Civic Intelligence

Voa Lee County Health Care Facility

EIN 47-5437917 • 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

97th percentile

1.16x

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

3.08x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

34th percentile

-0.2%

Higher net margin than 34% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

91st percentile

$825,085

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

23rd percentile

-1.8%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

45th percentile

5.6%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$48,166,625

Down $871,973 (-1.8%) from 2023

Liabilities

Down

$56,101,399

Down $834,298 (-1.5%) from 2023

Net Assets

Down

-$7,934,774

Down $37,675 (-0.5%) from 2023

Revenue

Up

$18,235,257

Up $968,398 (+5.6%) from 2023

Expenses

Up

$18,272,932

Up $968,510 (+5.6%) from 2023

Net Income

Down

-$37,675

Down $112 (-0.3%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2020: $50,222,983Liabilities 2020: $52,789,552Net Assets 2020: -$2,566,5692020Assets 2021: $50,009,760Liabilities 2021: $57,786,135Net Assets 2021: -$7,776,3752021Assets 2022: $49,862,445Liabilities 2022: $57,721,981Net Assets 2022: -$7,859,5362022Assets 2023: $49,038,598Liabilities 2023: $56,935,697Net Assets 2023: -$7,897,0992023Assets 2024: $48,166,625Liabilities 2024: $56,101,399Net Assets 2024: -$7,934,7742024

Highlighted filing

2024

Assets$48,166,625
Liabilities$56,101,399
Net Assets-$7,934,774

Operations Trend

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

$20M$10M$0-$10MRevenue 2020: $1,190,429Expenses 2020: $4,884,708Net Income 2020: -$3,694,2792020Revenue 2021: $7,739,399Expenses 2021: $12,949,205Net Income 2021: -$5,209,8062021Revenue 2022: $16,449,243Expenses 2022: $16,532,404Net Income 2022: -$83,1612022Revenue 2023: $17,266,859Expenses 2023: $17,304,422Net Income 2023: -$37,5632023Revenue 2024: $18,235,257Expenses 2024: $18,272,932Net Income 2024: -$37,6752024

Highlighted filing

2024

Revenue$18,235,257
Expenses$18,272,932
Net Income-$37,675

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
$18,235,257
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$39,035,776$37,782,820▼ $1,252,956
Cash and Non-Interest-Bearing Accounts$3,054,654$3,292,184▲ $237,530
Accounts Receivable$1,246,035$1,225,012▼ $21,023
Prepaid Expenses and Deferred Charges$751,981$678,340▼ $73,641
Inventories for Sale or Use$35,883$51,976▲ $16,093
Savings and Temporary Cash Investments$29$11,673▲ $11,644
Total Assets$49,038,598$48,166,625▼ $871,973
Other Assets Total$4,914,240$5,124,620▲ $210,380
Liabilities
Tax Exempt Bond Liabilities$47,815,988$47,268,566▼ $547,422
Other Liabilities$7,664,266$7,467,919▼ $196,347
Accounts Payable and Accrued Expenses$1,403,642$1,348,639▼ $55,003
Deferred Revenue$51,801$16,275▼ $35,526
Total Liabilities$56,935,697$56,101,399▼ $834,298
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-7,897,099$-7,934,774▼ $37,675
Total Net Assets Fund Balance$-7,897,099$-7,934,774▼ $37,675
Total Liabilities and Net Assets / Fund Balance$49,038,598$48,166,625▼ $871,973

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,380,505$3,846,687$35,227,192
Land$4,331,042-$4,331,042
Equipment$2,027,921$1,552,879$3,580,800
Other Land Buildings$43,352$33,312$76,664
Other Assets Org$22,062--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ryan KellerExecutive DirectorFT$111,950$9,191$121,141
Ivette Molina SerpaNurse ManagerFT$101,084$4,648$105,732

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 AndySecretary
Erickson KarenTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Volunteers Of America National ServicesManagement Fees7485 OFFICE RIDGE CIRCLE, Eden Prairie, MN 55344$693,177
Gulf Coast VillageTemporary Help1333 SANTA BARBARA BOULEVARD, Cape Coral, FL 33991$128,668
Alsco-fort MyersSupplier Of Uniforms1641 OLD US 41 UNIT 1, Fort Myers, FL 33912$114,262
Revenue and Support

Revenue Composition

Contributions and Grants
$3,705,120
Program Service Revenue
$14,252,012
Investment Income
$278,125
Other Revenue
$0
All Other Contributions
$5,120
Change in Net Assets
$-37,675

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,235,257
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$18,235,257
Total Revenue per Form 990
$18,235,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,158,833
Salaries, Compensation, and Employee Benefits$9,114,099
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,638,587$65,640-$7,704,227
Interest$2,860,254$964-$2,861,218
Depreciation Depletion$1,356,577$12,729-$1,369,306
Insurance$1,346,713$11,980-$1,358,693
Fees for Services Other$354,329$641,571-$995,900
Other Employee Benefits$838,687$11,815-$850,502
Payroll Taxes$520,149--$520,149
Occupancy$418,986$4,035-$423,021
Office Expenses$201,524--$201,524
Information Technology$177,833--$177,833
Fees for Services Legal$147,549--$147,549
All Other Expenses$103,024--$103,024
Other Expenses$92,936$2,599-$92,936
Advertising$86,094--$86,094
Travel$58,878--$58,878
Pension Plan Contributions$39,221--$39,221
Fees for Services Accounting$25,210--$25,210
Conferences and Meetings$2,162--$2,162
Total Functional Expenses$17,521,599$751,333$0$18,272,932

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,272,932
Total Expenses per Audited Statements$18,272,932
Total Expenses per Form 990$18,272,932
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$7,467,919

Bond Issues

BondIssuerIssuedIssue PricePurpose
ALee County Industrial Development Authority2017-12-21$46,080,524To finance the construction of a 113 bed health care facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$46,080,524-$1,765,000$921,609

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 has the right to 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 Lee County Health Care Facility
EIN
47-5437917
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
2015
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
14
Employees
231
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 I, LINE I AND PART III, LINE 1:

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 lee county health care facility was organized and is operated to provide healthcare and other supportive services to seniors and disabled individuals.

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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