Civic Intelligence

Gainesville Voa Elderly Housing Inc

990 • Fiscal year 2020 • EIN 59-2473875

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 15, 2020

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

94th percentile

1.14x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

3.66x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

45th percentile

2.9%

Higher net margin than 45% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

99th percentile

$661,452

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 65.3% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

14th percentile

-5.2%

Faster asset growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

44th percentile

-1.8%

Faster revenue growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$3,256,470

Down $179,482 (-5.2%) from 2019

Net Assets

Up

-$448,014

Up $29,833 (+6.2%) from 2019

Liabilities

Down

$3,704,484

Down $209,315 (-5.3%) from 2019

Revenue

Down

$1,013,308

Down $18,079 (-1.8%) from 2019

Expenses

Down

$983,475

Down $3,111 (-0.3%) from 2019

Net Income

Down

$29,833

Down $14,968 (-33%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $4,209,786Liabilities 2011: $4,821,426Net Assets 2011: -$611,6402011Assets 2012: $3,846,043Liabilities 2012: $4,398,562Net Assets 2012: -$552,5192012Assets 2013: $3,850,951Liabilities 2013: $4,537,041Net Assets 2013: -$686,0902013Assets 2014: $3,620,213Liabilities 2014: $4,227,905Net Assets 2014: -$607,6922014Assets 2015: $3,675,662Liabilities 2015: $4,223,612Net Assets 2015: -$547,9502015Assets 2016: $3,636,176Liabilities 2016: $4,183,653Net Assets 2016: -$547,4772016Assets 2017: $3,392,724Liabilities 2017: $3,959,295Net Assets 2017: -$566,5712017Assets 2018: $3,406,042Liabilities 2018: $3,928,690Net Assets 2018: -$522,6482018Assets 2019: $3,435,952Liabilities 2019: $3,913,799Net Assets 2019: -$477,8472019Assets 2020: $3,256,470Liabilities 2020: $3,704,484Net Assets 2020: -$448,0142020Assets 2021: $3,207,710Liabilities 2021: $3,639,363Net Assets 2021: -$431,6532021Assets 2022: $70,552Liabilities 2022: $33,559Net Assets 2022: $36,9932022Assets 2023: $38,829Liabilities 2023: $1,758Net Assets 2023: $37,0712023Assets 2024: $38,829Liabilities 2024: $1,758Net Assets 2024: $37,0712024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2020

Assets$3,256,470
Liabilities$3,704,484
Net Assets-$448,014

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $830,5772011Expenses 2012: $844,0672012Expenses 2013: $1,066,4792013Revenue 2014: $935,569Expenses 2014: $857,171Net Income 2014: $78,3982014Revenue 2015: $960,226Expenses 2015: $900,484Net Income 2015: $59,7422015Revenue 2016: $969,463Expenses 2016: $968,990Net Income 2016: $4732016Revenue 2017: $990,266Expenses 2017: $1,009,360Net Income 2017: -$19,0942017Revenue 2018: $1,008,938Expenses 2018: $965,015Net Income 2018: $43,9232018Revenue 2019: $1,031,387Expenses 2019: $986,586Net Income 2019: $44,8012019Revenue 2020: $1,013,308Expenses 2020: $983,475Net Income 2020: $29,8332020Revenue 2021: $1,048,954Expenses 2021: $1,032,593Net Income 2021: $16,3612021Revenue 2022: $6,380,807Expenses 2022: $802,204Net Income 2022: $5,578,6032022Revenue 2023: $78Expenses 2023: $0Net Income 2023: $782023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024Revenue 2025: $0Expenses 2025: $0Net Income 2025: $02025

Highlighted filing

2020

Revenue$1,013,308
Expenses$983,475
Net Income$29,833
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 15, 2020
Return Version
2019v5.0
Gross Receipts
$1,013,308
Mission and Program Overview

Mission

Provides housing for elderly persons and families under section 207/223(f) of the national housing act under an agreement with the u.s. Department of hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,403,056$2,288,586▼ $114,470
Cash and Non-Interest-Bearing Accounts$256,662$123,944▼ $132,718
Prepaid Expenses and Deferred Charges$60,734$92,895▲ $32,161
Accounts Receivable$2,112$3,411▲ $1,299
Total Assets$3,435,952$3,256,470▼ $179,482
Other Assets Total$713,388$747,634▲ $34,246
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,676,014$3,599,136▼ $76,878
Accounts Payable and Accrued Expenses$149,087$56,717▼ $92,370
Other Liabilities$88,461$48,161▼ $40,300
Deferred Revenue$237$470▲ $233
Total Liabilities$3,913,799$3,704,484▼ $209,315
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-477,847$-448,014▲ $29,833
Total Net Assets Fund Balance$-477,847$-448,014▲ $29,833
Total Liabilities and Net Assets / Fund Balance$3,435,952$3,256,470▼ $179,482

