Volunteers Of America Inc
- Assets
- $6.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 61
- Location
- Eden Prairie, MN
- Founding
- 05/1965
- Data as of
- 06/2021
- EIN
- 41-1988486
Organization Overview
Volunteers Of America Inc is located in Eden Prairie, MN. 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. As of 06/2021, Volunteers Of America Inc employed 61 individuals. 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 06/2021, Volunteers Of America Inc generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOMESTEAD AT MONTROSE, INC. PROVIDES HEALTHCARE AND ASSISTED LIVING SERVICES IN COLORADO FOR SENIORS AND THOSE WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
King Michael W President | OfficerTrustee | 3 | $0 |
Arnoldpatti Chairperson | OfficerTrustee | 0.1 | $0 |
Dolan Thomas Secretary | OfficerTrustee | 0.1 | $0 |
Rase Nancy Vice Chair | OfficerTrustee | 0.1 | $0 |
Burks Jane Treasurer | OfficerTrustee | 0.1 | $0 |
Gavin Nancy A Asst. Secretary/treasurer | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,781 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,243 |
| Total Program Service Revenue | $2,528,392 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $6,919 |
| 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 | $2,603,554 |
| 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 | $946,271 |
| Pension plan accruals and contributions | $9,189 |
| Other employee benefits | $104,143 |
| Payroll taxes | $85,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,451 |
| Fees for services: Accounting | $3,834 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $277,968 |
| Advertising and promotion | $29,454 |
| Office expenses | $78,133 |
| Information technology | $36,505 |
| Royalties | $0 |
| Occupancy | $95,772 |
| Travel | $1,647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $375 |
| Interest | $566,519 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $304,739 |
| Insurance | $91,287 |
| All other expenses | $16,095 |
| Total functional expenses | $2,914,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,059 |
| Savings and temporary cash investments | $469,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,406 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,587 |
| Prepaid expenses and deferred charges | $100,576 |
| Net Land, buildings, and equipment | $5,287,524 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $791,848 |
| Total assets | $6,768,893 |
| Accounts payable and accrued expenses | $357,735 |
| Grants payable | $0 |
| Deferred revenue | $3,895 |
| Tax-exempt bond liabilities | $7,755,611 |
| 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 | $2,533,464 |
| Total liabilities | $10,650,705 |
| Net assets without donor restrictions | -$3,881,812 |
| Net assets with donor restrictions | $0 |
| 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 | $6,768,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Volunteers Of America Inc Eden Prairie, MN | $50,009,760 | $7,739,399 |
Volunteers Of America Inc Eden Prairie, MN | $16,227,927 | $8,449,252 |
Volunteers Of America Inc Eden Prairie, MN | $1,205,779 | $6,142,529 |
Volunteers Of America Inc Minneapolis, MN | $2,785,315 | $5,868,296 |
Volunteers Of America Inc Eden Prairie, MN | $585,632 | $3,758,175 |
Volunteers Of America Inc Eden Prairie, MN | $6,768,893 | $2,603,554 |
Volunteers Of America Inc Minneapolis, MN | $12,369,650 | $847,718 |
Voans Cde Inc Eden Prairie, MN | $410,909 | $116,594 |
Volunteers Of America Inc Eden Prairie, MN | $18,582,701 | $35,446 |
Volunteers Of America Inc Eden Prairie, MN | $1,048,730 | $13,077 |
Volunteers Of America Inc Minneapolis, MN | $0 | $0 |