Valley Community Development Corporation
Donations deductibleRevenue
$2.5m
year to 31 December 2024
Expenses
$1.6m
year to 31 December 2024
Total assets
$40.2m
$30.9m liabilities
Net assets
$9.3m
assets less liabilities
Directors and trustees
13
5.2 years on average
Staff
12
employees, year to 31 December 2024
Left since last filing
2
15% of the board
Officers and senior staff
5
named in Part VII
Valley Community Development Corporation's network
13 people5 organisationsi13 people and 5 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (13). Violet dotted lines (5) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
13 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 11 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Bill Fontes | Director | 2023 | 3 yrs |
| Carol Walker | Director | 2018 | 8 yrs |
| Dorothy Nemetz | President | 2020 | 6 yrs |
| Dr Leslie Saulsberry | Director | 2023 | 3 yrs |
| Emily Laufler | Director | 2023 | 3 yrs |
| Greg Richane | Clerk | 2018 | 8 yrs |
| Hugh Heisler | Director | 2024 | 2 yrs |
| Kim Alston | Vice President | 2019 | 7 yrs |
| Kristen Mara | Director | 2024 | 2 yrs |
| Richard Abbott | Treasurer | 2018 | 8 yrs |
| Sophie Chambers | Director | 2024 | 2 yrs |
| Tasha Sams | Director | 2024 | 2 yrs |
| Theresa Lavalley | Director | 2018 | 8 yrs |
Officers and senior leadership
5 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Alexis Breiteneicher | Executive Director | 2023 |
| Jane Loechler | Executive Director | 2021 |
| Joanne Campbell | Executive Director | since 2018 |
| Kelly Rose | Fiscal Director | since 2020 |
| Richard Ochs | Chief Financial Officer | 2018 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Richard Abbott | Treasurer | 1.25 | $0 | ||
| Kim Alston | Vice President | 1 | $0 | ||
| Greg Richane | Clerk | 1 | $0 | ||
| Dorothy Nemetz | President | 1 | $0 | ||
| Hugh Heisler | Director | 0.5 | $0 | ||
| Bill Fontes | Director | 0.5 | $0 | ||
| Carol Walker | Director | 0.5 | $0 | ||
| Tasha Sams | Director | 0.5 | $0 | ||
| Emily Laufler | Director | 0.25 | $0 | ||
| Dr Leslie Saulsberry | Director | 0.5 | $0 | ||
| Sophie Chambers | Director | 0.5 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Valley Community Development Corporation
- EIN
- 222906466
- Address
- 256 Pleasant St Ste A, Northampton, MA, 01060-5211
- State
- Massachusetts
- Mission
- Valley community development seeks to empower low and moderate income people and underserved populations. We accomplish these goals by focusing on three areas of community development; homeownership support including first-time homebuyer workshops and foreclosure prevention counseling; creating affordable housing; and small business development. (as filed on the Form 990)
- Activity (NTEE)
- L30Z Housing and shelter
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Housing & Shelter
- Size band
- 8 (IRS master file code)
- Formed
- 1988
- Principal officer
- Liz Sullivan (as named on the Form 990)
- IRS ruling date
- 1 May 1989
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥8years on the filingsCarol Walker
≥8years on the filingsGreg Richane
≥8years on the filingsRichard Abbott
≥8years on the filingsTheresa Lavalley
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $40.2m
- Total liabilities
- $30.9m
- Net assets or fund balances
- $9.3m
- Contributions and grants received
- $1.9m
- Program service revenue
- $0
- Employees
- 12
Filed finances
2 yearsiTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $2.5m | $1.6m | $921k |
| 2023 | $5m | $2.9m | $2m |
As filed on the IRS Form 990. US dollars.