Valley Restoration Local Development Corporation in New York, New York (NY)
Table of contents:
| Valley Restoration Local Development Corporation | |
| Employer Identification Number (EIN) | 133008492 |
| Name of Organization | Valley Restoration Local Development Corporation |
| Address | 949 Amsterdam Ave, New York, NY 10025-3075 |
| Activities | Loans or grants for minority businesses |
| Subsection | Charitable Organization |
| Ruling Date | 10/1980 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $68,849 |
| Amount of Income | $152,237 |
| Form 990 Revenue Amount | $142,181 |
Non-representatives - add comments:
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $141,387 | $150,939 | $142,181 |
| Contributions, gifts, grants, and similar amounts received | $24,000 | $20,000 | $25,000 |
| Program service revenue including government fees and contracts | $117,271 | $117,012 | $117,237 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $116 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $-53 | $-56 |
| Gross amount from sale of assets other than inventory | $0 | $10,000 | $10,000 |
| Less: cost or other basis and sales expenses | $0 | $10,053 | $10,056 |
| Net income/loss from gaming and fundraising events | $0 | $13,980 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $162,369 | $163,493 | $169,589 |
| Total net assets | $107,811 | $95,257 | $67,849 |
| Excess/Deficit for the year | $-20,982 | $-12,554 | $-27,408 |
| Net assets or fund balances at beginning of year | $128,793 | $107,811 | $95,257 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $95,257 | $67,849 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $109,701 | $96,084 | $68,849 |
| Total liabilities | $1,890 | $827 | $1,000 |
| Net assets or fund balances | $107,811 | $95,257 | $67,849 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $690,566 |
| Subtotal | $690,566 |
| Gifts, grants, contributions, and membership fees received | $116,600 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $573,966 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $691,122 |
| Public support | $690,566 |
| Subtotal | $556 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $556 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Other organizations in New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Valeria E Hoffert Scholarship Trust | 1100 Wehrle Drive 2nd Floor, Buffalo, NY 14221-7748 | NY | 1994-05 | $486,114 |
| 2 | Valerie And Jeffrey S Wilpon Foundation | 111 Great Neck Rd Ste 408, Great Neck, NY 11021-5404 | NY | 2001-08 | $2,067 |
| 3 | Valerie-Charles Diker Fund Inc | 730 5th Ave Fl 15, New York, NY 10019-4105 | NY | 1961-03 | $1,147,790 |
| 4 | Valhalla Schools Foundation Inc | PO BOX 91, Valhalla, NY 10595 | NY | 2001-07 | $42,617 |
| 5 | Valhalla Teachers Assn Benefit Fund, Phelan Tom Ttee | 300 Columbus Ave, Valhalla, NY 10595-1333 | NY | 2001-02 | $412,310 |
| 6 | Valicenti Family Foundation Inc | 400 E Water St, Elmira, NY 14901-3411 | NY | 2007-09 | $49,715 |
| 7 | Valley Central Scholarship Council | 1175 State Route 17k, Montgomery, NY 12549-2210 | NY | 1977-04 | $34,454 |
| 8 | Valley Central Teachers Association Bebefit Fund | C/O Lisa Coney 1187 Route 17 K, Montgomery, NY 12549 | NY | 1988-04 | $781,683 |
| 9 | Valley Central Youth Football And Cheerleading Inc | 812 Tower Ave, Maybrook, NY 12543-1326 | NY | 2003-04 | $37,686 |
| 10 | Valley Falls Free Library | 42 State Street, Valley Falls, NY 12185 | NY | 1998-11 | $0 |
| 11 | Valley Restoration Local Development Corporation | 949 Amsterdam Ave, New York, NY 10025-3075 | NY | 1980-10 | $152,237 |
| 12 | Valley Rural Housing Corporation | 41 Market Street, Amsterdam, NY 12010-4435 | NY | 1994-07 | $60,624 |
| 13 | Valley School Foundation | 4961 Dyke Rd, Beaver Dams, NY 14812-9646 | NY | 2009-04 | $1 |
| 14 | Valley Snow Travelers Of Lewis County Inc | 7491 State Route 12, Lowville, NY 13367-2814 | NY | 1993-02 | $57,660 |
| 15 | Valley Soaring Club Inc | PO BOX 3062, Middletown, NY 10940-0659 | NY | 1997-05 | $80,457 |
| 16 | Valley Stream Boulevard Corp | 201 W Valley Stream Blvd, Valley Stream, NY 11580-5538 | NY | 1989-05 | $151,579 |
| 17 | Valley Stream Teachers Association Welfare Fund | 33 E Merrick Rd, Valley Stream, NY 11580-5814 | NY | 1978-03 | $1,142,679 |
| 18 | Valley View Cemetery Association Of Ticonderoga N Y Inc | C/O Howard Rathbun 12 Carillon Road, Ticonderoga, NY 12883 | NY | 1947-01 | $359,057 |
| 19 | Valley Youth Hockey Association Inc | PO BOX 15494, Syracuse, NY 13215-0494 | NY | 2002-12 | $127,286 |
| 20 | Valliere Foundation | 630 Fifth Ave, New York, NY 10111-0100 | NY | 1998-11 | $950,041 |
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