VIII-1e Government grants$161,933
VIII-1h Total contributions, gifts and grants$161,933
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $42,671$42,671
VIII-3 Investment incomeExcluded from tax $4$4
VIII-12 Total revenueRelated to mission $42,671 · Unrelated business $0 · Excluded from tax $4$204,608
Part IX · Statement of functional expenses $275,217 across 8 lines filed
IX-11a Management feesPrograms $12,876$12,876
IX-11c Accounting feesManagement $6,600$6,600
IX-11g Other fees for servicesPrograms $151,413$151,413
IX-13 Office expensesPrograms $300$300
IX-16 OccupancyPrograms $85,617$85,617
IX-22 Depreciation, depletion and amortizationPrograms $16,942$16,942
IX-24 Other expenses (24a–d)Programs $156$156
IX-24e All other expensesPrograms $1,313$1,313
IX-25 Total functional expensesPrograms $268,617 · Management $6,600 · Fundraising $0$275,217
Part X · Balance sheet $237,331 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $950$13,428
X-4 Accounts receivableStart of year $1,639$1,639
X-10c Land, buildings and equipment, netStart of year $186,369$207,573
X-15 Other assetsStart of year $56,067$14,691
X-16 Total assetsStart of year $245,025$237,331
X-17 Accounts payable and accrued expensesStart of year $20,375$15,097
X-25 Other liabilitiesStart of year $741,835$849,021
X-26 Total liabilitiesStart of year $942,193$1,005,108
X-27 Net assets without donor restrictionsStart of year −$697,168−$767,777
X-32 Total net assets or fund balancesStart of year −$697,168−$767,777
X-33 Total liabilities and net assetsStart of year $245,025$237,331
Part XI · Reconciliation of net assets −$767,777 net assets at year end
XI-1 Total revenue$204,608
XI-2 Total expenses$275,217
XI-3 Revenue less expenses−$70,609
XI-4 Net assets at start of year−$697,168
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$767,777

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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