Civic Intelligence

Burleson Voa Elderly Housing Inc Thomas Square Apartments

990 • Fiscal year 2014 • EIN 58-1876011

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

40th percentile

0.05x

Higher debt load relative to assets than 40% of similar nonprofits.

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

Liabilities / Revenue

62nd percentile

0.20x

Higher debt load relative to revenue than 62% of similar nonprofits.

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

Net Margin

33rd percentile

-2.3%

Higher net margin than 33% 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 166.8% of source-year revenue.

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

Asset Growth

50th percentile

1.9%

Faster asset growth than 50% 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

Up

$1,149,395

Up $21,775 (+1.9%) from 2013

Net Assets

Down

$1,090,358

Down $6,871 (-0.6%) from 2013

Liabilities

Up

$59,037

Up $28,646 (+94%) from 2013

Revenue

$292,485

No earlier filing loaded for comparison.

Expenses

Up

$299,356

Up $36,754 (+14%) from 2013

Net Income

-$6,871

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.

$1.5M$1.0M$500K$0-$500KAssets 2011: $1,205,207Liabilities 2011: $22,829Net Assets 2011: $1,182,3782011Assets 2012: $1,143,952Liabilities 2012: $20,502Net Assets 2012: $1,123,4502012Assets 2013: $1,127,620Liabilities 2013: $30,391Net Assets 2013: $1,097,2292013Assets 2014: $1,149,395Liabilities 2014: $59,037Net Assets 2014: $1,090,3582014Assets 2015: $1,077,829Liabilities 2015: $24,654Net Assets 2015: $1,053,1752015Assets 2016: $1,056,148Liabilities 2016: $30,086Net Assets 2016: $1,026,0622016Assets 2017: $1,042,541Liabilities 2017: $37,737Net Assets 2017: $1,004,8042017Assets 2018: $1,083,917Liabilities 2018: $50,629Net Assets 2018: $1,033,2882018Assets 2019: $1,091,008Liabilities 2019: $42,119Net Assets 2019: $1,048,8892019Assets 2020: $1,083,569Liabilities 2020: $40,112Net Assets 2020: $1,043,4572020Assets 2021: $1,094,726Liabilities 2021: $81,863Net Assets 2021: $1,012,8632021Assets 2022: $1,086,503Liabilities 2022: $83,362Net Assets 2022: $1,003,1412022Assets 2023: $1,089,022Liabilities 2023: $49,691Net Assets 2023: $1,039,3312023Assets 2024: $348,982Liabilities 2024: $375,356Net Assets 2024: -$26,3742024Assets 2025: $391,903Liabilities 2025: $370,289Net Assets 2025: $21,6142025

Highlighted filing

2014

Assets$1,149,395
Liabilities$59,037
Net Assets$1,090,358

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $270,6702011Expenses 2012: $272,2882012Expenses 2013: $262,6022013Revenue 2014: $292,485Expenses 2014: $299,356Net Income 2014: -$6,8712014Revenue 2015: $251,168Expenses 2015: $288,351Net Income 2015: -$37,1832015Revenue 2016: $257,406Expenses 2016: $284,519Net Income 2016: -$27,1132016Revenue 2017: $274,212Expenses 2017: $295,470Net Income 2017: -$21,2582017Revenue 2018: $339,740Expenses 2018: $311,256Net Income 2018: $28,4842018Revenue 2019: $341,897Expenses 2019: $326,296Net Income 2019: $15,6012019Revenue 2020: $340,299Expenses 2020: $345,731Net Income 2020: -$5,4322020Revenue 2021: $331,690Expenses 2021: $362,284Net Income 2021: -$30,5942021Revenue 2022: $339,826Expenses 2022: $349,548Net Income 2022: -$9,7222022Revenue 2023: $413,913Expenses 2023: $377,723Net Income 2023: $36,1902023Revenue 2024: $645,545Expenses 2024: $49,705Net Income 2024: $595,8402024Revenue 2025: $47,988Expenses 2025: $0Net Income 2025: $47,9882025

Highlighted filing

2014

Revenue$292,485
Expenses$299,356
Net Income-$6,871
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 10, 2014
Return Version
2013v3.1
Gross Receipts
$292,485
Mission and Program Overview

Mission

Provides housing to elderly 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$968,821$923,637▼ $45,184
Cash and Non-Interest-Bearing Accounts$17,758$55,389▲ $37,631
Prepaid Expenses and Deferred Charges$8,783$8,651▼ $132
Accounts Receivable$348$255▼ $93
Total Assets$1,127,620$1,149,395▲ $21,775
Other Assets Total$131,910$161,463▲ $29,553
Liabilities
Accounts Payable and Accrued Expenses$18,224$47,751▲ $29,527
Other Liabilities$12,092$11,219▼ $873
Deferred Revenue$75$67▼ $8
Total Liabilities$30,391$59,037▲ $28,646
Net Assets / Fund Balance
Unrestricted Net Assets$1,097,229$1,090,358▼ $6,871
Total Net Assets Fund Balance$1,097,229$1,090,358▼ $6,871
Total Liabilities and Net Assets / Fund Balance$1,127,620$1,149,395▲ $21,775

