Volunteers Of America Inc
- Assets
- $3.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Brunswick, ME
- Founding
- 05/1965
- Data as of
- 06/2022
- EIN
- 46-5221620
Organization Overview
Volunteers Of America Inc is located in Brunswick, ME. The organization was established in 1965. According to its NTEE Classification (P26) the organization is classified as: Volunteers of America, under the broad grouping of Human Services and related organizations. 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 $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PROVIDE HOUSING FOR LOW INCOME ELDERLY PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING FOR LOW INCOME ELDERLY PERSONS AS DEFINED IN SECTION 202 OF THE NATIONAL HOUSING ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Hooks Wayman President/ceo | OfficerTrustee | 0.1 | $0 |
Jessie Lilly CFO & Treasurer/secretary | Officer | 0.1 | $0 |
Brad Macdonald Director | Trustee | 0.1 | $0 |
Eric French Director | Trustee | 0.1 | $0 |
Courtney Pladsen Past Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,246,534 |
| Investment income | $491 |
| 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 | $1,247,025 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $65,299 |
| Fees for services: Legal | $2,187 |
| Fees for services: Accounting | $35,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,200 |
| Advertising and promotion | $783 |
| Office expenses | $18,635 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $481,065 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $514 |
| Interest | $216,585 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,111 |
| Insurance | $52,260 |
| All other expenses | $0 |
| Total functional expenses | $1,302,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,209 |
| Savings and temporary cash investments | $433,935 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $749 |
| 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 | $10,778 |
| Net Land, buildings, and equipment | $2,816,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,004 |
| Total assets | $3,478,880 |
| Accounts payable and accrued expenses | $64,358 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,220,947 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $148,847 |
| Total liabilities | $3,434,152 |
| Net assets without donor restrictions | $44,728 |
| 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 | $3,478,880 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Volunteers Of America Brunswick, ME | $11,911,991 | $12,139,266 |
Volunteers Of America Inc Brunswick, ME | $3,478,880 | $1,247,025 |
Volunteers Of America Inc Brunswick, ME | $4,107,411 | $265,212 |
Volunteers Of America Inc Brunswick, ME | $1,808,750 | $293,048 |
Volunteers Of America Inc Brunswick, ME | $410,029 | $58,145 |
Volunteers Of America Inc Brunswick, ME | $532,300 | $67,471 |
Volunteers Of America Inc Brunswick, ME | $708,067 | $22,643 |
Volunteers Of America Inc Brunswick, ME | $84,154 | $0 |