Civic Intelligence

Kansas Voa Elderly Housing Inc Saline Apartments

990 • Fiscal year 2017 • EIN 58-1876014

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 28, 2017

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

92nd percentile

0.92x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

3.18x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

36th percentile

-1.0%

Higher net margin than 36% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

99th percentile

$538,642

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 204.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

28th percentile

-3.2%

Faster asset growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

31st percentile

-3.9%

Faster revenue growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$911,568

Down $30,269 (-3.2%) from 2016

Net Assets

Down

$71,838

Down $2,528 (-3.4%) from 2016

Liabilities

Down

$839,730

Down $27,741 (-3.2%) from 2016

Revenue

Down

$264,042

Down $10,700 (-3.9%) from 2016

Expenses

Up

$266,570

Up $6,240 (+2.4%) from 2016

Net Income

Down

-$2,528

Down $16,940 (-118%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $917,702Liabilities 2011: $929,282Net Assets 2011: -$11,5802011Assets 2012: $916,508Liabilities 2012: $913,949Net Assets 2012: $2,5592012Assets 2013: $958,827Liabilities 2013: $929,246Net Assets 2013: $29,5812013Assets 2014: $952,323Liabilities 2014: $890,784Net Assets 2014: $61,5392014Assets 2015: $940,983Liabilities 2015: $881,029Net Assets 2015: $59,9542015Assets 2016: $941,837Liabilities 2016: $867,471Net Assets 2016: $74,3662016Assets 2017: $911,568Liabilities 2017: $839,730Net Assets 2017: $71,8382017Assets 2018: $920,637Liabilities 2018: $808,894Net Assets 2018: $111,7432018Assets 2019: $874,620Liabilities 2019: $747,238Net Assets 2019: $127,3822019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2017

Assets$911,568
Liabilities$839,730
Net Assets$71,838

Operations Trend

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

$400K$200K$0-$200K-$400K-$600KExpenses 2011: $241,8422011Expenses 2012: $253,5072012Expenses 2013: $244,7122013Revenue 2014: $271,654Expenses 2014: $239,696Net Income 2014: $31,9582014Revenue 2015: $254,927Expenses 2015: $256,512Net Income 2015: -$1,5852015Revenue 2016: $274,742Expenses 2016: $260,330Net Income 2016: $14,4122016Revenue 2017: $264,042Expenses 2017: $266,570Net Income 2017: -$2,5282017Revenue 2018: $281,880Expenses 2018: $241,975Net Income 2018: $39,9052018Revenue 2019: $286,135Expenses 2019: $270,496Net Income 2019: $15,6392019Revenue 2020: -$274,118Expenses 2020: $199,622Net Income 2020: -$473,7402020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022

Highlighted filing

2017

Revenue$264,042
Expenses$266,570
Net Income-$2,528
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 28, 2017
Return Version
2016v3.0
Gross Receipts
$264,042
Mission and Program Overview

Mission

Provides housing for the 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$602,180$557,005▼ $45,175
Cash and Non-Interest-Bearing Accounts$10,313$15,080▲ $4,767
Prepaid Expenses and Deferred Charges$5,469$5,441▼ $28
Accounts Receivable-$642-
Total Assets$941,837$911,568▼ $30,269
Other Assets Total$323,875$333,400▲ $9,525
Liabilities
Mortgage Notes Payable Secured by Investment Property$798,644$771,400▼ $27,244
Other Liabilities$51,802$56,709▲ $4,907
Accounts Payable and Accrued Expenses$17,015$11,603▼ $5,412
Deferred Revenue$10$18▲ $8
Total Liabilities$867,471$839,730▼ $27,741
Net Assets / Fund Balance
Unrestricted Net Assets$74,366$71,838▼ $2,528
Total Net Assets Fund Balance$74,366$71,838▼ $2,528
Total Liabilities and Net Assets / Fund Balance$941,837$911,568▼ $30,269

