Voa Development Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 721306663 ✦ New orleans, LA ✦ Designated as a 501(c)(3)

Overview

What is Voa Development Inc?

Voa Development Inc is a nonprofit organization situated in New Orleans, Louisiana. With a primary focus on providing affordable and safe housing, they operate single room occupancy and efficiency housing units for the homeless and elderly. Initially, these units were allocated low-income housing tax credits under Internal Revenue Code Section 42. These credits have been utilized, and the fifteen-year compliance period has expired. Voa Development Inc's mission revolves around catering to those in need in the New Orleans area, offering housing solutions tailored to the homeless and elderly population.


Official website here: www.voasela.org

Is Voa Development Inc legitimate?

Voa Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Voa Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.voasela.org

What is the mission statement of Voa Development Inc?

Voa Development Inc's mission is centered around providing affordable and safe housing for individuals who are homeless or elderly. The organization operates single room occupancy and efficiency housing units in an unspecified location. Their mission is to offer a shelter for these vulnerable groups, ensuring their basic needs are met. The housing complex, consisting of 82 units, previously benefited from Low-Income Housing Tax Credits, which have since been utilized, marking the end of the 15-year compliance period.


Official website here: www.voasela.org

Who is the CEO of Voa Development Inc?

Voris N Vigee is the President And Ceo of Voa Development Inc. The CEO's salary of Voa Development Inc is $0 and their total compensation is $358,472.


Official website here: www.voasela.org

What is the revenue of Voa Development Inc?

Voa Development Inc's revenue in 2023 was $545,318.


Official website here: www.voasela.org

Who are the executives of Voa Development Inc and what are their salaries?

Here are 3 key members and their salaries (Voa Development Inc's CEO's salary is $0 and their total compensation is $358,472):

    Voris Vigee (President And Ceo) [Trustee/Director]
  • Compensation: $0
  • Related: $268,836
  • Other: $89,636

    • Gary Zapata (Cfo)
  • Compensation: $0
  • Related: $129,346
  • Other: $33,133

    • Robert Rhoden (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.voasela.org

    Where can I find the form 990 for Voa Development Inc?

    The Voa Development Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.voasela.org

    Learn more at the official website: www.voasela.org

    Mission Statement of Voa Development Inc

    Voa Development Inc is an organization dedicated to providing affordable and safe housing for individuals who are either homeless or elderly. Their mission is centered around operating Single Room Occupancy and efficiency housing units, catering specifically to this demographic. By doing so, Voa Development Inc aims to contribute positively to the community, offering a secure living space for those in need.

    According to the information provided, Voa Development Inc operates a total of 82 units, which were previously allocated Low-Income Housing Tax Credits under Internal Revenue Code, Section 42. These credits have been utilized, and the fifteen-year compliance period has expired. This suggests that Voa Development Inc has a long-standing commitment to providing affordable housing solutions for the vulnerable population it serves.

    In summary, Voa Development Inc is a nonprofit organization that operates Single Room Occupancy and efficiency housing units, primarily for homeless and elderly individuals. By providing affordable and safe housing, Voa Development Inc seeks to contribute positively to its community, ensuring that those in need have a secure place to live.

    Impact

    This information is meant to be a general summary of Voa Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Voa Development Inc's impact is significant in providing affordable and safe housing for the homeless and elderly in the New Orleans area. Through the operation of single room occupancy and efficiency housing, the organization offers 82 units that cater specifically to those in need. By ensuring access to housing through low-income housing tax credits, Voa Development Inc plays a crucial role in addressing homelessness and housing insecurity in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $0
  • Program Service Revenue: $138,504
  • Gross Receipts: $545,318

    • Assets and Liabilities:
  • Total Assets: $930,828
  • Total Liabilities: $869,247
  • Net Assets: $61,581
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TENANT BASED SUBSIDY R

    Revenue

    $138,504

    Organization Details

    Founding Year

    1995

    Principal Officer

    Voris N Vigee

    Main Address

    4152 CANAL STREET, NEW ORLEANS, LA, 70119

    NTEE Category

    Code: S80 - Community improvement

    If you are a representative of Voa Development Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.