Civic Intelligence

Pinellas County Voa Elderly Housing Creekside Manor II

990 • Fiscal year 2019 • EIN 58-1805631

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 05, 2019

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

97th percentile

1.61x

Higher debt load relative to assets than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

4.07x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

25th percentile

-6.2%

Higher net margin than 25% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

98th percentile

$615,490

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 124.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

21st percentile

-4.6%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

36th percentile

-1.1%

Faster revenue growth than 36% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,244,108

Down $59,624 (-4.6%) from 2018

Net Assets

Down

-$760,878

Down $30,392 (-4.2%) from 2018

Liabilities

Down

$2,004,986

Down $29,232 (-1.4%) from 2018

Revenue

Down

$493,138

Down $5,431 (-1.1%) from 2018

Expenses

Up

$523,530

Up $2,467 (+0.5%) from 2018

Net Income

Down

-$30,392

Down $7,898 (-35%) from 2018

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

2019

Assets$1,244,108
Liabilities$2,004,986
Net Assets-$760,878

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

2019

Revenue$493,138
Expenses$523,530
Net Income-$30,392
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 5, 2019
Return Version
2018v3.1
Gross Receipts
$493,138
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$1,055,698$1,006,964▼ $48,734
Prepaid Expenses and Deferred Charges$28,930$31,723▲ $2,793
Accounts Receivable$6,558$8,643▲ $2,085
Cash and Non-Interest-Bearing Accounts$1,737$2,920▲ $1,183
Total Assets$1,303,732$1,244,108▼ $59,624
Other Assets Total$210,809$193,858▼ $16,951
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,950,680$1,920,099▼ $30,581
Accounts Payable and Accrued Expenses$72,259$73,754▲ $1,495
Other Liabilities$10,874$10,451▼ $423
Deferred Revenue$405$682▲ $277
Total Liabilities$2,034,218$2,004,986▼ $29,232
Net Assets / Fund Balance
Unrestricted Net Assets$-730,486$-760,878▼ $30,392
Total Net Assets Fund Balance$-730,486$-760,878▼ $30,392
Total Liabilities and Net Assets / Fund Balance$1,303,732$1,244,108▼ $59,624

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$721,803$1,329,372$2,051,175
Land$217,174-$217,174
Other Land Buildings$63,381$79,718$143,099
Equipment$4,606$4,636$9,242
Other Assets Org$193,858--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sharon Wilson GenoAsst Sec/tre$378,388$378,388
Joseph a BudzynskiAsst Sec/tre$332,153$332,153
Robert GibsonAsst. Sec/tr$332,046$332,046
Nancy a GavinAsst. Sec/tr$224,221$224,221
Faith NutzAsst. Sec/tr$133,516$133,516

Board Members and Trustees

NameTitle
Jane BurksBoard Chair
Michael W KingPresident
David C KikumotoVice Chairma
Andrew EdeburnDirector
James LeblancDirector
Jeanne PetersenDirector
Karen DaleDirector
Keith KnappDirector
Michael SullivanDirector
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.
Nancy a GavinAsst. Sec/treas
Robert GibsonAsst. Sec/treas
Edwina CarringtonSecretary
Patti ArnoldTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Volunteers Of America Of Florida INCMgmt, P/r, Acct1205 E 8TH AVENUE, Tampa, FL 33605$140,450
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$490,605
Investment Income
$2,533
Other Revenue
$0
Change in Net Assets
$-30,392

Audited Revenue Reconciliation

Revenue per Audited Statements
$493,138
Total Revenue per Audited Statements
$493,138
Total Revenue per Form 990
$493,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$432,558
Salaries, Compensation, and Employee Benefits$90,972
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$241,141--$241,141
Depreciation Depletion$77,059--$77,059
Other Salaries and Wages$71,908--$71,908
Fees for Services Management-$26,030-$26,030
Other Employee Benefits$13,302--$13,302
Office Expenses$11,727--$11,727
Fees for Services Accounting-$11,280-$11,280
Payroll Taxes$5,762--$5,762
Interest$2,280--$2,280
Advertising$1,801--$1,801
Conferences and Meetings-$1,721-$1,721
Other Expenses$1,489--$1,489
Insurance$1,145--$1,145
All Other Expenses$1,035--$1,035
Total Functional Expenses$484,499$39,031$0$523,530

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$523,530
Total Expenses per Audited Statements$523,530
Total Expenses per Form 990$523,530
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$10,451
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 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

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

Filer Name
Pinellas County Voa Elderly Housing
EIN
58-1805631
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst Sec/treas & CFO
Phone
7033415000
Signed
2019-09-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
1987
Legal Domicile
Fl
Voting Board Members
15
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/ReportableCompFromRltdOrgAmt21114887
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/TRE
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASST SEC/TRE
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt20ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt21ASST. SEC/TR
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IRS990/FormationYr01987
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IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
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IRS990/GrossReceiptsAmt0493138
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IRS990/IncludeFIN48FootnoteInd0false
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt01006964
IRS990/LandBldgEquipCostOrOtherBssAmt02420690
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/BOYAmt01950680
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IRS990/NetAssetsOrFundBalancesEOYAmt0-760878
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IRS990/OccupancyGrp/ProgramServicesAmt0241141
IRS990/OccupancyGrp/TotalAmt0241141
IRS990/OfficeExpensesGrp/ProgramServicesAmt011727
IRS990/OfficeExpensesGrp/TotalAmt011727
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0210809
IRS990/OtherAssetsTotalGrp/EOYAmt0193858
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013302
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013302
IRS990/OtherExpensesGrp/Desc0OPERATING & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt025352
IRS990/OtherExpensesGrp/ProgramServicesAmt124015
IRS990/OtherExpensesGrp/ProgramServicesAmt26483
IRS990/OtherExpensesGrp/ProgramServicesAmt31489
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IRS990/OtherExpensesGrp/TotalAmt26483
IRS990/OtherExpensesGrp/TotalAmt31489
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01473
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02170
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0470285
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02421872
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0721803
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01329372
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02051175
IRS990ScheduleD/EquipmentGrp/BookValueAmt04606
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04636
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09242
IRS990ScheduleD/ExpensesSubtotalAmt0523530
IRS990ScheduleD/LandGrp/BookValueAmt0217174
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0217174

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.$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
2019Detailed filing. Detailed filing data is available for this year.$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