Civic Intelligence

Miami Voa Elderly Housing Inc Los Robles Apartments

990 • Fiscal year 2020 • EIN 58-1777367

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 02, 2020

Refreshing map…

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

94th percentile

1.15x

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

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

Liabilities / Revenue

94th percentile

3.78x

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

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

Net Margin

52nd percentile

6.1%

Higher net margin than 52% 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 61.2% of source-year revenue.

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

Asset Growth

22nd percentile

-2.6%

Faster asset growth than 22% of similar nonprofits.

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

Revenue Growth

66th percentile

11%

Faster revenue growth than 66% of similar nonprofits.

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

Assets

Down

$3,560,659

Down $96,568 (-2.6%) from 2019

Net Assets

Up

-$533,302

Up $65,801 (+11%) from 2019

Liabilities

Down

$4,093,961

Down $162,369 (-3.8%) from 2019

Revenue

Up

$1,081,667

Up $105,137 (+11%) from 2019

Expenses

Up

$1,015,866

Up $44,675 (+4.6%) from 2019

Net Income

Up

$65,801

Up $60,462 (+1132%) 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 2011: $4,432,024Liabilities 2011: $5,188,832Net Assets 2011: -$756,8082011Assets 2012: $4,199,912Liabilities 2012: $4,893,009Net Assets 2012: -$693,0972012Assets 2013: $4,188,185Liabilities 2013: $4,836,197Net Assets 2013: -$648,0122013Assets 2014: $4,181,779Liabilities 2014: $4,735,516Net Assets 2014: -$553,7372014Assets 2015: $4,158,912Liabilities 2015: $4,708,117Net Assets 2015: -$549,2052015Assets 2016: $3,913,978Liabilities 2016: $4,560,193Net Assets 2016: -$646,2152016Assets 2017: $3,805,696Liabilities 2017: $4,423,111Net Assets 2017: -$617,4152017Assets 2018: $3,711,797Liabilities 2018: $4,316,239Net Assets 2018: -$604,4422018Assets 2019: $3,657,227Liabilities 2019: $4,256,330Net Assets 2019: -$599,1032019Assets 2020: $3,560,659Liabilities 2020: $4,093,961Net Assets 2020: -$533,3022020Assets 2021: $21,915Liabilities 2021: $21,915Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2020

Assets$3,560,659
Liabilities$4,093,961
Net Assets-$533,302

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $884,4472011Expenses 2012: $900,6302012Expenses 2013: $932,5962013Revenue 2014: $993,709Expenses 2014: $899,434Net Income 2014: $94,2752014Revenue 2015: $1,008,026Expenses 2015: $1,003,494Net Income 2015: $4,5322015Revenue 2016: $894,000Expenses 2016: $991,010Net Income 2016: -$97,0102016Revenue 2017: $942,963Expenses 2017: $960,486Net Income 2017: -$17,5232017Revenue 2018: $1,000,124Expenses 2018: $987,151Net Income 2018: $12,9732018Revenue 2019: $976,530Expenses 2019: $971,191Net Income 2019: $5,3392019Revenue 2020: $1,081,667Expenses 2020: $1,015,866Net Income 2020: $65,8012020Revenue 2021: $12,789,500Expenses 2021: $681,097Net Income 2021: $12,108,4032021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024Revenue 2025: $0Expenses 2025: $0Net Income 2025: $02025

Highlighted filing

2020

Revenue$1,081,667
Expenses$1,015,866
Net Income$65,801
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 2, 2020
Return Version
2019v5.0
Gross Receipts
$1,081,667
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$2,970,707$2,842,898▼ $127,809
Prepaid Expenses and Deferred Charges$60,486$103,021▲ $42,535
Cash and Non-Interest-Bearing Accounts$34,586$29,314▼ $5,272
Total Assets$3,657,227$3,560,659▼ $96,568
Other Assets Total$591,448$585,426▼ $6,022
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,113,937$3,989,284▼ $124,653
Accounts Payable and Accrued Expenses$116,825$79,670▼ $37,155
Other Liabilities$25,568$25,007▼ $561
Total Liabilities$4,256,330$4,093,961▼ $162,369
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-599,103$-533,302▲ $65,801
Total Net Assets Fund Balance$-599,103$-533,302▲ $65,801
Total Liabilities and Net Assets / Fund Balance$3,657,227$3,560,659▼ $96,568

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,932,891$3,124,013$5,056,904
Land$742,000-$742,000
Other Land Buildings$144,800$204,770$349,570
Equipment$23,207$39,545$62,752
Other Assets Org$585,426--
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, P/r, Acct1205 EAST 8TH AVENUE, Tampa, FL 33605$308,652
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,041,195
Investment Income
$1,151
Other Revenue
$39,321
Change in Net Assets
$65,801

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,081,667
Total Revenue per Audited Statements
$1,081,667
Total Revenue per Form 990
$1,081,667
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$802,057
Salaries, Compensation, and Employee Benefits$213,809
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$327,506--$327,506
Depreciation Depletion$192,036--$192,036
Other Salaries and Wages$172,455--$172,455
Fees for Services Management-$71,843-$71,843
Other Employee Benefits$28,262--$28,262
Fees for Services Accounting-$23,540-$23,540
Office Expenses$16,699--$16,699
Payroll Taxes$13,092--$13,092
Other Expenses$2,358--$2,358
Conferences and Meetings-$2,272-$2,272
Insurance$2,214--$2,214
Advertising$939--$939
All Other Expenses-$42-$42
Total Functional Expenses$918,169$97,697$0$1,015,866

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,015,866
Total Expenses per Audited Statements$1,015,866
Total Expenses per Form 990$1,015,866
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$25,007
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/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 florida, 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

Filer Name
Miami Voa Elderly Housing Inc
EIN
58-1777367
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst Sec/treas & CFO
Phone
7033415000
Signed
2020-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a 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/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/FormationYr01987
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01081667
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
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IRS990/LandBldgEquipCostOrOtherBssAmt06211226
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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.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt016699
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028262
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IRS990/OtherExpensesGrp/Desc0OPERATING & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3MISC TAXES
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IRS990/OtherExpensesGrp/ProgramServicesAmt27731
IRS990/OtherExpensesGrp/ProgramServicesAmt32358
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0GAIN ON RETENTION OF RES REC 46,061 FORGIVENESS OF DEBT 39,321
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0953424
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0942720
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0893821
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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
2024Summary only. Only limited summary data is available for this year.$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.$0.00$0.00$0.00$0.00$0.00$0.00
2022Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.02$0.00$12.8$0.68$12.1
2020Detailed filing. Detailed filing data is available for this year.$3.56$4.09$0.53$1.08$1.02$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.66$4.26$0.60$0.98$0.97$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.71$4.32$0.60$1.00$0.99$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.81$4.42$0.62$0.94$0.96$0.02
2016Summary only. Only limited summary data is available for this year.$3.91$4.56$0.65$0.89$0.99$0.10
2015Detailed filing. Detailed filing data is available for this year.$4.16$4.71$0.55$1.01$1.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$4.18$4.74$0.55$0.99$0.90$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.19$4.84$0.65$0.93
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.20$4.89$0.69$0.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.43$5.19$0.76$0.88
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $1M-$5M nonprofits