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$387,060$696,127$1,083,187
Land$160,800-$160,800
Other Land Buildings$9,145$72,355$81,500
Equipment-$4,501$4,501
Other Assets Org$350--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Thomas D TurnbullAsst. Sec/tr$430,765$430,765
Joseph a BudzynskiAsst. Sec/tr$295,181$295,181
Nancy GavinAsst. Sec/tr$212,905$212,905
Deborah PerryAsst. Sec/tr$187,200$187,200

Board Members and Trustees

NameTitle
Jane BurksBoard Chair
Michael W KingPresident
C David KikumotoVice Chairma
Andy EdeburnDirector
James LeblancDirector
Karen DaleDirector
Keith KnappDirector
Michael SullivanDirector
Nancy RaseDirector
Patti ArnoldDirector
Stephen WakefieldDirector
Wilfred N Cooper SrDirector
Patrick SheridanAsst. Sec.
Robin KellerAsst. Sec.
Deborah PerryAsst. Sec/treas
Nancy GavinAsst. Sec/treas
Thomas D TurnbullAsst. Sec/treas
Joseph a BudzynskiAsst. Sec/treas, CFO
Robert D GibsonKey Employee
Wayne C OlsonKey Employee
Edwina CarringtonSecretary
Carol MooreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$262,414
Investment Income
$1,628
Other Revenue
$0
Change in Net Assets
$-2,528

Audited Revenue Reconciliation

Revenue per Audited Statements
$264,042
Total Revenue per Audited Statements
$264,042
Total Revenue per Form 990
$264,042
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$215,888
Salaries, Compensation, and Employee Benefits$50,682
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$85,539--$85,539
Depreciation Depletion$46,208--$46,208
Other Salaries and Wages$45,496--$45,496
Fees for Services Management-$18,160-$18,160
Office Expenses$11,921--$11,921
Fees for Services Accounting-$7,887-$7,887
Payroll Taxes$3,066--$3,066
Other Expenses$2,171--$2,171
Other Employee Benefits$2,120--$2,120
Conferences and Meetings$738--$738
Advertising$486--$486
All Other Expenses$178--$178
Insurance$172--$172
Total Functional Expenses$240,523$26,047$0$266,570

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$266,570
Total Expenses per Audited Statements$266,570
Total Expenses per Form 990$266,570
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
Residual Receipts Excess$44,572
Tenant Security Deposits$11,495
Accrued Service Coordinator Expenses$642
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 sharon wilson geno director 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 oklahoma 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
Kansas Voa Elderly Housing Inc
EIN
58-1876014
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst. Sec/treas, CFO
Phone
7033415000
Signed
2017-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
1990
Legal Domicile
Ks
Voting Board Members
14
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/TitleTxt1TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. SEC.
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IRS990/Form990PartVIISectionAGrp/TitleTxt18ASST. SEC.
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IRS990/MembersOrStockholdersInd0false
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0PROVIDES HOUSING FOR THE ELDERLY AND DISABLED PERSONS AND FAMILIES UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD.
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IRS990/OtherExpensesGrp/ProgramServicesAmt23790
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IRS990/PrincipalOfficerNm0JOSEPH A BUDZYNSKI
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0271654
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0696127
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.00$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$2.74$2.00$4.74
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.75$7.47$1.27$2.86$2.70$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.21$8.09$1.12$2.82$2.42$0.40
2017Detailed filing. Detailed filing data is available for this year.$9.12$8.40$0.72$2.64$2.67$0.03
2016Summary only. Only limited summary data is available for this year.$9.42$8.67$0.74$2.75$2.60$0.14
2015Detailed filing. Detailed filing data is available for this year.$9.41$8.81$0.60$2.55$2.57$0.02
2014Detailed filing. Detailed filing data is available for this year.$9.52$8.91$0.62$2.72$2.40$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.59$9.29$0.30$2.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.17$9.14$0.03$2.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.18$9.29$0.12$2.42