Totals
- Total revenue
- $2,474,377
- Total expenses
- $2,714,447
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,998,914
- Investment income
- $179,666
- Other revenue
- $295,797
- Total assets, end of year
- $30,981,160
- Total liabilities, end of year
- $2,810,265
- Net assets or fund balances, end of year
- $28,170,895
- Program services expenses (Part IX)
- $2,714,447
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,714,447
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: ASSET MANAGEMENT FEE
total $896,769 · related or exempt $896,769
-
2b · Program service revenue: HOUSING DEVELOPMENT FE
total $727,145 · related or exempt $727,145
-
2c · Program service revenue: DEVELOPER CONSULTING S
total $375,000 · related or exempt $375,000
-
3 · Investment income
total $155,825 · excluded $155,825
-
6a · Gross rents
real property $19,000
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $19,000
-
6d · Net rental income or loss
total $19,000 · related or exempt $19,000
-
7a · Gross sales of assets other than inventory
securities $23,841
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $23,841
-
7d · Net gain or loss
total $23,841 · excluded $23,841
-
11a · Other revenue: SELF STORAGE FACILITY
total $419,384 · unrelated business $419,384
-
11b · Other revenue: CHATEAU CARRE GP
total -$768 · related or exempt -$768
-
11c · Other revenue: NEW COVINGTON APARTMEN
total -$141,819 · related or exempt -$141,819
-
11e · Other revenue, total
$276,797
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $23,579 · program services $23,579
-
11b · Fees: legal
total $5,843 · program services $5,843
-
11c · Fees: accounting
total $68,421 · program services $68,421
-
11f · Fees: investment management
total $7,815 · program services $7,815
-
11g · Fees: other
total $1,976,600 · program services $1,976,600
-
12 · Advertising and promotion
total $8,143 · program services $8,143
-
13 · Office expenses
total $26,181 · program services $26,181
-
16 · Occupancy
total $309,693 · program services $309,693
-
17 · Travel
total $32,795 · program services $32,795
-
20 · Interest
total $31,944 · program services $31,944
-
21 · Payments to affiliates
total $59,601 · program services $59,601
-
22 · Depreciation, depletion and amortization
total $34,922 · program services $34,922
-
23 · Insurance
total $27,279 · program services $27,279
-
24a · Other expenses: MISCELLANEOUS EXPENSES
total $52,754 · program services $52,754
-
24b · Other expenses: PROGRAM SUPPLIES AND EQ
total $32,782 · program services $32,782
-
24c · Other expenses: MERCHANT CREDIT CARD FE
total $11,161 · program services $11,161
-
24d · Other expenses: CORPORATE TAXES
total $2,390 · program services $2,390
-
24e · All other expenses
total $2,544 · program services $2,544
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $362,189 · end of year $2,556,580
-
3 · Pledges and grants receivable
beginning of year $16,698 · end of year $16,698
-
4 · Accounts receivable
beginning of year $389,031 · end of year $223,159
-
9 · Prepaid expenses and deferred charges
beginning of year $25,269 · end of year $63,852
-
10a · Land, buildings and equipment: cost or other basis
$1,916,379
-
10b · Land, buildings and equipment: accumulated depreciation
$280,379
-
10c · Land, buildings and equipment, net
beginning of year $1,667,168 · end of year $1,636,000
-
11 · Investments: publicly traded securities
beginning of year $1,864,466 · end of year $2,067,361
-
13 · Investments: program-related
beginning of year $27,149,351 · end of year $23,613,071
-
15 · Other assets
beginning of year $940,701 · end of year $804,439
-
17 · Accounts payable and accrued expenses
beginning of year $323,209 · end of year $212,335
-
23 · Secured mortgages and notes payable
beginning of year $1,845,113 · end of year $1,917,219
-
24 · Unsecured notes and loans payable
beginning of year $371,886 · end of year $198,054
-
25 · Other liabilities
beginning of year $897,074 · end of year $482,657
-
27 · Net assets without donor restrictions
beginning of year $28,977,591 · end of year $28,170,895
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 VARIOUS HOUSING FACILITIES ON A NONPROFIT BASIS WITH THE PROVISION OF HOUSING (CONT'D ON SCHEDULE O) RELATED SERVICES ON A NONPROFIT BASIS. THIS INCLUDES SUCH PURPOSES AS THE MAKING OF DISTRIBUTIONS AND CONTRIBUTIONS TO ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM TAXATION UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE.
Activities or mission (Part I)
THE MISSION OF THE ORGANIZATION IS TO PROVIDE HOUSING RELATED SERVICES TO (CONT'D ON SCHEDULE O) THOSE WHO ARE IN NEED OF AFFORDABLE HOUSING OPTIONS. THIS INCLUDES THE OWNERSHIP AND OPERATION OF VARIOUS HOUSING FACILITIES ON A NONPROFIT BASIS WITH THE PROVISION OF HOUSING RELATED SERVICES ON A NONPROFIT BASIS. THIS INCLUDES SUCH PURPOSES AS THE MAKING OF DISTRIBUTIONS AND CONTRIBUTIONS TO ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM TAXATION UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE.
-
CREATED IN RESPONSE TO THE DEVASTATION CAUSED BY HURRICANE KATRINA, RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION (RNDC) CONSTRUCTS, REHABILITATES OR ACQUIRES HOUSING IN THE GREATER NEW ORLEANS AREA THAT IS AFFORDABLE TO VERY LOW-, LOW-, AND MODERATE-INCOME FAMILIES.
