Civic Intelligence

Broome County Voa Housing

990 • Fiscal year 2021 • EIN 58-1917708

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 02, 2021

21 New StreetBinghamton, NY 13903

(607) 772-6766

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

2.39x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

8.84x

Higher debt load relative to revenue than 98% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

9th percentile

-27%

Higher net margin than 9% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

100th percentile

$676,817

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 480.3% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

14th percentile

-6.9%

Faster asset growth than 14% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

45th percentile

8.3%

Faster revenue growth than 45% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$521,674

Down $38,829 (-6.9%) from 2020

Net Assets

Down

-$724,341

Down $38,733 (-5.6%) from 2020

Liabilities

Down

$1,246,015

Down $96 (-0.0%) from 2020

Revenue

Up

$140,924

Up $10,844 (+8.3%) from 2020

Expenses

Up

$179,657

Up $1,246 (+0.7%) from 2020

Net Income

Up

-$38,733

Up $9,598 (+20%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2011: $850,825Liabilities 2011: $1,289,516Net Assets 2011: -$438,6912011Assets 2012: $834,815Liabilities 2012: $1,290,314Net Assets 2012: -$455,4992012Assets 2013: $808,860Liabilities 2013: $1,290,890Net Assets 2013: -$482,0302013Assets 2014: $787,533Liabilities 2014: $1,294,225Net Assets 2014: -$506,6922014Assets 2015: $755,567Liabilities 2015: $1,292,964Net Assets 2015: -$537,3972015Assets 2016: $737,494Liabilities 2016: $1,295,958Net Assets 2016: -$558,4642016Assets 2017: $697,713Liabilities 2017: $1,250,229Net Assets 2017: -$552,5162017Assets 2018: $655,134Liabilities 2018: $1,253,642Net Assets 2018: -$598,5082018Assets 2019: $611,618Liabilities 2019: $1,248,895Net Assets 2019: -$637,2772019Assets 2020: $560,503Liabilities 2020: $1,246,111Net Assets 2020: -$685,6082020Assets 2021: $521,674Liabilities 2021: $1,246,015Net Assets 2021: -$724,3412021Assets 2022: $488,025Liabilities 2022: $1,253,925Net Assets 2022: -$765,9002022Assets 2023: $436,884Liabilities 2023: $1,251,715Net Assets 2023: -$814,8312023Assets 2024: $399,697Liabilities 2024: $1,249,4502024Assets 2025: $395,744Liabilities 2025: $1,247,250Net Assets 2025: -$851,5062025

Highlighted filing

2021

Assets$521,674
Liabilities$1,246,015
Net Assets-$724,341

Operations Trend

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

$200K$100K$0-$100KExpenses 2011: $151,5482011Expenses 2012: $147,8612012Expenses 2013: $153,4282013Revenue 2014: $130,270Expenses 2014: $154,932Net Income 2014: -$24,6622014Revenue 2015: $130,349Expenses 2015: $161,051Net Income 2015: -$30,7022015Revenue 2016: $128,812Expenses 2016: $149,881Net Income 2016: -$21,0692016Revenue 2017: $131,360Expenses 2017: $173,112Net Income 2017: -$41,7522017Revenue 2018: $127,013Expenses 2018: $173,005Net Income 2018: -$45,9922018Revenue 2019: $130,830Expenses 2019: $169,599Net Income 2019: -$38,7692019Revenue 2020: $130,080Expenses 2020: $178,411Net Income 2020: -$48,3312020Revenue 2021: $140,924Expenses 2021: $179,657Net Income 2021: -$38,7332021Revenue 2022: $140,902Expenses 2022: $182,461Net Income 2022: -$41,5592022Revenue 2023: $144,675Expenses 2023: $193,606Net Income 2023: -$48,9312023Revenue 2024: $154,421Expenses 2024: $189,343Net Income 2024: -$34,9222024Revenue 2025: $148,226Expenses 2025: $149,979Net Income 2025: -$1,7532025

Highlighted filing

2021

Revenue$140,924
Expenses$179,657
Net Income-$38,733
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 2, 2021
Return Version
2020v4.0
Gross Receipts
$140,924
Mission and Program Overview

