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 06/2022, Volunteers Of America Inc employed 56 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 06/2022, Volunteers Of America Inc generated $918.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 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
2022
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
King Michael W President | OfficerTrustee | 1 | $0 |
Wilson Geno Sharon L Secretary | OfficerTrustee | 1 | $0 |
Budzynski Joseph A Asst. Secretary/treasurer | OfficerTrustee | 1 | $0 |
Turnbull Thomas D Chair Of The Board | OfficerTrustee | 0 | $0 |
Maher Tom Treasurer | OfficerTrustee | 0 | $0 |
Carrington Edwina Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $40,447 |
All other contributions, gifts, grants, and similar amounts not included above | $9,206 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $49,653 |
Total Program Service Revenue | $868,629 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
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 | $918,282 |
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 | $778,783 |
Pension plan accruals and contributions | $4,341 |
Other employee benefits | $70,894 |
Payroll taxes | $62,127 |
Fees for services: Management | $0 |
Fees for services: Legal | $16,700 |
Fees for services: Accounting | $6,258 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $55,336 |
Advertising and promotion | $28,904 |
Office expenses | $49,303 |
Information technology | $34,299 |
Royalties | $0 |
Occupancy | $106,298 |
Travel | $12,373 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,188 |
Interest | $149,034 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $256,416 |
Insurance | $119,429 |
All other expenses | $19,480 |
Total functional expenses | $1,992,895 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,993 |
Savings and temporary cash investments | $15,000 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $7 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $71,874 |
Net Land, buildings, and equipment | $4,422,338 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $524,972 |
Total assets | $5,037,184 |
Accounts payable and accrued expenses | $67,378 |
Grants payable | $0 |
Deferred revenue | $1,500 |
Tax-exempt bond liabilities | $1,092,624 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $1,219,500 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $9,827,082 |
Total liabilities | $12,208,084 |
Net assets without donor restrictions | -$7,170,900 |
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 | $5,037,184 |