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Valley Housing Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 272032108 ✦ Gunnison, CO ✦ Designated as a 501(c)(3)

Overview

What is Valley Housing Fund?

Valley Housing Fund is a nonprofit organization situated in Gunnison, Colorado. Their primary mission involves constructing and promoting affordable and workforce housing developments within the community. In 2022, they built three single-family rentals for workers and contributed financially to the creation of additional affordable housing units. The organization also supports Habitat for Humanity of Gunnison County by providing funds for low-income homes. Working collaboratively, Valley Housing Fund contributes to the strengthening of the Gunnison Valley community by creating and supporting accessible housing opportunities.


Official website here: www.vhfund.org

Is Valley Housing Fund legitimate?

Valley Housing Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Housing Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $54,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.vhfund.org

What is the mission statement of Valley Housing Fund?

The Valley Housing Fund works collaboratively to create and support affordable and accessible housing opportunities, aiming to strengthen the community. Their mission is achieved through various activities, such as constructing workforce housing developments and providing outreach and education to the community regarding housing. In 2022, they constructed three single-family workforce rental units and donated funds to Habitat for Humanity and other organizations to build new low-income homes and contribute to affordable housing units.


Official website here: www.vhfund.org

Who is the CEO of Valley Housing Fund?

Scott Desmarais is the President of Valley Housing Fund.


Official website here: www.vhfund.org

What is the revenue of Valley Housing Fund?

Valley Housing Fund's revenue in 2022 was $542,521.


Official website here: www.vhfund.org

Who are the executives of Valley Housing Fund and what are their salaries?

The average compensation at Valley Housing Fund during 2022 was $54,167. There are 1 employees and 18 volunteers at Valley Housing Fund.

Here are 9 key members and their salaries:

    Lauren Koelliker (Director)
  • Compensation: $54,167
  • Related: $0
  • Other: $0

    • Scott Desmarais (President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Starr (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Kerns (Treasurer/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelly Mckinnis (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alec Lindeman (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Schmidt (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Butch Clark (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Gelwicks (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.vhfund.org

    Where can I find the form 990 for Valley Housing Fund?

    The Valley Housing Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.vhfund.org

    Learn more at the official website: www.vhfund.org

    Mission Statement of Valley Housing Fund

    Valley Housing Fund, a collaborative organization, is dedicated to enhancing the community of Gunnison Valley by creating and supporting affordable and accessible housing opportunities. Their mission is twofold: firstly, they aim to construct and facilitate the development of affordable housing options, and secondly, they engage in outreach and education within the community regarding housing-related matters.

    In practice, Valley Housing Fund has demonstrated their commitment to this mission by actively participating in several projects. In the year 2022 alone, they constructed three single-family workforce rental units. Additionally, they extended their support to Habitat for Humanity of Gunnison County, donating a substantial sum of $200,000 to fund the construction of new low-income homes. Furthermore, Valley Housing Fund also contributed $139,000 towards the creation of 44 deed-restricted affordable housing units. These initiatives reflect their unwavering dedication to providing affordable housing options and strengthening their community.

    Impact

    This information is meant to be a general summary of Valley Housing Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Valley Housing Fund's impact includes constructing affordable and workforce housing developments, donating to organizations like Habitat for Humanity of Gunnison County to fund low-income homes, and contributing to the creation of new deed-restricted affordable housing units. These efforts aim to strengthen the Gunnison Valley community by increasing access to affordable housing options.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $38,222
  • Program Service Revenue: $13,033
  • Gross Receipts: $553,291

    • Assets and Liabilities:
  • Total Assets: $3,520,333
  • Total Liabilities: $24,646
  • Net Assets: $3,495,687
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    AFFORDABLE HOUSING RENTAL INCOME

    Revenue

    $13,033

    Organization Details

    Founding Year

    2010

    Principal Officer

    Scott Desmarais

    Main Address

    PO BOX 1742, GUNNISON, CO, 81230

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Valley Housing Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.