Civic Intelligence

Voa Growth Corporation Adirondacks Apartments

EIN 41-1980885 • 501(c)3 • Alexandria, VA

Profile

Provides housing for low income households under section 515 of the u.s. Department of agriculture rural rental housing programs.

Refreshing map…

1660 Duke StreetAlexandria, VA 22314
Siviq Scores

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

Liabilities / Assets

98th percentile

2.30x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

3.75x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

23rd percentile

-10%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

100th percentile

$868,407

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 208.6% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

24th percentile

-7.4%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

49th percentile

6.2%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Down

$678,380

Down $53,935 (-7.4%) from 2024

Liabilities

Down

$1,560,033

Down $12,142 (-0.8%) from 2024

Net Assets

Down

-$881,653

Down $41,793 (-5.0%) from 2024

Revenue

Up

$416,394

Up $24,253 (+6.2%) from 2024

Expenses

Down

$458,187

Down $34,800 (-7.1%) from 2024

Net Income

Up

-$41,793

Up $59,053 (+59%) from 2024

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2011: $1,507,472Liabilities 2011: $1,644,226Net Assets 2011: -$136,7542011Assets 2012: $1,462,815Liabilities 2012: $1,629,181Net Assets 2012: -$166,3662012Assets 2013: $1,425,612Liabilities 2013: $1,646,944Net Assets 2013: -$221,3322013Assets 2014: $1,337,609Liabilities 2014: $1,588,350Net Assets 2014: -$250,7412014Assets 2015: $1,262,978Liabilities 2015: $1,569,350Net Assets 2015: -$306,3722015Assets 2016: $1,172,389Liabilities 2016: $1,580,567Net Assets 2016: -$408,1782016Assets 2017: $1,144,364Liabilities 2017: $1,549,254Net Assets 2017: -$404,8902017Assets 2018: $1,019,351Liabilities 2018: $1,506,186Net Assets 2018: -$486,8352018Assets 2019: $991,891Liabilities 2019: $1,496,679Net Assets 2019: -$504,7882019Assets 2020: $953,160Liabilities 2020: $1,473,170Net Assets 2020: -$520,0102020Assets 2021: $951,018Liabilities 2021: $1,440,416Net Assets 2021: -$489,3982021Assets 2022: $958,000Liabilities 2022: $1,503,269Net Assets 2022: -$545,2692022Assets 2023: $769,164Liabilities 2023: $1,508,178Net Assets 2023: -$739,0142023Assets 2024: $732,315Liabilities 2024: $1,572,175Net Assets 2024: -$839,8602024Assets 2025: $678,380Liabilities 2025: $1,560,033Net Assets 2025: -$881,6532025

Highlighted filing

2025

Assets$678,380
Liabilities$1,560,033
Net Assets-$881,653

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $313,6482011Expenses 2012: $336,0652012Expenses 2013: $365,0002013Revenue 2014: $325,499Expenses 2014: $354,908Net Income 2014: -$29,4092014Revenue 2015: $324,895Expenses 2015: $380,526Net Income 2015: -$55,6312015Revenue 2016: $312,309Expenses 2016: $414,115Net Income 2016: -$101,8062016Revenue 2017: $372,800Expenses 2017: $369,512Net Income 2017: $3,2882017Revenue 2018: $257,949Expenses 2018: $339,894Net Income 2018: -$81,9452018Revenue 2019: $309,780Expenses 2019: $327,733Net Income 2019: -$17,9532019Revenue 2020: $349,728Expenses 2020: $364,950Net Income 2020: -$15,2222020Revenue 2021: $390,841Expenses 2021: $360,229Net Income 2021: $30,6122021Revenue 2022: $302,213Expenses 2022: $358,084Net Income 2022: -$55,8712022Revenue 2023: $275,822Expenses 2023: $469,567Net Income 2023: -$193,7452023Revenue 2024: $392,141Expenses 2024: $492,987Net Income 2024: -$100,8462024Revenue 2025: $416,394Expenses 2025: $458,187Net Income 2025: -$41,7932025

