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Nonprofiteer
← VOLUNTEERS OF AMERICA INC

Form 990 for tax year 2023

Filed by VOLUNTEERS OF AMERICA INC.

Totals

Total revenue
$69,783
Total expenses
$82,374
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$69,749
Investment income
$34
Other revenue
$0
Total assets, end of year
$557,346
Total liabilities, end of year
$68,596
Net assets or fund balances, end of year
$488,750
Program services expenses (Part IX)
$64,492
Management and general expenses
$17,882
Fundraising expenses
$0
Program service expenses (Part III)
$64,492

Program services were 78.3% 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.

  • 2a · Program service revenue: Tenant Rent

    total $69,749 · related or exempt $69,749

  • 3 · Investment income

    total $34 · excluded $34

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

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

  • 11b · Fees: legal

    total $70 · management and general $70

  • 11c · Fees: accounting

    total $7,363 · management and general $7,363

  • 11g · Fees: other

    total $841 · management and general $841

  • 13 · Office expenses

    total $4,471 · management and general $4,471

  • 16 · Occupancy

    total $31,008 · program services $31,008

  • 22 · Depreciation, depletion and amortization

    total $23,309 · program services $23,309

  • 23 · Insurance

    total $4,161 · program services $4,161

  • 24a · Other expenses: Miscellaneous Expenses

    total $6,327 · program services $6,014 · management and general $313

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,952 · end of year $6,327

  • 2 · Savings and temporary cash investments

    beginning of year $67,090 · end of year $62,801

  • 4 · Accounts receivable

    beginning of year $14 · end of year $692

  • 9 · Prepaid expenses and deferred charges

    beginning of year $437 · end of year $432

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

    $865,914

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

    $379,951

  • 10c · Land, buildings and equipment, net

    beginning of year $472,667 · end of year $485,963

  • 15 · Other assets

    beginning of year $1,164 · end of year $1,131

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,779 · end of year $11,286

  • 19 · Deferred revenue

    beginning of year $878 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $24,506 · end of year $55,936

  • 25 · Other liabilities

    beginning of year $8,820 · end of year $1,374

  • 27 · Net assets without donor restrictions

    beginning of year -$151,959 · end of year -$164,550

  • 28 · Net assets with donor restrictions

    beginning of year $653,300 · end of year $653,300

Mission and programs · 2023

Mission

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 $64,492 · Revenue $69,749

As filed on the 2023 return.

Listed in Part VII

  • Richard Hooks Wayman

    President/CEO

    Total calculated
    $215,480
    From this org
    $0
    From related orgs
    $118,626
    Other
    $96,854
    Hours/week
    0.1 + 42.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $118,626 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,000 related
    Nontaxable benefits
    $0 + $72,854 related
    Filer's total
    $0 + $215,480 related

  • Brad MacDonald

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 2.4 related

  • Eric French

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 2.4 related

  • Courtney Pladsen

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • Terry Baldwin

    COO

    Total calculated
    $143,236
    From this org
    $0
    From related orgs
    $130,862
    Other
    $12,374
    Hours/week
    0.1 + 42.3 related

  • Keith Gibson

    CFO & Treasurer/Secretary

    Total calculated
    $12,499
    From this org
    $0
    From related orgs
    $12,499
    Other
    $0
    Hours/week
    0.1 + 42.3 related

  • Pamela Zagorski

    Past CFO & Treasurer/Secretary

    Total calculated
    $24,195
    From this org
    $0
    From related orgs
    $24,195
    Other
    $0
    Hours/week
    0.1 + 42.3 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

Related corporations and trusts

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

  • Peaks Island VOA Condominium Corporation

    C · Affordable Housing · ME

  • CIW Inc

    C · Affordable Housing · ME

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202403099349302255

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