2023-11-15T11:51:35-06:00 2023-06-30 721088864 LAPORTE APAC 111 VETERANS MEMORIAL BLVD 600 METAIRIE LA 700054958 990 2022-07-01 208947208 RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION RENA 5047084370 4152 CANAL STREET NEW ORLEANS LA 70119 VANESSA LEVINE EXECUTIVE DIRECTOR 5047084370 2023-11-15 1 VANESSA LEVINE 999009999 0 JOHN S WILES CPA P01222673 5048355522 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X VANESSA LEVINE 4152 CANAL STREET NEW ORLEANS LA 70119 4055890 0 X WWW.RNDCNOLA.ORG X 2006 LA THE MISSION OF THE ORGANIZATION IS TO PROVIDE HOUSING RELATED SERVICES TO (CONT'D ON SCHEDULE O) THOSE WHO ARE IN NEED OF AFFORDABLE HOUSING OPTIONS. THIS INCLUDES THE OWNERSHIP AND OPERATION OF VARIOUS HOUSING FACILITIES ON A NONPROFIT BASIS WITH THE PROVISION OF HOUSING RELATED SERVICES ON A NONPROFIT BASIS. THIS INCLUDES SUCH PURPOSES AS THE MAKING OF DISTRIBUTIONS AND CONTRIBUTIONS TO ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM TAXATION UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. 4 2 0 0 442540 29470 0 0 2602783 3349211 263197 249921 455112 456758 3321092 4055890 11770340 0 0 0 0 0 0 0 0 2451825 2477618 14222165 2477618 -10901073 1578272 26593789 32414873 2221441 3437282 24372348 28977591 X THE MISSION OF THE ORGANIZATION IS TO PROVIDE HOUSING RELATED SERVICES TO THOSE WHO ARE IN NEED OF AFFORDABLE HOUSING OPTIONS. THIS INCLUDES THE OWNERSHIP AND OPERATION OF VARIOUS HOUSING FACILITIES ON A NONPROFIT BASIS WITH THE PROVISION OF HOUSING (CONT'D ON SCHEDULE O) RELATED SERVICES ON A NONPROFIT BASIS. THIS INCLUDES SUCH PURPOSES AS THE MAKING OF DISTRIBUTIONS AND CONTRIBUTIONS TO ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM TAXATION UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. 0 0 2477618 3363429 CREATED IN RESPONSE TO THE DEVASTATION CAUSED BY HURRICANE KATRINA, RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION (RNDC) CONSTRUCTS, REHABILITATES OR ACQUIRES HOUSING IN THE GREATER NEW ORLEANS AREA THAT IS AFFORDABLE TO VERY LOW-, LOW-, AND MODERATE-INCOME FAMILIES. 2477618 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 4 2 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 1 1 X X GARY ALBERTO ZAPATA 5044822130 4152 CANAL STREET NEW ORLEANS LA 70119 LEONARD SIMMONS JR CHAIRMAN 1.00 0.00 X X 0 0 0 MIKE KING SECRETARY 1.00 39.00 X X 0 596644 175327 SHAWN M BLOOM TREASURER 1.00 0.00 X X 0 0 0 VORIS VIGEE PRESIDENT & CEO 1.00 39.00 X X 0 268836 89636 VANESSA LEVINE EXECUTIVE DIRECTOR 36.00 4.00 X 0 173543 34498 GARY ZAPATA CHIEF FINANCIAL OFFICER 15.00 25.00 X 0 129346 33133 0 1168369 332594 0 0 1 0 VOLUNTEERS OF AMERICA SOUTHEAST LOUISIAN 4152 CANAL ST NEW ORLEANS LA 70119 STAFFING AND OTHER OUTSOURCED COSTS 801499 VOLUNTEERS OF AMERICA NATIONAL SERVICES 7485 OFFICE RIDGE CIRCLE EDEN PRAIRIE MN 55344 ASSET MANAGEMENT SERVICES 127000 MARK TREADAWAY 120 YUCAA DRIVE LONG BEACH MS 39560 CONSTRUCTION MANAGEMENT 121711 MISSION