Civic Intelligence

Valhalla Inc

990EZ • Fiscal year 2023 • EIN 74-2742534

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 29, 2024

Organization ProfileN/A
505 E Ramseyer Rd Lot 140Edinburg, TX 78542

(763) 443-7033

Siviq Scores

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

Liabilities / Assets

86th percentile

0.32x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

1.27x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Net Margin

22nd percentile

-10%

Higher net margin than 22% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Top Officer Pay

98th percentile

$15,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Asset Growth

61st percentile

5.4%

Faster asset growth than 61% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

29th percentile

-5.4%

Faster revenue growth than 29% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$411,684

Up $21,103 (+5.4%) from 2022

Net Assets

Down

$279,606

Down $14,087 (-4.8%) from 2022

Liabilities

Up

$132,078

Up $35,190 (+36%) from 2022

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin22nd percentile

Revenue

Down

$103,883

Down $5,980 (-5.4%) from 2022

Expenses

Up

$114,677

Up $13,119 (+13%) from 2022

Net Income

Down

-$10,794

Down $19,099 (-230%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$800K$600K$400K$200K$0Assets 2017: $619,251Liabilities 2017: $0Net Assets 2017: $619,2512017Assets 2020: $713,892Liabilities 2020: $0Net Assets 2020: $713,8922020Assets 2021: $386,604Liabilities 2021: $97,400Net Assets 2021: $289,2042021Assets 2022: $390,581Liabilities 2022: $96,888Net Assets 2022: $293,6932022Assets 2023: $411,684Liabilities 2023: $132,078Net Assets 2023: $279,6062023Assets 2024: $446,206Liabilities 2024: $132,562Net Assets 2024: $313,6442024

Highlighted filing

2023

Assets$411,684
Liabilities$132,078
Net Assets$279,606
Open 2023 Filing

Operations Trend

Revenue Growth29th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2017: $83,399Expenses 2017: $81,593Net Income 2017: $1,8062017Revenue 2020: $92,811Expenses 2020: $83,882Net Income 2020: $8,9292020Revenue 2021: $99,819Expenses 2021: $112,325Net Income 2021: -$12,5062021Revenue 2022: $109,863Expenses 2022: $101,558Net Income 2022: $8,3052022Revenue 2023: $103,883Expenses 2023: $114,677Net Income 2023: -$10,7942023Revenue 2024: $155,946Expenses 2024: $121,909Net Income 2024: $34,0372024

Highlighted filing

2023

Revenue$103,883
Expenses$114,677
Net Income-$10,794
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 29, 2024
Return Version
2023v5.0
Gross Receipts
$103,883
Mission and Program Overview

Mission

Ownership and operation of the common Elements at Valhalla Mobile Home Park

Program Services

DescriptionGrantsExpenses
Ownership and operation of the common Elements at Valhalla Mobile Home Park-$0
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RANDY ERNSTBoard MemberFT$15,000-$15,000
LARRY LINNChairman-$0--
FELIPE FARIASVice Chairman-$0--
JEAN COTESecretary-$0--
CATHY CARZATreasurer-$0--
LARRY ODEGAARDBoard Member-$0--
KEITH JOHNSONBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Valhalla Inc
EIN
74-2742534
Phone
7634437033
Address
505 E RAMSEYER RD LOT 140, Edinburg, TX 78542

Signing Officer

Name
Valhalla Inc
Title
Cathy Garza Treasurer
Phone
9563300118
Signed
2024-04-29
Discuss with paid preparer
No

Preparer

Firm
BusinesSavvy
Address
7103 Vista Bonita Drive, Edinburg, TX 78542
Preparer
Yvette Adriano
Phone
9568678760
Supplemental Narrative

Additional Explanations

990 EZ, LINE NUMBER 26 Total liabilities (describe in Schedule O)

“LSNB Credit Card Liability $27.00”

PART I Revenue Expenses and Changes in Net Assets or Fund Balances. LINE 16 Other Expenses

“Fuel Costs $9,392.86”

PART I Revenue Expenses and Changes in Net Assets or Fund Balances. LINE 16 Other Expenses

“Insurance Costs $3,827.66”

PART I Revenue Expenses and Changes in Net Assets or Fund Balances. LINE 16 Other Expenses

“Business Registrations $600.00”

PART I Revenue, Expenses and Changes in Net Assets or Fund Balances: LINE 20

“Reduction in Undesignated Escrow - used for Water Heater expense $8,900.26”

Part IV List of Officers

“Only randy e. Received 1099-nec compensation”

FORM 990 EZ PART II LINE 26 Total liabilities

“Deferred Member dues, Beginning of the year $96,888 end of year $132,050, plus CC liab of $26.91”

PART I Revenue, Expenses and Changes in Net Assets or Fund Balances: LINE 20

“Reduction in Attorney Escrow Account $5,000”

