Civic Intelligence

Dallas Voa Elderly Housing Inc Prairie Creek Village

990 • Fiscal year 2017 • EIN 75-1766997

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 28, 2017

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

94th percentile

1.18x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

5.33x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

98th percentile

$538,642

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 59.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

16th percentile

-6.7%

Faster asset growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

3.6%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$4,071,220

Down $290,992 (-6.7%) from 2016

Net Assets

Down

-$725,122

Down $89,940 (-14%) from 2016

Liabilities

Down

$4,796,342

Down $201,052 (-4.0%) from 2016

Revenue

Up

$899,258

Up $31,579 (+3.6%) from 2016

Expenses

Up

$989,198

Up $6,119 (+0.6%) from 2016

Net Income

Up

-$89,940

Up $25,460 (+22%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $2,424,103Liabilities 2011: $2,979,154Net Assets 2011: -$555,0512011Assets 2012: $2,372,367Liabilities 2012: $2,891,887Net Assets 2012: -$519,5202012Assets 2013: $2,265,251Liabilities 2013: $2,775,623Net Assets 2013: -$510,3722013Assets 2014: $4,923,396Liabilities 2014: $5,412,488Net Assets 2014: -$489,0922014Assets 2015: $4,516,730Liabilities 2015: $5,036,512Net Assets 2015: -$519,7822015Assets 2016: $4,362,212Liabilities 2016: $4,997,394Net Assets 2016: -$635,1822016Assets 2017: $4,071,220Liabilities 2017: $4,796,342Net Assets 2017: -$725,1222017Assets 2018: $3,935,554Liabilities 2018: $4,677,562Net Assets 2018: -$742,0082018Assets 2019: $4,067,194Liabilities 2019: $4,657,225Net Assets 2019: -$590,0312019Assets 2020: $4,005,587Liabilities 2020: $4,615,129Net Assets 2020: -$609,5422020Assets 2021: $3,798,819Liabilities 2021: $4,467,747Net Assets 2021: -$668,9282021Assets 2022: $3,660,073Liabilities 2022: $4,364,595Net Assets 2022: -$704,5222022Assets 2023: $3,538,162Liabilities 2023: $4,335,636Net Assets 2023: -$797,4742023Assets 2024: $3,357,659Liabilities 2024: $4,223,900Net Assets 2024: -$866,2412024Assets 2025: $3,278,471Liabilities 2025: $4,148,034Net Assets 2025: -$869,5632025

Highlighted filing

2017

Assets$4,071,220
Liabilities$4,796,342
Net Assets-$725,122

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $884,3992011Expenses 2012: $878,2712012Expenses 2013: $904,9082013Revenue 2014: $919,545Expenses 2014: $898,265Net Income 2014: $21,2802014Revenue 2015: $915,158Expenses 2015: $945,848Net Income 2015: -$30,6902015Revenue 2016: $867,679Expenses 2016: $983,079Net Income 2016: -$115,4002016Revenue 2017: $899,258Expenses 2017: $989,198Net Income 2017: -$89,9402017Revenue 2018: $988,737Expenses 2018: $1,005,623Net Income 2018: -$16,8862018Revenue 2019: $1,156,482Expenses 2019: $1,004,505Net Income 2019: $151,9772019Revenue 2020: $1,052,877Expenses 2020: $1,072,388Net Income 2020: -$19,5112020Revenue 2021: $1,026,457Expenses 2021: $1,085,843Net Income 2021: -$59,3862021Revenue 2022: $1,054,953Expenses 2022: $1,090,547Net Income 2022: -$35,5942022Revenue 2023: $1,047,520Expenses 2023: $1,140,472Net Income 2023: -$92,9522023Revenue 2024: $1,124,138Expenses 2024: $1,192,905Net Income 2024: -$68,7672024Revenue 2025: $1,133,915Expenses 2025: $1,137,237Net Income 2025: -$3,3222025

Highlighted filing

2017

Revenue$899,258
Expenses$989,198
Net Income-$89,940
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 28, 2017
Return Version
2016v3.0
Gross Receipts
$899,258
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$3,557,335$3,390,532▼ $166,803
Intangible Assets$154,729--
Prepaid Expenses and Deferred Charges$43,537$43,109▼ $428
Cash and Non-Interest-Bearing Accounts$83,196$35,295▼ $47,901
Accounts Receivable$9,839$7,459▼ $2,380
Total Assets$4,362,212$4,071,220▼ $290,992
Other Assets Total$513,576$594,825▲ $81,249
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,904,957$4,678,387▼ $226,570
Accounts Payable and Accrued Expenses$62,828$88,766▲ $25,938
Other Liabilities$22,567$22,610▲ $43
Deferred Revenue$7,042$6,579▼ $463
Total Liabilities$4,997,394$4,796,342▼ $201,052
Net Assets / Fund Balance
Unrestricted Net Assets$-635,182$-725,122▼ $89,940
Total Net Assets Fund Balance$-635,182$-725,122▼ $89,940
Total Liabilities and Net Assets / Fund Balance$4,362,212$4,071,220▼ $290,992

