Peaks Island VOA Elderly Housing Inc Fay Garman House

EIN: 943421015 501(c)(3)

Alexandria, VA

Total Revenue
$171,752
Total Expenses
$236,279
Total Assets
$1,504,156
Net Assets
$1,443,221
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
ME
Principal Officer
Peter Desjardins
Phone
7033415000
Tax Period
2023-07-01 to 2024-06-30

Peaks Island VOA Elderly Housing Inc Fay Garman House, founded in 2005, is a small nonprofit that reported $152K in total revenue in fiscal year 2018. Expenses of $196K exceeded revenue, resulting in a 29% operating deficit.

Mission

Provide housing for low income elderly persons under Section 202 of the National Housing Act

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $168,869
Investment Income $2,883
Other Revenue $0
TOTAL REVENUE $171,752

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $202,608
Other Expenses $236,279
TOTAL EXPENSES $236,279

Year-over-Year Comparison

2023 2022 Change
Revenue $171,752 $176,068 0.0%
Expenses $236,279 $202,808 +0.2%
Net Income $-64,527 $-26,740 +1.4%
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

Sign In

Governance

Voting Members
15
Independent Members
14
Employees
N/A
Volunteers
14

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
$3,236,488
Total Directors
15
$825,085
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nancy Rase Chairperson 0.00
Officer Director
$0 $0 $0
Derrick Perkins Vice Chair 0.00
Officer Director
$0 $0 $0
Karen Erickson Treasurer 0.00
Officer Director
$0 $0 $0
Andy Edeburn Secretary 0.00
Officer Director
$0 $0 $0
Patti Arnold Director/Immediate Past Chair 0.00
Officer Director
$0 $0 $0
Beth Mullen Director 0.00
Director
$0 $0 $0
Edwina Carrington Director 0.00
Director
$0 $0 $0
Pierre Vigilance Director 0.00
Director
$0 $0 $0
Voris Vigee Director 0.00
Director
$0 $0 $0
Keith Knapp Director 0.00
Director
$0 $0 $0
Shawn Bloom Director 0.00
Director
$0 $0 $0
Jeanne Peterson Director 0.00
Director
$0 $0 $0
Karen Hackett Director 0.00
Director
$0 $0 $0
Patrick Sheridan Director 0.00
Director
$0 $0 $0
Michael W King President 0.00
Officer Director
$0 $179,300 $825,085
Joseph A Budzynski Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $108,473 $449,025
Kimberly B King Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $72,836 $505,656
Peter J Desjardins Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $40,162 $298,349
David W Paskoff Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $17,712 $185,097
Nancy A Gavin Asst. Secretary/Asst. Treasurer 0.00
Officer
$0 $95,108 $275,369
Faith A Nutz Asst. Secretary/Asst. Treasurer 0.00
Officer
$0 $20,965 $159,860
David Nisivoccia Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $4,998 $220,518
Paul F Soczynski Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $26,987 $317,529
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 $171,752 $236,279 $1,504,156 $-64,527
2023 $176,068 $202,808 $1,555,335 $-26,740
2022 $165,435 $201,092 $1,580,390 $-35,657
2021 $166,149 $204,959 $1,626,927 $-38,810
2020 $193,332 $189,369 $1,651,812 $3,963
2019 $151,806 $196,203 $1,681,891 $-44,397
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Peaks Island VOA Elderly Housing Inc Fay Garman House with other nonprofits in Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.