Civic Intelligence

Phoenix Voa Elderly Housing Inc Vista De La Montana

990 • Fiscal year 2018 • EIN 72-1501788

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 17, 2018

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

61st percentile

0.17x

Higher debt load relative to assets than 61% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

1.17x

Higher debt load relative to revenue than 87% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

31st percentile

-3.3%

Higher net margin than 31% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

98th percentile

$562,589

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 126.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

41st percentile

-1.2%

Faster asset growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,011,488

Down $35,888 (-1.2%) from 2017

Net Assets

Down

$2,487,033

Down $14,775 (-0.6%) from 2017

Liabilities

Down

$524,455

Down $21,113 (-3.9%) from 2017

Revenue

Up

$446,484

Up $44,480 (+11%) from 2017

Expenses

Down

$461,259

Down $21,930 (-4.5%) from 2017

Net Income

Up

-$14,775

Up $66,410 (+82%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,588,113Liabilities 2011: $647,153Net Assets 2011: $2,940,9602011Assets 2012: $3,491,736Liabilities 2012: $614,580Net Assets 2012: $2,877,1562012Assets 2013: $3,394,211Liabilities 2013: $587,746Net Assets 2013: $2,806,4652013Assets 2014: $3,321,438Liabilities 2014: $581,619Net Assets 2014: $2,739,8192014Assets 2015: $3,219,583Liabilities 2015: $560,797Net Assets 2015: $2,658,7862015Assets 2016: $3,145,278Liabilities 2016: $562,285Net Assets 2016: $2,582,9932016Assets 2017: $3,047,376Liabilities 2017: $545,568Net Assets 2017: $2,501,8082017Assets 2018: $3,011,488Liabilities 2018: $524,455Net Assets 2018: $2,487,0332018Assets 2019: $2,960,571Liabilities 2019: $558,068Net Assets 2019: $2,402,5032019Assets 2020: $2,807,159Liabilities 2020: $483,130Net Assets 2020: $2,324,0292020Assets 2021: $2,736,971Liabilities 2021: $472,624Net Assets 2021: $2,264,3472021Assets 2022: $2,799,317Liabilities 2022: $531,397Net Assets 2022: $2,267,9202022Assets 2023: $2,622,445Liabilities 2023: $435,288Net Assets 2023: $2,187,1572023Assets 2024: $2,564,902Liabilities 2024: $435,389Net Assets 2024: $2,129,5132024Assets 2025: $2,514,867Liabilities 2025: $428,564Net Assets 2025: $2,086,3032025

Highlighted filing

2018

Assets$3,011,488
Liabilities$524,455
Net Assets$2,487,033

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $396,2802011Revenue 2012: $324,093Expenses 2012: $404,147Net Income 2012: -$80,0542012Expenses 2013: $419,7642013Revenue 2014: $356,866Expenses 2014: $423,512Net Income 2014: -$66,6462014Revenue 2015: $397,408Expenses 2015: $478,441Net Income 2015: -$81,0332015Revenue 2016: $399,424Expenses 2016: $475,217Net Income 2016: -$75,7932016Revenue 2017: $402,004Expenses 2017: $483,189Net Income 2017: -$81,1852017Revenue 2018: $446,484Expenses 2018: $461,259Net Income 2018: -$14,7752018Revenue 2019: $459,948Expenses 2019: $544,478Net Income 2019: -$84,5302019Revenue 2020: $478,848Expenses 2020: $557,322Net Income 2020: -$78,4742020Revenue 2021: $492,904Expenses 2021: $552,586Net Income 2021: -$59,6822021Revenue 2022: $531,369Expenses 2022: $527,796Net Income 2022: $3,5732022Revenue 2023: $542,834Expenses 2023: $623,597Net Income 2023: -$80,7632023Revenue 2024: $553,744Expenses 2024: $611,388Net Income 2024: -$57,6442024Revenue 2025: $550,103Expenses 2025: $593,313Net Income 2025: -$43,2102025

Highlighted filing

2018

Revenue$446,484
Expenses$461,259
Net Income-$14,775
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 17, 2018
Return Version
2017v2.3
Gross Receipts
$446,484
Mission and Program Overview

