2021-09-02T12:01:01-07:00 2020-12-31 251743181 McGee Maruca & Assoc PC CPAs 3111 Banksville Rd Suite 200 Pittsburgh PA 15216 990 2020-01-01 251591350 Mon Valley Initiative MONV 4124644000 303-305 East Eighth Avenue Homestead PA 15120 Laura Zinski CEO 2021-09-02 true Laura Zinski 999009999 Leslie A McGee CPA P00803218 4123449006 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z Laura Zinski 303-305 East Eighth Avenue Homestead PA 15120 6168808 false X www.monvalleyinitiative.com X 1988 PA The Mon Valley Initiative is a grass-roots, regional community development corporation, organized to carry out its mission of Mon Valley Initiative strengthens the Mon Valley region by responsibly investing in our people and places" 11 11 24 135 0 2065724 3254508 369593 2105534 56002 75886 574427 629614 3065746 6065542 625264 710493 0 1149711 1222897 0 22155 1280490 1289564 3055465 3222954 10281 2842588 13069679 12722267 4564836 2484874 8504843 10237393 MON VALLEY INITIATIVE IS A REGIONAL COMMUNITY DEVELOPMENT CORPORATION REPRESENTING COMMUNITIES AND STAKEHOLDERS ALONG THE MONONGAHELA RIVER AND ITS TRIBUTARIES IN THREE SOUTHWESTERN PENNSYLVANIA COUNTIES. MVI IS ORGANIZED INTO THREE PROGRAM AREAS, TO BEST CARRY OUT ITS MISSION OF "MON VALLEY INITIATIVE STRENGHENS THE MON VALLEY REGION BY RESPONSIBLY INVESTING IN OUR PEOPLE AND PLACES". THE THREE PROGRAM AREAS ARE REAL ESTATE AND COMMUNITY DEVELOPMENT, HOUSING COUNSELING AND WORKFORCE DEVELOPMENT AND FINANCIAL COACHING. false false 1707717 Real Estate and Community Development The purpose of MVIs Real Estate & Community Development Program is to help rebuild the fabric of MVIs member communities, thereby stabilizing both the built environment and property values, maintaining the tax base, and promoting a culture of public safety and community confidence. MVI provides direct real estate development services through existing programs including Rehab for Resale (acquisition, renovation and resale of existing blighted and vacant properties), new construction housing in targeted areas, owner-occupied rehabs, residential rental development, the development of strategic commercial spaces in targeted business districts, and various complementary initiatives in community planning, zoning and marketing outreach. MVI and its locally-based partners have now completed construction or redevelopment or transfer of 625 units of housing, with another 57 units in various stages of development. The Community Outreach efforts undertaken through this program support and engage volunteers and partner organizations to build connections and gather vital guidance and feedback, ensuring the MVI remains deeply engaged at the local level. The program staff provide guidance to partner organizations, coordinate special events, and provide support to the other MVI program areas. MVIs work was supported by a volunteer base of approximately 135 individuals in 2020. 901899 Housing Counseling The Mon Valley Initiative National Intermediary is a HUD-approved national housing counseling intermediary that provides administrative services, housing counseling funding, and performance monitoring services to a national network of sub-grantee agencies. The agencies in turn provide eligible housing counseling services to participants in their local areas. During the 2020 HUD fiscal year, the agencies provided housing counseling to 9,806 households. MVIs Housing Counseling Program is a sub-grantee agency of The Mon Valley Initiative National Intermediary. The purpose of MVIs pre-purchase housing counseling program is to educate and assist individuals and families, with low and moderate incomes, in the process of obtaining an affordable mortgage to facilitate the purchase of a home. MVI provides credit and budget analyses, and HUD- and PHFA-approved housing counseling action plans to bring participants to mortgage-readiness. MVI also coordinates services with several other housing counseling agencies in our area. During 2020, MVIs Housing Counseling Program provided assistance to 594 participants and 226 of these participated in pre-purchase counseling services. Of those receiving pre-purchase counseling, 95 went on to become homeowners. 