Overview
What is Voans Cde Inc?
Voans Cde Inc is a nonprofit organization situated in Eden Prairie, Minnesota, with a specific mission to uplift low-income communities and individuals. Their primary activity involves providing development services and funding for community benefit facilities, aiming to improve the living conditions in underprivileged areas. To achieve this goal, they were awarded a $35 million New Market Tax Credit allocation, which they have invested to support community redevelopment projects in these areas. The organization's mission allows it or its participating entities to qualify for tax credits under Section 45D of the Internal Revenue Code.
Official website here: www.voa.org
Is Voans Cde Inc legitimate?
Voans Cde Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Voans Cde 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.
Heare are some key statistics you may want to consider:
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Official website here: www.voa.org
What is the mission statement of Voans Cde Inc?
Voans Cde Inc's mission is to serve low-income communities and individuals by offering development services and funding for community benefit facilities. This is done in a way that allows the organization or entities it collaborates with to qualify for New Market Tax Credits under Section 45D of the Internal Revenue Code. The organization has been awarded a New Market Tax Credit allocation of $35 million, which has been utilized to provide financing for community redevelopment projects in low-income areas. The organization's activities aim to enhance the living conditions and opportunities for individuals and communities in need.
Official website here: www.voa.org
What is the revenue of Voans Cde Inc?
Voans Cde Inc's revenue in 2020 was $116,594.
Official website here: www.voa.org
Who are the executives of Voans Cde Inc and what are their salaries?
Here are 10 key members and their salaries:
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- Related: $328,577
- Other: $102,523
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- Related: $278,027
- Other: $57,261
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- Related: $270,557
- Other: $45,215
Official website here: www.voa.org
Where can I find the form 990 for Voans Cde Inc?
Voans Cde Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.voa.org
Learn more at the official website: www.voa.org
Mission Statement of Voans Cde Inc
Voans Cde Inc, a nonprofit organization, is committed to serving low-income communities and individuals by providing development services and funding for community benefit facilities. Their mission is unique in that it aims to enable the organization or associated entities to qualify for New Market Tax Credits under Section 45D of the Internal Revenue Code. By doing so, Voans Cde Inc invests the funds it receives, such as the $35 million New Market Tax Credit allocation it was awarded, into community redevelopment projects in low-income areas. This mission ultimately contributes to improving the living conditions and access to essential facilities in these communities.
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Impact
October, 2024
Voans Cde Inc significantly impacts low-income communities by providing essential development services and funding for community benefit facilities. With a substantial New Market Tax Credit allocation of $35 million, the organization actively invests this capital to drive community redevelopment efforts in areas that need it most. By focusing on low-income individuals and neighborhoods, Voans Cde Inc enhances access to vital resources and infrastructure, fostering economic growth and improving overall quality of life for residents. The organization plays a crucial role in facilitating opportunities that might otherwise be unavailable, making a meaningful difference in the communities it serves.
This information is meant to be a general summary of Voans Cde Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Program Service Revenue: $116,594
- Gross Receipts: $116,594
Assets and Liabilities:
- Total Assets: $410,909
- Total Liabilities: $8,526
- Net Assets: $402,383
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE INCOME
Revenue
$65,617
OTHER INCOME
Revenue
$51,264
GAIN/LOSS ON DISPOSITI
Revenue
-$287
Organization Details
Founding Year
2010
Principal Officer
Peter Desjardins
Website
www.voa.orgNTEE Category
Code: S80 - Community improvement
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