Mission

Provides housing for 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$2,905,491$2,815,276▼ $90,215
Cash and Non-Interest-Bearing Accounts$22,813$59,507▲ $36,694
Prepaid Expenses and Deferred Charges$12,638$12,451▼ $187
Accounts Receivable$66$19▼ $47
Total Assets$3,047,376$3,011,488▼ $35,888
Other Assets Total$106,368$124,235▲ $17,867
Liabilities
Mortgage Notes Payable Secured by Investment Property$501,787$485,537▼ $16,250
Accounts Payable and Accrued Expenses$29,577$24,013▼ $5,564
Other Liabilities$14,190$14,905▲ $715
Deferred Revenue$14--
Total Liabilities$545,568$524,455▼ $21,113
Net Assets / Fund Balance
Unrestricted Net Assets$2,501,808$2,487,033▼ $14,775
Total Net Assets Fund Balance$2,501,808$2,487,033▼ $14,775
Total Liabilities and Net Assets / Fund Balance$3,047,376$3,011,488▼ $35,888

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,272,754$1,464,204$3,736,958
Land$487,872-$487,872
Other Land Buildings$45,523$98,593$144,116
Equipment$9,127$3,772$12,899
Compensation and Service Providers

Employees

NameTitleOtherTotal
Joseph a BudzynskiAsst. Sec/tr$329,643$329,643
Robert GibsonAsst. Sec/tr$322,628$322,628
Sharon Wilson GenoAsst. Sec/tr$306,977$306,977
Nancy a GavinAsst. Sec/tr$212,308$212,308
Deborah a PerryAsst. Sec/tr$187,448$187,448

Board Members and Trustees

NameTitle
Jane BurksBoard Chair
Michael W KingPresident
David C KikumotoVice Chairma
Andy EdeburnDirector
James LeblancDirector
Jeanne PetersenDirector
Karen DaleDirector
Keith KnappDirector
Michael SullivanDirector
Nancy RaseDirector
Shawn BloomDirector
Steve WakefieldDirector
Thomas DolanDirector
Cynthia R KellerAsst. Sec.
Patrick N SheridanAsst. Sec.
Deborah a PerryAsst. Sec/treas
Nancy a GavinAsst. Sec/treas
Robert GibsonAsst. Sec/treas
Sharon Wilson GenoAsst. Sec/treas
Joseph a BudzynskiAsst. Sec/treas, CFO
Edwina CarringtonSecretary
Patti ArnoldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$445,345
Investment Income
$1,139
Other Revenue
$0
Change in Net Assets
$-14,775

Audited Revenue Reconciliation

Revenue per Audited Statements
$446,484
Total Revenue per Audited Statements
$446,484
Total Revenue per Form 990
$446,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$359,927
Salaries, Compensation, and Employee Benefits$101,332
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$115,910--$115,910
Depreciation Depletion$107,449--$107,449
Other Salaries and Wages$71,932--$71,932
Fees for Services Management-$36,816-$36,816
Other Employee Benefits$24,150--$24,150
Office Expenses$18,479--$18,479
Fees for Services Accounting-$12,757-$12,757
Payroll Taxes$5,250--$5,250
Advertising$3,314--$3,314
Conferences and Meetings$2,998--$2,998
Insurance$2,970--$2,970
Other Expenses$50--$50
Total Functional Expenses$411,686$49,573$0$461,259

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$461,259
Total Expenses per Audited Statements$461,259
Total Expenses per Form 990$461,259
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$14,905
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 sharon wilson geno asst. Sec./a dir and/or officer of voa robert gibson 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 national housing corporation 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 national services has the right to appoint or approve directors.

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 national services.

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 office of the managing agent: 1660 duke street alexandria, va 22314

Filing and Contact Details

Filer

Filer Name
Phoenix Voa Elderly Housing Inc
EIN
72-1501788
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst. Sec/treas, CFO
Phone
7033415000
Signed
2018-09-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
2001
Legal Domicile
Az
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/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$0.43$2.09$0.55$0.59$0.04
2024Summary only. Only limited summary data is available for this year.$2.56$0.44$2.13$0.55$0.61$0.06
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.44$2.19$0.54$0.62$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.80$0.53$2.27$0.53$0.53$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$0.47$2.26$0.49$0.55$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.81$0.48$2.32$0.48$0.56$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.96$0.56$2.40$0.46$0.54$0.08
2018Detailed filing. Detailed filing data is available for this year.$3.01$0.52$2.49$0.45$0.46$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$0.55$2.50$0.40$0.48$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.15$0.56$2.58$0.40$0.48$0.08
2015Detailed filing. Detailed filing data is available for this year.$3.22$0.56$2.66$0.40$0.48$0.08
2014Detailed filing. Detailed filing data is available for this year.$3.32$0.58$2.74$0.36$0.42$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.39$0.59$2.81$0.42
2012Summary only. Only limited summary data is available for this year.$3.49$0.61$2.88$0.32$0.40$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$0.65$2.94$0.40
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $1M-$5M nonprofits