Civic Intelligence

Florida Voa Elderly Housing Inc Creekside Manor I

990 • Fiscal year 2017 • EIN 58-1700964

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 26, 2017

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

96th percentile

1.47x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

3.56x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

34th percentile

-1.7%

Higher net margin than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

98th percentile

$538,642

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 88.5% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

20th percentile

-4.8%

Faster asset growth than 20% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

42nd percentile

1.5%

Faster revenue growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,470,036

Down $74,753 (-4.8%) from 2016

Net Assets

Down

-$697,982

Down $10,584 (-1.5%) from 2016

Liabilities

Down

$2,168,018

Down $64,169 (-2.9%) from 2016

Revenue

Up

$608,599

Up $8,731 (+1.5%) from 2016

Expenses

Down

$619,183

Down $19,072 (-3.0%) from 2016

Net Income

Up

-$10,584

Up $27,803 (+72%) from 2016

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$0-$1.0MAssets 2011: $1,771,417Liabilities 2011: $2,456,107Net Assets 2011: -$684,6902011Assets 2012: $1,747,599Liabilities 2012: $2,408,342Net Assets 2012: -$660,7432012Assets 2013: $1,730,543Liabilities 2013: $2,379,966Net Assets 2013: -$649,4232013Assets 2014: $1,696,257Liabilities 2014: $2,351,589Net Assets 2014: -$655,3322014Assets 2015: $1,644,213Liabilities 2015: $2,293,224Net Assets 2015: -$649,0112015Assets 2016: $1,544,789Liabilities 2016: $2,232,187Net Assets 2016: -$687,3982016Assets 2017: $1,470,036Liabilities 2017: $2,168,018Net Assets 2017: -$697,9822017Assets 2018: $1,438,439Liabilities 2018: $2,154,766Net Assets 2018: -$716,3272018Assets 2019: $1,358,522Liabilities 2019: $2,061,201Net Assets 2019: -$702,6792019Assets 2020: $1,297,103Liabilities 2020: $1,990,154Net Assets 2020: -$693,0512020Assets 2021: $1,265,931Liabilities 2021: $1,933,511Net Assets 2021: -$667,5802021Assets 2022: $1,181,739Liabilities 2022: $1,862,887Net Assets 2022: -$681,1482022Assets 2023: $31,276Liabilities 2023: $15,892Net Assets 2023: $15,3842023Assets 2024: $1,723Liabilities 2024: $0Net Assets 2024: $1,7232024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2017

Assets$1,470,036
Liabilities$2,168,018
Net Assets-$697,982

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $548,4382011Expenses 2012: $545,6332012Revenue 2013: $553,330Expenses 2013: $542,010Net Income 2013: $11,3202013Revenue 2014: $574,995Expenses 2014: $580,904Net Income 2014: -$5,9092014Revenue 2015: $595,072Expenses 2015: $588,751Net Income 2015: $6,3212015Revenue 2016: $599,868Expenses 2016: $638,255Net Income 2016: -$38,3872016Revenue 2017: $608,599Expenses 2017: $619,183Net Income 2017: -$10,5842017Revenue 2018: $621,879Expenses 2018: $640,224Net Income 2018: -$18,3452018Revenue 2019: $632,262Expenses 2019: $618,614Net Income 2019: $13,6482019Revenue 2020: $663,808Expenses 2020: $654,180Net Income 2020: $9,6282020Revenue 2021: $660,675Expenses 2021: $635,204Net Income 2021: $25,4712021Revenue 2022: $632,957Expenses 2022: $646,525Net Income 2022: -$13,5682022Revenue 2023: $7,399,331Expenses 2023: $378,919Net Income 2023: $7,020,4122023Revenue 2024: $352Expenses 2024: $0Net Income 2024: $3522024Revenue 2025: $1,716Expenses 2025: $3,439Net Income 2025: -$1,7232025

Highlighted filing

2017

Revenue$608,599
Expenses$619,183
Net Income-$10,584
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 26, 2017
Return Version
2016v3.0
Gross Receipts
$608,599
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$1,252,679$1,219,018▼ $33,661
Prepaid Expenses and Deferred Charges$32,464$30,032▼ $2,432
Accounts Receivable$5,858$4,678▼ $1,180
Cash and Non-Interest-Bearing Accounts$1,133$690▼ $443
Total Assets$1,544,789$1,470,036▼ $74,753
Other Assets Total$252,655$215,618▼ $37,037
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,114,836$2,059,727▼ $55,109
Accounts Payable and Accrued Expenses$96,839$89,014▼ $7,825
Other Liabilities$19,131$18,905▼ $226
Deferred Revenue$1,381$372▼ $1,009
Total Liabilities$2,232,187$2,168,018▼ $64,169
Net Assets / Fund Balance
Unrestricted Net Assets$-687,398$-697,982▼ $10,584
Total Net Assets Fund Balance$-687,398$-697,982▼ $10,584
Total Liabilities and Net Assets / Fund Balance$1,544,789$1,470,036▼ $74,753

