Civic Intelligence

Fremont Voa Elderly Housing Inc Bethesda View

990 • Fiscal year 2015 • EIN 72-1262229

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

Refreshing map…

1660 Duke StAlexandria, VA 22314

(703) 341-5000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

69th percentile

0.15x

Higher debt load relative to revenue than 69% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

99th percentile

$492,384

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 335.1% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

33rd percentile

-2.9%

Faster asset growth than 33% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

46th percentile

1.6%

Faster revenue growth than 46% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$706,946

Down $21,094 (-2.9%) from 2014

Net Assets

Down

$685,482

Down $16,877 (-2.4%) from 2014

Liabilities

Down

$21,464

Down $4,217 (-16%) from 2014

Revenue

Up

$146,924

Up $2,270 (+1.6%) from 2014

Expenses

Down

$163,801

Down $17,761 (-9.8%) from 2014

Net Income

Up

-$16,877

Up $20,031 (+54%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $820,621Liabilities 2011: $24,953Net Assets 2011: $795,6682011Assets 2012: $795,821Liabilities 2012: $33,720Net Assets 2012: $762,1012012Assets 2013: $765,031Liabilities 2013: $25,764Net Assets 2013: $739,2672013Assets 2014: $728,040Liabilities 2014: $25,681Net Assets 2014: $702,3592014Assets 2015: $706,946Liabilities 2015: $21,464Net Assets 2015: $685,4822015Assets 2016: $689,812Liabilities 2016: $23,253Net Assets 2016: $666,5592016Assets 2017: $666,310Liabilities 2017: $28,331Net Assets 2017: $637,9792017Assets 2018: $655,124Liabilities 2018: $25,574Net Assets 2018: $629,5502018Assets 2019: $629,248Liabilities 2019: $20,189Net Assets 2019: $609,0592019Assets 2020: $578,659Liabilities 2020: $28,760Net Assets 2020: $549,8992020Assets 2021: $547,229Liabilities 2021: $24,142Net Assets 2021: $523,0872021Assets 2022: $515,855Liabilities 2022: $35,356Net Assets 2022: $480,4992022Assets 2023: $493,276Liabilities 2023: $45,772Net Assets 2023: $447,5042023Assets 2024: $471,664Liabilities 2024: $55,200Net Assets 2024: $416,4642024Assets 2025: $444,321Liabilities 2025: $45,172Net Assets 2025: $399,1492025

Highlighted filing

2015

Assets$706,946
Liabilities$21,464
Net Assets$685,482

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $151,3672011Expenses 2012: $175,5782012Expenses 2013: $165,4782013Revenue 2014: $144,654Expenses 2014: $181,562Net Income 2014: -$36,9082014Revenue 2015: $146,924Expenses 2015: $163,801Net Income 2015: -$16,8772015Revenue 2016: $150,340Expenses 2016: $169,263Net Income 2016: -$18,9232016Revenue 2017: $148,408Expenses 2017: $176,988Net Income 2017: -$28,5802017Revenue 2018: $162,610Expenses 2018: $171,039Net Income 2018: -$8,4292018Revenue 2019: $155,845Expenses 2019: $176,336Net Income 2019: -$20,4912019Revenue 2020: $149,188Expenses 2020: $208,348Net Income 2020: -$59,1602020Revenue 2021: $160,444Expenses 2021: $187,256Net Income 2021: -$26,8122021Revenue 2022: $155,211Expenses 2022: $197,799Net Income 2022: -$42,5882022Revenue 2023: $165,609Expenses 2023: $198,604Net Income 2023: -$32,9952023Revenue 2024: $163,515Expenses 2024: $194,555Net Income 2024: -$31,0402024Revenue 2025: $173,745Expenses 2025: $191,060Net Income 2025: -$17,3152025

Highlighted filing

2015

Revenue$146,924
Expenses$163,801
Net Income-$16,877
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 8, 2015
Return Version
2014v5.0
Gross Receipts
$146,924
Mission and Program Overview

Mission

Provide affordable housing for disabled persons under section 202 of the national housing act

