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Nonprofiteer
← VOLUNTEERS OF AMERICA INC

Form 990 for tax year 2023

Filed by VOLUNTEERS OF AMERICA INC.

Totals

Total revenue
$1,228,984
Total expenses
$1,424,318
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,201,365
Investment income
$94
Other revenue
$27,525
Total assets, end of year
$14,574,711
Total liabilities, end of year
$4,132,149
Net assets or fund balances, end of year
$10,442,562
Program services expenses (Part IX)
$1,424,318
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,424,318

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $1,201,365 · related or exempt $1,133,794 · unrelated business $67,571

  • 3 · Investment income

    total $94 · excluded $94

  • 11a · Other revenue: RENT RELATED FEES

    total $27,089 · related or exempt $27,089

  • 11b · Other revenue: MISC REVENUE

    total $436 · related or exempt $436

  • 11e · Other revenue, total

    $27,525

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $6,375 · program services $6,375

  • 11g · Fees: other

    total $141,098 · program services $141,098

  • 13 · Office expenses

    total $11,210 · program services $11,210

  • 16 · Occupancy

    total $204,146 · program services $204,146

  • 19 · Conferences, conventions and meetings

    total $2,240 · program services $2,240

  • 20 · Interest

    total $187,624 · program services $187,624

  • 22 · Depreciation, depletion and amortization

    total $549,998 · program services $549,998

  • 23 · Insurance

    total $142,181 · program services $142,181

  • 24a · Other expenses: EQUIPMENT RENTAL AND MA

    total $172,376 · program services $172,376

  • 24b · Other expenses: OTHER

    total $4,518 · program services $4,518

  • 24c · Other expenses: BANK FEES

    total $1,557 · program services $1,557

  • 24d · Other expenses: HURRICANE PREPAREDNESS

    total $995 · program services $995

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $386,782 · end of year $415,784

  • 4 · Accounts receivable

    beginning of year $239,216 · end of year $245,024

  • 9 · Prepaid expenses and deferred charges

    beginning of year $132,010 · end of year $174,770

  • 10a · Land, buildings and equipment: cost or other basis

    $19,323,553

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,585,420

  • 10c · Land, buildings and equipment, net

    beginning of year $14,026,408 · end of year $13,738,133

  • 15 · Other assets

    beginning of year $364,428 · end of year $1,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $165,452 · end of year $187,261

  • 23 · Secured mortgages and notes payable

    beginning of year $4,249,172 · end of year $3,828,436

  • 25 · Other liabilities

    beginning of year $96,324 · end of year $116,452

  • 27 · Net assets without donor restrictions

    beginning of year $10,637,896 · end of year $10,442,562

Mission and programs · 2023

Mission

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.

Activities or mission (Part I)

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.

  • 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.

    Expenses $1,424,318 · Revenue $1,161,319

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Voris N Vigee

    PRESIDENT/CEO

    Total calculated
    $371,179
    From this org
    $0
    From related orgs
    $259,282
    Other
    $111,897
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,291 related
    Bonus
    $0 + $65,000 related
    Other
    $0 + $30,991 related
    Deferred
    $0 + $38,718 related
    Nontaxable benefits
    $0 + $73,179 related
    Filer's total
    $0 + $371,179 related

  • Michael W King

    SECRETARY

    Total calculated
    $825,085
    From this org
    $0
    From related orgs
    $645,785
    Other
    $179,300
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $619,319 related
    Bonus
    $0 + $7,524 related
    Other
    $0 + $18,942 related
    Deferred
    $0 + $109,404 related
    Nontaxable benefits
    $0 + $69,896 related
    Filer's total
    $0 + $825,085 related

  • Leonard Simmons Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Shawn M Bloom

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Gary Zapata

    CFO

    Total calculated
    $192,743
    From this org
    $0
    From related orgs
    $143,405
    Other
    $49,338
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,156 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $249 related
    Deferred
    $0 + $22,500 related
    Nontaxable benefits
    $0 + $26,838 related
    Filer's total
    $0 + $192,743 related

  • Vanessa Levine

    EXECUTIVE DIRECTOR

    Total calculated
    $235,715
    From this org
    $0
    From related orgs
    $179,456
    Other
    $56,259
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,290 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $166 related
    Deferred
    $0 + $20,077 related
    Nontaxable benefits
    $0 + $36,182 related
    Filer's total
    $0 + $235,715 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MILLENNIUM PROPERTIES INC

    C · HOUSING · LA

Provenance

Return type
form_990
Tax year
2023
Filed
6 March 2025
IRS schema version
2023v6.0
Source object
202540669349301144

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