Civic Intelligence

Volunteers of America Inc

990 • Fiscal year 2018 • EIN 39-1675367

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 26, 2018

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

95th percentile

1.27x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

3.30x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

54th percentile

5.0%

Higher net margin than 54% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

99th percentile

$562,589

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 245.3% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

44th percentile

-0.1%

Faster asset growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

57th percentile

7.5%

Faster revenue growth than 57% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$596,466

Down $361 (-0.1%) from 2017

Net Assets

Up

-$160,082

Up $11,449 (+6.7%) from 2017

Liabilities

Down

$756,548

Down $11,810 (-1.5%) from 2017

Revenue

Up

$229,361

Up $15,929 (+7.5%) from 2017

Expenses

Up

$217,912

Up $7,592 (+3.6%) from 2017

Net Income

Up

$11,449

Up $8,337 (+268%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $705,353Liabilities 2011: $834,506Net Assets 2011: -$129,1532011Assets 2012: $700,371Liabilities 2012: $817,028Net Assets 2012: -$116,6572012Assets 2013: $665,216Liabilities 2013: $809,306Net Assets 2013: -$144,0902013Assets 2014: $642,588Liabilities 2014: $788,670Net Assets 2014: -$146,0822014Assets 2015: $622,453Liabilities 2015: $772,515Net Assets 2015: -$150,0622015Assets 2016: $602,746Liabilities 2016: $777,389Net Assets 2016: -$174,6432016Assets 2017: $596,827Liabilities 2017: $768,358Net Assets 2017: -$171,5312017Assets 2018: $596,466Liabilities 2018: $756,548Net Assets 2018: -$160,0822018Assets 2019: $585,673Liabilities 2019: $755,984Net Assets 2019: -$170,3112019Assets 2020: $21,170Liabilities 2020: $3,750Net Assets 2020: $17,4202020Assets 2021: $4,759Liabilities 2021: $0Net Assets 2021: $4,7592021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2018

Assets$596,466
Liabilities$756,548
Net Assets-$160,082

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $197,7082011Expenses 2012: $195,0052012Revenue 2013: $191,062Expenses 2013: $218,495Net Income 2013: -$27,4332013Revenue 2014: $217,290Expenses 2014: $219,282Net Income 2014: -$1,9922014Revenue 2015: $211,938Expenses 2015: $215,918Net Income 2015: -$3,9802015Revenue 2016: $189,521Expenses 2016: $214,102Net Income 2016: -$24,5812016Revenue 2017: $213,432Expenses 2017: $210,320Net Income 2017: $3,1122017Revenue 2018: $229,361Expenses 2018: $217,912Net Income 2018: $11,4492018Revenue 2019: $207,308Expenses 2019: $217,537Net Income 2019: -$10,2292019Revenue 2020: $637,155Expenses 2020: $81,845Net Income 2020: $555,3102020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024Revenue 2025: $0Expenses 2025: $0Net Income 2025: $02025

Highlighted filing

2018

Revenue$229,361
Expenses$217,912
Net Income$11,449
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 26, 2018
Return Version
2017v2.3
Gross Receipts
$229,361
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$494,324$469,288▼ $25,036
Accounts Receivable$6,409$8,978▲ $2,569
Prepaid Expenses and Deferred Charges$3,263$3,456▲ $193
Cash and Non-Interest-Bearing Accounts$4,279$858▼ $3,421
Total Assets$596,827$596,466▼ $361
Other Assets Total$88,552$113,886▲ $25,334
Liabilities
Mortgage Notes Payable Secured by Investment Property$716,168$694,647▼ $21,521
Accounts Payable and Accrued Expenses$48,541$51,845▲ $3,304
Other Liabilities$3,392$9,527▲ $6,135
Deferred Revenue$257$529▲ $272
Total Liabilities$768,358$756,548▼ $11,810
Net Assets / Fund Balance
Unrestricted Net Assets$-171,531$-160,082▲ $11,449
Total Net Assets Fund Balance$-171,531$-160,082▲ $11,449
Total Liabilities and Net Assets / Fund Balance$596,827$596,466▼ $361

