VALLEY OPPORTUNITY COUNCIL INC

CHICOPEE, MA, 01013-4113 (413) 552-1554 Est. 1980 EIN 04-2692763

P20— Human Services Form 990 501(c)(3)

WWW.VALLEYOPP.COM

Mission

ELIMINATING POVERTY BY PROVIDING THE OPPORTUNITY FOR OUR LOW AND MODERATE INCOME NEIGHBORS, FAMILIES, AND FRIENDS IN THE GREATER HAMPDEN COUNTY AREA TO ACHIEVE GREATER INDEPENDENCE AND A HIGHER QUALITY OF LIFE.

Financials

Total Revenue

$71,434,443

Total Expenses

$66,889,727

Net Assets

$18,686,358

483 employees 93 volunteers

From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve

3.4 months Adequate

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 15.4%

Expenses ↑ 12.8%

Revenue Sources

Contributions 0.1% Earned revenue 99.1% Investment 0.2% Other 1.0%

Expense Breakdown

Program 96.8% Management 3.2%

Officers & Key Employees (24)

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Grants Received (341)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2023 Form 990	$71,434,443 ↑	$66,889,727	$18,686,358
2022 Form 990	$61,922,868 ↑	$59,303,533	$14,132,819
2021 Form 990	$49,579,644 ↑	$46,933,757	$11,526,144
2020 Form 990	$32,747,083 ↓	$32,274,730	$8,884,785
2019 Form 990	$34,258,296 ↑	$33,153,451	$8,387,259
2017 Form 990	$32,500,586	$32,341,986	$6,545,896