Civic Intelligence

Volunteers of America Inc Pontiac Voa Elderly Housing Inc

990 • Fiscal year 2014 • EIN 31-1700059

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 10, 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

64th percentile

0.25x

Higher debt load relative to assets than 64% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

92nd percentile

3.02x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

9th percentile

-32%

Higher net margin than 9% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

98th percentile

$487,861

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 149.1% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

27th percentile

-3.1%

Faster asset growth than 27% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M 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

Down

$3,991,733

Down $128,163 (-3.1%) from 2013

Net Assets

Down

$3,001,736

Down $104,468 (-3.4%) from 2013

Liabilities

Down

$989,997

Down $23,695 (-2.3%) from 2013

Revenue

$327,292

No earlier filing loaded for comparison.

Expenses

Down

$431,760

Down $2,401 (-0.6%) from 2013

Net Income

-$104,468

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.

$6.0M$4.0M$2.0M$0Assets 2011: $4,351,956Liabilities 2011: $988,586Net Assets 2011: $3,363,3702011Assets 2012: $4,246,715Liabilities 2012: $998,742Net Assets 2012: $3,247,9732012Assets 2013: $4,119,896Liabilities 2013: $1,013,692Net Assets 2013: $3,106,2042013Assets 2014: $3,991,733Liabilities 2014: $989,997Net Assets 2014: $3,001,7362014Assets 2015: $3,874,591Liabilities 2015: $994,069Net Assets 2015: $2,880,5222015Assets 2016: $3,731,322Liabilities 2016: $957,580Net Assets 2016: $2,773,7422016Assets 2017: $3,608,701Liabilities 2017: $952,979Net Assets 2017: $2,655,7222017Assets 2018: $3,493,143Liabilities 2018: $945,026Net Assets 2018: $2,548,1172018Assets 2019: $3,401,963Liabilities 2019: $447,862Net Assets 2019: $2,954,1012019Assets 2020: $3,290,763Liabilities 2020: $455,117Net Assets 2020: $2,835,6462020Assets 2021: $3,174,689Liabilities 2021: $448,646Net Assets 2021: $2,726,0432021Assets 2022: $3,053,623Liabilities 2022: $460,378Net Assets 2022: $2,593,2452022Assets 2023: $2,894,691Liabilities 2023: $463,314Net Assets 2023: $2,431,3772023Assets 2024: $2,768,312Liabilities 2024: $525,906Net Assets 2024: $2,242,4062024Assets 2025: $2,639,040Liabilities 2025: $518,160Net Assets 2025: $2,120,8802025

Highlighted filing

2014

Assets$3,991,733
Liabilities$989,997
Net Assets$3,001,736

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $423,9842011Expenses 2012: $432,2242012Expenses 2013: $434,1612013Revenue 2014: $327,292Expenses 2014: $431,760Net Income 2014: -$104,4682014Revenue 2015: $329,406Expenses 2015: $450,620Net Income 2015: -$121,2142015Revenue 2016: $350,526Expenses 2016: $459,776Net Income 2016: -$109,2502016Revenue 2017: $346,384Expenses 2017: $464,404Net Income 2017: -$118,0202017Revenue 2018: $375,457Expenses 2018: $483,062Net Income 2018: -$107,6052018Revenue 2019: $883,379Expenses 2019: $477,395Net Income 2019: $405,9842019Revenue 2020: $397,732Expenses 2020: $516,187Net Income 2020: -$118,4552020Revenue 2021: $407,555Expenses 2021: $517,158Net Income 2021: -$109,6032021Revenue 2022: $395,285Expenses 2022: $528,083Net Income 2022: -$132,7982022Revenue 2023: $381,847Expenses 2023: $543,715Net Income 2023: -$161,8682023Revenue 2024: $419,788Expenses 2024: $608,759Net Income 2024: -$188,9712024Revenue 2025: $419,837Expenses 2025: $541,363Net Income 2025: -$121,5262025

Highlighted filing

2014

Revenue$327,292
Expenses$431,760
Net Income-$104,468
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 10, 2014
Return Version
2013v3.1
Gross Receipts
$327,292
Mission and Program Overview

