Civic Intelligence

Welsh Voa Elderly Housing Inc

EIN 72-1257008 • 501(c)3 • Alexandria, VA

Profile

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.

Refreshing map…

1660 Duke StreetAlexandria, VA 22314
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.47x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

96th percentile

3.08x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

22nd percentile

-12%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

100th percentile

$868,407

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 292.6% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

28th percentile

-5.4%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

45th percentile

3.9%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Down

$623,708

Down $35,430 (-5.4%) from 2024

Liabilities

Down

$915,184

Down $130 (-0.0%) from 2024

Net Assets

Down

-$291,476

Down $35,300 (-14%) from 2024

Revenue

Up

$296,834

Up $11,012 (+3.9%) from 2024

Expenses

Down

$332,134

Down $49,195 (-13%) from 2024

Net Income

Up

-$35,300

Up $60,207 (+63%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2011: $622,045Liabilities 2011: $1,112,324Net Assets 2011: -$490,2792011Assets 2012: $605,821Liabilities 2012: $1,136,151Net Assets 2012: -$530,3302012Assets 2013: $616,198Liabilities 2013: $1,142,690Net Assets 2013: -$526,4922013Assets 2014: $633,218Liabilities 2014: $1,131,859Net Assets 2014: -$498,6412014Assets 2015: $711,394Liabilities 2015: $1,144,354Net Assets 2015: -$432,9602015Assets 2016: $691,067Liabilities 2016: $1,052,271Net Assets 2016: -$361,2042016Assets 2017: $693,931Liabilities 2017: $959,118Net Assets 2017: -$265,1872017Assets 2018: $720,982Liabilities 2018: $941,550Net Assets 2018: -$220,5682018Assets 2019: $769,948Liabilities 2019: $925,778Net Assets 2019: -$155,8302019Assets 2020: $905,275Liabilities 2020: $1,004,954Net Assets 2020: -$99,6792020Assets 2021: $847,097Liabilities 2021: $916,852Net Assets 2021: -$69,7552021Assets 2022: $806,928Liabilities 2022: $929,109Net Assets 2022: -$122,1812022Assets 2023: $762,091Liabilities 2023: $922,760Net Assets 2023: -$160,6692023Assets 2024: $659,138Liabilities 2024: $915,314Net Assets 2024: -$256,1762024Assets 2025: $623,708Liabilities 2025: $915,184Net Assets 2025: -$291,4762025

Highlighted filing

2025

Assets$623,708
Liabilities$915,184
Net Assets-$291,476

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KExpenses 2011: $82,4242011Expenses 2012: $129,4242012Expenses 2013: $153,3312013Revenue 2014: $169,120Expenses 2014: $141,269Net Income 2014: $27,8512014Revenue 2015: $221,645Expenses 2015: $155,964Net Income 2015: $65,6812015Revenue 2016: $239,630Expenses 2016: $167,874Net Income 2016: $71,7562016Revenue 2017: $266,166Expenses 2017: $170,149Net Income 2017: $96,0172017Revenue 2018: $220,741Expenses 2018: $176,122Net Income 2018: $44,6192018Revenue 2019: $264,195Expenses 2019: $199,457Net Income 2019: $64,7382019Revenue 2020: $271,955Expenses 2020: $215,804Net Income 2020: $56,1512020Revenue 2021: $285,544Expenses 2021: $255,620Net Income 2021: $29,9242021Revenue 2022: $244,411Expenses 2022: $296,837Net Income 2022: -$52,4262022Revenue 2023: $291,340Expenses 2023: $329,828Net Income 2023: -$38,4882023Revenue 2024: $285,822Expenses 2024: $381,329Net Income 2024: -$95,5072024Revenue 2025: $296,834Expenses 2025: $332,134Net Income 2025: -$35,3002025

