Civic Intelligence

Torrington Voa Elderly Housing Inc Bell Park Tower

990 • Fiscal year 2020 • EIN 58-1805618

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 10, 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

44th percentile

0.06x

Higher debt load relative to assets than 44% of similar nonprofits.

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

Liabilities / Revenue

55th percentile

0.17x

Higher debt load relative to revenue than 55% of similar nonprofits.

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

Net Margin

31st percentile

-2.8%

Higher net margin than 31% 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 155.1% of source-year revenue.

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

Asset Growth

35th percentile

0.9%

Faster asset growth than 35% of similar nonprofits.

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

Revenue Growth

65th percentile

10%

Faster revenue growth than 65% of similar nonprofits.

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

Assets

Up

$1,097,653

Up $10,304 (+0.9%) from 2019

Net Assets

Down

$1,026,510

Down $11,785 (-1.1%) from 2019

Liabilities

Up

$71,143

Up $22,089 (+45%) from 2019

Revenue

Up

$426,382

Up $38,862 (+10%) from 2019

Expenses

Up

$438,167

Up $4,900 (+1.1%) from 2019

Net Income

Up

-$11,785

Up $33,962 (+74%) from 2019

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

2020

Assets$1,097,653
Liabilities$71,143
Net Assets$1,026,510

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

2020

Revenue$426,382
Expenses$438,167
Net Income-$11,785
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 10, 2020
Return Version
2019v5.0
Gross Receipts
$426,382
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$937,124$948,731▲ $11,607
Cash and Non-Interest-Bearing Accounts$6,126$45,359▲ $39,233
Prepaid Expenses and Deferred Charges$9,539$14,367▲ $4,828
Accounts Receivable$475$889▲ $414
Total Assets$1,087,349$1,097,653▲ $10,304
Other Assets Total$134,085$88,307▼ $45,778
Liabilities
Accounts Payable and Accrued Expenses$34,142$56,296▲ $22,154
Other Liabilities$14,554$14,615▲ $61
Deferred Revenue$358$232▼ $126
Total Liabilities$49,054$71,143▲ $22,089
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,012,600$2,012,600→ $0
Net Assets Without Donor Restrictions$-974,305$-986,090▼ $11,785
Total Net Assets Fund Balance$1,038,295$1,026,510▼ $11,785
Total Liabilities and Net Assets / Fund Balance$1,087,349$1,097,653▲ $10,304

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$798,671$1,406,033$2,204,704
Other Land Buildings$86,435$107,542$193,977
Land$60,000-$60,000
Equipment$3,625$43,860$47,485
Other Assets Org$17,844--
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 Northern RockMgmt, Pr, S/c1660 DUKE STREET, Alexandria, VA 22314$191,905
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$425,246
Investment Income
$1,136
Other Revenue
$0
Change in Net Assets
$-11,785

Audited Revenue Reconciliation

Revenue per Audited Statements
$426,382
Total Revenue per Audited Statements
$426,382
Total Revenue per Form 990
$426,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$307,396
Salaries, Compensation, and Employee Benefits$130,771
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$109,794--$109,794
Depreciation Depletion$76,595--$76,595
Occupancy$32,963--$32,963
Fees for Services Management-$24,895-$24,895
Office Expenses$21,895--$21,895
Advertising$13,335--$13,335
Other Employee Benefits$12,539--$12,539
Fees for Services Accounting-$9,590-$9,590
Payroll Taxes$8,438--$8,438
Insurance$2,149--$2,149
Conferences and Meetings-$1,694-$1,694
Other Expenses$53--$53
Total Functional Expenses$401,988$36,179$0$438,167

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$438,167
Total Expenses per Audited Statements$438,167
Total Expenses per Form 990$438,167
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$14,615
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 black king asst. Sec./t 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 rockiespursuant 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
2020-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
1993
Legal Domicile
Wy
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/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/MissionDesc0PROVIDE HOUSING FOR THE ELDERLY AND THE DISABLED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD.
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IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc3MISC TAX & LICENSE
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IRS990/OtherExpensesGrp/ProgramServicesAmt122710
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Document Assets

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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
2020Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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