Valley Housing Development Corporation
Valley Housing Development Corporation: Strong Asset Growth, High Program Spending
EIN: 222838722 · Emmaus, PA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $16.6M |
| Total Expenses | $6.1M |
| Program Spending | 90% |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Is Valley Housing Development Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Valley Housing Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Valley Housing Development Corporation
Valley Housing Development Corporation (EIN: 222838722) is a nonprofit organization based in Emmaus, PA. The organization reported total revenue of $16.6M and total assets of $21.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Valley Housing Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Valley Housing Development Corporation is a large nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $6.1M |
| Surplus / Deficit | $-1,294,338 |
| Total Assets | $20.8M |
| Total Liabilities | $19.5M |
| Net Assets | $1.4M |
| Operating Margin | -26.7% |
| Debt-to-Asset Ratio | 93.4% |
| Months of Reserves | 40.7 months |
Financial Health Grade: C
In 2023, Valley Housing Development Corporation reported a deficit of $1.3M with expenses exceeding revenue, holds 40.7 months of operating reserves (strong position), has a debt-to-asset ratio of 93.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Valley Housing Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.5% | +100.3% | +51.5% |
| 2022 | +197.9% | +59.6% | +23.5% |
| 2021 | -15.1% | +10.9% | -1.4% |
| 2020 | -21.8% | -15.1% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Valley Housing Development Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Valley Housing Development Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 93.4%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and mission, with no red flags identified in available filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Valley Housing Development Corporation:
- Significant asset growth from $1.5M in 2018 to over $21.6M in 2023, indicating strong financial health and expansion.
- Consistently high percentage of expenses dedicated to programs, demonstrating a strong commitment to its mission.
- Positive net assets growth over the past five years, reflecting sound financial management.
Frequently Asked Questions about Valley Housing Development Corporation
Is Valley Housing Development Corporation a legitimate charity?
Valley Housing Development Corporation (EIN: 222838722) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $16.6M. No red flags identified. 3 strengths noted. Financial health grade: C.
How does Valley Housing Development Corporation spend its money?
Valley Housing Development Corporation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Valley Housing Development Corporation tax-deductible?
Valley Housing Development Corporation is registered as a tax-exempt nonprofit (EIN: 222838722). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Valley Housing Development Corporation's spending goes to programs?
Valley Housing Development Corporation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Valley Housing Development Corporation located?
Valley Housing Development Corporation is headquartered in Emmaus, Pennsylvania and files with the IRS under EIN 222838722.
How many years of IRS 990 filings does Valley Housing Development Corporation have?
Valley Housing Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $16.6M in total revenue.
What does Valley Housing Development Corporation do?
Valley Housing Development Corporation is a nonprofit organization in the Unknown sector, located in Emmaus, Pennsylvania. It is classified under NTEE code Unknown.
How much revenue does Valley Housing Development Corporation have?
Valley Housing Development Corporation reported total revenue of $16,580,482. Based on 13 IRS 990 filings on record.
What are Valley Housing Development Corporation's total assets?
Valley Housing Development Corporation holds total assets of $21,636,893 as reported in IRS 990 filings.
Where is Valley Housing Development Corporation located?
Valley Housing Development Corporation is based in Emmaus, Pennsylvania.
What is Valley Housing Development Corporation's EIN?
Valley Housing Development Corporation's Employer Identification Number (EIN) is 222838722. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Valley Housing Development Corporation?
Valley Housing Development Corporation is classified under NTEE code Unknown (Unknown).
Is Valley Housing Development Corporation a registered 501(c)(3)?
Valley Housing Development Corporation appears in IRS records (EIN: 222838722). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Valley Housing Development Corporation file IRS Form 990?
Yes, Valley Housing Development Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Valley Housing Development Corporation's revenue in 2023?
In the 202312 filing period, Valley Housing Development Corporation reported total revenue of $4,848,601, total expenses of $6,142,939, and net assets of $20,837,508.
Is Valley Housing Development Corporation's revenue growing or declining?
Valley Housing Development Corporation's revenue is declining. Revenue went from $5,132,183 (202212) to $4,848,601 (202312), a -5.5% change. Based on 13 filings on record.
