Deo Volente
- Assets
- $2.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Auburn, AL
- Founding
- 01/2013
- Data as of
- 12/2022
- EIN
- 45-3980723
Organization Overview
Deo Volente is located in Auburn, AL. The organization was established in 2013. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deo Volente 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 12/2022, Deo Volente generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST LOW TO MODERATE INCOME INDIVIDUALS THROUGH INVESTMENT IN AFFORDABLE HOUSING LIMITED PARTNERSHIPS AND THROUGH CONTRIBUTIONS TO OTHER SECTION 501(C)(3) ORGANIZATIONS CURRENTLY PROVIDING RELATED SERVICES TO THESE INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTMENT IN LOW INCOME HOUSING LIMITED PARTNERSHIPS- THE ORGANIZATION INVESTS AS A LIMITED PARTNER IN PARTNERSHIPS THAT OWN INCOME RESTRICTED PROPERTIES TO ACT AS A "PLACE-HOLDER" SO THAT THE AFFORDABILITY OF THESE PROPERTIES FOR LOW TO MODERATE INCOME INDIVIDUALS CAN BE MAINTAINED. DURING 2022, THE ORGANIZATION MAINTAINED INVESTMENTS IN SIX OF THESE PARTNERSHIPS OPERATING AFFORDABLE HOUSING PROPERTIES LOCATED IN ALABAMA.
INVESTMENT IN LOCAL COMMUNITY EFFORTS TO ASSIST LOW TO MODERATE INCOME INDIVIDUALS - THE ORGANIZATION PROVIDES ASSISTANCE TO COMMUNITY EFFORTS TO ASSIST LOW TO MODERATE INCOME INDIVIDUALS RESIDING IN THE HOUSING DEVELOPMENTS THAT THE ORGANIZATION IS PARTNERED WITH. ACTIVITIES AVAILABLE TO THESE RESIDENTS INCLUDE TUTORING FOR GRADES K-12, ENGLISH AS A SECOND LANGUAGE LEARNING, MUSIC LESSONS, COMPUTER LAB LEARNING, FITNESS AND GAMING FACILITIES, SUPERVISED SWIMMMING, AND WEEKLY BIBLE STUDIES.
CONTRIBUTIONS TO LOCAL SECTION 501(C)(3) ORGANIZATIONS WHO SERVE THE NEEDS OF LOW TO MODERATE INCOME HOUSEHOLDS - THE ORGANIZATION SERVES THE NEEDS OF RESIDENTS OF AFFORDABLE HOUSING BY CONTRIBUTING FUNDS TO WELL ESTABLISHED COMMUNITY BASED NONPROFIT ORGANIZATIONS WHO ARE ABLE TO IDENTIFY AND PROVIDE ASSISTANCE DIRECTLY TO QUALIFIED INDIVIDUALS. IN 2022, CONTRIBUTIONS OF $108,250 WERE MADE TO SUCH ORGANIZATIONS TO FULFILL THE COMMUNITY'S NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverlye Brady President | OfficerTrustee | 1 | $0 |
Ray Harris Vice President | OfficerTrustee | 1 | $0 |
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 | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $1,181,226 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,186,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $108,250 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $36 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,339,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,068 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $267,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,294,265 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,658,333 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $2,658,333 |
| Total liabilities and net assets/fund balances | $2,658,333 |
Grants Awarded
Over the last fiscal year, Deo Volente has awarded $19,325 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG LIFE FOUNDATION PURPOSE: TO PROMOTE THE IMPROVED QUALITY OF LIFE OF LOW INCOME HOUSING RESIDENTS. | $500 |
TIGERS UNLIMITED FOUNDATION PURPOSE: TO PROMOTE THE IMPROVED QUALITY OF LIFE OF LOW INCOME HOUSING RESIDENTS. | $18,825 |