Civic Intelligence

Valley Community Housing Corporation

990 • Fiscal year 2017 • EIN 20-0001916

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 17, 2018

Organization ProfileVALLEYHOUSING.NET

View Organization Page

82 West Queen StreetChambersburg, PA 17201

(717) 977-3900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.02x

Higher debt load relative to assets than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

44th percentile

0.07x

Higher debt load relative to revenue than 44% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

95th percentile

67%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

38th percentile

$18,505

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

87th percentile

33%

Faster asset growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

89th percentile

67%

Faster revenue growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$2,972,447

Up $737,772 (+33%) from 2016

Net Assets

Up

$2,902,672

Up $678,444 (+31%) from 2016

Liabilities

Up

$69,775

Up $59,328 (+568%) from 2016

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin95th percentile

Revenue

Up

$961,733

Up $385,350 (+67%) from 2016

Expenses

Up

$318,517

Up $85,817 (+37%) from 2016

Net Income

Up

$643,216

Up $299,533 (+87%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $1,138,124Liabilities 2010: $103,390Net Assets 2010: $1,034,7342010Assets 2011: $1,142,451Liabilities 2011: $56,266Net Assets 2011: $1,086,1852011Assets 2012: $1,157,168Liabilities 2012: $97,048Net Assets 2012: $1,060,1202012Assets 2013: $1,363,510Liabilities 2013: $192,637Net Assets 2013: $1,170,8732013Assets 2014: $1,904,416Liabilities 2014: $212,209Net Assets 2014: $1,692,2072014Assets 2015: $2,077,880Liabilities 2015: $215,374Net Assets 2015: $1,862,5062015Assets 2016: $2,234,675Liabilities 2016: $10,447Net Assets 2016: $2,224,2282016Assets 2017: $2,972,447Liabilities 2017: $69,775Net Assets 2017: $2,902,6722017Assets 2018: $2,743,287Liabilities 2018: $244,806Net Assets 2018: $2,498,4812018Assets 2019: $2,995,237Liabilities 2019: $230,918Net Assets 2019: $2,764,3192019Assets 2020: $4,239,930Liabilities 2020: $638,286Net Assets 2020: $3,601,6442020Assets 2021: $4,661,096Liabilities 2021: $504,386Net Assets 2021: $4,156,7102021Assets 2022: $4,607,027Liabilities 2022: $303,951Net Assets 2022: $4,303,0762022Assets 2023: $4,976,540Liabilities 2023: $512,768Net Assets 2023: $4,463,7722023Assets 2024: $5,548,057Liabilities 2024: $791,726Net Assets 2024: $4,756,3312024

Highlighted filing

2017

Assets$2,972,447
Liabilities$69,775
Net Assets$2,902,672
Open 2017 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $93,3032010Expenses 2011: $130,0892011Expenses 2012: $91,4532012Revenue 2013: $384,682Expenses 2013: $290,118Net Income 2013: $94,5642013Revenue 2014: $907,404Expenses 2014: $383,242Net Income 2014: $524,1622014Revenue 2015: $459,242Expenses 2015: $260,495Net Income 2015: $198,7472015Revenue 2016: $576,383Expenses 2016: $232,700Net Income 2016: $343,6832016Revenue 2017: $961,733Expenses 2017: $318,517Net Income 2017: $643,2162017Revenue 2018: $192,652Expenses 2018: $529,140Net Income 2018: -$336,4882018Revenue 2019: $879,355Expenses 2019: $698,694Net Income 2019: $180,6612019Revenue 2020: $1,394,274Expenses 2020: $598,864Net Income 2020: $795,4102020Revenue 2021: $1,424,914Expenses 2021: $838,132Net Income 2021: $586,7822021Revenue 2022: $1,241,215Expenses 2022: $955,094Net Income 2022: $286,1212022Revenue 2023: $1,418,445Expenses 2023: $1,342,613Net Income 2023: $75,8322023Revenue 2024: $1,726,239Expenses 2024: $1,461,374Net Income 2024: $264,8652024

Highlighted filing

2017

Revenue$961,733
Expenses$318,517
Net Income$643,216
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 17, 2018
Return Version
2017v2.3
Gross Receipts
$1,192,806
Mission and Program Overview