What is Valley Housing Development Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Valley Housing Development Corporation covers tax period 202312. It shows revenue of $4,848,601, expenses of $6,142,939, total assets of $20,837,508, and liabilities of $19,463,512.
How much does Valley Housing Development Corporation spend on programs vs administration?
Based on IRS 990 analysis, Valley Housing Development Corporation allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Valley Housing Development Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Valley Housing Development Corporation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Valley Housing Development Corporation's strengths?
Positive indicators for Valley Housing Development Corporation include: Significant asset growth from $1.5M in 2018 to over $21.6M in 2023, indicating strong financial health and expansion.. Consistently high percentage of expenses dedicated to programs, demonstrating a strong commitment to its mission.. Positive net assets growth over the past five years, reflecting sound financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Valley Housing Development Corporation compensate executives?
Executive compensation appears reasonable given the organization's size and mission, with no red flags identified in available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Valley Housing Development Corporation managed to achieve such substantial asset growth, from $1.5 million in 2018 to $21.6 million in 2023, without reporting any contributions (c=0%) in its filings?
The significant asset growth, despite reported 0% contributions, suggests that the organization's revenue primarily comes from sources other than direct public donations, such as government grants, program service fees, or investment income, which are not explicitly detailed in the provided 'c' field but are reflected in the 'r' (revenue) figures.
Filing History
IRS 990 filing history for Valley Housing Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Valley Housing Development Corporation's revenue has grown by 176.9%, moving from $1.8M to $4.8M. Total assets increased by 129% over the same period, from $9.1M to $20.8M. Total functional expenses rose by 286.8%, from $1.6M to $6.1M. In its most recent filing year (2023), Valley Housing Development Corporation reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $19.5M in liabilities against $20.8M in assets (debt-to-asset ratio: 93.4%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $6.1M | $20.8M | $19.5M | — | — |
| 2022 | $5.1M | $3.1M | $13.8M | $6.1M | — | View 990 |
| 2021 | $1.7M | $1.9M | $11.1M | $2.2M | — | View 990 |
| 2020 | $2.0M | $1.7M | $11.3M | $2.1M | — | View 990 |
| 2019 | $2.6M | $2.0M | $11.3M | $1.6M | — | — |
| 2018 | $0 | $0 | $1.5M | $1.5M | — | View 990 |
| 2017 | $2.3M | $1.2M | $10.2M | $1.7M | — | — |
| 2016 | $2.0M | $2.1M | $9.3M | $2.0M | — | View 990 |
| 2015 | $4.3M | $3.2M | $9.7M | $2.1M | — | View 990 |
| 2014 | $2.6M | $2.4M | $9.4M | $2.6M | — | View 990 |
| 2013 | $1.5M | $969K | $9.4M | $2.3M | — | View 990 |
| 2012 | $1.6M | $2.1M | $9.9M | $3.5M | — | View 990 |
| 2011 | $1.8M | $1.6M | $9.1M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $6.1M, and assets of $20.8M (revenue -5.5% year-over-year).
- 2022: Revenue of $5.1M, expenses of $3.1M, and assets of $13.8M (revenue +197.9% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.9M, and assets of $11.1M (revenue -15.1% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.7M, and assets of $11.3M (revenue -21.8% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.0M, and assets of $11.3M.
- 2018: Revenue of $0, expenses of $0, and assets of $1.5M (revenue -100.0% year-over-year).
- 2017: Revenue of $2.3M, expenses of $1.2M, and assets of $10.2M (revenue +14.7% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.1M, and assets of $9.3M (revenue -53.2% year-over-year).
- 2015: Revenue of $4.3M, expenses of $3.2M, and assets of $9.7M (revenue +67.3% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.4M, and assets of $9.4M (revenue +70.3% year-over-year).
- 2013: Revenue of $1.5M, expenses of $969K, and assets of $9.4M (revenue -3.1% year-over-year).
- 2012: Revenue of $1.6M, expenses of $2.1M, and assets of $9.9M (revenue -10.1% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.6M, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Valley Housing Development Corporation:
Data Sources and Methodology
This transparency report for Valley Housing Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.