Civic Intelligence

River Rouge Voa Elderly Housing Inc Sumby Senior Housing

990 • Fiscal year 2014 • EIN 57-1208649

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 10, 2014

1660 Duke Street22314

(703) 341-5000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.21x

Higher debt load relative to assets than 61% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

2.74x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

11th percentile

-25%

Higher net margin than 11% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

98th percentile

$487,861

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 142.7% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

30th percentile

-2.6%

Faster asset growth than 30% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Down

$4,498,865

Down $118,358 (-2.6%) from 2013

Net Assets

Down

$3,562,321

Down $86,320 (-2.4%) from 2013

Liabilities

Down

$936,544

Down $32,038 (-3.3%) from 2013

Revenue

$341,917

No earlier filing loaded for comparison.

Expenses

Down

$428,237

Down $9,317 (-2.1%) from 2013

Net Income

-$86,320

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.

$6.0M$4.0M$2.0M$0Assets 2011: $4,907,029Liabilities 2011: $1,002,348Net Assets 2011: $3,904,6812011Assets 2012: $4,763,306Liabilities 2012: $970,527Net Assets 2012: $3,792,7792012Assets 2013: $4,617,223Liabilities 2013: $968,582Net Assets 2013: $3,648,6412013Assets 2014: $4,498,865Liabilities 2014: $936,544Net Assets 2014: $3,562,3212014Assets 2015: $4,375,774Liabilities 2015: $963,212Net Assets 2015: $3,412,5622015Assets 2016: $4,215,846Liabilities 2016: $981,461Net Assets 2016: $3,234,3852016Assets 2017: $4,126,108Liabilities 2017: $1,009,873Net Assets 2017: $3,116,2352017Assets 2018: $4,023,693Liabilities 2018: $996,406Net Assets 2018: $3,027,2872018Assets 2019: $3,928,005Liabilities 2019: $965,759Net Assets 2019: $2,962,2462019Assets 2020: $3,823,474Liabilities 2020: $968,757Net Assets 2020: $2,854,7172020Assets 2021: $3,754,531Liabilities 2021: $966,675Net Assets 2021: $2,787,8562021Assets 2022: $3,550,009Liabilities 2022: $1,005,149Net Assets 2022: $2,544,8602022Assets 2023: $3,419,987Liabilities 2023: $465,480Net Assets 2023: $2,954,5072023Assets 2024: $3,276,842Liabilities 2024: $517,993Net Assets 2024: $2,758,8492024Assets 2025: $3,182,312Liabilities 2025: $561,274Net Assets 2025: $2,621,0382025

Highlighted filing

2014

Assets$4,498,865
Liabilities$936,544
Net Assets$3,562,321

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $411,6292011Expenses 2012: $407,7322012Expenses 2013: $437,5542013Revenue 2014: $341,917Expenses 2014: $428,237Net Income 2014: -$86,3202014Revenue 2015: $357,025Expenses 2015: $506,784Net Income 2015: -$149,7592015Revenue 2016: $330,025Expenses 2016: $508,202Net Income 2016: -$178,1772016Revenue 2017: $383,321Expenses 2017: $501,471Net Income 2017: -$118,1502017Revenue 2018: $407,850Expenses 2018: $496,798Net Income 2018: -$88,9482018Revenue 2019: $455,985Expenses 2019: $521,026Net Income 2019: -$65,0412019Revenue 2020: $455,911Expenses 2020: $563,440Net Income 2020: -$107,5292020Revenue 2021: $455,453Expenses 2021: $522,314Net Income 2021: -$66,8612021Revenue 2022: $428,524Expenses 2022: $671,520Net Income 2022: -$242,9962022Revenue 2023: $981,205Expenses 2023: $571,558Net Income 2023: $409,6472023Revenue 2024: $423,958Expenses 2024: $619,616Net Income 2024: -$195,6582024Revenue 2025: $485,962Expenses 2025: $623,773Net Income 2025: -$137,8112025

Highlighted filing

2014

Revenue$341,917
Expenses$428,237
Net Income-$86,320
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 10, 2014
Return Version
2013v3.1
Gross Receipts
$341,917
Mission and Program Overview

Mission

Provides housing for 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$4,516,522$4,375,607▼ $140,915
Cash and Non-Interest-Bearing Accounts$836$20,848▲ $20,012
Prepaid Expenses and Deferred Charges$16,424$14,074▼ $2,350
Accounts Receivable$4,318$6,024▲ $1,706
Total Assets$4,617,223$4,498,865▼ $118,358
Other Assets Total$79,123$82,312▲ $3,189
Liabilities
Mortgage Notes Payable Secured by Investment Property$900,000$900,000→ $0
Accounts Payable and Accrued Expenses$54,578$23,602▼ $30,976
Other Liabilities$13,966$12,868▼ $1,098
Deferred Revenue$38$74▲ $36
Total Liabilities$968,582$936,544▼ $32,038
Net Assets / Fund Balance
Unrestricted Net Assets$3,648,641$3,562,321▼ $86,320
Total Net Assets Fund Balance$3,648,641$3,562,321▼ $86,320
Total Liabilities and Net Assets / Fund Balance$4,617,223$4,498,865▼ $118,358

