Civic Intelligence

Al-Carvoa Elderly Housing Inc Carver Plaza

EIN 58-1700938 • 501(c)3 • Alexandria, VA

Profile

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.

Refreshing map…

1660 Duke StreetAlexandria, VA 22314
Siviq Scores

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

Liabilities / Assets

74th percentile

0.18x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

86th percentile

0.44x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

27th percentile

-6.9%

Higher net margin than 27% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

100th percentile

$868,407

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 245.5% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

30th percentile

-4.3%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

47th percentile

5.0%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Down

$848,694

Down $38,156 (-4.3%) from 2024

Liabilities

Down

$156,049

Down $13,619 (-8.0%) from 2024

Net Assets

Down

$692,645

Down $24,537 (-3.4%) from 2024

Revenue

Up

$353,790

Up $16,867 (+5.0%) from 2024

Expenses

Down

$378,327

Down $2,198 (-0.6%) from 2024

Net Income

Up

-$24,537

Up $19,065 (+44%) from 2024

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,308,510Liabilities 2011: $33,218Net Assets 2011: $1,275,2922011Assets 2012: $1,274,774Liabilities 2012: $40,516Net Assets 2012: $1,234,2582012Assets 2013: $1,234,745Liabilities 2013: $39,871Net Assets 2013: $1,194,8742013Assets 2014: $1,194,271Liabilities 2014: $38,079Net Assets 2014: $1,156,1922014Assets 2015: $1,187,341Liabilities 2015: $34,932Net Assets 2015: $1,152,4092015Assets 2016: $1,150,636Liabilities 2016: $46,819Net Assets 2016: $1,103,8172016Assets 2017: $1,117,707Liabilities 2017: $65,450Net Assets 2017: $1,052,2572017Assets 2018: $1,099,800Liabilities 2018: $76,108Net Assets 2018: $1,023,6922018Assets 2019: $1,054,376Liabilities 2019: $64,740Net Assets 2019: $989,6362019Assets 2020: $1,005,735Liabilities 2020: $70,032Net Assets 2020: $935,7032020Assets 2021: $986,416Liabilities 2021: $100,698Net Assets 2021: $885,7182021Assets 2022: $935,806Liabilities 2022: $118,863Net Assets 2022: $816,9432022Assets 2023: $940,379Liabilities 2023: $179,595Net Assets 2023: $760,7842023Assets 2024: $886,850Liabilities 2024: $169,668Net Assets 2024: $717,1822024Assets 2025: $848,694Liabilities 2025: $156,049Net Assets 2025: $692,6452025

Highlighted filing

2025

Assets$848,694
Liabilities$156,049
Net Assets$692,645

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $272,5172011Expenses 2012: $267,1712012Revenue 2013: $225,988Expenses 2013: $265,372Net Income 2013: -$39,3842013Revenue 2014: $246,430Expenses 2014: $285,112Net Income 2014: -$38,6822014Revenue 2015: $290,179Expenses 2015: $293,962Net Income 2015: -$3,7832015Revenue 2016: $252,724Expenses 2016: $301,316Net Income 2016: -$48,5922016Revenue 2017: $252,668Expenses 2017: $304,228Net Income 2017: -$51,5602017Revenue 2018: $270,402Expenses 2018: $298,967Net Income 2018: -$28,5652018Revenue 2019: $279,910Expenses 2019: $313,966Net Income 2019: -$34,0562019Revenue 2020: $274,953Expenses 2020: $328,886Net Income 2020: -$53,9332020Revenue 2021: $296,744Expenses 2021: $346,729Net Income 2021: -$49,9852021Revenue 2022: $299,516Expenses 2022: $368,291Net Income 2022: -$68,7752022Revenue 2023: $308,765Expenses 2023: $364,924Net Income 2023: -$56,1592023Revenue 2024: $336,923Expenses 2024: $380,525Net Income 2024: -$43,6022024Revenue 2025: $353,790Expenses 2025: $378,327Net Income 2025: -$24,5372025

