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THE VALLEY RURAL HOUSING CORPORATION

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Tax-exempt status may be revoked

THE VALLEY RURAL HOUSING CORPORATION

EIN 14-1758686 · Health Care (E)

What they do

NEIGHBORHOOD IMPROVEMENT and PRESERVATION PROGRAMS, DESIGNED for LOW and MODERATE INCOME FAMILIES and INDIVIDUALS to AFFORD QUALITY HOUSING and DEVELOPMENT.

Before you give

Should I give to this charity?

Easy charity check
Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2020The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders5 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

87.99%of revenue went to mission work81.5% of expenses · Program services
4.93%of revenue went to fundraising4.6% of expenses
$22.00spent for every $100 of revenueRevenue covered expenses this year.
15.10%of revenue went to management and office costs14.0% of expenses

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Pay context: The highest compensation shown in this filing is $500 for JEFFREY LAZAROU (EXECUTIVE DIR.). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2020

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$88,305
Mission workProgram services$77,70187.99% of revenue81.5% of expenses
ManagementOffice and general costs$13,33415.10% of revenue14.0% of expenses
FundraisingAsking for donations$4,3574.93% of revenue4.6% of expenses
Total expenses$95,392108.03% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$9,000
Expenses$1,980
Annual surplus $7,020 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$77,701 · 3,924.3% of expenses
This source amount exceeds total expenses; compare the filing details carefully.
Management and office costs$13,334 · 673.4% of expenses
This source amount exceeds total expenses; compare the filing details carefully.
Fundraising$4,357 · 220.1% of expenses
This source amount exceeds total expenses; compare the filing details carefully.
See all reported dollar amounts
Revenue$9,000
Expenses$1,980
Mission work (program services)$77,701
Fundraising$4,357
People

Leadership and board

Tax year 2020

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JEFFREY LAZAROUEXECUTIVE DIR. · 10 hrs/week $500

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (5)

JEFFREY LAZAROUEXECUTIVE DIR.

JOHN BOTTISTITREASURER

MELODIE SWANSONSECRETARY

WILKIE PLATTVICE PRESIDENT

WILLIAM AUSTINPRESIDENT

About this charity

Recognized since
July 1994
Location
178 CLIZBE AVE, AMSTERDAM, NY 12010
County
Montgomery
In care of
JEFFREY LAZAROU
Primary officer
JEFFREY LAZAROU, Executive Dir.

How to reach them

Filing and classification

Latest tax year
2020
Tax period began
July 1, 2020
Return type
990EZ
Tax preparer
SPAGNOLA & SPAGNOLA ACCOUNTING FIRM LLC
NTEE classification
Health Care (E)
IRS tax category
Health Care
Revocation date
November 15, 2024

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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