Civic Intelligence

Billings Voa Elderly Housing Inc Magic City Terraces

EIN 75-3093658 • 501(c)3 • Alexandria, VA

Profile

Provides housing to elderly and disabled persons and families under section 202 of the national housing act under an agreement with the department of hud.

Refreshing map…

1660 Duke StreetAlexandria, VA 22314
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

58th percentile

0.12x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

18th percentile

-15%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

99th percentile

$868,407

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 102.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

25th percentile

-4.0%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Revenue Growth

51st percentile

7.5%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Assets

Down

$4,695,454

Down $195,028 (-4.0%) from 2024

Liabilities

Down

$106,187

Down $68,552 (-39%) from 2024

Net Assets

Down

$4,589,267

Down $126,476 (-2.7%) from 2024

Revenue

Up

$850,107

Up $85,283 (+11%) from 2024

Expenses

Up

$976,583

Up $49,274 (+5.3%) from 2024

Net Income

Up

-$126,476

Up $36,009 (+22%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,701,254Liabilities 2011: $105,042Net Assets 2011: $6,596,2122011Assets 2012: $6,543,935Liabilities 2012: $115,797Net Assets 2012: $6,428,1382012Assets 2013: $6,369,574Liabilities 2013: $99,599Net Assets 2013: $6,269,9752013Assets 2014: $6,214,019Liabilities 2014: $106,835Net Assets 2014: $6,107,1842014Assets 2015: $6,068,554Liabilities 2015: $99,380Net Assets 2015: $5,969,1742015Assets 2016: $5,979,156Liabilities 2016: $120,086Net Assets 2016: $5,859,0702016Assets 2017: $5,841,822Liabilities 2017: $128,115Net Assets 2017: $5,713,7072017Assets 2018: $5,683,383Liabilities 2018: $136,302Net Assets 2018: $5,547,0812018Assets 2019: $5,544,053Liabilities 2019: $132,877Net Assets 2019: $5,411,1762019Assets 2020: $5,749,714Liabilities 2020: $247,147Net Assets 2020: $5,502,5672020Assets 2021: $5,510,134Liabilities 2021: $176,045Net Assets 2021: $5,334,0892021Assets 2022: $5,280,971Liabilities 2022: $150,952Net Assets 2022: $5,130,0192022Assets 2023: $5,090,845Liabilities 2023: $212,617Net Assets 2023: $4,878,2282023Assets 2024: $4,890,482Liabilities 2024: $174,739Net Assets 2024: $4,715,7432024Assets 2025: $4,695,454Liabilities 2025: $106,187Net Assets 2025: $4,589,2672025

Highlighted filing

2025

Assets$4,695,454
Liabilities$106,187
Net Assets$4,589,267

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $585,7702011Expenses 2012: $601,0092012Revenue 2013: $475,463Expenses 2013: $633,626Net Income 2013: -$158,1632013Revenue 2014: $502,296Expenses 2014: $665,087Net Income 2014: -$162,7912014Revenue 2015: $539,971Expenses 2015: $677,981Net Income 2015: -$138,0102015Revenue 2016: $598,895Expenses 2016: $729,479Net Income 2016: -$130,5842016Revenue 2017: $628,148Expenses 2017: $773,511Net Income 2017: -$145,3632017Revenue 2018: $644,987Expenses 2018: $811,613Net Income 2018: -$166,6262018Revenue 2019: $675,783Expenses 2019: $811,688Net Income 2019: -$135,9052019Revenue 2020: $908,802Expenses 2020: $817,411Net Income 2020: $91,3912020Revenue 2021: $725,349Expenses 2021: $893,827Net Income 2021: -$168,4782021Revenue 2022: $715,629Expenses 2022: $919,699Net Income 2022: -$204,0702022Revenue 2023: $735,765Expenses 2023: $987,556Net Income 2023: -$251,7912023Revenue 2024: $764,824Expenses 2024: $927,309Net Income 2024: -$162,4852024Revenue 2025: $850,107Expenses 2025: $976,583Net Income 2025: -$126,4762025

Highlighted filing

2025

Revenue$850,107
Expenses$976,583
Net Income-$126,476

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$0.11$4.59$0.85$0.98$0.13
2024Detailed filing. Detailed filing data is available for this year.$4.89$0.17$4.72$0.76$0.93$0.16
2023Detailed filing. Detailed filing data is available for this year.$5.09$0.21$4.88$0.74$0.99$0.25
2022Detailed filing. Detailed filing data is available for this year.$5.28$0.15$5.13$0.72$0.92$0.20
2021Detailed filing. Detailed filing data is available for this year.$5.51$0.18$5.33$0.73$0.89$0.17
2020Detailed filing. Detailed filing data is available for this year.$5.75$0.25$5.50$0.91$0.82$0.09
2019Detailed filing. Detailed filing data is available for this year.$5.54$0.13$5.41$0.68$0.81$0.14
2018Detailed filing. Detailed filing data is available for this year.$5.68$0.14$5.55$0.64$0.81$0.17
2017Detailed filing. Detailed filing data is available for this year.$5.84$0.13$5.71$0.63$0.77$0.15
2016Detailed filing. Detailed filing data is available for this year.$5.98$0.12$5.86$0.60$0.73$0.13
2015Detailed filing. Detailed filing data is available for this year.$6.07$0.10$5.97$0.54$0.68$0.14
2014Detailed filing. Detailed filing data is available for this year.$6.21$0.11$6.11$0.50$0.67$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.37$0.10$6.27$0.48$0.63$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.54$0.12$6.43$0.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.70$0.11$6.60$0.59
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 21, 2025
Return Version
2024v5.0
Gross Receipts
$850,107
Mission and Program Overview

