Civic Intelligence

Voa Hickory Knoll Inc Hickory Knoll

990 • Fiscal year 2021 • EIN 56-2188789

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 04, 2021

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

51st percentile

0.08x

Higher debt load relative to assets than 51% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

0.51x

Higher debt load relative to revenue than 80% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

8th percentile

-31%

Higher net margin than 8% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

99th percentile

$676,817

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 227.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

24th percentile

-0.9%

Faster asset growth than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

7.2%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,995,350

Down $17,591 (-0.9%) from 2020

Net Assets

Down

$1,843,592

Down $90,987 (-4.7%) from 2020

Liabilities

Up

$151,758

Up $73,396 (+94%) from 2020

Revenue

Up

$297,888

Up $20,017 (+7.2%) from 2020

Expenses

Up

$388,875

Up $45,832 (+13%) from 2020

Net Income

Down

-$90,987

Down $25,815 (-40%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,517,855Liabilities 2011: $39,149Net Assets 2011: $2,478,7062011Assets 2012: $2,450,496Liabilities 2012: $41,018Net Assets 2012: $2,409,4782012Assets 2013: $2,388,997Liabilities 2013: $49,375Net Assets 2013: $2,339,6222013Assets 2014: $2,318,883Liabilities 2014: $47,809Net Assets 2014: $2,271,0742014Assets 2015: $2,267,744Liabilities 2015: $42,556Net Assets 2015: $2,225,1882015Assets 2016: $2,216,505Liabilities 2016: $47,374Net Assets 2016: $2,169,1312016Assets 2017: $2,158,150Liabilities 2017: $44,823Net Assets 2017: $2,113,3272017Assets 2018: $2,102,555Liabilities 2018: $44,035Net Assets 2018: $2,058,5202018Assets 2019: $2,069,643Liabilities 2019: $69,892Net Assets 2019: $1,999,7512019Assets 2020: $2,012,941Liabilities 2020: $78,362Net Assets 2020: $1,934,5792020Assets 2021: $1,995,350Liabilities 2021: $151,758Net Assets 2021: $1,843,5922021Assets 2022: $1,950,545Liabilities 2022: $144,573Net Assets 2022: $1,805,9722022Assets 2023: $1,870,394Liabilities 2023: $119,531Net Assets 2023: $1,750,8632023Assets 2024: $1,821,494Liabilities 2024: $139,181Net Assets 2024: $1,682,3132024Assets 2025: $1,776,830Liabilities 2025: $192,961Net Assets 2025: $1,583,8692025

Highlighted filing

2021

Assets$1,995,350
Liabilities$151,758
Net Assets$1,843,592

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $248,0482011Expenses 2012: $261,1912012Expenses 2013: $295,1882013Revenue 2014: $252,813Expenses 2014: $321,361Net Income 2014: -$68,5482014Revenue 2015: $261,010Expenses 2015: $306,896Net Income 2015: -$45,8862015Revenue 2016: $271,622Expenses 2016: $327,679Net Income 2016: -$56,0572016Revenue 2017: $281,589Expenses 2017: $337,393Net Income 2017: -$55,8042017Revenue 2018: $283,161Expenses 2018: $337,968Net Income 2018: -$54,8072018Revenue 2019: $284,684Expenses 2019: $343,453Net Income 2019: -$58,7692019Revenue 2020: $277,871Expenses 2020: $343,043Net Income 2020: -$65,1722020Revenue 2021: $297,888Expenses 2021: $388,875Net Income 2021: -$90,9872021Revenue 2022: $329,532Expenses 2022: $367,152Net Income 2022: -$37,6202022Revenue 2023: $326,973Expenses 2023: $382,082Net Income 2023: -$55,1092023Revenue 2024: $333,722Expenses 2024: $402,272Net Income 2024: -$68,5502024Revenue 2025: $333,877Expenses 2025: $432,321Net Income 2025: -$98,4442025

