Yes, it was the home of the elves and Elrond and was a good and safe place to rest.
The name of the valley is Rivendell, or in Elvish, Imladris.
Rivendell was a place where the house of Elrond, the half-elven, was situated. Many elves lived there, and the main characters in both 'The Hobbit' and 'The Lord of the Rings' visited Elrond in Rivendell.
They mark the path to Rivendell.
The master of Rivendell has always been Elrond. He established Rivendell in the second age with some of the remnant of the Noldor and the Sindar.
In the movie he was, at the meeting that was held in Rivendell. He was not in the book though.
the woodmen are pettles in the middle of rivendell and the rape bombur and pk subban then smaug comes and eats bombur
Rivendell was not central to the story of Bilbo and the Dwarves and the quest for Erebor. Elrond played a minor role in that he deciphered the moon letters but was not part of the quest. Rivendell was a place of refuge and contemplation, not a camp for war. Elrond spent most of the third age being a councilor not a hero.
"The master" is the human leader of Laketown, a pretentious and greedy man, though admittedly intelligent and with good business sense.
It was Elrond Halfelven of Rivendell that not only identified the swords, but also told them what the map said and identified the moon runes.
Radio Rivendell was created in 2001.
Leaving Rivendell was created in 2005.
Until the end of The Return of the King, when he went to the Undying Lands with the elves and Frodo.