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MARYVALE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 148 UNIT APARTMENT PROJECT FOR THE ELDERLY, HANDICAPPED AND LOW INCOME PERSONS LOCATED IN ST MARY OF THE WOODS, INDIANA. THE PROJECT IS FINANCED WITH A MORTGAGE THAT IS INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND IS, THEREFORE, REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 OF THE NATIONAL HOUSING ACT.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$1.2M
Program Spending
84%
of total expenses go to program services
Total Contributions
$655.5K
Total Expenses
▼$1.1M
Total Assets
$2.4M
Total Liabilities
▼$3.5M
Net Assets
-$1.2M
Officer Compensation
→N/A
Other Salaries
N/A
Investment Income
$706
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.7M
Awards Found
2
Department of Housing and Urban Development
$1M
PURPOSE: ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING/CONGRESSIONAL DIRECTED SPENDING AWARDS ARE AUTHORIZED UNDER THE CONSOLIDATED APPROPRIATIONS ACT, 2022 PUBLIC LAW 117-328 AND THE EXPLANATORY STATEMENT FOR DIVISION L OF THAT ACT. PROJECTS SELECTED FOR COMMUNITY PROJECT FUNDING/CONGRESSIONAL DIRECTED SPENDING ARE LISTED IN THE JOINT EXPLANATORY STATEMENT (JES) THAT ACCOMPANIES A SPECIFIC FISCAL YEAR’S APPROPRIATIONS ACT OR CONGRESSIONAL RECORD. THE JES LISTS PROJECT, RECIPIENT, STATE, AMOUNT AND CONGRESSIONAL SPONSOR.; ACTIVITIES TO BE PERFORMED: ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING/CONGRESSIONALLY DIRECTED SPENDING AWARD PROJECTS INCLUDE A WIDE VARIETY OF ACTIVITIES THAT RESULT IN ECONOMIC DEVELOPMENT OR COMMUNITY DEVELOPMENT OUTCOMES. HUD WILL NOT KNOW THE FULL SCOPE OF THE PROJECT UNTIL THE RECIPIENT SUBMITS THE REQUIRED PROJECT NARRATIVE AND CONFIRMS ALIGNMENT WITH THE LANGUAGE AS PROVIDED IN THE CONGRESSIONAL RECORD. TO FIND THE DETAILS OF THE GRANT AWARD AS WRITTEN WITHIN THE CONGRESSIONAL RECORD USE THE FOLLOWING LINK AND PATH SELECTIONS TO GET TO THE DESCRIPTION OF THE ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING GRANTS HTTPS://WWW.HUD.GOV/PROGRAM_OFFICES/COMM_PLANNING/EDI-GRANTS, SELECT THE FISCAL YEAR OF INTEREST, SCROLL DOWN TO PROGRAM LAWS AND REGULATIONS, UNDER FISCAL YEAR 20XX CONSOLIDATED APPROPRIATIONS ACT, 20XX: CONGRESSIONAL RECORD (JOINT EXPLANATORY STATEMENT).; EXPECTED OUTCOMES: COMPLETION OF THE PROJECT AS DESCRIBED IN THE JOINT EXPLANATORY STATEMENT (JES) PROJECT DESCRIPTION AND SUBSEQUENT APPROVED PROJECT NARRATIVE.; INTENDED BENEFICIARIES: THE PROJECT BENEFICIARIES ARE THE INDIVIDUALS AND/OR ORGANIZATIONS THAT ARE AWARDED GRANT FUNDS OR SERVED BY THE ENTITIES THAT ARE AWARDED GRANT FUNDS AS IDENTIFIED IN THE JES RECIPIENT OR PROJECT DESCRIPTION SECTIONS.; SUBRECIPIENT ACTIVITIES: THE SUBRECIPIENT ACTIVITIES ARE UNKNOWN AT THE TIME OF AWARD.
Department of Education
$745.5K
CAROL M. WHITE PHYSICAL EDUCATION PROGRAM
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
9
Material Weakness
No
Noncompliance Issues
Yes
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $3.8M | No | 2026-05-14 |
| 2024 | Clean | Unmodified (Clean) | $3.9M | Yes | 2025-04-29 |
| 2023 | Clean | Unmodified (Clean) | $3.9M | Yes | 2024-04-30 |
| 2022 | Clean | Unmodified (Clean) | $3.9M | Yes | 2023-03-27 |
| 2021 | Clean | Unmodified (Clean) | $4M | Yes | 2022-04-04 |
| 2020 | Clean | Unmodified (Clean) | $4.1M | No | 2021-04-06 |
| 2019 | Minor Findings | Unmodified (Clean) | $4.2M | Yes | 2020-05-06 |
| 2018 | Clean | Unmodified (Clean) | $4.2M | Yes | 2019-04-04 |
| 2017 | Clean | Unmodified (Clean) | $4.2M | Yes | 2018-04-11 |
| 2016 | Clean | Unmodified (Clean) | $4.3M | Yes | 2017-04-25 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.3M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $1.2M | $655.5K | $1.1M | $2.4M | -$1.2M |
| 2023 | $1.2M | $587.6K | $988K | $2.3M | -$1.3M |
| 2022 | $1.1M | $562.1K | $948.8K | $1.9M | -$1.5M |
| 2021 | $1.1M | $619.3K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Jan Harmening | President | 10 | $0 | $0 | $0 | $0 |
| Sister Mary Beth Klingel | Vice President | 5 | $0 | $0 | $0 | $0 |
| Dave Bonnett | Secretary/treasurer | 0.5 | $0 | $0 | $0 | $0 |
Jan Harmening
President
$0
Hrs/Wk
10
Compensation
$0
Related Orgs
$0
Other
$0
Sister Mary Beth Klingel
Vice President
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Dave Bonnett
Secretary/treasurer
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Chris Switzer | Director | 0.5 | $0 | $0 | $0 | $0 |
| James Callahan | Director | 0.5 | $0 | $0 | $0 | $0 |
| Judith Anderson | Director | 0.5 | $0 | $0 | $0 | $0 |
| Kathleen Miller | Director | 0.5 | $0 | $0 | $0 | $0 |
| Lisa Webster | Director | 0.5 | $0 | $0 | $0 | $0 |
| Melissa Rafter | Former Director |
Chris Switzer
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
James Callahan
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Judith Anderson
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $994.1K |
| $1.8M |
| -$1.6M |
| 2020 | $1.1M | $581.8K | $1M | $1.9M | -$1.7M |
| 2019 | $1.1M | $576.9K | $1M | $1.8M | -$1.8M |
| 2018 | $1.1M | $554K | $963.9K | $1.8M | -$1.9M |
| 2017 | $1M | $511K | $930K | $1.8M | -$2M |
| 2016 | $1M | $564.4K | $963.2K | $1.8M | -$2M |
| 2015 | $982.1K | $513.8K | $980.9K | $1.8M | -$2.1M |
| 2014 | $980K | $515.9K | $944.2K | $1.8M | -$2.1M |
| 2013 | $971.8K | $541.7K | $945.5K | $1.9M | -$2.1M |
| 2012 | $914.1K | $498K | $948.7K | $1.9M | -$2.2M |
| 2011 | $907.3K | $496.1K | $1.2M | $2M | -$2.1M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 0.5 |
| $0 |
| $0 |
| $0 |
| $0 |
| Michael David Kite | Director | 0.5 | $0 | $0 | $0 | $0 |
Kathleen Miller
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Lisa Webster
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Melissa Rafter
Former Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Michael David Kite
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0