VALLEY DEVELOPMENT INITIATIVES
100 HIGH STREET SE NO 200, SALEM, OR 97301

Total Revenue
$296,477
Total Expenses
$353,421
Net Assets
$5,909,293

Organizations Filed Purposes: 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.

PROVIDED LOANS TO SMALL BUSINESSES LOCATED IN RURAL COMMUNITIES OF CLACKAMAS, MARION, POLK, AND YAMHILL COUNTIES IN OREGON. NO LOANS WERE MADE DURING THE FISCAL YEAR AND AS OF JUNE 30, 2019, 24 LOANS WERE OUTSTANDING.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Renata ChmielowskiPROGRAM DIRECTOR2$0
Tom PessemierDIRECTOR1$0
Truman StoneDIRECTOR1$0
Ray TeasleyDIRECTOR1$0
David ClyneDIRECTOR THROUGH DECEMBER 20181$0
Nancie RogersDIRECTOR1$0
Sam BrentanoDIRECTOR1$0
Laurel LukeshSECRETARY1$0
Derik MunnsVICE PRESIDENT1$0
Kevin JoycePRESIDENT1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202031329349301023_public.xml