Civic Intelligence

Memphis Voa Elderly Housing Inc

EIN 30-0357171 • 501(c)3 • Alexandria, VA

Profile

The corporation owns and operates rental property rental property for low income and elderly individuals.

Refreshing map…

1660 Duke StreetAlexandria, VA 22314
Siviq Scores

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

Liabilities / Assets

33rd percentile

0.01x

Higher debt load relative to assets than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

16th percentile

-17%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

99th percentile

$868,407

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 205.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

25th percentile

-3.8%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Assets

Down

$2,920,855

Down $236,138 (-7.5%) from 2023

Liabilities

Down

$35,725

Down $17,405 (-33%) from 2023

Net Assets

Down

$2,885,130

Down $218,733 (-7.0%) from 2023

Revenue

Up

$422,456

Up $83,499 (+25%) from 2023

Expenses

Up

$496,358

Up $33,597 (+7.3%) from 2023

Net Income

Up

-$73,902

Up $49,902 (+40%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,231,769Liabilities 2011: $36,647Net Assets 2011: $4,195,1222011Assets 2012: $4,119,304Liabilities 2012: $38,025Net Assets 2012: $4,081,2792012Assets 2013: $4,003,330Liabilities 2013: $42,557Net Assets 2013: $3,960,7732013Assets 2014: $3,944,369Liabilities 2014: $39,855Net Assets 2014: $3,904,5142014Assets 2015: $3,872,105Liabilities 2015: $31,380Net Assets 2015: $3,840,7252015Assets 2016: $3,807,100Liabilities 2016: $31,823Net Assets 2016: $3,775,2772016Assets 2017: $3,719,935Liabilities 2017: $21,198Net Assets 2017: $3,698,7372017Assets 2018: $3,653,550Liabilities 2018: $30,340Net Assets 2018: $3,623,2102018Assets 2019: $3,580,060Liabilities 2019: $28,966Net Assets 2019: $3,551,0942019Assets 2020: $3,482,055Liabilities 2020: $31,334Net Assets 2020: $3,450,7212020Assets 2021: $3,381,984Liabilities 2021: $29,859Net Assets 2021: $3,352,1252021Assets 2022: $3,265,557Liabilities 2022: $37,890Net Assets 2022: $3,227,6672022Assets 2023: $3,156,993Liabilities 2023: $53,130Net Assets 2023: $3,103,8632023Assets 2025: $2,920,855Liabilities 2025: $35,725Net Assets 2025: $2,885,1302025

Highlighted filing

2025

Assets$2,920,855
Liabilities$35,725
Net Assets$2,885,130

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $346,0722011Expenses 2012: $360,6682012Expenses 2013: $427,7762013Revenue 2014: $335,390Expenses 2014: $391,649Net Income 2014: -$56,2592014Revenue 2015: $336,158Expenses 2015: $399,947Net Income 2015: -$63,7892015Revenue 2016: $336,745Expenses 2016: $402,193Net Income 2016: -$65,4482016Revenue 2017: $337,837Expenses 2017: $414,377Net Income 2017: -$76,5402017Revenue 2018: $338,355Expenses 2018: $413,882Net Income 2018: -$75,5272018Revenue 2019: $345,551Expenses 2019: $417,667Net Income 2019: -$72,1162019Revenue 2020: $336,628Expenses 2020: $437,001Net Income 2020: -$100,3732020Revenue 2021: $334,932Expenses 2021: $433,528Net Income 2021: -$98,5962021Revenue 2022: $351,317Expenses 2022: $475,775Net Income 2022: -$124,4582022Revenue 2023: $338,957Expenses 2023: $462,761Net Income 2023: -$123,8042023Revenue 2025: $422,456Expenses 2025: $496,358Net Income 2025: -$73,9022025

Highlighted filing

2025

Revenue$422,456
Expenses$496,358
Net Income-$73,902

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$0.04$2.89$0.42$0.50$0.07
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.16$0.05$3.10$0.34$0.46$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.27$0.04$3.23$0.35$0.48$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.38$0.03$3.35$0.33$0.43$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$0.03$3.45$0.34$0.44$0.10
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.58$0.03$3.55$0.35$0.42$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.65$0.03$3.62$0.34$0.41$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.72$0.02$3.70$0.34$0.41$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.81$0.03$3.78$0.34$0.40$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.87$0.03$3.84$0.34$0.40$0.06
2014Detailed filing. Detailed filing data is available for this year.$3.94$0.04$3.90$0.34$0.39$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.00$0.04$3.96$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.12$0.04$4.08$0.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.23$0.04$4.20$0.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 16, 2025
Return Version
2024v5.0
Gross Receipts
$422,456
Mission and Program Overview

