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VERDE VALLEY MANOR RETIREMENT CENTER INC

COTTONWOOD, AZ · EIN 860342859 · Form 990 · FY2022 · Medium ($1M-$10M) · www.verdevalleymanor.com
revenue
$1.8M
expenses
$2.0M
net assets
$-44K
employees
8
volunteers
5
program ratio
100%
mission · from form 990

LOW INCOME HOUSING - ASSISTING LOW INCOME SENIORS AND PERSONS WITH DISABILITIES TO ACCESS INDEPENDENT LIVING IN AFFORDABLE RENTAL HOUSING.

profile · synthesized from sources

Verde Valley Manor Retirement Center provides affordable independent living apartments for low-income seniors and individuals with disabilities. The center offers 232 units, primarily funded through USDA Rural Development and HUD Section 8 programs, in a quiet residential community in central Arizona.

irs program accomplishments · form 990 part iii · fy2022

what they reported doing

Program narrative the organization filed with the IRS. Ordered by program spending.

  1. #1 primary $1.90M
    TO PROVIDE AND OPERATE LOW RENT HOUSING AND RELATED FACILITIES FOR THE LOW INCOME ELDERLY AND PERSONS WITH DISABILITIES, WHO QUALIFY UNDER RD GUIDELINES
named programs · 3 · from sources

what they call their work

HUD Section 8 Housing Assistance Payments Program
Provides reduced monthly rental rates for eligible low-income individuals who are 62 years or older, in 8 apartments.
Resident Services / Resource Coordinator
Provides support and resources to residents.
Rural Housing Rental Assistance Program
Provides reduced monthly rental rates for eligible low-income individuals who are 62 years or older or have a handicap/disability, in 224 apartments.
activities · 6 groups

what they do

  • Resident-Led Community Engagement 2 activities
    • Facilitate resident-led activities
      Supports and facilitates activities organized and led by residents within the community.
    • Supports resident-led social and recreational activities
      Facilitates programs and events organized by residents to encourage community engagement and active living.
  • Senior Social & Recreational Activities 1 activity
    • Offer resident amenities and services
      Provides free laundry facilities, 24-hour emergency maintenance, community buildings with various recreational facilities (pool table, library, exercise room, craft room), and a Resident Services / Resource Coordinator. The organization also maintains a central park with walking paths and picnic areas.
  • Residential Community Recreation Management 1 activity
    • Operates community recreational and social spaces
      Maintains shared community buildings and outdoor areas including a pool table, library, DVD lending library, exercise room, puzzle/game/craft room, horseshoe court, and Manor Central Park with walking paths, picnic areas, benches, and a covered gazebo to promote social engagement and physical activity.
  • Permanent Affordable Housing Development 1 activity
    • Provide affordable independent living for seniors
      Offers 232 ranch-style apartments (efficiency, one-bedroom, and two-bedroom units) for independent living, with 224 units funded by the Rural Development program and 8 units funded by HUD.
  • Resident Support and Security Services 1 activity
    • Provides resident support services and amenities
      Offers free laundry facilities, 24-hour emergency maintenance, and a Resident Services / Resource Coordinator to support residents' well-being and independence.
  • Uncategorized 2 activities
    • Manages waiting list for HUD-funded apartments
      Accepts applications for HUD-funded efficiency and one-bedroom apartments through a waiting list opened on October 10, 2025.
    • Provides affordable independent living apartments for seniors
      Offers 232 ranch-style independent living apartments (efficiency, one-bedroom, and two-bedroom units ranging from 444 to 791 square feet) to low-income seniors, with 224 units funded by the USDA Rural Development program and 8 units funded by HUD.
financials · form 990 · fy2022
revenue
Total revenue$1.80M
Contributions & grants$948K53%
Program service revenue$851K47%
Investment income$990%
Other revenue$3K
expenses
Total expenses$1.96M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$632K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$4.48M
Cash$843K
Investments$0
Liabilities$4.52M
Net assets$-44K
Liquid reserves5.2 mo
3 years on record · 2020–2022 · YoY revenue -0.0%
leadership · form 990 part vii · fy2022

who runs it

paid leadership · 1
NameTitleHours/wkCompensation
CHRISTINE FRENCH EXECUTIVE DIRECTOR 40 $134K
board members · 5
  • AMY BROWN — SECRETARY
  • DARLENE CALVERT — PRESIDENT
  • DENNIS W STERRETT — TREASURER
  • PAUL HAYWOOD — VICE-PRESIDENT
  • RONALD GOLDMAN — MEMBER
relationships · 4

who they work with

  • Cottonwood Area Transit (CAT) Partner — Provides convenient pick up from the CAT bus.
  • Cottonwood Crime Free Multi-Housing Program Network — Member of the Cottonwood Crime Free Multi-Housing Program.
  • Department of Housing and Urban Development (HUD) Funder — Funded through the Department of Housing and Urban Development (HUD).
  • United States Department of Agriculture's Rural Development (RD) program Funder — Funded through the Rural Development program.