Civic Intelligence

Manitowoc Voa Housing Inc Manitowoc Shores

990 • Fiscal year 2015 • EIN 58-1992685

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 08, 2015

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

45th percentile

0.03x

Higher debt load relative to assets than 45% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

65th percentile

0.11x

Higher debt load relative to revenue than 65% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

85th percentile

30%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

99th percentile

$492,384

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 266.6% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

53rd percentile

2.0%

Faster asset growth than 53% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

92nd percentile

86%

Faster revenue growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$744,479

Up $14,685 (+2.0%) from 2014

Net Assets

Up

$723,562

Up $55,703 (+8.3%) from 2014

Liabilities

Down

$20,917

Down $41,018 (-66%) from 2014

Revenue

Up

$184,709

Up $85,391 (+86%) from 2014

Expenses

Up

$129,006

Up $14,361 (+13%) from 2014

Net Income

Up

$55,703

Up $71,030 (+463%) from 2014

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $712,808Liabilities 2011: $15,523Net Assets 2011: $697,2852011Assets 2012: $700,756Liabilities 2012: $13,909Net Assets 2012: $686,8472012Assets 2013: $695,592Liabilities 2013: $12,406Net Assets 2013: $683,1862013Assets 2014: $729,794Liabilities 2014: $61,935Net Assets 2014: $667,8592014Assets 2015: $744,479Liabilities 2015: $20,917Net Assets 2015: $723,5622015Assets 2016: $731,886Liabilities 2016: $39,686Net Assets 2016: $692,2002016Assets 2017: $663,901Liabilities 2017: $32,623Net Assets 2017: $631,2782017Assets 2018: $638,707Liabilities 2018: $37,842Net Assets 2018: $600,8652018Assets 2019: $607,125Liabilities 2019: $51,946Net Assets 2019: $555,1792019Assets 2020: $577,451Liabilities 2020: $18,298Net Assets 2020: $559,1532020Assets 2021: $561,609Liabilities 2021: $71,481Net Assets 2021: $490,1282021Assets 2022: $555,524Liabilities 2022: $113,810Net Assets 2022: $441,7142022Assets 2023: $587,104Liabilities 2023: $163,670Net Assets 2023: $423,4342023Assets 2024: $525,007Liabilities 2024: $129,881Net Assets 2024: $395,1262024Assets 2025: $491,056Liabilities 2025: $143,100Net Assets 2025: $347,9562025

Highlighted filing

2015

Assets$744,479
Liabilities$20,917
Net Assets$723,562

Operations Trend

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

$200K$100K$0-$100KExpenses 2011: $115,9912011Expenses 2012: $111,5612012Expenses 2013: $103,3112013Revenue 2014: $99,318Expenses 2014: $114,645Net Income 2014: -$15,3272014Revenue 2015: $184,709Expenses 2015: $129,006Net Income 2015: $55,7032015Revenue 2016: $109,849Expenses 2016: $141,211Net Income 2016: -$31,3622016Revenue 2017: $99,486Expenses 2017: $160,408Net Income 2017: -$60,9222017Revenue 2018: $102,202Expenses 2018: $132,615Net Income 2018: -$30,4132018Revenue 2019: $91,238Expenses 2019: $136,924Net Income 2019: -$45,6862019Revenue 2020: $86,813Expenses 2020: $139,098Net Income 2020: -$52,2852020Revenue 2021: $82,176Expenses 2021: $151,201Net Income 2021: -$69,0252021Revenue 2022: $98,878Expenses 2022: $147,292Net Income 2022: -$48,4142022Revenue 2023: $104,757Expenses 2023: $123,037Net Income 2023: -$18,2802023Revenue 2024: $115,739Expenses 2024: $144,047Net Income 2024: -$28,3082024Revenue 2025: $115,775Expenses 2025: $162,945Net Income 2025: -$47,1702025

Highlighted filing

2015

Revenue$184,709
Expenses$129,006
Net Income$55,703
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 8, 2015
Return Version
2014v5.0
Gross Receipts
$199,354
Mission and Program Overview

Mission

Provides housing to disabled persons and families under section 811 of the national housing act under an agreement with the department of hud.

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$391,109$514,596▲ $123,487
Prepaid Expenses and Deferred Charges$3,438$3,286▼ $152
Accounts Receivable$1,190$2,465▲ $1,275
Cash and Non-Interest-Bearing Accounts$65,776$2,165▼ $63,611
Total Assets$729,794$744,479▲ $14,685
Other Assets Total$268,281$221,967▼ $46,314
Liabilities
Accounts Payable and Accrued Expenses$57,136$15,206▼ $41,930
Other Liabilities$4,392$4,564▲ $172
Deferred Revenue$407$1,147▲ $740
Total Liabilities$61,935$20,917▼ $41,018
Net Assets / Fund Balance
Unrestricted Net Assets$667,859$723,562▲ $55,703
Total Net Assets Fund Balance$667,859$723,562▲ $55,703
Total Liabilities and Net Assets / Fund Balance$729,794$744,479▲ $14,685

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$460,916$338,595$799,511
Land$39,500-$39,500
Other Land Buildings$13,282$26,096$39,378
Equipment$898$499$1,397
Other Assets Org$2,265--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Michael W KingPresident/di$492,384$492,384
Thomas D TurnbullAsst Sec/tre$368,778$368,778
David T BowmanAsst. Sec/tr$293,414$293,414
Joseph a BudzynskiAsst Sec/tre$254,007$254,007
Juanita CohenAsst. Sec/as$221,211$221,211
Nancy GavinAsst. Sec/tr$220,591$220,591
Deborah PerryAsst Sec/tre$188,945$188,945

Board Members and Trustees

NameTitle
C David KikumotoChair
Michael W KingPresident/direc
Shawn M BloomVice Chair
Ann SchnareDirector
John MorlandDirector
Karen DaleDirector
Michael SullivanDirector
Stephen WakefieldDirector
Wilfred N Cooper SrDirector
Deborah PerryAsst Sec/treas
Joseph a BudzynskiAsst Sec/treas
Thomas D TurnbullAsst Sec/treas
Patrick SheridanAsst. Sec
Robin KellerAsst. Sec
Juanita CohenAsst. Sec/asst Treas
David T BowmanAsst. Sec/treas
Nancy GavinAsst. Sec/treas
Robert D GibsonKey Employee
Wayne C OlsonKey Employee
Carol MooreSecretary
Nancy J FeldmanTreasurer/di
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$101,173
Investment Income
$83,536
Other Revenue
$0
Change in Net Assets
$55,703

Audited Revenue Reconciliation

Revenue per Audited Statements
$184,709
Total Revenue per Audited Statements
$184,709
Total Revenue per Form 990
$184,709
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$102,282
Salaries, Compensation, and Employee Benefits$26,724
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$22,876--$22,876
Other Salaries and Wages$22,715--$22,715
Occupancy$16,114--$16,114
Fees for Services Management-$9,216-$9,216
Office Expenses$8,143--$8,143
Fees for Services Accounting-$6,462-$6,462
Other Employee Benefits$2,289--$2,289
Payroll Taxes$1,720--$1,720
Conferences and Meetings$778--$778
Advertising$625--$625
Insurance$482--$482
Other Expenses$10--$10
Total Functional Expenses$113,328$15,678$0$129,006

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$129,006
Total Expenses per Audited Statements$129,006
Total Expenses per Form 990$129,006
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
Security Deposits$4,564
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 voa minnesota 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
Manitowoc Voa Housing Inc
EIN
58-1992685
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Thomas D Turnbull
Title
Asst. Sec/treas
Phone
7033415000
Signed
2015-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Same as C Above
Formed
1991
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
9
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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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.$4.91$1.43$3.48$1.16$1.63$0.47
2024Summary only. Only limited summary data is available for this year.$5.25$1.30$3.95$1.16$1.44$0.28
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.87$1.64$4.23$1.05$1.23$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.56$1.14$4.42$0.99$1.47$0.48
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.62$0.71$4.90$0.82$1.51$0.69
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.77$0.18$5.59$0.87$1.39$0.52
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$0.52$5.55$0.91$1.37$0.46
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.39$0.38$6.01$1.02$1.33$0.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.64$0.33$6.31$0.99$1.60$0.61
2016Detailed filing. Detailed filing data is available for this year.$7.32$0.40$6.92$1.10$1.41$0.31
2015Detailed filing. Detailed filing data is available for this year.$7.44$0.21$7.24$1.85$1.29$0.56
2014Detailed filing. Detailed filing data is available for this year.$7.30$0.62$6.68$0.99$1.15$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.96$0.12$6.83$1.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.01$0.14$6.87$1.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.13$0.16$6.97$1.16
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $500k-$1M nonprofits