Civic Intelligence

Redford Township Voa Elderly Housin Coventry Place Apartments

EIN 58-1805632 • 501(c)3 • Alexandria, VA

Profile

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

Refreshing map…

1660 Duke StreetAlexandria, VA 22314
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.16x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

96th percentile

4.74x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

38th percentile

-0.2%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

99th percentile

$868,407

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 114.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

29th percentile

-3.0%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

46th percentile

4.8%

Faster revenue growth than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$3,108,392

Down $96,486 (-3.0%) from 2024

Liabilities

Down

$3,596,379

Down $95,202 (-2.6%) from 2024

Net Assets

Down

-$487,987

Down $1,284 (-0.3%) from 2024

Revenue

Up

$759,234

Up $34,836 (+4.8%) from 2024

Expenses

Down

$760,518

Down $39,186 (-4.9%) from 2024

Net Income

Up

-$1,284

Up $74,022 (+98%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $1,417,388Liabilities 2011: $1,949,611Net Assets 2011: -$532,2232011Assets 2012: $1,303,652Liabilities 2012: $1,900,086Net Assets 2012: -$596,4342012Assets 2013: $1,254,916Liabilities 2013: $1,841,886Net Assets 2013: -$586,9702013Assets 2014: $1,215,217Liabilities 2014: $1,780,329Net Assets 2014: -$565,1122014Assets 2015: $1,171,784Liabilities 2015: $1,742,644Net Assets 2015: -$570,8602015Assets 2016: $1,593,478Liabilities 2016: $1,770,427Net Assets 2016: -$176,9492016Assets 2017: $1,402,266Liabilities 2017: $1,569,921Net Assets 2017: -$167,6552017Assets 2018: $1,345,606Liabilities 2018: $1,484,648Net Assets 2018: -$139,0422018Assets 2019: $1,377,614Liabilities 2019: $1,464,935Net Assets 2019: -$87,3212019Assets 2020: $4,156,327Liabilities 2020: $4,236,257Net Assets 2020: -$79,9302020Assets 2021: $3,609,110Liabilities 2021: $3,807,840Net Assets 2021: -$198,7302021Assets 2022: $3,462,794Liabilities 2022: $3,780,639Net Assets 2022: -$317,8452022Assets 2023: $3,357,751Liabilities 2023: $3,769,148Net Assets 2023: -$411,3972023Assets 2024: $3,204,878Liabilities 2024: $3,691,581Net Assets 2024: -$486,7032024Assets 2025: $3,108,392Liabilities 2025: $3,596,379Net Assets 2025: -$487,9872025

Highlighted filing

2025

Assets$3,108,392
Liabilities$3,596,379
Net Assets-$487,987

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $623,9192011Expenses 2012: $640,2992012Expenses 2013: $564,7092013Revenue 2014: $600,252Expenses 2014: $578,394Net Income 2014: $21,8582014Revenue 2015: $606,864Expenses 2015: $612,612Net Income 2015: -$5,7482015Revenue 2016: $949,719Expenses 2016: $555,808Net Income 2016: $393,9112016Revenue 2017: $618,573Expenses 2017: $609,279Net Income 2017: $9,2942017Revenue 2018: $635,525Expenses 2018: $606,912Net Income 2018: $28,6132018Revenue 2019: $634,686Expenses 2019: $582,965Net Income 2019: $51,7212019Revenue 2020: $625,914Expenses 2020: $618,523Net Income 2020: $7,3912020Revenue 2021: $678,033Expenses 2021: $796,833Net Income 2021: -$118,8002021Revenue 2022: $665,608Expenses 2022: $784,723Net Income 2022: -$119,1152022Revenue 2023: $678,686Expenses 2023: $772,238Net Income 2023: -$93,5522023Revenue 2024: $724,398Expenses 2024: $799,704Net Income 2024: -$75,3062024Revenue 2025: $759,234Expenses 2025: $760,518Net Income 2025: -$1,2842025