PART I Revenue, Expenses and Changes in Net Assets or Fund Balances: LINE 20

“Escrow Balance increase 5,000 for Water/Roads, $300 for Gate Escrow, and $307 Pool Escrow”

PART I Revenue, Expenses and Changes in Net Assets or Fund Balances: LINE 20

“Attorney Retainer Asset Increase $5000”

PART I Revenue Expenses and Changes in Net Assets or Fund Balances. LINE 16 Other Expenses

“Pool heater expense from $8,900”

Raw XML Appendix164 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Cathy Garza
IRS990EZ/BooksInCareOfDetail/PhoneNum09563300118
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0505 E RAMSEYER RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Edinburg
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd078542
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt037408
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt058511
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0607
IRS990EZ/DonorAdvisedFndsInd0false
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IRS990EZ/ExcessOrDeficitForYearAmt0-10794
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt026700
IRS990EZ/FiledScheduleAInd0false
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IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0390581
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0411684
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0103883
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartIVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt0353173
IRS990EZ/LandAndBuildingsGrp/EOYAmt0353173
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0293693
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0279606
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0293693
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0279606
IRS990EZ/OccupancyRentUtltsAndMaintAmt064209
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4168
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt415000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LARRY LINN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1FELIPE FARIAS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JEAN COTE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CATHY CARZA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4RANDY ERNST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5LARRY ODEGAARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6KEITH JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt0-3293
IRS990EZ/OtherExpensesTotalAmt023177
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Ownership and operation of the common Elements at Valhalla Mobile Home Park
IRS990EZ/PrintingPublicationsPostageAmt0591
IRS990EZ/ProgramServiceRevenueAmt0103276
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Ownership and operation of the common Elements at Valhalla Mobile Home Park
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt096888
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0132078
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0114677
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0103883
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LSNB Credit Card Liability $27.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Fuel Costs $9,392.86
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance Costs $3,827.66
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Business Registrations $600.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Reduction in Undesignated Escrow - used for Water Heater expense $8,900.26
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ONLY RANDY E. RECEIVED 1099-NEC COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Deferred Member dues, Beginning of the year $96,888 end of year $132,050, plus CC liab of $26.91
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Reduction in Attorney Escrow Account $5,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Escrow Balance increase 5,000 for Water/Roads, $300 for Gate Escrow, and $307 Pool Escrow
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Attorney Retainer Asset Increase $5000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Pool heater expense from $8,900
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0990 EZ, LINE NUMBER 26 Total liabilities (describe in Schedule O)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I Revenue Expenses and Changes in Net Assets or Fund Balances. LINE 16 Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART I Revenue Expenses and Changes in Net Assets or Fund Balances. LINE 16 Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART I Revenue Expenses and Changes in Net Assets or Fund Balances. LINE 16 Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART I Revenue, Expenses and Changes in Net Assets or Fund Balances: LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART IV LIST OF OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 EZ PART II LINE 26 Total liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART I Revenue, Expenses and Changes in Net Assets or Fund Balances: LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8PART I Revenue, Expenses and Changes in Net Assets or Fund Balances: LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9PART I Revenue, Expenses and Changes in Net Assets or Fund Balances: LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10PART I Revenue Expenses and Changes in Net Assets or Fund Balances. LINE 16 Other Expenses
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0VALHALLA INC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CATHY GARZA TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09563300118
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALHALLA INC
ReturnHeader/Filer/BusinessNameControlTxt0VALH
ReturnHeader/Filer/EIN0742742534
ReturnHeader/Filer/PhoneNum07634437033
ReturnHeader/Filer/USAddress/AddressLine1Txt0505 E RAMSEYER RD LOT 140
ReturnHeader/Filer/USAddress/CityNm0Edinburg
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078542
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BusinesSavvy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07103 Vista Bonita Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Edinburg
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078542
ReturnHeader/PreparerPersonGrp/PhoneNum09568678760
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Yvette Adriano
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-05-09T09:57:40-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0VALHALLA INC
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$411,684
Liabilities
$132,078
Net assets
$279,606
Revenue
$103,883
Expenses
$114,677
Net income
-$10,794
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.46$1.33$3.14$1.56$1.22$0.34
2023Detailed filing. Detailed filing data is available for this year.$4.12$1.32$2.80$1.04$1.15$0.11
2022Detailed filing. Detailed filing data is available for this year.$3.91$0.97$2.94$1.10$1.02$0.08
2021Detailed filing. Detailed filing data is available for this year.$3.87$0.97$2.89$1.00$1.12$0.13
2020Detailed filing. Detailed filing data is available for this year.$7.14$0.00$7.14$0.93$0.84$0.09
2017Summary only. Only limited summary data is available for this year.$6.19$0.00$6.19$0.83$0.82$0.02