Volunteers of America Inc Voa Skyland Apartments Asheville I
Nonprofit profile at a glance
- EIN
- 260887632
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Alexandria, VA, USA
- Rating confidence
- Limited
Reported finances
- Expenses
- $977
- Assets
- $222
- Liabilities
- $12,096
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- MICHAEL W KING (PRESIDENT)
People named in this filing
- PATTI ARNOLD (DIRECTOR)
- NANCY RASE (CHAIR)
- KAREN ERICKSON (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To own, develop, and manage housing for low and moderate income individuals and families.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 1
- Transparency & Controls: 82
- Sustainability: 11
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 2.8%; rating input score 3
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0.23; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 54.49; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 309,788.5%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 2.4% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: Limited
- Asset growth: -8% per year; rating input score 0; 46th percentile among comparable filings
Details
- Where the money goes: 2.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $27 in reported program spending
- Leadership: top reported pay $0 · 24 people listed
- Consistency: 4 of 4 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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: Program expense ratio scored 3/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.