Civic Intelligence

Dade County Voa Elderly Housing Inc

990 • Fiscal year 2020 • EIN 58-1700955

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 07, 2020

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

95th percentile

1.23x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

4.40x

Higher debt load relative to revenue than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

35th percentile

-0.8%

Higher net margin than 35% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

99th percentile

$661,452

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 63.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

21st percentile

-2.9%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

0.3%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$3,706,913

Down $108,797 (-2.9%) from 2019

Net Assets

Down

-$849,295

Down $8,430 (-1.0%) from 2019

Liabilities

Down

$4,556,208

Down $100,367 (-2.2%) from 2019

Revenue

Up

$1,034,814

Up $2,894 (+0.3%) from 2019

Expenses

Up

$1,043,244

Up $11,210 (+1.1%) from 2019

Net Income

Down

-$8,430

Down $8,316 (-7295%) from 2019

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$0-$2.0MAssets 2012: $4,982,232Liabilities 2012: $5,644,164Net Assets 2012: -$661,9322012Assets 2013: $4,638,549Liabilities 2013: $5,349,737Net Assets 2013: -$711,1882013Assets 2015: $4,305,442Liabilities 2015: $5,113,169Net Assets 2015: -$807,7272015Assets 2016: $4,274,748Liabilities 2016: $5,077,816Net Assets 2016: -$803,0682016Assets 2017: $3,992,038Liabilities 2017: $4,802,927Net Assets 2017: -$810,8892017Assets 2018: $3,894,265Liabilities 2018: $4,735,016Net Assets 2018: -$840,7512018Assets 2019: $3,815,710Liabilities 2019: $4,656,575Net Assets 2019: -$840,8652019Assets 2020: $3,706,913Liabilities 2020: $4,556,208Net Assets 2020: -$849,2952020Assets 2021: $227,975Liabilities 2021: $0Net Assets 2021: $227,9752021Assets 2022: $18,118Liabilities 2022: $0Net Assets 2022: $18,1182022Assets 2023: $18,118Liabilities 2023: $0Net Assets 2023: $18,1182023Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2020

Assets$3,706,913
Liabilities$4,556,208
Net Assets-$849,295

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $917,2832012Expenses 2013: $979,6912013Revenue 2015: $965,970Expenses 2015: $1,031,417Net Income 2015: -$65,4472015Revenue 2016: $979,925Expenses 2016: $975,266Net Income 2016: $4,6592016Revenue 2017: $998,665Expenses 2017: $1,006,486Net Income 2017: -$7,8212017Revenue 2018: $1,015,781Expenses 2018: $1,045,643Net Income 2018: -$29,8622018Revenue 2019: $1,031,920Expenses 2019: $1,032,034Net Income 2019: -$1142019Revenue 2020: $1,034,814Expenses 2020: $1,043,244Net Income 2020: -$8,4302020Revenue 2021: $13,074,991Expenses 2021: $1,089,683Net Income 2021: $11,985,3082021Revenue 2022: $579Expenses 2022: $780Net Income 2022: -$2012022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2025: $0Expenses 2025: $0Net Income 2025: $02025

Highlighted filing

2020

Revenue$1,034,814
Expenses$1,043,244
Net Income-$8,430
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 7, 2020
Return Version
2019v5.0
Gross Receipts
$1,034,814
Mission and Program Overview

Mission

Provides housing for the 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$3,124,332$2,981,591▼ $142,741
Prepaid Expenses and Deferred Charges$69,910$117,228▲ $47,318
Cash and Non-Interest-Bearing Accounts$4,682$18,549▲ $13,867
Accounts Receivable$10,640$1▼ $10,639
Total Assets$3,815,710$3,706,913▼ $108,797
Other Assets Total$606,146$589,544▼ $16,602
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,543,758$4,449,400▼ $94,358
Accounts Payable and Accrued Expenses$84,651$78,787▼ $5,864
Other Liabilities$28,166$28,017▼ $149
Deferred Revenue-$4-
Total Liabilities$4,656,575$4,556,208▼ $100,367
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-840,865$-849,295▼ $8,430
Total Net Assets Fund Balance$-840,865$-849,295▼ $8,430
Total Liabilities and Net Assets / Fund Balance$3,815,710$3,706,913▼ $108,797