Highlighted filing

2025

Revenue$296,834
Expenses$332,134
Net Income-$35,300

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.92$0.29$0.30$0.33$0.04
2024Summary only. Only limited summary data is available for this year.$0.66$0.92$0.26$0.29$0.38$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.92$0.16$0.29$0.33$0.04
2022Summary only. Only limited summary data is available for this year.$0.81$0.93$0.12$0.24$0.30$0.05
2021Summary only. Only limited summary data is available for this year.$0.85$0.92$0.07$0.29$0.26$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$1.00$0.10$0.27$0.22$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.93$0.16$0.26$0.20$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.94$0.22$0.22$0.18$0.04
2017Summary only. Only limited summary data is available for this year.$0.69$0.96$0.27$0.27$0.17$0.10
2016Summary only. Only limited summary data is available for this year.$0.69$1.05$0.36$0.24$0.17$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.71$1.14$0.43$0.22$0.16$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.63$1.13$0.50$0.17$0.14$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$1.14$0.53$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$1.14$0.53$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$1.11$0.49$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 15, 2025
Return Version
2024v5.0
Gross Receipts
$296,834
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$471,403$428,617▼ $42,786
Prepaid Expenses and Deferred Charges$28,262$27,693▼ $569
Cash and Non-Interest-Bearing Accounts$9,797$10,222▲ $425
Accounts Receivable$1,355--
Total Assets$659,138$623,708▼ $35,430
Other Assets Total$148,321$157,176▲ $8,855
Liabilities
Mortgage Notes Payable Secured by Investment Property$893,100$893,100→ $0
Accounts Payable and Accrued Expenses$15,721$14,824▼ $897
Other Liabilities$5,761$5,621▼ $140
Deferred Revenue$732$1,639▲ $907
Total Liabilities$915,314$915,184▼ $130
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-256,176$-291,476▼ $35,300
Total Net Assets Fund Balance$-256,176$-291,476▼ $35,300
Total Liabilities and Net Assets / Fund Balance$659,138$623,708▼ $35,430

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$350,248$758,733$1,108,981
Other Land Buildings$52,359$133,221$185,580
Land$26,010-$26,010
Equipment-$25,776$25,776
Other Assets Org$73--
Compensation and Service Providers

Employees

NameTitleOtherTotal
David NisivocciaAsst. Treas/$516,603$516,603
Joseph BudzynskiAsst Treas/s$465,439$465,439
Paul SoczynskiAsst. Treas/$378,447$378,447
Peter DesjardinsAsst. Treas/$319,503$319,503
Nancy GavinAsst. Sec/tr$285,594$285,594
Kimberly KingAsst. Treas/$256,810$256,810
David PaskoffAsst. Treas/$197,896$197,896
Dejernette BeatyAsst. Treas/$193,522$193,522
Faith NutzAsst. Sec/tr$169,200$169,200

Board Members and Trustees

NameTitle
Nancy RaseChair
Michael W KingPresident
Derrick PerkinsVice Chair
Beth MullenDirector
Carmen JacksonDirector
Janet StringfellowDirector
Jeanne PetersonDirector
Keith KnappDirector
Patrick SheridanDirector
Patti ArnoldDirector
Shawn BloomDirector
Voris VigeeDirector
Walter TejadaDirector
Joseph BudzynskiAsst Treas/sec & CFO
Faith NutzAsst. Sec/treas
Nancy GavinAsst. Sec/treas
David NisivocciaAsst. Treas/sec
David PaskoffAsst. Treas/sec
Dejernette BeatyAsst. Treas/sec
Kimberly KingAsst. Treas/sec
Paul SoczynskiAsst. Treas/sec
Peter DesjardinsAsst. Treas/sec
Karen HackettSecretary
Karen EricksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$296,455
Investment Income
$379
Other Revenue
$0
Change in Net Assets
$-35,300

Audited Revenue Reconciliation

Revenue per Audited Statements
$296,834
Total Revenue per Audited Statements
$296,834
Total Revenue per Form 990
$296,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$196,129
Salaries, Compensation, and Employee Benefits$136,005
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$109,112--$109,112
Depreciation Depletion$55,097--$55,097
Occupancy$50,103--$50,103
Other Employee Benefits$18,016--$18,016
Office Expenses$14,432--$14,432
Fees for Services Management-$14,264-$14,264
Payroll Taxes$8,877--$8,877
Fees for Services Accounting-$8,679-$8,679
Insurance$1,813--$1,813
Other Expenses$1,785--$1,785
Conferences and Meetings-$239-$239
Fees for Services Legal-$171-$171
Total Functional Expenses$308,781$23,353$0$332,134

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$332,134
Total Expenses per Audited Statements$332,134
Total Expenses per Form 990$332,134
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$5,621
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

Article iv-section 2- 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 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 david nisivoccia asst. Sec/a dir and/or officer of voa kimberly b. King asst. Sec/a. Dir and/or officer of voa peter desjardins 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 latter & blum property management, 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
Welsh Voa Elderly Housing Inc
EIN
72-1257008
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Dejernette Beaty
Title
Asst. Treas/sec
Phone
7033415000
Signed
2025-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dejernette Beaty
Formed
1994
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
Raw XML AppendixShowing 400 of 2,690 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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