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Valley Housing Development Corporation Incorporated

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.

Category: Housing, Shelter / Housing Support Services -- Other (NTEE)

Donations to this organization are tax deductible.

Details

An independent audit commissioned by this organization for the fiscal year ending Dec. 2023 identified:

Going concern flag
Audit identified substantial doubt about this organization’s ability to meet its financial obligations and continue operating for the foreseeable future.

Summary charts: organization finances over time

Revenue
$215k (2023)

Expenses
$342k (2023)

Total Assets
$3.44M (2023)

Total Liabilities
$3.04M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$215,441
Expenses
$341,524
Net Income
-$126,083
Net Assets
$400,505
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $214,436
99.5%
Investment Income $1,005
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $54,790
16.0%
Assets/Debt
Total Assets $3,437,426
Total Liabilities $3,036,921
Net Assets $400,505
Compensation
Key Employees and Officers Compensation Related Other
Betty Lichtenstein (President/Director) $0 $0 $0
Dolores Scott (Treasurer/Asst. Clerk) $0 $0 $0
Sylvia Galvan (Director) $0 $0 $0
Mary Birks (Director) $0 $0 $0
Theresa Cooper Gordan (Director) $0 $0 $0
Diosdado Lopez (Director) $0 $0 $0
Elaine Vega (Director) $0 $0 $0
Miguel Arce (Director) $0 $0 $0
Carol Walker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$223,568
Expenses
$324,420
Net Income
-$100,852
Net Assets
$526,588
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $223,427
99.9%
Investment Income $141
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $48,608
15.0%
Assets/Debt
Total Assets $3,550,797
Total Liabilities $3,024,209
Net Assets $526,588
Compensation
Key Employees and Officers Compensation Related Other
Betty Lichtenstein (President/Director) $0 $0 $0
Dolores Scott (Treasurer/Asst. Clerk) $0 $0 $0
Sylvia Galvan (Director) $0 $0 $0
Mary Birks (Director) $0 $0 $0
Theresa Cooper Gordan (Director) $0 $0 $0
Diosdado Lopez (Director) $0 $0 $0
Elaine Vega (Director) $0 $0 $0
Miguel Arce (Director) $0 $0 $0
Carol Walker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$187,902
Expenses
$303,545
Net Income
-$115,643
Net Assets
$627,440
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $186,921
99.5%
Investment Income $981
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $37,743
12.4%
Assets/Debt
Total Assets $3,634,413
Total Liabilities $3,006,973
Net Assets $627,440
Compensation
Key Employees and Officers Compensation Related Other
Betty Lichtenstein (President/Director) $0 $0 $0
Dolores Scott (Treasurer/Asst. Clerk) $0 $0 $0
Sylvia Galvan (Director) $0 $0 $0
Mary Birks (Director) $0 $0 $0
Theresa Cooper Gordan (Director) $0 $0 $0
Diosdado Lopez (Director) $0 $0 $0
Elaine Vega (Director) $0 $0 $0
Miguel Arce (Director) $0 $0 $0
Carol Walker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$155,019
Expenses
$190,180
Net Income
-$35,161
Net Assets
$743,083
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $152,052
98.1%
Investment Income $2,967
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $38,394
20.2%
Assets/Debt
Total Assets $4,437,112
Total Liabilities $3,694,029
Net Assets $743,083
Compensation
Key Employees and Officers Compensation Related Other
Betty Lichtenstein (President/Director) $0 $0 $0
Dolores Scott (Treasurer/Asst. Clerk) $0 $0 $0
Sylvia Galvan (Director) $0 $0 $0
Mary Birks (Director) $0 $0 $0
Theresa Cooper Gordan (Director) $0 $0 $0
Diosdado Lopez (Director) $0 $0 $0
Elaine Vega (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$213,544
Expenses
$211,480
Net Income
$2,064
Net Assets
$778,244
Notable Sources of Revenue Percent of Total Revenue
Contributions $31,000
14.5%
Program Services $180,551
84.5%
Investment Income $1,993
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $42,048
19.9%
Assets/Debt
Total Assets $2,109,011
Total Liabilities $1,330,767
Net Assets $778,244
Compensation
Key Employees and Officers Compensation Related Other
Betty Lichtenstein (President/Director) $0 $0 $0
Dolores Scott (Treasurer/Asst. Clerk) $0 $0 $0
Sylvia Galvan (Director) $0 $0 $0
Mary Birks (Director) $0 $0 $0
Theresa Cooper Gordan (Director) $0 $0 $0
Diosdado Lopez (Director) $0 $0 $0
Elaine Vega (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$275,809
Expenses
$184,319
Net Income
$91,490
Net Assets
$776,180
Notable Sources of Revenue Percent of Total Revenue
Contributions $75,000
27.2%
Program Services $200,343
72.6%
Investment Income $466
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $30,635
16.6%
Assets/Debt
Total Assets $1,046,868
Total Liabilities $270,688
Net Assets $776,180
Compensation
Key Employees and Officers Compensation Related Other
Betty Lichtenstein (President/Director) $0 $0 $0
Dolores Scott (Treasurer/Asst. Clerk) $0 $0 $0
Sylvia Galvan (Director) $0 $0 $0