Mission

Provides housing to elderly and disabled persons and 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$3,875,118$3,786,514▼ $88,604
Prepaid Expenses and Deferred Charges$14,201$13,013▼ $1,188
Cash and Non-Interest-Bearing Accounts$1,729$4,402▲ $2,673
Accounts Receivable$3,343$2,320▼ $1,023
Total Assets$4,119,896$3,991,733▼ $128,163
Other Assets Total$225,505$185,484▼ $40,021
Liabilities
Mortgage Notes Payable Secured by Investment Property$906,765$906,765→ $0
Accounts Payable and Accrued Expenses$91,667$67,048▼ $24,619
Other Liabilities$15,046$15,532▲ $486
Deferred Revenue$214$652▲ $438
Total Liabilities$1,013,692$989,997▼ $23,695
Net Assets / Fund Balance
Unrestricted Net Assets$3,106,204$3,001,736▼ $104,468
Total Net Assets Fund Balance$3,106,204$3,001,736▼ $104,468
Total Liabilities and Net Assets / Fund Balance$4,119,896$3,991,733▼ $128,163

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,512,545$1,305,414$4,817,959
Land$215,900-$215,900
Other Land Buildings$58,069$57,250$115,319
Compensation and Service Providers

Employees

NameTitleOtherTotal
Michael W KingPresident/di$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/tr$246,967$246,967
Nancy GavinAsst. Sec/tr$212,691$212,691
Deborah PerryAsst Sec/tre$181,587$181,587

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$327,002
Investment Income
$290
Other Revenue
$0
Change in Net Assets
$-104,468

Audited Revenue Reconciliation

Revenue per Audited Statements
$327,292
Total Revenue per Audited Statements
$327,292
Total Revenue per Form 990
$327,292
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$330,784
Salaries, Compensation, and Employee Benefits$100,976
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$127,348--$127,348
Occupancy$82,906--$82,906
Other Salaries and Wages$78,588--$78,588
Fees for Services Management-$23,542-$23,542
Office Expenses$17,247--$17,247
Other Employee Benefits$16,889--$16,889
Fees for Services Accounting-$8,700-$8,700
Payroll Taxes$5,499--$5,499
Insurance$3,624--$3,624
Conferences and Meetings$1,474--$1,474
Advertising$922--$922
Other Expenses$185--$185
Fees for Services Legal-$20-$20
Total Functional Expenses$399,498$32,262$0$431,760

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$431,760
Total Expenses per Audited Statements$431,760
Total Expenses per Form 990$431,760
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$15,532
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
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 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 property management duties to voa michigan, 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 and volunteers of america southeast michigan have 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.

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
31-1700059
Phone
7033415000

Signing Officer

Name
Thomas D Turnbull
Title
Asst. Sec/treas
Phone
7033415000
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
11
Employees
0

Preparer

Preparer
William B Beale
Phone
2259263360
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASST. SEC/TR
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$0.52$2.12$0.42$0.54$0.12
2024Detailed filing. Detailed filing data is available for this year.$2.77$0.53$2.24$0.42$0.61$0.19
2023Detailed filing. Detailed filing data is available for this year.$2.89$0.46$2.43$0.38$0.54$0.16
2022Detailed filing. Detailed filing data is available for this year.$3.05$0.46$2.59$0.40$0.53$0.13
2021Detailed filing. Detailed filing data is available for this year.$3.17$0.45$2.73$0.41$0.52$0.11
2020Detailed filing. Detailed filing data is available for this year.$3.29$0.46$2.84$0.40$0.52$0.12
2019Detailed filing. Detailed filing data is available for this year.$3.40$0.45$2.95$0.88$0.48$0.41
2018Detailed filing. Detailed filing data is available for this year.$3.49$0.95$2.55$0.38$0.48$0.11
2017Detailed filing. Detailed filing data is available for this year.$3.61$0.95$2.66$0.35$0.46$0.12
2016Detailed filing. Detailed filing data is available for this year.$3.73$0.96$2.77$0.35$0.46$0.11
2015Detailed filing. Detailed filing data is available for this year.$3.87$0.99$2.88$0.33$0.45$0.12
2014Detailed filing. Detailed filing data is available for this year.$3.99$0.99$3.00$0.33$0.43$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.12$1.01$3.11$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.25$1.00$3.25$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.35$0.99$3.36$0.42