Valley Initiative for Development and Advancement
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Valley Initiative for Development and Advancement meets the 20 Standards for Charity Accountability.
Stated Purpose:
VIDAs mission is to formulate new institutional relationships in the Rio Grande Valley that simultaneously address employers needs for skilled workers and link the areas unemployed and underemployed with high skilled, high wage jobs identified in the region. The program provides job-training services to economically disadvantaged, unemployed, and underemployed adults with family responsibilities.
Year, State Incorporated:
1995, TX
Also Known As:
VIDA Careers
VIDA helps low-income, unemployed and underemployed Valley residents get
the skills they need to secure high-skilled, high-wage jobs. In 2012,
VIDA served 789 valley residents.
For the year ended September 30, 2022, Valley Initiative for Development and Advancement's program expenses were:
| Program Services | $1,979,416 |
| Total Program Expenses | $1,979,416 |
Chief Executive
Felida Villareal, President & CEO
Chair of the Board
Tony Aguirre
Board Size
9
Tax status information not available.
The following information is based on Valley Initiative for Development and Advancement's audited financial statements for the year ended September 30, 2022.
Source of Funds
| Contributions and grants | $2,275,817 |
| Donated use of facilities | $163,014 |
| Fundraising | $130,193 |
| Gain on settlement | $19,672 |
| Interest income | $1,289 |
| Total Income | $2,589,985 |
Programs: 85% Fundraising: 1% Administrative: 13%
| Total Income | $2,589,985 |
| Total expenses: | $2,321,986 |
| Program expenses | $1,979,416 |
| Fundraising expenses | $28,002 |
| Administrative expenses | $301,834 |
| Other expenses | $12,734 |
| Income in Excess of Expenses | $267,999 |
| Beginning Net Assets | $668,775 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $936,774 |
| Total Liabilities | $1,104,161 |
| Total Assets | $2,040,935 |
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RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB of Greater Houston and South Texas