Highlighted filing

2025

Revenue$416,394
Expenses$458,187
Net Income-$41,793

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$1.56$0.88$0.42$0.46$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.73$1.57$0.84$0.39$0.49$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.77$1.51$0.74$0.28$0.47$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.96$1.50$0.55$0.30$0.36$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.95$1.44$0.49$0.39$0.36$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.95$1.47$0.52$0.35$0.36$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.99$1.50$0.50$0.31$0.33$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.02$1.51$0.49$0.26$0.34$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.14$1.55$0.40$0.37$0.37$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.17$1.58$0.41$0.31$0.41$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.26$1.57$0.31$0.32$0.38$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.34$1.59$0.25$0.33$0.35$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$1.65$0.22$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$1.63$0.17$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$1.64$0.14$0.31
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
$416,394
Mission and Program Overview

Mission

Provides housing for low income households under section 515 of the u.s. Department of agriculture rural rental housing programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$582,197$522,285▼ $59,912
Prepaid Expenses and Deferred Charges$50,940$47,631▼ $3,309
Accounts Receivable$25,341$12,992▼ $12,349
Cash and Non-Interest-Bearing Accounts$1,014$7,576▲ $6,562
Total Assets$732,315$678,380▼ $53,935
Other Assets Total$72,823$87,896▲ $15,073
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,503,661$1,470,231▼ $33,430
Accounts Payable and Accrued Expenses$52,283$74,013▲ $21,730
Other Liabilities$13,462$12,595▼ $867
Deferred Revenue$2,769$3,194▲ $425
Total Liabilities$1,572,175$1,560,033▼ $12,142
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-839,860$-881,653▼ $41,793
Total Net Assets Fund Balance$-839,860$-881,653▼ $41,793
Total Liabilities and Net Assets / Fund Balance$732,315$678,380▼ $53,935

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$357,097$1,255,655$1,612,752
Other Land Buildings$36,225$110,492$146,717
Land$128,000-$128,000
Equipment$963$25,496$26,459
Other Assets Org$12,595--
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
$416,380
Investment Income
$14
Other Revenue
$0
Change in Net Assets
$-41,793

Audited Revenue Reconciliation

Revenue per Audited Statements
$416,394
Total Revenue per Audited Statements
$416,394
Total Revenue per Form 990
$416,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$388,247
Salaries, Compensation, and Employee Benefits$69,940
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$113,713--$113,713
Depreciation Depletion$70,215--$70,215
Other Salaries and Wages$63,746--$63,746
Fees for Services Management-$36,320-$36,320
Interest$24,349--$24,349
Fees for Services Legal-$11,871-$11,871
Fees for Services Accounting-$8,616-$8,616
Office Expenses$7,268--$7,268
Payroll Taxes$6,088--$6,088
Insurance$1,434--$1,434
Other Expenses$486$4,958-$486
Conferences and Meetings$300--$300
Advertising$162--$162
Other Employee Benefits$106--$106
Total Functional Expenses$396,422$61,765$0$458,187

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$458,187
Total Expenses per Audited Statements$458,187
Total Expenses per Form 990$458,187
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$12,595
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
Yes
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 robin keller assistant se dir and/or officer of voa david nisivoccia 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 conifer, llc 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 4

The organization amended its articles of incorporation and bylaws to provide that: the organization has no members; that volunteers of america national services has the power to appoint directors; that upon dissolution, remaining assets may be distributed to one or more organizations operated for the purposes described by internal revenue code section 501(c)(3); and that volunteers of america national services must approve amendments to the articles of incorporation or bylaws.

Form 990, Page 6, Part VI, Line 6

Volunteers of america national services is the sole member (bylaws, section 2, 2.1).

Form 990, Page 6, Part VI, Line 7A

Directors of the corporation are appointed by volunteers of america national services.

Form 990, Page 6, Part VI, Line 7B

The articles and 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
Voa Growth Corporation
EIN
41-1980885
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
2003
Legal Domicile
Ny
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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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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