Civic Intelligence

Madison Voa Elderly Housing Inc

EIN 58-1917701 • 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.

1660 Duke StreetAlexandria, VA 22314
Siviq Scores

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

Liabilities / Assets

97th percentile

1.61x

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

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

Liabilities / Revenue

97th percentile

6.52x

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

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

Net Margin

25th percentile

-7.7%

Higher net margin than 25% 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 184.3% of source-year revenue.

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

Asset Growth

59th percentile

7.0%

Faster asset growth than 59% of similar nonprofits.

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

Revenue Growth

39th percentile

1.2%

Faster revenue growth than 39% of similar nonprofits.

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

Assets

Up

$1,905,718

Up $124,132 (+7.0%) from 2024

Liabilities

Up

$3,073,355

Up $160,410 (+5.5%) from 2024

Net Assets

Down

-$1,167,637

Down $36,278 (-3.2%) from 2024

Revenue

Up

$471,297

Up $5,377 (+1.2%) from 2024

Expenses

Up

$507,575

Up $83,799 (+20%) from 2024

Net Income

Down

-$36,278

Down $78,422 (-186%) from 2024

Trend Graphs

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $1,573,430Liabilities 2011: $2,499,916Net Assets 2011: -$926,4862011Assets 2012: $1,514,791Liabilities 2012: $2,466,670Net Assets 2012: -$951,8792012Assets 2013: $1,498,166Liabilities 2013: $2,471,088Net Assets 2013: -$972,9222013Assets 2014: $1,508,643Liabilities 2014: $2,503,388Net Assets 2014: -$994,7452014Assets 2015: $1,449,509Liabilities 2015: $2,474,028Net Assets 2015: -$1,024,5192015Assets 2016: $1,421,019Liabilities 2016: $2,485,682Net Assets 2016: -$1,064,6632016Assets 2017: $1,342,989Liabilities 2017: $2,493,900Net Assets 2017: -$1,150,9112017Assets 2018: $1,388,944Liabilities 2018: $2,613,764Net Assets 2018: -$1,224,8202018Assets 2019: $1,579,355Liabilities 2019: $2,887,552Net Assets 2019: -$1,308,1972019Assets 2020: $1,542,316Liabilities 2020: $2,875,835Net Assets 2020: -$1,333,5192020Assets 2021: $1,533,493Liabilities 2021: $2,854,006Net Assets 2021: -$1,320,5132021Assets 2022: $1,672,638Liabilities 2022: $2,913,449Net Assets 2022: -$1,240,8112022Assets 2023: $1,696,049Liabilities 2023: $2,869,552Net Assets 2023: -$1,173,5032023Assets 2024: $1,781,586Liabilities 2024: $2,912,945Net Assets 2024: -$1,131,3592024Assets 2025: $1,905,718Liabilities 2025: $3,073,355Net Assets 2025: -$1,167,6372025

Highlighted filing

2025

Assets$1,905,718
Liabilities$3,073,355
Net Assets-$1,167,637

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $287,1002011Expenses 2012: $273,3112012Expenses 2013: $279,4402013Revenue 2014: $252,244Expenses 2014: $274,067Net Income 2014: -$21,8232014Revenue 2015: $267,567Expenses 2015: $297,341Net Income 2015: -$29,7742015Revenue 2016: $276,704Expenses 2016: $316,848Net Income 2016: -$40,1442016Revenue 2017: $258,234Expenses 2017: $344,482Net Income 2017: -$86,2482017Revenue 2018: $267,986Expenses 2018: $341,895Net Income 2018: -$73,9092018Revenue 2019: $286,061Expenses 2019: $369,438Net Income 2019: -$83,3772019Revenue 2020: $377,176Expenses 2020: $402,498Net Income 2020: -$25,3222020Revenue 2021: $401,462Expenses 2021: $388,456Net Income 2021: $13,0062021Revenue 2022: $458,346Expenses 2022: $378,644Net Income 2022: $79,7022022Revenue 2023: $431,103Expenses 2023: $363,795Net Income 2023: $67,3082023Revenue 2024: $465,920Expenses 2024: $423,776Net Income 2024: $42,1442024Revenue 2025: $471,297Expenses 2025: $507,575Net Income 2025: -$36,2782025

Highlighted filing

2025

Revenue$471,297
Expenses$507,575
Net Income-$36,278

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.91$3.07$1.17$0.47$0.51$0.04
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.78$2.91$1.13$0.47$0.42$0.04
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$2.87$1.17$0.43$0.36$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.67$2.91$1.24$0.46$0.38$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.53$2.85$1.32$0.40$0.39$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.54$2.88$1.33$0.38$0.40$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$2.89$1.31$0.29$0.37$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.39$2.61$1.22$0.27$0.34$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.34$2.49$1.15$0.26$0.34$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$2.49$1.06$0.28$0.32$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.45$2.47$1.02$0.27$0.30$0.03
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$2.50$0.99$0.25$0.27$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$2.47$0.97$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$2.47$0.95$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$2.50$0.93$0.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 17, 2025
Return Version
2024v5.0
Gross Receipts
$471,297
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$953,205$901,402▼ $51,803
Cash and Non-Interest-Bearing Accounts$50,468$62,194▲ $11,726
Prepaid Expenses and Deferred Charges$25,365$23,141▼ $2,224
Accounts Receivable$38,893$21,390▼ $17,503
Total Assets$1,781,586$1,905,718▲ $124,132
Other Assets Total$713,655$897,591▲ $183,936
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,815,957$2,815,957→ $0
Accounts Payable and Accrued Expenses$75,351$237,314▲ $161,963
Other Liabilities$17,666$18,071▲ $405
Deferred Revenue$3,971$2,013▼ $1,958
Total Liabilities$2,912,945$3,073,355▲ $160,410
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,131,359$-1,167,637▼ $36,278
Total Net Assets Fund Balance$-1,131,359$-1,167,637▼ $36,278
Total Liabilities and Net Assets / Fund Balance$1,781,586$1,905,718▲ $124,132

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$486,387$1,863,636$2,350,023
Other Land Buildings$150,571$129,986$280,557
Land$253,587-$253,587
Equipment$10,857$29,761$40,618
Leasehold Improvements-$3,790$3,790
Other Assets Org$7,000--
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
$437,410
Investment Income
$33,887
Other Revenue
$0
Change in Net Assets
$-36,278

Audited Revenue Reconciliation

Revenue per Audited Statements
$471,297
Total Revenue per Audited Statements
$471,297
Total Revenue per Form 990
$471,297
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$462,785
Salaries, Compensation, and Employee Benefits$44,790
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$83,305--$83,305
Occupancy$82,609--$82,609
Fees for Services Management-$46,268-$46,268
Other Salaries and Wages$41,358--$41,358
Office Expenses$19,321--$19,321
Fees for Services Accounting-$12,550-$12,550
Conferences and Meetings-$4,168-$4,168
Payroll Taxes$3,432--$3,432
Advertising$1,543--$1,543
Insurance$1,385--$1,385
Other Expenses$63--$63
Total Functional Expenses$444,589$62,986$0$507,575

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$507,575
Total Expenses per Audited Statements$507,575
Total Expenses per Form 990$507,575
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$18,071
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 southeast 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
Madison Voa Elderly Housing Inc
EIN
58-1917701
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Dejernette Beaty
Title
Asst. Treas/sec
Phone
7033415000
Signed
2025-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dejernette Beaty
Formed
1991
Legal Domicile
Al
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
Raw XML AppendixShowing 400 of 2,685 raw XML fields

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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