2025-08-19T12:50:47-04:00 2024-12-31 871456824 HENNESSY BLOTZER LLC 2539 WASHINGTON ROAD SUITE 1020-D PITTSBURGH PA 15241 990 2024-01-01 251591350 MON VALLEY INITIATIVE MONV 4124644000 305 E 8TH AVE HOMESTEAD PA 15120 LAURA ZINSKI CEO 4124644000 2025-08-11 true true CORY T BLOTZER CPA P01990713 4129304224 2025-08-11 2024 2025-03-06 01:10:19Z LAURA ZINSKI 305-305 EAST EIGHTH AVENUE HOMESTEAD PA 15120 5068635 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" 10 10 29 135 0 11503624 1815810 2831921 2266456 31395 405224 626208 552645 14993148 5040135 401570 465124 0 1314837 1579794 0 8387 3943701 2698905 5660108 4743823 9333040 296312 22726082 22832294 2070473 1528250 20655609 21304044 X MON VALLEY INITIATIVE IS A REGIONAL COMMUNITY DEVELOPMENT COPORATION REPRESENTING COMMUNITIES AND STAKEHOLDERS ALONG THE MONOGAHELA 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 STRENGTHENS 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 3130384 REAL ESTATE DEVELOPMENT: THE PURPOSE OF MVI'S REAL ESTATE DEVELOPMENT PROGRAM IS TO HELP REBUILD THE FABRIC OF MVI'S 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, REDEVELOPMENT OR FACILITATED THE TRANSFER OF 675 UNITS OF HOUSING, WITH 8 UNITS UNDER CONSTRUCTION AND 12 UNITS IN PREDEVELOPMENT. 130580 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 2024 HUD FISCAL YEAR, THE AGENCIES PROVIDED HOUSING COUNSELING TO 7,122 HOUSEHOLDS. MVI'S HOUSING COUNSELING PROGRAM IS A SUB-GRANTEE AGENCY OF THE MON VALLEY INITIATIVE NATIONAL INTERMEDIARY. THE PURPOSE OF MVI'S 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 2024, MVI'S HOUSING COUNSELING PROGRAM PROVIDED ASSISTANCE TO 111 PARTICIPANTS THROUGH PRE-PURCHASE HOUSING COUNSELING. OF THOSE RECEIVING PRE-PURCHASE COUNSELING, 37 WENT ON TO BECOME HOMEOWNERS. 403573 COMMUNITY DEVELOPMENT: THE COMMUNITY DEVELOPMENT AND OUTREACH EFFORTS UNDERTAKEN THROUGH THIS PROGRAM SUPPORT AND ENGAGE VOLUNTEERS, PARTNER ORGANIZATIONS, COMMUNITY RESIDENTS AND STAKEHOLDERS 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. MVI'S WORK WAS SUPPORTED BY A VOLUNTEER BASE OF APPROXIMATELY 135 INDIVIDUALS IN 2024. 807896 465124 WORKFORCE DEVELOPMENT AND FINANCIAL COACHING: THE PURPOSE OF MVI'S WORKFORCE DEVELOPMENT AND FINANCIAL COACHING 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 MVI'S PARTICIPANTS. IN ADDITION TO DIRECT RECRUITMENT AND JOB FAIRS, EMPLOYERS VOLUNTEER PRESENTING IN CAREER EXPLORATION WORKSHOPS AND DOING PRACTICE INTERVIEWS WITH PARTICIPANTS. IN 2024, MVI SERVED 328 PARTICIPANTS. "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, 224 PARTICIPANTS ENROLLED IN MVI'S CAREER DEVELOPMENT PLANNING PROCESS, 44% OF WHICH GAINED EMPLOYMENT. DURING THE YEAR, 55 UNIQUE EMPLOYERS HIRED MVI PARTICIPANTS. OF THOSE SERVED, 95% CONTINUED WITH MVI'S ONE-ON-ONE FINANCIAL COACHING PROGRAM. 807896 465124 4472433 true true false false false false false false false true true false false false 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 36 0 true 29 true false false false false false true true false false false false false false false false X 10 10 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 HOOVER 4124644000 303-305 EAST EIGHTH AVENUE HOMESTEAD PA 15120 LAURA ZINSKI CEO 40.00 0.00 X 125000 0 0 APRIL HOOVER CFO 40.00 0.00 X 93127 0 0 GODFREY BETHEA BOARD MEMBER 1.00 0.00 X 0 0 0 BARATA BEY CHAIRMAN 2.00 0.00 X X 0 0 0 DALE BIZUB BOARD MEMBER 1.00 0.00 X 0 0 0 LINDSEY COY BOARD MEMBER 1.00 0.00 X 0 0 0 JEBEDIAH FELDMAN BOARD MEMBER 