Civic Intelligence

Voa Duncan Village Inc

990 • Fiscal year 2018 • EIN 20-2902396

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 09, 2018

1660 Duke StreetAlexandria, VA 22314

(703) 341-5000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.21x

Higher debt load relative to revenue than 65% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

95th percentile

$329,643

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 818.7% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

56th percentile

2.8%

Faster asset growth than 56% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

39th percentile

0.0%

Faster revenue growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,503,510

Up $40,252 (+2.8%) from 2017

Net Assets

Up

$1,495,235

Up $39,402 (+2.7%) from 2017

Liabilities

Up

$8,275

Up $850 (+11%) from 2017

Revenue

Flat

$40,266

Flat from 2017

Expenses

Down

$864

Down $18 (-2.0%) from 2017

Net Income

Up

$39,402

Up $18 (+0.0%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $1,221,462Liabilities 2011: $2,675Net Assets 2011: $1,218,7872011Assets 2012: $1,261,828Liabilities 2012: $3,400Net Assets 2012: $1,258,4282012Assets 2013: $1,302,087Liabilities 2013: $4,150Net Assets 2013: $1,297,9372013Assets 2014: $1,342,371Liabilities 2014: $4,925Net Assets 2014: $1,337,4462014Assets 2015: $1,382,629Liabilities 2015: $5,725Net Assets 2015: $1,376,9042015Assets 2016: $1,422,999Liabilities 2016: $6,550Net Assets 2016: $1,416,4492016Assets 2017: $1,463,258Liabilities 2017: $7,425Net Assets 2017: $1,455,8332017Assets 2018: $1,503,510Liabilities 2018: $8,275Net Assets 2018: $1,495,2352018Assets 2019: $1,543,765Liabilities 2019: $9,150Net Assets 2019: $1,534,6152019Assets 2020: $1,584,128Liabilities 2020: $9,975Net Assets 2020: $1,574,1532020Assets 2021: $1,624,381Liabilities 2021: $10,860Net Assets 2021: $1,613,5212021Assets 2022: $1,664,678Liabilities 2022: $11,799Net Assets 2022: $1,652,8792022Assets 2023: $1,704,943Liabilities 2023: $12,733Net Assets 2023: $1,692,2102023Assets 2024: $0Liabilities 2024: $13,652Net Assets 2024: -$13,6522024Assets 2025: $0Liabilities 2025: $13,652Net Assets 2025: -$13,6522025

Highlighted filing

2018

Assets$1,503,510
Liabilities$8,275
Net Assets$1,495,235

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0Expenses 2011: $6112011Expenses 2012: $7342012Expenses 2013: $7572013Revenue 2014: $40,285Expenses 2014: $776Net Income 2014: $39,5092014Revenue 2015: $40,266Expenses 2015: $808Net Income 2015: $39,4582015Revenue 2016: $40,376Expenses 2016: $831Net Income 2016: $39,5452016Revenue 2017: $40,266Expenses 2017: $882Net Income 2017: $39,3842017Revenue 2018: $40,266Expenses 2018: $864Net Income 2018: $39,4022018Revenue 2019: $40,266Expenses 2019: $886Net Income 2019: $39,3802019Revenue 2020: $40,425Expenses 2020: $887Net Income 2020: $39,5382020Revenue 2021: $40,253Expenses 2021: $885Net Income 2021: $39,3682021Revenue 2022: $40,253Expenses 2022: $895Net Income 2022: $39,3582022Revenue 2023: $40,231Expenses 2023: $900Net Income 2023: $39,3312023Revenue 2024: $277,992Expenses 2024: $925Net Income 2024: $277,0672024Revenue 2025: $0Expenses 2025: $0Net Income 2025: $02025

Highlighted filing

2018

Revenue$40,266
Expenses$864
Net Income$39,402
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 9, 2018
Return Version
2017v2.3
Gross Receipts
$40,266
Mission and Program Overview