DESIGN LLC 100 SAINT JOHN CIRCLE COVINGTON LA 70433 ARCHITECTURE AND DESIGN SERVICES 100137 4 HOUSING DEVELOPMENT FE 531310 2596620 2596620 ASSET MANAGEMENT FEE 531310 752591 752591 3349211 204866 204866 14950 0 14950 14950 14950 45055 0 45055 45055 45055 SELF STORAGE FACILITY 900099 442540 442540 CHATEAU CARRE GP 624200 -732 -732 441808 4055890 3363429 442540 249921 X 23622 23622 3807 3807 61000 61000 1743198 1743198 5059 5059 19605 19605 283337 283337 46036 46036 67820 67820 60000 60000 37431 37431 25120 25120 PROGRAM SUPPLIES AND EQ 47774 47774 GUARANTEES AND RELATED 33507 33507 MERCHANT CREDIT CARD FE 11104 11104 CORPORATE TAXES 7760 7760 1438 1438 2477618 2477618 0 0 2289202 362189 16698 16698 90565 389031 43155 25269 1916379 249211 1691456 1667168 1708304 1864466 20513741 27149351 240668 940701 26593789 32414873 362088 323209 998632 1845113 383054 371886 477667 897074 2221441 3437282 X 24372348 28977591 24372348 28977591 26593789 32414873 X 1578272 75771 2951200 X X 0 1 X 1 1 1 X 4045760 153000 0 4198760 616373 1091650 5295193 2612833 3764161 13380210 616373 5137410 5448193 2612833 3764161 17578970 0 111274 124057 269174 229145 733650 111274 124057 269174 229145 733650 16845320 559092 214956 178202 207255 204866 1364371 49509 53558 42531 30470 176068 559092 264465 231760 249786 235336 1540439 750000 750000 1175465 6151875 5679953 2862619 3999497 19869409 0.84780 0.83850 0.07750 0.09620 X 785779 785779 1130600 249211 881389 1667168 INVESTMENT IN SUBSIDIARIES 15827004 C INTERCOMPANY RECEIVABLE - DEVELOPMENT 385749 C DEVELOPMENT INCOME RECEIVABLE 875044 C DUE FROM PROJECTS 6896107 C DUE FROM MILLENNIUM PROPERTIES INC -8380 C DUE FROM HOUMA SCHOOLS 250 C NOTE RECEIVABLE - WISDOM MANOR 1064278 C NOTE RECEIVABLE - GROVES 342846 C ACCRUED INTEREST RECEIVABLE WM 573089 C ACCRUED INTEREST RECEIVABLE EMBASSY 85110 C DUE FROM EMBASSY 1108054 C ST. JOHN VILLAGE FSJ I 100 C ST. JOHN VILLAGE FSJ II 100 C 27149351 ACCOUNTS PAYABLE MASTER TENANT 47778 PREPAID RENT 4214 PREPAID INSURANCE LIABILTY 64 DUE TO VOA AFFILIATE 3829 DUE TO VOAGNO 697106 PREPAID LIABILITY -4 SECURITY DEPOSIT LIABILITY 1000 NOTE PAYABLE VOAGNO CHATEAU PROJECT IMPROVEMENT 89531 PAYABLES - ACCRUED SALARIES 53825 INTERCOMPANY PAYABLE -269 897074 X PART X, LINE 2: UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE INCOME TAX REGULATIONS OF THE STATE OF LOUISIANA, RNDC IS EXEMPT FROM INCOME TAXES, EXCEPT FOR NET INCOME FROM UNRELATED BUSINESS INCOME. THERE WAS NO MATERIAL UNRELATED BUSINESS NET INCOME DURING THE YEARS ENDED JUNE 30, 2023 AND 2022. INCOME TAXES ARE ACCOUNTED FOR UNDER THE ASSET AND LIABILITY METHOD. DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR THE FUTURE TAX CONSEQUENCES ATTRIBUTABLE TO DIFFERENCES BETWEEN THE FINANCIAL STATEMENT CARRYING AMOUNTS OF EXISTING ASSETS AND LIABILITIES AND THEIR RESPECTIVE TAX BASES AND OPERATING LOSS AND TAX CREDIT CARRYFORWARDS. DEFERRED TAX ASSETS AND LIABILITIES ARE