HARRISBURG VOA ELDERLY HOUSING INC LAUREL TOWERS

EIN: 581805612 501(c)(3) Housing & Shelter

ALEXANDRIA, VA

Total Revenue
$1,178,849
Total Expenses
$1,430,735
Total Assets
$5,622,355
Net Assets
$-1,926,717
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
PA
Principal Officer
PETER DESJARDINS
Phone
7033415000
Tax Period
2023-07-01 to 2024-06-30

HARRISBURG VOA ELDERLY HOUSING INC LAUREL TOWERS, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 18% operating deficit.

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 $1,171,546
Investment Income $7,303
Other Revenue $0
TOTAL REVENUE $1,178,849

Expense Breakdown

Grants Paid $0
Salaries & Benefits $152,978
Fundraising Expenses $0
Program Expenses $1,365,479
Other Expenses $1,277,757
TOTAL EXPENSES $1,430,735

Year-over-Year Comparison

2023 2022 Change
Revenue $1,178,849 $1,133,953 +0.0%
Expenses $1,430,735 $1,384,697 +0.0%
Net Income $-251,886 $-250,744 +0.0%
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

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Governance

Voting Members
7
Independent Members
3
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
8
$1,253,031
Total Directors
7
$220,517
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY KING ASST. SEC/AS N/A
Officer
$0 $72,837 $505,657
JOSEPH BUDZYNSKI ASST SEC/ASS N/A
Officer
$0 $108,473 $449,025
PETER DESJARDINS VICE PRESIDE N/A
Officer
$0 $40,162 $298,349
DAVID NISIVOCCIA DIRECTOR N/A
Director
$0 $4,998 $220,517
HENDRICK FORBES DIRECTOR N/A
Director
$0 $0 $0
DEBORAH PERRY DIRECTOR N/A
Director
$0 $0 $0
ROBERT RANSOM DIRECTOR N/A
Director
$0 $0 $0
ED TOSTI DIRECTOR N/A
Director
$0 $0 $0
THOMAS TURNBULL PRESIDENT N/A
Officer Director
$0 $0 $0
ANGELA WILLIAMS SECRETARY/TR N/A
Officer Director
$0 $0 $0
ROBIN KELLER ASSISTANT SE N/A
Officer
$0 $0 $0
AUBREY MACFARLANE VICE PRESIDE N/A
Officer
$0 $0 $0
MICHELE WATKINS ASST. SECRET N/A
Officer
$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 $1,178,849 $1,430,735 $5,622,355 $-251,886
2023 $1,133,953 $1,384,697 $6,196,451 $-250,744
2022 $1,126,079 $1,338,157 $6,452,533 $-212,078
2021 $1,072,599 $1,265,073 $6,801,846 $-192,474
2020 $1,057,135 $1,278,997 $7,041,108 $-221,862
2019 $1,057,929 $1,247,094 $7,346,957 $-189,165
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