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← VOLUNTEERS OF AMERICA INC

Form 990 for tax year 2022

Filed by VOLUNTEERS OF AMERICA INC.

Totals

Total revenue
$39,436
Total expenses
$40,910
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$39,436
Total assets, end of year
$115,213
Total liabilities, end of year
$52,067
Net assets or fund balances, end of year
$63,146
Program services expenses (Part IX)
$40,820
Management and general expenses
$90
Fundraising expenses
$0
Program service expenses (Part III)
$40,820

Program services were 99.8% 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.

  • 6a · Gross rents

    real property $39,436

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $39,436

  • 6d · Net rental income or loss

    total $39,436 · unrelated business $39,436

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $90 · management and general $90

  • 16 · Occupancy

    total $826 · program services $826

  • 24a · Other expenses: BAD DEBT

    total $20,564 · program services $20,564

  • 24b · Other expenses: REAL ESTATE TAXES

    total $19,430 · program services $19,430

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $145,458 · end of year $115,213

  • 4 · Accounts receivable

    beginning of year $28,739 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $546 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $3,950,000

  • 15 · Other assets

    beginning of year $3,702,736 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,230,605 · end of year $42,256

  • 23 · Secured mortgages and notes payable

    beginning of year $5,687,580 · end of year $0

  • 25 · Other liabilities

    beginning of year $844,675 · end of year $9,811

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $64,619 · end of year $63,146

Mission and programs · 2022

Mission

TO DEVELOP AND OPERATE A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

  • TO DEVELOP HOUSING FOR LOW-INCOME AND FORMERLY HOMELESS SENIOR CITIZENS.

    Expenses $40,820

As filed on the 2022 return.

Listed in Part VII

  • Myung J Lee

    PRESIDENT

    Total calculated
    $471,176
    From this org
    $0
    From related orgs
    $371,085
    Other
    $100,091
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $340,520 related
    Bonus
    $0
    Other
    $0 + $30,565 related
    Deferred
    $0 + $19,526 related
    Nontaxable benefits
    $0 + $80,565 related
    Filer's total
    $0 + $471,176 related

  • Julia Oliver

    VICE PRESIDENT

    Total calculated
    $347,290
    From this org
    $0
    From related orgs
    $262,017
    Other
    $85,273
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,072 related
    Bonus
    $0
    Other
    $0 + $42,945 related
    Deferred
    $0 + $13,553 related
    Nontaxable benefits
    $0 + $71,720 related
    Filer's total
    $0 + $347,290 related

  • Paul A Kress

    SECRETARY

    Total calculated
    $229,351
    From this org
    $0
    From related orgs
    $168,018
    Other
    $61,333
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,283 related
    Bonus
    $0
    Other
    $0 + $3,735 related
    Deferred
    $0 + $10,264 related
    Nontaxable benefits
    $0 + $51,069 related
    Filer's total
    $0 + $229,351 related

  • Michael Solana

    TREASURER

    Total calculated
    $200,195
    From this org
    $0
    From related orgs
    $161,851
    Other
    $38,344
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,881 related
    Bonus
    $0
    Other
    $0 + $4,970 related
    Deferred
    $0 + $8,910 related
    Nontaxable benefits
    $0 + $29,434 related
    Filer's total
    $0 + $200,195 related

  • Sandra Marquez

    DIRECTOR

    Total calculated
    $192,201
    From this org
    $0
    From related orgs
    $124,479
    Other
    $67,722
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $117,536 related
    Bonus
    $0
    Other
    $0 + $6,943 related
    Deferred
    $0 + $7,895 related
    Nontaxable benefits
    $0 + $59,827 related
    Filer's total
    $0 + $192,201 related

  • Adam Balasiano

    DIRECTOR

    Total calculated
    $186,883
    From this org
    $0
    From related orgs
    $155,977
    Other
    $30,906
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,054 related
    Bonus
    $0
    Other
    $0 + $4,923 related
    Deferred
    $0 + $8,665 related
    Nontaxable benefits
    $0 + $22,241 related
    Filer's total
    $0 + $186,883 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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349325018

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