Civic Intelligence

Voans Preservation and Development

990 • Fiscal year 2022 • EIN 46-3195548

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 22, 2022

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

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

1st percentile

-1106%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

100th percentile

$744,472

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 548.5% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

-$6,048,666

No earlier filing loaded for comparison.

Net Assets

-$6,048,666

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$135,727

No earlier filing loaded for comparison.

Expenses

$1,636,338

No earlier filing loaded for comparison.

Net Income

-$1,500,611

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.

$2.0M$0-$2.0M-$4.0M-$6.0M-$8.0MAssets 2022: -$6,048,666Liabilities 2022: $0Net Assets 2022: -$6,048,6662022Assets 2023: -$6,948,060Liabilities 2023: $0Net Assets 2023: -$6,948,0602023Assets 2024: -$2,792,652Liabilities 2024: $0Net Assets 2024: -$2,792,6522024Assets 2025: -$130,947Liabilities 2025: $11,450Net Assets 2025: -$142,3972025

Highlighted filing

2022

Assets-$6,048,666
Liabilities$0
Net Assets-$6,048,666

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2022: $135,727Expenses 2022: $1,636,338Net Income 2022: -$1,500,6112022Revenue 2023: $1,329,851Expenses 2023: $2,193,608Net Income 2023: -$863,7572023Revenue 2024: $5,017,073Expenses 2024: $3,480,922Net Income 2024: $1,536,1512024Revenue 2025: $44,164,123Expenses 2025: $3,315,104Net Income 2025: $40,849,0192025

Highlighted filing

2022

Revenue$135,727
Expenses$1,636,338
Net Income-$1,500,611
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 22, 2022
Return Version
2021v4.0
Gross Receipts
$135,727
Mission and Program Overview

Mission

The corporation supports the charitable affordable housing activities of volunteers of america, inc. And volunteers of america national services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Assets Total-$-6,048,666-
Total Assets$0$-6,048,666▼ $6,048,666
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$-6,048,666-
Total Net Assets Fund Balance$0$-6,048,666▼ $6,048,666
Total Liabilities and Net Assets / Fund Balance$0$-6,048,666▼ $6,048,666

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$-1,421,927--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sharon Wilson GenoAsst Sec/tre$497,015$497,015
Joseph BudzynskiAsst Sec/tre$405,080$405,080
Kimberly KingAsst. Sec/tr$314,016$314,016
Peter DesjardinsAsst. Sec/tr$268,552$268,552
Nancy GavinAsst. Sec/tr$255,909$255,909
Faith NutzAsst. Sec/tr$146,475$146,475
Milford W MoyerAsst. Sec/tr$105,647$105,647

Board Members and Trustees

NameTitle
Patti ArnoldChairperson
Michael W KingPresident
Nancy RaseVice Chair
Andy EdeburnDirector
Beth MullenDirector
Derrick PerkinsDirector
Edwina CarringtonDirector
James LeblancDirector
Jeanne PetersenDirector
Keith KnappDirector
Pierre VigilanceDirector
Shawn BloomDirector
Stephen WakefieldDirector
Joseph BudzynskiAsst Sec/treas & CFO
Sharon Wilson GenoAsst Sec/treas & COO
Kimberly KingAsst. Sec/treas
Nancy GavinAsst. Sec/treas
Peter DesjardinsAsst. Sec/treas
Thomas DolanSecretary
Jane BurksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$90,760
Investment Income
$0
Other Revenue
$44,967
Change in Net Assets
$-1,500,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,636,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$522,648--$522,648
Other Expenses$189,021--$189,021
Interest$88,464--$88,464
Total Functional Expenses$1,636,338$0$0$1,636,338
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 joseph budzynski 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 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 management duties to volunteers of america national services. 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.

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
Voans Preservation and Development
EIN
46-3195548
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Peter Desjardins
Title
Asst. Sec/treas
Phone
7033415000
Signed
2022-11-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Desjardins
Formed
2013
Legal Domicile
Mn
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
David V Berg Jr
Phone
2259263360
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

R/e loss-snow hill 156,925 0 0 r/e loss-country view i 97,754 0 0 r/e loss-les chateaux wes 95,448 0 0 r/e loss-pavilion gardens 70,916 0 0 r/e loss-tanyard branch 60,948 0 0 r/e loss-santa rosa 29,914 0 0 loss-ptrship interest 10,743 0 0 total 522,648 0 0

Form 990, Part XI, Line 9

Capital contributions-voans 859,473 distributions-voans -4,260,508 pre-2021 net asset activity -1,147,020 total -4,548,055

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc20INVESTMENT IN SAN JUAN VILLAGE

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