Highlighted filing

2021

Revenue$297,888
Expenses$388,875
Net Income-$90,987
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 4, 2021
Return Version
2020v4.0
Gross Receipts
$297,888
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$1,820,944$1,772,670▼ $48,274
Accounts Receivable$35,659$67,099▲ $31,440
Prepaid Expenses and Deferred Charges$16,877$18,758▲ $1,881
Cash and Non-Interest-Bearing Accounts$3,685$794▼ $2,891
Total Assets$2,012,941$1,995,350▼ $17,591
Other Assets Total$135,776$136,029▲ $253
Liabilities
Accounts Payable and Accrued Expenses$47,199$117,841▲ $70,642
Mortgage Notes Payable Secured by Investment Property$18,052$18,052→ $0
Other Liabilities$12,433$12,061▼ $372
Deferred Revenue$678$3,804▲ $3,126
Total Liabilities$78,362$151,758▲ $73,396
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,047,600$3,047,600→ $0
Net Assets Without Donor Restrictions$-1,113,021$-1,204,008▼ $90,987
Total Net Assets Fund Balance$1,934,579$1,843,592▼ $90,987
Total Liabilities and Net Assets / Fund Balance$2,012,941$1,995,350▼ $17,591

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,428,596$1,333,010$2,761,606
Land$283,170-$283,170
Other Land Buildings$43,870$89,266$133,136
Equipment$17,034$9,446$26,480
Other Assets Org$5,177--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sharon Wilson GenoAsst Sec/tre$459,476$459,476
Joseph BudzynskiAsst Sec/tre$366,802$366,802
Kimberly KingAsst. Sec/tr$272,723$272,723
Nancy GavinAsst. Sec/tr$241,852$241,852
Peter DesjardinsAsst. Sec/tr$226,881$226,881
Faith NutzAsst. Sec/tr$136,926$136,926

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
Karen DaleDirector
Keith KnappDirector
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

Highest Paid Contractors

ContractorServicesLocationCompensation
Voa National Housing CorporationMgmt, P/r, Acct1660 DUKE STREET, Alexandria, VA 22314$105,184
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$297,836
Investment Income
$52
Other Revenue
$0
Change in Net Assets
$-90,987

Audited Revenue Reconciliation

Revenue per Audited Statements
$297,888
Total Revenue per Audited Statements
$297,888
Total Revenue per Form 990
$297,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$302,560
Salaries, Compensation, and Employee Benefits$86,315
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$84,817--$84,817
Other Salaries and Wages$67,648--$67,648
Occupancy$59,267--$59,267
Fees for Services Management-$29,108-$29,108
Office Expenses$16,680--$16,680
Other Employee Benefits$13,955--$13,955
Fees for Services Accounting-$10,788-$10,788
Payroll Taxes$4,712--$4,712
Other Expenses$2,198$4,650-$2,198
Insurance$1,418--$1,418
Advertising$756--$756
All Other Expenses$55--$55
Total Functional Expenses$344,329$44,546$0$388,875

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$388,875
Total Expenses per Audited Statements$388,875
Total Expenses per Form 990$388,875
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$12,061
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
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Nancy gavin asst. Sec./a dir and/or officer of voa peter desjardins asst. Sec./a dir and/or officer of voa sharon wilson geno asst. Sec./a dir and/or officer of voa michael king president dir and/or officer of voa joseph budzynski 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 kimberly b. King 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 national housing corporation pursuant to a property management agreement. Volunteers of america national services assists in providing 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 of the carolinas, inc. 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.

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

The documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Voa Hickory Knoll Inc
EIN
56-2188789
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph Budzynski
Title
Asst Sec/treas & CFO
Phone
7033415000
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Budzynski
Formed
2000
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
5
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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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.78$0.19$1.58$0.33$0.43$0.10
2024Detailed filing. Detailed filing data is available for this year.$1.82$0.14$1.68$0.33$0.40$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.87$0.12$1.75$0.33$0.38$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.95$0.14$1.81$0.33$0.37$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.00$0.15$1.84$0.30$0.39$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.01$0.08$1.93$0.28$0.34$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.07$0.07$2.00$0.28$0.34$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.10$0.04$2.06$0.28$0.34$0.05
2017Detailed filing. Detailed filing data is available for this year.$2.16$0.04$2.11$0.28$0.34$0.06
2016Detailed filing. Detailed filing data is available for this year.$2.22$0.05$2.17$0.27$0.33$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.27$0.04$2.23$0.26$0.31$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.32$0.05$2.27$0.25$0.32$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$0.05$2.34$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.04$2.41$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.04$2.48$0.25