Mission

To own, develop, and manage housing for low and moderate income individuals and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1$2▲ $1
Total Assets$1,463,258$1,503,510▲ $40,252
Other Assets Total$1,463,257$1,503,508▲ $40,251
Liabilities
Other Liabilities$7,425$8,275▲ $850
Total Liabilities$7,425$8,275▲ $850
Net Assets / Fund Balance
Unrestricted Net Assets$1,455,833$1,495,235▲ $39,402
Total Net Assets Fund Balance$1,455,833$1,495,235▲ $39,402
Total Liabilities and Net Assets / Fund Balance$1,463,258$1,503,510▲ $40,252

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$5--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Joseph BudzynskiAsst. Sec/tr$329,643$329,643

Board Members and Trustees

NameTitle
Thomas D TurnbullChair
Barbara BanaszynskiPresident/ce
Maury B ReiterVice Chair
Curt ZaskeDirector
Joseph BudzynskiAsst. Sec/treas/CFO
Barbara SullivanSecretary
Carol MooreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$40,266
Other Revenue
$0
Change in Net Assets
$39,402
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$864
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$850-$850
Other Expenses$14--$14
Total Functional Expenses$14$850$0$864
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Voans$8,275
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 1A

The organizations governing body delegated broad authority to an executive committee. The executive committee is composed of the following four officers of the organization: chair, president, secretary, and treasurer. There are no executive committee members who are not on the governing body. The executive committee has the authority of the governing body in the management of the business of the organization.

Form 990, Page 6, Part VI, Line 2

Thomas turnbull chair dir and/or officer of voa joseph budzynski asst. Sec/a dir and/or officer of voa barbara banaszynski president dir and/or officer of voa

Form 990, Page 6, Part VI, Line 3

The organization has no employees, and has delegated control over certain property management duties to vista capital management group inc. Pursuant to a property management agreement. Volunteers of america national services, as the parent and sponsoring corporation, assists in providing to its subordinate corporations general and administrative supervision, financial management, quality assurance, regulatory compliance, real estate development and strategic planning.

Form 990, Page 6, Part VI, Line 7A

Volunteers of america, inc. Has the right to appoint or approve directors and volunteers of america, inc. Has, in turn, transferred this authority t o volunteers of america national services.

Form 990, Page 6, Part VI, Line 7B

The articles of incorporation and bylaws of the corporation may not be amended without the prior written approval of the secretary of the u.s. Department of housing and urban development. Directors may be removed with or without cause at the request of the u.s. Department of housing and urban development. The bylaws may not be amended without the prior written consent of volunteers of america, inc.

Form 990, Page 6, Part VI, Line 11B

The final form 990 is reviewed by asset management and an officer of the board of directors prior to filing with the irs. All members of the organizations board of directors and all officers of the board are also provided an opportunity to review the form 990 in electronic form immediately prior to filing.

Form 990, Page 6, Part VI, Line 12C

The policy requires officers, directors and key employees to disclose annually interests that could give rise to conflicts. The policy and disclosure form are distributed and collected annually, and individuals are required to update the disclosure form throughout the year in the event actual or potential conflicts arise. Conflicts of interest are reviewed by the board of directors. Persons with a conflict are prohibited from participating in the governing body's deliberations and decisions in the transaction.

Form 990, Page 6, Part VI, Line 19

Available at the address below: 1660 duke street alexandria, va 22314

Filing and Contact Details

Filer

Filer Name
Voa Duncan Village Inc
EIN
20-2902396
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph Budzynski
Title
Asst. Sec/treas/CFO
Phone
7033415000
Signed
2018-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Banaszynski
Formed
2005
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
5
Employees
0

