Volunteers Of America Inc
- Assets
- $4.0m
- Revenue
- $271.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Brunswick, ME
- Founding
- 05/1965
- Data as of
- 06/2023
- EIN
- 27-3663183
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 06/2023, Volunteers Of America Inc generated $271.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $391.4k during the year ending 06/2023. While expenses have increased by 1.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING TO ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE U.S. DEPARTMENT OF H.U.D.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING TO ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE U.S. DEPARTMENT OF H.U.D.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Hooks Wayman President/ceo | OfficerTrustee | 0.1 | $0 |
Brad Macdonald Director | Trustee | 0.1 | $0 |
Eric French Director | Trustee | 0.1 | $0 |
Courtney Pladsen Director | Trustee | 0.1 | $0 |
Jessie Lilly Past CFO & Treasurer/secretary | Officer | 0.1 | $0 |
Pam Zagorski CFO & Treasurer/secretary | Officer | 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 | $269,760 |
| Investment income | $1,226 |
| 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 | $270,986 |
| 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 | $24,924 |
| Fees for services: Legal | $1,828 |
| Fees for services: Accounting | $14,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,499 |
| Advertising and promotion | $75 |
| Office expenses | $8,626 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $139,854 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $218 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,508 |
| Insurance | $22,176 |
| All other expenses | $0 |
| Total functional expenses | $391,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,119 |
| Savings and temporary cash investments | $149,048 |
| 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 | $5,551 |
| Net Land, buildings, and equipment | $3,821,017 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,262 |
| Total assets | $3,990,997 |
| Accounts payable and accrued expenses | $14,036 |
| Grants payable | $0 |
| Deferred revenue | $1,412 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,262 |
| Total liabilities | $28,710 |
| Net assets without donor restrictions | -$1,024,958 |
| Net assets with donor restrictions | $4,987,245 |
| 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 | $3,990,997 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Volunteers Of America Brunswick, ME | $12,608,683 | $13,603,208 |
Volunteers Of America Inc Brunswick, ME | $3,394,016 | $1,282,974 |
Volunteers Of America Inc Brunswick, ME | $3,990,997 | $270,986 |
Volunteers Of America Inc Brunswick, ME | $1,809,876 | $320,021 |
Volunteers Of America Inc Brunswick, ME | $567,324 | $73,257 |
Volunteers Of America Inc Brunswick, ME | $394,952 | $74,106 |
Volunteers Of America Inc Brunswick, ME | $757,674 | $27 |
Volunteers Of America Inc Brunswick, ME | $84,154 | $0 |