IRS 990 Nonprofit Profile
Valley Development Initiatives
The principal purpose of this corporation shall be to act as an intermediary borrower/relender within the scope of certain "intermediary relending programs" established by the u.S. department of agriculture, rural development, and the u.S. small business administration; as a lender of other public funds such as those made available under the rural business enterprise grant program established by rural development and funds that may be derived from other public agencies to accomplish similar goals, and provide affordable housing that is decent, safe, and sanitary for low-income families, to carry out a neighborhood revitalization or community economic development, and to contract with an appropriate political subdivision ("a public body" as defined in ors 30.620) of the state of oregon to administer such program in the name of this corporation.
- Filing year
- 2023
- Total revenue
- $353K
- Total expenses
- $418K
- Program expenses
- $392K
- Administration
- $27K
- Fundraising
- $0
- Program share of expenses
- 94%
- EIN
- 931138243
- Location
- Salem, OR
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Financial data on this page is sourced from IRS Form 990 filings.