1.00 0.00 X 0 0 0 JANE FLAHERTY VICE CHAIR 2.00 0.00 X X 0 0 0 MONET HAM BOARD MEMBER 1.00 0.00 X 0 0 0 MARY CAROL KENNEDY TREASURER 2.00 0.00 X X 0 0 0 BARBARA LAFACE BOARD MEMBER 1.00 0.00 X 0 0 0 TYLER REEDER BOARD MEMBER 1.00 0.00 X 0 0 0 RICHARD WALLACE BOARD MEMBER 1.00 0.00 X 0 0 0 TERRY WARD SECRETARY 2.00 0.00 X X 0 0 0 218127 1 false false false DIASTER RESTORATION SERVICES INC 544 5TH ST EXT TRAFFORD PA 15085 CONSTRUCTION 1481477 D&M HEATING & COOLING INC 835 ANDERSON STREET NEW KENSINGTON PA 15068 CONSTRUCTION 497554 2 730077 1085733 1815810 CONSTRUCTION GRANTS 1829622 1829622 DEVELOPER FEE 340517 340517 PROGRAM SERVICE 96317 96317 2266456 405224 569 404655 468274 468274 468274 468274 32680 28500 4180 4180 MISCELLANEOUS INCOME 80191 80191 80191 5040135 2815490 408835 465124 465124 218127 187065 30102 960 1222468 1048388 168701 5379 18907 16215 2609 83 120292 103163 16600 529 221858 217878 3857 123 15494 13324 2103 67 127212 111245 15474 493 18858 16173 2602 83 10160 9237 894 29 297766 294238 3419 109 146444 140460 5799 185 PROGRAM DEVELOPMENT 1281883 1281883 UTILITIES 226081 223482 2519 80 OTHER APARTMENT EXPENSES 205755 205755 REAL ESTATE TAXES 79976 78393 1534 49 67418 60410 6790 218 4743823 4472433 263003 8387 514982 683516 5977806 5051222 1370622 911031 124078 135872 4397 3366 14140 3956 11596399 2424847 8725108 9171552 5891348 6381269 103601 490510 22726082 22832294 1018875 936665 596290 522003 455308 69582 2070473 1528250 X 9282407 11623435 11373202 9680609 20655609 21304044 22726082 22832294 X 296312 397252 -40177 -4952 X false true X true true true X 4883135 5972879 5119344 14087579 1815810 31878747 4883135 5972879 5119344 14087579 1815810 31878747 31878747 32526 35121 61337 154663 404655 688302 60051 82937 103713 53175 32680 332556 32899605 2815490 0.96900 0.98000 X PART II, LINE 10 299,876 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5201421 505674 278963 5428132 5000000 451421 250000 5201421 1.00000 false false 403315 403315 8482682 1574882 6907800 2153329 454066 1699263 462456 319678 142778 94617 76221 18396 9171552 SECURITY DEPOSITS 69582 69582 5392258 397252 -4952 392300 4999958 40177 40177 5040135 4703646 4703646 40177 40177 4743823 SCHEDULE D, PAGE 4, PART XI, LINE 2D ADJ. FOR REAL ESTATE CARRYING VALUE -4,952 ANNUAL DINNER 32680 32680 28500 32680 32680 28500 28500 4180 false COMMUNITY ACTION PSHIP OF MER 75 S DOCK STREET SHARON PA 16146 251157381 5921 HOUSING CONSELING HOUSING OPPORTUNITIES - FT WORTH 1065 WEST MAGNOLIA STREET ST FORT WORTH TX 76104 752578191 38308 INTERFAITH COMMUNITY HOUSING 613 N WASHINGTON STREET WILMINGTON DE 19801 510298556 26169 NORTH FOLK HOUSING ALLIANCE 116 SOUTH STREET GREENPORT NY 11944 112627786 15000 FAIRMONT-MORGANTOWN HOUSING A 103 TWELFTH STREET FAIRMONT WV 26554 556011100 30000 COMM PTNRS FOR AFFORD HOUSE 800 S MILWAUKEE AVENUE LIBERTYVILLE IL 60048 363086133 54774 THE NEIGHBOR PROJECT 32 S BROADWAY AURORA IL 60505 363753248 37929 CHANGE INC 3158 WEST STREET WEIRTON WV 26062 550629135 8852 248171 SCHEDULE I, PAGE 1, PART I, LINE 2 MVI IS RESPONSIBLE FOR COMPLYING WITH THE HUD GRANT AGREEMENT AND ALL APPLICABLE LAWS, AND IS RESPONSIBLE FOR 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 - ORGANIZATION'S MISSION MON VALLEY INITIATIVE IS A REGIONAL COMMUNITY DEVELOPMENT COPORATION REPRESENTING COMMUNITIES AND STAKEHOLDERS ALONG THE MONOGAHELA 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 STRENGTHENS 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. FORM 