Civic Intelligence

Lancaster Manor LLC

EIN 20-3286125 • 501(c)3 • Alexandria, VA

Profile

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

1660 Duke StreetAlexandria, VA 22314

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.92x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

28.32x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

Up

$1,597,705

Up $39,626 (+2.5%) from 2020

Liabilities

Up

$1,464,129

Up $36,290 (+2.5%) from 2020

Net Assets

Up

$133,576

Up $3,336 (+2.6%) from 2020

Revenue

Down

$40,511

Down $9,914 (-20%) from 2020

Expenses

Down

$37,175

Down $314 (-0.8%) from 2020

Net Income

Down

$3,336

Down $9,600 (-74%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,137,012Liabilities 2011: $1,107,528Net Assets 2011: $29,4842011Assets 2012: $1,183,749Liabilities 2012: $1,144,643Net Assets 2012: $39,1062012Assets 2013: $1,230,462Liabilities 2013: $1,181,683Net Assets 2013: $48,7792013Assets 2020: $1,558,079Liabilities 2020: $1,427,839Net Assets 2020: $130,2402020Assets 2021: $1,597,705Liabilities 2021: $1,464,129Net Assets 2021: $133,5762021

Highlighted filing

2021

Assets$1,597,705
Liabilities$1,464,129
Net Assets$133,576

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0Expenses 2011: $37,0362011Revenue 2012: $46,737Expenses 2012: $37,115Net Income 2012: $9,6222012Expenses 2013: $37,0402013Revenue 2020: $50,425Expenses 2020: $37,489Net Income 2020: $12,9362020Revenue 2021: $40,511Expenses 2021: $37,175Net Income 2021: $3,3362021

Highlighted filing

2021

Revenue$40,511
Expenses$37,175
Net Income$3,336

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 3, 2021
Return Version
2020v4.0
Gross Receipts
$40,511
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$713,740$715,191▲ $1,451
Total Assets$1,558,079$1,597,705▲ $39,626
Other Assets Total$844,339$882,514▲ $38,175
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,427,839$1,464,129▲ $36,290
Total Liabilities$1,427,839$1,464,129▲ $36,290
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$130,240$133,576▲ $3,336
Total Net Assets Fund Balance$130,240$133,576▲ $3,336
Total Liabilities and Net Assets / Fund Balance$1,558,079$1,597,705▲ $39,626

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$882,514--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Joseph BudzynskiAsst Sec/ass$366,802$366,802

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$40,511
Other Revenue
$0
Change in Net Assets
$3,336
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$37,175
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
Interest$36,290--$36,290
Fees for Services Accounting-$885-$885
Total Functional Expenses$36,290$885$0$37,175
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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 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
Lancaster Manor LLC
EIN
20-3286125
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph Budzynski
Title
Asst Sec/asst Treas
Phone
7033415000
Signed
2021-11-03
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
David V Berg Jr
Phone
2259263360
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THOMAS 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/ExplanationTxt1THE 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4THE 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/ExplanationTxt5THE 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/ExplanationTxt6AVAILABLE AT THE ADDRESS BELOW: 1660 DUKE STREET ALEXANDRIA, VA 22314
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