DURHAM VOLUNTEERS OF AMERICA ELDERL EMERSON WOODS

EIN: 264546994 501(c)(3)

ALEXANDRIA, VA

Total Revenue
$466,575
Total Expenses
$494,896
Total Assets
$5,392,838
Net Assets
$5,324,230
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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
2009
Legal Domicile
NC
Principal Officer
PETER DESJARDINS
Phone
7033415000
Tax Period
2023-07-01 to 2024-06-30

DURHAM VOLUNTEERS OF AMERICA ELDERL EMERSON WOODS, founded in 2009, is a small nonprofit that reported $467K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $5.3M represent 137 months of operating reserves.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $442,149 Revenue: $387,659

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

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $387,659
Investment Income $78,916
Other Revenue $0
TOTAL REVENUE $466,575

Expense Breakdown

Grants Paid $0
Salaries & Benefits $128,078
Fundraising Expenses $0
Program Expenses $442,149
Other Expenses $366,818
TOTAL EXPENSES $494,896

Year-over-Year Comparison

2023 2022 Change
Revenue $466,575 $406,824 +0.1%
Expenses $494,896 $481,813 +0.0%
Net Income $-28,321 $-74,989 -0.6%
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

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Liquidity & Cash Position

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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 $466,575 $494,896 $5,392,838 $-28,321
2023 $406,824 $481,813 $5,432,006 $-74,989
2022 $373,102 $488,562 $5,497,922 $-115,460
2021 $350,516 $462,068 $5,592,369 $-111,552
2020 $361,273 $403,760 $5,685,187 $-42,487
2019 $330,203 $432,449 $5,764,478 $-102,246
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