Civic Intelligence

Houston Voa Elderly Housing Inc Lakeview Place

990 • Fiscal year 2017 • EIN 58-1805613

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

91st percentile

0.94x

Higher debt load relative to assets than 91% of similar nonprofits.

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

Liabilities / Revenue

95th percentile

4.72x

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

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

Net Margin

33rd percentile

-2.0%

Higher net margin than 33% 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 66.0% of source-year revenue.

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

Asset Growth

21st percentile

-4.5%

Faster asset growth than 21% of similar nonprofits.

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

Revenue Growth

43rd percentile

1.9%

Faster revenue growth than 43% of similar nonprofits.

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

Assets

Down

$4,096,321

Down $193,660 (-4.5%) from 2016

Net Assets

Down

$242,165

Down $16,283 (-6.3%) from 2016

Liabilities

Down

$3,854,156

Down $177,377 (-4.4%) from 2016

Revenue

Up

$816,484

Up $14,978 (+1.9%) from 2016

Expenses

Down

$832,767

Down $16,336 (-1.9%) from 2016

Net Income

Up

-$16,283

Up $31,314 (+66%) from 2016

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: $2,710,774Liabilities 2011: $2,529,355Net Assets 2011: $181,4192011Assets 2012: $2,751,067Liabilities 2012: $2,519,323Net Assets 2012: $231,7442012Assets 2013: $2,713,394Liabilities 2013: $2,429,500Net Assets 2013: $283,8942013Assets 2014: $4,996,062Liabilities 2014: $4,643,675Net Assets 2014: $352,3872014Assets 2015: $4,434,597Liabilities 2015: $4,128,552Net Assets 2015: $306,0452015Assets 2016: $4,289,981Liabilities 2016: $4,031,533Net Assets 2016: $258,4482016Assets 2017: $4,096,321Liabilities 2017: $3,854,156Net Assets 2017: $242,1652017Assets 2018: $4,067,313Liabilities 2018: $3,834,245Net Assets 2018: $233,0682018Assets 2019: $3,949,961Liabilities 2019: $3,798,629Net Assets 2019: $151,3322019Assets 2020: $3,797,468Liabilities 2020: $3,706,827Net Assets 2020: $90,6412020Assets 2021: $3,671,383Liabilities 2021: $3,603,723Net Assets 2021: $67,6602021Assets 2022: $3,548,961Liabilities 2022: $3,555,964Net Assets 2022: -$7,0032022Assets 2023: $3,433,038Liabilities 2023: $3,492,945Net Assets 2023: -$59,9072023Assets 2024: $3,315,639Liabilities 2024: $3,459,705Net Assets 2024: -$144,0662024Assets 2025: $3,197,938Liabilities 2025: $3,401,453Net Assets 2025: -$203,5152025

Highlighted filing

2017

Assets$4,096,321
Liabilities$3,854,156
Net Assets$242,165

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $749,3362011Expenses 2012: $763,0762012Expenses 2013: $759,5252013Revenue 2014: $822,419Expenses 2014: $753,926Net Income 2014: $68,4932014Revenue 2015: $783,441Expenses 2015: $829,783Net Income 2015: -$46,3422015Revenue 2016: $801,506Expenses 2016: $849,103Net Income 2016: -$47,5972016Revenue 2017: $816,484Expenses 2017: $832,767Net Income 2017: -$16,2832017Revenue 2018: $822,387Expenses 2018: $831,484Net Income 2018: -$9,0972018Revenue 2019: $839,359Expenses 2019: $921,095Net Income 2019: -$81,7362019Revenue 2020: $828,835Expenses 2020: $889,526Net Income 2020: -$60,6912020Revenue 2021: $897,269Expenses 2021: $920,250Net Income 2021: -$22,9812021Revenue 2022: $888,716Expenses 2022: $963,379Net Income 2022: -$74,6632022Revenue 2023: $906,117Expenses 2023: $959,021Net Income 2023: -$52,9042023Revenue 2024: $936,512Expenses 2024: $1,020,671Net Income 2024: -$84,1592024Revenue 2025: $965,517Expenses 2025: $1,024,966Net Income 2025: -$59,4492025

