Civic Intelligence

Vicksburg Voa Elderly Housing Inc

990 • Fiscal year 2017 • EIN 58-1876018

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

47th percentile

0.03x

Higher debt load relative to assets than 47% of similar nonprofits.

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

Liabilities / Revenue

67th percentile

0.12x

Higher debt load relative to revenue than 67% of similar nonprofits.

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

Net Margin

15th percentile

-16%

Higher net margin than 15% 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 250.5% of source-year revenue.

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

Asset Growth

27th percentile

-3.6%

Faster asset growth than 27% of similar nonprofits.

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

Revenue Growth

37th percentile

-1.1%

Faster revenue growth than 37% of similar nonprofits.

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

Assets

Down

$905,998

Down $33,777 (-3.6%) from 2016

Net Assets

Down

$881,208

Down $34,197 (-3.7%) from 2016

Liabilities

Up

$24,790

Up $420 (+1.7%) from 2016

Revenue

Down

$214,985

Down $2,288 (-1.1%) from 2016

Expenses

Down

$249,182

Down $42,642 (-15%) from 2016

Net Income

Up

-$34,197

Up $40,354 (+54%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,075,805Liabilities 2011: $18,384Net Assets 2011: $1,057,4212011Assets 2012: $1,057,127Liabilities 2012: $24,056Net Assets 2012: $1,033,0712012Assets 2013: $1,049,214Liabilities 2013: $19,669Net Assets 2013: $1,029,5452013Assets 2014: $1,053,183Liabilities 2014: $21,892Net Assets 2014: $1,031,2912014Assets 2015: $1,013,680Liabilities 2015: $23,724Net Assets 2015: $989,9562015Assets 2016: $939,775Liabilities 2016: $24,370Net Assets 2016: $915,4052016Assets 2017: $905,998Liabilities 2017: $24,790Net Assets 2017: $881,2082017Assets 2018: $902,262Liabilities 2018: $34,647Net Assets 2018: $867,6152018Assets 2019: $894,934Liabilities 2019: $33,735Net Assets 2019: $861,1992019Assets 2020: $912,600Liabilities 2020: $34,041Net Assets 2020: $878,5592020Assets 2021: $931,574Liabilities 2021: $36,523Net Assets 2021: $895,0512021Assets 2022: $977,093Liabilities 2022: $72,722Net Assets 2022: $904,3712022Assets 2023: $971,949Liabilities 2023: $35,787Net Assets 2023: $936,1622023Assets 2024: $1,001,873Liabilities 2024: $20,030Net Assets 2024: $981,8432024Assets 2025: $1,017,349Liabilities 2025: $42,515Net Assets 2025: $974,8342025

Highlighted filing

2017

Assets$905,998
Liabilities$24,790
Net Assets$881,208

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $220,1232011Expenses 2012: $241,2872012Revenue 2013: $219,864Expenses 2013: $223,390Net Income 2013: -$3,5262013Revenue 2014: $221,649Expenses 2014: $219,903Net Income 2014: $1,7462014Revenue 2015: $212,300Expenses 2015: $253,635Net Income 2015: -$41,3352015Revenue 2016: $217,273Expenses 2016: $291,824Net Income 2016: -$74,5512016Revenue 2017: $214,985Expenses 2017: $249,182Net Income 2017: -$34,1972017Revenue 2018: $247,825Expenses 2018: $261,418Net Income 2018: -$13,5932018Revenue 2019: $250,056Expenses 2019: $256,472Net Income 2019: -$6,4162019Revenue 2020: $293,530Expenses 2020: $276,170Net Income 2020: $17,3602020Revenue 2021: $320,103Expenses 2021: $303,611Net Income 2021: $16,4922021Revenue 2022: $314,459Expenses 2022: $305,139Net Income 2022: $9,3202022Revenue 2023: $333,056Expenses 2023: $301,265Net Income 2023: $31,7912023Revenue 2024: $347,592Expenses 2024: $301,911Net Income 2024: $45,6812024Revenue 2025: $349,422Expenses 2025: $356,431Net Income 2025: -$7,0092025