Highlighted filing

2025

Revenue$759,234
Expenses$760,518
Net Income-$1,284

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.11$3.60$0.49$0.76$0.76$0.00
2024Detailed filing. Detailed filing data is available for this year.$3.20$3.69$0.49$0.72$0.80$0.08
2023Detailed filing. Detailed filing data is available for this year.$3.36$3.77$0.41$0.68$0.77$0.09
2022Detailed filing. Detailed filing data is available for this year.$3.46$3.78$0.32$0.67$0.78$0.12
2021Detailed filing. Detailed filing data is available for this year.$3.61$3.81$0.20$0.68$0.80$0.12
2020Detailed filing. Detailed filing data is available for this year.$4.16$4.24$0.08$0.63$0.62$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.38$1.46$0.09$0.63$0.58$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.35$1.48$0.14$0.64$0.61$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.40$1.57$0.17$0.62$0.61$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.59$1.77$0.18$0.95$0.56$0.39
2015Detailed filing. Detailed filing data is available for this year.$1.17$1.74$0.57$0.61$0.61$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.22$1.78$0.57$0.60$0.58$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$1.84$0.59$0.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$1.90$0.60$0.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$1.95$0.53$0.62
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 20, 2025
Return Version
2024v5.0
Gross Receipts
$759,234
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$2,758,877$2,556,393▼ $202,484
Cash and Non-Interest-Bearing Accounts$42,451$140,525▲ $98,074
Prepaid Expenses and Deferred Charges$39,665$37,338▼ $2,327
Accounts Receivable$23,487$15,054▼ $8,433
Total Assets$3,204,878$3,108,392▼ $96,486
Other Assets Total$340,398$359,082▲ $18,684
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,526,917$3,466,428▼ $60,489
Other Liabilities$122,689$95,389▼ $27,300
Accounts Payable and Accrued Expenses$41,089$33,820▼ $7,269
Deferred Revenue$886$742▼ $144
Total Liabilities$3,691,581$3,596,379▼ $95,202
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-486,703$-487,987▼ $1,284
Total Net Assets Fund Balance$-486,703$-487,987▼ $1,284
Total Liabilities and Net Assets / Fund Balance$3,204,878$3,108,392▼ $96,486

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,465,152$2,517,855$4,983,007
Other Land Buildings$25,863$119,763$145,626
Equipment$20,336$86,729$107,065
Land$45,042-$45,042
Other Assets Org$359,082--
Compensation and Service Providers

Employees

NameTitleOtherTotal
David NisivocciaAsst. Treas/$516,603$516,603
Joseph BudzynskiAsst Treas/s$465,439$465,439
Paul SoczynskiAsst. Treas/$378,447$378,447
Peter DesjardinsAsst. Treas/$319,503$319,503
Nancy GavinAsst. Sec/tr$285,594$285,594
Kimberly KingAsst. Treas/$256,810$256,810
David PaskoffAsst. Treas/$197,896$197,896
Dejernette BeatyAsst. Treas/$193,522$193,522
Faith NutzAsst. Sec/tr$169,200$169,200

Board Members and Trustees

NameTitle
Nancy RaseChair
Michael W KingPresident
Derrick PerkinsVice Chair
Beth MullenDirector
Carmen JacksonDirector
Janet StringfellowDirector
Jeanne PetersonDirector
Keith KnappDirector
Patrick SheridanDirector
Patti ArnoldDirector
Shawn BloomDirector
Voris VigeeDirector
Walter TejadaDirector
Joseph BudzynskiAsst Treas/sec & CFO
Faith NutzAsst. Sec/treas
Nancy GavinAsst. Sec/treas
David NisivocciaAsst. Treas/sec
David PaskoffAsst. Treas/sec
Dejernette BeatyAsst. Treas/sec
Kimberly KingAsst. Treas/sec
Paul SoczynskiAsst. Treas/sec
Peter DesjardinsAsst. Treas/sec
Karen HackettSecretary
Karen EricksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$727,229
Investment Income
$1,873
Other Revenue
$30,132
Change in Net Assets
$-1,284

Audited Revenue Reconciliation

Revenue per Audited Statements
$759,234
Total Revenue per Audited Statements
$759,234
Total Revenue per Form 990
$759,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$643,458
Salaries, Compensation, and Employee Benefits$117,060
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$230,990--$230,990
Depreciation Depletion$205,715--$205,715
Other Salaries and Wages$93,403--$93,403
Fees for Services Management-$36,598-$36,598
Office Expenses$18,937--$18,937
Other Employee Benefits$15,587--$15,587
Fees for Services Accounting-$12,898-$12,898
Payroll Taxes$8,070--$8,070
Conferences and Meetings-$5,338-$5,338
Insurance$2,807--$2,807
Interest$1,986--$1,986
Other Expenses$373--$373
Advertising$305--$305
Total Functional Expenses$705,684$54,834$0$760,518

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$760,518
Total Expenses per Audited Statements$760,518
Total Expenses per Form 990$760,518
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
Res Rec in Excess$67,558
Tenant Security Deposits$21,310
Deferred Interest$6,521
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 peter desjardins asst. Sec./a 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 kimberly b. King asst. Sec./a dir and/or officer of voa david nisivoccia 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 michigan, 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
Redford Township Voa Elderly Housin
EIN
58-1805632
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Dejernette Beaty
Title
Asst. Treas/sec
Phone
7033415000
Signed
2025-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dejernette Beaty
Formed
1987
Legal Domicile
Mi
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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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