2025-03-07T14:14:37-06:00 2024-06-30 721088864 LAPORTE APAC 111 VETERANS MEMORIAL BLVD 600 METAIRIE LA 700054958 990 2023-07-01 721486697 VOA DEVELOPMENT 2 INC VOAD 5044822130 4152 CANAL STREET NEW ORLEANS LA 70119 VORIS N VIGEE PRESIDENT AND CEO 5044822130 2025-03-06 1 1 JOHN S WILES CPA P01222673 5048355522 2025-03-06 2023 2025-03-06 01:10:19Z VORIS N VIGEE 4152 CANAL STREET NEW ORLEANS LA 70119 218222 0 1736 X WWW.VOASELA.ORG X 2000 LA THE MISSION OF THE ORGANIZATION IS TO OPERATE SINGLE ROOM OCCUPANCY AND (CONTINUED ON SCHEDULE O) EFFICIENCY HOUSING GEARED TOWARDS THOSE WHO ARE HOMELESS OR ELDERLY IN THE NEW ORLEANS AREA. 2 1 0 0 0 0 2865759 218222 15828 0 0 0 15928 0 2897515 218222 0 0 0 0 0 0 0 0 0 295689 2312 295689 2312 2601826 215910 1621901 1878156 9954 50299 1611947 1827857 X 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 1 2312 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. 2312 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 39.00 X X 0 259282 111897 ROBERT RHODEN SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 GARY ZAPATA CFO 1.00 39.00 X 0 143405 49338 0 402687 161235 0 0 1 0 0 37408 180814 218222 218222 0 0 0 94 94 761 761 644 644 OTHER EXPENSES 813 813 2312 2312 0 0 406375 55426 611 3579287 1772752 1198720 1806535 16195 16195 1621901 1878156 120 1600 9834 48699 9954 50299 X 1611947 1827857 1611947 1827857 1621901 1878156 215910 0 X X 0 1 X 1 1 1 X 224857 256367 250429 2865759 218222 3815634 113243 118692 91725 15828 339488 338100 375059 342154 2881587 218222 4155122 0 0 0 4155122 2903 3469 2748 15928 25048 341003 378528 344902 2897515 218222 4180170 0.99400 0.99420 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 235000 235000 3344287 1772752 1571535 1806535 DUE TO RNDC 815 DUE TO VOASELA, INC. 47884 48699 X PART X, LINE 2: UNDER PROVISIONS OF SECTION 501(C)(3) OF THE IRC 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 IRC AS A RELIGIOUS ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THERE WAS NO MATERIAL UNRELATED BUSINESS NET INCOME IN FISCAL YEARS ENDED JUNE 30, 2024 AND 2023. 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. THE ORGANIZATION 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 REALIZEED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. 0 1 0 0 0 0 0 0 0 VORIS N VIGEE PRESIDENT AND CEO 0 163291 0 65000 0 30991 0 38718 0 73179 0 371179 0 0 GARY ZAPATA CFO 0 133156 0 10000 0 249 0 22500 0 26838 0 192743 0 0 PART I, LINE 4B VORIS VIGEE CONTRIBUTED $8,718 TO THE ORGANIZATION'S 409A DEFERRED COMPENSATION PLAN. 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 III, LINE 3 DURING THIS PAST FISCAL YEAR THE ORGANIZATION DISCONTINUED THE SINGLE ROOM OCCUPANY PROGRAM AND RECEIVED ITS FINAL RENTAL ASSISTANCE PAYMENTS. THE ENTITY ENTERED INTO NEGOTIATIONS TO USE BOTH STATE NEW MARKET AND HISTORIC TAX CREDITS TO REDEVELOP THE PROPERTY INTO A SUBSTANCE ABUSE REHAB FACILITY FOR PREGNANT AND PARENTING WOMEN. NEGOTIATIONS WERE STILL IN PROCESS AT 06/30/2024 AND CLOSED ON 07/18/2024. 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 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 RNDC 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 VOLUNTEERS OF AMERICA SOUTHEAST LOUISIANA E 47884 FMV VOLUNTEERS OF AMERICA SOUTHEAST LOUISIANA C 180814 FMV