Volunteers Of America Inc
- Assets
- $708.1k
- Revenue
- $22.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Brunswick, ME
- Founding
- 05/1965
- Data as of
- 06/2022
- EIN
- 01-0806650
Organization Overview
Volunteers Of America Inc is located in Brunswick, ME. The organization was established in 1965. According to its NTEE Classification (P26) the organization is classified as: Volunteers of America, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Volunteers Of America Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Volunteers Of America Inc generated $22.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $67.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOW INCOME HOUSING FOR DISABLED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Hooks Wayman President/ceo | OfficerTrustee | 0.1 | $0 |
Jessie Lilly CFO & Treasurer/secretary | Officer | 0.1 | $0 |
Brad Macdonald Director | Trustee | 0.1 | $0 |
Courtney Pladsen Director | Trustee | 0.1 | $0 |
Eric French Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $22,617 |
| Investment income | $26 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,643 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,838 |
| Fees for services: Legal | $35 |
| Fees for services: Accounting | $5,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,380 |
| Advertising and promotion | $0 |
| Office expenses | $4,926 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,551 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,007 |
| Insurance | $4,214 |
| All other expenses | $5,988 |
| Total functional expenses | $67,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,559 |
| Savings and temporary cash investments | $53,338 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $368 |
| Net Land, buildings, and equipment | $652,802 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $708,067 |
| Accounts payable and accrued expenses | $28,396 |
| Grants payable | $0 |
| Deferred revenue | $2,719 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $100,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,455 |
| Total liabilities | $133,570 |
| Net assets without donor restrictions | $6,897 |
| Net assets with donor restrictions | $567,600 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $708,067 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Volunteers Of America Inc Brunswick, ME | $3,478,880 | $1,247,025 |
Volunteers Of America Inc Brunswick, ME | $4,107,411 | $265,212 |
Volunteers Of America Inc Brunswick, ME | $1,808,750 | $293,048 |
Volunteers Of America Inc Brunswick, ME | $410,029 | $58,145 |
Volunteers Of America Inc Brunswick, ME | $532,300 | $67,471 |
Volunteers Of America Inc Brunswick, ME | $708,067 | $22,643 |
Volunteers Of America Inc Brunswick, ME | $84,154 | $0 |