Liabilities / Assets
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Valley Health Development Corporation
EIN 22-2607657 • 501(c)3 • Herkimer, NY
Profile
Valley Health Development Corporation issued tax exempt Mortgage Revenue Bonds and holds a Mortgage Note from Valley Health Services, Inc., a not-for-profit Residential Health Care Facility. In September 2000, Valley Health Development Corporation issued $8,795,000 in tax exempt Mortgage Revenue Refunding Bonds to refinance Valley Health Services', Inc. existing debt. Valley Health Development Corporation administers the bond payments through the Bank of New York Mellon - New Albany, Ohio.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on the latest valid filing.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Balance Sheet
Assets
Flat$0
Flat from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Flat$0
Flat from 2023
Revenue
Flat$0
Flat from 2023
Expenses
Flat$0
Flat from 2023
Net Income
Flat$0
Flat from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $0
- Expenses
- $0
- Net income
- $0
Latest Detailed Filing
The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 6, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $10,060
Mission and Program Overview
Mission
Valley Health Development Corporation issued tax exempt Mortgage Revenue Bonds and holds a Mortgage Note from Valley Health Services, Inc., a not-for-profit Residential Health Care Facility. In September 2000, Valley Health Development Corporation issued $8,795,000 in tax exempt Mortgage Revenue Refunding Bonds to refinance Valley Health Services', Inc. existing debt. Valley Health Development Corporation administers the bond payments through the Bank of New York Mellon - New Albany, Ohio.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Program Related | $397,845 | $0 | ▼ $397,845 |
| Rtn Earn Endowment Incm Other Fnds | $88,479 | $0 | ▼ $88,479 |
| Prepaid Expenses and Deferred Charges | $5,634 | $0 | ▼ $5,634 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $403,479 | $0 | ▼ $403,479 |
| Liabilities | |||
| Tax Exempt Bond Liabilities | $315,000 | $0 | ▼ $315,000 |
| Other Liabilities | $0 | - | - |
| Total Liabilities | $315,000 | $0 | ▼ $315,000 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $88,479 | $0 | ▼ $88,479 |
| Total Liabilities and Net Assets / Fund Balance | $403,479 | $0 | ▼ $403,479 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Lisa Betrus | President |
| John Militello | Secretary |
| Anna Lyga | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $10,060
- Investment Income
- $0
- Other Revenue
- $0
- Change in Net Assets
- $-63,479
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $73,539 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| All Other Expenses | $52,069 | - | - | $52,069 |
| Interest | $11,475 | - | - | $11,475 |
| Depreciation Depletion | $5,634 | - | - | $5,634 |
| Fees for Services Other | $4,361 | - | - | $4,361 |
| Total Functional Expenses | $73,539 | $0 | $0 | $73,539 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Business relationship with 35% controlled entity
- No
- 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
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- No
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 6
“VHDC has a three member Board of Trustees. Board Members are appointed and subject to removal by resolution of the Board of Trustees of the Village of Herkimer, NY.”
Form 990, Part VI, Section A, Line 8B
“VHDC has a three member Board of Trustees. Board Members are appointed and subject to removal by resolution of the Board of Trustees of the Village of Herkimer, NY. There are no additional committees necessary.”
Form 990, Part VI, Section B, Line 11B
“Prior to being filed, the form 990 is reviewed by the Board of Trustees at its annual meeting.”
Form 990, Part VI, Section C, Line 19
“VHDC Makes its governing documents and financial statements available to the public, upon request.”
Filing and Contact Details
Filer
- Filer Name
- Valley Health Development Corporation
- EIN
- 22-2607657
- Phone
- 3158663330
- Address
- 690 West German Street, Herkimer, NY 13350
Signing Officer
- Name
- Lisa Betrus
- Title
- President
- Phone
- 3158663330
- Signed
- 2023-11-06
Organization Details
- Principal Officer
- Lisa Betrus
- Formed
- 1984
- Legal Domicile
- Ny
- Voting Board Members
- 3
- Independent Board Members
- 2
- Employees
- 0
- Volunteers
- 0
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 1
“Per the Certificate of Incorporation of Valley Health Development Corp. the purpose for which the Corporation is formed and the objects to be carried on and promoted by it are to be purely public and charitable within the meaning of §501(c) (3) of the Internal Revenue Code of 1954, as amended, with the ultimate aim of promoting improvement and well-being of man. Its purposes include: (a) "to relieve a shortage of decent, safe and sanitary health facilities and services in Herkimer, New York, acting on behalf of the Village of Herkimer, New York and to promote and advance decent, safe and sanitary health facilities and services for said persons by, among other things, financing therein a residential health care facility and such ancillary services as are defined in and regulated by Article 28 of the Public Health Law." (b) "to receive and administer funds in order to finance the acquisition, construction (or rehabilitation) and the equipage of health facilities for the Village and to otherwise engage in or assist in the development, financing and carrying out or assisting in carrying out such health facilities project (including assistance by borrowing and lending funds)." (c) "to promote the common good and general welfare of the County, its inhabitants, surrounding territories and their inhabitants, their civic or other enterprises, by providing the aforesaid facilities."”
