Civic Intelligence

Orlando Voa Elderly Housing Inc Silver Lakes Village Apartments

990 • Fiscal year 2017 • EIN 59-3640245

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 29, 2017

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

29th percentile

0.04x

Higher debt load relative to assets than 29% of similar nonprofits.

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

Liabilities / Revenue

67th percentile

0.39x

Higher debt load relative to revenue than 67% of similar nonprofits.

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

Net Margin

8th percentile

-32%

Higher net margin than 8% 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 80.4% of source-year revenue.

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

Asset Growth

18th percentile

-4.0%

Faster asset growth than 18% of similar nonprofits.

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

Revenue Growth

39th percentile

1.3%

Faster revenue growth than 39% of similar nonprofits.

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

Assets

Down

$6,425,077

Down $268,386 (-4.0%) from 2016

Net Assets

Down

$6,165,219

Down $217,578 (-3.4%) from 2016

Liabilities

Down

$259,858

Down $50,808 (-16%) from 2016

Revenue

Up

$669,626

Up $8,508 (+1.3%) from 2016

Expenses

Down

$887,204

Down $22,913 (-2.5%) from 2016

Net Income

Up

-$217,578

Up $31,421 (+13%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,661,882Liabilities 2011: $369,146Net Assets 2011: $6,292,7362011Assets 2012: $7,677,386Liabilities 2012: $374,257Net Assets 2012: $7,303,1292012Assets 2013: $7,415,522Liabilities 2013: $326,842Net Assets 2013: $7,088,6802013Assets 2014: $7,169,235Liabilities 2014: $327,970Net Assets 2014: $6,841,2652014Assets 2015: $6,979,890Liabilities 2015: $348,094Net Assets 2015: $6,631,7962015Assets 2016: $6,693,463Liabilities 2016: $310,666Net Assets 2016: $6,382,7972016Assets 2017: $6,425,077Liabilities 2017: $259,858Net Assets 2017: $6,165,2192017Assets 2018: $6,163,324Liabilities 2018: $282,313Net Assets 2018: $5,881,0112018Assets 2019: $5,915,347Liabilities 2019: $273,083Net Assets 2019: $5,642,2642019Assets 2020: $5,657,908Liabilities 2020: $298,274Net Assets 2020: $5,359,6342020Assets 2021: $5,590,357Liabilities 2021: $309,632Net Assets 2021: $5,280,7252021Assets 2022: $5,601,432Liabilities 2022: $380,948Net Assets 2022: $5,220,4842022Assets 2023: $6,186,650Liabilities 2023: $774,385Net Assets 2023: $5,412,2652023Assets 2024: $5,458,500Liabilities 2024: $311,197Net Assets 2024: $5,147,3032024Assets 2025: $123,388Liabilities 2025: $0Net Assets 2025: $123,3882025

Highlighted filing

2017

Assets$6,425,077
Liabilities$259,858
Net Assets$6,165,219

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: $756,3082011Expenses 2012: $832,1932012Revenue 2013: $657,831Expenses 2013: $872,280Net Income 2013: -$214,4492013Revenue 2014: $662,772Expenses 2014: $910,187Net Income 2014: -$247,4152014Revenue 2015: $659,207Expenses 2015: $868,676Net Income 2015: -$209,4692015Revenue 2016: $661,118Expenses 2016: $910,117Net Income 2016: -$248,9992016Revenue 2017: $669,626Expenses 2017: $887,204Net Income 2017: -$217,5782017Revenue 2018: $695,386Expenses 2018: $979,594Net Income 2018: -$284,2082018Revenue 2019: $703,891Expenses 2019: $942,638Net Income 2019: -$238,7472019Revenue 2020: $720,663Expenses 2020: $1,003,293Net Income 2020: -$282,6302020Revenue 2021: $944,038Expenses 2021: $1,022,947Net Income 2021: -$78,9092021Revenue 2022: $1,022,262Expenses 2022: $1,082,503Net Income 2022: -$60,2412022Revenue 2023: $1,363,232Expenses 2023: $1,171,451Net Income 2023: $191,7812023Revenue 2024: $997,504Expenses 2024: $1,262,466Net Income 2024: -$264,9622024Revenue 2025: $6,363,474Expenses 2025: $413,282Net Income 2025: $5,950,1922025

Highlighted filing

2017

Revenue$669,626
Expenses$887,204
Net Income-$217,578
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 29, 2017
Return Version
2016v3.0
Gross Receipts
$669,626
Mission and Program Overview

Mission

Provides housing for the 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$6,196,241$5,924,401▼ $271,840
Cash and Non-Interest-Bearing Accounts$17,792$70,727▲ $52,935
Prepaid Expenses and Deferred Charges$49,859$49,632▼ $227
Accounts Receivable$82,883$7,725▼ $75,158
Total Assets$6,693,463$6,425,077▼ $268,386
Other Assets Total$346,688$372,592▲ $25,904
Liabilities
Mortgage Notes Payable Secured by Investment Property$183,317$183,317→ $0
Accounts Payable and Accrued Expenses$99,612$48,678▼ $50,934
Other Liabilities$27,737$27,786▲ $49
Deferred Revenue-$77-
Total Liabilities$310,666$259,858▼ $50,808
Net Assets / Fund Balance
Unrestricted Net Assets$6,382,797$6,165,219▼ $217,578
Total Net Assets Fund Balance$6,382,797$6,165,219▼ $217,578
Total Liabilities and Net Assets / Fund Balance$6,693,463$6,425,077▼ $268,386

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,504,733$2,859,642$8,364,375
Land$350,000-$350,000
Other Land Buildings$60,208$72,443$132,651
Equipment$9,460$2,092$11,552
Other Assets Org$341--
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 IMgmt, Pr, Acct,5102 CINDERLAND PARKWAY, Orlando, FL 32808$387,401
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$667,598
Investment Income
$2,028
Other Revenue
$0
Change in Net Assets
$-217,578

Audited Revenue Reconciliation

Revenue per Audited Statements
$669,626
Total Revenue per Audited Statements
$669,626
Total Revenue per Form 990
$669,626
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$703,913
Salaries, Compensation, and Employee Benefits$183,291
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$280,930--$280,930
Other Salaries and Wages$149,094--$149,094
Occupancy$134,236--$134,236
Fees for Services Management-$97,668-$97,668
Other Employee Benefits$22,326--$22,326
Office Expenses$20,282--$20,282
Fees for Services Accounting-$19,414-$19,414
Payroll Taxes$11,871--$11,871
Insurance$1,978--$1,978
Conferences and Meetings$873--$873
Advertising$447--$447
Other Expenses$427--$427
Total Functional Expenses$770,122$117,082$0$887,204

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$887,204
Total Expenses per Audited Statements$887,204
Total Expenses per Form 990$887,204
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$27,786
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 sharon wilson geno director 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 florida, inc. 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 national services has the right to appoint or approve directors.

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 national services.

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 st. Alexandria, va 22314

Filing and Contact Details

Filer

Filer Name
Orlando Voa Elderly Housing Inc
EIN
59-3640245
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst. Sec/treas, CFO
Phone
7033415000
Signed
2017-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
2000
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/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASST. SEC/TR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. SEC.
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt02092
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt130993
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt228557
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt318000
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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.$0.12$0.00$0.12$6.36$0.41$5.95
2024Detailed filing. Detailed filing data is available for this year.$5.46$0.31$5.15$1.00$1.26$0.26
2023Detailed filing. Detailed filing data is available for this year.$6.19$0.77$5.41$1.36$1.17$0.19
2022Detailed filing. Detailed filing data is available for this year.$5.60$0.38$5.22$1.02$1.08$0.06
2021Detailed filing. Detailed filing data is available for this year.$5.59$0.31$5.28$0.94$1.02$0.08
2020Detailed filing. Detailed filing data is available for this year.$5.66$0.30$5.36$0.72$1.00$0.28
2019Detailed filing. Detailed filing data is available for this year.$5.92$0.27$5.64$0.70$0.94$0.24
2018Detailed filing. Detailed filing data is available for this year.$6.16$0.28$5.88$0.70$0.98$0.28
2017Detailed filing. Detailed filing data is available for this year.$6.43$0.26$6.17$0.67$0.89$0.22
2016Detailed filing. Detailed filing data is available for this year.$6.69$0.31$6.38$0.66$0.91$0.25
2015Detailed filing. Detailed filing data is available for this year.$6.98$0.35$6.63$0.66$0.87$0.21
2014Detailed filing. Detailed filing data is available for this year.$7.17$0.33$6.84$0.66$0.91$0.25
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.42$0.33$7.09$0.66$0.87$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.68$0.37$7.30$0.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.66$0.37$6.29$0.76