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Filing year 2024

GENESEE VALLEY IMPROVEMENT CORPORATION

Belmont, New York·EIN 22-2642706·501(c)(2)
Total revenue
$268k
Total assets
$525k
Total expenses
$322k
Reported officers
6
Mission

GVIC'S PURPOSE IS TO OWN PROPERTY, COLLECT INCOME AND PROVIDE INCOME/ASSISTANCE TO ACCORD, IN ADDITION, PROVIDE LOW-INCOME HOUSING FOR QUALIFIED INDIVIDUALS AND FAMILIES AS WELL AS RENT PROGRAM OFFICE SPACE AT COST TO ACCORD SERVICE PROGRAMS.

Executive compensation

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Director
10th to 25th percentile
$41k
$44k
C.f.o.
Officer (Unspecified)
$5k
$5k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 4 unpaid individuals.

Up 110%
from 2023

From $19k in 2023 to $41k in 2024.

$19k
2023
$41k
2024
In today's dollarsEst.
Up 103% in real terms$22k to $44k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 110% from 2023 to 2024, while revenue fell 12%.

$19k in 2023 to $41k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

GENESEE VALLEY IMPROVEMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$304k
$246k
2023
$268k
$322k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about GENESEE VALLEY IMPROVEMENT CORPORATION

What does the Chief Executive Officer of GENESEE VALLEY IMPROVEMENT CORPORATION earn?

In 2024, the Chief Executive Officer of GENESEE VALLEY IMPROVEMENT CORPORATION received $40,571 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at GENESEE VALLEY IMPROVEMENT CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at GENESEE VALLEY IMPROVEMENT CORPORATION falls between the 10th and 25th percentiles.

What are GENESEE VALLEY IMPROVEMENT CORPORATION's revenue and expenses?

In 2024, GENESEE VALLEY IMPROVEMENT CORPORATION reported $268k in total revenue and $322k in total expenses on its IRS Form 990.

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