Form 990, Part IX, Line 24E
“Payment to Valley Health services net proceeds from bond issuance.”
Form 990, Part XI, Line 9
“Prior year bond payable was understated by $25,000”
Raw XML Appendix375 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | Valley Health Development Corporation issued tax exempt Mortgage Revenue Bonds and holds a Mortgage Note from Valley Health Services, Inc., a not-for-profit Residential Health Care Facility. In September 2000, Valley Health Development Corporation issued $8,795,000 in tax exempt Mortgage Revenue Refunding Bonds to refinance Valley Health Services', Inc. existing debt. Valley Health Development Corporation administers the bond payments through the Bank of New York Mellon - New Albany, Ohio. |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 52069 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 52069 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Valley Health Services |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3158663330 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 690 West German Street |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Herkimer |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 13350 |
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| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
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| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
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| IRS990/CollectionsOfArtInd | 0 | 0 |
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| IRS990/CompensationProcessCEOInd | 0 | 0 |
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| IRS990/ConservationEasementsInd | 0 | 0 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | -63479 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 73539 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 10060 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 5634 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 5634 |
| IRS990/Desc | 0 | Valley Health Development Corp. was created for the sole purpose of providing financing for Valley Health Services, Inc., a not-for-profit Residential Health Care Facility, in Herkimer, New York. In April 1985, Valley Health Development Corp. issued $7,395,000 Series 1985 Mortgage Revenue Bonds for the renovation and construction of Valley Health Services, Inc., the successor organization to Herkimer Memorial Hospital. In December 1990, Valley Health Development Corp. issued $2,675,000 Series 1990 A and $100,000 Series 1990 B Mortgage Revenue Bonds to finance Valley Health Services' expansion project which included the addition of 32 beds and an Adult Day Health Care Program. Today, Valley Health Services, Inc. is a 160 bed facility offering skilled nursing long term care, short term inpatient rehabilitation and subacute care, Palliative Care, outpatient rehabilitation and medical model Adult Day Health Care services to the residents of Herkimer and the surrounding communities. A majority of Valley Health Services' revenue is provided by Medicaid funding. Annually, Valley Health Development Corp. administers the bond payments through the Bank of New York Mellon. The income generated each year by Valley Health Development Corp. investments is utilized to pay out semi annual interest to bond holders, periodic trustee and maintenance fees. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonatedServicesAndUseFcltsAmt | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 73539 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 4361 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 4361 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 40 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 19771 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Lisa Betrus |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | John Militello |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Anna Lyga |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 386903 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Treasurer |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1984 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 3 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 10060 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 2 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 11475 |
| IRS990/InterestGrp/TotalAmt | 0 | 11475 |
| IRS990/InvestmentExpenseAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 397845 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | Per the Certificate of Incorporation of Valley Health Development Corp. the purpose for which the Corporation is formed and the objects to be carried on and promoted by it are to be purely public and charitable within the meaning of §501(c) (3) of the Internal Revenue Code of 1954, as amended, with the ultimate aim of promoting improvement and well-being of man. Its purposes include: (a) "to relieve a shortage of decent, safe and sanitary health facilities and services in Herkimer, New York, acting on behalf of the Village of Herkimer, New York and to promote and advance decent, safe and sanitary health facilities and services for said persons by, among other things, financing therein a residential health care facility and such ancillary services as are defined in and regulated by Article 28 of the Public Health Law." (b) "to receive and administer funds in order to finance the acquisition, construction (or rehabilitation) and the equipage of health facilities for the Village and |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 88479 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 0 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -25000 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 5634 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Lisa Betrus |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | See Part III, Line 4A |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 10060 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 10060 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 77340 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 56297 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -21043 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 77340 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 56297 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -63479 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 