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,345,607$1,032,780$5,378,387
Other Land Buildings-$60,756$60,756
Land$30,000-$30,000
Compensation and Service Providers

Employees

NameTitleOtherTotal
Michael W KingPresident/di$487,861$487,861
Thomas D TurnbullAsst. Sec/tr$340,573$340,573
David T BowmanAsst. Sec/tr$281,374$281,374
Joseph a BudzynskiAsst. Sec/tr$246,967$246,967
Nancy GavinAsst Sec/tre$212,691$212,691
Deborah PerryAsst. Sec/tr$181,587$181,587

Board Members and Trustees

NameTitle
C David KikumotoChair
Michael W KingPresident/direc
Shawn BloomVice Chair
Ann SchnareDirector
Carlos MaeseDirector
John MorlandDirector
Karen DaleDirector
Michael SpilaneDirector
Michael SullivanDirector
Steve WakefieldDirector
Wilfred N Cooper SrDirector
Nancy GavinAsst Sec/treas
Patrick SheridanAsst. Sec.
Robin KellerAsst. Sec.
David T BowmanAsst. Sec/treas
Deborah PerryAsst. Sec/treas
Thomas D TurnbullAsst. Sec/treas
Joseph a BudzynskiAsst. Sec/treas, CFO
Robert D GibsonKey Employee
Wayne C OlsonKey Employee
Carol MooreSecretary
Nancy J FeldmanTreasurer/di
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$341,826
Investment Income
$91
Other Revenue
$0
Change in Net Assets
$-86,320

Audited Revenue Reconciliation

Revenue per Audited Statements
$341,917
Total Revenue per Audited Statements
$341,917
Total Revenue per Form 990
$341,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$354,339
Salaries, Compensation, and Employee Benefits$73,898
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$140,915--$140,915
Occupancy$79,969--$79,969
Other Salaries and Wages$62,058--$62,058
Fees for Services Management-$28,008-$28,008
Office Expenses$16,635--$16,635
Fees for Services Accounting-$9,372-$9,372
Payroll Taxes$6,826--$6,826
Other Employee Benefits$5,014--$5,014
Insurance$1,789--$1,789
Fees for Services Legal-$1,153-$1,153
Conferences and Meetings$508--$508
Other Expenses$313--$313
Advertising$186--$186
Total Functional Expenses$389,704$38,533$0$428,237

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$428,237
Total Expenses per Audited Statements$428,237
Total Expenses per Form 990$428,237
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$12,868
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 david bowman asst. Sec./a dir and/or officer of voa thomas turnbull asst. Sec./a 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 deborah perry asst. Sec./a dir and/or officer of voa robin keller assistant se 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, 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. The bylaws may not be amended without the prior written consent of volunteers of america, inc.

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

EIN
57-1208649
Phone
7033415000

Signing Officer

Name
Thomas D Turnbull
Title
Asst. Sec/treas
Phone
7033415000
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Formed
2004
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
11
Employees
0

Preparer

Preparer
William B Beale
Phone
2259263360
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.18$0.56$2.62$0.49$0.62$0.14
2024Detailed filing. Detailed filing data is available for this year.$3.28$0.52$2.76$0.42$0.62$0.20
2023Detailed filing. Detailed filing data is available for this year.$3.42$0.47$2.95$0.98$0.57$0.41
2022Detailed filing. Detailed filing data is available for this year.$3.55$1.01$2.54$0.43$0.67$0.24
2021Detailed filing. Detailed filing data is available for this year.$3.75$0.97$2.79$0.46$0.52$0.07
2020Detailed filing. Detailed filing data is available for this year.$3.82$0.97$2.85$0.46$0.56$0.11
2019Detailed filing. Detailed filing data is available for this year.$3.93$0.97$2.96$0.46$0.52$0.07
2018Detailed filing. Detailed filing data is available for this year.$4.02$1.00$3.03$0.41$0.50$0.09
2017Detailed filing. Detailed filing data is available for this year.$4.13$1.01$3.12$0.38$0.50$0.12
2016Detailed filing. Detailed filing data is available for this year.$4.22$0.98$3.23$0.33$0.51$0.18
2015Detailed filing. Detailed filing data is available for this year.$4.38$0.96$3.41$0.36$0.51$0.15
2014Detailed filing. Detailed filing data is available for this year.$4.50$0.94$3.56$0.34$0.43$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.62$0.97$3.65$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.76$0.97$3.79$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.91$1.00$3.90$0.41
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits