GIBBSTOWN VOA ELDERLY HOUSING INC HOMESTEAD AT HARMONY

EIN: 721413575 501(c)(3)

ALEXANDRIA, VA

Total Revenue
$736,446
Total Expenses
$848,953
Total Assets
$3,039,544
Net Assets
$-2,203,107
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NJ
Principal Officer
PETER DESJARDINS
Phone
7033415000
Tax Period
2023-07-01 to 2024-06-30

GIBBSTOWN VOA ELDERLY HOUSING INC HOMESTEAD AT HARMONY, founded in 1998, is a small nonprofit that reported $736K in total revenue in fiscal year 2023. Expenses of $849K exceeded revenue, resulting in a 15% 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

Program Service Accomplishments

Program 1
Expenses: $758,483 Revenue: $736,423

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 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 $736,423
Investment Income $23
Other Revenue $0
TOTAL REVENUE $736,446

Expense Breakdown

Grants Paid $0
Salaries & Benefits $154,713
Fundraising Expenses $0
Program Expenses $758,483
Other Expenses $694,240
TOTAL EXPENSES $848,953

Year-over-Year Comparison

2023 2022 Change
Revenue $736,446 $683,935 +0.1%
Expenses $848,953 $816,078 +0.0%
Net Income $-112,507 $-132,143 -0.1%
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
6
Independent Members
4
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
6
$1,253,031
Total Directors
8
$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
CLINTON HORTON 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
THOMAS TURNBULL PRESIDENT N/A
Officer Director
$0 $0 $0
PHIL WEISS DIRECTOR N/A
Director
$0 $0 $0
ANGELA WILLIAMS DIRECTOR N/A
Director
$0 $0 $0
ROBIN KELLER ASSISTANT SE N/A
Officer
$0 $0 $0
SHARON WILSON-GENO SECRETARY/TR 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 $736,446 $848,953 $3,039,544 $-112,507
2023 $683,935 $816,078 $3,052,377 $-132,143
2022 $666,366 $826,081 $3,201,961 $-159,715
2021 $667,817 $786,821 $3,339,201 $-119,004
2020 $670,515 $760,009 $3,482,085 $-89,494
2019 $647,067 $712,903 $3,521,029 $-65,836
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