2023-11-15T11:51:51-06:00 2023-06-30 721088864 LAPORTE APAC 111 VETERANS MEMORIAL BLVD 600 METAIRIE LA 700054958 990 2022-07-01 832734003 1770 TCHOUPITOULAS INC 1770 5047084370 4152 CANAL STREET NEW ORLEANS LA 70119 VANESSA LEVINE EXECUTIVE DIRECTOR 5047084370 2023-11-14 1 VANESSA LEVINE 999009999 1 JOHN S WILES CPA P01222673 5048355522 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z VANESSA LEVINE 4152 CANAL STREET NEW ORLEANS LA 70119 1276284 0 1736 X N/A X 2018 LA THE MISSION OF THE ORGANIZATION IS TO PROVIDE HOUSING RELATED SERVICES TO LOW (CONT'D ON SCHEDULE O) AND MODERATE INCOME PERSONS WHO ARE IN NEED OF AFFORDABLE HOUSING OPTIONS. THIS INCLUDES THE OWNERSHIP, OPERATION, AND DEVELOPMENT OF THE AFOREMENTIONED LOCATION WITH THE PROVISION OF HOUSING RELATED SERVICES ON A NONPROFIT BASIS. 2 0 0 0 70335 0 11770350 0 1159775 1255785 123 115 172689 20384 13102937 1276284 0 0 0 0 0 0 0 0 0 1227055 1459693 1227055 1459693 11875882 -183409 15510558 15148844 4689253 4510948 10821305 10637896 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 THE AFOREMENTIONED LOCATION WITH THE PROVISION OF HOUSING RELATED SERVICES ON A NONPROFIT BASIS. 0 0 1459693 1205834 THIS PROJECT WAS CREATED TO REHABILITATE A PRIOR UNUSED HISTORICAL PROPERTY INTO RENTAL OPTIONS IN THE GREATER NEW ORLEANS AREA THAT IS AFFORDABLE TO LOW- AND MODERATE-INCOME FAMILIES. NEW MARKET TAX CREDITS WERE USED ALONG WITH STATE AND FEDERAL HISTORIC TAX CREDITS TO CREATE A TOTAL OF 52 UNITS THAT PROVIDE A WONDERFUL HOME FOR MIXED-INCOME TENANTS. BOTH THE TAX CREDITS AND THEIR ASSOCIATED COMPLIANCE PERIODS HAVE SINCE EXPIRED AND THE PROPERTY IS RUN BY THE RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION (RNDC).THE PROJECT NOW PROVIDES DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PERSONS AND THE ORGANIZATION CONTINUES TO ACQUIRE, OWN, DEVELOP, HOLD, SELL, LEASE, TRANSFER, EXCHANGE(CONT'D ON SCHEDULE O), OPERATE,AND MANAGE AFFORDABLE HOUSING PROJECTS. 1459693 1 0 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 5 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 2 0 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/CEO 1.00 40.00 X X 0 268836 89636 VANESSA LEVINE RNDC EXECUTIVE VICE PRESIDENT 4.00 40.00 X X 0 173543 34498 GARY ZAPATA CFO 2.00 40.00 X 0 129346 33133 0 571725 157267 0 0 1 0 ROOF TECHNOLOGIES INC 631 MANHATTAN BLVD HARVEY LA 70058 CONSTRUCTION MANAGEMENT 210424 1 RENTAL INCOME 531110 1255785 1185450 70335 1255785 115 115 MISC REVENUE 900099 10499 10499 RENT RELATED FEES 900099 9885 9885 20384 1276284 1205834 70335 115 5820 5820 103745 103745 7115 7115 168781 168781 467 467 195734 195734 542884 542884 215508 215508 EQUIPMENT RENTAL AND MA 206695 206695 OTHER 8334 8334 SUPPLIES 3308 3308 BANK FEES 1249 1249 53 53 1459693 1459693 0 0 200505 386782 58759 239216 113031 132010 19088637 5062229 14508024 14026408 630239 364428 15510558 15148844 166285 165452 4427518 4249172 95450 96324 4689253 4510948 X 10821305 10637896 10821305 10637896 15510558 15148844 -183409 0 X X 0 1 X 1 0 X 11770350 11770350 6830834 1230853 611613 1093453 1185721 10952474 6830834 1230853 611613 12863803 1185721 22722824 0 249233 80664 329897 249233 80664 329897 22392927 70 346 254 123 115 908 25075 25075 70 346 25329 123 115 25983 9804 1500 15094 20384 46782 6840708 1232699 636942 12879020 1206220 22795589 0.98230 0.00110 X 1927829 1927829 17160808 5062229 12098579 14026408 DUE TO PROJECTS IN DEVELOPMENT 50616 DUE TO VOASELA 22517 PREPAID RENT 11007 REFUNDABLE SECURITY DEPOSITS 12184 96324 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 VORIS N VIGEE PRESIDENT/CEO 0 157778 0 80000 0 31058 0 35292 0 54344 0 358472 0 0 VANESSA LEVINE RNDC EXECUTIVE VICE PRESIDENT 0 153423 0 20000 0 120 0 17789 0 16709 0 208041 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. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND IS REVIEWED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS UPDATED AS NEEDED AND DISTRIBUTED TO THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 ALL 1770 TCHOUPITOULAS, INC. 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 XII, LINE 2C: THE BOARD MEMBERS OF 1770 TCHOUPITOULAS, INC. ARE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND REVIEW OF THE 990. 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 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 1660 DUKE STREET ALEXANDRIA VA 22314 131692595 HELP SOCIETY VA 501(C)(3) LINE 1 N/A 0 VOA DEVELOPMENT INC 4152 CANAL STREET NEW ORLEANS LA 70119 721306663 HELP SOCIETY LA 501(C)(3) LINE 10 VOASELA 0 VOA DEVELOPMENT 2 INC 4152 CANAL STREET NEW ORLEANS LA 70119 721486697 HOUSING LA 501(C)(3) LINE 10 VOASELA 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 MILLENNIUM PROPERTIES INC 4152 CANAL STREET NEW ORLEANS LA 70119 472384782 HOUSING LA N/A C 0 COTTAGES AT MILE BRANCH MM LLC 4152 CANAL STREET NEW ORLEANS LA 70119 813126236 HOUSING LA N/A C 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 VOLUNTEERS OF AMERICA SELA INC J 249345 FMV VOLUNTEERS OF AMERICA SELA INC O 77820 FMV VOLUNTEERS OF AMERICA SELA INC P 18334 FMV RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION P 39193 FMV RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION J 231303 FMV