2025-03-07T14:15:05-06:00 2024-06-30 721088864 LAPORTE APAC 111 VETERANS MEMORIAL BLVD 600 METAIRIE LA 700054958 990 2023-07-01 721306663 VOA DEVELOPMENT INC VOAD 5044822130 4152 CANAL STREET NEW ORLEANS LA 70119 VORIS N VIGEE PRESIDENT 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 631486 0 1736 X WWW.VOASELA.ORG X 1995 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 397009 394707 138504 214243 0 0 9805 22536 545318 631486 0 0 0 0 0 0 0 0 0 684550 773661 684550 773661 -139232 -142175 930828 883832 869247 964426 61581 -80594 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 773661 236779 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 EIGHTY-TWO (82) 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. 773661 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 VIGEE PRESIDENT AND CEO 1.00 39.00 X X 0 259282 111897 ROBERT RHODEN SECRETARY 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 394707 394707 TENANT BASED SUBSIDY R 531110 214243 214243 214243 OTHER OPERATING INCOME 900099 22536 22536 22536 631486 236779 0 0 X 24000 24000 2190 2190 6110 6110 203850 203850 6531 6531 349926 349926 305 305 17402 17402 30309 30309 76084 76084 REPAIRS AND MAINTENANCE 29140 29140 SUPPLIES 24992 24992 OTHER 2822 2822 773661 773661 0 0 9083 10740 20343 1999 1322953 457786 895476 865167 5926 5926 930828 883832 68464 74122 800783 890304 869247 964426 X 61581 -80594 61581 -80594 930828 883832 -142175 0 X X 0 1 X 1 1 1 X 324484 372656 303792 397009 394707 1792648 128774 139901 39767 138504 214243 661189 453258 512557 343559 535513 608950 2453837 0 0 0 2453837 3081 3548 3563 9805 22536 42533 456339 516105 347122 545318 631486 2496370 0.98300 0.99130 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 377484 377484 833499 373754 459745 111970 84032 27938 865167 DUE TO RNDC 4624 DUE TO VOASELA 698705 VOSELA - MORTGAGE 1 PRINCIPAL 176439 SECURITY DEPOSIT 10346 REFUND CLEARING ACCOUNT 190 890304 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 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, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND IS REVIEWED BY VOASELA MANAGEMENT AND THE VOA DEVELOPMENT BOARD. FORM 990, PART VI, SECTION B, LINE 12C VOA DEVELOPMENT, INC. FOLLOWS VOASELA'S WRITTEN CONFLICT OF INTEREST POLICY. THIS POLICY IS UPDATED YEARLY OR AS NEEDED AND 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 203,850. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 203,850. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. VOLUNTEERS OF AMERICA 1660 DUKE STREET ALEXANDRIA LA 22314 131692595 HELP SOCIETY VA 501(C)(3) LINE 1 N/A 0 RENAISSANCE NEIGHBORHOOD DEVELOPMENT 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 N/A 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 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 VOLUNTEERS OF AMERICA SOUTHEAST LOUISIANA E 904937 FMV VOLUNTEERS OF AMERICA SOUTHEAST LOUISIANA O 319347 FMV VOLUNTEERS OF AMERICA SOUTHEAST LOUISIANA P 114268 FMV