Civic Intelligence

Oak Park Plaza Inc Oak Park Plaza

990 • Fiscal year 2015 • EIN 72-0863839

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

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

1.34x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

95th percentile

4.94x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

33rd percentile

-2.4%

Higher net margin than 33% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

98th percentile

$492,384

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 42.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

27th percentile

-3.7%

Faster asset growth than 27% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

38th percentile

-0.7%

Faster revenue growth than 38% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$4,290,179

Down $166,216 (-3.7%) from 2014

Net Assets

Down

-$1,463,305

Down $28,418 (-2.0%) from 2014

Liabilities

Down

$5,753,484

Down $137,798 (-2.3%) from 2014

Revenue

Down

$1,163,836

Down $7,736 (-0.7%) from 2014

Expenses

Up

$1,192,254

Up $9,258 (+0.8%) from 2014

Net Income

Down

-$28,418

Down $16,994 (-149%) from 2014

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: $4,578,970Liabilities 2011: $6,071,329Net Assets 2011: -$1,492,3592011Assets 2012: $4,591,165Liabilities 2012: $5,975,952Net Assets 2012: -$1,384,7872012Assets 2013: $4,483,846Liabilities 2013: $5,907,309Net Assets 2013: -$1,423,4632013Assets 2014: $4,456,395Liabilities 2014: $5,891,282Net Assets 2014: -$1,434,8872014Assets 2015: $4,290,179Liabilities 2015: $5,753,484Net Assets 2015: -$1,463,3052015Assets 2016: $4,136,643Liabilities 2016: $5,673,942Net Assets 2016: -$1,537,2992016Assets 2017: $3,837,672Liabilities 2017: $5,454,764Net Assets 2017: -$1,617,0922017Assets 2018: $3,700,416Liabilities 2018: $5,344,621Net Assets 2018: -$1,644,2052018Assets 2019: $3,592,056Liabilities 2019: $5,240,764Net Assets 2019: -$1,648,7082019Assets 2020: $3,468,093Liabilities 2020: $5,117,209Net Assets 2020: -$1,649,1162020Assets 2021: $3,472,877Liabilities 2021: $5,057,281Net Assets 2021: -$1,584,4042021Assets 2022: $3,357,775Liabilities 2022: $4,969,070Net Assets 2022: -$1,611,2952022Assets 2023: $3,246,061Liabilities 2023: $5,027,779Net Assets 2023: -$1,781,7182023Assets 2024: $3,869,078Liabilities 2024: $5,873,704Net Assets 2024: -$2,004,6262024Assets 2025: $3,881,356Liabilities 2025: $5,386,318Net Assets 2025: -$1,504,9622025

Highlighted filing

2015

Assets$4,290,179
Liabilities$5,753,484
Net Assets-$1,463,305

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,058,1642011Revenue 2012: $1,171,094Expenses 2012: $1,063,522Net Income 2012: $107,5722012Expenses 2013: $1,189,7062013Revenue 2014: $1,171,572Expenses 2014: $1,182,996Net Income 2014: -$11,4242014Revenue 2015: $1,163,836Expenses 2015: $1,192,254Net Income 2015: -$28,4182015Revenue 2016: $1,140,814Expenses 2016: $1,214,808Net Income 2016: -$73,9942016Revenue 2017: $1,191,636Expenses 2017: $1,271,429Net Income 2017: -$79,7932017Revenue 2018: $1,192,408Expenses 2018: $1,219,521Net Income 2018: -$27,1132018Revenue 2019: $1,190,684Expenses 2019: $1,195,187Net Income 2019: -$4,5032019Revenue 2020: $1,200,788Expenses 2020: $1,201,196Net Income 2020: -$4082020Revenue 2021: $1,293,362Expenses 2021: $1,228,650Net Income 2021: $64,7122021Revenue 2022: $1,230,409Expenses 2022: $1,257,300Net Income 2022: -$26,8912022Revenue 2023: $1,276,384Expenses 2023: $1,446,807Net Income 2023: -$170,4232023Revenue 2024: $1,219,740Expenses 2024: $1,442,648Net Income 2024: -$222,9082024Revenue 2025: $1,334,652Expenses 2025: $1,233,772Net Income 2025: $100,8802025

Highlighted filing

2015

Revenue$1,163,836
Expenses$1,192,254
Net Income-$28,418
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 8, 2015
Return Version
2014v5.0
Gross Receipts
$1,163,836
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$3,539,249$3,300,535▼ $238,714
Intangible Assets$191,401$185,126▼ $6,275
Cash and Non-Interest-Bearing Accounts$70,760$94,472▲ $23,712
Prepaid Expenses and Deferred Charges$67,131$64,742▼ $2,389
Accounts Receivable$17,511$33,122▲ $15,611
Total Assets$4,456,395$4,290,179▼ $166,216
Other Assets Total$570,343$612,182▲ $41,839
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,744,143$5,664,131▼ $80,012
Accounts Payable and Accrued Expenses$123,401$65,571▼ $57,830
Other Liabilities$22,050$22,179▲ $129
Deferred Revenue$1,688$1,603▼ $85
Total Liabilities$5,891,282$5,753,484▼ $137,798
Net Assets / Fund Balance
Unrestricted Net Assets$-1,434,887$-1,463,305▼ $28,418
Total Net Assets Fund Balance$-1,434,887$-1,463,305▼ $28,418
Total Liabilities and Net Assets / Fund Balance$4,456,395$4,290,179▼ $166,216