Mission

Provides housing to 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$4,637,256$4,434,291▼ $202,965
Prepaid Expenses and Deferred Charges$59,869$53,249▼ $6,620
Cash and Non-Interest-Bearing Accounts$23,730$19,153▼ $4,577
Accounts Receivable$5,874$718▼ $5,156
Total Assets$4,890,482$4,695,454▼ $195,028
Other Assets Total$163,753$188,043▲ $24,290
Liabilities
Accounts Payable and Accrued Expenses$93,003$75,941▼ $17,062
Mortgage Notes Payable Secured by Investment Property$50,000--
Other Liabilities$30,272$29,482▼ $790
Deferred Revenue$1,464$764▼ $700
Total Liabilities$174,739$106,187▼ $68,552
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,269,116$7,269,116→ $0
Net Assets Without Donor Restrictions$-2,553,373$-2,679,849▼ $126,476
Total Net Assets Fund Balance$4,715,743$4,589,267▼ $126,476
Total Liabilities and Net Assets / Fund Balance$4,890,482$4,695,454▼ $195,028

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,866,288$3,378,940$7,245,228
Land$448,668-$448,668
Other Land Buildings$119,335$329,073$448,408
Compensation and Service Providers

Employees

NameTitleOtherTotal
David NisivocciaAsst. Treas/$516,603$516,603
Joseph BudzynskiAsst Treas/s$465,439$465,439
Paul SoczynskiAsst. Treas/$378,447$378,447
Peter DesjardinsAsst. Treas/$319,503$319,503
Nancy GavinAsst. Sec/tr$285,594$285,594
Kimberly KingAsst. Treas/$256,810$256,810
David PaskoffAsst. Treas/$197,896$197,896
Dejernette BeatyAsst. Treas/$193,522$193,522
Faith NutzAsst. Sec/tr$169,200$169,200

Board Members and Trustees

NameTitle
Nancy RaseChair
Michael W KingPresident
Derrick PerkinsVice Chair
Beth MullenDirector
Carmen JacksonDirector
Janet StringfellowDirector
Jeanne PetersonDirector
Keith KnappDirector
Patrick SheridanDirector
Patti ArnoldDirector
Shawn BloomDirector
Voris VigeeDirector
Walter TejadaDirector
Joseph BudzynskiAsst Treas/sec & CFO
Faith NutzAsst. Sec/treas
Nancy GavinAsst. Sec/treas
David NisivocciaAsst. Treas/sec
David PaskoffAsst. Treas/sec
Dejernette BeatyAsst. Treas/sec
Kimberly KingAsst. Treas/sec
Paul SoczynskiAsst. Treas/sec
Peter DesjardinsAsst. Treas/sec
Karen HackettSecretary
Karen EricksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$795,513
Investment Income
$4,594
Other Revenue
$50,000
Change in Net Assets
$-126,476

Audited Revenue Reconciliation

Revenue per Audited Statements
$850,107
Total Revenue per Audited Statements
$850,107
Total Revenue per Form 990
$850,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$808,140
Salaries, Compensation, and Employee Benefits$168,443
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$233,919--$233,919
Occupancy$188,415--$188,415
Other Salaries and Wages$129,096--$129,096
Fees for Services Management-$66,980-$66,980
Other Employee Benefits$29,064--$29,064
Office Expenses$22,851--$22,851
Fees for Services Accounting-$15,727-$15,727
Payroll Taxes$10,283--$10,283
Advertising$1,833--$1,833
Other Expenses$385$8,750-$385
Conferences and Meetings-$296-$296
Total Functional Expenses$884,830$91,753$0$976,583

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$976,583
Total Expenses per Audited Statements$976,583
Total Expenses per Form 990$976,583
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$29,482
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 david nisivoccia asst. Sec./a dir and/or officer of voa peter desjardins asst. Sec./a 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 kimberly b. King asst. Sec./a 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 northern rockies 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 volunteers of america national services and 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.

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
Billings Voa Elderly Housing Inc
EIN
75-3093658
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Dejernette Beaty
Title
Asst. Treas/sec
Phone
7033415000
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dejernette Beaty
Formed
2003
Legal Domicile
Mt
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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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