Civic Intelligence

Pageland Place LLC

EIN 20-3286141 • 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

91st percentile

0.85x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

100th percentile

46.95x

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

501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

91st percentile

57%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

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 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Assets

Up

$1,749,333

Up $31,695 (+1.8%) from 2020

Liabilities

Up

$1,487,929

Up $13,637 (+0.9%) from 2020

Net Assets

Up

$261,404

Up $18,058 (+7.4%) from 2020

Revenue

Down

$31,695

Down $691 (-2.1%) from 2020

Expenses

Down

$13,637

Down $23 (-0.2%) from 2020

Net Income

Down

$18,058

Down $668 (-3.6%) 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: $1,430,633Liabilities 2011: $1,352,110Net Assets 2011: $78,5232011Assets 2012: $1,462,471Liabilities 2012: $1,365,662Net Assets 2012: $96,8092012Assets 2013: $1,494,214Liabilities 2013: $1,385,609Net Assets 2013: $108,6052013Assets 2020: $1,717,638Liabilities 2020: $1,474,292Net Assets 2020: $243,3462020Assets 2021: $1,749,333Liabilities 2021: $1,487,929Net Assets 2021: $261,4042021

Highlighted filing

2021

Assets$1,749,333
Liabilities$1,487,929
Net Assets$261,404

Operations Trend

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

$40K$30K$20K$10K$0Expenses 2011: $13,6192011Revenue 2012: $31,838Expenses 2012: $13,552Net Income 2012: $18,2862012Revenue 2013: $31,744Expenses 2013: $19,948Net Income 2013: $11,7962013Revenue 2020: $32,386Expenses 2020: $13,660Net Income 2020: $18,7262020Revenue 2021: $31,695Expenses 2021: $13,637Net Income 2021: $18,0582021

Highlighted filing

2021

Revenue$31,695
Expenses$13,637
Net Income$18,058

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
$31,695
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$99,416$99,440▲ $24
Total Assets$1,717,638$1,749,333▲ $31,695
Other Assets Total$1,618,222$1,649,893▲ $31,671
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,451,888$1,464,585▲ $12,697
Other Liabilities$22,404$23,344▲ $940
Total Liabilities$1,474,292$1,487,929▲ $13,637
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$243,346$261,404▲ $18,058
Total Net Assets Fund Balance$243,346$261,404▲ $18,058
Total Liabilities and Net Assets / Fund Balance$1,717,638$1,749,333▲ $31,695

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$380,152--
Compensation and Service Providers

Employees

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

Board Members and Trustees

NameTitle
Thomas 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
$31,695
Other Revenue
$0
Change in Net Assets
$18,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,637
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$12,697--$12,697
Fees for Services Accounting-$885-$885
Other Expenses-$55-$55
Total Functional Expenses$12,697$940$0$13,637
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$23,344
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 to 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
Pageland Place LLC
EIN
20-3286141
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
2006
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VOLUNTEERS OF AMERICA, INC. HAS THE RIGHT TO APPOINT OR APPROVE DIRECTORS AND VOLUNTEERS OF AMERICA, INC. HAS, IN TURN, TRANSFERRED THIS AUTHORITY TO VOLUNTEERS OF AMERICA NATIONAL SERVICES.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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