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Valley Initiative For Development And Advancement
Community Development · Mercedes, Texas
417 S Ohio Ave, Mercedes, TX 78570-3100
EIN: 742768931· Founded: Sep 1996· 30 years active· Filing Year: 2023
Annual Revenue
$3.3M
Total Expenses
$3.0M
Total Assets
$2.7M
Program Spending
4%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$153K
5.0% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$499K
Total Payroll
$652K
21% of total expenses
Where the Money Goes
4%
Programs: 4%
Payroll: 21%
Other overhead: 96%
Program Revenue$119K (4%)
Total Expenses$3.0M (91%)
Payroll$652K (21%)
Overhead (non-program)96%
Trust Score Breakdown
Program Spending Ratio
4% of expenses go to programs
Revenue & Stability
$3.3M annual revenue
Executive Compensation
$153K total officer comp (5.0% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$2.7M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.