Civic Intelligence

Denver Voa Elderly Housing Inc

EIN 58-1805523 • 501(c)3 • Alexandria, VA

Profile

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

Refreshing map…

1660 Duke StreetAlexandria, VA 22314
Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2018

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2018

Top Officer Pay

100th percentile

$562,589

Higher top officer pay than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Assets

Flat

$0

Flat from 2017

Liabilities

Flat

$0

Flat from 2017

Net Assets

Flat

$0

Flat from 2017

Revenue

Flat

$0

Flat from 2017

Expenses

Down

$0

Down $1,960 (-100%) from 2017

Net Income

Up

$0

Up $1,960 (+100%) from 2017

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $1,740,033Liabilities 2011: $2,560,451Net Assets 2011: -$820,4182011Assets 2012: $1,699,073Liabilities 2012: $2,508,225Net Assets 2012: -$809,1522012Assets 2013: $1,655,346Liabilities 2013: $2,461,813Net Assets 2013: -$806,4672013Assets 2014: $1,632,996Liabilities 2014: $2,439,493Net Assets 2014: -$806,4972014Assets 2015: $1,568,463Liabilities 2015: $2,395,395Net Assets 2015: -$826,9322015Assets 2016: $5,172,722Liabilities 2016: $228,013Net Assets 2016: $4,944,7092016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $540,1902011Expenses 2012: $543,3952012Expenses 2013: $557,1432013Revenue 2014: $543,213Expenses 2014: $543,243Net Income 2014: -$302014Revenue 2015: $571,070Expenses 2015: $591,505Net Income 2015: -$20,4352015Revenue 2016: $6,064,297Expenses 2016: $292,656Net Income 2016: $5,771,6412016Revenue 2017: $0Expenses 2017: $1,960Net Income 2017: -$1,9602017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018

Highlighted filing

2018

Revenue$0
Expenses$0
Net Income$0

Filings

Latest Detailed Filing

The latest 2018 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 7, 2015
Return Version
2014v5.0
Gross Receipts
$571,070
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$1,400,311$1,328,370▼ $71,941
Prepaid Expenses and Deferred Charges$8,965$8,651▼ $314
Cash and Non-Interest-Bearing Accounts$17,871$1,473▼ $16,398
Accounts Receivable$3,037$631▼ $2,406
Total Assets$1,632,996$1,568,463▼ $64,533
Other Assets Total$202,812$229,338▲ $26,526
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,377,945$2,328,328▼ $49,617
Accounts Payable and Accrued Expenses$48,980$54,816▲ $5,836
Other Liabilities$11,476$12,125▲ $649
Deferred Revenue$1,092$126▼ $966
Total Liabilities$2,439,493$2,395,395▼ $44,098
Net Assets / Fund Balance
Unrestricted Net Assets$-806,497$-826,932▼ $20,435
Total Net Assets Fund Balance$-806,497$-826,932▼ $20,435
Total Liabilities and Net Assets / Fund Balance$1,632,996$1,568,463▼ $64,533

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,056,046$1,616,529$2,672,575
Land$224,102-$224,102
Other Land Buildings$42,028$106,236$148,264
Equipment$6,194$2,562$8,756
Other Assets Org$22,211--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Thomas D TurnbullAsst. Sec/as$368,778$368,778
David T BowmanAsst. Sec/as$293,414$293,414
Joseph a BudzynskiAsst. Sec/tr$254,007$254,007
Juanita CohenAsst. Sec/as$221,211$221,211
Nancy GavinAsst. Sec/as$220,591$220,591
Deborah PerryAsst. Sec/as$188,945$188,945

Board Members and Trustees

NameTitle
C David KikumotoBoard Chair
Michael W KingPresident
Shawn M BloomBoard Vice C
Ann B SchnareDirector
John MorlandDirector
Karen DaleDirector
Michael SullivanDirector
Stephen WakefieldDirector
Wilfred N Cooper SrDirector
Patrick SheridanAsst. Sec.
Robin KellerAsst. Sec.
David T BowmanAsst. Sec/asst Treas
Deborah PerryAsst. Sec/asst Treas
Juanita CohenAsst. Sec/asst Treas
Nancy GavinAsst. Sec/asst Treas
Thomas D TurnbullAsst. Sec/asst Treas
Joseph a BudzynskiAsst. Sec/treas, CFO
Robert D GibsonKey Employee
Wayne C OlsonKey Employee
Carol MooreSecretary
Nancy J FeldmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$569,640
Investment Income
$1,430
Other Revenue
$0
Change in Net Assets
$-20,435

Audited Revenue Reconciliation

Revenue per Audited Statements
$571,070
Total Revenue per Audited Statements
$571,070
Total Revenue per Form 990
$571,070
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$497,755
Salaries, Compensation, and Employee Benefits$93,750
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$236,848--$236,848
Depreciation Depletion$83,688--$83,688
Other Salaries and Wages$83,100--$83,100
Fees for Services Management-$28,678-$28,678
Office Expenses$12,928--$12,928
Fees for Services Accounting-$9,039-$9,039
Interest$7,621--$7,621
Other Employee Benefits$7,267--$7,267
Conferences and Meetings$3,566--$3,566
Payroll Taxes$3,383--$3,383
Advertising$1,831--$1,831
Fees for Services Legal-$1,178-$1,178
Insurance$793--$793
Other Expenses$353--$353
Total Functional Expenses$552,610$38,895$0$591,505

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$591,505
Total Expenses per Audited Statements$591,505
Total Expenses per Form 990$591,505
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$12,125
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 david bowman asst. Sec./a 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 colorado 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

The board of the corporation is appointed by volunteers of america, inc. (bylaws, article iii, section 3).

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
Denver Voa Elderly Housing Inc
EIN
58-1805523
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Thomas D Turnbull
Title
Asst. Sec/treas
Phone
7033415000
Signed
2015-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Same as C Above
Formed
1987
Legal Domicile
Co
Voting Board Members
11
Independent Board Members
9
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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