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,981,252$3,666,531$6,647,783
Other Land Buildings$64,187$295,489$359,676
Land$309,615-$309,615
Equipment$20,743$90,242$110,985
Leasehold Improvements$14,735$80,635$95,370
Other Assets Org$500--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Thomas D TurnbullAsst. Sec/tr$430,765$430,765
Joseph a BudzynskiAsst. Sec/tr$295,181$295,181
Nancy GavinAsst. Sec/tr$212,905$212,905
Deborah PerryAsst. Sec/tr$187,200$187,200

Board Members and Trustees

NameTitle
Jane BurksBoard Chair
Michael W KingPresident
C David KikumotoVice Chairma
Andy EdeburnDirector
James LeblancDirector
Karen DaleDirector
Keith KnappDirector
Michael SullivanDirector
Nancy RaseDirector
Patti ArnoldDirector
Stephen WakefieldDirector
Wilfred N Cooper SrDirector
Patrick SheridanAsst. Sec.
Robin KellerAsst. Sec.
Deborah PerryAsst. Sec/treas
Nancy GavinAsst. Sec/treas
Thomas D TurnbullAsst. Sec/treas
Joseph a BudzynskiAsst. Sec/treas, CFO
Robert D GibsonKey Employee
Wayne C OlsonKey Employee
Edwina CarringtonSecretary
Carol MooreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$898,651
Investment Income
$607
Other Revenue
$0
Change in Net Assets
$-89,940

Audited Revenue Reconciliation

Revenue per Audited Statements
$899,258
Total Revenue per Audited Statements
$899,258
Total Revenue per Form 990
$899,258
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$820,374
Salaries, Compensation, and Employee Benefits$168,824
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$316,011--$316,011
Depreciation Depletion$229,923--$229,923
Other Salaries and Wages$136,965--$136,965
Fees for Services Management-$55,596-$55,596
Office Expenses$24,981--$24,981
Other Employee Benefits$22,110--$22,110
Fees for Services Accounting-$18,015-$18,015
Payroll Taxes$9,749--$9,749
Advertising$4,047--$4,047
Conferences and Meetings$3,871--$3,871
Insurance$2,322--$2,322
Other Expenses$1,488--$1,488
Fees for Services Legal-$517-$517
Total Functional Expenses$915,070$74,128$0$989,198

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$989,198
Total Expenses per Audited Statements$989,198
Total Expenses per Form 990$989,198
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$22,610
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
Yes
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 director 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 texas, 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 4

The organization amended its bylaws to include provisions required by and related to project financing through the us department of housing and urban development.

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
Dallas Voa Elderly Housing Inc
EIN
75-1766997
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst. Sec/treas, CFO
Phone
7033415000
Signed
2017-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
1981
Legal Domicile
TX
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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASST. SEC/TR
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IRS990ScheduleD/EquipmentGrp/BookValueAmt020743
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090242
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0295489

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$4.15$0.87$1.13$1.14$0.00
2024Summary only. Only limited summary data is available for this year.$3.36$4.22$0.87$1.12$1.19$0.07
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$4.34$0.80$1.05$1.14$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.66$4.36$0.70$1.05$1.09$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.80$4.47$0.67$1.03$1.09$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.01$4.62$0.61$1.05$1.07$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.07$4.66$0.59$1.16$1.00$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$4.68$0.74$0.99$1.01$0.02
2017Detailed filing. Detailed filing data is available for this year.$4.07$4.80$0.73$0.90$0.99$0.09
2016Detailed filing. Detailed filing data is available for this year.$4.36$5.00$0.64$0.87$0.98$0.12
2015Detailed filing. Detailed filing data is available for this year.$4.52$5.04$0.52$0.92$0.95$0.03
2014Detailed filing. Detailed filing data is available for this year.$4.92$5.41$0.49$0.92$0.90$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$2.78$0.51$0.90
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$2.89$0.52$0.88
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$2.98$0.56$0.88
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits