NACOGDOCHES VOA ELDERLY HOUSING INC NORTHWAY LANDING

EIN: 581917702 501(c)(3)

ALEXANDRIA, VA

Total Revenue
$888,514
Total Expenses
$180,889
Total Assets
$88,508
Net Assets
$-129,803
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
TX
Principal Officer
DEJERNETTE BEATY
Phone
7033415000
Tax Period
2024-07-01 to 2025-06-30

NACOGDOCHES VOA ELDERLY HOUSING INC NORTHWAY LANDING, founded in 1992, is a small nonprofit that reported $889K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $708K, a strong 80% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $151,242 Revenue: $134,173

PROVIDES HOUSING TO ELDERLY AND DISABLED PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER ANAGREEMENT 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $134,173
Investment Income $754,341
Other Revenue $0
TOTAL REVENUE $888,514

Expense Breakdown

Grants Paid $0
Salaries & Benefits $41,945
Fundraising Expenses $0
Program Expenses $151,242
Other Expenses $138,944
TOTAL EXPENSES $180,889

Year-over-Year Comparison

2024 2023 Change
Revenue $888,514 $502,117 +0.8%
Expenses $180,889 $590,198 -0.7%
Net Income $707,625 $-88,081 -9.0%
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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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
14
$3,651,421
Total Directors
15
$868,407
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 $183,373 $868,407
DAVID NISIVOCCIA ASST. TREAS/ N/A
Officer
$0 $74,234 $516,603
JOSEPH BUDZYNSKI ASST TREAS/S N/A
Officer
$0 $116,809 $465,439
PAUL SOCZYNSKI ASST. TREAS/ N/A
Officer
$0 $30,221 $378,447
PETER DESJARDINS ASST. TREAS/ N/A
Officer
$0 $40,506 $319,503
NANCY GAVIN ASST. SEC/TR N/A
Officer
$0 $87,852 $285,594
KIMBERLY KING ASST. TREAS/ N/A
Officer
$0 $33,529 $256,810
DAVID PASKOFF ASST. TREAS/ N/A
Officer
$0 $17,960 $197,896
DEJERNETTE BEATY ASST. TREAS/ N/A
Officer
$0 $20,135 $193,522
FAITH NUTZ ASST. SEC/TR N/A
Officer
$0 $20,168 $169,200
PATTI ARNOLD DIRECTOR N/A
Director
$0 $0 $0
SHAWN BLOOM DIRECTOR N/A
Director
$0 $0 $0
KAREN ERICKSON TREASURER N/A
Officer Director
$0 $0 $0
KAREN HACKETT SECRETARY N/A
Officer Director
$0 $0 $0
CARMEN JACKSON 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 PETERSON DIRECTOR N/A
Director
$0 $0 $0
NANCY RASE CHAIR N/A
Officer Director
$0 $0 $0
PATRICK SHERIDAN DIRECTOR N/A
Director
$0 $0 $0
JANET STRINGFELLOW DIRECTOR N/A
Director
$0 $0 $0
WALTER TEJADA DIRECTOR N/A
Director
$0 $0 $0
VORIS VIGEE 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 $888,514 $180,889 $88,508 $707,625
2025 $888,514 $180,889 $88,508 $707,625
2024 $502,117 $590,198 $997,100 $-88,081
2023 $328,990 $454,411 $1,073,365 $-125,421
2022 $325,286 $425,773 $1,164,213 $-100,487
2021 $296,552 $399,440 $1,230,564 $-102,888
2020 $296,113 $415,850 $1,302,962 $-119,737
2019 $290,011 $414,745 $1,467,133 $-124,734
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