10060 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 88479 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 0 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | VHDC has a historic and continuing relationship with Valley Health Services, Inc. its supported organization. VHDC's purpose as stated in its bylaws, was to finance a residential health care facility and such ancillary services. VHDC was created for the sole purpose of providing financing for Valley Health Services, Inc., a non-profit residential health care facility in Herkimer, NY. In April 1985, VHDC issued $7,395,000 series 1985 Mortgage Revenue Bonds for the renovation and construction of Valley Health Services Inc the successor organization to Herkimer Memorial Hospital. In December 1990, VHDC issued $2,675,000 Series 1990 A and $100,000 Series 1990 B Mortgage Revenue Bonds to Finance Valley Health Services expansion project which included the addition of 32 beds and an Adult Day health Care Program. Today, Valley Health Services, Inc. is a 160 bed facility offering skilled nursing long term care, short term inpatient rehabilitation and subacute care, palliative care, outpatient rehabilitation and medical model Adult Day Health Care services to the residents of Herkimer and the surrounding communities. A majority of Valley Health Services Revenue is provided by Medicaid Funding. Annually, VHDC administers the bond payments through the Bank of New York Mellon. The income generated each year by VHDC investments is utilized to pay out semi-annual interest to bond holders periodic trustee and maintenance fees. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | The Treasurer and Secretary of the VHDC Board of Trustees are board members of the Valley Health Services, Inc. Board. Additionally, the President of the VHDC Board of Trustees is the President of Valley Health Services, Inc. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Schedule A, Part IV, Section A, Line 1 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | Schedule A, Part IV, Section C, Line 1 |
| IRS990ScheduleA/MajorityDirTrstSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 222511614 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 10 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | Valley Health Services Inc |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType2Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Per the Certificate of Incorporation of Valley Health Development Corp. the purpose for which the Corporation is formed and the objects to be carried on and promoted by it are to be purely public and charitable within the meaning of §501(c) (3) of the Internal Revenue Code of 1954, as amended, with the ultimate aim of promoting improvement and well-being of man. Its purposes include: (a) "to relieve a shortage of decent, safe and sanitary health facilities and services in Herkimer, New York, acting on behalf of the Village of Herkimer, New York and to promote and advance decent, safe and sanitary health facilities and services for said persons by, among other things, financing therein a residential health care facility and such ancillary services as are defined in and regulated by Article 28 of the Public Health Law." (b) "to receive and administer funds in order to finance the acquisition, construction (or rehabilitation) and the equipage of health facilities for the Village and to otherwise engage in or assist in the development, financing and carrying out or assisting in carrying out such health facilities project (including assistance by borrowing and lending funds)." (c) "to promote the common good and general welfare of the County, its inhabitants, surrounding territories and their inhabitants, their civic or other enterprises, by providing the aforesaid facilities." |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | VHDC has a three member Board of Trustees. Board Members are appointed and subject to removal by resolution of the Board of Trustees of the Village of Herkimer, NY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | VHDC has a three member Board of Trustees. Board Members are appointed and subject to removal by resolution of the Board of Trustees of the Village of Herkimer, NY. There are no additional committees necessary. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Prior to being filed, the form 990 is reviewed by the Board of Trustees at its annual meeting. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | VHDC Makes its governing documents and financial statements available to the public, upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Payment to Valley Health services net proceeds from bond issuance. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Prior year bond payable was understated by $25,000 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part III, Line 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, Line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section A, Line 8b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section C, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part XI, Line 9 |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | Skilled Nursing Facility |
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| ReasonableCauseExplanation/ExplanationTxt | 0 | We have filed the Form 990 for the tax year ended December 31, 2022, on 11/7/2023. The Organization took corrective measures as soon as the mistake was brought to our attention. The Organization's intent is to comply with the law at all times. The Organization is current with all its filings. The Organization intended to comply, failure to file was not due to willful neglect, but rather a misunderstanding as to what form was required to be filed. |
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| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
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| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | VALLEY HEALTH DEVELOPMENT CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VALL |
| ReturnHeader/Filer/EIN | 0 | 222607657 |
| ReturnHeader/Filer/PhoneNum | 0 | 3158663330 |
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| ReturnHeader/ReturnTs | 0 | 2023-11-07T16:16:01-07:00 |
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| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
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