Mission

Subsidized housing for handicapped individuals

Subsidized housing from handicapped indivudals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$466,440$411,134▼ $55,306
Savings and Temporary Cash Investments$82,178--
Prepaid Expenses and Deferred Charges$5,084$5,668▲ $584
Cash and Non-Interest-Bearing Accounts$6,801$1,147▼ $5,654
Total Assets$560,503$521,674▼ $38,829
Other Assets Total-$103,725-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,234,000$1,234,000→ $0
Other Liabilities-$6,639-
Accounts Payable and Accrued Expenses$12,111$5,376▼ $6,735
Total Liabilities$1,246,111$1,246,015▼ $96
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-685,608$-724,341▼ $38,733
Total Net Assets Fund Balance$-685,608$-724,341▼ $38,733
Total Liabilities and Net Assets / Fund Balance$560,503$521,674▼ $38,829

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$220,667$1,100,111$1,320,778
Land$175,365-$175,365
Equipment$7,727$85,332$93,059
Leasehold Improvements$6,386$34,367$40,753
Other Land Buildings$989-$989
Other Assets Org$852--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sharon Wilson GenoAsst Sec/tre$459,476$459,476
Joseph BudzynskiAsst Sec/tre$366,802$366,802
Kimberly KingAsst. Sec/tr$272,723$272,723
Nancy GavinAsst. Sec/tr$241,852$241,852
Peter DesjardinsAsst. Sec/tr$226,881$226,881
Faith NutzAsst. Sec/tr$136,926$136,926

Board Members and Trustees

NameTitle
Patti ArnoldChairperson
Michael W KingPresident
Nancy RaseVice Chair
Andy EdeburnDirector
Beth MullenDirector
Derrick PerkinsDirector
Edwina CarringtonDirector
James LeblancDirector
Jeanne PetersenDirector
Karen DaleDirector
Keith KnappDirector
Shawn BloomDirector
Stephen WakefieldDirector
Joseph BudzynskiAsst Sec/treas & CFO
Sharon Wilson GenoAsst Sec/treas & COO
Kimberly KingAsst. Sec/treas
Nancy GavinAsst. Sec/treas
Peter DesjardinsAsst. Sec/treas
Thomas DolanSecretary
Jane BurksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$140,891
Investment Income
$33
Other Revenue
$0
Change in Net Assets
$-38,733

Audited Revenue Reconciliation

Revenue per Audited Statements
$140,924
Total Revenue per Audited Statements
$140,924
Total Revenue per Form 990
$140,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,705
Salaries, Compensation, and Employee Benefits$29,952
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$58,620--$58,620
Occupancy$27,149--$27,149
Other Salaries and Wages$24,519--$24,519
Fees for Services Management-$20,928-$20,928
Fees for Services Accounting-$9,193-$9,193
Office Expenses$8,447--$8,447
Other Employee Benefits$3,302--$3,302
Payroll Taxes$2,131--$2,131
Conferences and Meetings-$949-$949
Insurance$708--$708
Other Expenses$467--$467
Total Functional Expenses$148,587$31,070$0$179,657

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$179,657
Total Expenses per Audited Statements$179,657
Total Expenses per Form 990$179,657
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$6,639
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
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 joseph budzynski asst. Sec/a sharon wilson geno asst. Sec/a kimberly black king asst. Sec/a peter desjardins asst. Sec/a faith nutz asst. Sec/a nancy gavin asst. Sec/a robin keller asst. Sec/a

Form 990, Page 6, Part VI, Line 3

The organization has no employees, and has delegated control over certain property management duties to metro interfaith services 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

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Broome County Voa Housing
EIN
58-1917708
Phone
6077726766
Address
21 NEW STREET, BINGHAMTON, NY 13903

Signing Officer

Name
Joseph Budzynski
Title
Asst Sec/treas & CFO
Phone
6077726766
Signed
2021-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Budzynski
Formed
1992
Legal Domicile
Ny
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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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990ScheduleD/EquipmentGrp/BookValueAmt07727
IRS990ScheduleD/EquipmentGrp/DepreciationAmt085332
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt093059
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IRS990ScheduleD/LandGrp/BookValueAmt0175365
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt084668
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt111566
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26639
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.40$1.25$0.85$0.15$0.15$0.00
2024Summary only. Only limited summary data is available for this year.$0.40$1.25$0.15$0.19$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.44$1.25$0.81$0.14$0.19$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$1.25$0.77$0.14$0.18$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.52$1.25$0.72$0.14$0.18$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$1.25$0.69$0.13$0.18$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$1.25$0.64$0.13$0.17$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$1.25$0.60$0.13$0.17$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$1.25$0.55$0.13$0.17$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$1.30$0.56$0.13$0.15$0.02
2015Summary only. Only limited summary data is available for this year.$0.76$1.29$0.54$0.13$0.16$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.79$1.29$0.51$0.13$0.15$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$1.29$0.48$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$1.29$0.46$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$1.29$0.44$0.15