Civic Intelligence

Oak Park Plaza Inc Oak Park Plaza

990 • Fiscal year 2021 • EIN 72-0863839

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 04, 2021

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

97th percentile

1.46x

Higher debt load relative to assets than 97% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

3.91x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

36th percentile

5.0%

Higher net margin than 36% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

99th percentile

$676,817

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 52.3% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

27th percentile

0.1%

Faster asset growth than 27% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

7.7%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,472,877

Up $4,784 (+0.1%) from 2020

Net Assets

Up

-$1,584,404

Up $64,712 (+3.9%) from 2020

Liabilities

Down

$5,057,281

Down $59,928 (-1.2%) from 2020

Revenue

Up

$1,293,362

Up $92,574 (+7.7%) from 2020

Expenses

Up

$1,228,650

Up $27,454 (+2.3%) from 2020

Net Income

Up

$64,712

Up $65,120 (+15961%) from 2020

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

2021

Assets$3,472,877
Liabilities$5,057,281
Net Assets-$1,584,404

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

2021

Revenue$1,293,362
Expenses$1,228,650
Net Income$64,712
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 4, 2021
Return Version
2020v4.0
Gross Receipts
$1,293,362
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$2,498,984$2,350,841▼ $148,143
Accounts Receivable$56,272$90,596▲ $34,324
Prepaid Expenses and Deferred Charges$82,371$87,505▲ $5,134
Cash and Non-Interest-Bearing Accounts$18,021$67,635▲ $49,614
Total Assets$3,468,093$3,472,877▲ $4,784
Other Assets Total$812,445$876,300▲ $63,855
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,043,409$4,941,231▼ $102,178
Accounts Payable and Accrued Expenses$43,918$86,866▲ $42,948
Other Liabilities$25,673$25,478▼ $195
Deferred Revenue$4,209$3,706▼ $503
Total Liabilities$5,117,209$5,057,281▼ $59,928
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,649,116$-1,584,404▲ $64,712
Total Net Assets Fund Balance$-1,649,116$-1,584,404▲ $64,712
Total Liabilities and Net Assets / Fund Balance$3,468,093$3,472,877▲ $4,784

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,033,783$5,840,412$7,874,195
Other Land Buildings$46,524$322,075$368,599
Land$239,979-$239,979
Equipment$30,555$79,522$110,077
Other Assets Org$4,625--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sharon Wilson GenoAsst Sec/tre$459,476$459,476
Joseph BudzynskiAsst Sec/tre$366,802$366,802
Kimberly KingAsst. Sec/tr$272,723$272,723
Nancy GavinAsst. Sec/tr$241,852$241,852
Peter DesjardinsAsst. Sec/tr$226,881$226,881
Faith NutzAsst. Sec/tr$136,926$136,926

Board Members and Trustees

NameTitle
Patti ArnoldChairperson
Michael W KingPresident
Nancy RaseVice Chair
Andy EdeburnDirector
Beth MullenDirector
Derrick PerkinsDirector
Edwina CarringtonDirector
James LeblancDirector
Jeanne PetersenDirector
Karen DaleDirector
Keith KnappDirector
Shawn BloomDirector
Stephen WakefieldDirector
Joseph BudzynskiAsst Sec/treas & CFO
Sharon Wilson GenoAsst Sec/treas & COO
Kimberly KingAsst. Sec/treas
Nancy GavinAsst. Sec/treas
Peter DesjardinsAsst. Sec/treas
Thomas DolanSecretary
Jane BurksTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Voa Of Greater Baton RougeMgmt, Payroll,1660 DUKE ST, Alexandria, VA 22314$290,696
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,292,384
Investment Income
$780
Other Revenue
$198
Change in Net Assets
$64,712

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,293,362
Total Revenue per Audited Statements
$1,293,362
Total Revenue per Form 990
$1,293,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,085,622
Salaries, Compensation, and Employee Benefits$143,028
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$421,182--$421,182
Depreciation Depletion$261,362--$261,362
Other Salaries and Wages$122,194--$122,194
Fees for Services Management-$95,324-$95,324
Office Expenses$23,777--$23,777
Fees for Services Accounting-$16,338-$16,338
Other Employee Benefits$11,832--$11,832
Payroll Taxes$9,002--$9,002
Insurance$1,230--$1,230
Advertising$160--$160
Conferences and Meetings-$95-$95
Other Expenses$65--$65
Total Functional Expenses$1,116,893$111,757$0$1,228,650

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,228,650
Total Expenses per Audited Statements$1,228,650
Total Expenses per Form 990$1,228,650
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$25,478
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 peter desjardins asst sec/a 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/a. 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
Joseph Budzynski
Title
Asst Sec/treas & CFO
Phone
7033415000
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Budzynski
Formed
1979
Legal Domicile
La
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/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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