Civic Intelligence

Durango Voa Elderly Housing Inc Cedar View

990 • Fiscal year 2014 • EIN 75-3093650

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 10, 2014

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

49th percentile

0.10x

Higher debt load relative to assets than 49% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

88th percentile

1.71x

Higher debt load relative to revenue than 88% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

8th percentile

-39%

Higher net margin than 8% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

98th percentile

$487,861

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 262.4% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

32nd percentile

-2.1%

Faster asset growth than 32% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

25th percentile

-6.7%

Faster revenue growth than 25% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$3,180,653

Down $69,697 (-2.1%) from 2013

Net Assets

Down

$2,861,857

Down $72,160 (-2.5%) from 2013

Liabilities

Up

$318,796

Up $2,463 (+0.8%) from 2013

Revenue

Down

$185,956

Down $13,414 (-6.7%) from 2013

Expenses

Down

$258,116

Down $6,554 (-2.5%) from 2013

Net Income

Down

-$72,160

Down $6,860 (-11%) from 2013

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: $3,374,977Liabilities 2011: $323,793Net Assets 2011: $3,051,1842011Assets 2012: $3,323,276Liabilities 2012: $323,959Net Assets 2012: $2,999,3172012Assets 2013: $3,250,350Liabilities 2013: $316,333Net Assets 2013: $2,934,0172013Assets 2014: $3,180,653Liabilities 2014: $318,796Net Assets 2014: $2,861,8572014Assets 2015: $3,111,988Liabilities 2015: $321,147Net Assets 2015: $2,790,8412015Assets 2016: $3,035,209Liabilities 2016: $326,927Net Assets 2016: $2,708,2822016Assets 2017: $2,967,295Liabilities 2017: $328,471Net Assets 2017: $2,638,8242017Assets 2018: $2,895,277Liabilities 2018: $335,126Net Assets 2018: $2,560,1512018Assets 2019: $2,830,626Liabilities 2019: $336,156Net Assets 2019: $2,494,4702019Assets 2020: $2,787,822Liabilities 2020: $349,624Net Assets 2020: $2,438,1982020Assets 2021: $2,689,061Liabilities 2021: $329,347Net Assets 2021: $2,359,7142021Assets 2022: $2,609,017Liabilities 2022: $356,131Net Assets 2022: $2,252,8862022Assets 2023: $2,590,997Liabilities 2023: $412,248Net Assets 2023: $2,178,7492023Assets 2024: $2,477,731Liabilities 2024: $418,129Net Assets 2024: $2,059,6022024Assets 2025: $2,536,836Liabilities 2025: $387,414Net Assets 2025: $2,149,4222025

Highlighted filing

2014

Assets$3,180,653
Liabilities$318,796
Net Assets$2,861,857

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $234,2112011Expenses 2012: $257,6862012Revenue 2013: $199,370Expenses 2013: $264,670Net Income 2013: -$65,3002013Revenue 2014: $185,956Expenses 2014: $258,116Net Income 2014: -$72,1602014Revenue 2015: $210,009Expenses 2015: $281,025Net Income 2015: -$71,0162015Revenue 2016: $241,114Expenses 2016: $323,673Net Income 2016: -$82,5592016Revenue 2017: $256,190Expenses 2017: $325,648Net Income 2017: -$69,4582017Revenue 2018: $264,007Expenses 2018: $342,680Net Income 2018: -$78,6732018Revenue 2019: $251,151Expenses 2019: $316,832Net Income 2019: -$65,6812019Revenue 2020: $254,575Expenses 2020: $310,847Net Income 2020: -$56,2722020Revenue 2021: $250,608Expenses 2021: $329,092Net Income 2021: -$78,4842021Revenue 2022: $210,544Expenses 2022: $317,372Net Income 2022: -$106,8282022Revenue 2023: $267,101Expenses 2023: $341,238Net Income 2023: -$74,1372023Revenue 2024: $289,395Expenses 2024: $408,542Net Income 2024: -$119,1472024Revenue 2025: $404,571Expenses 2025: $404,906Net Income 2025: -$3352025

