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Nonprofiteer
← VOLUNTEERS OF AMERICA INC

Form 990 for tax year 2024

Filed by VOLUNTEERS OF AMERICA INC.

Totals

Total revenue
$106,255
Total expenses
$80,355
Contributions and grants received
$20,396
Grants paid
$0
Program service revenue
$79,913
Investment income
$733
Other revenue
$5,213
Total assets, end of year
$481,310
Total liabilities, end of year
$78,335
Net assets or fund balances, end of year
$402,975
Program services expenses (Part IX)
$61,002
Management and general expenses
$19,353
Fundraising expenses
$0
Program service expenses (Part III)
$61,002

Program services were 75.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $20,396

  • 2a · Program service revenue: Rent Revenue

    total $79,913 · related or exempt $79,913

  • 3 · Investment income

    total $733 · excluded $733

  • 11a · Other revenue: Forgiveness of residua

    total $5,213 · excluded $5,213

  • 11e · Other revenue, total

    $5,213

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $4,824 · management and general $4,824

  • 11b · Fees: legal

    total $147 · management and general $147

  • 11c · Fees: accounting

    total $7,359 · management and general $7,359

  • 11g · Fees: other

    total $2,084 · management and general $2,084

  • 13 · Office expenses

    total $4,939 · management and general $4,939

  • 16 · Occupancy

    total $36,821 · program services $36,821

  • 22 · Depreciation, depletion and amortization

    total $19,360 · program services $19,360

  • 23 · Insurance

    total $3,464 · program services $3,464

  • 24a · Other expenses: All Other Expenses

    total $1,357 · program services $1,357

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,888 · end of year $9,265

  • 2 · Savings and temporary cash investments

    beginning of year $54,412 · end of year $31,929

  • 4 · Accounts receivable

    end of year $1,569

  • 9 · Prepaid expenses and deferred charges

    beginning of year $334 · end of year $271

  • 10a · Land, buildings and equipment: cost or other basis

    $741,741

  • 10b · Land, buildings and equipment: accumulated depreciation

    $304,888

  • 10c · Land, buildings and equipment, net

    beginning of year $334,609 · end of year $436,853

  • 15 · Other assets

    beginning of year $1,709 · end of year $1,423

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,614 · end of year $1,616

  • 24 · Unsecured notes and loans payable

    end of year $67,646

  • 25 · Other liabilities

    beginning of year $13,263 · end of year $9,073

  • 27 · Net assets without donor restrictions

    beginning of year -$174,525 · end of year -$148,625

  • 28 · Net assets with donor restrictions

    beginning of year $551,600 · end of year $551,600

Mission and programs · 2024

Mission

Low income housing for disabled persons.

Activities or mission (Part I)

Low income housing for disabled persons

  • The Organization provides housing to disabled persons under section 811 of the National Housing Act under agreement with the Department of HUD.

    Expenses $61,002 · Revenue $79,913

As filed on the 2024 return.

Listed in Part VII

  • Richard Hooks Wayman

    President/CEO

    Total calculated
    $204,538
    From this org
    $0
    From related orgs
    $123,783
    Other
    $80,755
    Hours/week
    0.1 + 42.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,783 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,350 related
    Nontaxable benefits
    $0 + $75,405 related
    Filer's total
    $0 + $204,538 related

  • Terry Baldwin

    COO

    Total calculated
    $150,762
    From this org
    $0
    From related orgs
    $133,188
    Other
    $17,574
    Hours/week
    0.1 + 42.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,188 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,523 related
    Nontaxable benefits
    $0 + $13,051 related
    Filer's total
    $0 + $150,762 related

  • Maria Cameron

    VP of Behavioral Health

    Total calculated
    $103,305
    From this org
    $0
    From related orgs
    $102,587
    Other
    $718
    Hours/week
    0.1 + 42.3 related

  • Keith Gibson

    Past CFO

    Total calculated
    $125,642
    From this org
    $0
    From related orgs
    $117,771
    Other
    $7,871
    Hours/week
    0.1 + 42.3 related

  • Eric French

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 2.5 related

  • Darrin Stairs

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • Courtney Pladsen

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 2.5 related

  • Brad MacDonald

    Past Director

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • VOANNE Bangor Senior Housing LP

    Affordable Housing · ME

  • Cabin in the Woods LP

    Affordable Housing · ME

  • Waldoboro VOANNE LP

    Affordable Housing · ME

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CIW Inc

    C · Affordable Housing · ME

  • Peaks Island VOA Condominium Corporation

    C · Affordable Housing · ME

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202533169349305808

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