Civic Intelligence

Rocklin Voa Elderly Housing Inc Quarry Oaks

990 • Fiscal year 2016 • EIN 58-2010055

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 12, 2016

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

35th percentile

0.03x

Higher debt load relative to assets than 35% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

64th percentile

0.22x

Higher debt load relative to revenue than 64% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

13th percentile

-25%

Higher net margin than 13% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

98th percentile

$508,612

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 176.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

26th percentile

-3.8%

Faster asset growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

50th percentile

2.6%

Faster revenue growth than 50% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,951,576

Down $77,192 (-3.8%) from 2015

Net Assets

Down

$1,888,308

Down $72,548 (-3.7%) from 2015

Liabilities

Down

$63,268

Down $4,644 (-6.8%) from 2015

Revenue

Up

$288,382

Up $7,249 (+2.6%) from 2015

Expenses

Down

$360,930

Down $7,235 (-2.0%) from 2015

Net Income

Up

-$72,548

Up $14,484 (+17%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,249,737Liabilities 2011: $31,536Net Assets 2011: $2,218,2012011Assets 2012: $2,255,219Liabilities 2012: $71,027Net Assets 2012: $2,184,1922012Assets 2013: $2,161,049Liabilities 2013: $32,971Net Assets 2013: $2,128,0782013Assets 2014: $2,098,043Liabilities 2014: $50,155Net Assets 2014: $2,047,8882014Assets 2015: $2,028,768Liabilities 2015: $67,912Net Assets 2015: $1,960,8562015Assets 2016: $1,951,576Liabilities 2016: $63,268Net Assets 2016: $1,888,3082016Assets 2017: $1,904,224Liabilities 2017: $42,284Net Assets 2017: $1,861,9402017Assets 2018: $1,857,254Liabilities 2018: $58,748Net Assets 2018: $1,798,5062018Assets 2019: $1,864,045Liabilities 2019: $70,949Net Assets 2019: $1,793,0962019Assets 2020: $1,871,030Liabilities 2020: $101,601Net Assets 2020: $1,769,4292020Assets 2021: $1,911,644Liabilities 2021: $166,140Net Assets 2021: $1,745,5042021Assets 2022: $1,870,059Liabilities 2022: $113,614Net Assets 2022: $1,756,4452022Assets 2023: $1,906,781Liabilities 2023: $167,152Net Assets 2023: $1,739,6292023Assets 2024: $1,949,678Liabilities 2024: $248,240Net Assets 2024: $1,701,4382024Assets 2025: $1,965,244Liabilities 2025: $66,565Net Assets 2025: $1,898,6792025

Highlighted filing

2016

Assets$1,951,576
Liabilities$63,268
Net Assets$1,888,308

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $316,8252011Expenses 2012: $311,0832012Expenses 2013: $330,2912013Revenue 2014: $273,560Expenses 2014: $353,750Net Income 2014: -$80,1902014Revenue 2015: $281,133Expenses 2015: $368,165Net Income 2015: -$87,0322015Revenue 2016: $288,382Expenses 2016: $360,930Net Income 2016: -$72,5482016Revenue 2017: $318,332Expenses 2017: $344,700Net Income 2017: -$26,3682017Revenue 2018: $339,098Expenses 2018: $402,532Net Income 2018: -$63,4342018Revenue 2019: $392,910Expenses 2019: $398,320Net Income 2019: -$5,4102019Revenue 2020: $415,315Expenses 2020: $438,982Net Income 2020: -$23,6672020Revenue 2021: $440,301Expenses 2021: $464,226Net Income 2021: -$23,9252021Revenue 2022: $467,413Expenses 2022: $456,472Net Income 2022: $10,9412022Revenue 2023: $475,831Expenses 2023: $492,647Net Income 2023: -$16,8162023Revenue 2024: $488,846Expenses 2024: $527,037Net Income 2024: -$38,1912024Revenue 2025: $498,173Expenses 2025: $524,027Net Income 2025: -$25,8542025

Highlighted filing

2016

Revenue$288,382
Expenses$360,930
Net Income-$72,548
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 12, 2016
Return Version
2015v2.1
Gross Receipts
$288,382
Mission and Program Overview