Highlighted filing

2025

Revenue$353,790
Expenses$378,327
Net Income-$24,537

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.85$0.16$0.69$0.35$0.38$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.89$0.17$0.72$0.34$0.38$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.94$0.18$0.76$0.31$0.36$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.94$0.12$0.82$0.30$0.37$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.99$0.10$0.89$0.30$0.35$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.01$0.07$0.94$0.27$0.33$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.05$0.06$0.99$0.28$0.31$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.10$0.08$1.02$0.27$0.30$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.12$0.07$1.05$0.25$0.30$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.15$0.05$1.10$0.25$0.30$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.19$0.03$1.15$0.29$0.29$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.19$0.04$1.16$0.25$0.29$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.04$1.19$0.23$0.27$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.04$1.23$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.03$1.28$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 16, 2025
Return Version
2024v5.0
Gross Receipts
$353,790
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$549,022$501,806▼ $47,216
Prepaid Expenses and Deferred Charges$29,156$26,865▼ $2,291
Accounts Receivable$564$15,692▲ $15,128
Cash and Non-Interest-Bearing Accounts$12,883$6,960▼ $5,923
Total Assets$886,850$848,694▼ $38,156
Other Assets Total$295,225$297,371▲ $2,146
Liabilities
Accounts Payable and Accrued Expenses$154,068$140,760▼ $13,308
Other Liabilities$15,329$15,282▼ $47
Deferred Revenue$271$7▼ $264
Total Liabilities$169,668$156,049▼ $13,619
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,720,700$1,720,700→ $0
Net Assets Without Donor Restrictions$-1,003,518$-1,028,055▼ $24,537
Total Net Assets Fund Balance$717,182$692,645▼ $24,537
Total Liabilities and Net Assets / Fund Balance$886,850$848,694▼ $38,156

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$397,309$1,361,188$1,758,497
Other Land Buildings$17,497$180,424$197,921
Land$87,000-$87,000
Equipment-$20,736$20,736
Other Assets Org$262--
Compensation and Service Providers

Employees

NameTitleOtherTotal
David NisivocciaAsst. Treas/$516,603$516,603
Joseph BudzynskiAsst Treas/s$465,439$465,439
Paul SoczynskiAsst. Treas/$378,447$378,447
Peter DesjardinsAsst. Treas/$319,503$319,503
Nancy GavinAsst. Sec/tr$285,594$285,594
Kimberly KingAsst. Treas/$256,810$256,810
David PaskoffAsst. Treas/$197,896$197,896
Dejernette BeatyAsst. Treas/$193,522$193,522
Faith NutzAsst. Sec/tr$169,200$169,200

Board Members and Trustees

NameTitle
Nancy RaseChair
Michael W KingPresident
Derrick PerkinsVice Chair
Beth MullenDirector
Carmen JacksonDirector
Janet StringfellowDirector
Jeanne PetersonDirector
Keith KnappDirector
Patrick SheridanDirector
Patti ArnoldDirector
Shawn BloomDirector
Voris VigeeDirector
Walter TejadaDirector
Joseph BudzynskiAsst Treas/sec & CFO
Faith NutzAsst. Sec/treas
Nancy GavinAsst. Sec/treas
David NisivocciaAsst. Treas/sec
David PaskoffAsst. Treas/sec
Dejernette BeatyAsst. Treas/sec
Kimberly KingAsst. Treas/sec
Paul SoczynskiAsst. Treas/sec
Peter DesjardinsAsst. Treas/sec
Karen HackettSecretary
Karen EricksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$341,803
Investment Income
$11,987
Other Revenue
$0
Change in Net Assets
$-24,537

Audited Revenue Reconciliation

Revenue per Audited Statements
$353,790
Total Revenue per Audited Statements
$353,790
Total Revenue per Form 990
$353,790
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$242,258
Salaries, Compensation, and Employee Benefits$136,069
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$112,829--$112,829
Occupancy$66,655--$66,655
Depreciation Depletion$54,167--$54,167
Fees for Services Management-$31,007-$31,007
Other Employee Benefits$14,932--$14,932
Office Expenses$13,653--$13,653
Fees for Services Accounting-$11,574-$11,574
Payroll Taxes$8,308--$8,308
Advertising$2,126--$2,126
Insurance$1,038--$1,038
Fees for Services Legal-$613-$613
Other Expenses$63$6,500-$63
Total Functional Expenses$328,633$49,694$0$378,327

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$378,327
Total Expenses per Audited Statements$378,327
Total Expenses per Form 990$378,327
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$15,282
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
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 nancy gavin 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/tr dir and/or officer of voa peter desjardins asst. Sec/tr dir and/or officer of voa david nisivoccia 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 volunteers of america texas, 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.

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
Al-carvoa Elderly Housing Inc
EIN
58-1700938
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Dejernette Beaty
Title
Asst. Treas/sec
Phone
7033415000
Signed
2025-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dejernette Beaty
Formed
1985
Legal Domicile
TX
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
William B Beale
Phone
2259263360
Raw XML AppendixShowing 400 of 2,689 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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