Valley Initiative for Affordable Housing
Valley Initiative for Affordable Housing is a private foundation focused on Housing & Shelter, based in Merced, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $554K in total assets. Net investment income was $18K.
Valley Initiative for Affordable Housing at a glance
- Total assets
- $554,145
- +8.6% vs 2023
- Revenue (2024)
- $87,688
- +43.9% vs 2023
- Net investment income (2024)
- $18,331
- +201.3% vs 2023
- Expenses (2024)
- $60,108
- +155.9% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|
| 2024 | $554,145 | $87,688 | $60,108 | — | $18,331 | $13,573 |
| 2023 | $510,301 | $60,942 | $23,490 | — | $6,084 | $12,723 |
| 2022 | $472,849 | $68,091 | $20,363 | — | $18,175 | $10,457 |
| 2021 | $3,499,858 | $99,020 | $25,596 | $7,515 | $70 | $7,706 |
| 2020 | $3,398,834 | $93,086 | $47,764 | — | $75 | $7,333 |
Under IRS private-foundation payout rules, Valley Initiative for Affordable Housing reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Valley Initiative for Affordable Housing is led by Michelle Mineni, President on every filing since 2020; 1 of 5 officers listed in 2024 is compensated.
Officers on the 2024 filing
Michelle Mineni
President
On filings since 2020
No compensation reported
Jill Cunningham
Director
On filings since 2020
No compensation reported
Dorothy Knox
Secretary
On filings since 2020
10 hrs/week
$11K (2022) → $11K (2024)
Ann Macdonald
Treasurer
Treasurer → Director, 2023
Director → Treasurer, 2024
On filings since 2020
No compensation reported
Kirk Kano
Vice President
Vice President → Treasurer, 2023
Treasurer → Vice President, 2024
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $11K, to Dorothy Knox (Secretary).
Frequently asked questions about Valley Initiative for Affordable Housing
How large is Valley Initiative for Affordable Housing?
Valley Initiative for Affordable Housing reported $554K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $88K.
What is Valley Initiative for Affordable Housing?
Valley Initiative for Affordable Housing is a private foundation focused on Housing & Shelter, based in Merced, CA. It holds $554K in total assets as of 2024.
How much is Valley Initiative for Affordable Housing required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Valley Initiative for Affordable Housing reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Valley Initiative for Affordable Housing's EIN?
Valley Initiative for Affordable Housing's EIN (Employer Identification Number) is 51-0487297. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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