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$647,148$615,983▼ $31,165
Cash and Non-Interest-Bearing Accounts$3,006$5,624▲ $2,618
Prepaid Expenses and Deferred Charges$5,089$5,610▲ $521
Accounts Receivable$120$214▲ $94
Total Assets$728,040$706,946▼ $21,094
Other Assets Total$72,677$79,515▲ $6,838
Liabilities
Accounts Payable and Accrued Expenses$20,541$16,511▼ $4,030
Other Liabilities$5,139$4,953▼ $186
Deferred Revenue$1--
Total Liabilities$25,681$21,464▼ $4,217
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,116,900$1,116,900→ $0
Unrestricted Net Assets$-414,541$-431,418▼ $16,877
Total Net Assets Fund Balance$702,359$685,482▼ $16,877
Total Liabilities and Net Assets / Fund Balance$728,040$706,946▼ $21,094

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$549,306$537,205$1,086,511
Other Land Buildings$26,677$17,026$43,703
Land$40,000-$40,000
Equipment-$13,875$13,875
Other Assets Org$5,661--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Michael W KingPresident/di$492,384$492,384
Thomas D TurnbullAsst. Sec/tr$368,778$368,778
David T BowmanAsst. Sec/tr$293,414$293,414
Joseph a BudzynskiAsst. Sec/tr$254,007$254,007
Juanita CohenAsst Sec./as$221,211$221,211
Nancy GavinAsst. Sec/tr$220,591$220,591
Deborah PerryAsst. Sec/tr$188,945$188,945

Board Members and Trustees

NameTitle
C David KikumotoChair/direct
Michael W KingPresident/direc
Shawn B BloomVice Chair/d
Ann SchnareDirector
John MorlandDirector
Karen DaleDirector
Michael SullivanDirector
Stephen WakefieldDirector
Wilfred N Cooper SrDirector
Juanita CohenAsst Sec./asst Treas
Patrick SheridanAsst. Sec.
Robin KellerAsst. Sec.
David T BowmanAsst. Sec/treas
Deborah PerryAsst. Sec/treas
Joseph a BudzynskiAsst. Sec/treas
Nancy GavinAsst. Sec/treas
Thomas D TurnbullAsst. Sec/treas
Robert GibsonKey Employee
Wayne OlsonKey Employee
Carol MooreSecretary/di
Nancy J FeldmanTreasurer/di
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$146,871
Investment Income
$53
Other Revenue
$0
Change in Net Assets
$-16,877

Audited Revenue Reconciliation

Revenue per Audited Statements
$146,924
Total Revenue per Audited Statements
$146,924
Total Revenue per Form 990
$146,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,568
Salaries, Compensation, and Employee Benefits$25,233
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$51,342--$51,342
Depreciation Depletion$31,165--$31,165
Other Salaries and Wages$17,456--$17,456
Fees for Services Management-$13,529-$13,529
Fees for Services Accounting-$7,257-$7,257
Other Employee Benefits$4,849--$4,849
Office Expenses$4,759--$4,759
Payroll Taxes$2,928--$2,928
Conferences and Meetings$200--$200
Other Expenses$168--$168
Advertising$66--$66
Insurance$42--$42
Total Functional Expenses$143,015$20,786$0$163,801

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$163,801
Total Expenses per Audited Statements$163,801
Total Expenses per Form 990$163,801
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$4,953
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 volunteers of america greater ohio 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
Fremont Voa Elderly Housing Inc
EIN
72-1262229
Phone
7033415000
Address
1660 DUKE ST, 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
1994
Legal Domicile
Oh
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/TitleTxt0PRESIDENT/DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/DI
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR/D
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR/DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt12ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST SEC./AS
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASST. SEC/TR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.44$0.45$3.99$1.74$1.91$0.17
2024Summary only. Only limited summary data is available for this year.$4.72$0.55$4.16$1.64$1.95$0.31
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.93$0.46$4.48$1.66$1.99$0.33
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.16$0.35$4.80$1.55$1.98$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.47$0.24$5.23$1.60$1.87$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.79$0.29$5.50$1.49$2.08$0.59
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.29$0.20$6.09$1.56$1.76$0.20
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.55$0.26$6.30$1.63$1.71$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.66$0.28$6.38$1.48$1.77$0.29
2016Detailed filing. Detailed filing data is available for this year.$6.90$0.23$6.67$1.50$1.69$0.19
2015Detailed filing. Detailed filing data is available for this year.$7.07$0.21$6.85$1.47$1.64$0.17
2014Detailed filing. Detailed filing data is available for this year.$7.28$0.26$7.02$1.45$1.82$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.65$0.26$7.39$1.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.96$0.34$7.62$1.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.21$0.25$7.96$1.51
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $500k-$1M nonprofits