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Valley Development Initiatives

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Donations to this organization are not tax deductible.

Details

An independent audit commissioned by this organization for the fiscal year ending June 2024 identified:

Significant deficiency in internal controls
Audit identified a deficiency in internal financial or governance controls that could limit the organization's ability to track and report financial data reliably. The deficiency is less severe than a material weakness but warrants attention from management.

Summary charts: organization finances over time

Revenue
$320k (2023)

Expenses
$473k (2023)

Total Assets
$7.88M (2023)

Total Liabilities
$2.11M (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 June
2024

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$319,865
Expenses
$473,460
Net Income
-$153,595
Net Assets
$5,773,154
Notable Sources of Revenue Percent of Total Revenue
Contributions $188,229
58.8%
Program Services $128,350
40.1%
Investment Income $30
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,183
1.0%
Net Inventory Sales $0
Other Revenue $73
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,879,106
Total Liabilities $2,105,952
Net Assets $5,773,154
Compensation
Key Employees and Officers Compensation Related Other
Derik Munns (President) $0 $0 $0
Sam Brentano (Director) $0 $0 $0
Ray Teasley (Treasurer) $0 $0 $0
Truman Stone (Director) $0 $0 $0
Andy Bennett (Secretary) $0 $0 $0
Lesa Goff (Director) $0 $0 $0
Alex Rhoten (Vice President) $0 $0 $0
Kenna West (Director) $0 $0 $0
Natalie Mcrae Carmichael (Program Director) $0 $93,526 $33,456

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$191,112
Expenses
$361,742
Net Income
-$170,630
Net Assets
$5,958,232
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $190,269
99.6%
Investment Income $843
0.4%
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 $0
Assets/Debt
Total Assets $7,121,121
Total Liabilities $1,162,889
Net Assets $5,958,232
Compensation
Key Employees and Officers Compensation Related Other
Derik Munns (President) $0 $0 $0
Sam Brentano (Director) $0 $0 $0
Ray Teasley (Treasurer) $0 $0 $0
Truman Stone (Director) $0 $0 $0
Andy Bennett (Secretary) $0 $0 $0
Lesa Goff (Director) $0 $0 $0
Alex Rhoten (Vice President) $0 $0 $0
Kevin Joyce (President (Thru July 7, 2021)) $0 $0 $0
Nancie Rogers (Director (Thru July 12, 2021)) $0 $0 $0
Tom Pessimier (Secretary (Thru November 2021)) $0 $0 $0
Renata Chmielowski (Program Director) $0 $128,075 $33,201

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$336,935
Expenses
$375,436
Net Income
-$38,501
Net Assets
$5,869,813
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $332,580
98.7%
Investment Income $4,355
1.3%
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 $0
Assets/Debt
Total Assets $7,257,429
Total Liabilities $1,387,616
Net Assets $5,869,813
Compensation
Key Employees and Officers Compensation Related Other
Kevin Joyce (President) $0 $0 $0
Derik Munns (Vice President) $0 $0 $0
Sam Brentano (Director) $0 $0 $0
Nancie Rogers (Director) $0 $0 $0
Ray Teasley (Director) $0 $0 $0
Truman Stone (Director) $0 $0 $0
Tom Pessemier (Secretary) $0 $0 $0
Andy Bennett (Director) $0 $0 $0
Lesa Goff (Director) $0 $0 $0
Alex Rhoten (Director) $0 $0 $0
Renata Chmielowski (Program Director) $0 $150,371 $33,277

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$396,099
Expenses
$397,078
Net Income
-$979
Net Assets
$5,908,314
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $369,897
93.4%
Investment Income $12,391
3.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $13,811
3.5%
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 $0
Assets/Debt
Total Assets $7,338,440
Total Liabilities $1,430,126
Net Assets $5,908,314
Compensation
Key Employees and Officers Compensation Related Other
Kevin Joyce (President) $0 $0 $0
Derik Munns (Vice President) $0 $0 $0
Laurel Lukesh (Director Through November 2019) $0 $0 $0
Sam Brentano (Director) $0 $0 $0
Nancie Rogers (Director) $0 $0 $0
Ray Teasley (Director) $0 $0 $0
Truman Stone (Director) $0 $0 $0
Tom Pessemier (Secretary) $0 $0 $0
Andy Bennett (Director) $0 $0 $0
Renata Chmielowski (Program Director) $0 $104,329 $27,073

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$296,477
Expenses
$353,421
Net Income
-$56,944
Net Assets
$5,909,293
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $271,428
91.6%
Investment Income $14,699
5.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,040
2.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,310
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,481,853
Total Liabilities $1,572,560
Net Assets $5,909,293
Compensation
Key Employees and Officers Compensation Related Other
Kevin Joyce (President) $0 $0 $0
Derik Munns (Vice President) $0 $0 $0
Laurel Lukesh (Secretary) $0 $0 $0
Sam Brentano (Director) $0 $0 $0
Nancie Rogers (Director) $0 $0 $0
David Clyne (Director Through December 2018) $0 $0 $0
Ray Teasley (Director) $0 $0 $0
Truman Stone (Director) $0 $0 $0
Tom Pessemier (Director) $0 $0 $0
Renata Chmielowski (Program Director) $0 $104,583 $27,101

