Civic Intelligence

Gary Voa Elderly Housing Inc Gardens on Carolina

990 • Fiscal year 2023 • EIN 26-4549128

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 16, 2023

Refreshing map…

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

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

53rd percentile

0.10x

Higher debt load relative to revenue than 53% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

99th percentile

$771,971

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 185.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

26th percentile

-3.1%

Faster asset growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

51st percentile

7.2%

Faster revenue growth than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$4,410,912

Down $140,426 (-3.1%) from 2022

Net Assets

Down

$4,368,170

Down $76,297 (-1.7%) from 2022

Liabilities

Down

$42,742

Down $64,129 (-60%) from 2022

Revenue

Up

$415,235

Up $27,988 (+7.2%) from 2022

Expenses

Down

$491,532

Down $37,607 (-7.1%) from 2022

Net Income

Up

-$76,297

Up $65,595 (+46%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2014: $5,544,142Liabilities 2014: $149,320Net Assets 2014: $5,394,8222014Assets 2015: $5,360,423Liabilities 2015: $57,170Net Assets 2015: $5,303,2532015Assets 2016: $5,227,673Liabilities 2016: $48,999Net Assets 2016: $5,178,6742016Assets 2017: $5,113,174Liabilities 2017: $26,444Net Assets 2017: $5,086,7302017Assets 2020: $4,793,008Liabilities 2020: $103,351Net Assets 2020: $4,689,6572020Assets 2021: $4,681,959Liabilities 2021: $95,600Net Assets 2021: $4,586,3592021Assets 2022: $4,551,338Liabilities 2022: $106,871Net Assets 2022: $4,444,4672022Assets 2023: $4,410,912Liabilities 2023: $42,742Net Assets 2023: $4,368,1702023Assets 2025: $4,216,160Liabilities 2025: $57,669Net Assets 2025: $4,158,4912025

Highlighted filing

2023

Assets$4,410,912
Liabilities$42,742
Net Assets$4,368,170

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $172,208Expenses 2014: $360,705Net Income 2014: -$188,4972014Revenue 2015: $217,386Expenses 2015: $372,605Net Income 2015: -$155,2192015Revenue 2016: $261,776Expenses 2016: $386,355Net Income 2016: -$124,5792016Revenue 2017: $285,143Expenses 2017: $402,213Net Income 2017: -$117,0702017Revenue 2020: $348,045Expenses 2020: $491,746Net Income 2020: -$143,7012020Revenue 2021: $386,650Expenses 2021: $489,948Net Income 2021: -$103,2982021Revenue 2022: $387,247Expenses 2022: $529,139Net Income 2022: -$141,8922022Revenue 2023: $415,235Expenses 2023: $491,532Net Income 2023: -$76,2972023Revenue 2025: $450,275Expenses 2025: $579,125Net Income 2025: -$128,8502025

Highlighted filing

2023

Revenue$415,235
Expenses$491,532
Net Income-$76,297
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 16, 2023
Return Version
2022v5.0
Gross Receipts
$415,235
Mission and Program Overview

Mission

Provides housing to elderly or disabled persons or families under section 202 of the national housing act under an agreement with the department of hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,173,425$4,049,665▼ $123,760
Prepaid Expenses and Deferred Charges$21,236$29,144▲ $7,908
Cash and Non-Interest-Bearing Accounts$15,985$15,611▼ $374
Accounts Receivable$5,792$2,470▼ $3,322
Total Assets$4,551,338$4,410,912▼ $140,426
Other Assets Total$334,900$314,022▼ $20,878
Liabilities
Accounts Payable and Accrued Expenses$91,457$30,385▼ $61,072
Other Liabilities$11,193$12,297▲ $1,104
Deferred Revenue$4,221$60▼ $4,161
Total Liabilities$106,871$42,742▼ $64,129
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,583,319$5,583,319→ $0
Net Assets Without Donor Restrictions$-1,138,852$-1,215,149▼ $76,297
Total Net Assets Fund Balance$4,444,467$4,368,170▼ $76,297
Total Liabilities and Net Assets / Fund Balance$4,551,338$4,410,912▼ $140,426

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,049,665$1,342,750$5,392,415
Other Land Buildings-$25,781$25,781
Other Assets Org$12,411--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sharon Wilson GenoAsst Sec/tre$481,819$481,819
Joseph BudzynskiAsst Sec/tre$418,633$418,633
Kimberly KingAsst. Sec/tr$379,950$379,950
Nancy GavinAsst. Sec/tr$280,140$280,140
Milford W MoyerAsst. Sec/tr$279,559$279,559
Peter DesjardinsAsst. Sec/tr$277,573$277,573
David PaskoffAsst. Sec/tr$178,208$178,208
Faith NutzAsst. Sec/tr$168,560$168,560

Board Members and Trustees

NameTitle
Patti ArnoldChairperson
Michael W KingPresident
Nancy RaseVice Chair
Andy EdeburnDirector
Beth MullenDirector
Derrick PerkinsDirector
Edwina CarringtonDirector
Jeanne PetersenDirector
Karen EricksonDirector
Keith KnappDirector
Pierre VigilanceDirector
Shawn BloomDirector
Voris VigeeDirector
Joseph BudzynskiAsst Sec/treas & CFO
Sharon Wilson GenoAsst Sec/treas & COO
David PaskoffAsst. Sec/treas
Faith NutzAsst. Sec/treas
Kimberly KingAsst. Sec/treas
Milford W MoyerAsst. Sec/treas
Nancy GavinAsst. Sec/treas
Peter DesjardinsAsst. Sec/treas
Thomas DolanSecretary
Jane BurksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$408,660
Investment Income
$6,575
Other Revenue
$0
Change in Net Assets
$-76,297

Audited Revenue Reconciliation

Revenue per Audited Statements
$415,235
Total Revenue per Audited Statements
$415,235
Total Revenue per Form 990
$415,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$397,472
Salaries, Compensation, and Employee Benefits$94,060
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$142,768--$142,768
Occupancy$141,108--$141,108
Other Salaries and Wages$80,942--$80,942
Office Expenses$10,874--$10,874
Other Employee Benefits$9,710--$9,710
Fees for Services Accounting-$9,690-$9,690
Payroll Taxes$3,408--$3,408
Insurance$2,706--$2,706
Other Expenses$324--$324
Advertising$176--$176
Conferences and Meetings-$99-$99
Total Functional Expenses$481,743$9,789$0$491,532

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$491,532
Total Expenses per Audited Statements$491,532
Total Expenses per Form 990$491,532
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
Tenant Security Deposits$12,297
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 joseph budzynski asst. Sec./a dir and/or officer of voa nancy gavin asst. Sec./a dir and/or officer of voa faith nutz asst. Sec./a dir and/or officer of voa robin keller assistant se dir and/or officer of voa sharon wilson geno asst. Sec/a dir and/or officer of voa kimberly b. King asst. Sec./a dir and/or officer of voa peter desjardins asst. Sec./a 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 volunteers of america indiana, 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 national services has the right to appoint or approve directors.

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 national services.

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
Gary Voa Elderly Housing Inc
EIN
26-4549128
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Peter Desjardins
Title
Asst. Sec/treas
Phone
7033415000
Signed
2023-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Desjardins
Formed
2009
Legal Domicile
In
Voting Board Members
15
Independent Board Members
13
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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