Portland VOA Elderly Housing Inc B… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

Peter Desjardins

Phone

7033415000

Tax Period

2023-07-01 to 2024-06-30

Portland VOA Elderly Housing Inc Bayview Heights, founded in 1993, is a small nonprofit that reported $660K in total revenue in fiscal year 2023. Expenses of $751K exceeded revenue, resulting in a 14% operating deficit.

Mission

Provide housing for low income elderly persons as defined in Section 202 of the National Housing Act.

Program Service Accomplishments

Program 1

Expenses: $598,502 Revenue: $632,051

Provide housing for low income elderly persons as defined in Section 202 of the National Housing Act

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $632,051

Investment Income $4,018

Other Revenue $23,718

TOTAL REVENUE $659,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $598,502

Other Expenses $750,720

TOTAL EXPENSES $750,720

Year-over-Year Comparison

	2023	2022	Change
Revenue	$659,787	$634,309	+0.0%
Expenses	$750,720	$720,503	+0.0%
Net Income	$-90,933	$-86,194	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,236,488

Total Directors

$825,085

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Nancy Rase	Chairperson	Officer Director	$0	$0	$0
Derrick Perkins	Vice Chair	Officer Director	$0	$0	$0
Karen Erickson	Treasurer	Officer Director	$0	$0	$0
Andy Edeburn	Secretary	Officer Director	$0	$0	$0
Patti Arnold	Director/Immediate Past Chair	Officer Director	$0	$0	$0
Beth Mullen	Director	Director	$0	$0	$0
Edwina Carrington	Director	Director	$0	$0	$0
Pierre Vigilance	Director	Director	$0	$0	$0
Voris Vigee	Director	Director	$0	$0	$0
Keith Knapp	Director	Director	$0	$0	$0
Shawn Bloom	Director	Director	$0	$0	$0
Jeanne Peterson	Director	Director	$0	$0	$0
Karen Hackett	Director	Director	$0	$0	$0
Patrick Sheridan	Director	Director	$0	$0	$0
Michael W King	President	Officer Director	$0	$179,300	$825,085
Joseph A Budzynski	Asst. Treasurer/Asst. Secretary	Officer	$0	$108,473	$449,025
Kimberly B King	Asst. Treasurer/Asst. Secretary	Officer	$0	$72,836	$505,656
Peter J Desjardins	Asst. Treasurer/Asst. Secretary	Officer	$0	$40,162	$298,349
David W Paskoff	Asst. Treasurer/Asst. Secretary	Officer	$0	$17,712	$185,097
Nancy A Gavin	Asst. Secretary/Asst. Treasurer	Officer	$0	$95,108	$275,369
Faith A Nutz	Asst. Secretary/Asst. Treasurer	Officer	$0	$20,965	$159,860
David Nisivoccia	Asst. Treasurer/Asst. Secretary	Officer	$0	$4,998	$220,518
Paul F Soczynski	Asst. Treasurer/Asst. Secretary	Officer	$0	$26,987	$317,529

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$659,787	$750,720	$3,762,569	$-90,933
2023	$634,309	$720,503	$3,775,572	$-86,194
2022	$610,020	$693,036	$3,844,978	$-83,016
2021	$615,537	$709,022	$3,931,399	$-93,485
2020	$574,487	$656,982	$4,006,221	$-82,495
2019	$553,434	$662,592	$4,072,492	$-109,158

Portland VOA Elderly Housing Inc Bayview Heights