492188 Workforce Development and Financial Coaching The purpose of MVIs Workforce & Business Development program is to increase the income levels and financial self-sufficiency of local residents through effective career development services and financial coaching, assisting the unemployed and under-employed to advance. In addition to the assistance provided to participants, the team works with local employers to understand their human resource needs. MVI provides direct services to participants through basic career counseling, financial coaching, classroom work, seminars, and pre- and post-employment case management. MVI also works with Mon Valley employers to identify skill requirements and employment opportunities, and to make connections on behalf of MVIs participants. In addition to direct recruitment and job fairs, employers volunteer presenting in career exploration workshops and doing practice interviews with participants. In 2020, MVI served 517 participants (62% of whom were overcoming criminal background issues). Served is defined as meeting a program milestone: enrolled, completed the program, obtained employment, or maintained employment for at least six months. During the year, 217 participants enrolled in MVIs career development planning process, with 123 participants gaining employment. During the year, 45 different employers and trainers participated in Job Clubs and hired our participants. We are also pleased to report that 70 people were able to increase their net income. Because many of the participants in our communities are dealing criminal background issues, we continue to provide leadership in researching issues facing re-entrants and addressing them with our various constituents 3101804 true true false false false false false false false false true false false true true false true false false false false false false false true false false true false false false false false false false false false false false false false false false true false false false true 21 0 true 24 true false false false false false true true false 0 false false false false false false false X 11 11 false false false false true true false true true false false true true true true true true true false true true PA X X April HooverCFO 4124644000 303 - 305 East Eighth Avenue Homestead PA 15120 Laura Zinski CEO 40.00 0.00 X 112000 0 0 April Hoover CFO 40.00 0.00 X 75520 0 0 Sharon Alberts Board Member 1.00 0.00 X 0 0 0 Jebediah Feldman Board Member 1.00 0.00 X 0 0 0 Terry Ward Board Member 1.00 0.00 X 0 0 0 Mary Carol Kennedy Chair 2.00 0.00 X X 0 0 0 Barata Bey Board Member 1.00 0.00 X 0 0 0 Michael Tobias Board Member 1.00 0.00 X 0 0 0 Dale Bizub Secretary 2.00 0.00 X X 0 0 0 Barbara LaFace Board Member 1.00 0.00 X 0 0 0 Jane Flaherty Treasurer 2.00 0.00 X X 0 0 0 Joseph P Flynn Jr Vice Chair 2.00 0.00 X X 0 0 0 Richard Wallace Board Member 1.00 0.00 X 0 0 0 187520 1 false false false LGA Partners LP 1425 Forbes Avenue Suite 400 Pittsburgh PA 15219 Architecture 373397 Disaster Restoration Services 544 Fifth Street Ext Trafford PA 15085 Construction 1599349 Buchanan Ingersoll & Rooney PC 501 Grant Street Pittsburgh PA 