MEASURED USING ENACTED TAX RATES EXPECTED TO APPLY TO TAXABLE INCOME IN THE YEARS IN WHICH THOSE TEMPORARY DIFFERENCES ARE EXPECTED TO BE RECOVERED OR SETTLED. THE EFFECT ON DEFERRED TAX ASSETS AND LIABILITIES OF A CHANGE IN TAX RATES IS RECOGNIZED IN INCOME IN THE PERIOD THAT INCLUDES THE ENACTMENT DATE. RNDC RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. RNDC BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN INCOME TAX EXPENSE. 0 1 0 0 0 0 0 0 0 MIKE KING SECRETARY 0 576302 0 160 0 20182 0 106169 0 69158 0 771971 0 0 VORIS VIGEE PRESIDENT & CEO 0 157778 0 80000 0 31058 0 35292 0 54344 0 358472 0 0 VANESSA LEVINE EXECUTIVE DIRECTOR 0 153423 0 20000 0 120 0 17789 0 16709 0 208041 0 0 GARY ZAPATA CHIEF FINANCIAL OFFICER 0 114166 0 15000 0 180 0 20500 0 12633 0 162479 0 0 PART I, LINE 4B VORIS VIGEE CONTRIBUTED $8,292 TO THE ORGANIZATION'S 409A DEFERRED COMPENSATION PLAN. FORM 990, SCHEDULE J, PART II DUE TO THE TIMING DIFFERENCE OF WHEN THE BONUSES WERE ACTUALLY PAID, VORIS VIGEE RECEIVED $80,000 IN BONUSES DURING THE 2022 CALENDAR YEAR WHICH INCLUDED TWO YEARS OF BONUSES. VOASELA HAS A COMPENSATION COMMITTEE WHO EVALUATES AND ESTABLISHES THE CEO'S COMPENSATION. THE COMMITTEE IS MADE UP OF INDEPENDENT BOARD MEMBERS. VORIS DOES NOT HAVE INPUT ON THE BONUS PAYMENT. FORM 990, SCHEDULE J, PART I, LINE 3, QUESTIONS REGARDING COMPENSATION: VOASELA HAS A COMPENSATION COMMITTEE WHO EVALUATES AND ESTABLISHES THE CEO'S COMPENSATION. THE COMMITTEE IS MADE UP OF INDEPENDENT BOARD MEMBERS. THE COMMITTEE MEETS AS NEEDED TO DISCUSS ANY POTENTIAL CHANGES TO THE CEO'S COMPENSATION. THE COMMITTEE USES THE SALARY ADMINISTRATION PLAN, WHICH IS UPDATED ANNUALLY WITH REGIONAL SALARY SURVEY INFORMATION. FORM 990, PART VI, SECTION B, LINE 11B BECAUSE RNDC IS WHOLLY OWNED BY VOASELA, IT FOLLOWS VOASELA'S PROCESS TO REVIEW FORM 990. THE ORGANIZATION FALLS UNDER THE UMBRELLA OF VOA, INC. AND WILL FILE A FORM 990 WITH THE IRS. THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND IS REVIEWED BY VOASELA MANAGEMENT AND THE RNDC BOARD. FORM 990, PART VI, SECTION B, LINE 12C AS A WHOLLY OWNED SUBSIDIARY OF VOASELA, RNDC FOLLOWS VOASELA'S WRITTEN CONFLICT OF INTEREST POLICY. THIS POLICY IS UPDATED YEARLY OR AS NEEDED. THIS POLICY APPLIES TO BOARD MEMBERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 ALL RNDC EMPLOYEES ARE PAID BY VOASELA. VOASELA HAS A CEO COMPENSATION EVALUATION COMMITTEE THAT IS MADE UP OF BOARD MEMBERS. THE COMMITTEE MEETS ANNUALLY OR AS NEEDED TO DISCUSS ANY POTENIAL CHANGES TO THE CEO'S SALARY. THE COMMITTEE USES THE SALARY ADMINISTRATION PLAN, WHICH IS UPDATED ANNUALLY WITH REGIONAL SALARY SURVEY INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G MISC PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 753,615. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 753,615. REIMBURSEMENT TO VOA FOR PAYROLL EXPENSES: PROGRAM SERVICE EXPENSES 989,583. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 989,583. FORM 990, PART XI, LINE 9: BOOK/TAX DIFFERENCE ON INVESTMENT IN SUBSIDIARIES -545,771. INTERCOMPANY ELIMINATION -28,827. CHANGE IN VALUE FOR INVESTMENT IN SUBSIDIARIES 3,127,441. DEPRECIATION BOOK/TAX DIFFERENCE ON RIVERFRONT SELF-STORAGE -1,643. NET ASSET ADJUSTMENT FOR INVESTMENT IN SUBSIDIARY 400,000. FORM 990, PART XII, LINE 2C: THE BOARD MEMBERS OF RNDC ARE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND REVIEW OF THE 990. WM MANAGERS LLC 4152 CANAL STREET NEW ORLEANS LA 70119 383925771 HOUSING LA 0 394435 RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION RIVERFRONT SELF STORAGE 4152 CANAL STREET NEW ORLEANS LA 70119 811790611 STORAGE FACILITY LA 30470 812366 RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION VOLUNTEERS OF AMERICA SOUTHEAST LOUISIANA 4152 CANAL STREET NEW ORLEANS LA 70119 720709750 OPERATE A RELIGIOUS, MISSIONARY AND WELFARE SOCIETY LA 501(C)(3) LINE 1 0 VOA DEVELOPMENT INC 4152 CANAL STREET NEW ORLEANS LA 70119 721306663 HOUSING LA 501(C)(3) LINE 10 VOASELA 0 VOA DEVELOPMENT 2 INC 4152 CANAL STREET NEW ORLEANS LA 70119 721486697 HELP SOCIETY LA 501(C)(3) LINE 10 VOASELA 0 1770 TCHOUPITOULAS INC 4152 CANAL STREET NEW ORLEANS LA 70119 832734003 HOUSING LA 501(C)(3) LINE 10 RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION 0 RNDC WISDOM MANOR INC 4152 CANAL STREET NEW ORLEANS LA 70119 921072162 HOUSING LA 501(C)(3) LINE 10 RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION 1 CHATEAU CARRE APARTMENTS LP 4152 CANAL STREET NEW ORLEANS LA 70119 263092139 HOUSING LA CHATEAU CARRE GP LLC RELATED -27 107212 0 1 0.00010 NEW COVINGTON APARTMENTS LLC 4152 CANAL STREET NEW ORLEANS LA 70119 263092233 HOUSING LA NEW COVINGTON GP LLC RELATED -20 105779 0 1 0.00010 WISDOM MANOR LLC 4152 CANAL STREET NEW ORLEANS LA 70119 900406501 HOUSING LA WM MANAGERS LLC RELATED 2156275 0 1 0.00010 BAYOU CANE APARTMENTS LP 4152 CANAL STREET NEW ORLEANS LA 70119 465310724 HOUSING LA BAYOU CANE GP LLC RELATED -23 857919 0 1 0.00010 THE COTTAGES AT MILE BRANCH LLC 4152 CANAL STREET NEW ORLEANS LA 70119 352559178 HOUSING LA COTTAGES AT MILE BRANCH MM LLC RELATED -17 229904 0 1 0.00010 EMBASSY APARTMENTS SHREVEPORT 4152 CANAL STREET NEW ORLEANS LA 70119 832622314 HOUSING LA EMBASSY APTS SHREVEPORT MM LLC RELATED -36 157984 0 1 0.00010 HOUMA SCHOOL APARTMENTS LLC 4152 CANAL STREET NEW ORLEANS LA 70119 475629665 HOUSING LA HOUMA SCHOOL APARTMENTS MM LLC RELATED -34 948060 0 1 0.00010 VALENCIA PARK LLC 4152 CANAL STREET NEW ORLEANS LA 70119 352635312 HOUSING LA VALENCIA PARK MM LLC RELATED -291 5082446 0 1 0.00010 FSJ HOMES LLC 4152 CANAL STREET NEW ORLEANS LA 70119 852581831 HOUSING LA FSJ HOMES MM LLC RELATED -235 3601447 0 1 0.00010 RNDC BR LLC 4152 CANAL STREET NEW ORLEANS LA 70119 852628591 HOUSING LA RNDC BR MM LLC RELATED 4561465 0 1 0.00010 CHATEAU CARRE GP LLC 4152 CANAL STREET NEW ORLEANS LA 70119 263092032 HOUSING LA RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION RELATED -732 84700 0 1 0.79000 MILLENNIUM PROPERTIES INC 4152 CANAL STREET NEW ORLEANS LA 70119 472384782 HOUSING LA RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION C 82593 4595513 1.00000 1 HOUMA SCHOOL APARTMENTS MM LLC 4152 CANAL STREET NEW ORLEANS LA 70119 300887754 HOUSING LA RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION C -934 948074 1.00000 1 NEW COVINGTON GP LLC 4152 CANAL STREET NEW ORLEANS LA 70119 263092068 HOUSING LA RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION C -914 105785 1.00000 1 BAYOU CANE GP LLC 4152 CANAL STREET NEW ORLEANS LA 70119 383927978 HOUSING LA RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION C -926 875925 1.00000 1 COTTAGES AT MILE BRANCH MM LLC 4152 CANAL STREET NEW ORLEANS LA 70119 813126236 HOUSING LA RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION C 32766 229905 1.00000 1 EMBASSY APTS SHREVEPORT MM LLC 4152 CANAL STREET NEW ORLEANS LA 70119 311913966 HOUSING LA RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION C -936 157984 1.00000 1 FSJ HOMES MM LLC 4152 CANAL STREET NEW ORLEANS LA 70119 852597126 HOUSING LA RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION C -2695 3601447 1.00000 1 RNDC BR MM LLC 4152 CANAL STREET NEW ORLEANS LA 70119 852637351 HOUSING LA RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION C -900 4561465 1.00000 1 VALENCIA PARK MM LLC 4152 CANAL STREET NEW ORLEANS LA 70119 352634490 HOUSING LA RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION C -1191 5082446 1.00000 1 THE GROVES AT MILE BRANCH COMMUNITY ASSOCIATION INC 4152 CANAL STREET NEW ORLEANS LA 70119 460534432 HOMEOWNERS ASSOCIATION LA RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION C 5927 39521 1.00000 1 1 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 VOLUNTEERS OF AMERICA SOUTH EAST LOUISIANA E 89531 FMV VOLUNTEERS OF AMERICA SOUTH EAST LOUISIANA K 31500 FMV VOLUNTEERS OF AMERICA SOUTH EAST LOUISIANA P 302468 FMV VOLUNTEERS OF AMERICA SOUTH EAST LOUISIANA O 935758 FMV VOA DEVELOPMENT INC Q 24000 FMV VOA DEVELOPMENT 2 INC Q 9000 FMV 1770 TCHOUPITOULAS INC Q 39193 FMV BAYOU CANE APARTMENTS LP D 122369 FMV BAYOU CANE APARTMENTS LP Q 42084 FMV EMBASSY APARTMENTS SHREVEPORT D 1229171 FMV EMBASSY APARTMENTS SHREVEPORT Q 23477 FMV CHATEAU CARRE APARTMENTS LP D 380702 FMV CHATEAU CARRE APARTMENTS LP Q 85063 FMV FSJ HOMES LLC D 1482366 FMV FSJ HOMES LLC Q 36848 FMV HOUMA SCHOOL APARTMENTS LLC D 505621 FMV HOUMA SCHOOL APARTMENTS LLC Q 49054 FMV RNDC BR LLC D 2148388 FMV RNDC BR LLC Q 33129 FMV NEW COVINGTON APARTMENTS LLC D 428497 FMV NEW COVINGTON APARTMENTS LLC Q 85022 FMV RNDC WISDOM MANOR INC D 1627881 FMV RNDC WISDOM MANOR INC Q 27907 FMV RIVERFRONT SELF STORAGE LLC D 240232 FMV THE GROVES AT MILE BRANCH COMMUNITY ASSOCIATION INC Q 21746 FMV VALENCIA PARK LLC D 2754134 FMV VALENCIA PARK LLC Q 58924 FMV WISDOM MANOR LLC Q 69568 FMV