Preparer

Firm
Maddox & Associates Apc
Address
5627 BANKERS AVE BLDG 2, BATON ROUGE, LA 70808-2610
Preparer
William B Beale
Phone
2259263360
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATIONS GOVERNING BODY DELEGATED BROAD AUTHORITY TO AN EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPOSED OF THE FOLLOWING FOUR OFFICERS OF THE ORGANIZATION: CHAIR, PRESIDENT, SECRETARY, AND TREASURER. THERE ARE NO EXECUTIVE COMMITTEE MEMBERS WHO ARE NOT ON THE GOVERNING BODY. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE GOVERNING BODY IN THE MANAGEMENT OF THE BUSINESS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THOMAS TURNBULL CHAIR DIR AND/OR OFFICER OF VOA JOSEPH BUDZYNSKI ASST. SEC/A DIR AND/OR OFFICER OF VOA BARBARA BANASZYNSKI PRESIDENT DIR AND/OR OFFICER OF VOA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS NO EMPLOYEES, AND HAS DELEGATED CONTROL OVER CERTAIN PROPERTY MANAGEMENT DUTIES TO VISTA CAPITAL MANAGEMENT GROUP INC. PURSUANT TO A PROPERTY MANAGEMENT AGREEMENT. VOLUNTEERS OF AMERICA NATIONAL SERVICES, AS THE PARENT AND SPONSORING CORPORATION, ASSISTS IN PROVIDING TO ITS SUBORDINATE CORPORATIONS GENERAL AND ADMINISTRATIVE SUPERVISION, FINANCIAL MANAGEMENT, QUALITY ASSURANCE, REGULATORY COMPLIANCE, REAL ESTATE DEVELOPMENT AND STRATEGIC PLANNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VOLUNTEERS OF AMERICA, INC. HAS THE RIGHT TO APPOINT OR APPROVE DIRECTORS AND VOLUNTEERS OF AMERICA, INC. HAS, IN TURN, TRANSFERRED THIS AUTHORITY T O VOLUNTEERS OF AMERICA NATIONAL SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ARTICLES OF INCORPORATION AND BYLAWS OF THE CORPORATION MAY NOT BE AMENDED WITHOUT THE PRIOR WRITTEN APPROVAL OF THE SECRETARY OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. DIRECTORS MAY BE REMOVED WITH OR WITHOUT CAUSE AT THE REQUEST OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE BYLAWS MAY NOT BE AMENDED WITHOUT THE PRIOR WRITTEN CONSENT OF VOLUNTEERS OF AMERICA, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FINAL FORM 990 IS REVIEWED BY ASSET MANAGEMENT AND AN OFFICER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. ALL MEMBERS OF THE ORGANIZATIONS BOARD OF DIRECTORS AND ALL OFFICERS OF THE BOARD ARE ALSO PROVIDED AN OPPORTUNITY TO REVIEW THE FORM 990 IN ELECTRONIC FORM IMMEDIATELY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE POLICY REQUIRES OFFICERS, DIRECTORS AND KEY EMPLOYEES TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE POLICY AND DISCLOSURE FORM ARE DISTRIBUTED AND COLLECTED ANNUALLY, AND INDIVIDUALS ARE REQUIRED TO UPDATE THE DISCLOSURE FORM THROUGHOUT THE YEAR IN THE EVENT ACTUAL OR POTENTIAL CONFLICTS ARISE. CONFLICTS OF INTEREST ARE REVIEWED BY THE BOARD OF DIRECTORS. PERSONS WITH A CONFLICT ARE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AVAILABLE AT THE ADDRESS BELOW: 1660 DUKE STREET ALEXANDRIA, VA 22314
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt5SUMMIT VOANS LLC
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.01$0.00$0.00$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.01$0.28$0.00$0.28
2023Detailed filing. Detailed filing data is available for this year.$1.70$0.01$1.69$0.04$0.00$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.66$0.01$1.65$0.04$0.00$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.62$0.01$1.61$0.04$0.00$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.58$0.01$1.57$0.04$0.00$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.54$0.01$1.53$0.04$0.00$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.50$0.01$1.50$0.04$0.00$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.46$0.01$1.46$0.04$0.00$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.42$0.01$1.42$0.04$0.00$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.38$0.01$1.38$0.04$0.00$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.04$0.00$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.00$1.30$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.00$1.26$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.00$1.22$0.00