Volunteers Of America Inc
- Assets
- $32.4m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 05/1965
- Data as of
- 06/2023
- EIN
- 20-8947208
Organization Overview
Volunteers Of America Inc is located in New Orleans, LA. The organization was established in 1965. According to its NTEE Classification (P26) the organization is classified as: Volunteers of America, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Volunteers Of America Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Volunteers Of America Inc generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Simmons Jr Chairman | OfficerTrustee | 1 | $0 |
Mike King Secretary | OfficerTrustee | 1 | $0 |
Shawn M Bloom Treasurer | OfficerTrustee | 1 | $0 |
Voris Vigee President & CEO | OfficerTrustee | 1 | $0 |
Vanessa Levine Executive Director | Officer | 36 | $0 |
Gary Zapata Chief Financial Officer | Officer | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Volunteers Of America Southeast Louisian Staffing And Other Outsourced Costs | 6/29/23 | $801,499 |
Volunteers Of America National Services Asset Management Services | 6/29/23 | $127,000 |
Mark Treadaway Construction Management | 6/29/23 | $121,711 |
Mission Design Llc Architecture And Design Services | 6/29/23 | $100,137 |
Volunteers Of America Southeast Louisian Staffing And Other Outsourced Costs | 6/29/23 | $801,499 |
Volunteers Of America National Services Asset Management Services | 6/29/23 | $127,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,349,211 |
| Investment income | $204,866 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,950 |
| Net Gain/Loss on Asset Sales | $45,055 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,055,890 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $23,622 |
| Fees for services: Legal | $3,807 |
| Fees for services: Accounting | $61,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,743,198 |
| Advertising and promotion | $5,059 |
| Office expenses | $19,605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $283,337 |
| Travel | $46,036 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67,820 |
| Payments to affiliates | $60,000 |
| Depreciation, depletion, and amortization | $37,431 |
| Insurance | $25,120 |
| All other expenses | $1,438 |
| Total functional expenses | $2,477,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,189 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,698 |
| Accounts receivable, net | $389,031 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,269 |
| Net Land, buildings, and equipment | $1,667,168 |
| Investments—publicly traded securities | $1,864,466 |
| Investments—other securities | $0 |
| Investments—program-related | $27,149,351 |
| Intangible assets | $0 |
| Other assets | $940,701 |
| Total assets | $32,414,873 |
| Accounts payable and accrued expenses | $323,209 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,845,113 |
| Unsecured mortgages and notes payable | $371,886 |
| Other liabilities | $897,074 |
| Total liabilities | $3,437,282 |
| Net assets without donor restrictions | $28,977,591 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $32,414,873 |