Civic Intelligence

Florida Voa Elderly Housing Inc Creekside Manor I

990 • Fiscal year 2021 • EIN 58-1700964

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 02, 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

97th percentile

1.53x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

94th percentile

2.93x

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

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

Net Margin

34th percentile

3.9%

Higher net margin than 34% 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 102.4% of source-year revenue.

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

Asset Growth

19th percentile

-2.4%

Faster asset growth than 19% of similar nonprofits.

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

Revenue Growth

31st percentile

-0.5%

Faster revenue growth than 31% of similar nonprofits.

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

Assets

Down

$1,265,931

Down $31,172 (-2.4%) from 2020

Net Assets

Up

-$667,580

Up $25,471 (+3.7%) from 2020

Liabilities

Down

$1,933,511

Down $56,643 (-2.8%) from 2020

Revenue

Down

$660,675

Down $3,133 (-0.5%) from 2020

Expenses

Down

$635,204

Down $18,976 (-2.9%) from 2020

Net Income

Up

$25,471

Up $15,843 (+165%) 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$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

2021

Assets$1,265,931
Liabilities$1,933,511
Net Assets-$667,580

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

2021

Revenue$660,675
Expenses$635,204
Net Income$25,471
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 2, 2021
Return Version
2020v4.0
Gross Receipts
$660,675
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$1,051,214$980,343▼ $70,871
Prepaid Expenses and Deferred Charges$44,005$75,038▲ $31,033
Accounts Receivable$21,543$18,031▼ $3,512
Cash and Non-Interest-Bearing Accounts$1,843$6,183▲ $4,340
Total Assets$1,297,103$1,265,931▼ $31,172
Other Assets Total$178,498$186,336▲ $7,838
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,862,040$1,783,749▼ $78,291
Accounts Payable and Accrued Expenses$109,746$131,016▲ $21,270
Other Liabilities$17,373$17,489▲ $116
Deferred Revenue$995$1,257▲ $262
Total Liabilities$1,990,154$1,933,511▼ $56,643
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-693,051$-667,580▲ $25,471
Total Net Assets Fund Balance$-693,051$-667,580▲ $25,471
Total Liabilities and Net Assets / Fund Balance$1,297,103$1,265,931▼ $31,172

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$599,519$1,853,169$2,452,688
Land$312,176-$312,176
Other Land Buildings$65,589$150,631$216,220
Equipment$3,059$28,898$31,957
Other Assets Org$186,336--
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
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$660,648
Investment Income
$27
Other Revenue
$0
Change in Net Assets
$25,471

Audited Revenue Reconciliation

Revenue per Audited Statements
$660,675
Total Revenue per Audited Statements
$660,675
Total Revenue per Form 990
$660,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$548,229
Salaries, Compensation, and Employee Benefits$86,975
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$315,515--$315,515
Depreciation Depletion$85,149--$85,149
Other Salaries and Wages$67,333--$67,333
Fees for Services Management-$41,125-$41,125
Office Expenses$16,095--$16,095
Fees for Services Accounting-$15,066-$15,066
Other Employee Benefits$10,309--$10,309
Payroll Taxes$9,333--$9,333
Advertising$1,967--$1,967
Fees for Services Legal-$1,282-$1,282
Insurance$887--$887
Other Expenses$731--$731
Conferences and Meetings-$633-$633
Total Functional Expenses$577,098$58,106$0$635,204

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$635,204
Total Expenses per Audited Statements$635,204
Total Expenses per Form 990$635,204
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$17,489
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 peter desjardins asst. Sec./a 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./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 nhc 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 Budzynski
Title
Asst Sec/treas & CFO
Phone
7033415000
Signed
2021-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Budzynski
Formed
1987
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/TitleTxt14DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/OtherExpensesGrp/Desc2ALL OTHER ADMINISTRATIVE
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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