VOA DEVELOPMENT INC (EIN 721306663) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

VORIS N VIGEE

Phone

5044822130

Tax Period

2024-07-01 to 2025-06-30

VOA DEVELOPMENT INC, founded in 1995, is a small nonprofit that reported $617K in total revenue in fiscal year 2024. Expenses of $770K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO OPERATE SINGLE ROOM OCCUPANCY AND (CONT'D ON SCHEDULE O) EFFICIENCY HOUSING GEARED TOWARDS THOSE WHO ARE HOMELESS OR ELDERLY IN THE NEW ORLEANS AREA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $389,020

Program Service Revenue $228,251

Investment Income $0

Other Revenue $0

TOTAL REVENUE $617,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $769,847

Other Expenses $769,847

TOTAL EXPENSES $769,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$617,271	$631,486	0.0%
Expenses	$769,847	$773,661	0.0%
Net Income	$-152,576	$-142,175	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$620,321

Total Directors

$410,567

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VORIS VIGEE	PRESIDENT AND CEO	1.00	Officer Director	$0	$125,492	$410,567
ROBERT RHODEN	SECRETARY	1.00	Officer Director	$0	$0	$0
GARY ZAPATA	CFO	1.00	Officer	$0	$46,540	$209,754

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$617,271	$769,847	$816,283	$-152,576
2024	$631,486	$773,661	$883,832	$-142,175
2023	$545,318	$684,550	$930,828	$-139,232
2022	$347,122	$625,055	$956,588	$-277,933
2021	$516,105	$528,473	$1,149,138	$-12,368
2020	$456,339	$446,917	$1,170,941	$9,422

VOA DEVELOPMENT INC