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$728,730$770,464$1,499,194
Other Land Buildings$53,226$131,069$184,295
Land$139,369-$139,369
Equipment$2,312$46,464$48,776
Other Assets Org$161,463--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Thomas D TurnbullAsst. Sec/as$340,573$340,573
David T BowmanAsst. Sec/as$281,374$281,374
Joseph a BudzynskiAsst. Sec/tr$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
Michael W KingPresident
C David KikumotoBoard Vice C
Shawn M BloomBoard Vice C
Ann SchnareDirector
Carlos MaeseDirector
John MorlandDirector
Karen DaleDirector
Michael SpilaneDirector
Michael SullivanDirector
Stephen WakefieldDirector
Wilfred N Cooper SrDirector
Patrick SheridanAsst. Sec.
Robin KellerAsst. Sec.
David T BowmanAsst. Sec/asst Treas
Deborah PerryAsst. Sec/asst Treas
Nancy GavinAsst. Sec/asst Treas
Thomas D TurnbullAsst. Sec/asst Treas
Joseph a BudzynskiAsst. Sec/treas, CFO
Robert D GibsonKey Employee
Wayne C OlsonKey Employee
Carol MooreSecretary
Nancy J FeldmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Volunteers Of America Texas INCMgmt, P/r, Acct-$109,995
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$290,640
Investment Income
$1,845
Other Revenue
$0
Change in Net Assets
$-6,871

Audited Revenue Reconciliation

Revenue per Audited Statements
$292,485
Total Revenue per Audited Statements
$292,485
Total Revenue per Form 990
$292,485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$215,400
Salaries, Compensation, and Employee Benefits$83,956
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$72,502--$72,502
Depreciation Depletion$68,888--$68,888
Occupancy$43,363--$43,363
Fees for Services Management-$17,349-$17,349
Office Expenses$9,745--$9,745
Fees for Services Accounting-$8,415-$8,415
Other Employee Benefits$5,965--$5,965
Payroll Taxes$5,489--$5,489
Advertising$3,048--$3,048
Insurance$1,687--$1,687
Conferences and Meetings$1,516--$1,516
Other Expenses$103--$103
Total Functional Expenses$273,592$25,764$0$299,356

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$299,356
Total Expenses per Audited Statements$299,356
Total Expenses per Form 990$299,356
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$9,849
Miscellaneous Long-term Liabilities$1,027
Miscellaneous Current Liabilities$343
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 volunteers of america texas, 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
58-1876011
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
1990
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
11
Employees
0

Preparer

Preparer
William B Beale
Phone
2259263360
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IRS990/Form990PartVIISectionAGrp/PersonNm18ROBIN KELLER
IRS990/Form990PartVIISectionAGrp/PersonNm19DEBORAH PERRY
IRS990/Form990PartVIISectionAGrp/PersonNm20WAYNE C OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm21ROBERT D GIBSON
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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 VICE C
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASST. SEC/AS
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST. SEC/AS
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASST. SEC/AS
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASST. SEC/AS
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IRS990/Form990PartVIISectionAGrp/TitleTxt21KEY EMPLOYEE
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IRS990/FSAuditedInd0true
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IRS990/IncludeFIN48FootnoteInd0false
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IRS990/LandBldgEquipCostOrOtherBssAmt01871634
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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IRS990/Organization501c3Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0203034
IRS990ScheduleA/Total509Grp/TotalAmt01169604

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.$0.39$0.37$0.02$0.05$0.00$0.05
2024Summary only. Only limited summary data is available for this year.$0.35$0.38$0.03$0.65$0.05$0.60
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.05$1.04$0.41$0.38$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.08$1.00$0.34$0.35$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.08$1.01$0.33$0.36$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.04$1.04$0.34$0.35$0.01
2019Summary only. Only limited summary data is available for this year.$1.09$0.04$1.05$0.34$0.33$0.02
2018Summary only. Only limited summary data is available for this year.$1.08$0.05$1.03$0.34$0.31$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.04$1.00$0.27$0.30$0.02
2016Summary only. Only limited summary data is available for this year.$1.06$0.03$1.03$0.26$0.28$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.08$0.02$1.05$0.25$0.29$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.15$0.06$1.09$0.29$0.30$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.03$1.10$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.02$1.12$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.02$1.18$0.27
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits