Civic Intelligence

Pinellas County Voa Elderly Housing Creekside Manor II

990 • Fiscal year 2014 • EIN 58-1805631

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 10, 2014

1660 Duke Street22314

(703) 341-5000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.45x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

95th percentile

4.66x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

30th percentile

-3.5%

Higher net margin than 30% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

98th percentile

$487,861

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 105.4% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

28th percentile

-2.9%

Faster asset growth than 28% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$1,483,759

Down $43,742 (-2.9%) from 2013

Net Assets

Down

-$673,607

Down $15,993 (-2.4%) from 2013

Liabilities

Down

$2,157,366

Down $27,749 (-1.3%) from 2013

Revenue

$462,699

No earlier filing loaded for comparison.

Expenses

Up

$478,692

Up $13,617 (+2.9%) from 2013

Net Income

-$15,993

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,606,658Liabilities 2011: $2,217,348Net Assets 2011: -$610,6902011Assets 2012: $1,560,784Liabilities 2012: $2,194,721Net Assets 2012: -$633,9372012Assets 2013: $1,527,501Liabilities 2013: $2,185,115Net Assets 2013: -$657,6142013Assets 2014: $1,483,759Liabilities 2014: $2,157,366Net Assets 2014: -$673,6072014Assets 2015: $1,451,635Liabilities 2015: $2,130,703Net Assets 2015: -$679,0682015Assets 2016: $1,393,967Liabilities 2016: $2,096,058Net Assets 2016: -$702,0912016Assets 2017: $1,338,899Liabilities 2017: $2,046,891Net Assets 2017: -$707,9922017Assets 2018: $1,303,732Liabilities 2018: $2,034,218Net Assets 2018: -$730,4862018Assets 2019: $1,244,108Liabilities 2019: $2,004,986Net Assets 2019: -$760,8782019Assets 2020: $1,201,230Liabilities 2020: $1,978,483Net Assets 2020: -$777,2532020Assets 2021: $1,155,940Liabilities 2021: $1,944,677Net Assets 2021: -$788,7372021Assets 2022: $1,093,625Liabilities 2022: $1,936,725Net Assets 2022: -$843,1002022Assets 2023: $22,717Liabilities 2023: $8,953Net Assets 2023: $13,7642023Assets 2024: $102,967Liabilities 2024: $96,832Net Assets 2024: $6,1352024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2014

Assets$1,483,759
Liabilities$2,157,366
Net Assets-$673,607

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $455,2692011Expenses 2012: $484,2642012Expenses 2013: $465,0752013Revenue 2014: $462,699Expenses 2014: $478,692Net Income 2014: -$15,9932014Revenue 2015: $473,151Expenses 2015: $478,612Net Income 2015: -$5,4612015Revenue 2016: $472,455Expenses 2016: $500,224Net Income 2016: -$27,7692016Revenue 2017: $484,559Expenses 2017: $490,460Net Income 2017: -$5,9012017Revenue 2018: $498,569Expenses 2018: $521,063Net Income 2018: -$22,4942018Revenue 2019: $493,138Expenses 2019: $523,530Net Income 2019: -$30,3922019Revenue 2020: $521,848Expenses 2020: $538,223Net Income 2020: -$16,3752020Revenue 2021: $526,491Expenses 2021: $537,975Net Income 2021: -$11,4842021Revenue 2022: $495,498Expenses 2022: $549,861Net Income 2022: -$54,3632022Revenue 2023: $5,227,119Expenses 2023: $326,180Net Income 2023: $4,900,9392023Revenue 2024: $342Expenses 2024: $3,646Net Income 2024: -$3,3042024Revenue 2025: $2,209Expenses 2025: $8,344Net Income 2025: -$6,1352025

Highlighted filing

2014

Revenue$462,699
Expenses$478,692
Net Income-$15,993
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 10, 2014
Return Version
2013v3.1
Gross Receipts
$462,699
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$1,277,354$1,216,484▼ $60,870
Prepaid Expenses and Deferred Charges$30,730$29,140▼ $1,590
Cash and Non-Interest-Bearing Accounts$10,246$10,490▲ $244
Accounts Receivable$5,021$4,132▼ $889
Total Assets$1,527,501$1,483,759▼ $43,742
Other Assets Total$204,150$223,513▲ $19,363
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,069,258$2,048,728▼ $20,530
Accounts Payable and Accrued Expenses$103,847$97,527▼ $6,320
Other Liabilities$9,313$10,214▲ $901
Deferred Revenue$2,697$897▼ $1,800
Total Liabilities$2,185,115$2,157,366▼ $27,749
Net Assets / Fund Balance
Unrestricted Net Assets$-657,614$-673,607▼ $15,993
Total Net Assets Fund Balance$-657,614$-673,607▼ $15,993
Total Liabilities and Net Assets / Fund Balance$1,527,501$1,483,759▼ $43,742

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$967,023$1,032,398$1,999,421
Land$217,174-$217,174
Other Land Buildings$32,287$83,246$115,533
Equipment-$2,124$2,124
Other Assets Org$223,513--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Thomas D TurnbullAsst Sec/ass$340,573$340,573
David T BowmanAsst. Sec/as$281,374$281,374
Joseph a BudzynskiAsst Sec/tre$246,967$246,967
Nancy GavinAsst. Sec/as$212,691$212,691
Deborah PerryAsst. Sec/as$181,587$181,587

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Volunteers Of America Of Florida INCMgmt, P/r, Acct-$114,462
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$461,642
Investment Income
$1,057
Other Revenue
$0
Change in Net Assets
$-15,993

Audited Revenue Reconciliation

Revenue per Audited Statements
$462,699
Total Revenue per Audited Statements
$462,699
Total Revenue per Form 990
$462,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$415,416
Salaries, Compensation, and Employee Benefits$63,276
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$243,529--$243,529
Depreciation Depletion$67,584--$67,584
Other Salaries and Wages$52,780--$52,780
Fees for Services Management-$24,627-$24,627
Office Expenses$10,485--$10,485
Fees for Services Accounting-$10,096-$10,096
Other Employee Benefits$5,897--$5,897
Payroll Taxes$4,599--$4,599
Interest$2,276--$2,276
Advertising$1,575--$1,575
Conferences and Meetings$1,470--$1,470
Fees for Services Legal-$1,098-$1,098
Insurance$721--$721
Other Expenses$222--$222
Total Functional Expenses$442,871$35,821$0$478,692

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$478,692
Total Expenses per Audited Statements$478,692
Total Expenses per Form 990$478,692
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$10,214
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 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

EIN
58-1805631
Phone
7033415000

Signing Officer

Name
Thomas D Turnbull
Title
Asst. Sec/treas
Phone
7033415000
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Same as C Above
Formed
1987
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
11
Employees
0

Preparer

Preparer
William B Beale
Phone
2259263360
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IRS990/Form990PartVIISectionAGrp/PersonNm14JOSEPH A BUDZYNSKI
IRS990/Form990PartVIISectionAGrp/PersonNm15DAVID T BOWMAN
IRS990/Form990PartVIISectionAGrp/PersonNm16PATRICK SHERIDAN
IRS990/Form990PartVIISectionAGrp/PersonNm17NANCY GAVIN
IRS990/Form990PartVIISectionAGrp/PersonNm18ROBIN KELLER
IRS990/Form990PartVIISectionAGrp/PersonNm19DEBORAH PERRY
IRS990/Form990PartVIISectionAGrp/PersonNm20WAYNE C OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm21ROBERT D GIBSON
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17165787
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt18129511
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1998045
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20301914
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt21189437
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD VICE C
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASST SEC/ASS
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASST SEC/TRE
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST. SEC/AS
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASST. SEC/AS
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASST. SEC/AS
IRS990/Form990PartVIISectionAGrp/TitleTxt20KEY EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21KEY EMPLOYEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0462699
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0721
IRS990/InsuranceGrp/TotalAmt0721
IRS990/InterestGrp/ProgramServicesAmt02276
IRS990/InterestGrp/TotalAmt02276
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01057
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01057
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01117768
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01277354
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01216484
IRS990/LandBldgEquipCostOrOtherBssAmt02334252
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02069258
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02048728
IRS990/NetAssetsOrFundBalancesBOYAmt0-657614
IRS990/NetAssetsOrFundBalancesEOYAmt0-673607
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IRS990/OccupancyGrp/ProgramServicesAmt0243529
IRS990/OccupancyGrp/TotalAmt0243529
IRS990/OfficeExpensesGrp/ProgramServicesAmt010485
IRS990/OfficeExpensesGrp/TotalAmt010485
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05897
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IRS990/OtherExpensesGrp/Desc1SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3MISC TAXES
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IRS990/OtherExpensesGrp/ProgramServicesAmt121024
IRS990/OtherExpensesGrp/ProgramServicesAmt22794
IRS990/OtherExpensesGrp/ProgramServicesAmt3222
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01499
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01533
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04580
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0439707
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0459518
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0431865
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0437097
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01691
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01499
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01533
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04580
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IRS990ScheduleA/InvestmentIncomePYPct00.01000
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IRS990ScheduleA/PublicSupportCY509Pct00.99540
IRS990ScheduleA/PublicSupportPY509Pct00.99390
IRS990ScheduleA/PublicSupportTotal509Amt02229829
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X

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.$0.00$0.00$0.00$0.00$0.01$0.01
2024Summary only. Only limited summary data is available for this year.$0.10$0.10$0.01$0.00$0.00$0.00
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.01$0.01$5.23$0.33$4.90
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$1.94$0.84$0.50$0.55$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$1.94$0.79$0.53$0.54$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$1.98$0.78$0.52$0.54$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$2.00$0.76$0.49$0.52$0.03
2018Summary only. Only limited summary data is available for this year.$1.30$2.03$0.73$0.50$0.52$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$2.05$0.71$0.48$0.49$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.39$2.10$0.70$0.47$0.50$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.45$2.13$0.68$0.47$0.48$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.48$2.16$0.67$0.46$0.48$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$2.19$0.66$0.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$2.19$0.63$0.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$2.22$0.61$0.46