Volunteers Of America Inc
- Assets
- $5.9m
- Revenue
- $734.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- Data as of
- 06/2022
- EIN
- 85-0966269
Organization Overview
Volunteers Of America Inc is located in Alexandria, VA. 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 $734.8k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $854.9k during the year ending 06/2022. 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
PROVIDES HOUSING TO ELDERLY PERSONS AND FAMILIES UNDER SECTION 221(D)(4) OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HOUSING TO ELDERLY PERSONS AND FAMILIES UNDER SECTION 221(D)(4) OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael W King President | OfficerTrustee | $0 | |
Patti Arnold Chairperson | OfficerTrustee | $0 | |
Jane Burks Treasurer | OfficerTrustee | $0 | |
Thomas Dolan Secretary | OfficerTrustee | $0 | |
Nancy Rase Vice Chair | OfficerTrustee | $0 | |
Joseph Budzynski Asst Sec/tre | Officer | $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 | $734,729 |
| Investment income | $27 |
| 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 | $734,756 |
| 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 | $54,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,464 |
| Payroll taxes | $3,696 |
| Fees for services: Management | $43,965 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,332 |
| Office expenses | $13,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $351,510 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $80,432 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,181 |
| Insurance | $3,210 |
| All other expenses | $1,300 |
| Total functional expenses | $854,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,012 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109 |
| 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 | $11,151 |
| Net Land, buildings, and equipment | $4,287,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,597,312 |
| Total assets | $5,920,931 |
| Accounts payable and accrued expenses | $281,118 |
| Grants payable | $0 |
| Deferred revenue | $166 |
| 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 | $6,924,102 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $91,623 |
| Total liabilities | $7,297,009 |
| Net assets without donor restrictions | -$1,376,078 |
| 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 | $5,920,931 |
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