Mary Birks (Director) $0 $0 $0
Theresa Cooper Gordan (Director) $0 $0 $0
Diosdado Lopez (Director) $0 $0 $0
Elaine Vega (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$198,644
Expenses
$199,532
Net Income
-$888
Net Assets
$684,690
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $198,257
99.8%
Investment Income $387
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $33,550
16.8%
Assets/Debt
Total Assets $848,015
Total Liabilities $163,325
Net Assets $684,690
Compensation
Key Employees and Officers Compensation Related Other
Betty Lichtenstein (President/Director) $0 $0 $0
Dolores Scott (Treasurer/Asst. Clerk) $0 $0 $0
Sylvia Galvan (Director) $0 $0 $0
Mary Birks (Director) $0 $0 $0
Theresa Cooper Gordan (Director) $0 $0 $0
Diosdado Lopez (Director) $0 $0 $0
Elaine Vega (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$194,384
Expenses
$203,078
Net Income
-$8,694
Net Assets
$685,578
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $194,026
99.8%
Investment Income $358
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $31,466
15.5%
Assets/Debt
Total Assets $732,048
Total Liabilities $46,470
Net Assets $685,578
Compensation
Key Employees and Officers Compensation Related Other
Betty Lichtenstein (President/Director) $0 $0 $0
Dolores Scott (Treasurer/Asst. Clerk) $0 $0 $0
Sylvia Galvan (Director) $0 $0 $0
Miguel Arce (Director) $0 $0 $0
Theresa Cooper Gordan (Director) $0 $0 $0
Diosdado Lopez (Director) $0 $0 $0
Elaine Vega (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$189,516
Expenses
$190,544
Net Income
-$1,028
Net Assets
$694,272
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $189,169
99.8%
Investment Income $347
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $28,165
14.8%
Assets/Debt
Total Assets $727,627
Total Liabilities $33,355
Net Assets $694,272
Compensation
Key Employees and Officers Compensation Related Other
Betty Lichtenstein (President/Director) $0 $0 $0
Dolores Scott (Treasurer/Asst. Clerk) $0 $0 $0
Sylvia Galvan (Director) $0 $0 $0
Miguel Arce (Director) $0 $0 $0
Theresa Cooper Gordan (Director) $0 $0 $0
Diosdado Lopez (Director) $0 $0 $0
Elaine Vega (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$184,852
Expenses
$179,839
Net Income
$5,013
Net Assets
$695,300
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $184,467
99.8%
Investment Income $385
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $25,029
13.9%
Assets/Debt
Total Assets $732,783
Total Liabilities $37,483
Net Assets $695,300
Compensation
Key Employees and Officers Compensation Related Other
Betty Lichtenstein (President/Director) $0 $0 $0
Carol Walker (Clerk/Direcor) $0 $0 $0
Dolores Scott (Treasurer/Asst. Clerk) $0 $0 $0
Miguel Arce (Director) $0 $0 $0
Theresa Cooper Gordan (Director) $0 $0 $0
Diosdado Lopez (Director) $0 $0 $0
Elaine Vega (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$176,730
Expenses
$201,756
Net Income
-$25,026
Net Assets
$690,287
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $176,340
99.8%
Investment Income $390
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $30,203
15.0%
Assets/Debt
Total Assets $738,674
Total Liabilities $48,387
Net Assets $690,287
Compensation
Key Employees and Officers Compensation Related Other
Betty Lichtenstein (President/Director) $0 $0 $0
Carol Walker (Clerk/Direcor) $0 $0 $0
Dolores Scott (Treasurer/Asst. Clerk) $0 $0 $0
Miguel Arce (Director) $0 $0 $0
Theresa Cooper Gordan (Director) $0 $0 $0
Diosdado Lopez (Director) $0 $0 $0
Elaine Vega (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$170,510
Expenses
$184,356
Net Income
-$13,846
Net Assets
$715,313
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $170,089
99.8%
Investment Income $421
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $23,656
12.8%
Assets/Debt
Total Assets $772,299
Total Liabilities $56,986
Net Assets $715,313

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$174,486
Expenses
$162,340
Net Income
$12,146
Net Assets
$331,836
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,228
14.5%
Program Services $148,776
85.3%
Investment Income $482
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $23,092
14.2%
Assets/Debt
Total Assets $780,278
Total Liabilities $448,442
Net Assets $331,836

Document Links

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

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

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

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

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

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

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

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

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

Fiscal Year Ending Dec.
2001

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

About 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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