Highlighted filing

2014

Revenue$185,956
Expenses$258,116
Net Income-$72,160
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 10, 2014
Return Version
2013v3.1
Gross Receipts
$185,956
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$3,113,688$3,028,004▼ $85,684
Prepaid Expenses and Deferred Charges$8,848$8,715▼ $133
Cash and Non-Interest-Bearing Accounts$8,697$6,657▼ $2,040
Accounts Receivable-$58-
Total Assets$3,250,350$3,180,653▼ $69,697
Other Assets Total$119,117$137,219▲ $18,102
Liabilities
Mortgage Notes Payable Secured by Investment Property$300,000$300,000→ $0
Accounts Payable and Accrued Expenses$7,540$9,539▲ $1,999
Other Liabilities$8,707$9,246▲ $539
Deferred Revenue$86$11▼ $75
Total Liabilities$316,333$318,796▲ $2,463
Net Assets / Fund Balance
Unrestricted Net Assets$2,934,017$2,861,857▼ $72,160
Total Net Assets Fund Balance$2,934,017$2,861,857▼ $72,160
Total Liabilities and Net Assets / Fund Balance$3,250,350$3,180,653▼ $69,697

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,615,160$636,853$3,252,013
Land$350,000-$350,000
Other Land Buildings$62,844$42,224$105,068
Compensation and Service Providers

Employees

NameTitleOtherTotal
Michael W KingPresident/di$487,861$487,861
Thomas D TurnbullAsst. Sec/tr$340,573$340,573
David T BowmanAsst. Sec/tr$281,374$281,374
Joseph BudzynskiAsst. Sec/tr$246,967$246,967
Nancy GavinAsst Sec/tre$212,691$212,691
Deborah PerryAsst. Sec/tr$181,587$181,587

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$184,336
Investment Income
$1,620
Other Revenue
$0
Change in Net Assets
$-72,160

Audited Revenue Reconciliation

Revenue per Audited Statements
$185,956
Total Revenue per Audited Statements
$185,956
Total Revenue per Form 990
$185,956
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$222,913
Salaries, Compensation, and Employee Benefits$35,203
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$91,668--$91,668
Occupancy$35,573--$35,573
Other Salaries and Wages$27,217--$27,217
Office Expenses$18,701--$18,701
Fees for Services Management-$17,804-$17,804
Conferences and Meetings$7,934--$7,934
Fees for Services Accounting-$7,000-$7,000
Other Employee Benefits$4,448--$4,448
Payroll Taxes$3,538--$3,538
Fees for Services Legal-$1,614-$1,614
Insurance$755--$755
Other Expenses$478--$478
All Other Expenses$437--$437
Advertising$152--$152
Total Functional Expenses$231,698$26,418$0$258,116

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$258,116
Total Expenses per Audited Statements$258,116
Total Expenses per Form 990$258,116
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$9,246
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 colorado 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; volunteers of america national services shares approval over directors with the la plata county community development corporation.

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 address below: 1660 duke street alexandria, va 22314

Filing and Contact Details

Filer

EIN
75-3093650
Phone
7033415000

Signing Officer

Name
Thomas D Turnbull
Title
Asst. Sec/treas
Phone
7033415000
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
11
Employees
0

Preparer

Preparer
William B Beale
Phone
2259263360
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER/DI
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASST SEC/TRE
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASST. SEC.
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt20KEY EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21KEY EMPLOYEE
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IRS990/FormationYr02002
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/IncludeFIN48FootnoteInd0false
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IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDES HOUSING FOR ELDERLY AND DISABLED PERSONS AND FAMILIES UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OccupancyGrp/TotalAmt035573
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IRS990/OperateHospitalInd0false
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt04448
IRS990/OtherExpensesGrp/Desc0OPERATING
IRS990/OtherExpensesGrp/Desc1ELDERLY SERVICES
IRS990/OtherExpensesGrp/Desc2MISC ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3MISC TAXES
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0151768
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01620
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0675
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0198232
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0151768
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0205819
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0198907
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0152246

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$0.39$2.15$0.40$0.40$0.00
2024Detailed filing. Detailed filing data is available for this year.$2.48$0.42$2.06$0.29$0.41$0.12
2023Detailed filing. Detailed filing data is available for this year.$2.59$0.41$2.18$0.27$0.34$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.61$0.36$2.25$0.21$0.32$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.69$0.33$2.36$0.25$0.33$0.08
2020Detailed filing. Detailed filing data is available for this year.$2.79$0.35$2.44$0.25$0.31$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.83$0.34$2.49$0.25$0.32$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.90$0.34$2.56$0.26$0.34$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.97$0.33$2.64$0.26$0.33$0.07
2016Detailed filing. Detailed filing data is available for this year.$3.04$0.33$2.71$0.24$0.32$0.08
2015Detailed filing. Detailed filing data is available for this year.$3.11$0.32$2.79$0.21$0.28$0.07
2014Detailed filing. Detailed filing data is available for this year.$3.18$0.32$2.86$0.19$0.26$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.25$0.32$2.93$0.20$0.26$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.32$3.00$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$0.32$3.05$0.23