Civic Intelligence

Texas Voa Elderly Housing Inc Harvestwood

990 • Fiscal year 2020 • EIN 76-0196608

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 22, 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

92nd percentile

0.95x

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

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

Liabilities / Revenue

97th percentile

7.14x

Higher debt load relative to revenue than 97% of similar nonprofits.

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

Net Margin

27th percentile

-6.3%

Higher net margin than 27% 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 106.2% of source-year revenue.

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

Asset Growth

25th percentile

-1.7%

Faster asset growth than 25% of similar nonprofits.

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

Revenue Growth

51st percentile

1.3%

Faster revenue growth than 51% of similar nonprofits.

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

Assets

Down

$4,693,824

Down $82,687 (-1.7%) from 2019

Net Assets

Down

$247,178

Down $39,302 (-14%) from 2019

Liabilities

Down

$4,446,646

Down $43,385 (-1.0%) from 2019

Revenue

Up

$622,807

Up $8,223 (+1.3%) from 2019

Expenses

Up

$662,109

Up $59,218 (+9.8%) from 2019

Net Income

Down

-$39,302

Down $50,995 (-436%) from 2019

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

2020

Assets$4,693,824
Liabilities$4,446,646
Net Assets$247,178

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

2020

Revenue$622,807
Expenses$662,109
Net Income-$39,302
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 22, 2020
Return Version
2019v5.0
Gross Receipts
$622,807
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$955,503$3,810,064▲ $2,854,561
Cash and Non-Interest-Bearing Accounts$71,790$75,942▲ $4,152
Prepaid Expenses and Deferred Charges$20,280$25,442▲ $5,162
Accounts Receivable$87$42▼ $45
Total Assets$4,776,511$4,693,824▼ $82,687
Other Assets Total$3,728,851$782,334▼ $2,946,517
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,144,117$4,070,890▼ $73,227
Accounts Payable and Accrued Expenses$324,307$355,029▲ $30,722
Other Liabilities$21,525$20,569▼ $956
Deferred Revenue$82$158▲ $76
Total Liabilities$4,490,031$4,446,646▼ $43,385
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$286,480$247,178▼ $39,302
Total Net Assets Fund Balance$286,480$247,178▼ $39,302
Total Liabilities and Net Assets / Fund Balance$4,776,511$4,693,824▼ $82,687

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,244,306$2,251,250$5,495,556
Land$393,345-$393,345
Other Land Buildings$151,723$216,833$368,556
Equipment$20,690$33,397$54,087
Other Assets Org$782,334--
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

Highest Paid Contractors

ContractorServicesLocationCompensation
Volunteers Of America Texas INCMgmt, P/r, Acct300 E MIDWAY ROAD, Euless, TX 76039$189,170
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$619,171
Investment Income
$3,636
Other Revenue
$0
Change in Net Assets
$-39,302

Audited Revenue Reconciliation

Revenue per Audited Statements
$622,807
Total Revenue per Audited Statements
$622,807
Total Revenue per Form 990
$622,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$517,207
Salaries, Compensation, and Employee Benefits$144,902
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$225,871--$225,871
Depreciation Depletion$139,965--$139,965
Other Salaries and Wages$102,656--$102,656
Other Employee Benefits$34,808--$34,808
Fees for Services Management-$32,716-$32,716
Office Expenses$19,487--$19,487
Fees for Services Accounting-$18,789-$18,789
Payroll Taxes$7,438--$7,438
Advertising$2,575--$2,575
Insurance$852--$852
Conferences and Meetings-$290-$290
Other Expenses$148$900-$148
Total Functional Expenses$609,414$52,695$0$662,109

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$662,109
Total Expenses per Audited Statements$662,109
Total Expenses per Form 990$662,109
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$20,569
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/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 voa 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 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
Texas Voa Elderly Housing Inc
EIN
76-0196608
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Joseph a Budzynski
Title
Asst Sec/treas & CFO
Phone
7033415000
Signed
2020-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Budzynski
Formed
1982
Legal Domicile
TX
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.$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
2020Detailed filing. Detailed filing data is available for this year.$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. 2020 filings • 501(c)3 • $1M-$5M nonprofits