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$286,780
Expenses
$211,545
Net Income
$75,235
Net Assets
$6,055,912
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $222,007
77.4%
Investment Income $3,386
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $61,387
21.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,711,017
Total Liabilities $1,655,105
Net Assets $6,055,912
Compensation
Key Employees and Officers Compensation Related Other
Kevin Joyce (President) $0 $0 $0
Derik Munns (Vice President) $0 $0 $0
Laurel Lukesh (Secretary) $0 $0 $0
Sam Brentano (Director) $0 $0 $0
Nancie Rogers (Director) $0 $0 $0
David Clyne (Director) $0 $0 $0
Ray Teasley (Director) $0 $0 $0
Truman Stone (Director) $0 $0 $0
John Birnie (Director Until 12/31/17) $0 $0 $0
Renata Chmielowski (Program Director) $0 $95,429 $26,405

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$264,431
Expenses
$213,014
Net Income
$51,417
Net Assets
$5,980,677
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $263,924
99.8%
Investment Income $507
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 $0
Assets/Debt
Total Assets $7,746,821
Total Liabilities $1,766,144
Net Assets $5,980,677
Compensation
Key Employees and Officers Compensation Related Other
Kevin Joyce (President) $0 $0 $0
Derik Munns (Vice President) $0 $0 $0
Truman Stone (Director) $0 $0 $0
Sam Brentano (Director) $0 $0 $0
Nancie Rogers (Director) $0 $0 $0
John Birnie (Director) $0 $0 $0
David Clyne (Director) $0 $0 $0
Laurel Lukesh (Secretary) $0 $0 $0
Renata Chmielowski (Program Director) $0 $90,950 $25,424

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$220,740
Expenses
$174,747
Net Income
$45,993
Net Assets
$5,947,637
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $217,702
98.6%
Investment Income $3,038
1.4%
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 $0
Assets/Debt
Total Assets $8,911,622
Total Liabilities $2,963,985
Net Assets $5,947,637
Compensation
Key Employees and Officers Compensation Related Other
Kevin Joyce (President) $0 $0 $0
Derik Munns (Vice President) $0 $0 $0
Truman Stone (Director) $0 $0 $0
Sam Brentano (Director) $0 $0 $0
Nancie Rogers (Director) $0 $0 $0
John Birnie (Director) $0 $0 $0
David Clyne (Director) $0 $0 $0
Laurel Lukesh (Secretary) $0 $0 $0
Renata Chmielowski (Program Director) $0 $86,410 $24,064

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$245,106
Expenses
$155,299
Net Income
$89,807
Net Assets
$5,987,967
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $240,658
98.2%
Investment Income $4,448
1.8%
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 $0
Assets/Debt
Total Assets $9,145,948
Total Liabilities $3,157,981
Net Assets $5,987,967
Compensation
Key Employees and Officers Compensation Related Other
Kevin Joyce (President) $0 $0 $0
Derik Munns (Vice President) $0 $0 $0
Truman Stone (Director) $0 $0 $0
Sam Brentano (Director) $0 $0 $0
Nancie Rogers (Director) $0 $0 $0
John Birnie (Director) $0 $0 $0
David Clyne (Director) $0 $0 $0
Laurel Lukesh (Secretary) $0 $0 $0
Suzanne Dufner Thru July (Program Director) $0 $54,097 $9,996
Renata Chmielowski Aug Jun (Program Director) $0 $75,695 $22,310

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$382,461
Expenses
$330,582
Net Income
$51,879
Net Assets
$3,005,182
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $377,766
98.8%
Investment Income $4,695
1.2%
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 $0
Assets/Debt
Total Assets $6,194,840
Total Liabilities $3,189,658
Net Assets $3,005,182
Compensation
Key Employees and Officers Compensation Related Other
Kevin Joyce (President) $0 $0 $0
Derik Munns (Vice President) $0 $0 $0
Truman Stone (Director) $0 $0 $0
Sam Brentano (Director) $0 $0 $0
Nancie Rogers (Director) $0 $0 $0
John Birnie (Director) $0 $0 $0
David Clyne (Director) $0 $0 $0
Laurel Lukesh (Secretary) $0 $0 $0
Suzanne Dufner (Program Director) $0 $78,533 $15,050

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$358,582
Expenses
$286,752
Net Income
$71,830
Net Assets
$2,953,303
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $354,410
98.8%
Investment Income $4,172
1.2%
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 $0
Assets/Debt
Total Assets $6,102,099
Total Liabilities $3,148,796
Net Assets $2,953,303

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$618,988
Expenses
$515,392
Net Income
$103,596
Net Assets
$2,881,473
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $615,726
99.5%
Investment Income $3,262
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 $0
Assets/Debt
Total Assets $5,896,373
Total Liabilities $3,014,900
Net Assets $2,881,473

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$510,292
Expenses
$400,599
Net Income
$109,693
Net Assets
$2,777,877
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,000
0.8%
Program Services $499,639
97.9%
Investment Income $6,653
1.3%
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 $0
Assets/Debt
Total Assets $5,979,848
Total Liabilities $3,201,971
Net Assets $2,777,877

Document Links

Fiscal Year Ending June
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 June
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 June
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 June
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 June
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 June
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

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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