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,072,596$3,547,191$5,619,787
Land$790,680-$790,680
Other Land Buildings$102,664$181,149$283,813
Equipment$15,651$79,220$94,871
Other Assets Org$6--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sharon Wilson GenoAsst Sec/tre$431,100$431,100
Joseph a BudzynskiAsst Sec/tre$346,931$346,931
Robert GibsonAsst. Sec/tr$335,286$335,286
Kimberly B KingAsst. Sec/tr$245,982$245,982
Nancy a GavinAsst. Sec/tr$167,459$167,459
Faith NutzAsst. Sec/tr$134,549$134,549

Board Members and Trustees

NameTitle
Jane BurksBoard Chair
Michael W KingPresident
David C KikumotoVice Chairma
Andy EdeburnDirector
Derrick PerkinsDirector
James LeblancDirector
Jeanne PetersenDirector
Karen DaleDirector
Keith KnappDirector
Nancy RaseDirector
Shawn BloomDirector
Stephen WakefieldDirector
Thomas DolanDirector
Joseph a BudzynskiAsst Sec/treas & CFO
Sharon Wilson GenoAsst Sec/treas & COO
Cynthia R KellerAsst. Sec.
Patrick N SheridanAsst. Sec.
Kimberly B KingAsst. Sec/treas
Nancy a GavinAsst. Sec/treas
Robert GibsonAsst. Sec/treas
Edwina CarringtonSecretary
Patti ArnoldTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Volunteers Of America Of Florida INCMgmt, Pr, Acct,1205 E 8TH AVENUE, Tampa, FL 33605$333,936
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,033,649
Investment Income
$1,165
Other Revenue
$0
Change in Net Assets
$-8,430

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,034,814
Total Revenue per Audited Statements
$1,034,814
Total Revenue per Form 990
$1,034,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$847,610
Salaries, Compensation, and Employee Benefits$195,634
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$373,934--$373,934
Depreciation Depletion$196,027--$196,027
Other Salaries and Wages$150,359--$150,359
Fees for Services Management-$70,011-$70,011
Other Employee Benefits$33,668--$33,668
Office Expenses$26,419--$26,419
Fees for Services Accounting-$17,012-$17,012
Payroll Taxes$11,607--$11,607
Advertising$3,357--$3,357
Conferences and Meetings-$2,295-$2,295
Insurance$1,949--$1,949
Other Expenses$1,466--$1,466
All Other Expenses-$950-$950
Total Functional Expenses$952,976$90,268$0$1,043,244

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,043,244
Total Expenses per Audited Statements$1,043,244
Total Expenses per Form 990$1,043,244
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$26,211
Deferred Laundry Revenue$1,806
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 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 faith nutz asst. Sec./a dir and/or officer of voa robin keller assistant se dir and/or officer of voa sharon wilson geno asst. Sec/a dir and/or officer of voa kimberly b. King asst. Sec/tr 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 florida 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 approve or appoint 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

Filer Name
Dade County Voa Elderly Housing Inc
EIN
58-1700955
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst Sec/treas & CFO
Phone
7033415000
Signed
2020-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
1985
Legal Domicile
Fl
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
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1ASST SEC/TRE
IRS990/Form990PartVIISectionAGrp/TitleTxt2ASST SEC/TRE
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt7ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt8ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
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IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3MISC TAXES
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.00$0.00$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.00$0.02$0.00$0.00$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.00$0.23$13.1$1.09$12.0
2020Detailed filing. Detailed filing data is available for this year.$3.71$4.56$0.85$1.03$1.04$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.82$4.66$0.84$1.03$1.03$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$4.74$0.84$1.02$1.05$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.99$4.80$0.81$1.00$1.01$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.27$5.08$0.80$0.98$0.98$0.00
2015Detailed filing. Detailed filing data is available for this year.$4.31$5.11$0.81$0.97$1.03$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.64$5.35$0.71$0.98
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$5.64$0.66$0.92