2023-11-15T11:50:48-06:00 2023-06-30 721088864 LAPORTE APAC 111 VETERANS MEMORIAL BLVD 600 METAIRIE LA 700054958 990 2022-07-01 721486697 VOA DEVELOPMENT 2 INC VOAD 5044822130 4152 CANAL STREET NEW ORLEANS LA 70119 VORIS N VIGEE PRESIDNET AND CEO 5044822130 2023-11-14 1 VORIS VIGEE 999009999 1 JOHN S WILES CPA P01222673 5048355522 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z VORIS N VIGEE 4152 CANAL STREET NEW ORLEANS LA 70119 2897515 0 1736 X WWW.VOASELA.ORG X 2000 LA THE MISSION OF THE ORGANIZATION IS TO OPERATE SINGLE ROOM OCCUPANCY AND (CONT'D ON SCHEDULE O) EFFICIENCY HOUSING GEARED TOWARDS THOSE WHO ARE HOMELESS OR ELDERLY IN THE NEW ORLEANS AREA. 2 1 0 0 0 0 250429 2865759 91725 15828 0 0 2748 15928 344902 2897515 0 0 0 0 0 0 0 0 0 684589 295689 684589 295689 -339687 2601826 1251997 1621901 2241876 9954 -989879 1611947 THE MISSION OF THE ORGANIZATION IS TO OPERATE SINGLE ROOM OCCUPANCY AND EFFICIENCY HOUSING GEARED TOWARDS THOSE WHO ARE HOMELESS OR ELDERLY IN THE NEW ORLEANS AREA. 0 0 295689 31756 AS A WAY TO PROVIDE AFFORDABLE AND SAFE HOUSING, THE ORGANIZATION OPERATES SINGLE ROOM OCCUPANCY AND EFFICIENCY HOUSING FOR THE HOMELESS AND ELDERLY. CONSISTING OF SEVENTY (70) UNITS, WHICH QUALIFIED FOR, AND WAS PREVIOUSLY ALLOCATED, LOW-INCOME HOUSING TAX CREDITS PURSUANT TO INTERNAL REVENUE CODE, SECTION 42, THESE CREDITS HAVE SINCE BEEN UTILIZED AND THE FIFTEEN-YEAR COMPLIANCE PERIOD HAS EXPIRED. 295689 1 1 0 0 0 0 0 0 0 0 1 0 0 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 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X GARY ALBERTO ZAPATA 5044822130 4152 CANAL STREET NEW ORLEANS LA 70119 VORIS N VIGEE PRESIDENT AND CEO 1.00 40.00 X X 0 268836 89636 ROBERT RHODEN SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 GARY ZAPATA CFO 1.00 40.00 X 0 129346 33133 0 398182 122769 0 0 1 0 0 2854254 11505 2865759 TENANT BASED SUBSIDY R 531110 15828 15828 15828 OTHER NON OPERATING IN 900099 15928 15928 15928 2897515 31756 0 0 X 9000 9000 15 15 6038 6038 83530 83530 25614 25614 7066 7066 81848 81848 21989 21989 30943 30943 REPAIRS AND MAINTENANCE 26779 26779 SUPPLIES 2409 2409 OTHER EXPENSES 458 458 295689 295689 0 0 9732 406375 5362 611 2971472 1772752 1220708 1198720 16195 16195 1251997 1621901 590410 120 1651466 9834 2241876 9954 X -989879 1611947 -989879 1611947 1251997 1621901 2601826 0 X X 0 1 X 1 1 1 X 254995 224857 256367 250429 2865759 3852407 119439 113243 118692 91725 15828 458927 374434 338100 375059 342154 2881587 4311334 0 0 0 4311334 2903 3469 2748 15928 25048 374434 341003 378528 344902 2897515 4336382 0.99420 0.99500 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 235000 235000 2736472 1772752 963720 1198720 DUE TO RNDC 815 DUE TO VOASELA, INC. 9019 9834 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, THE ORGANIZATION IS EXEMPT FROM INCOME TAXES, EXCEPT FOR NET INCOME FROM UNRELATED BUSINESS INCOME, AS A SUBORDINATE UNIT OF VOLUNTEERS OF AMERICA, INC. VOLUNTEERS OF AMERICA, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS A RELIGIOUS ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THERE WAS NO MATERIAL UNRELATED BUSINESS INCOME IN 2022 AND 2021 AND, ACCORDINGLY, NO TAX EXPENSE WAS INCURRED 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. THE ORGANIZATION 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 VORIS N VIGEE PRESIDENT AND CEO 0 157778 0 80000 0 31058 0 35292 0 54344 0 358472 0 0 GARY ZAPATA CFO 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. VORIS VIGEE IS COMPENSATED BY VOASELA. NO OTHER BOARD MEMBERS OF VOA DEVELOPMNET, INC. ARE COMPENSATED BY VOA DEVELOPMENT, INC. FOR THEIR ROLE ON THE BOARD. VORIS IS COMPENSATED BY VOASELA FOR HER ROLE AS CEO OF VOASELA. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND IS REVIEWED BY VOASELA MANAGEMENT AND THE BOARD OF VOA DEVELOPMENT 2, INC. FORM 990, PART VI, SECTION B, LINE 12C VOA DEVELOPMENT 2, INC. 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 VOA DEVELOPMENT, INC. EMPLOYEES ARE EMPLOYEES OF 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 OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 83,530. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 83,530. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. VOLUNTEERS OF AMERICA 1660 DUKE STREET ALEXANDRIA VA 22314 131692595 HELP SOCIETY VA 501(C)(3) LINE 1 N/A 0 RENAISSANCE NEIGHBORHOOD CORPORATION 4152 CANAL STREET NEW ORLEANS LA 70119 208947208 HOUSING LA 501(C)(3) LINE 10 VOASELA 0 VOLUNTEERS OF AMERICA OF SOUTHEAST LOUISIANA INC AND SUBS 4152 CANAL STREET NEW ORLEANS LA 70119 720709750 HELP SOCIETY LA 501(C)(3) LINE 1 0 VOA DEVELOPMENT INC 4152 CANAL STREET NEW ORLEANS LA 70119 721306663 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 RNDC 0 RNDC WISDOM MANOR INC 4152 CANAL STREET NEW ORLEANS LA 70119 921072162 HOUSING LA 501(C)(3) LINE 10 RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 VOLUNTEERS OF AMERICA SOUTHEAST LOUISIANA O 75447 FMV VOLUNTEERS OF AMERICA SOUTHEAST LOUISIANA P 76252 FMV VOLUNTEERS OF AMERICA SOUTHEAST LOUISIANA C 2854254 FMV