Compensation 990

Asheville VOA Elderly Housing Inc. Laurel Wood Apartments

Fiscal year ending 2025. Filed on November 4, 2025.

1660 Duke Street
Alexandria, Virginia 22314

Asheville VOA Elderly Housing Inc. Laurel Wood Apartments (EIN: 72-1345152) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2025 IRS Form 990 filing, Asheville VOA Elderly Housing Inc. Laurel Wood Apartments, a 501(c)(3) charitable organization, reported compensation for 10 employees. Among the employees shown here, the average compensation is $365,142. The highest compensated employee at Asheville VOA Elderly Housing Inc. Laurel Wood Apartments is Michael W King with fiscal year 2025 compensation of $868,407.

Revenue, expenses, and employee compensation

Revenue

$5,647,719

Expenses

$652,043

Employee compensation

$116,991
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋5.3%vs 2024
Michael W King
President
$868,407
$0 from org$685,034 from related$183,373 other
＋134.3%vs 2024
David Nisivoccia
Assistant Treasurer
$516,603
$0 from org$442,369 from related$74,234 other
＋3.7%vs 2024
Joseph Budzynski
ASST Treas/S
$465,439
$0 from org$348,630 from related$116,809 other
＋19.2%vs 2024
Paul Soczynski
Assistant Treasurer
$378,447
$0 from org$348,226 from related$30,221 other
＋7.1%vs 2024
Peter Desjardins
Assistant Treasurer
$319,503
$0 from org$278,997 from related$40,506 other
＋3.7%vs 2024
Nancy Gavin
Assistant Secretary and Treasurer
$285,594
$0 from org$197,742 from related$87,852 other
－49.2%vs 2024
Kimberly King
Assistant Treasurer
$256,810
$0 from org$223,281 from related$33,529 other
＋6.9%vs 2024
David Paskoff
Assistant Treasurer
$197,896
$0 from org$179,936 from related$17,960 other
New in 2025
Dejernette Beaty
Assistant Treasurer
$193,522
$0 from org$173,387 from related$20,135 other
＋5.8%vs 2024
Faith Nutz
Assistant Secretary and Treasurer
$169,200
$0 from org$149,032 from related$20,168 other

Non-Employee Board Members

Beth Mullen
Director
Carmen Jackson
Director
Derrick Perkins
Vice Chair
Janet Stringfellow
Director
Jeanne Peterson
Director
Karen Erickson
Treasurer
Karen Hackett
Secretary
Keith Knapp
Director
Nancy Rase
Chair
Patrick Sheridan
Director
Patti Arnold
Director
Shawn Bloom
Director

Mission Statement

PROVIDES HOUSING TO ELDERLY AND DISABLED PERSONS AND FAMILIES UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD

Revisions to this organization profile

November 4, 2025:
2025 Asheville VOA Elderly Housing Inc. Laurel Wood Apartments 990 filed
November 5, 2024:
2024 Asheville VOA Elderly Housing Inc. Laurel Wood Apartments 990 filed
November 3, 2023:
2023 Asheville VOA Elderly Housing Inc. Laurel Wood Apartments 990 filed

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