Expenses $2,714,447 · Revenue $1,875,327
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Leonard Simmons JrLEONARD SIMMONS JR
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Mike KingMIKE 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
-
Shawn M BloomSHAWN M BLOOM
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Voris VigeeVORIS VIGEE
PRESIDENT & CEO
- Total calculated
- $371,179
- From this org
- $0
- From related orgs
- $259,282
- Other
- $111,897
- Hours/week
- 15 + 25 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
-
Vanessa LevineVANESSA LEVINE
EXECUTIVE DIRECTOR
- Total calculated
- $235,715
- From this org
- $0
- From related orgs
- $179,456
- Other
- $56,259
- Hours/week
- 36 + 4 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
-
Gary ZapataGARY ZAPATA
CHIEF FINANCIAL OFFICER
- Total calculated
- $192,743
- From this org
- $0
- From related orgs
- $143,405
- Other
- $49,338
- Hours/week
- 15 + 25 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
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.
-
VOLUNTEERS OF AMERICA SOUTHEAST LOUISIANA
501(C)(3) · OPERATE A RELIGIOUS, MISSIONARY AND WELFARE SOCIETY · LA
-
501(C)(3) · HOUSING · LA
Directly controlled by VOASELA
-
501(C)(3) · HELP SOCIETY · LA
Directly controlled by VOASELA
-
501(C)(3) · HOUSING · LA · controlled entity
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
501(C)(3) · HOUSING · LA · controlled entity
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
WM MANAGERS LLC
HOUSING · LA · income -$50,670
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
RIVERFRONT SELF STORAGE
STORAGE FACILITY · LA · income -$17,910 · assets $790,851
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
CHATEAU CARRE APARTMENTS LP
RELATED · HOUSING · LA · 0.01% owned · share of income -$47 · share of assets $150,090 · general or managing partner
Directly controlled by CHATEAU CARRE GP LLC
-
NEW COVINGTON APARTMENTS LP
RELATED · HOUSING · LA · 0.01% owned · share of income -$141,840 · share of assets $12,282,138 · general or managing partner
Directly controlled by NEW COVINGTON GP LLC
-
WISDOM MANOR LLC
RELATED · HOUSING · LA · 0.01% owned · share of income -$50,670 · general or managing partner
Directly controlled by WM MANAGERS LLC
-
BAYOU CANE APARTMENTS LP
RELATED · HOUSING · LA · 0.01% owned · share of income -$15 · share of assets $255,031 · general or managing partner
Directly controlled by BAYOU CANE GP LLC
-
THE COTTAGES AT MILE BRANCH LLC
RELATED · HOUSING · LA · 0.01% owned · share of income -$13 · share of assets $252,855 · general or managing partner
Directly controlled by COTTAGES AT MILE BRANCH MM LLC
-
EMBASSY APARTMENTS SHREVEPORT
RELATED · HOUSING · LA · 0.01% owned · share of income -$29 · share of assets $179,347 · general or managing partner
Directly controlled by EMBASSY APTS SHREVEPORT MM LLC
-
HOUMA SCHOOL APARTMENTS LLC
RELATED · HOUSING · LA · 0.01% owned · share of income -$11 · share of assets $136,891 · general or managing partner
Directly controlled by HOUMA SCHOOL APARTMENTS MM LLC
-
VALENCIA PARK LLC
RELATED · HOUSING · LA · 0.01% owned · share of income -$63 · share of assets $2,743,433 · general or managing partner
Directly controlled by VALENCIA PARK MM LLC
-
FSJ HOMES LLC
RELATED · HOUSING · LA · 0.01% owned · share of income -$64 · share of assets $1,670,001 · general or managing partner
Directly controlled by FSJ HOMES MM LLC
-
RNDC BR LLC
RELATED · HOUSING · LA · 0.01% owned · share of income -$359 · share of assets $2,474,465 · general or managing partner
Directly controlled by RNDC BR MM LLC
-
CHATEAU CARRE GP LLC
RELATED · HOUSING · LA · 79% owned · share of income -$768 · share of assets $118,573 · general or managing partner
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
CELESTE LANDING LLC
RELATED · HOUSING · LA · 0.01% owned · share of assets $1,106,316 · general or managing partner
Directly controlled by CELESTE LANDING MM LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MILLENNIUM PROPERTIES INC
C · HOUSING · LA · 100% owned · share of income -$8,835 · share of assets $22,818,195 · controlled entity
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
HOUMA SCHOOL APARTMENTS MM LLC
C · HOUSING · LA · 100% owned · share of income -$936 · share of assets $136,905 · controlled entity
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
NEW COVINGTON GP LLC
C · HOUSING · LA · 100% owned · share of income -$946 · share of assets $150,023 · controlled entity
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
BAYOU CANE GP LLC
C · HOUSING · LA · 100% owned · share of income -$940 · share of assets $255,037 · controlled entity
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
COTTAGES AT MILE BRANCH MM LLC
C · HOUSING · LA · 100% owned · share of income $7,500 · share of assets $252,857 · controlled entity
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
EMBASSY APTS SHREVEPORT MM LLC
C · HOUSING · LA · 100% owned · share of income -$954 · share of assets $179,347 · controlled entity
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
FSJ HOMES MM LLC
C · HOUSING · LA · 100% owned · share of income -$2,411 · share of assets $1,670,001 · controlled entity
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
RNDC BR MM LLC
C · HOUSING · LA · 100% owned · share of income -$1,284 · share of assets $2,474,465 · controlled entity
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
VALENCIA PARK MM LLC
C · HOUSING · LA · 100% owned · share of income -$988 · share of assets $2,743,433 · controlled entity
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
THE GROVES AT MILE BRANCH COMMUNITY ASSOCIATION INC
C · HOMEOWNERS ASSOCIATION · LA · 100% owned · share of income $669 · share of assets $28,727 · controlled entity
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
CELESTE LANDING MM
C · HOUSING · LA · 100% owned · share of assets $1,106,316 · controlled entity
Directly controlled by RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520699349300547
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