Civic Intelligence

Volunteers of America Inc

990 • Fiscal year 2019 • EIN 45-4963872

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 09, 2019

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

28th percentile

0.05x

Higher debt load relative to assets than 28% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

1.17x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

5th percentile

-50%

Higher net margin than 5% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$615,490

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 127.2% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

24th percentile

-2.2%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

41st percentile

1.0%

Faster revenue growth than 41% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$10,565,387

Down $232,267 (-2.2%) from 2018

Net Assets

Down

$10,000,811

Down $243,398 (-2.4%) from 2018

Liabilities

Up

$564,576

Up $11,131 (+2.0%) from 2018

Revenue

Up

$484,039

Up $4,911 (+1.0%) from 2018

Expenses

Up

$727,437

Up $26,908 (+3.8%) from 2018

Net Income

Down

-$243,398

Down $21,997 (-9.9%) from 2018

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

2019

Assets$10,565,387
Liabilities$564,576
Net Assets$10,000,811

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

2019

Revenue$484,039
Expenses$727,437
Net Income-$243,398
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 9, 2019
Return Version
2018v3.1
Gross Receipts
$484,039
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$10,009,354$9,749,620▼ $259,734
Prepaid Expenses and Deferred Charges$26,546$29,085▲ $2,539
Cash and Non-Interest-Bearing Accounts$39,494$17,965▼ $21,529
Accounts Receivable$3,445$793▼ $2,652
Total Assets$10,797,654$10,565,387▼ $232,267
Other Assets Total$718,815$767,924▲ $49,109
Liabilities
Mortgage Notes Payable Secured by Investment Property$500,000$500,000→ $0
Other Liabilities$29,119$38,600▲ $9,481
Accounts Payable and Accrued Expenses$18,507$22,137▲ $3,630
Deferred Revenue$5,819$3,839▼ $1,980
Total Liabilities$553,445$564,576▲ $11,131
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$10,795,100-
Unrestricted Net Assets$10,244,209$-794,289▼ $11,038,498
Total Net Assets Fund Balance$10,244,209$10,000,811▼ $243,398
Total Liabilities and Net Assets / Fund Balance$10,797,654$10,565,387▼ $232,267

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,217,811$883,900$10,101,711
Land$500,000-$500,000
Other Land Buildings$31,809$24,117$55,926
Other Assets Org$767,924--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sharon Wilson GenoAsst Sec/tre$378,388$378,388
Joseph a BudzynskiAsst Sec/tre$332,153$332,153
Robert GibsonAsst. Sec/tr$332,046$332,046
Nancy a GavinAsst. Sec/tr$224,221$224,221
Faith NutzAsst. Sec/tr$133,516$133,516

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$482,647
Investment Income
$1,392
Other Revenue
$0
Change in Net Assets
$-243,398

Audited Revenue Reconciliation

Revenue per Audited Statements
$484,039
Total Revenue per Audited Statements
$484,039
Total Revenue per Form 990
$484,039
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$581,440
Salaries, Compensation, and Employee Benefits$145,997
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$259,734--$259,734
Other Salaries and Wages$119,057--$119,057
Occupancy$98,096--$98,096
Fees for Services Management-$46,585-$46,585
Office Expenses$26,426--$26,426
Payroll Taxes$14,670--$14,670
Fees for Services Accounting-$13,517-$13,517
Other Employee Benefits$12,270--$12,270
Other Expenses$9,560$2,050-$9,560
Insurance$3,151--$3,151
Fees for Services Legal-$2,912-$2,912
Advertising$2,181--$2,181
Conferences and Meetings-$955-$955
All Other Expenses$614--$614
Total Functional Expenses$661,418$66,019$0$727,437

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$727,437
Total Expenses per Audited Statements$727,437
Total Expenses per Form 990$727,437
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$26,092
Residual Receipts in Excess$12,508
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 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 faith nutz asst. Sec./a dir and/or officer of voa robin keller assistant se dir and/or officer of voa sharon wilson geno 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 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
2019-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
2012
Legal Domicile
Mi
Voting Board Members
15
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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