Civic Intelligence

Texas Voa Elderly Housing Inc Harvestwood

990 • Fiscal year 2014 • EIN 76-0196608

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

1660 Duke Street22314

(703) 341-5000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.91x

Higher debt load relative to assets than 89% of similar nonprofits.

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

Liabilities / Revenue

92nd percentile

2.95x

Higher debt load relative to revenue than 92% of similar nonprofits.

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

Net Margin

22nd percentile

-8.7%

Higher net margin than 22% 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 82.1% of source-year revenue.

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

Asset Growth

17th percentile

-6.1%

Faster asset growth than 17% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$1,928,014

Down $124,930 (-6.1%) from 2013

Net Assets

Down

$176,735

Down $51,826 (-23%) from 2013

Liabilities

Down

$1,751,279

Down $73,104 (-4.0%) from 2013

Revenue

$594,087

No earlier filing loaded for comparison.

Expenses

Down

$645,913

Down $30,565 (-4.5%) from 2013

Net Income

-$51,826

No earlier filing loaded for comparison.

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: $2,336,911Liabilities 2011: $1,942,598Net Assets 2011: $394,3132011Assets 2012: $2,225,795Liabilities 2012: $1,905,590Net Assets 2012: $320,2052012Assets 2013: $2,052,944Liabilities 2013: $1,824,383Net Assets 2013: $228,5612013Assets 2014: $1,928,014Liabilities 2014: $1,751,279Net Assets 2014: $176,7352014Assets 2015: $1,847,141Liabilities 2015: $1,693,214Net Assets 2015: $153,9272015Assets 2016: $1,810,270Liabilities 2016: $1,645,702Net Assets 2016: $164,5682016Assets 2017: $1,763,623Liabilities 2017: $1,559,908Net Assets 2017: $203,7152017Assets 2018: $1,704,210Liabilities 2018: $1,429,423Net Assets 2018: $274,7872018Assets 2019: $4,776,511Liabilities 2019: $4,490,031Net Assets 2019: $286,4802019Assets 2020: $4,693,824Liabilities 2020: $4,446,646Net Assets 2020: $247,1782020Assets 2021: $4,391,098Liabilities 2021: $4,307,693Net Assets 2021: $83,4052021Assets 2022: $4,207,035Liabilities 2022: $4,306,450Net Assets 2022: -$99,4152022Assets 2023: $4,056,802Liabilities 2023: $4,329,338Net Assets 2023: -$272,5362023Assets 2024: $3,887,280Liabilities 2024: $4,346,135Net Assets 2024: -$458,8552024Assets 2025: $3,859,689Liabilities 2025: $4,526,421Net Assets 2025: -$666,7322025

Highlighted filing

2014

Assets$1,928,014
Liabilities$1,751,279
Net Assets$176,735

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $632,7592011Expenses 2012: $648,6892012Expenses 2013: $676,4782013Revenue 2014: $594,087Expenses 2014: $645,913Net Income 2014: -$51,8262014Revenue 2015: $595,922Expenses 2015: $618,730Net Income 2015: -$22,8082015Revenue 2016: $612,473Expenses 2016: $601,832Net Income 2016: $10,6412016Revenue 2017: $626,189Expenses 2017: $587,042Net Income 2017: $39,1472017Revenue 2018: $631,959Expenses 2018: $560,887Net Income 2018: $71,0722018Revenue 2019: $614,584Expenses 2019: $602,891Net Income 2019: $11,6932019Revenue 2020: $622,807Expenses 2020: $662,109Net Income 2020: -$39,3022020Revenue 2021: $629,611Expenses 2021: $793,384Net Income 2021: -$163,7732021Revenue 2022: $617,895Expenses 2022: $800,715Net Income 2022: -$182,8202022Revenue 2023: $653,202Expenses 2023: $826,323Net Income 2023: -$173,1212023Revenue 2024: $670,136Expenses 2024: $856,455Net Income 2024: -$186,3192024Revenue 2025: $624,269Expenses 2025: $832,146Net Income 2025: -$207,8772025

