VOANS DEVELOPMENT CORPORATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

JOSEPH BUDZYNSKI

Phone

6124287800

Tax Period

2024-07-01 to 2025-06-30

VOANS DEVELOPMENT CORPORATION, founded in 1997, is a micro nonprofit that reported $46K in total revenue in fiscal year 2024. The organization ran a surplus of $40K, a strong 87% operating margin.

Mission

ESTABLISHED IN 1896, VOLUNTEERS OF AMERICA IS A NATIONAL, NONPROFIT, FAITH-BASED ORGANIZATION PROVIDING SERVICES SUCH AS HOUSING AND HEALTHCARE TO MORE THAN 2 MILLION PEOPLE IN OVER 400 COMMUNITIES EACH YEAR. VOANS DEVELOPMENT CORPORATION IS A SUPPORTING ORGANIZATION OPERATING EXCLUSIVELY FOR RELIGIOUS, CHARITABLE , SCIENTIFIC, AND EDUCATIONAL PURPOSES, IN PURSUIT OF THE OBJECTIVES OF VOLUNTEERS OF AMERICA INC. AND VOLUNTEERS OF AMERICA NATIONAL SERVICES.

Program Service Accomplishments

Program 1

Expenses: $5,937

VOANS DEVELOPMENT CORPORATION IS ENGAGED IN THE DEVELOPMENT OF HEALTH, HOUSING AND SUPPORTIVE SERVICES FOR SENIORS AND THOSE WITH DISABILITIES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $68

Other Revenue $45,651

TOTAL REVENUE $45,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,937

Other Expenses $5,944

TOTAL EXPENSES $5,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,719	$45,731	0.0%
Expenses	$5,944	$6,830	-0.1%
Net Income	$39,775	$38,901	+0.0%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$3,457,899

Total Directors

$868,407

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KING MICHAEL W	PRESIDENT	3.00	Officer Director	$0	$183,373	$868,407
RASE NANCY	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
PERKINSDERRICK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ERICKSON KAREN	TREASURER	2.00	Officer Director	$0	$0	$0
HACKETT KAREN	SECRETARY	2.00	Officer Director	$0	$0	$0
ARNOLD PATTI	DIRECTOR	0.10	Director	$0	$0	$0
BLOOM SHAWN	DIRECTOR	0.10	Director	$0	$0	$0
KACKSON CARMEN	DIRECTOR	0.10	Director	$0	$0	$0
KNAPP KEITH	DIRECTOR	0.10	Director	$0	$0	$0
MULLEN BETH	DIRECTOR	0.10	Director	$0	$0	$0
PETERSON JEANNE	DIRECTOR	0.10	Director	$0	$0	$0
SHERIDAN PATRICK	DIRECTOR	0.10	Director	$0	$0	$0
STRINGFELLOW JANET	DIRECTOR	0.10	Director	$0	$0	$0
TEJADA J WALTER	DIRECTOR	0.10	Director	$0	$0	$0
VIGEE VORIS	DIRECTOR	0.10	Director	$0	$0	$0
DESJARDINS PETER J	ASST. TREASURER/ASST. SEC(THRU 4/22/25)	3.00	Officer	$0	$40,506	$319,503
KING KIMBERLY B	ASST. TREASURER/ASST. SEC(THRU 7/31/24)	3.00	Officer	$0	$33,529	$256,810
PASKOFF DAVID W	ASST. TREASURER/ASST. SEC	3.00	Officer	$0	$17,960	$197,896
BUDZYNSKI JOSEPH A	ASST. TREASURER/ASST. SEC	3.00	Officer	$0	$116,809	$465,439
GAVIN NANCY A	ASST. SECRETARY/ASST. TRE(THRU 4/15/25)	3.00	Officer	$0	$87,852	$285,594
NUTZ FAITH A	ASST. SECRETARY/ASST. TRE	3.00	Officer	$0	$20,168	$169,200
NISIVOCCIA DAVID	ASST. TREASURER/ASST. SEC	3.00	Officer	$0	$74,234	$516,603
SOCZYNSKI PAUL F	ASST. TREASURER/ASST. SEC	3.00	Officer	$0	$30,221	$378,447

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	$45,719	$5,944	$1,163,957	$39,775
2024	$45,731	$6,830	$1,123,597	$38,901
2023	$11,025	$1,040	$1,084,696	$9,985
2022	$26,811	$1,456	$1,074,711	$25,355
2021	$13,077	$727	$1,048,730	$12,350
2020	$-4,217	$926	$1,036,380	$-5,143
2019	$7,479	$780	$1,041,523	$6,699
2018	$9,228	$1,002	$1,034,823	$8,226