Civic Intelligence

Valley Hub Inc

EIN 93-3425857 • 501(c)3 • Rochester, VT

Profile

Valley hub inc is a vermont nonprofit corporation with a mission to work for the vitality and sustainability of the rochester area community.

PO Box 27Rochester, VT 05767

rhsrepurposingproject.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

98th percentile

99%

Higher net margin than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

$311,271

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$311,271

No earlier filing loaded for comparison.

Revenue

$312,710

No earlier filing loaded for comparison.

Expenses

$4,308

No earlier filing loaded for comparison.

Net Income

$308,402

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2024: $311,271Liabilities 2024: $0Net Assets 2024: $311,2712024

Highlighted filing

2024

Assets$311,271
Liabilities$0
Net Assets$311,271

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0Revenue 2024: $312,710Expenses 2024: $4,308Net Income 2024: $308,4022024

Highlighted filing

2024

Revenue$312,710
Expenses$4,308
Net Income$308,402

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.11$0.00$3.11$3.13$0.04$3.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.0
Gross Receipts
$312,710
Mission and Program Overview

Mission

Valley hub inc is a vermont nonprofit corporation with a mission to work for the vitality and sustainability of the rochester area community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$307,089-
Cash and Non-Interest-Bearing Accounts-$4,182-
Total Assets$0$311,271▲ $311,271
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$311,271-
Total Net Assets Fund Balance$0$311,271▲ $311,271
Total Liabilities and Net Assets / Fund Balance$0$311,271▲ $311,271
Compensation and Service Providers

Board Members and Trustees

NameTitle
Victor RibaudoPresident
Andrew FerschBoard Member
Donna LindseyBoard Member
Margaret ScanlanBoard Member
Pam ReitBoard Member
Robert MeagherBoard Member
Walter GolubBoard Member
Sara MartireSecretary
Kathryn SchenkmanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$312,401
Program Service Revenue
$0
Investment Income
$309
Other Revenue
$0
All Other Contributions
$312,401
Change in Net Assets
$308,402

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded9$303,911Fair Market Value (FMV) on Date of Receipt
Total Noncash Contributions9$303,911-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,308
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$2,590-$2,590
Fees for Services Other$1,080--$1,080
Office Expenses-$638-$638
Total Functional Expenses$1,080$3,228$0$4,308
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The 990 is provided to the full board for review prior to being filed.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Valley Hub Inc
EIN
93-3425857
Phone
8024318353
Address
PO BOX 27, ROCHESTER, VT 05767

Signing Officer

Name
Victor Ribaudo
Title
President
Phone
8027679234
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victor Ribaudo
Formed
2023
Legal Domicile
Vt
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
15

Preparer

Firm
Mudgett Jennett & Krogh-wisner
Address
141 MAIN ST STE 2, MONTPELIER, VT 05602
Preparer
Erin J Packie CPA
Phone
8022299193
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Rochester high school repurposing project - the goal of this project is to support the adaptive reuse of the high school building as a self-sustaining community resource. It will house a variety of community services, including childcare, adult and youth education, healthcare services, senior services, arts programs, a maker space, recreation and commercial rentals. The high school property was owned by the rochester stockbridge unified school district (rsud) during all of 2024.valley hub, inc (vhi) worked to facilitate sale of the high school to the town of rochester for future development into the multipurpose community center, planned for 2025. This work, conducted by vhi volunteers, included preparing grants for the town and organizing compliance reviews with environmental and other applicable regulations. Rsud planned to rent space from the town in the high school. Vhi is not a party to the lease. 2024 program service accomplishments include the following - - held public information meetings about the high school repurposing project on 6/10/24, 9/4/24 and 10/29/24, as well as composed, printed and distributed information mailers to all rochester mail recipients. - worked with the vermont department of environmental conservation to complete the environmental assessment of the high school property, specifically phase 1 and phase 2 of the brella assessment protocol; certificate of completion reported out on 4/16/24. - negotiated agreement with the rochester stockbridge unified school district to lease space in the former high school, allowing the adjacent rochester elementary school to expand its creative arts curriculum, using the art room, music room, auditorium and eventually the shops. - completed mitigation of 100 year floodplain hazard by installation of two flood doors on the high school building. - activated the new non-profit entity valley hub, inc., with initial board of directors and officers, who then adopted the bylaws and mission statement. - inventoried high school building contents and began collaboration with the school district superintendent for disposition of the contents. - won 2.3 million congressionally directed spending award for the project, on behalf of the town. - won 10,000 planning grant extension for the town to conduct further architectural investigation of design options and costs estimates for renovation. - project was approved for waiver of historic preservation requirements by vermont department of housing and community development - worked with two rivers to enable town to issue grant-compliant rfp to list of architectural firms; assessed responses and recommended winner to town of rochester, which was selected. - obtained signed mous from 7 prospective tenants to lease finished space in the repurposed high school building.