Highlighted filing

2014

Revenue$594,087
Expenses$645,913
Net Income-$51,826
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 10, 2014
Return Version
2013v3.1
Gross Receipts
$594,087
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$1,476,576$1,370,618▼ $105,958
Cash and Non-Interest-Bearing Accounts$15,501$18,696▲ $3,195
Prepaid Expenses and Deferred Charges$13,630$13,561▼ $69
Accounts Receivable-$36-
Total Assets$2,052,944$1,928,014▼ $124,930
Other Assets Total$547,237$525,103▼ $22,134
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,763,733$1,693,280▼ $70,453
Accounts Payable and Accrued Expenses$40,131$36,020▼ $4,111
Other Liabilities$20,518$21,979▲ $1,461
Deferred Revenue$1--
Total Liabilities$1,824,383$1,751,279▼ $73,104
Net Assets / Fund Balance
Unrestricted Net Assets$228,561$176,735▼ $51,826
Total Net Assets Fund Balance$228,561$176,735▼ $51,826
Total Liabilities and Net Assets / Fund Balance$2,052,944$1,928,014▼ $124,930

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$866,936$1,746,260$2,613,196
Land$393,345-$393,345
Other Land Buildings$106,689$225,675$332,364
Equipment$3,648$41,318$44,966
Other Assets Org$525,103--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Thomas D TurnbullAsst. Sec/tr$340,573$340,573
David T BowmanAsst. Sec/as$281,374$281,374
Joseph a BudzynskiAsst Sec/tre$246,967$246,967
Nancy GavinAsst. Sec/as$212,691$212,691
Deborah PerryAsst. Sec/tr$181,587$181,587

Board Members and Trustees

NameTitle
C David KikumotoBoard Chair
Michael W KingPresident
Shawn M BloomBoard Vice C
Ann SchnareDirector
Carlos MaeseDirector
John MorlandDirector
Karen DaleDirector
Michael SpilaneDirector
Michael SullivanDirector
Stephen WakefieldDirector
Wilfred N Cooper SrDirector
Joseph a BudzynskiAsst Sec/treas, CFO
Patrick SheridanAsst. Sec.
Robin KellerAsst. Sec.
David T BowmanAsst. Sec/asst Treas
Nancy GavinAsst. Sec/asst Treas
Deborah PerryAsst. Sec/treas
Thomas D TurnbullAsst. Sec/treas
Robert D GibsonKey Employee
Wayne C OlsonKey Employee
Carol MooreSecretary
Nancy J FeldmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Volunteers Of America Texas INCMgmt, P/r, Acct-$183,595
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$588,396
Investment Income
$5,691
Other Revenue
$0
Change in Net Assets
$-51,826

Audited Revenue Reconciliation

Revenue per Audited Statements
$594,087
Total Revenue per Audited Statements
$594,087
Total Revenue per Form 990
$594,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$503,868
Salaries, Compensation, and Employee Benefits$142,045
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$216,750--$216,750
Other Salaries and Wages$122,339--$122,339
Depreciation Depletion$116,633--$116,633
Fees for Services Management-$28,092-$28,092
Office Expenses$15,769--$15,769
Fees for Services Accounting-$11,041-$11,041
Other Employee Benefits$10,471--$10,471
Payroll Taxes$9,235--$9,235
Advertising$3,544--$3,544
Conferences and Meetings$3,544--$3,544
Fees for Services Legal-$3,247-$3,247
Insurance$2,826--$2,826
Other Expenses$600--$600
All Other Expenses$20--$20
Total Functional Expenses$603,533$42,380$0$645,913

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$645,913
Total Expenses per Audited Statements$645,913
Total Expenses per Form 990$645,913
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$21,979
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 voa oklahoma 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, 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

EIN
76-0196608
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

Principal Officer
Same as C Above
Formed
1982
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
11
Employees
0

Preparer

Preparer
William B Beale
Phone
2259263360
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASST. SEC/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASST SEC/TRE
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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.$3.86$4.53$0.67$0.62$0.83$0.21
2024Summary only. Only limited summary data is available for this year.$3.89$4.35$0.46$0.67$0.86$0.19
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.06$4.33$0.27$0.65$0.83$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.21$4.31$0.10$0.62$0.80$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.39$4.31$0.08$0.63$0.79$0.16
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.69$4.45$0.25$0.62$0.66$0.04
2019Summary only. Only limited summary data is available for this year.$4.78$4.49$0.29$0.61$0.60$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$1.43$0.27$0.63$0.56$0.07
2017Summary only. Only limited summary data is available for this year.$1.76$1.56$0.20$0.63$0.59$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.81$1.65$0.16$0.61$0.60$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.85$1.69$0.15$0.60$0.62$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.93$1.75$0.18$0.59$0.65$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$1.82$0.23$0.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$1.91$0.32$0.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$1.94$0.39$0.63
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits