Funder DirectoryMON VALLEY INITIATIVE
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Grantmaking public charityEIN 251591350

MON VALLEY INITIATIVE

HOMESTEAD, PA 15120

Total Assets

$22.8M

FY 2024

Annual Giving

$465K

FY 2024

Grants Made

9

FY 2024

Avg Grant

$52K

FY 2024

Grant Range

Typical

Deadlines

Applications

Programs & Activities

Program 1

$131K

Housing counseling: the mon valley initiative national intermediary is a hud-approved national housing counseling intermediary that provides administrative services, housing counseling funding, and performance monitoring services to a national network of sub-grantee agencies. The agencies in turn provide eligible housing counseling services to participants in their local areas. During the 2024 hud fiscal year, the agencies provided housing counseling to 7,122 households. Mvi's housing counseling program is a sub-grantee agency of the mon valley initiative national intermediary. The purpose of mvi's pre-purchase housing counseling program is to educate and assist individuals and families, with low and moderate incomes, in the process of obtaining an affordable mortgage to facilitate the purchase of a home. Mvi provides credit and budget analyses, and hud- and phfa-approved housing counseling action plans to bring participants to mortgage-readiness. Mvi also coordinates services with several other housing counseling agencies in our area. During 2024, mvi's housing counseling program provided assistance to 111 participants through pre-purchase housing counseling. Of those receiving pre-purchase counseling, 37 went on to become homeowners.

Program 2

$404K

Community development: the community development and outreach efforts undertaken through this program support and engage volunteers, partner organizations, community residents and stakeholders to build connections and gather vital guidance and feedback, ensuring the mvi remains deeply engaged at the local level. The program staff provide guidance to partner organizations, coordinate special events, and provide support to the other mvi program areas. Mvi's work was supported by a volunteer base of approximately 135 individuals in 2024.

Program 3

$808K

Workforce development and financial coaching: the purpose of mvi's workforce development and financial coaching program is to increase the income levels and financial self-sufficiency of local residents through effective career development services and financial coaching, assisting the unemployed and under-employed to advance. In addition to the assistance provided to participants, the team works with local employers to understand their human resource needs. Mvi provides direct services to participants through basic career counseling, financial coaching, classroom work, seminars, and pre- and post-employment case management. Mvi also works with mon valley employers to identify skill requirements and employment opportunities, and to make connections on behalf of mvi's participants. In addition to direct recruitment and job fairs, employers volunteer presenting in career exploration workshops and doing practice interviews with participants. In 2024, mvi served 328 participants. "served" is defined as meeting a program milestone: enrolled, completed the program, obtained employment, or maintained employment for at least six months. During the year, 224 participants enrolled in mvi's career development planning process, 44% of which gained employment. During the year, 55 unique employers hired mvi participants. Of those served, 95% continued with mvi's one-on-one financial coaching program.

Focus Areas

Community Improvement & Capacity Building

Financial Snapshot

2024 filing

Total Revenue

$5.0M

Total Expenses

$4.7M

Giving Over Time

5 years

Giving over time from 2020 to 2024. Peak $651K in 2021. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

50 grants

Recipient names are missing from the available filing data for some grants.

$298K
4 grants
FAIRMONT-MORGANTOWN HOUSING A
$165K
5 grants
$84K
4 grants

Grant Size Distribution

50 grants

<$10K
5
grants
$10–50K
32
grants
$50–250K
13
grants
$250K–1M
$1–5M
$5M+

Geographic Focus

8 states

Illinois
$582K
30% of total
Texas
$363K
18% of total
Washington
$298K
15% of total
West Virginia
$249K
13% of total
Delaware
$190K
10% of total
Pennsylvania
$180K
9% of total
New York
$71K
4% of total
Massachusetts
$33K
2% of total

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