Voa Las Palmas Ah Gp Inc

Nonprofit profile at a glance

EIN
810840707
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-N 2019
Location
Alexandria, VA, USA
Phone
7033415000
Rating
53
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$38,003
Expenses
$39
Assets
$38,003
Liabilities
$381

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • MICHAEL W KING (PRESIDENT)

Highest reported compensation

  • MICHAEL W KING (PRESIDENT): $868,407 total reported compensation
  • DAVID NISIVOCCIA (ASST. TREAS/): $516,603 total reported compensation
  • JOSEPH BUDZYNSKI (ASST TREAS/S): $465,439 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide elderly persons, disabled persons, and low-income persons with housing facilities and services, and to otherwise foster low-income housing.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 33
  • Transparency & Controls: 60
  • Accountability: 74
  • Sustainability: 79
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.1%; rating input score 0
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 86.7%; rating input score 87; 26th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 99.9%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 974.44; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 1,602,017.9%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -16.8% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: 12.2% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 21.6% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 0.1% of revenue deployed · 100% of spending went to programs
  • Governance: 13 of 15 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $39 in reported program spending
  • Leadership: top reported pay $868K · 24 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 187 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.