Civic Intelligence

Durango Voa Elderly Housing Inc Cedar View

990 • Fiscal year 2020 • EIN 75-3093650

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 15, 2020

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

54th percentile

0.13x

Higher debt load relative to assets than 54% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

1.37x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

15th percentile

-22%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

99th percentile

$661,452

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 259.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

26th percentile

-1.5%

Faster asset growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

1.4%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,787,822

Down $42,804 (-1.5%) from 2019

Net Assets

Down

$2,438,198

Down $56,272 (-2.3%) from 2019

Liabilities

Up

$349,624

Up $13,468 (+4.0%) from 2019

Revenue

Up

$254,575

Up $3,424 (+1.4%) from 2019

Expenses

Down

$310,847

Down $5,985 (-1.9%) from 2019

Net Income

Up

-$56,272

Up $9,409 (+14%) from 2019

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

2020

Assets$2,787,822
Liabilities$349,624
Net Assets$2,438,198

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

2020

Revenue$254,575
Expenses$310,847
Net Income-$56,272
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 15, 2020
Return Version
2019v5.0
Gross Receipts
$254,575
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$2,604,185$2,528,511▼ $75,674
Cash and Non-Interest-Bearing Accounts$23,826$38,080▲ $14,254
Prepaid Expenses and Deferred Charges$9,211$11,342▲ $2,131
Accounts Receivable$933$2,294▲ $1,361
Total Assets$2,830,626$2,787,822▼ $42,804
Other Assets Total$192,471$207,595▲ $15,124
Liabilities
Mortgage Notes Payable Secured by Investment Property$300,000$300,000→ $0
Accounts Payable and Accrued Expenses$25,444$37,435▲ $11,991
Other Liabilities$10,205$11,514▲ $1,309
Deferred Revenue$507$675▲ $168
Total Liabilities$336,156$349,624▲ $13,468
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,372,712$3,372,712→ $0
Net Assets Without Donor Restrictions$-878,242$-934,514▼ $56,272
Total Net Assets Fund Balance$2,494,470$2,438,198▼ $56,272
Total Liabilities and Net Assets / Fund Balance$2,830,626$2,787,822▼ $42,804

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,128,182$1,125,004$3,253,186
Land$350,000-$350,000
Other Land Buildings$50,329$108,943$159,272
Other Assets Org$2,280--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sharon Wilson GenoAsst Sec/tre$431,100$431,100
Joseph a BudzynskiAsst Sec/tre$346,931$346,931
Robert GibsonAsst. Sec/tr$335,286$335,286
Kimberly B KingAsst. Sec/tr$245,982$245,982
Nancy a GavinAsst. Sec/tr$167,459$167,459
Faith NutzAsst. Sec/tr$134,549$134,549

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$252,383
Investment Income
$2,192
Other Revenue
$0
Change in Net Assets
$-56,272

Audited Revenue Reconciliation

Revenue per Audited Statements
$254,575
Total Revenue per Audited Statements
$254,575
Total Revenue per Form 990
$254,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$235,870
Salaries, Compensation, and Employee Benefits$74,977
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$89,423--$89,423
Other Salaries and Wages$59,828--$59,828
Occupancy$44,150--$44,150
Fees for Services Management-$23,094-$23,094
Office Expenses$16,553--$16,553
Other Employee Benefits$10,421--$10,421
Fees for Services Accounting-$8,434-$8,434
Payroll Taxes$4,728--$4,728
Conferences and Meetings-$4,091-$4,091
Insurance$1,190--$1,190
Fees for Services Legal-$820-$820
Advertising$353--$353
Other Expenses$128--$128
Total Functional Expenses$274,408$36,439$0$310,847

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$310,847
Total Expenses per Audited Statements$310,847
Total Expenses per Form 990$310,847
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$11,514
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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 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 faith nutz asst. Sec./a dir and/or officer of voa robin keller assistant se dir and/or officer of voa sharon wilson geno asst. Sec/a dir and/or officer of voa kimberly b. King asst. Sec/tr 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

Filer Name
Durango Voa Elderly Housing Inc
EIN
75-3093650
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst Sec/treas & CFO
Phone
7033415000
Signed
2020-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
2002
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
13
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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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.$2.54$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $1M-$5M nonprofits