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,873,689$4,556,823$7,430,512
Other Land Buildings$174,074$199,027$373,101
Land$239,979-$239,979
Equipment$12,793$105,342$118,135
Other Assets Org$4,625--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Carol MoorePresident$492,384$492,384
Joseph a BudzynskiAsst Sec/ass$368,778$368,778
Patrick SheridanAsst. Sec/as$293,414$293,414
David T BowmanAsst. Sec/tr$254,007$254,007
Robin KellerAsst Sec/ass$221,211$221,211
Juanita CohenAsst. Sec/as$220,591$220,591
Wayne OlsonAsst Sec/ass$188,945$188,945

Board Members and Trustees

NameTitle
Michael SullivanBoard Chair
Thomas D TurnbullPresident
Wilfred N Cooper SrBoard Vice C
C David KikumotoDirector
John MorlandDirector
Karen DaleDirector
Shawn B BloomDirector
Stephen WakefieldDirector
Thomas D TurnbullDirector
Joseph a BudzynskiAsst Sec/asst Treas
Robin KellerAsst Sec/asst Treas
Wayne OlsonAsst Sec/asst Treas
Deborah PerryAsst. Sec
Nancy GavinAsst. Sec
Juanita CohenAsst. Sec/asst Treas
Patrick SheridanAsst. Sec/asst Treas
David T BowmanAsst. Sec/treas, CFO
-Key Employee
Robert GibsonKey Employee
Nancy J FeldmanSecretary
Ann SchnareTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Voa Of Greater Baton RougeMgmt, Payroll,1660 DUKE ST, Alexandria, VA 22314$376,218
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,163,316
Investment Income
$520
Other Revenue
$0
Change in Net Assets
$-28,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,163,836
Total Revenue per Audited Statements
$1,163,836
Total Revenue per Form 990
$1,163,836
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,038,445
Salaries, Compensation, and Employee Benefits$153,809
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$434,162--$434,162
Depreciation Depletion$255,547--$255,547
Other Salaries and Wages$130,802--$130,802
Fees for Services Management-$84,649-$84,649
Office Expenses$25,723--$25,723
Fees for Services Accounting-$14,843-$14,843
Other Employee Benefits$13,414--$13,414
Payroll Taxes$9,593--$9,593
Advertising$6,112--$6,112
Conferences and Meetings$2,691--$2,691
Insurance$1,669--$1,669
Other Expenses$395--$395
Total Functional Expenses$1,092,762$99,492$0$1,192,254

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,192,254
Total Expenses per Audited Statements$1,192,254
Total Expenses per Form 990$1,192,254
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$22,179
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 greater baton rouge, 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, 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
Oak Park Plaza Inc
EIN
72-0863839
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
1979
Legal Domicile
La
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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IRS990/Form990PartVIISectionAGrp/PersonNm18WAYNE OLSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11ASST SEC/ASS
IRS990/Form990PartVIISectionAGrp/TitleTxt12ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASST. SEC/AS
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASST. SEC
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.88$5.39$1.50$1.33$1.23$0.10
2024Detailed filing. Detailed filing data is available for this year.$3.87$5.87$2.00$1.22$1.44$0.22
2023Detailed filing. Detailed filing data is available for this year.$3.25$5.03$1.78$1.28$1.45$0.17
2022Detailed filing. Detailed filing data is available for this year.$3.36$4.97$1.61$1.23$1.26$0.03
2021Detailed filing. Detailed filing data is available for this year.$3.47$5.06$1.58$1.29$1.23$0.06
2020Detailed filing. Detailed filing data is available for this year.$3.47$5.12$1.65$1.20$1.20$0.00
2019Detailed filing. Detailed filing data is available for this year.$3.59$5.24$1.65$1.19$1.20$0.00
2018Detailed filing. Detailed filing data is available for this year.$3.70$5.34$1.64$1.19$1.22$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.84$5.45$1.62$1.19$1.27$0.08
2016Detailed filing. Detailed filing data is available for this year.$4.14$5.67$1.54$1.14$1.21$0.07
2015Detailed filing. Detailed filing data is available for this year.$4.29$5.75$1.46$1.16$1.19$0.03
2014Detailed filing. Detailed filing data is available for this year.$4.46$5.89$1.43$1.17$1.18$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.48$5.91$1.42$1.19
2012Summary only. Only limited summary data is available for this year.$4.59$5.98$1.38$1.17$1.06$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.58$6.07$1.49$1.06