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← VOLUNTEERS OF AMERICA INC

Form 990 for tax year 2023

Filed by VOLUNTEERS OF AMERICA INC.

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 Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Mike 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 Bloom

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Voris 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 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 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.

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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