990, PAGE 2, PART III, LINE 4A REAL ESTATE DEVELOPMENT: THE PURPOSE OF MVI'S REAL ESTATE DEVELOPMENT PROGRAM IS TO HELP REBUILD THE FABRIC OF MVI'S 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, REDEVELOPMENT OR FACILITATED THE TRANSFER OF 675 UNITS OF HOUSING, WITH 8 UNITS UNDER CONSTRUCTION AND 12 UNITS IN PREDEVELOPMENT. FORM 990, PAGE 2, PART III, LINE 4B 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 2024 HUD FISCAL YEAR, THE AGENCIES PROVIDED HOUSING COUNSELING TO 7,122 HOUSEHOLDS. MVI'S HOUSING COUNSELING PROGRAM IS A SUB-GRANTEE AGENCY OF THE MON VALLEY INITIATIVE NATIONAL INTERMEDIARY. THE PURPOSE OF MVI'S 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 2024, MVI'S HOUSING COUNSELING PROGRAM PROVIDED ASSISTANCE TO 111 PARTICIPANTS THROUGH PRE-PURCHASE HOUSING COUNSELING. OF THOSE RECEIVING PRE-PURCHASE COUNSELING, 37 WENT ON TO BECOME HOMEOWNERS. FORM 990, PAGE 2, PART III, LINE 4D WORKFORCE DEVELOPMENT AND FINANCIAL COACHING: THE PURPOSE OF MVI'S WORKFORCE DEVELOPMENT AND FINANCIAL COACHING 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 MVI'S PARTICIPANTS. IN ADDITION TO DIRECT RECRUITMENT AND JOB FAIRS, EMPLOYERS VOLUNTEER PRESENTING IN CAREER EXPLORATION WORKSHOPS AND DOING PRACTICE INTERVIEWS WITH PARTICIPANTS. IN 2024, MVI SERVED 328 PARTICIPANTS. "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, 224 PARTICIPANTS ENROLLED IN MVI'S CAREER DEVELOPMENT PLANNING PROCESS, 44% OF WHICH GAINED EMPLOYMENT. DURING THE YEAR, 55 UNIQUE EMPLOYERS HIRED MVI PARTICIPANTS. OF THOSE SERVED, 95% CONTINUED WITH MVI'S ONE-ON-ONE FINANCIAL COACHING PROGRAM. FORM 990, PAGE 6, PART VI, LINE 6 THE BOARD OF DIRECTORS IS COMPOSED OF MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS VOTE ON THE ELECTION OF DIRECTORS AND OFFICERS TO THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B MVI'S INDEPENDENT AUDITOR AND MANGEMENT 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, PAGE 6, PART VI, LINE 12C 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, PAGE 6, PART VI, LINE 15A THE CEO SUBMITS A SUMMARY OF HER ACCOMPLISHMENTS FOR THE YEAR TO THE CHAIR OF MVI'S BOARD OF DIRECTORS. THE CHAIR THEN REVIEWS TE ACCOMPLISHMENTS AND VARIOUS COMPARABILITY DATA WITH THE BOARD OF DIRECTORS, AND RECOMMENDS A COURSE OF ACTION. THE DIRECTORS, ALL 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. MVI'S CFO THEN REPORTS ON THE COMPENSATION REVIEW PROCESS FOR MVI'S 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 INTIATIVE 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, PAGE 6, PART VI, LINE 19 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 RELATED 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 ACTIVITIES. THE COMMITTEE IS DIRECTLY AND SOLELY RESPONSIBLE FOR THE APPOINTMENT AND DISMISSAL, EVALUATION, COMPENSATION, AND OVERSIGHT OF MVI'S INDEPENDENT AUDITOR. FORM 990, PART XI, LINE 9 ADJ. FOR REAL ESTATE CARRYING VALUE -4,952 NORTH EAST HOUSING ASSOCIATES 305 E 8TH AVE HOMESTEAD PA 15120 251900465 REAL ESTAT PA MVI false false 0.99000 EAST BRADDOCK HOUSING DEVELOPMENT L 305 E 8TH AVE HOMESTEAD PA 15120 205835108 REAL ESTAT PA MVI false false 0.99990 NORTH EAST HOUSING CORPORATION 305 E 8TH AVE HOMESTEAD PA 15120 331034172 REAL ESTAT PA MVI C CORP 1.00000 false EAST BRADDOCK HOUSING DEVELOPMENT 305 E 8TH AVE HOMESTEAD PA 15120 208541490 REAL ESTAT PA MVI C CORP 1.00000 false false false false false false false false false false false false false false false false false false false false