Civic Intelligence

Hialeah Voa Elderly Housing Inc Hialeah Residence

990 • Fiscal year 2017 • EIN 59-2473889

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 26, 2017

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

95th percentile

1.19x

Higher debt load relative to assets than 95% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

5.07x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

51st percentile

3.1%

Higher net margin than 51% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

95th percentile

$538,642

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 41.2% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

16th percentile

-4.7%

Faster asset growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

43rd percentile

2.5%

Faster revenue growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$5,585,003

Down $273,582 (-4.7%) from 2016

Net Assets

Up

-$1,044,294

Up $40,995 (+3.8%) from 2016

Liabilities

Down

$6,629,297

Down $314,577 (-4.5%) from 2016

Revenue

Up

$1,307,184

Up $31,974 (+2.5%) from 2016

Expenses

Down

$1,266,189

Down $43,068 (-3.3%) from 2016

Net Income

Up

$40,995

Up $75,042 (+220%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $6,781,064Liabilities 2011: $7,672,022Net Assets 2011: -$890,9582011Assets 2012: $6,800,334Liabilities 2012: $7,642,004Net Assets 2012: -$841,6702012Assets 2013: $6,163,872Liabilities 2013: $7,243,945Net Assets 2013: -$1,080,0732013Assets 2014: $6,078,036Liabilities 2014: $7,126,026Net Assets 2014: -$1,047,9902014Assets 2015: $5,934,518Liabilities 2015: $6,985,760Net Assets 2015: -$1,051,2422015Assets 2016: $5,858,585Liabilities 2016: $6,943,874Net Assets 2016: -$1,085,2892016Assets 2017: $5,585,003Liabilities 2017: $6,629,297Net Assets 2017: -$1,044,2942017Assets 2018: $5,411,202Liabilities 2018: $6,582,036Net Assets 2018: -$1,170,8342018Assets 2019: $5,286,892Liabilities 2019: $6,439,101Net Assets 2019: -$1,152,2092019Assets 2020: $5,187,747Liabilities 2020: $6,318,669Net Assets 2020: -$1,130,9222020Assets 2021: $4,897,153Liabilities 2021: $593,947Net Assets 2021: $4,303,2062021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2017

Assets$5,585,003
Liabilities$6,629,297
Net Assets-$1,044,294

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $1,129,4272011Expenses 2012: $1,158,9202012Expenses 2013: $1,458,2232013Revenue 2014: $1,236,821Expenses 2014: $1,204,738Net Income 2014: $32,0832014Revenue 2015: $1,255,751Expenses 2015: $1,259,003Net Income 2015: -$3,2522015Revenue 2016: $1,275,210Expenses 2016: $1,309,257Net Income 2016: -$34,0472016Revenue 2017: $1,307,184Expenses 2017: $1,266,189Net Income 2017: $40,9952017Revenue 2018: $1,322,627Expenses 2018: $1,449,167Net Income 2018: -$126,5402018Revenue 2019: $1,334,206Expenses 2019: $1,315,581Net Income 2019: $18,6252019Revenue 2020: $1,364,058Expenses 2020: $1,342,771Net Income 2020: $21,2872020Revenue 2021: $14,504,958Expenses 2021: $1,550,823Net Income 2021: $12,954,1352021Revenue 2022: $0Expenses 2022: $106,533Net Income 2022: -$106,5332022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024Revenue 2025: $0Expenses 2025: $0Net Income 2025: $02025

Highlighted filing

2017

Revenue$1,307,184
Expenses$1,266,189
Net Income$40,995
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 26, 2017
Return Version
2016v3.0
Gross Receipts
$1,307,184
Mission and Program Overview

Mission

Provides housing to elderly & disabled persons and families under section 202 of the national housing act under agreement with the department of hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,770,976$4,603,165▼ $167,811
Intangible Assets$163,236--
Prepaid Expenses and Deferred Charges$82,761$82,131▼ $630
Cash and Non-Interest-Bearing Accounts$58,490$44,729▼ $13,761
Total Assets$5,858,585$5,585,003▼ $273,582
Other Assets Total$783,122$854,978▲ $71,856
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,782,205$6,523,882▼ $258,323
Accounts Payable and Accrued Expenses$132,299$76,076▼ $56,223
Other Liabilities$29,370$29,338▼ $32
Deferred Revenue-$1-
Total Liabilities$6,943,874$6,629,297▼ $314,577
Net Assets / Fund Balance
Unrestricted Net Assets$-1,085,289$-1,044,294▲ $40,995
Total Net Assets Fund Balance$-1,085,289$-1,044,294▲ $40,995
Total Liabilities and Net Assets / Fund Balance$5,858,585$5,585,003▼ $273,582

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,674,080$4,989,219$8,663,299
Land$733,820-$733,820
Other Land Buildings$156,727$348,628$505,355
Equipment$38,538$107,317$145,855
Other Assets Org$4,250--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Thomas D TurnbullAsst. Sec/tr$430,765$430,765
Joseph a BudzynskiAsst. Sec/tr$295,181$295,181
Nancy GavinAsst. Sec/tr$212,905$212,905
Deborah PerryAsst. Sec/tr$187,200$187,200

Board Members and Trustees

NameTitle
Jane BurksBoard Chair
Michael W KingPresident
C David KikumotoVice Chairma
Andy EdeburnDirector
James LeblancDirector
Karen DaleDirector
Keith KnappDirector
Michael SullivanDirector
Nancy RaseDirector
Patti ArnoldDirector
Stephen WakefieldDirector
Wilfred N Cooper SrDirector
Patrick SheridanAsst. Sec.
Robin KellerAsst. Sec.
Deborah PerryAsst. Sec/treas
Nancy GavinAsst. Sec/treas
Thomas D TurnbullAsst. Sec/treas
Joseph a BudzynskiAsst. Sec/treas, CFO
Robert D GibsonKey Employee
Wayne C OlsonKey Employee
Edwina CarringtonSecretary
Carol MooreTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Volunteers Of America Of Florida INCMgmt, P/r, Acct1205 EAST 8TH AVENUE, Tampa, FL 33605$359,600
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,306,789
Investment Income
$395
Other Revenue
$0
Change in Net Assets
$40,995

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,307,184
Total Revenue per Audited Statements
$1,307,184
Total Revenue per Form 990
$1,307,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,082,761
Salaries, Compensation, and Employee Benefits$183,428
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$457,846--$457,846
Depreciation Depletion$296,432--$296,432
Other Salaries and Wages$145,508--$145,508
Fees for Services Management-$79,172-$79,172
Other Employee Benefits$26,067--$26,067
Office Expenses$23,266--$23,266
Fees for Services Accounting-$22,784-$22,784
Interest$12,672--$12,672
Payroll Taxes$11,853--$11,853
Conferences and Meetings$3,740--$3,740
Advertising$2,242--$2,242
Insurance$1,986--$1,986
Other Expenses$662--$662
Total Functional Expenses$1,164,233$101,956$0$1,266,189

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,266,189
Total Expenses per Audited Statements$1,266,189
Total Expenses per Form 990$1,266,189
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$29,338
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 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 sharon wilson geno director 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
Hialeah Voa Elderly Housing Inc
EIN
59-2473889
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst. Sec/treas, CFO
Phone
7033415000
Signed
2017-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
1982
Legal Domicile
Fl
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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt20KEY EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21KEY EMPLOYEE
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IRS990/MembersOrStockholdersInd0false
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IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3MISC TAXES
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IRS990/OtherExpensesGrp/ProgramServicesAmt181309
IRS990/OtherExpensesGrp/ProgramServicesAmt216586
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt04989219
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IRS990ScheduleD/EquipmentGrp/BookValueAmt038538
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0107317
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0145855
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0733820
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0850728
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14250
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1UTILITY DEPOSITS

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.$0.00$0.00$0.00$0.00$0.00$0.00
2024Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.00$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.11$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.90$0.59$4.30$14.5$1.55$13.0
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.19$6.32$1.13$1.36$1.34$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.29$6.44$1.15$1.33$1.32$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.41$6.58$1.17$1.32$1.45$0.13
2017Detailed filing. Detailed filing data is available for this year.$5.59$6.63$1.04$1.31$1.27$0.04
2016Detailed filing. Detailed filing data is available for this year.$5.86$6.94$1.09$1.28$1.31$0.03
2015Summary only. Only limited summary data is available for this year.$5.93$6.99$1.05$1.26$1.26$0.00
2014Summary only. Only limited summary data is available for this year.$6.08$7.13$1.05$1.24$1.20$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.16$7.24$1.08$1.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.80$7.64$0.84$1.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.78$7.67$0.89$1.13
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $5M-$10M nonprofits