Volunteers Of America Inc
- Assets
- $5.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 74
- Location
- Eden Prairie, MN
- Founding
- 05/1965
- Data as of
- 06/2021
- EIN
- 41-1887579
Organization Overview
Volunteers Of America Inc is located in Eden Prairie, MN. The organization was established in 1965. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Volunteers Of America Inc employed 74 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Volunteers Of America Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Volunteers Of America Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOMESTEAD AT BOULDER CITY, INC. PROVIDES HEALTHCARE AND ASSISTED LIVING SERVICES IN NEVADA FOR SENIORS AND THOSE WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Turnbull Thomas D Chairperson | OfficerTrustee | 0.5 | $0 |
Moore Carol Secretary | OfficerTrustee | 0.5 | $0 |
Budzynski Joseph A Asst. Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Maher Tom Treasurer | OfficerTrustee | 0.5 | $0 |
Wilson Geno Sharon President | Officer | 0.5 | $0 |
Gavin Nancy A Asst. Secretary/treasurer | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $114,658 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,505 |
| Total Program Service Revenue | $1,347,724 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $20,457 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,504,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $939,461 |
| Pension plan accruals and contributions | $2,354 |
| Other employee benefits | $124,163 |
| Payroll taxes | $67,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,907 |
| Fees for services: Accounting | $5,334 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,323 |
| Advertising and promotion | $29,539 |
| Office expenses | $60,735 |
| Information technology | $41,427 |
| Royalties | $0 |
| Occupancy | $132,314 |
| Travel | $5,342 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $481 |
| Interest | $204,985 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $263,997 |
| Insurance | $77,859 |
| All other expenses | $20,931 |
| Total functional expenses | $2,358,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,511 |
| Savings and temporary cash investments | $15,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,042 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,574 |
| Prepaid expenses and deferred charges | $88,969 |
| Net Land, buildings, and equipment | $4,609,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $525,000 |
| Total assets | $5,264,150 |
| Accounts payable and accrued expenses | $105,990 |
| Grants payable | $0 |
| Deferred revenue | $10,533 |
| Tax-exempt bond liabilities | $2,584,464 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,659,450 |
| Total liabilities | $11,360,437 |
| Net assets without donor restrictions | -$6,096,287 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,264,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Odd Fellows Home Inc Northfield, MN | $22,867,310 | $19,456,798 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Volunteers Of America Inc Eden Prairie, MN | $8,598,450 | $19,135,120 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Bethany On 42nd Fargo, ND | $42,982,371 | $19,570,716 |
Phs Cottage Grove Inc Roseville, MN | $59,058,430 | $15,462,606 |
Evans Park Inc Elk River, MN | $42,762,027 | $16,308,522 |
Volunteers Of America Inc Eden Prairie, MN | $2,912,114 | $17,645,281 |
Carondelet Village Inc Roseville, MN | $51,351,409 | $15,659,631 |
Cedar Lake Village Inc Sioux Falls, SD | $38,142,658 | $12,975,916 |
Walker Senior Services Inc Minnetonka, MN | $9,398,482 | $5,933,474 |
Living Community Of St Joseph Minneapolis, MN | $23,852,740 | $12,020,800 |