Mission

Provides housing for 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$1,912,843$1,837,937▼ $74,906
Prepaid Expenses and Deferred Charges$24,743$23,628▼ $1,115
Cash and Non-Interest-Bearing Accounts$18,755$11,137▼ $7,618
Accounts Receivable$630$607▼ $23
Total Assets$2,028,768$1,951,576▼ $77,192
Other Assets Total$71,797$78,267▲ $6,470
Liabilities
Accounts Payable and Accrued Expenses$52,806$47,268▼ $5,538
Other Liabilities$14,769$15,656▲ $887
Deferred Revenue$337$344▲ $7
Total Liabilities$67,912$63,268▼ $4,644
Net Assets / Fund Balance
Unrestricted Net Assets$1,960,856$1,888,308▼ $72,548
Total Net Assets Fund Balance$1,960,856$1,888,308▼ $72,548
Total Liabilities and Net Assets / Fund Balance$2,028,768$1,951,576▼ $77,192

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,392,307$1,443,974$2,836,281
Land$365,000-$365,000
Other Land Buildings$59,661$90,630$150,291
Equipment$20,969$28,752$49,721
Compensation and Service Providers

Employees

NameTitleOtherTotal
Thomas D TurnbullAsst. Sec/tr$379,744$379,744
Joseph a BudzynskiAsst. Sec/tr$280,916$280,916
Juanita CohenAsst. Sec/tr$231,951$231,951
Nancy GavinAsst Sec/tre$201,001$201,001
Deborah PerryAsst. Sec/tr$186,788$186,788

Board Members and Trustees

NameTitle
C David KikumotoBoard Chair
Michael W KingPresident
John MorlandBoard Vice C
Andy EdeburnDirector
Ann SchnareDirector
Edwina CarringtonDirector
James LeblancDirector
Jane BurksDirector
Karen DaleDirector
Michael SullivanDirector
Stephen WakefieldDirector
Wilfred N Cooper SrDirector
Nancy GavinAsst Sec/treas
Patrick SheridanAsst. Sec.
Robin KellerAsst. Sec.
Deborah PerryAsst. Sec/treas
Juanita CohenAsst. Sec/treas
Joseph a BudzynskiAsst. Sec/treas, CFO
Thomas D TurnbullAsst. Sec/treas, COO
Robert D GibsonKey Employee
Wayne C OlsonKey Employee
Carol MooreSecretary
Nancy J FeldmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Voa Northern California & Northern NMgmt, Payroll,1900 POINT WEST WAY SUITE 270, Sacramento, CA 95815$113,607
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$288,299
Investment Income
$83
Other Revenue
$0
Change in Net Assets
$-72,548

Audited Revenue Reconciliation

Revenue per Audited Statements
$288,382
Total Revenue per Audited Statements
$288,382
Total Revenue per Form 990
$288,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$303,090
Salaries, Compensation, and Employee Benefits$57,840
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$91,228--$91,228
Occupancy$72,911--$72,911
Other Salaries and Wages$48,504--$48,504
Fees for Services Management-$25,950-$25,950
Office Expenses$12,970--$12,970
Fees for Services Accounting-$8,512-$8,512
Other Employee Benefits$5,725--$5,725
Insurance$5,132--$5,132
Advertising$5,112--$5,112
Payroll Taxes$3,611--$3,611
Other Expenses$348--$348
Conferences and Meetings$183--$183
Total Functional Expenses$326,468$34,462$0$360,930

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$360,930
Total Expenses per Audited Statements$360,930
Total Expenses per Form 990$360,930
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$15,656
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 jane cohen 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 northern california and nevada 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
Rocklin Voa Elderly Housing Inc
EIN
58-2010055
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst. Sec/treas, CFO
Phone
7033415000
Signed
2016-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
1992
Legal Domicile
CA
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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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.$1.97$0.07$1.90$0.50$0.52$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.95$0.25$1.70$0.49$0.53$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.91$0.17$1.74$0.48$0.49$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.87$0.11$1.76$0.47$0.46$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.91$0.17$1.75$0.44$0.46$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.87$0.10$1.77$0.42$0.44$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.86$0.07$1.79$0.39$0.40$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.86$0.06$1.80$0.34$0.40$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.90$0.04$1.86$0.32$0.34$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.95$0.06$1.89$0.29$0.36$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.03$0.07$1.96$0.28$0.37$0.09
2014Detailed filing. Detailed filing data is available for this year.$2.10$0.05$2.05$0.27$0.35$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.03$2.13$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.07$2.18$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.03$2.22$0.32