Mission

To provide decent housing that is affordable to low and moderate income people and such other activities as the pennsylvania not-for-profit law may allow.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,015,828$873,577▼ $142,251
Accounts Receivable$243,775$459,931▲ $216,156
Investments Program Related$249,246$224,164▼ $25,082
Other Notes and Loans Receivable, Net$170,000$170,000→ $0
Cash and Non-Interest-Bearing Accounts$193,794$68,182▼ $125,612
Land, Buildings, and Equipment, Net-$23,860-
Intangible Assets$9,766$6,511▼ $3,255
Prepaid Expenses and Deferred Charges$1,060$1,216▲ $156
Total Assets$2,234,675$2,972,447▲ $737,772
Other Assets Total$351,206$1,145,006▲ $793,800
Liabilities
Accounts Payable and Accrued Expenses$10,447$69,775▲ $59,328
Total Liabilities$10,447$69,775▲ $59,328
Net Assets / Fund Balance
Unrestricted Net Assets$2,224,228$2,902,672▲ $678,444
Total Net Assets Fund Balance$2,224,228$2,902,672▲ $678,444
Total Liabilities and Net Assets / Fund Balance$2,234,675$2,972,447▲ $737,772

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,860$574$24,434
Investment Program Related Org$224,164--
Other Assets Org$1,145,006--
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bonnie ZehlerExecutive DiFT$15,833$2,672$18,505
Bryan KnollComptrollerFT$9,789$2,028$11,817

Board Members and Trustees

NameTitle
Olaf HasseChairman
Matt GunderVice Chairma
Annette SearfossDirector
Denise EsserDirector
John BlubaughDirector
Linda MayoDirector
Mike RossDirector
Alexandra SipeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,000
Program Service Revenue
$849,193
Investment Income
$59,813
Other Revenue
$50,727
All Other Contributions
$2,000
Change in Net Assets
$643,216

Audited Revenue Reconciliation

Revenue per Audited Statements
$961,733
Total Revenue per Audited Statements
$961,733
Total Revenue per Form 990
$961,733
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$238,998
Salaries, Compensation, and Employee Benefits$79,519
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$57,764$49,206-$106,970
Current Officers, Directors, Trustees, and Key Employees$18,517$18,988-$37,505
Other Salaries and Wages$16,422$10,412-$26,834
Office Expenses$5,726$4,685-$10,411
Other Employee Benefits$5,266$3,661-$8,927
Fees for Service Investment Mgmnt Fees-$8,112-$8,112
Fees for Services Other-$5,585-$5,585
Payroll Taxes$2,521$2,062-$4,583
Insurance$1,050$3,149-$4,199
Depreciation Depletion$3,571$258-$3,829
Fees for Services Accounting-$3,670-$3,670
Interest$3,341--$3,341
Pension Plan Contributions$1,010$660-$1,670
Other Expenses$367$450-$817
Fees for Services Legal-$774-$774
Travel-$341-$341
Occupancy$156$128-$284
Total Functional Expenses$201,954$116,563$0$318,517

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$318,517
Total Expenses per Audited Statements$318,517
Total Expenses per Form 990$318,517
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bonita ZehlerExecutive DirSee Supplementl InfoNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Valley community housing corporation contracted with the franklin county housing authority to provide management services through october of 2017.”

Form 990, Page 6, Part VI, Line 11B

“The board of directors is provided a copy of the form 990 to review before filing the return.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest statements are reviewed on an annual basis to determine if any conflicts of interest exist.”

Form 990, Page 6, Part VI, Line 15A

“The compensation of the executive director was reviewed and set by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Valley community housing corporation makes available for public inspection a completed form 990 along with their application for exemption for a period of 3 years, starting on the date the return is filed. A request for a copy of the form 990 and application for exemption can be made at the valley community housing corporation office in chambersburg, pa during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Valley Community Housing
EIN
20-0001916
Phone
7179773900
Address
82 WEST QUEEN STREET, CHAMBERSBURG, PA 17201

Signing Officer

Name
Bonnie Zehler
Title
Executive Director
Phone
7172634200
Signed
2018-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bonnie Zehler
Formed
2002
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
8
Employees
16

Preparer

Firm
Smith Elliott Kearns & Company LLC
Address
19 BROOKWOOD AVE STE 101, CARLISLE, PA 17015
Preparer
Gregory P Hall CPA
Phone
7172439104
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization follows generally accepted accounting principles, which provides guidance on accounting for uncertainity in income taxes recognized in an organization's financial statements. The organization's policy is to charge penalties and interest to income tax expense as incurred. The organization's federal and state information returns are subject to examination by the internal revenue service and state tax authorities, generally for a period of three years after the returns are filed.”

