Civic Intelligence

Torrington Voa Elderly Housing Inc Bell Park Tower

990 • Fiscal year 2018 • EIN 58-1805618

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 17, 2018

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

41st percentile

0.05x

Higher debt load relative to assets than 41% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

59th percentile

0.15x

Higher debt load relative to revenue than 59% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

13th percentile

-22%

Higher net margin than 13% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

98th percentile

$562,589

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 159.6% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

23rd percentile

-5.1%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

55th percentile

5.8%

Faster revenue growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,137,150

Down $61,681 (-5.1%) from 2017

Net Assets

Down

$1,084,042

Down $77,261 (-6.7%) from 2017

Liabilities

Up

$53,108

Up $15,580 (+42%) from 2017

Revenue

Up

$352,561

Up $19,411 (+5.8%) from 2017

Expenses

Up

$429,822

Up $26,972 (+6.7%) from 2017

Net Income

Down

-$77,261

Down $7,561 (-11%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $1,433,342Liabilities 2011: $34,577Net Assets 2011: $1,398,7652011Assets 2012: $1,417,123Liabilities 2012: $40,191Net Assets 2012: $1,376,9322012Assets 2013: $1,397,735Liabilities 2013: $42,324Net Assets 2013: $1,355,4112013Assets 2014: $1,353,296Liabilities 2014: $39,907Net Assets 2014: $1,313,3892014Assets 2015: $1,325,005Liabilities 2015: $37,780Net Assets 2015: $1,287,2252015Assets 2016: $1,270,509Liabilities 2016: $39,506Net Assets 2016: $1,231,0032016Assets 2017: $1,198,831Liabilities 2017: $37,528Net Assets 2017: $1,161,3032017Assets 2018: $1,137,150Liabilities 2018: $53,108Net Assets 2018: $1,084,0422018Assets 2019: $1,087,349Liabilities 2019: $49,054Net Assets 2019: $1,038,2952019Assets 2020: $1,097,653Liabilities 2020: $71,143Net Assets 2020: $1,026,5102020Assets 2021: $1,098,393Liabilities 2021: $49,746Net Assets 2021: $1,048,6472021Assets 2022: $1,121,519Liabilities 2022: $46,854Net Assets 2022: $1,074,6652022Assets 2023: $1,149,828Liabilities 2023: $68,963Net Assets 2023: $1,080,8652023Assets 2024: $1,175,637Liabilities 2024: $72,581Net Assets 2024: $1,103,0562024Assets 2025: $1,198,996Liabilities 2025: $118,601Net Assets 2025: $1,080,3952025

Highlighted filing

2018

Assets$1,137,150
Liabilities$53,108
Net Assets$1,084,042

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $305,5052011Expenses 2012: $338,5222012Revenue 2013: $314,588Expenses 2013: $336,109Net Income 2013: -$21,5212013Revenue 2014: $312,479Expenses 2014: $354,501Net Income 2014: -$42,0222014Revenue 2015: $339,304Expenses 2015: $365,468Net Income 2015: -$26,1642015Revenue 2016: $319,782Expenses 2016: $376,004Net Income 2016: -$56,2222016Revenue 2017: $333,150Expenses 2017: $402,850Net Income 2017: -$69,7002017Revenue 2018: $352,561Expenses 2018: $429,822Net Income 2018: -$77,2612018Revenue 2019: $387,520Expenses 2019: $433,267Net Income 2019: -$45,7472019Revenue 2020: $426,382Expenses 2020: $438,167Net Income 2020: -$11,7852020Revenue 2021: $426,938Expenses 2021: $404,801Net Income 2021: $22,1372021Revenue 2022: $422,882Expenses 2022: $396,864Net Income 2022: $26,0182022Revenue 2023: $430,883Expenses 2023: $424,683Net Income 2023: $6,2002023Revenue 2024: $432,969Expenses 2024: $410,778Net Income 2024: $22,1912024Revenue 2025: $425,256Expenses 2025: $447,917Net Income 2025: -$22,6612025

Highlighted filing

2018

Revenue$352,561
Expenses$429,822
Net Income-$77,261
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 17, 2018
Return Version
2017v2.3
Gross Receipts
$352,561
Mission and Program Overview

Mission

Provide housing for the elderly and the disabled 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$1,041,410$990,558▼ $50,852
Prepaid Expenses and Deferred Charges$8,151$8,643▲ $492
Cash and Non-Interest-Bearing Accounts$8,770$2,605▼ $6,165
Accounts Receivable$737$82▼ $655
Total Assets$1,198,831$1,137,150▼ $61,681
Other Assets Total$139,763$135,262▼ $4,501
Liabilities
Accounts Payable and Accrued Expenses$24,791$39,710▲ $14,919
Other Liabilities$12,737$13,341▲ $604
Deferred Revenue-$57-
Total Liabilities$37,528$53,108▲ $15,580
Net Assets / Fund Balance
Unrestricted Net Assets$1,161,303$1,084,042▼ $77,261
Total Net Assets Fund Balance$1,161,303$1,084,042▼ $77,261
Total Liabilities and Net Assets / Fund Balance$1,198,831$1,137,150▼ $61,681

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$872,606$1,280,816$2,153,422
Other Land Buildings$50,996$127,476$178,472
Land$60,000-$60,000
Equipment$6,956$48,868$55,824
Other Assets Org$14,450--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Joseph a BudzynskiAsst. Sec/tr$329,643$329,643
Robert GibsonAsst. Sec/tr$322,628$322,628
Sharon Wilson GenoAsst. Sec/tr$306,977$306,977
Nancy a GavinAsst. Sec/tr$212,308$212,308
Deborah a PerryAsst. Sec/tr$187,448$187,448

