Civic Intelligence

Voans Holding Company

990 • Fiscal year 2014 • EIN 26-3887973

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 14, 2014

1660 Duke Street22314

(703) 341-5000

Siviq Scores

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

Liabilities / Assets

12th percentile

0.02x

Higher debt load relative to assets than 12% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.52x

Higher debt load relative to revenue than 55% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

92nd percentile

55%

Higher net margin than 92% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

71st percentile

$487,861

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 19.9% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

29th percentile

0.8%

Faster asset growth than 29% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Up

$61,904,552

Up $11,742,365 (+23%) from 2012

Net Assets

Up

$60,629,294

Up $10,573,942 (+21%) from 2012

Liabilities

Up

$1,275,258

Up $1,168,423 (+1094%) from 2012

Revenue

$2,456,870

No earlier filing loaded for comparison.

Expenses

Up

$1,113,347

Up $623,064 (+127%) from 2012

Net Income

$1,343,523

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2011: $46,738,388Liabilities 2011: $279Net Assets 2011: $46,738,1092011Assets 2012: $50,162,187Liabilities 2012: $106,835Net Assets 2012: $50,055,3522012Assets 2014: $61,904,552Liabilities 2014: $1,275,258Net Assets 2014: $60,629,2942014Assets 2015: $63,477,813Liabilities 2015: $1,368,641Net Assets 2015: $62,109,1722015Assets 2016: $73,863,402Liabilities 2016: $1,374,143Net Assets 2016: $72,489,2592016Assets 2017: $94,613,151Liabilities 2017: $1,475,501Net Assets 2017: $93,137,6502017Assets 2018: $103,638,612Liabilities 2018: $1,698,478Net Assets 2018: $101,940,1342018Assets 2019: $135,697,843Liabilities 2019: $1,631,133Net Assets 2019: $134,066,7102019Assets 2020: $145,099,394Liabilities 2020: $1,703,342Net Assets 2020: $143,396,0522020Assets 2021: $196,294,981Liabilities 2021: $1,662,753Net Assets 2021: $194,632,2282021Assets 2022: $210,006,167Liabilities 2022: $1,717,744Net Assets 2022: $208,288,4232022Assets 2023: $207,875,980Liabilities 2023: $7,719,426Net Assets 2023: $200,156,5542023Assets 2025: $213,038,606Liabilities 2025: $1,946,220Net Assets 2025: $211,092,3862025

Highlighted filing

2014

Assets$61,904,552
Liabilities$1,275,258
Net Assets$60,629,294

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2011: $54,2632011Expenses 2012: $490,2832012Revenue 2014: $2,456,870Expenses 2014: $1,113,347Net Income 2014: $1,343,5232014Revenue 2015: $2,381,690Expenses 2015: $901,812Net Income 2015: $1,479,8782015Revenue 2016: $11,353,621Expenses 2016: $973,534Net Income 2016: $10,380,0872016Revenue 2017: $21,278,453Expenses 2017: $630,062Net Income 2017: $20,648,3912017Revenue 2018: $9,724,426Expenses 2018: $921,942Net Income 2018: $8,802,4842018Revenue 2019: $34,026,168Expenses 2019: $1,899,592Net Income 2019: $32,126,5762019Revenue 2020: $12,238,130Expenses 2020: $2,908,788Net Income 2020: $9,329,3422020Revenue 2021: $56,606,557Expenses 2021: $5,370,381Net Income 2021: $51,236,1762021Revenue 2022: $21,780,396Expenses 2022: $8,124,201Net Income 2022: $13,656,1952022Revenue 2023: $23,548,380Expenses 2023: $31,680,249Net Income 2023: -$8,131,8692023Revenue 2025: $34,072,084Expenses 2025: $28,986,230Net Income 2025: $5,085,8542025

Highlighted filing

2014

Revenue$2,456,870
Expenses$1,113,347
Net Income$1,343,523
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 14, 2014
Return Version
2013v3.1
Gross Receipts
$2,456,870
Mission and Program Overview

Mission

The corporation supports the charitable affordable housing activities of volunteers of america, inc. And volunteers of america national services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$53,013,135$54,811,981▲ $1,798,846
Savings and Temporary Cash Investments$7,962,236$7,092,571▼ $869,665
Accounts Receivable$463,581--
Total Assets$61,438,952$61,904,552▲ $465,600
Liabilities
Other Liabilities$100$1,267,758▲ $1,267,658
Accounts Payable and Accrued Expenses-$7,500-
Total Liabilities$100$1,275,258▲ $1,275,158
Net Assets / Fund Balance
Unrestricted Net Assets$61,438,852$60,629,294▼ $809,558
Total Net Assets Fund Balance$61,438,852$60,629,294▼ $809,558
Total Liabilities and Net Assets / Fund Balance$61,438,952$61,904,552▲ $465,600
Compensation and Service Providers