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IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPER'S FEE
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IRS990/ProgramServiceRevenueGrp/Desc2ADMINISTRATION SERVICE FEE
IRS990/ProgramServiceRevenueGrp/Desc3SERVICE INCOME
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IRS990/ReportProgramRelatedInvstInd0true
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt016186
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt027545
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt016627
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IRS990ScheduleA/TotalSupportAmt0561728
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt023860
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0574
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024434
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEVELOPER'S FEE RECEIVABLE
IRS990ScheduleD/RevenueSubtotalAmt0961733
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINITY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S POLICY IS TO CHARGE PENALTIES AND INTEREST TO INCOME TAX EXPENSE AS INCURRED. THE ORGANIZATION'S FEDERAL AND STATE INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAX AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt01145006
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IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BONITA ZEHLER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0EXECUTIVE DIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEE SUPPLEMENTL INFO
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0BONITA ZEHLER WAS THE EXECUTIVE DIRECTOR OF THE FRANKLIN COUNTY HOUSING AUTHORITY(FCHA) WHICH PROVIDED MANAGEMENT SERVICES TO VALLEY COMMUNITY HOUSING CORPORATION(VCHC) UNTIL OCTOBER 2017. VCHC PAID A MANAGEMENT FEE OF 106,970 TO FCHA DURING 2017.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VALLEY COMMUNITY HOUSING CORPORATION CONTRACTED WITH THE FRANKLIN COUNTY HOUSING AUTHORITY TO PROVIDE MANAGEMENT SERVICES THROUGH OCTOBER OF 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS PROVIDED A COPY OF THE FORM 990 TO REVIEW BEFORE FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST STATEMENTS ARE REVIEWED ON AN ANNUAL BASIS TO DETERMINE IF ANY CONFLICTS OF INTEREST EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF THE EXECUTIVE DIRECTOR WAS REVIEWED AND SET BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4VALLEY COMMUNITY HOUSING CORPORATION MAKES AVAILABLE FOR PUBLIC INSPECTION A COMPLETED FORM 990 ALONG WITH THEIR APPLICATION FOR EXEMPTION FOR A PERIOD OF 3 YEARS, STARTING ON THE DATE THE RETURN IS FILED. A REQUEST FOR A COPY OF THE FORM 990 AND APPLICATION FOR EXEMPTION CAN BE MADE AT THE VALLEY COMMUNITY HOUSING CORPORATION OFFICE IN CHAMBERSBURG, PA DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0VALLEY AT MOUNT VERNON TERRACE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1VALLEY AT WAYNE GARDENTS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0475503516
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1464929059
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IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt1216050
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0PA
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IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0RESIDENTIA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1RESIDENTIA
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt082 WEST QUEEN STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt182 WEST QUEEN STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0CHAMBERSBURG
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1CHAMBERSBURG
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd2false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0475501008
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1271991817

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,972,447
Liabilities
$69,775
Net assets
$2,902,672
Revenue
$961,733
Expenses
$318,517
Net income
$643,216
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.55$0.79$4.76$1.73$1.46$0.26
2023Detailed filing. Detailed filing data is available for this year.$4.98$0.51$4.46$1.42$1.34$0.08
2022Detailed filing. Detailed filing data is available for this year.$4.61$0.30$4.30$1.24$0.96$0.29
2021Detailed filing. Detailed filing data is available for this year.$4.66$0.50$4.16$1.42$0.84$0.59
2020Detailed filing. Detailed filing data is available for this year.$4.24$0.64$3.60$1.39$0.60$0.80
2019Summary only. Only limited summary data is available for this year.$3.00$0.23$2.76$0.88$0.70$0.18
2018Detailed filing. Detailed filing data is available for this year.$2.74$0.24$2.50$0.19$0.53$0.34
2017Detailed filing. Detailed filing data is available for this year.$2.97$0.07$2.90$0.96$0.32$0.64
2016Detailed filing. Detailed filing data is available for this year.$2.23$0.01$2.22$0.58$0.23$0.34
2015Detailed filing. Detailed filing data is available for this year.$2.08$0.22$1.86$0.46$0.26$0.20
2014Detailed filing. Detailed filing data is available for this year.$1.90$0.21$1.69$0.91$0.38$0.52
2013Detailed filing. Detailed filing data is available for this year.$1.36$0.19$1.17$0.38$0.29$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.10$1.06$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.06$1.09$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.10$1.03$0.09