RIVERSIDE VOA ELDERLY HOUSING INC LAS PALMAS PLAZA I

EIN: 581835841 501(c)(3)

ALEXANDRIA, VA

Total Revenue
$95,611
Total Expenses
N/A
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
FL
Principal Officer
JOSEPH A BUDZYNSKI
Phone
7033415000
Tax Period
2018-07-01 to 2019-06-30

RIVERSIDE VOA ELDERLY HOUSING INC LAS PALMAS PLAZA I, founded in 1989, is a micro nonprofit that reported $96K in total revenue in fiscal year 2018. Revenue fell 49% from the prior year — a significant decline worth monitoring.

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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $95,611
Other Revenue $0
TOTAL REVENUE $95,611

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2018 2017 Change
Revenue $95,611 $186,413 -0.5%
Expenses N/A $850 -1.0%
Net Income N/A $185,563 N/A
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
12
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
12
$2,547,399
Total Directors
15
$615,490
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 $150,782 $615,490
ANDREW EDEBURN DIRECTOR N/A
Director
$0 $0 $0
DAVID C KIKUMOTO VICE CHAIRMA N/A
Officer Director
$0 $0 $0
EDWINA CARRINGTON SECRETARY N/A
Officer Director
$0 $0 $0
JAMES LEBLANC DIRECTOR N/A
Director
$0 $0 $0
JANE BURKS BOARD CHAIR N/A
Officer Director
$0 $0 $0
JEANNE PETERSEN DIRECTOR N/A
Director
$0 $0 $0
KAREN DALE DIRECTOR N/A
Director
$0 $0 $0
KEITH KNAPP DIRECTOR N/A
Director
$0 $0 $0
MICHAEL SULLIVAN DIRECTOR N/A
Director
$0 $0 $0
NANCY RASE DIRECTOR N/A
Director
$0 $0 $0
PATTI ARNOLD TREASURER N/A
Officer Director
$0 $0 $0
SHAWN BLOOM DIRECTOR N/A
Director
$0 $0 $0
STEPHEN WAKEFIELD DIRECTOR N/A
Director
$0 $0 $0
THOMAS DOLAN DIRECTOR N/A
Director
$0 $0 $0
SHARON WILSON GENO ASST SEC/TRE N/A
Officer
$0 $100,016 $378,388
ROBERT GIBSON ASST. SEC/TR N/A
Officer
$0 $61,891 $332,046
JOSEPH A BUDZYNSKI ASST SEC/TRE N/A
Officer
$0 $62,971 $332,153
PATRICK N SHERIDAN ASST. SEC. N/A
Officer
$0 $49,694 $279,793
CYNTHIA R KELLER ASST. SEC. N/A
Officer
$0 $113,043 $251,792
NANCY A GAVIN ASST. SEC/TR N/A
Officer
$0 $86,476 $224,221
FAITH NUTZ ASST. SEC/TR N/A
Officer
$0 $18,629 $133,516
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
2019 $95,611 No data No data No data
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