CAMDEN COUNTY VOA ELDERLY HOUSING FOUNDATION INC (LINDENWOLD TOWERS

EIN: 222359486 501(c)(3) Housing & Shelter

ALEXANDRIA, VA

Total Revenue
$1,477,123
Total Expenses
$1,306,798
Total Assets
$3,315,722
Net Assets
$-1,436,127
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NJ
Principal Officer
PETER DESJARDINS
Phone
7033415000
Tax Period
2023-07-01 to 2024-06-30

CAMDEN COUNTY VOA ELDERLY HOUSING FOUNDATION INC (LINDENWOLD TOWERS, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2018. Expenses of $1.3M left a modest 3% surplus.

Mission

PROVIDES HOUSING TO ELDERLY AND DISABLED PERSONS AND FAMILIES UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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 $1,476,285
Investment Income $838
Other Revenue $0
TOTAL REVENUE $1,477,123

Expense Breakdown

Grants Paid $0
Salaries & Benefits $207,829
Fundraising Expenses $0
Program Expenses $1,213,438
Other Expenses $1,098,969
TOTAL EXPENSES $1,306,798

Year-over-Year Comparison

2023 2022 Change
Revenue $1,477,123 $1,442,496 +0.0%
Expenses $1,306,798 $1,430,823 -0.1%
Net Income $170,325 $11,673 +13.6%
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
13
Employees
N/A
Volunteers
N/A

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
13
$3,236,490
Total Directors
15
$825,085
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL W KING PRESIDENT N/A
Officer Director
$0 $179,300 $825,085
KIMBERLY KING ASST. SEC/TR N/A
Officer
$0 $72,837 $505,657
JOSEPH BUDZYNSKI ASST SEC/TRE N/A
Officer
$0 $108,473 $449,025
PAUL SOCZYNSKI ASST. SEC/TR N/A
Officer
$0 $26,987 $317,529
PETER DESJARDINS ASST. SEC/TR N/A
Officer
$0 $40,162 $298,349
NANCY GAVIN ASST. SEC/TR N/A
Officer
$0 $95,108 $275,370
DAVID NISIVOCCIA ASST. SEC/TR N/A
Officer
$0 $4,998 $220,517
DAVID PASKOFF ASST. SEC/TR N/A
Officer
$0 $17,712 $185,098
FAITH NUTZ ASST. SEC/TR N/A
Officer
$0 $20,965 $159,860
PATTI ARNOLD DIRECTOR/IMM N/A
Director
$0 $0 $0
SHAWN BLOOM DIRECTOR N/A
Director
$0 $0 $0
EDWINA CARRINGTON DIRECTOR N/A
Director
$0 $0 $0
ANDY EDEBURN SECRETARY N/A
Officer Director
$0 $0 $0
KAREN ERICKSON TREASURER N/A
Officer Director
$0 $0 $0
KAREN HACKETT DIRECTOR N/A
Director
$0 $0 $0
KEITH KNAPP DIRECTOR N/A
Director
$0 $0 $0
BETH MULLEN DIRECTOR N/A
Director
$0 $0 $0
DERRICK PERKINS VICE CHAIR N/A
Officer Director
$0 $0 $0
JEANNE PETERSEN DIRECTOR N/A
Director
$0 $0 $0
NANCY RASE CHAIRPERSON N/A
Officer Director
$0 $0 $0
PATRICK SHERIDAN DIRECTOR N/A
Director
$0 $0 $0
VORIS VIGEE DIRECTOR N/A
Director
$0 $0 $0
PIERRE VIGILANCE DIRECTOR N/A
Director
$0 $0 $0
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 $1,477,123 $1,306,798 $3,315,722 $170,325
2023 $1,442,496 $1,430,823 $3,271,202 $11,673
2022 $1,375,037 $1,391,850 $3,405,905 $-16,813
2021 $1,330,793 $1,342,143 $3,564,029 $-11,350
2020 $1,307,202 $1,552,669 $3,655,478 $-245,467
2019 $1,317,017 $1,273,431 $3,763,151 $43,586
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