Board Members and Trustees

NameTitle
Jane BurksBoard Chair
Michael W KingPresident
David C KikumotoVice Chairma
Andy EdeburnDirector
James LeblancDirector
Jeanne PetersenDirector
Karen DaleDirector
Keith KnappDirector
Michael SullivanDirector
Nancy RaseDirector
Shawn BloomDirector
Steve WakefieldDirector
Thomas DolanDirector
Cynthia R KellerAsst. Sec.
Patrick N SheridanAsst. Sec.
Deborah a PerryAsst. Sec/treas
Nancy a GavinAsst. Sec/treas
Robert GibsonAsst. Sec/treas
Sharon Wilson GenoAsst. Sec/treas
Joseph a BudzynskiAsst. Sec/treas, CFO
Edwina CarringtonSecretary
Patti ArnoldTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Volunteers Of America Northern RockMgmt, Pr, S/c1660 DUKE STREET, Alexandria, VA 22314$168,419
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$351,780
Investment Income
$781
Other Revenue
$0
Change in Net Assets
$-77,261

Audited Revenue Reconciliation

Revenue per Audited Statements
$352,561
Total Revenue per Audited Statements
$352,561
Total Revenue per Form 990
$352,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$303,603
Salaries, Compensation, and Employee Benefits$126,219
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$98,936--$98,936
Depreciation Depletion$80,690--$80,690
Occupancy$50,825--$50,825
Fees for Services Management-$24,912-$24,912
Other Employee Benefits$19,410--$19,410
Office Expenses$16,218--$16,218
Advertising$15,021--$15,021
Fees for Services Accounting-$9,230-$9,230
Payroll Taxes$7,873--$7,873
Conferences and Meetings$3,049--$3,049
Insurance$1,260--$1,260
Other Expenses$139--$139
Total Functional Expenses$395,680$34,142$0$429,822

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$429,822
Total Expenses per Audited Statements$429,822
Total Expenses per Form 990$429,822
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$13,341
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 asst. Sec./a dir and/or officer of voa robert gibson 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 voa northern rockies 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
Torrington Voa Elderly Housing Inc
EIN
58-1805618
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst. Sec/treas, CFO
Phone
7033415000
Signed
2018-09-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
1993
Legal Domicile
Wy
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/ReportableCompFromOrgAmt190
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt20ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt21ASST. SEC/TR
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IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
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IRS990/GrossReceiptsAmt0352561
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt01041410
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0990558
IRS990/LandBldgEquipCostOrOtherBssAmt02447718
IRS990/LegalDomicileStateCd0WY
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IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE HOUSING FOR THE ELDERLY AND THE DISABLED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01161303
IRS990/NetAssetsOrFundBalancesEOYAmt01084042
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IRS990/OccupancyGrp/ProgramServicesAmt050825
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IRS990/OfficeExpensesGrp/ProgramServicesAmt016218
IRS990/OfficeExpensesGrp/TotalAmt016218
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt019410
IRS990/OtherExpensesGrp/Desc0MISC OPER EXPENSE
IRS990/OtherExpensesGrp/Desc1ELDERLY SERVICES
IRS990/OtherExpensesGrp/Desc2MISC ADMIN EXPENSE
IRS990/OtherExpensesGrp/Desc3MISC TAX & LICENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt063301
IRS990/OtherExpensesGrp/ProgramServicesAmt127693
IRS990/OtherExpensesGrp/ProgramServicesAmt211265
IRS990/OtherExpensesGrp/ProgramServicesAmt3139
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IRS990/OtherExpensesGrp/TotalAmt127693
IRS990/OtherExpensesGrp/TotalAmt211265
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IRS990/PrincipalOfficerNm0JOSEPH A BUDZYNSKI
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IRS990/ReconcilationRevenueExpnssAmt0-77261
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0306
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0653
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01393
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0351780
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0319476
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0338651
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01652458
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0781
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0653
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IRS990ScheduleA/PublicSupportPY509Pct00.99790
IRS990ScheduleA/PublicSupportTotal509Amt01652458
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0351780
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0333034
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0319476
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0338651
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0309517
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0319782
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0339304
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0310910
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0872606
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01280816
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02153422
IRS990ScheduleD/EquipmentGrp/BookValueAmt06956
IRS990ScheduleD/EquipmentGrp/DepreciationAmt048868
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt055824
IRS990ScheduleD/ExpensesSubtotalAmt0429822
IRS990ScheduleD/LandGrp/BookValueAmt060000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0120812
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt114450
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt050996
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0127476
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0178472

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.$1.20$0.12$1.08$0.43$0.45$0.02
2024Summary only. Only limited summary data is available for this year.$1.18$0.07$1.10$0.43$0.41$0.02
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.07$1.08$0.43$0.42$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.05$1.07$0.42$0.40$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.05$1.05$0.43$0.40$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.07$1.03$0.43$0.44$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.05$1.04$0.39$0.43$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.14$0.05$1.08$0.35$0.43$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.04$1.16$0.33$0.40$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.27$0.04$1.23$0.32$0.38$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.04$1.29$0.34$0.37$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.35$0.04$1.31$0.31$0.35$0.04
2013Summary only. Only limited summary data is available for this year.$1.40$0.04$1.36$0.31$0.34$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.04$1.38$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.03$1.40$0.31