Civic Intelligence

Volunteers of America Inc

990 • Fiscal year 2017 • EIN 45-4963872

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 28, 2017

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

27th percentile

0.05x

Higher debt load relative to assets than 27% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

1.16x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

7th percentile

-39%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

91st percentile

$538,642

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 111.5% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

25th percentile

-1.6%

Faster asset growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

108%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Down

$11,026,417

Down $176,729 (-1.6%) from 2016

Net Assets

Down

$10,465,610

Down $187,928 (-1.8%) from 2016

Liabilities

Up

$560,807

Up $11,199 (+2.0%) from 2016

Revenue

Up

$483,109

Up $251,151 (+108%) from 2016

Expenses

Up

$671,037

Up $297,517 (+80%) from 2016

Net Income

Down

-$187,928

Down $46,366 (-33%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2016: $11,203,146Liabilities 2016: $549,608Net Assets 2016: $10,653,5382016Assets 2017: $11,026,417Liabilities 2017: $560,807Net Assets 2017: $10,465,6102017Assets 2018: $10,797,654Liabilities 2018: $553,445Net Assets 2018: $10,244,2092018Assets 2019: $10,565,387Liabilities 2019: $564,576Net Assets 2019: $10,000,8112019Assets 2020: $10,338,098Liabilities 2020: $560,067Net Assets 2020: $9,778,0312020Assets 2021: $10,127,930Liabilities 2021: $558,599Net Assets 2021: $9,569,3312021Assets 2022: $9,894,389Liabilities 2022: $556,958Net Assets 2022: $9,337,4312022Assets 2023: $9,675,113Liabilities 2023: $556,258Net Assets 2023: $9,118,8552023Assets 2024: $9,458,308Liabilities 2024: $587,840Net Assets 2024: $8,870,4682024Assets 2025: $9,274,439Liabilities 2025: $591,825Net Assets 2025: $8,682,6142025

Highlighted filing

2017

Assets$11,026,417
Liabilities$560,807
Net Assets$10,465,610

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $231,958Expenses 2016: $373,520Net Income 2016: -$141,5622016Revenue 2017: $483,109Expenses 2017: $671,037Net Income 2017: -$187,9282017Revenue 2018: $479,128Expenses 2018: $700,529Net Income 2018: -$221,4012018Revenue 2019: $484,039Expenses 2019: $727,437Net Income 2019: -$243,3982019Revenue 2020: $498,279Expenses 2020: $721,059Net Income 2020: -$222,7802020Revenue 2021: $520,042Expenses 2021: $728,742Net Income 2021: -$208,7002021Revenue 2022: $522,544Expenses 2022: $754,444Net Income 2022: -$231,9002022Revenue 2023: $522,709Expenses 2023: $741,285Net Income 2023: -$218,5762023Revenue 2024: $540,561Expenses 2024: $788,948Net Income 2024: -$248,3872024Revenue 2025: $615,122Expenses 2025: $802,976Net Income 2025: -$187,8542025

Highlighted filing

2017

Revenue$483,109
Expenses$671,037
Net Income-$187,928
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 28, 2017
Return Version
2016v3.0
Gross Receipts
$483,109
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$10,517,631$10,269,087▼ $248,544
Cash and Non-Interest-Bearing Accounts$11,493$46,941▲ $35,448
Accounts Receivable$34,329$1,603▼ $32,726
Prepaid Expenses and Deferred Charges$20,382$975▼ $19,407
Total Assets$11,203,146$11,026,417▼ $176,729
Other Assets Total$619,311$707,811▲ $88,500
Liabilities
Mortgage Notes Payable Secured by Investment Property$500,000$500,000→ $0
Accounts Payable and Accrued Expenses$18,859$29,623▲ $10,764
Other Liabilities$24,624$25,819▲ $1,195
Deferred Revenue$6,125$5,365▼ $760
Total Liabilities$549,608$560,807▲ $11,199
Net Assets / Fund Balance
Unrestricted Net Assets$10,653,538$10,465,610▼ $187,928
Total Net Assets Fund Balance$10,653,538$10,465,610▼ $187,928
Total Liabilities and Net Assets / Fund Balance$11,203,146$11,026,417▼ $176,729

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,722,897$378,814$10,101,711
Land$500,000-$500,000
Other Land Buildings$46,190$9,736$55,926
Other Assets Org$707,811--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Thomas D TurnbullAsst. Sec/tr$430,765$430,765
Joseph a BudzynskiAsst. Sec/tr$295,181$295,181
Nancy GavinAsst. Sec/tr$212,905$212,905
Deborah PerryAsst. Sec/tr$187,200$187,200

Board Members and Trustees

NameTitle
Jane BurksBoard Chair
Michael W KingPresident
C David KikumotoVice Chairma
Andy EdeburnDirector
James LeblancDirector
Karen DaleDirector
Keith KnappDirector
Michael SullivanDirector
Nancy RaseDirector
Patti ArnoldDirector
Stephen WakefieldDirector
Wilfred N Cooper SrDirector
Patrick SheridanAsst. Sec.
Robin KellerAsst. Sec.
Deborah PerryAsst. Sec/treas
Nancy GavinAsst. Sec/treas
Thomas D TurnbullAsst. Sec/treas
Joseph a BudzynskiAsst. Sec/treas, CFO
Robert D GibsonKey Employee
Wayne C OlsonKey Employee
Edwina CarringtonSecretary
Carol MooreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$482,279
Investment Income
$830
Other Revenue
$0
Change in Net Assets
$-187,928

Audited Revenue Reconciliation

Revenue per Audited Statements
$483,109
Total Revenue per Audited Statements
$483,109
Total Revenue per Form 990
$483,109
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$543,428
Salaries, Compensation, and Employee Benefits$127,609
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$259,034--$259,034
Other Salaries and Wages$104,392--$104,392
Occupancy$84,914--$84,914
Fees for Services Management-$45,081-$45,081
Office Expenses$26,562--$26,562
Other Employee Benefits$13,288--$13,288
Fees for Services Accounting-$11,825-$11,825
Payroll Taxes$9,929--$9,929
Conferences and Meetings$6,222--$6,222
Insurance$4,011--$4,011
Advertising$3,934--$3,934
Fees for Services Legal-$449-$449
Other Expenses$68--$68
Total Functional Expenses$613,682$57,355$0$671,037

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$671,037
Total Expenses per Audited Statements$671,037
Total Expenses per Form 990$671,037
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$25,819
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 director 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 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
Taylor Voa Elderly Housing Inc
EIN
45-4963872
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst. Sec/treas, CFO
Phone
7033415000
Signed
2017-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
2012
Legal Domicile
Mi
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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