15219 Legal 153411 3 912904 2341604 3254508 Construction Grants 1610157 1610157 Developer fees 495377 495377 2105534 57441 24915 32526 0 0 551093 551093 551093 551093 118886 100441 18445 18445 18445 21295 2825 18470 18470 0 0 Miscellaneous Income 60051 60051 60051 6065542 2760038 50996 X 710493 710493 0 0 0 187520 172247 12480 2793 0 915719 841135 60944 13640 0 16271 14946 1083 242 103387 94970 6878 1539 0 0 0 0 0 0 350035 345410 3779 846 0 79901 74445 4458 998 0 0 0 10401 9662 604 135 0 0 14684 13907 635 142 0 209086 207532 1270 284 123880 120817 2503 560 Utilities 161161 159908 1024 229 Other Apartment Expenses 131465 131465 Miscellaneous 83790 83325 380 85 Real Estate Taxes 79235 78437 652 146 45926 43105 2305 516 3222954 3101804 98995 22155 388180 315993 1054930 1942727 1261889 1404829 0 0 0 222499 219784 0 34005 14973 9124198 1399339 7521697 7724859 0 500 240489 0 0 2585979 858613 13069679 12722267 924538 1020058 3369371 1198411 270927 266405 4564836 2484874 X 8046422 9061786 458421 1175607 8504843 10237393 13069679 12722267 X 2842588 -1110038 X false true X true true true X 3792619 4848824 3697407 2458192 4883135 19680177 0 0 3792619 4848824 3697407 2458192 4883135 19680177 290040 19390137 44991 30478 29207 31479 32526 168681 0 61533 56766 47227 49586 60051 275163 20124021 2818651 0.96350 0.94710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 241016 241016 7187529 800668 6386861 1309232 227832 1081400 309914 302513 7401 76507 68326 8181 7724859 Construction in progress 704103 Houses held for resale 154510 858613 Line of Credit 163278 Security deposits 103127 266405 5042404 -1023138 -1023138 6065542 6065542 3383930 160976 160976 3222954 3222954 Part XII, Line 2d: Other expenses and losses per audited F/S Expenses on North East Housing Form 1065 $159877 Other $1099 false Annual Dinner 21295 21295 2825 21295 21295 2825 2825 18470 true CHANGE INC 3158 WEST STREET WEIRTON WV 26062 550629135 20825 0 HOUSING COUNSELING COMM PTNRS FOR AFFORD HOUSE 800 S Milwaukee Avenue Libertyville IL 60048 363086133 79628 0 HOUSING COUNSELING COMMUNITY ACTION PSHIP OF MERCER 75 S DOCK STREET SHARON PA 16146 251157381 26354 0 HOUSING COUNSELING FAIRMONT-MORGANTOWN HOUSING A 103 TWELFTH STREET FAIRMONT WV 26554 556011100 43387 0 HOUSING COUNSELING HOMEOWNER OPTIONS FOR MA ELDERS 87 HALE ST LOWELL MA 01851 042931627 33108 0 HOUSING COUNSELING HOMESIGHT 5117 RAINIER AVENUE SEATTLE WA 98118 943117253 135913 0 HOUSING COUNSELING HOUSING OPPORTUNITIES - FT WORTH 1065 WEST MAGNOLIA STREET STE B FORTH WORTH TX 76104 752578191 45000 0 HOUSING COUNSELING INTERFAITH COMMUNITY HOUSING DE 613 N WASHINGTON STREET WILMINGTON DE 19801 510298556 47885 0 HOUSING COUNSELING NEW KENSINGTON COMMUNITY DEVELOP 2513 FRANKFORD AVENUE PHILADELPHIA PA 19125 222610536 60434 0 HOUSING COUNSELING NORTH FORK HOUSING ALLIANCE INC 116 SOUTH STREET GREENPORT NY 11944 112627786 16756 0 HOUSING COUNSELING NW HOMESTART INC 27 W STEPHENSON FREEPORT IL 61032 364143938 19811 0 HOUSING COUNSELING THE NEIGHBOR PROJECT 32 S Broadway Aurora IL 60505 363753248 46078 0 HOUSING COUNSELING 9 3 Grantmaker's Description of How Grants are Used MVI is responsible for complying with the HUD Grant Agreement and all applicable laws, and is responsible for subgrantee compliance with applicable provisions of the Grant Agreement. MVI monitors subgrantee compliance, and takes appropriate actions to ensure subgrantee compliance with the Grant Agreement, the Subgrant Agreements, and all applicable laws. MVI has in place a quality control program that describes how MVI monitors subgrantee performance, and a HUD-approved Subgrantee Monitoring Policy. