Civic Intelligence

Valhalla Inc

990EZ • Fiscal year 2022 • EIN 74-2742534

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 01, 2023

Organization ProfileN/A
505 E Ramseyer RdEdinburg, TX 78542

(763) 443-7063

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.25x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

0.88x

Higher debt load relative to revenue than 93% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Net Margin

62nd percentile

7.6%

Higher net margin than 62% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Top Officer Pay

98th percentile

$15,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Asset Growth

50th percentile

1.0%

Faster asset growth than 50% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

10%

Faster revenue growth than 48% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$390,581

Up $3,977 (+1.0%) from 2021

Net Assets

Up

$293,693

Up $4,489 (+1.6%) from 2021

Liabilities

Down

$96,888

Down $512 (-0.5%) from 2021

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin62nd percentile

Revenue

Up

$109,863

Up $10,044 (+10%) from 2021

Expenses

Down

$101,558

Down $10,767 (-9.6%) from 2021

Net Income

Up

$8,305

Up $20,811 (+166%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth50th 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

2022

Assets$390,581
Liabilities$96,888
Net Assets$293,693
Open 2022 Filing

Operations Trend

Revenue Growth48th 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

2022

Revenue$109,863
Expenses$101,558
Net Income$8,305
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$109,863
Mission and Program Overview

Mission

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

Ownership and operation of the common elements at valhalla mobile park.

Program Services

DescriptionGrantsExpenses
THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR OWNERSHIP AND OPERATION OF THE COMMON ELEMENTS AT VALHALLA MOBILE PARK.-$101,558
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RANDY ERNSTBoard Member-$15,000-$15,000
LARRY LINNChairman-$0--
FELIPE FARIASVice Chairman-$0--
SONDRA BAGOTSecretary/ Treasure-$0--
CATHY GARZABoard Member-$0--
KEITH JOHNSONBoard Member-$0--
LARRY ODEGAARDBoard Member-$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
Valhalla Inc
Title
Vice Chairman
Signed
2023-11-01
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Part I Revenue, Expenses, and Changes in Net Assets or Fund Balances, LINE 16 OTHER EXPENSES

“Usage of restricted escrow for roads and water $3,816.00”

Part I Revenue, Expenses, and Changes in Net Assets or Fund Balances, LINE 16 OTHER EXPENSES

“CC P&I $82.72”

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

“Change to net assets - reduction of fund balance”

Part IV List of Officers

“Only randy e received 1099 nec”

FORM 990 EZ, PART II, LINE 26, Liabilities:

“Deferred Member dues: Beginning of the year 97,400, year end 96,888”

Raw XML Appendix150 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/ApplicationPendingInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0LARRY LIN
IRS990EZ/BooksInCareOfDetail/PhoneNum07634437063
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0505 E RAMSEYER RD LOT
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Edinburg
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd078542
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt040316
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt037408
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt08305
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt020697
IRS990EZ/FiledScheduleAInd0false
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0386604
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0390581
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0109863
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartIVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt0109863
IRS990EZ/LandAndBuildingsGrp/BOYAmt0346288
IRS990EZ/LandAndBuildingsGrp/EOYAmt0353173
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0289204
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0293693
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0289204
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0293693
IRS990EZ/OccupancyRentUtltsAndMaintAmt076962
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt615000
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/PersonNm2SONDRA BAGOT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CATHY GARZA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4KEITH JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5LARRY ODEGAARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6RANDY ERNST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/ TREASURE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-3816
IRS990EZ/OtherExpensesTotalAmt03899
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0OWNERSHIP AND OPERATION OF THE COMMON ELEMENTS AT VALHALLA MOBILE PARK.
IRS990EZ/ProgramServiceRevenueAmt0109863
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR OWNERSHIP AND OPERATION OF THE COMMON ELEMENTS AT VALHALLA MOBILE PARK.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0101558
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt097400
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt096888
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0101558
IRS990EZ/TotalProgramServiceExpensesAmt0101558
IRS990EZ/TotalRevenueAmt0109863
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0USAGE OF RESTRICTED ESCROW FOR ROADS AND WATER $3,816.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CC P&I $82.72
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHANGE TO NET ASSETS - REDUCTION OF FUND BALANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ONLY RANDY E RECEIVED 1099 NEC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Deferred Member dues: Beginning of the year 97,400, year end 96,888
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Revenue, Expenses, and Changes in Net Assets or Fund Balances, LINE 16 OTHER EXPENSES
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 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART IV LIST OF OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 EZ, PART II, LINE 26, Liabilities:
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Valhalla Inc
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Valhalla Inc
ReturnHeader/Filer/BusinessNameControlTxt0VALH
ReturnHeader/Filer/EIN0742742534
ReturnHeader/Filer/USAddress/AddressLine1Txt0505 E RAMSEYER RD
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/PreparationDt02023-05-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Yvette Adriano
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-01-29T12:57:29-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Valhalla Inc
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$390,581
Liabilities
$96,888
Net assets
$293,693
Revenue
$109,863
Expenses
$101,558
Net income
$8,305
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