Overview
What is Voa Development 2 Inc?
Voa Development 2 Inc is a nonprofit organization situated in New Orleans, Louisiana. Their primary objective is to provide affordable and safe housing for the homeless and elderly. They operate 70 units of single room occupancy and efficiency housing, which were previously allocated Low-Income Housing Tax Credits under Internal Revenue Code Section 42. These credits have been utilized, and the compliance period has expired. The organization's mission is dedicated to serving the homeless and elderly population in the New Orleans area, offering them a secure living space.
Official website here: www.voasela.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Voa Development 2 Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score is entirely based on the Accountability & Finance metrics, which reflects the organization's commitment to transparency and responsible management of its resources.
The charity scored particularly well in several areas, achieving full points in crucial aspects such as financial statements audit, material diversion of assets, and the implementation of various essential policies like conflict of interest and whistleblower protections. Their liabilities to assets ratio is impressively low at 0.61%, which suggests strong financial stability.
However, while the organization excels in accountability, the rating does not provide insights into other operational aspects or program effectiveness. Potential donors may want to consider this limitation when assessing the charity’s overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Voa Development 2 Inc legitimate?
Voa Development 2 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Voa Development 2 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:
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 2 Inc?
Voa Development 2 Inc's mission is centered around providing affordable and safe housing for individuals who are either homeless or elderly. The organization operates single room occupancy and efficiency housing units, specifically designing these accommodations to cater to the needs of this vulnerable group. Located in an unspecified area, the organization houses approximately 70 units, which were previously allocated low-income housing tax credits. These credits have been utilized, and the compliance period has expired. The mission of Voa Development 2 Inc is to provide a secure living space for those in need, promoting dignity and independence through suitable housing options.
Official website here: www.voasela.org
Who is the CEO of Voa Development 2 Inc?
Voris N Vigee is the CEO of Voa Development 2 Inc The CEO's salary of Voa Development 2 Inc is $0 and their total compensation is $371,179.
Official website here: www.voasela.org
What is the revenue of Voa Development 2 Inc?
Voa Development 2 Inc's revenue in 2024 was $218,222.
Official website here: www.voasela.org
Who are the executives of Voa Development 2 Inc and what are their salaries?
Here are 3 key members and their salaries (Voa Development 2 Inc's CEO's salary is $0 and their total compensation is $371,179):
- Compensation: $0
- Related: $259,282
- Other: $111,897
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $143,405
- Other: $49,338
Official website here: www.voasela.org
Where can I find the form 990 for Voa Development 2 Inc?
Voa Development 2 Inc's most recent form 990 was submitted in 2024 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 2 Inc
Voa Development 2 Inc is committed to operating single room occupancy and efficiency housing specifically targeted towards individuals who are homeless or elderly in the community. The organization's mission is to provide affordable and safe housing solutions for these vulnerable groups, ensuring they have a secure living space. Previously, Voa Development 2 Inc qualified for and was allocated Low-Income Housing Tax Credits, as per the Internal Revenue Code, Section 42. These credits were utilized, and the fifteen-year compliance period has since expired. This indicates that Voa Development 2 Inc has successfully fulfilled its commitment to offer affordable housing options to those in need, demonstrating its dedication to making a positive impact in the lives of the homeless and elderly population.
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Impact
July, 2024
Voa Development 2 Inc's impact lies in providing affordable and safe housing solutions for the homeless and elderly population in the New Orleans area. Through the operation of single room occupancy and efficiency housing, the organization offers a crucial lifeline to individuals in need of stable shelter. By managing seventy units dedicated to this cause, Voa Development 2 Inc plays a vital role in addressing homelessness and housing insecurity in the community. Their efforts contribute significantly to improving the lives of vulnerable individuals by providing them with a place to call home.
This information is meant to be a general summary of Voa Development 2 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 2024.
- Program Service Revenue: $15,828
- Gross Receipts: $218,222
Assets and Liabilities:
- Total Assets: $1,621,901
- Total Liabilities: $9,954
- Net Assets: $1,611,947
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT BASED SUBSIDY R
Revenue
$15,828
Organization Details
Founding Year
2000
Principal Officer
Voris N Vigee
Website
www.voasela.orgNTEE Category
Code: S80 - Community improvement
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