2025-12-22T12:57:08-06:00 2025-06-30 721088864 LAPORTE APAC 111 VETERANS MEMORIAL BLVD 600 METAIRIE LA 700054958 990 2024-07-01 208947208 RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION RENA 5047084370 4152 CANAL STREET NEW ORLEANS LA 70119 VANESSA LEVINE EXECUTIVE DIRECTOR 5047084370 2025-12-22 1 0 JOHN S WILES CPA P01222673 5048355522 2025-12-22 2024 2025-03-06 01:10:19Z VANESSA LEVINE 4152 CANAL STREET NEW ORLEANS LA 70119 3605344 0 X WWW.RNDCNOLA.ORG X 2006 LA 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. 4 2 0 0 -442916 30632 0 0 1998914 2790587 179666 -401763 295797 372971 2474377 2761795 0 0 0 0 0 0 0 0 0 2714447 2909492 2714447 2909492 -240070 -147697 30981160 30294189 2810265 2654128 28170895 27640061 X THE MISSION OF THE ORGANIZATION IS TO PROVIDE HOUSING RELATED SERVICES TO 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 (CONT'D ON SCHEDULE O) 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. 0 0 2909492 2762925 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. 2909492 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 10 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 1 1 X X GARY ALBERTO ZAPATA 5044822130 4152 CANAL STREET NEW ORLEANS LA 70119 LEONARD SIMMONS JR CHAIRMAN 1.00 3.00 X X 0 0 0 MIKE KING SECRETARY 1.00 39.00 X X 0 685034 183373 SHAWN M BLOOM TREASURER 1.00 3.00 X X 0 0 0 VORIS VIGEE PRESIDENT & CEO 15.00 25.00 X X 0 285075 125492 VANESSA LEVINE EXECUTIVE DIRECTOR 35.00 5.00 X 0 212963 70114 GARY ZAPATA CHIEF FINANCIAL OFFICER 15.00 25.00 X 0 163214 46540 0 1346286 425519 0 0 1 0 VOLUNTEERS OF AMERICA SOUTHEAST LOUISIAN 4152 CANAL ST NEW ORLEANS LA 70119 STAFFING AND OTHER OUTSOURCED COSTS 2454111 MARK TREADAWAY 120 YUCAA DRIVE LONG BEACH MS 39560 CONSTRUCTION MANAGEMENT 144351 YARDI SYSTEMS INC PO BOX 82572 GOLETA CA 93118 ACCOUNTING AND HOUSING SOFTWARE SERVICES 115227 3 ASSET MANAGEMENT FEE 531310 970402 970402 HOUSING DEVELOPMENT FEE 531310 936818 936818 DEVELOPER CONSULTING SERVICES 531310 883367 883367 2790587 224534 224534 14400 0 14400 14400 14400 217252 0 843549 217252 -843549 -626297 -843549 217252 SELF STORAGE FACILITY 900099 400633 400633 CHATEAU CARRE GP 624200 -788 -788 NEW COVINGTON APARTMENTS, LP 624200 -41274 -41274 358571 2761795 2762925 -442916 441786 X 7600 7600 14106 14106 96313 96313 7921 7921 2267339 2267339 760 760 30835 30835 133918 133918 35966 35966 9865 9865 41000 41000 9166 9166 13239 13239 BAD DEBT EXPENSE 207082 207082 PROGRAM SUPPLIES AND EQ 25041 25041 SUBSCRIPTIONS/REFERENCE 6432 6432 FEES AND TAXES 2197 2197 712 712 2909492 2909492 0 0 2556580 2801988 16698 16698 223159 192021 63852 62203 947364 69087 1636000 878277 2067361 2300760 23613071 23672945 804439 369297 30981160 30294189 212335 303261 1917219 1915500 198054 198054 482657 237313 2810265 2654128 X 28170895 27640061 28170895 27640061 30981160 30294189 X -147697 -41845 -341292 X X 0 1 X 1 0 X 153000 0 153000 5295193 2612833 3764161 2017914 2804987 16495088 5448193 2612833 3764161 2017914 2804987 16648088 0 124057 269174 229145 493067 316560 1432003 124057 269174 229145 493067 316560 1432003 15216085 178202 207255 204866 155825 224534 970682 53558 42531 30470 126559 231760 249786 235336 155825 224534 1097241 5679953 2862619 3999497 2173739 3029521 17745329 0.85750 0.85080 0.06180 0.05450 X 785779 785779 161585 69087 92498 878277 INVESTMENT IN SUBSIDIARIES 15485077 C INTERCOMPANY RECEIVABLE - DEVELOPMENT 389473 C DEVELOPMENT INCOME RECEIVABLE 948563 C DUE FROM PROJECTS 3614763 C DUE FROM MILLENNIUM PROPERTIES INC -8130 C NOTE RECEIVABLE - WISDOM MANOR 984278 C NOTE RECEIVABLE - GROVES 378528 C ACCRUED INTEREST RECEIVABLE WM 687029 C ACCRUED INTEREST RECEIVABLE EMBASSY 85110 C DUE FROM EMBASSY 1108054 C ST. JOHN VILLAGE FSJ I 100 C ST. JOHN VILLAGE FSJ II 100 C 