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Nonprofiteer
← VOLUNTEERS OF AMERICA INC

Form 990 for tax year 2023

Filed by VOLUNTEERS OF AMERICA INC.

Totals

Total revenue
-$925,509
Total expenses
$670,950
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$315,389
Investment income
-$1,240,898
Other revenue
$0
Total assets, end of year
$6,730
Total liabilities, end of year
$9,456,514
Net assets or fund balances, end of year
-$9,449,784
Program services expenses (Part IX)
$654,532
Management and general expenses
$16,418
Fundraising expenses
$0
Program service expenses (Part III)
$654,532

Program services were 97.6% 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: NURSING/THERAPY

    total $314,264 · related or exempt $314,264

  • 2b · Program service revenue: OTHER

    total $1,125 · related or exempt $1,125

  • 3 · Investment income

    total $29,069 · excluded $29,069

  • 7a · Gross sales of assets other than inventory

    securities $350 · other assets $3,050,000

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $4,320,317

  • 7c · Gain or loss

    securities $350 · other assets -$1,270,317

  • 7d · Net gain or loss

    total -$1,269,967 · excluded -$1,269,967

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $81,533 · program services $81,533

  • 9 · Other employee benefits

    total $3,730 · program services $3,730

  • 10 · Payroll taxes

    total $6,707 · program services $6,707

  • 11b · Fees: legal

    total $2,063 · program services $2,063

  • 11c · Fees: accounting

    total $6,620 · program services $6,620

  • 11g · Fees: other

    total $22,382 · program services $9,990 · management and general $12,392

  • 12 · Advertising and promotion

    total $21,473 · program services $21,473

  • 13 · Office expenses

    total $24,512 · program services $24,512

  • 14 · Information technology

    total $14,838 · program services $14,838

  • 16 · Occupancy

    total $63,866 · program services $63,171 · management and general $695

  • 17 · Travel

    total $2,442 · program services $2,442

  • 20 · Interest

    total $75,958 · program services $75,765 · management and general $193

  • 22 · Depreciation, depletion and amortization

    total $201,834 · program services $200,009 · management and general $1,825

  • 23 · Insurance

    total $90,921 · program services $89,957 · management and general $964

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $32,639 · program services $32,290 · management and general $349

  • 24b · Other expenses: EQUIPMENT EXPENSES

    total $6,764 · program services $6,764

  • 24c · Other expenses: FOOD

    total $5,655 · program services $5,655

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $3,550 · program services $3,550

  • 24e · All other expenses

    total $3,463 · program services $3,463

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,285 · end of year $6,730

  • 2 · Savings and temporary cash investments

    beginning of year $15,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,359 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60,736 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $4,239,876 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 15 · Other assets

    beginning of year $525,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,733 · end of year $19,873

  • 20 · Tax-exempt bond liabilities

    beginning of year $945,783 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,219,500 · end of year $0

  • 25 · Other liabilities

    beginning of year $10,478,565 · end of year $9,436,641

  • 27 · Net assets without donor restrictions

    beginning of year -$7,853,325 · end of year -$9,449,784

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • THE HOMESTEAD AT BOULDER CITY, INC. PROVIDES HEALTHCARE AND ASSISTED LIVING SERVICES IN NEVADA FOR SENIORS AND THOSE WITH DISABILITIES.

    Expenses $654,532 · Revenue $315,389

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KING MICHAEL W

    PRESIDENT

    Total calculated
    $825,085
    From this org
    $0
    From related orgs
    $645,785
    Other
    $179,300
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $619,319 related
    Bonus
    $0 + $7,524 related
    Other
    $0 + $18,942 related
    Deferred
    $0 + $109,404 related
    Nontaxable benefits
    $0 + $69,896 related
    Filer's total
    $0 + $825,085 related

  • BUDZYNSKI JOSEPH A

    TREASURER

    Total calculated
    $449,025
    From this org
    $0
    From related orgs
    $340,552
    Other
    $108,473
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $333,083 related
    Bonus
    $0 + $3,825 related
    Other
    $0 + $3,644 related
    Deferred
    $0 + $65,057 related
    Nontaxable benefits
    $0 + $43,416 related
    Filer's total
    $0 + $449,025 related

  • KING KIMBERLY B

    SECRETARY

    Total calculated
    $505,657
    From this org
    $0
    From related orgs
    $432,820
    Other
    $72,837
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $410,462 related
    Bonus
    $0 + $20,128 related
    Other
    $0 + $2,230 related
    Deferred
    $0 + $39,669 related
    Nontaxable benefits
    $0 + $33,168 related
    Filer's total
    $0 + $505,657 related

  • NISIVOCCIA DAVID

    SECRETARY

    Total calculated
    $220,517
    From this org
    $0
    From related orgs
    $215,519
    Other
    $4,998
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,036 related
    Bonus
    $0 + $54,306 related
    Other
    $0 + $21,177 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,998 related
    Filer's total
    $0 + $220,517 related

  • TURNBULL THOMAS

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • CARRINGTONEDWINA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • EDEBURN ANDY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • MAHERTOM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • MURPHY BARBARA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • GAVIN NANCY A

    ASST. SECRETARY/ASST. TREASURER

    Total calculated
    $275,370
    From this org
    $0
    From related orgs
    $180,262
    Other
    $95,108
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,026 related
    Bonus
    $0 + $125 related
    Other
    $0 + $2,111 related
    Deferred
    $0 + $34,973 related
    Nontaxable benefits
    $0 + $60,135 related
    Filer's total
    $0 + $275,370 related

  • NUTZ FAITH A

    ASST. SECRETARY/ASST. TREASURER

    Total calculated
    $159,860
    From this org
    $0
    From related orgs
    $138,895
    Other
    $20,965
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,808 related
    Bonus
    $0 + $135 related
    Other
    $0 + $952 related
    Deferred
    $0 + $14,060 related
    Nontaxable benefits
    $0 + $6,905 related
    Filer's total
    $0 + $159,860 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

The filer's explanations (Part III)

PART I, LINE 3
THE FILING ORGANIZATION RELIED ON A RELATED ORGANIZATION, VOLUNTEERS OF AMERICA, INC., TO DETERMINE THE COMPENSATION FOR THE PRESIDENT AND CEO, OFFICERS, AND KEY EMPLOYEES. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION: 1. COMPENSATION COMMITTEE 2. COMPENSATION SURVEY OR STUDY 3. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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.

Related corporations and trusts

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

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • 1401 MEDICAL PARK DRIVE APARTMENTS LLC

    $4,278,000

    Disposition · FIXED ASSETS AND OPERATIONS · Apr 12, 2024 · LIMITED LIABILITY COMPANY

Provenance

Return type
form_990
Tax year
2023
Filed
8 April 2025
IRS schema version
2023v6.0
Source object
202531079349301133

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