Highlighted filing

2017

Revenue$214,985
Expenses$249,182
Net Income-$34,197
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 28, 2017
Return Version
2016v3.0
Gross Receipts
$214,985
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$808,790$774,643▼ $34,147
Prepaid Expenses and Deferred Charges$7,024$6,914▼ $110
Cash and Non-Interest-Bearing Accounts$98$5,342▲ $5,244
Accounts Receivable$578$1,377▲ $799
Total Assets$939,775$905,998▼ $33,777
Other Assets Total$123,285$117,722▼ $5,563
Liabilities
Accounts Payable and Accrued Expenses$14,231$14,079▼ $152
Other Liabilities$10,111$10,661▲ $550
Deferred Revenue$28$50▲ $22
Total Liabilities$24,370$24,790▲ $420
Net Assets / Fund Balance
Unrestricted Net Assets$915,405$881,208▼ $34,197
Total Net Assets Fund Balance$915,405$881,208▼ $34,197
Total Liabilities and Net Assets / Fund Balance$939,775$905,998▼ $33,777

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$614,655$910,858$1,525,513
Other Land Buildings$37,580$97,234$134,814
Land$106,194-$106,194
Equipment$16,214$39,050$55,264
Other Assets Org$100--
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
$214,909
Investment Income
$76
Other Revenue
$0
Change in Net Assets
$-34,197

Audited Revenue Reconciliation

Revenue per Audited Statements
$214,985
Total Revenue per Audited Statements
$214,985
Total Revenue per Form 990
$214,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$189,029
Salaries, Compensation, and Employee Benefits$60,153
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$53,678--$53,678
Other Salaries and Wages$49,801--$49,801
Occupancy$35,524--$35,524
Fees for Services Management-$20,701-$20,701
Office Expenses$9,035--$9,035
Fees for Services Accounting-$8,376-$8,376
Other Employee Benefits$6,855--$6,855
Payroll Taxes$3,497--$3,497
Advertising$3,233--$3,233
Conferences and Meetings$2,965--$2,965
Insurance$1,491--$1,491
Other Expenses$48--$48
Total Functional Expenses$220,105$29,077$0$249,182

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$249,182
Total Expenses per Audited Statements$249,182
Total Expenses per Form 990$249,182
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$10,661
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 voa southeast, 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
Vicksburg Voa Elderly Housing Inc
EIN
58-1876018
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
1991
Legal Domicile
Ms
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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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.
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASST. SEC/TR
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IRS990/Form990PartVIISectionAGrp/TitleTxt21KEY EMPLOYEE
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IRS990/FormationYr01991
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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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0915405
IRS990/NetAssetsOrFundBalancesEOYAmt0881208
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06855
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IRS990/OtherExpensesGrp/Desc0OPERATING
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc2MISC TAXES
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07024
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IRS990/PrincipalOfficerNm0JOSEPH A BUDZYNSKI
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IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/EquipmentGrp/BookValueAmt016214
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039050
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt055264
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1100
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1UTILITY DEPOSITS
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0214985
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.04$0.97$0.35$0.36$0.01
2024Summary only. Only limited summary data is available for this year.$1.00$0.02$0.98$0.35$0.30$0.05
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.04$0.94$0.33$0.30$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.07$0.90$0.31$0.31$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.04$0.90$0.32$0.30$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.03$0.88$0.29$0.28$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.03$0.86$0.25$0.26$0.01
2018Summary only. Only limited summary data is available for this year.$0.90$0.03$0.87$0.25$0.26$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.91$0.02$0.88$0.21$0.25$0.03
2016Summary only. Only limited summary data is available for this year.$0.94$0.02$0.92$0.22$0.29$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.01$0.02$0.99$0.21$0.25$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.05$0.02$1.03$0.22$0.22$0.00
2013Summary only. Only limited summary data is available for this year.$1.05$0.02$1.03$0.22$0.22$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.02$1.03$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.02$1.06$0.22