Civic Intelligence

Welsh Voa Elderly Housing Inc Bayou Villa

990 • Fiscal year 2016 • EIN 72-1257008

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 09, 2016

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

96th percentile

1.52x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

4.39x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

85th percentile

30%

Higher net margin than 85% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

99th percentile

$508,612

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 212.2% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

32nd percentile

-2.9%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

60th percentile

8.1%

Faster revenue growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Flat

$691,067

Flat from 2016

Net Assets

Flat

-$361,204

Flat from 2016

Liabilities

Flat

$1,052,271

Flat from 2016

Revenue

Flat

$239,630

Flat from 2016

Expenses

Flat

$167,874

Flat from 2016

Net Income

Flat

$71,756

Flat from 2016

Historical Trend

Balance Sheet Trend

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

$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 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

2016

Assets$691,067
Liabilities$1,052,271
Net Assets-$361,204

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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 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

2016

Revenue$239,630
Expenses$167,874
Net Income$71,756
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 9, 2016
Return Version
2015v2.1
Gross Receipts
$239,630
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$522,235$523,691▲ $1,456
Cash and Non-Interest-Bearing Accounts$104,416$86,935▼ $17,481
Prepaid Expenses and Deferred Charges$10,772$10,286▼ $486
Accounts Receivable$1,872$79▼ $1,793
Total Assets$711,394$691,067▼ $20,327
Other Assets Total$72,099$70,076▼ $2,023
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,119,749$1,035,979▼ $83,770
Accounts Payable and Accrued Expenses$20,704$9,942▼ $10,762
Other Liabilities$3,874$6,328▲ $2,454
Deferred Revenue$27$22▼ $5
Total Liabilities$1,144,354$1,052,271▼ $92,083
Net Assets / Fund Balance
Unrestricted Net Assets$-432,960$-361,204▲ $71,756
Total Net Assets Fund Balance$-432,960$-361,204▲ $71,756
Total Liabilities and Net Assets / Fund Balance$711,394$691,067▼ $20,327

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$486,594$459,414$946,008
Land$26,010-$26,010
Equipment$8,863$14,472$23,335
Other Land Buildings$2,224$1,885$4,109
Other Assets Org$219--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Thomas D TurnbullAsst. Sec/tr$379,744$379,744
Joseph a BudzynskiAsst. Sec/tr$280,916$280,916
Juanita CohenAsst Sec/ass$231,951$231,951
Nancy GavinAsst Sec/tre$201,001$201,001
Deborah PerryAsst. Sec/tr$186,788$186,788

Board Members and Trustees

NameTitle
C David KikumotoBoard Chair
Michael W KingPresident
John MorlandBoard Vice C
Andy EdeburnDirector
Ann SchnareDirector
Edwina CarringtonDirector
James LeblancDirector
Jane BurksDirector
Karen DaleDirector
Michael SullivanDirector
Stephen WakefieldDirector
Wilfred N Cooper SrDirector
Juanita CohenAsst Sec/asst Treas
Nancy GavinAsst Sec/treas
Patrick SheridanAsst. Sec.
Robin KellerAsst. Sec.
Deborah PerryAsst. Sec/treas
Joseph a BudzynskiAsst. Sec/treas
Thomas D TurnbullAsst. Sec/treas
Robert GibsonKey Employee
Wayne OlsonKey Employee
Carol MooreSecretary
Nancy J FeldmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$238,982
Investment Income
$648
Other Revenue
$0
Change in Net Assets
$71,756

Audited Revenue Reconciliation

Revenue per Audited Statements
$239,630
Total Revenue per Audited Statements
$239,630
Total Revenue per Form 990
$239,630
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,119
Salaries, Compensation, and Employee Benefits$60,755
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$56,227--$56,227
Depreciation Depletion$32,127--$32,127
Occupancy$22,287--$22,287
Fees for Services Management-$12,208-$12,208
Fees for Services Accounting-$8,772-$8,772
Office Expenses$5,290--$5,290
Payroll Taxes$4,410--$4,410
Advertising$4,237--$4,237
Insurance$1,259--$1,259
Conferences and Meetings$472--$472
Other Employee Benefits$118--$118
Other Expenses$117--$117
Total Functional Expenses$146,894$20,980$0$167,874

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$167,874
Total Expenses per Audited Statements$167,874
Total Expenses per Form 990$167,874
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$6,328
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 jane cohen 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 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
Joseph a Budzynski
Title
Asst. Sec/treas
Phone
7033415000
Signed
2016-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
1994
Legal Domicile
La
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/PersonNm21WAYNE OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm22ROBERT GIBSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD VICE C
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASST SEC/ASS
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASST SEC/TRE
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt20ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt21KEY EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22KEY EMPLOYEE
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IRS990/FormationYr01994
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IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0239630
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0648
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0523691
IRS990/LandBldgEquipCostOrOtherBssAmt0999462
IRS990/LegalDomicileStateCd0LA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDES 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01119749
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01035979
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IRS990/NetAssetsOrFundBalancesEOYAmt0-361204
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IRS990/OccupancyGrp/TotalAmt022287
IRS990/OfficeExpensesGrp/ProgramServicesAmt05290
IRS990/OfficeExpensesGrp/TotalAmt05290
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0OTHER OPERATING EXPENSES
IRS990/OtherExpensesGrp/Desc1ALL OTHER ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc2MISC TAXES
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IRS990/OtherExpensesGrp/ProgramServicesAmt11261
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IRS990/OtherLiabilitiesGrp/BOYAmt03874
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IRS990/PrincipalOfficerNm0JOSEPH A BUDZYNSKI
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0169120
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0157169
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt089369
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0157169
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt089369
IRS990ScheduleA/Total509Grp/TotalAmt0876199
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0221645
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0169120
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0157169
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt089373
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0876937

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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
2016Detailed filing. Detailed filing data is available for this year.$0.69$1.05$0.36$0.24$0.17$0.07
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