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$809,747$1,601,614$2,411,361
Land$312,176-$312,176
Other Land Buildings$87,757$135,777$223,534
Equipment$9,338$30,036$39,374
Other Assets Org$215,618--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Thomas D TurnbullAsst. Sec/tr$430,765$430,765
Joseph a BudzynskiAsst. Sec/tr$295,181$295,181
Nancy GavinAsst. Sec/tr$212,905$212,905
Deborah PerryAsst. Sec/tr$187,200$187,200

Board Members and Trustees

NameTitle
Jane BurksBoard Chair
Michael W KingPresident
C David KikumotoVice Chairma
Andy EdeburnDirector
James LeblancDirector
Karen DaleDirector
Keith KnappDirector
Michael SullivanDirector
Nancy RaseDirector
Patti ArnoldDirector
Stephen WakefieldDirector
Wilfred N Cooper SrDirector
Patrick SheridanAsst. Sec.
Robin KellerAsst. Sec.
Deborah PerryAsst. Sec/treas
Nancy GavinAsst. Sec/treas
Thomas D TurnbullAsst. Sec/treas
Joseph a BudzynskiAsst. Sec/treas, CFO
Robert D GibsonKey Employee
Wayne C OlsonKey Employee
Edwina CarringtonSecretary
Carol MooreTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Volunteers Of America Of Florida IMgmt, P/r, Acct1205 E 8TH AVENUE, Tampa, FL 33605$191,025
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$607,349
Investment Income
$1,250
Other Revenue
$0
Change in Net Assets
$-10,584

Audited Revenue Reconciliation

Revenue per Audited Statements
$608,599
Total Revenue per Audited Statements
$608,599
Total Revenue per Form 990
$608,599
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$505,500
Salaries, Compensation, and Employee Benefits$113,683
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$274,770--$274,770
Other Salaries and Wages$87,848--$87,848
Depreciation Depletion$76,270--$76,270
Fees for Services Management-$38,703-$38,703
Other Employee Benefits$18,820--$18,820
Fees for Services Accounting-$12,518-$12,518
Office Expenses$12,311--$12,311
Payroll Taxes$7,015--$7,015
Advertising$3,568--$3,568
Interest$3,383--$3,383
Conferences and Meetings$2,031--$2,031
Insurance$1,181--$1,181
Fees for Services Legal-$490-$490
Other Expenses$466--$466
Total Functional Expenses$567,472$51,711$0$619,183

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$619,183
Total Expenses per Audited Statements$619,183
Total Expenses per Form 990$619,183
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$18,905
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 sharon wilson geno director 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 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 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

Filer Name
Florida Voa Elderly Housing Inc
EIN
58-1700964
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst. Sec/treas, CFO
Phone
7033415000
Signed
2017-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
1987
Legal Domicile
Fl
Voting Board Members
14
Independent Board Members
12
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/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt20KEY EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21KEY EMPLOYEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01987
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0608599
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IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt01181
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IRS990/IRPDocumentCnt00
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IRS990/LandBldgEquipCostOrOtherBssAmt02986445
IRS990/LegalDomicileStateCd0FL
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDES HOUSING TO ELDERLY AND DISABLED PERSONS AND FAMILIES UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/OccupancyGrp/ProgramServicesAmt0274770
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IRS990/OfficeExpensesGrp/ProgramServicesAmt012311
IRS990/OfficeExpensesGrp/TotalAmt012311
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt018820
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IRS990/OtherExpensesGrp/Desc0OTHER OPERATING EXPENSES
IRS990/OtherExpensesGrp/Desc1SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc2ALL OTHER ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3MISC TAXES, LISC, PERMITS
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IRS990/OtherExpensesGrp/ProgramServicesAmt128444
IRS990/OtherExpensesGrp/ProgramServicesAmt213539
IRS990/OtherExpensesGrp/ProgramServicesAmt3466
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IRS990/OtherExpensesGrp/TotalAmt128444
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IRS990/PrincipalOfficerNm0JOSEPH A BUDZYNSKI
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01833
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01001
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0598018
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0593239
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0573143
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01833
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01852
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01001
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/PublicSupportCY509Pct00.99730
IRS990ScheduleA/PublicSupportPY509Pct00.99700
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0598018
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0573143
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0552329
IRS990ScheduleA/Total509Grp/TotalAmt02924078
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0608599
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0595072
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0574995
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0553330
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02931864
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0809747
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01601614
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02411361
IRS990ScheduleD/EquipmentGrp/BookValueAmt09338
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030036
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt039374
IRS990ScheduleD/ExpensesSubtotalAmt0619183
IRS990ScheduleD/LandGrp/BookValueAmt0312176
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0312176

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.00$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.03$0.02$0.02$7.40$0.38$7.02
2022Detailed filing. Detailed filing data is available for this year.$1.18$1.86$0.68$0.63$0.65$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.27$1.93$0.67$0.66$0.64$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.30$1.99$0.69$0.66$0.65$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.36$2.06$0.70$0.63$0.62$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.44$2.15$0.72$0.62$0.64$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.47$2.17$0.70$0.61$0.62$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.54$2.23$0.69$0.60$0.64$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.64$2.29$0.65$0.60$0.59$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.70$2.35$0.66$0.57$0.58$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$2.38$0.65$0.55$0.54$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$2.41$0.66$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$2.46$0.68$0.55