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Valley Apartments Inc

  • Algona, IA
  • Tax-exempt since Nov. 1993
  • EIN: 42-1367798

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$57.4k (2024)

Expenses
$56.9k (2024)

Total Assets
$245k (2024)

Total Liabilities
$234k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$57,406
Expenses
$56,864
Net Income
$542
Net Assets
$10,352
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $55,757
97.1%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,649
2.9%
Assets/Debt
Total Assets $244,660
Total Liabilities $234,308
Net Assets $10,352
Compensation
Key Employees and Officers Compensation Other
Darrel Iverson (President) $0 $0
Richard Pope (Vice President) $0 $0
Kay Ping (Secretary/Treasurer) $0 $0

Document Links

990-EZ
Filed on April 28, 2025

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$59,600
Expenses
$57,804
Net Income
$1,796
Net Assets
$9,810
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $58,603
98.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $997
1.7%
Assets/Debt
Total Assets $253,339
Total Liabilities $243,529
Net Assets $9,810
Compensation
Key Employees and Officers Compensation Other
Darrel Iverson (President) $0 $0
Richard Pope (Vice President) $0 $0
Kay Ping (Secretary/Treasurer) $0 $0

Document Links

990-EZ
Filed on May 1, 2024

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$96,285
Expenses
$53,057
Net Income
$43,228
Net Assets
$8,014
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $59,007
61.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $37,278
38.7%
Assets/Debt
Total Assets $259,508
Total Liabilities $251,494
Net Assets $8,014
Compensation
Key Employees and Officers Compensation Other
Darrel Iverson (President) $0 $0
Marjorie Keating (Vice President) $0 $0
Kay Ping (Secretary/Treasurer) $0 $0

Document Links

990-EZ
Filed on June 16, 2023

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$57,798
Expenses
$49,249
Net Income
$8,549
Net Assets
-$35,214
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $56,009
96.9%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,789
3.1%
Assets/Debt
Total Assets $223,394
Total Liabilities $258,608
Net Assets -$35,214
Compensation
Key Employees and Officers Compensation Other
Darrel Iverson (President) $0 $0
Marjorie Keating (Vice President) $0 $0
Kay Ping (Secretary/Treasurer) $0 $0

Document Links

990-EZ
Filed on May 6, 2022

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$57,016
Expenses
$50,450
Net Income
$6,566
Net Assets
-$43,763
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $56,237
98.6%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $779
1.4%
Assets/Debt
Total Assets $222,405
Total Liabilities $266,168
Net Assets -$43,763
Compensation
Key Employees and Officers Compensation Other
Darrel Iverson (President) $0 $0
Marjorie Keating (Vice President) $0 $0
Kay Ping (Secretary/Treasurer) $0 $0

Document Links

990-EZ
Filed on July 8, 2021

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$54,948
Expenses
$47,832
Net Income
$7,116
Net Assets
-$50,329
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $53,588
97.5%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,360
2.5%
Assets/Debt
Total Assets $222,000
Total Liabilities $272,329
Net Assets -$50,329

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$52,624
Expenses
$46,096
Net Income
$6,528
Net Assets
-$57,445
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $51,741
98.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $858
1.6%
Assets/Debt
Total Assets $220,819
Total Liabilities $278,264
Net Assets -$57,445

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$53,681
Expenses
$49,085
Net Income
$4,596
Net Assets
-$63,973
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $52,524
97.8%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,157
2.2%
Assets/Debt
Total Assets $220,181
Total Liabilities $284,154
Net Assets -$63,973

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$50,825
Expenses
$48,981
Net Income
$1,844
Net Assets
-$68,569
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $49,466
97.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,354
2.7%
Assets/Debt
Total Assets $220,432
Total Liabilities $289,001
Net Assets -$68,569

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$45,229
Expenses
$47,804
Net Income
-$2,575
Net Assets
-$70,413
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $43,642
96.5%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,512
3.3%
Assets/Debt
Total Assets $223,229
Total Liabilities $293,642
Net Assets -$70,413

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$51,347
Expenses
$49,531
Net Income
$1,816
Net Assets
-$67,838
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $50,048
97.5%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $909
1.8%
Assets/Debt
Total Assets $230,056
Total Liabilities $297,894
Net Assets -$67,838

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$40,198
Expenses
$44,614
Net Income
-$4,416
Net Assets
-$69,654
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $39,439
98.1%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $759
1.9%
Assets/Debt
Total Assets $232,035
Total Liabilities $301,689
Net Assets -$69,654

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$43,249
Expenses
$46,768
Net Income
-$3,519
Net Assets
-$65,238
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $42,233
97.7%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,016
2.3%
Assets/Debt
Total Assets $239,846
Total Liabilities $305,084
Net Assets -$65,238

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$41,855
Expenses
$47,262
Net Income
-$5,407
Net Assets
-$61,719
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $40,961
97.9%
Investment Income $28
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $866
2.1%
Assets/Debt
Total Assets $247,510
Total Liabilities $309,229
Net Assets -$61,719

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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The data powering this website is available programmatically, via an API. Read the API documentation »

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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