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$344,248$559,704$903,952
Land$91,342-$91,342
Other Land Buildings$29,825$44,103$73,928
Equipment$3,873$63,277$67,150
Other Assets Org$1,672--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Joseph a BudzynskiAsst. Sec/tr$329,643$329,643
Robert GibsonAsst. Sec/tr$322,628$322,628
Sharon Wilson GenoAsst. Sec/tr$306,977$306,977
Nancy a GavinAsst. Sec/tr$212,308$212,308
Deborah a PerryAsst. Sec/tr$187,448$187,448

Board Members and Trustees

NameTitle
Jane BurksBoard Chair
Michael W KingPresident
David C KikumotoVice Chairma
Andy EdeburnDirector
James LeblancDirector
Jeanne PetersenDirector
Karen DaleDirector
Keith KnappDirector
Michael SullivanDirector
Nancy RaseDirector
Shawn BloomDirector
Steve WakefieldDirector
Thomas DolanDirector
Cynthia R KellerAsst. Sec.
Patrick N SheridanAsst. Sec.
Deborah a PerryAsst. Sec/treas
Nancy a GavinAsst. Sec/treas
Robert GibsonAsst. Sec/treas
Sharon Wilson GenoAsst. Sec/treas
Joseph a BudzynskiAsst. Sec/treas, CFO
Edwina CarringtonSecretary
Patti ArnoldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$228,601
Investment Income
$760
Other Revenue
$0
Change in Net Assets
$11,449

Audited Revenue Reconciliation

Revenue per Audited Statements
$229,361
Total Revenue per Audited Statements
$229,361
Total Revenue per Form 990
$229,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$185,627
Salaries, Compensation, and Employee Benefits$32,285
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$74,730--$74,730
Depreciation Depletion$29,681--$29,681
Other Salaries and Wages$26,312--$26,312
Fees for Services Management-$9,657-$9,657
Fees for Services Accounting-$6,369-$6,369
Office Expenses$5,576--$5,576
Other Employee Benefits$4,051--$4,051
Payroll Taxes$1,922--$1,922
Insurance$723--$723
Fees for Services Legal-$640-$640
Conferences and Meetings$467--$467
Advertising$308--$308
Other Expenses$270--$270
Total Functional Expenses$201,246$16,666$0$217,912

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$217,912
Total Expenses per Audited Statements$217,912
Total Expenses per Form 990$217,912
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
Accrued Service Coor. Expenses$6,094
Security Deposits$3,433
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 sharon wilson geno asst. Sec./a dir and/or officer of voa robert gibson 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 minnesota 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
Milwaukee Voa Housing Inc
EIN
39-1675367
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst. Sec/treas, CFO
Phone
7033415000
Signed
2018-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
1988
Legal Domicile
Wi
Voting Board Members
14
Independent Board Members
12
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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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.04$0.17$6.37$0.82$5.55
2019Detailed filing. Detailed filing data is available for this year.$5.86$7.56$1.70$2.07$2.18$0.10
2018Detailed filing. Detailed filing data is available for this year.$5.96$7.57$1.60$2.29$2.18$0.11
2017Detailed filing. Detailed filing data is available for this year.$5.97$7.68$1.72$2.13$2.10$0.03
2016Detailed filing. Detailed filing data is available for this year.$6.03$7.77$1.75$1.90$2.14$0.25
2015Detailed filing. Detailed filing data is available for this year.$6.22$7.73$1.50$2.12$2.16$0.04
2014Detailed filing. Detailed filing data is available for this year.$6.43$7.89$1.46$2.17$2.19$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.65$8.09$1.44$1.91$2.18$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.00$8.17$1.17$1.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.05$8.35$1.29$1.98