Mission

The corporation owns and operates rental property rental property for low income and elderly individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,838,255$2,720,689▼ $117,566
Prepaid Expenses and Deferred Charges$35,662$32,896▼ $2,766
Cash and Non-Interest-Bearing Accounts$1,436$8,183▲ $6,747
Total Assets$3,018,843$2,920,855▼ $97,988
Other Assets Total$143,490$159,087▲ $15,597
Liabilities
Accounts Payable and Accrued Expenses$46,656$21,997▼ $24,659
Other Liabilities$13,155$13,661▲ $506
Deferred Revenue-$67-
Total Liabilities$59,811$35,725▼ $24,086
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,343,978$4,343,978→ $0
Net Assets Without Donor Restrictions$-1,384,946$-1,458,848▼ $73,902
Total Net Assets Fund Balance$2,959,032$2,885,130▼ $73,902
Total Liabilities and Net Assets / Fund Balance$3,018,843$2,920,855▼ $97,988

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,563,511$1,753,509$4,317,020
Land$124,500-$124,500
Other Land Buildings$29,787$90,238$120,025
Equipment$2,891$50,429$53,320
Other Assets Org$14,257--
Compensation and Service Providers

Employees

NameTitleOtherTotal
David NisivocciaAsst. Treas/$516,603$516,603
Joseph BudzynskiAsst Treas/s$465,439$465,439
Paul SoczynskiAsst. Treas/$378,447$378,447
Peter DesjardinsAsst. Treas/$319,503$319,503
Nancy GavinAsst. Sec/tr$285,594$285,594
Kimberly KingAsst. Treas/$256,810$256,810
David PaskoffAsst. Treas/$197,896$197,896
Dejernette BeatyAsst. Treas/$193,522$193,522
Faith NutzAsst. Sec/tr$169,200$169,200

Board Members and Trustees

NameTitle
Nancy RaseChair
Michael W KingPresident
Derrick PerkinsVice Chair
Beth MullenDirector
Carmen JacksonDirector
Janet StringfellowDirector
Jeanne PetersonDirector
Keith KnappDirector
Patrick SheridanDirector
Patti ArnoldDirector
Shawn BloomDirector
Voris VigeeDirector
Walter TejadaDirector
Joseph BudzynskiAsst Treas/sec & CFO
Faith NutzAsst. Sec/treas
Nancy GavinAsst. Sec/treas
David NisivocciaAsst. Treas/sec
David PaskoffAsst. Treas/sec
Dejernette BeatyAsst. Treas/sec
Kimberly KingAsst. Treas/sec
Paul SoczynskiAsst. Treas/sec
Peter DesjardinsAsst. Treas/sec
Karen HackettSecretary
Karen EricksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$416,855
Investment Income
$5,601
Other Revenue
$0
Change in Net Assets
$-73,902

Audited Revenue Reconciliation

Revenue per Audited Statements
$422,456
Total Revenue per Audited Statements
$422,456
Total Revenue per Form 990
$422,456
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$393,922
Salaries, Compensation, and Employee Benefits$102,436
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$138,131--$138,131
Depreciation Depletion$123,925--$123,925
Other Salaries and Wages$77,069--$77,069
Fees for Services Management-$33,484-$33,484
Other Employee Benefits$19,878--$19,878
Office Expenses$13,310--$13,310
Fees for Services Accounting-$11,103-$11,103
Payroll Taxes$5,489--$5,489
Insurance$1,541--$1,541
Conferences and Meetings-$572-$572
Advertising$435--$435
Other Expenses$79--$79
Total Functional Expenses$451,199$45,159$0$496,358

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$496,358
Total Expenses per Audited Statements$496,358
Total Expenses per Form 990$496,358
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
Security Deposits$13,661
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 peter desjardins asst. Sec./a 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 kimberly b. King asst. Sec/tr dir and/or officer of voa david nisivoccia 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 voa kentucky 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 st. Alexandria, va 22314

Filing and Contact Details

Filer

Filer Name
Memphis Voa Elderly Housing Inc
EIN
30-0357171
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Dejernette Beaty
Title
Asst. Treas/sec
Phone
7033415000
Signed
2025-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dejernette Beaty
Formed
2009
Legal Domicile
Tn
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
Raw XML AppendixShowing 400 of 2,682 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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