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,903,984$3,891,641$5,795,625
Other Land Buildings$141,667$270,815$412,482
Land$221,661-$221,661
Equipment$21,274$49,600$70,874
Other Assets Org$100--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sharon Wilson GenoAsst Sec/tre$431,100$431,100
Joseph a BudzynskiAsst Sec/tre$346,931$346,931
Robert GibsonAsst. Sec/tr$335,286$335,286
Kimberly B KingAsst. Sec/tr$245,982$245,982
Nancy a GavinAsst. Sec/tr$167,459$167,459
Faith NutzAsst. Sec/tr$134,549$134,549

Board Members and Trustees

NameTitle
Jane BurksBoard Chair
Michael W KingPresident
David C KikumotoVice Chairma
Andy EdeburnDirector
Derrick PerkinsDirector
James LeblancDirector
Jeanne PetersenDirector
Karen DaleDirector
Keith KnappDirector
Nancy RaseDirector
Shawn BloomDirector
Stephen WakefieldDirector
Thomas DolanDirector
Joseph a BudzynskiAsst Sec/treas & CFO
Sharon Wilson GenoAsst Sec/treas & COO
Cynthia R KellerAsst. Sec.
Patrick N SheridanAsst. Sec.
Kimberly B KingAsst. Sec/treas
Nancy a GavinAsst. Sec/treas
Robert GibsonAsst. Sec/treas
Edwina CarringtonSecretary
Patti ArnoldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,011,430
Investment Income
$1,409
Other Revenue
$469
Change in Net Assets
$29,833

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,013,308
Total Revenue per Audited Statements
$1,013,308
Total Revenue per Form 990
$1,013,308
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$833,440
Salaries, Compensation, and Employee Benefits$150,035
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$295,008--$295,008
Depreciation Depletion$218,522--$218,522
Other Salaries and Wages$121,431--$121,431
Fees for Services Management-$65,495-$65,495
Office Expenses$26,356--$26,356
Fees for Services Accounting-$22,875-$22,875
Other Employee Benefits$19,814--$19,814
Payroll Taxes$8,790--$8,790
Advertising$5,829--$5,829
Conferences and Meetings-$2,351-$2,351
Insurance$1,426--$1,426
Fees for Services Other-$1,150-$1,150
Other Expenses$603--$603
Fees for Services Legal-$200-$200
Total Functional Expenses$891,404$92,071$0$983,475

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$983,475
Total Expenses per Audited Statements$983,475
Total Expenses per Form 990$983,475
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$31,629
Residual Receipts in Excess$16,532
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 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 faith nutz asst. Sec./a dir and/or officer of voa robin keller assistant se dir and/or officer of voa sharon wilson geno asst. Sec/a dir and/or officer of voa kimberly b. King asst. Sec/tr 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 volunteers of america florida 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
Gainesville Voa Elderly Housing Inc
EIN
59-2473875
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst Sec/treas & CFO
Phone
7033415000
Signed
2020-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
1982
Legal Domicile
Fl
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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1ASST SEC/TRE
IRS990/Form990PartVIISectionAGrp/TitleTxt2ASST SEC/TRE
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt7ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt8ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2024Summary only. Only limited summary data is available for this year.$0.04$0.00$0.04$0.00$0.00$0.00
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.00$0.04$0.00$0.00$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.07$0.03$0.04$6.38$0.80$5.58
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$3.64$0.43$1.05$1.03$0.02
2020Detailed filing. Detailed filing data is available for this year.$3.26$3.70$0.45$1.01$0.98$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.44$3.91$0.48$1.03$0.99$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$3.93$0.52$1.01$0.97$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.39$3.96$0.57$0.99$1.01$0.02
2016Summary only. Only limited summary data is available for this year.$3.64$4.18$0.55$0.97$0.97$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.68$4.22$0.55$0.96$0.90$0.06
2014Detailed filing. Detailed filing data is available for this year.$3.62$4.23$0.61$0.94$0.86$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.85$4.54$0.69$1.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.85$4.40$0.55$0.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.21$4.82$0.61$0.83
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $1M-$5M nonprofits