Form 990, Part IX, Line 11G

CONSULTING 1,080 0 0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROCHESTER HIGH SCHOOL REPURPOSING PROJECT - THE GOAL OF THIS PROJECT IS TO SUPPORT THE ADAPTIVE REUSE OF THE HIGH SCHOOL BUILDING AS A SELF-SUSTAINING COMMUNITY RESOURCE. IT WILL HOUSE A VARIETY OF COMMUNITY SERVICES, INCLUDING CHILDCARE, ADULT AND YOUTH EDUCATION, HEALTHCARE SERVICES, SENIOR SERVICES, ARTS PROGRAMS, A MAKER SPACE, RECREATION AND COMMERCIAL RENTALS. THE HIGH SCHOOL PROPERTY WAS OWNED BY THE ROCHESTER STOCKBRIDGE UNIFIED SCHOOL DISTRICT (RSUD) DURING ALL OF 2024.VALLEY HUB, INC (VHI) WORKED TO FACILITATE SALE OF THE HIGH SCHOOL TO THE TOWN OF ROCHESTER FOR FUTURE DEVELOPMENT INTO THE MULTIPURPOSE COMMUNITY CENTER, PLANNED FOR 2025. THIS WORK, CONDUCTED BY VHI VOLUNTEERS, INCLUDED PREPARING GRANTS FOR THE TOWN AND ORGANIZING COMPLIANCE REVIEWS WITH ENVIRONMENTAL AND OTHER APPLICABLE REGULATIONS. RSUD PLANNED TO RENT SPACE FROM THE TOWN IN THE HIGH SCHOOL. VHI IS NOT A PARTY TO THE LEASE. 2024 PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE THE FOLLOWING - - HELD PUBLIC INFORMATION MEETINGS ABOUT THE HIGH SCHOOL REPURPOSING PROJECT ON 6/10/24, 9/4/24 AND 10/29/24, AS WELL AS COMPOSED, PRINTED AND DISTRIBUTED INFORMATION MAILERS TO ALL ROCHESTER MAIL RECIPIENTS. - WORKED WITH THE VERMONT DEPARTMENT OF ENVIRONMENTAL CONSERVATION TO COMPLETE THE ENVIRONMENTAL ASSESSMENT OF THE HIGH SCHOOL PROPERTY, SPECIFICALLY PHASE 1 AND PHASE 2 OF THE BRELLA ASSESSMENT PROTOCOL; CERTIFICATE OF COMPLETION REPORTED OUT ON 4/16/24. - NEGOTIATED AGREEMENT WITH THE ROCHESTER STOCKBRIDGE UNIFIED SCHOOL DISTRICT TO LEASE SPACE IN THE FORMER HIGH SCHOOL, ALLOWING THE ADJACENT ROCHESTER ELEMENTARY SCHOOL TO EXPAND ITS CREATIVE ARTS CURRICULUM, USING THE ART ROOM, MUSIC ROOM, AUDITORIUM AND EVENTUALLY THE SHOPS. - COMPLETED MITIGATION OF 100 YEAR FLOODPLAIN HAZARD BY INSTALLATION OF TWO FLOOD DOORS ON THE HIGH SCHOOL BUILDING. - ACTIVATED THE NEW NON-PROFIT ENTITY VALLEY HUB, INC., WITH INITIAL BOARD OF DIRECTORS AND OFFICERS, WHO THEN ADOPTED THE BYLAWS AND MISSION STATEMENT. - INVENTORIED HIGH SCHOOL BUILDING CONTENTS AND BEGAN COLLABORATION WITH THE SCHOOL DISTRICT SUPERINTENDENT FOR DISPOSITION OF THE CONTENTS. - WON 2.3 MILLION CONGRESSIONALLY DIRECTED SPENDING AWARD FOR THE PROJECT, ON BEHALF OF THE TOWN. - WON 10,000 PLANNING GRANT EXTENSION FOR THE TOWN TO CONDUCT FURTHER ARCHITECTURAL INVESTIGATION OF DESIGN OPTIONS AND COSTS ESTIMATES FOR RENOVATION. - PROJECT WAS APPROVED FOR WAIVER OF HISTORIC PRESERVATION REQUIREMENTS BY VERMONT DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT - WORKED WITH TWO RIVERS TO ENABLE TOWN TO ISSUE GRANT-COMPLIANT RFP TO LIST OF ARCHITECTURAL FIRMS; ASSESSED RESPONSES AND RECOMMENDED WINNER TO TOWN OF ROCHESTER, WHICH WAS SELECTED. - OBTAINED SIGNED MOUS FROM 7 PROSPECTIVE TENANTS TO LEASE FINISHED SPACE IN THE REPURPOSED HIGH SCHOOL BUILDING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS PROVIDED TO THE FULL BOARD FOR REVIEW PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING 1,080 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIN J PACKIE CPA
ReturnHeader/ReturnTs02025-11-11T11:56:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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