23672945 DUE TO VOAGNO 236313 SECURITY DEPOSIT LIABILITY 1000 237313 X PART X, LINE 2: UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE INCOME TAX REGULATIONS OF THE STATE OF LOUISIANA, RNDC IS EXEMPT FROM INCOME TAXES, EXCEPT FOR NET INCOME FROM UNRELATED BUSINESS INCOME. THERE WAS NO MATERIAL UNRELATED BUSINESS NET INCOME DURING THE YEARS ENDED JUNE 30, 2025 AND 2024. INCOME TAXES ARE ACCOUNTED FOR UNDER THE ASSET AND LIABILITY METHOD. DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR THE FUTURE TAX CONSEQUENCES ATTRIBUTABLE TO DIFFERENCES BETWEEN THE FINANCIAL STATEMENT CARRYING AMOUNTS OF EXISTING ASSETS AND LIABILITIES AND THEIR RESPECTIVE TAX BASES AND OPERATING LOSS AND TAX CREDIT CARRYFORWARDS. DEFERRED TAX ASSETS AND LIABILITIES ARE MEASURED USING ENACTED TAX RATES EXPECTED TO APPLY TO TAXABLE INCOME IN THE YEARS IN WHICH THOSE TEMPORARY DIFFERENCES ARE EXPECTED TO BE RECOVERED OR SETTLED. THE EFFECT ON DEFERRED TAX ASSETS AND LIABILITIES OF A CHANGE IN TAX RATES IS RECOGNIZED IN INCOME IN THE PERIOD THAT INCLUDES THE ENACTMENT DATE. RNDC RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. RNDC BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN INCOME TAX EXPENSE. 0 1 0 0 0 0 0 0 0 MIKE KING SECRETARY 0 649926 0 13693 0 21415 0 112456 0 70917 0 868407 0 0 VORIS VIGEE PRESIDENT & CEO 0 182163 0 70000 0 32912 0 39815 0 85677 0 410567 0 0 VANESSA LEVINE EXECUTIVE DIRECTOR 0 162883 0 49900 0 180 0 33615 0 36499 0 283077 0 0 GARY ZAPATA CHIEF FINANCIAL OFFICER 0 149800 0 13000 0 414 0 25200 0 21340 0 209754 0 0 PART I, LINE 4B VORIS VIGEE CONTRIBUTED $9,315 TO THE ORGANIZATION'S 409A DEFERRED COMPENSATION PLAN. FORM 990, SCHEDULE J, PART I, LINE 3, QUESTIONS REGARDING COMPENSATION: VOASELA HAS A COMPENSATION COMMITTEE WHO EVALUATES AND ESTABLISHES THE CEO'S COMPENSATION. THE COMMITTEE IS MADE UP OF INDEPENDENT BOARD MEMBERS. THE COMMITTEE MEETS AS NEEDED TO DISCUSS ANY POTENTIAL CHANGES TO THE CEO'S COMPENSATION. THE COMMITTEE USES THE SALARY ADMINISTRATION PLAN, WHICH IS UPDATED ANNUALLY WITH REGIONAL SALARY SURVEY INFORMATION. FORM 990, PART VI, SECTION B, LINE 11B BECAUSE RNDC IS WHOLLY OWNED BY VOASELA, IT FOLLOWS VOASELA'S PROCESS TO REVIEW FORM 990. THE ORGANIZATION FALLS UNDER THE UMBRELLA OF VOA, INC. AND WILL FILE A FORM 990 WITH THE IRS. THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND IS REVIEWED BY VOASELA MANAGEMENT AND THE RNDC BOARD. FORM 990, PART VI, SECTION B, LINE 12C AS A WHOLLY OWNED SUBSIDIARY OF VOASELA, RNDC FOLLOWS VOASELA'S WRITTEN CONFLICT OF INTEREST POLICY. THIS POLICY IS UPDATED YEARLY OR AS NEEDED. THIS POLICY APPLIES TO BOARD MEMBERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 ALL RNDC EMPLOYEES ARE PAID BY VOASELA. VOASELA HAS A CEO COMPENSATION EVALUATION COMMITTEE THAT IS MADE UP OF BOARD MEMBERS. THE COMMITTEE MEETS ANNUALLY OR AS NEEDED TO DISCUSS ANY POTENIAL CHANGES TO THE CEO'S SALARY. THE COMMITTEE USES THE SALARY ADMINISTRATION PLAN, WHICH IS UPDATED ANNUALLY WITH REGIONAL SALARY SURVEY INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G MISC PROFESSIONAL FEES TO VOA SELA: PROGRAM SERVICE EXPENSES 612,720. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 612,720. REIMBURSEMENT TO VOA FOR PAYROLL EXPENSES: PROGRAM SERVICE EXPENSES 1,654,619. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,654,619. FORM 990, PART XI, LINE 9: BOOK/TAX DIFFERENCE ON INVESTMENT IN SUBSIDIARIES 60,081. INTERCOMPANY ELIMINATION -495,087. DEPRECIATION BOOK/TAX DIFFERENCE ON RIVERFRONT SELF-STORAGE 14. SALE OF ASSETS BOOK/TAX DIFFERENCE ON RIVERFRONT SELF-STORAGE 93,700. FORM 990, PART XII, LINE 2C: THE BOARD MEMBERS OF RNDC ARE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND REVIEW OF THE 990. 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