Belfast VOA Elderly Housing Inc Edward J Reynolds House

EIN: 061572901 501(c)(3)

Alexandria, VA

Total Revenue
$357,600
Total Expenses
$424,418
Total Assets
$1,937,870
Net Assets
$1,831,654
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
ME
Principal Officer
Peter Desjardins
Phone
7033415000
Tax Period
2023-07-01 to 2024-06-30

Belfast VOA Elderly Housing Inc Edward J Reynolds House, founded in 2000, is a small nonprofit that reported $304K in total revenue in fiscal year 2018. Expenses of $384K exceeded revenue, resulting in a 26% operating deficit.

Mission

Provide housing for low income elderly persons under section 202 of the National Housing Act

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $356,160
Investment Income $1,440
Other Revenue $0
TOTAL REVENUE $357,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $335,957
Other Expenses $424,418
TOTAL EXPENSES $424,418

Year-over-Year Comparison

2023 2022 Change
Revenue $357,600 $340,326 +0.1%
Expenses $424,418 $424,500 0.0%
Net Income $-66,818 $-84,174 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
15
Independent Members
14
Employees
N/A
Volunteers
14

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
14
$3,236,488
Total Directors
15
$825,085
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nancy Rase Chairperson 0.00
Officer Director
$0 $0 $0
Derrick Perkins Vice Chair 0.00
Officer Director
$0 $0 $0
Karen Erickson Treasurer 0.00
Officer Director
$0 $0 $0
Andy Edeburn Secretary 0.00
Officer Director
$0 $0 $0
Patti Arnold Director/Immediate Past Chair 0.00
Officer Director
$0 $0 $0
Beth Mullen Director 0.00
Director
$0 $0 $0
Edwina Carrington Director 0.00
Director
$0 $0 $0
Pierre Vigilance Director 0.00
Director
$0 $0 $0
Voris Vigee Director 0.00
Director
$0 $0 $0
Keith Knapp Director 0.00
Director
$0 $0 $0
Shawn Bloom Director 0.00
Director
$0 $0 $0
Jeanne Peterson Director 0.00
Director
$0 $0 $0
Karen Hackett Director 0.00
Director
$0 $0 $0
Patrick Sheridan Director 0.00
Director
$0 $0 $0
Michael W King President 0.00
Officer Director
$0 $179,300 $825,085
Joseph A Budzynski Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $108,473 $449,025
Kimberly B King Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $72,836 $505,656
Peter J Desjardins Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $40,162 $298,349
David W Paskoff Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $17,712 $185,097
Nancy A Gavin Asst. Secretary/Asst. Treasurer 0.00
Officer
$0 $95,108 $275,369
Faith A Nutz Asst. Secretary/Asst. Treasurer 0.00
Officer
$0 $20,965 $159,860
David Nisivoccia Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $4,998 $220,518
Paul F Soczynski Asst. Treasurer/Asst. Secretary 0.00
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 $357,600 $424,418 $1,937,870 $-66,818
2023 $340,326 $424,500 $2,014,458 $-84,174
2022 $318,973 $388,959 $2,082,839 $-69,986
2021 $307,519 $405,370 $2,166,295 $-97,851
2020 $304,537 $377,463 $2,265,217 $-72,926
2019 $304,416 $384,123 $2,335,285 $-79,707
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