Employees

NameTitleOtherTotal
Michael W KingPresident &$487,861$487,861
Thomas D TurnbullAsst. Sec/tr$340,573$340,573
David T BowmanAsst. Sec/tr$281,374$281,374
Joseph a BudzynskiAsst Sec/tre$246,967$246,967
Nancy a GavinAsst. Sec/tr$212,691$212,691
Patrick SheridanAsst. Secret$211,894$211,894
Robin KellerAsst. Secret$211,213$211,213
Deborah a PerryAsst. Sec/tr$181,587$181,587

Board Members and Trustees

NameTitle
C David KikumotoChair
Michael W KingPresident & Director
Shawn M BloomVice Chair
Ann B SchnareDirector
Carlos MaeseDirector
John MorlandDirector
Karen DaleDirector
Michael SpilaneDirector
Michael SullivanDirector
Stephen WakefieldDirector
Wilford N Cooper SrDirector
Joseph a BudzynskiAsst Sec/treas
David T BowmanAsst. Sec/treas
Deborah a PerryAsst. Sec/treas
Nancy a GavinAsst. Sec/treas
Thomas D TurnbullAsst. Sec/treas
Patrick SheridanAsst. Secretary
Robin KellerAsst. Secretary
Robert D GibsonKey Employee
Wayne C OlsonKey Employee
Carol MooreSecretary
Nancy J FeldmanTreasurer/di
Revenue and Support

Revenue Composition

Contributions and Grants
$175,581
Program Service Revenue
$0
Investment Income
$2,281,289
Other Revenue
$0
Change in Net Assets
$1,343,523

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,456,870
Total Revenue per Audited Statements
$2,456,870
Total Revenue per Form 990
$2,456,870
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,113,347
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-$10,700-$10,700
Other Expenses$681--$681
Total Functional Expenses$1,102,647$10,700$0$1,113,347

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,113,347
Total Expenses per Audited Statements$1,113,347
Total Expenses per Form 990$1,113,347
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 Affiliate$1,267,758
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 five officers of the organization: chair, president, vice chair, 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

Michael king president dir and/or officer of voa david bowman asst. Sec./a dir and/or officer of voa thomas turnbull asst. Sec./a dir and/or officer of voa patrick sheridan assistant se dir and/or officer of voa joseph budzynski asst. Sec./a dir and/or officer of voa nancy gavin asst. Sec./a dir and/or officer of voa deborah perry asst. Sec./a dir and/or officer of voa robin keller assistant se 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 management duties to volunteers of america national services. 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.

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

EIN
26-3887973
Phone
7033415000

Signing Officer

Name
Thomas D Turnbull
Title
Asst. Sec/treas
Phone
7033415000
Signed
2014-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
11
Employees
0

Preparer

Preparer
William B Beale
Phone
2259263360
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Record due to voa chesapeake 2,153,081

Raw XML AppendixShowing 400 of 1,748 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT &
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER/DI
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASST SEC/TRE
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. SECRET
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASST. SECRET
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASST. SEC/TR
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/PartialLiquidationInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt07092571
IRS990ScheduleA/CertificationInd0X
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10VOLUNTEERS OF AMERICA INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine11VOLUNTEERS OF AMERICA NATIONAL SERVICES
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2221460
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3205712
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt5147545
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt8259682
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt9181796
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt068534
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt148930
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt221179
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt320679
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt419789
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt522904
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt626702
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt723542
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt015715
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt14911

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$213$1.95$211$34.1$29.0$5.09
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$208$7.72$200$23.5$31.7$8.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$210$1.72$208$21.8$8.12$13.7
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$196$1.66$195$56.6$5.37$51.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$145$1.70$143$12.2$2.91$9.33
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$136$1.63$134$34.0$1.90$32.1
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$104$1.70$102$9.72$0.92$8.80
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$94.6$1.48$93.1$21.3$0.63$20.6
2016Detailed filing. Detailed filing data is available for this year.$73.9$1.37$72.5$11.4$0.97$10.4
2015Detailed filing. Detailed filing data is available for this year.$63.5$1.37$62.1$2.38$0.90$1.48
2014Detailed filing. Detailed filing data is available for this year.$61.9$1.28$60.6$2.46$1.11$1.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.2$0.11$50.1$0.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.7$0.00$46.7$0.05
Peer Organizations

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