Highlighted filing

2017

Revenue$816,484
Expenses$832,767
Net Income-$16,283
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 26, 2017
Return Version
2016v3.0
Gross Receipts
$816,484
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$3,789,547$3,667,225▼ $122,322
Intangible Assets$129,451--
Cash and Non-Interest-Bearing Accounts$41,002$69,601▲ $28,599
Prepaid Expenses and Deferred Charges$38,697$38,300▼ $397
Accounts Receivable$6$416▲ $410
Total Assets$4,289,981$4,096,321▼ $193,660
Other Assets Total$291,278$320,779▲ $29,501
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,956,166$3,767,124▼ $189,042
Accounts Payable and Accrued Expenses$55,543$67,041▲ $11,498
Other Liabilities$19,824$19,713▼ $111
Deferred Revenue-$278-
Total Liabilities$4,031,533$3,854,156▼ $177,377
Net Assets / Fund Balance
Unrestricted Net Assets$258,448$242,165▼ $16,283
Total Net Assets Fund Balance$258,448$242,165▼ $16,283
Total Liabilities and Net Assets / Fund Balance$4,289,981$4,096,321▼ $193,660

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,051,237$2,078,073$5,129,310
Land$466,969-$466,969
Other Land Buildings$147,593$163,367$310,960
Equipment$1,426$32,790$34,216
Other Assets Org$16,063--
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 Texas INCMgmt, Acct, Pr,300 EAST MIDWAY ROAD, Euless, TX 76039$262,438
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$816,146
Investment Income
$338
Other Revenue
$0
Change in Net Assets
$-16,283

Audited Revenue Reconciliation

Revenue per Audited Statements
$816,484
Total Revenue per Audited Statements
$816,484
Total Revenue per Form 990
$816,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$638,170
Salaries, Compensation, and Employee Benefits$194,597
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$299,320--$299,320
Depreciation Depletion$178,464--$178,464
Other Salaries and Wages$151,112--$151,112
Fees for Services Management-$41,597-$41,597
Other Employee Benefits$32,270--$32,270
Office Expenses$19,797--$19,797
Fees for Services Accounting-$13,648-$13,648
Payroll Taxes$11,215--$11,215
Advertising$3,393--$3,393
Conferences and Meetings$3,353--$3,353
Insurance$3,287--$3,287
Other Expenses$1,561--$1,561
Total Functional Expenses$777,522$55,245$0$832,767

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$832,767
Total Expenses per Audited Statements$832,767
Total Expenses per Form 990$832,767
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$19,713
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
Yes
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 texas, 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 4

The organization amended its articles of incorporation as of june 25, 2013 to provide that: the organization has no members; that volunteers of america, inc. Has the power to appoint directors. The organization amended its bylaws as of march 15, 2014 to include provisions required by and related to project financing through the us department of housing and urban development.

Form 990, Page 6, Part VI, Line 7A

Volunteers of america, inc. Has the right to 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
Houston Voa Elderly Housing Inc
EIN
58-1805613
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
TX
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/TitleTxt1TREASURER
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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
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IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASST. SEC.
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IRS990/OtherExpensesGrp/Desc3MISC. TAXES & INSURANCE
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt134677
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt216063
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE

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.$3.20$3.40$0.20$0.97$1.02$0.06
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.32$3.46$0.14$0.94$1.02$0.08
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$3.49$0.06$0.91$0.96$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.55$3.56$0.01$0.89$0.96$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.67$3.60$0.07$0.90$0.92$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.80$3.71$0.09$0.83$0.89$0.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.95$3.80$0.15$0.84$0.92$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.07$3.83$0.23$0.82$0.83$0.01
2017Detailed filing. Detailed filing data is available for this year.$4.10$3.85$0.24$0.82$0.83$0.02
2016Detailed filing. Detailed filing data is available for this year.$4.29$4.03$0.26$0.80$0.85$0.05
2015Detailed filing. Detailed filing data is available for this year.$4.43$4.13$0.31$0.78$0.83$0.05
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.00$4.64$0.35$0.82$0.75$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$2.43$0.28$0.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$2.52$0.23$0.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$2.53$0.18$0.75
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits