Civic Intelligence

Voa Rehabilitation Centers Inc

EIN 46-3725132 • 501(c)3 • Eden Prairie, MN

7485 Office Ridge CircleEden Prairie, MN 55344

www.voaseniorliving.org

Siviq Scores

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

Liabilities / Assets

98th percentile

1.46x

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

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

2.41x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

33rd percentile

-0.7%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

31st percentile

-0.2%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

62nd percentile

13%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$20,431,672

Up $4,332,902 (+27%) from 2023

Liabilities

Up

$29,508,044

Up $6,069,575 (+26%) from 2023

Net Assets

Down

-$9,076,372

Down $1,736,673 (-24%) from 2023

Revenue

Down

$7,949,251

Down $1,785,702 (-18%) from 2023

Expenses

Down

$9,685,924

Down $119,397 (-1.2%) from 2023

Net Income

Down

-$1,736,673

Down $1,666,305 (-2368%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2015: $19,363,225Liabilities 2015: $19,476,337Net Assets 2015: -$113,1122015Assets 2016: $19,209,210Liabilities 2016: $22,982,177Net Assets 2016: -$3,772,9672016Assets 2017: $17,895,286Liabilities 2017: $24,703,563Net Assets 2017: -$6,808,2772017Assets 2018: $17,365,364Liabilities 2018: $24,515,774Net Assets 2018: -$7,150,4102018Assets 2019: $17,164,210Liabilities 2019: $24,494,576Net Assets 2019: -$7,330,3662019Assets 2020: $16,566,845Liabilities 2020: $24,025,078Net Assets 2020: -$7,458,2332020Assets 2021: $16,227,927Liabilities 2021: $23,431,051Net Assets 2021: -$7,203,1242021Assets 2022: $16,123,561Liabilities 2022: $23,392,892Net Assets 2022: -$7,269,3312022Assets 2023: $16,098,770Liabilities 2023: $23,438,469Net Assets 2023: -$7,339,6992023Assets 2024: $20,431,672Liabilities 2024: $29,508,044Net Assets 2024: -$9,076,3722024

Highlighted filing

2024

Assets$20,431,672
Liabilities$29,508,044
Net Assets-$9,076,372

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2015: $13,785Expenses 2015: $126,897Net Income 2015: -$113,1122015Revenue 2016: $715,685Expenses 2016: $4,375,540Net Income 2016: -$3,659,8552016Revenue 2017: $4,654,640Expenses 2017: $7,689,950Net Income 2017: -$3,035,3102017Revenue 2018: $7,931,398Expenses 2018: $8,262,838Net Income 2018: -$331,4402018Revenue 2019: $8,641,537Expenses 2019: $8,832,186Net Income 2019: -$190,6492019Revenue 2020: $8,879,594Expenses 2020: $9,007,461Net Income 2020: -$127,8672020Revenue 2021: $8,449,252Expenses 2021: $8,194,143Net Income 2021: $255,1092021Revenue 2022: $8,644,106Expenses 2022: $8,708,681Net Income 2022: -$64,5752022Revenue 2023: $9,734,953Expenses 2023: $9,805,321Net Income 2023: -$70,3682023Revenue 2024: $7,949,251Expenses 2024: $9,685,924Net Income 2024: -$1,736,6732024

Highlighted filing

2024

Revenue$7,949,251
Expenses$9,685,924
Net Income-$1,736,673

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 8, 2025
Return Version
2023v6.0
Gross Receipts
$17,194,438
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,131,608$0▼ $10,131,608
Accounts Receivable$1,559,897$1,326,891▼ $233,006
Cash and Non-Interest-Bearing Accounts$1,283,732$1,157,315▼ $126,417
Prepaid Expenses and Deferred Charges$128,736$97,301▼ $31,435
Inventories for Sale or Use$11,956$0▼ $11,956
Total Assets$16,098,770$20,431,672▲ $4,332,902
Other Assets Total$2,982,841$17,850,165▲ $14,867,324
Liabilities
Tax Exempt Bond Liabilities$16,819,054$17,190,000▲ $370,946
Other Liabilities$6,194,567$11,761,171▲ $5,566,604
Accounts Payable and Accrued Expenses$424,848$556,873▲ $132,025
Total Liabilities$23,438,469$29,508,044▲ $6,069,575
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-7,339,699$-9,076,372▼ $1,736,673
Total Net Assets Fund Balance$-7,339,699$-9,076,372▼ $1,736,673
Total Liabilities and Net Assets / Fund Balance$16,098,770$20,431,672▲ $4,332,902

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$17,850,165--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rase NancyChairperson
King Michael WPresident
PerkinsderrickVice Chair
Nickell Jacci JSenior Vice President, Healthcare
Arnold PattiDirector
Bloom ShawnDirector
Carrington EdwinaDirector
Hackett KarenDirector
Knapp KeithDirector
Mullen BethDirector
Peterson JeanneDirector
Sheridan PatrickDirector
Vigee VorisDirector
Vigilance PierreDirector
Gavin Nancy aAsst. Secretary/asst. Treasurer
Nutz Faith aAsst. Secretary/asst. Treasurer
Budzynski Joseph aAsst. Treasurer/asst. Secretary
Desjardins Peter JAsst. Treasurer/asst. Secretary
King Kimberly BAsst. Treasurer/asst. Secretary
Nisivoccia DavidAsst. Treasurer/asst. Secretary
Paskoff David WAsst. Treasurer/asst. Secretary
Soczynski Paul FAsst. Treasurer/asst. Secretary
Edeburn AndrewSecretary
Erickson KarenTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Diamond Healthcare CorporationMedical ServicesPO BOX 85050, Richmond, VA 23285$481,121
Volunteers Of America National ServicesManagement7485 OFFICE RIDGE CIRCLE, Eden Prairie, MN 55344$360,037
Centrex RehabContract Therapy Provider1007 E 14TH STREET, Minneapolis, MN 55404$260,244
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,687,324
Investment Income
$261,927
Other Revenue
$0
Change in Net Assets
$-1,736,673
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,147,294
Salaries, Compensation, and Employee Benefits$4,538,630
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,350,790--$4,350,790
Fees for Services Other$1,281,680$339,938-$1,621,618
Interest$1,126,440$339-$1,126,779
Depreciation Depletion$513,428$4,843-$518,271
All Other Expenses$241,747$1,237-$242,984
Insurance$200,993$2,030-$203,023
Occupancy$159,545$2,123-$161,668
Information Technology$143,950--$143,950
Other Expenses$124,631--$124,631
Other Employee Benefits$113,330--$113,330
Payroll Taxes$71,699--$71,699
Office Expenses$68,833--$68,833
Travel$40,682--$40,682
Fees for Services Accounting$31,974--$31,974
Advertising$14,992--$14,992
Pension Plan Contributions$2,811--$2,811
Fees for Services Legal$2,127--$2,127
Total Functional Expenses$9,335,414$350,510$0$9,685,924
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
Intercompany Payable - Voans$11,126,236
Accrued Interest Payable$582,810
Due to Third Party Payors$51,426
Unclaimed Property$699

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACounty of Seneca Ohio2014-07-30$17,074,800Finance health care facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$17,074,800-$1,025,000$341,496

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Michael king, joseph budzynski, kimberly king, jacci nickell, nancy gavin, paul soczynski, peter desjardins, david paskoff, david nisivoccia, and faith nutz have business relationships with each other, because they serve as directors, officers, and/or key employees of volunteers of america, inc., volunteers of america national services, and/or their related organizations.

Form 990, Part VI, Section A, Line 6

Volunteers of america national services is a member.

Form 990, Part VI, Section A, Line 7A

Volunteers of america national services can elect or appoint directors.

Form 990, Part VI, Section A, Line 7B

Volunteers of america national services approves amendments to the articles and bylaws.

Form 990, Part VI, Section B, Line 11B

The tax return is provided to the board of directors for review. The board has 5 days to review and give comments on the return. After the comment period, any changes will be made to the return. The board of directors is then provided a complete copy of the final return upon filing.

Form 990, Part VI, Section B, 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 potential conflicts arise. Potential conflicts of interest are reviewed by the board of directors and may require said officer, director and key employee to recuse from participation to avoid a conflict of interest.

Form 990, Part VI, Section B, Line 15

The organization's president and ceo is not compensated by the organization but is compensated by a related organization, volunteers of america, inc. Volunteers of america's process for determining compensation of the organization's president and ceo, officers, and key employees includes review and approval by a compensation committee formed of independent members appointed by the board of directors. The compensation committee conducts a market compensation analysis review every year and reports their conclusions to the board of directors.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Voa Rehabilitation Centers Inc
EIN
46-3725132
Phone
9529410305
Address
7485 OFFICE RIDGE CIRCLE, EDEN PRAIRIE, MN 55344

Signing Officer

Name
Nancy Gavin
Title
VP Financial Services
Phone
9529410305
Signed
2025-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Budzynski
Formed
2013
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
14
Employees
38
Volunteers
14

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
225 S 6TH ST 2300, MINNEAPOLIS, MN 55402
Preparer
Karen a Gries
Phone
6128764500
Supplemental Narrative

Additional Explanations

PART 1, LINE 1 AND PART III, LINE I:

Established in 1896, volunteers of america is a national, nonprofit, faith-based organization providing services such as housing and healthcare to more than 2 million people in over 400 communities each year. In support of that mission, voa rehabilitation centers, inc. Was organized and is operated to engage in, advance, support, promote, and administer health and health-related services and supportive services to seniors and individuals with behavioral health needs.

Form 990, Part III, Line 3

Tiffin rehabilitation center and sojourn at seneca were sold during the year.

Form 990, Part IX, Line 11G

Other professional services: program service expenses 70,286. Total expenses 70,286. Purchased services from voa affiliates: program service expenses 395,082. Total expenses 395,082. Management: management and general expenses 339,938. Total expenses 339,938. Consulting: program service expenses 809,091. Total expenses 809,091. Payroll processing: program service expenses 7,221. Total expenses 7,221.

FORM 990, PART XII, LINE 2C:

The organization has not changed either its oversight process or selection process during the tax year.

Financial Statement Notes

PART X, LINE 2:

The organization has evaluated its tax positions for uncertainty and has no unrecognized tax matters that are required to be disclosed. The organization had no income tax expense and there were no cash payments for income taxes in 2024 and 2023.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
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IRS990/Form990PartVIISectionAGrp/PersonNm0KING MICHAEL W
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IRS990/Form990PartVIISectionAGrp/PersonNm2PERKINSDERRICK
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IRS990/Form990PartVIISectionAGrp/PersonNm13VIGEE VORIS
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IRS990/Form990PartVIISectionAGrp/PersonNm16KING KIMBERLY B
IRS990/Form990PartVIISectionAGrp/PersonNm17DESJARDINS PETER J
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IRS990/Form990PartVIISectionAGrp/PersonNm20NUTZ FAITH A
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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