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder THE BOARD OF DIRECTORS IS COMPOSED OF MEMBERS. Form 990, Part VI, Line 11b: Form 990 Review Process MVI'S INDEPENDENT AUDITOR AND MANAGEMENT REVIEW FORM 990 IN DRAFT FORM WITH THE AUDIT COMMITTEE. MANAGEMENT THEN DISTRIBUTES THE DRAFT 990 TO THE BOARD OF DIRECTORS FOR REVIEW. ONCE THE 990 HAS BEEN REVIEWED BY THE BOARD, MANAGEMENT FILES FORM 990. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts MON VALLEY INITIATIVE'S BOARD HAS APPROVED A WRITTEN CONFLICT OF INTEREST POLICY THAT ADDRESSES CONFLICTS OF INTEREST AND DISCLOSURE REQUIREMENTS, AND ESTABLISHES ACCOUNTABILITIES FOR BOTH THE BOARD AND STAFF. MANAGEMENT IS OBLIGATED TO REVIEW THE POLICY WITH THE BOARD ON AN ANNUAL BASIS, AND TO REPORT ANY ISSUES AS THEY BECOME APPARENT. THE CEO AND CFO SHARE COMPLIANCE RESPONSIBILITIES (WITH THE CFO BEING DIRECTLY RESPONSIBLE FOR DAY-TO-DAY COMPLIANCE), AND THE AUDIT COMMITTEE AND BOARD SHARE OVERSIGHT RESPONSIBILITIES. MANAGERS MAKE REGULAR REPORTS TO BOTH OVERSIGHT BODIES. THE CONFLICT OF INTEREST POLICY COMPLEMENTS MVI'S EMPLOYEE HANDBOOK, WHICH ESTABLISHES STAFF MEMBER RESPONSIBILITIES WITH RESPECT TO CONFLICTS OF INTEREST. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE CEO SUBMITS A SUMMARY OF HER ACCOMPLISHMENTS FOR THE YEAR TO THE CHAIR OF MVIS BOARD OF DIRECTORS. THE CHAIR THEN REVIEWS THE ACCOMPLISHMENTS AND VARIOUS COMPARABILITY DATA WITH THE BOARD OF DIRECTORS, AND RECOMMENDS A COURSE OF ACTION. THE DIRECTORS, ALL OF WHOM ARE INDEPENDENT, DISCUSS THE RECOMMENDATION, AND AFTER DELIBERATION VOTE ON THE RECOMMENDATION. ALL DELIBERATIONS AND DECISIONS ARE CONTEMPORANEOUSLY SUBSTANTIATED IN THE MINUTES OF THE MEETING. MVIS CFO THEN REPORTS ON THE COMPENSATION REVIEW PROCESS FOR MVIS OTHER OFFICERS AND EMPLOYEES. THE BOARD PERIODICALLY REVIEWS AND APPROVES SALARY RANGES FOR ALL MVI POSITIONS, AS OFTEN AS APPROPRIATE.THE CFO'S COMPENSATION IS DETERMINED IN THE SAME MANNER AS THAT OF ALL OTHER STAFF MEMBERS WITH EXCEPTION OF THE CEO. MON VALLEY INITIATIVE USES A FORMAL, WRITTEN ANNUAL PERFORMANCE EVALUATION PROCESS FOR STAFF MEMBERS, AND SALARY ACTIONS ARE DETERMINED IN THE CONTEXT OF THE EVALUATIONS, RELATIVE PERFORMANCE LEVELS, APPROXIMATE PREVAILING MARKET PAY RATES, AND THE ORGANIZATION'S BUDGET FOR THE YEAR. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available MON VALLEY INITIATIVE (MVI) WILL POST ITS FORM 1023 AND ITS CURRENT 990 (EXCLUDING SCHEDULE B AND ANY OTHER CONFIDENTIAL SECTIONS) ON THE ORGANIZATION'S WEBSITE. MVI WILL ALSO MAKE FORM 1023 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST, AND WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AT MVI'S OFFICE.MON VALLEY INITIATIVE'S BOARD OF DIRECTORS CHARTERED AN AUDIT COMMITTEE IN 2008, WITH SPECIFIC POWERS AND DUTIES RELATING TO MVI'S INDEPENDENT AUDIT PROGRAM AND INTERNAL CONTROL PROGRAM. THE COMMITTEE MEETS ON A REGULAR BASIS, AND PROVIDES ACTIVE OVERSIGHT TO MVI'S FINANCIAL AND COMPLIANCE ACTIVITES. THE COMMITTEE IS DIRECTLY AND SOLELY RESPONSIBLE FOR THE APPOINTMENT AND DISMISSAL, EVALUATION, COMPENSATION, AND OVERSIGHT OF MVI'S INDEPENDENT AUDITOR. Other Changes In Net Assets Or Fund Balances - Other Decreases Adjustment for Real Estate Carrying Value = -$1081938 Other Changes In Net Assets Or Fund Balances - Other Decreases Loan Loss Provision = -$28100 North East Housing Associates 305 E 8th Ave Homestead PA 15120 251900465 Real Estate PA MVI -72247 -164673 false false 0.99000 North East Housing Corporation 303 East Eighth Avenue Homestead PA 15120 331034172 Real Estate PA MVI C corp -730 -1663 1.00000 false false false false false false false false false false false false false false false false false false false false