Victory Heights Inc

990 • Fiscal year 2019 • EIN 14-1869907

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 10, 2019

Organization Profile N/A

11400 Rockville Pike /Rockville, MD 20852

(301) 493-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.40x

Higher debt load relative to assets than 67% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

5.95x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

-27%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

$327,519

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 45.2% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

-1.8%

Faster asset growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

7.2%

Faster revenue growth than 60% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet

Liabilities / Assets67th percentile

Assets

Down

$10,680,313

Down $190,927 (-1.8%) from 2018

Net Assets

Down

$6,370,733

Down $192,141 (-2.9%) from 2018

Liabilities

$4,309,580

Up $1,214 (+0.0%) from 2018

Revenue And Expenses

Liabilities / Revenue94th percentile Net Margin9th percentile

Revenue

$724,090

Up $48,895 (+7.2%) from 2018

Expenses

$916,231

Up $17,863 (+2.0%) from 2018

Net Income

-$192,141

Up $31,032 (+14%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2019

Assets$10,680,313

Liabilities$4,309,580

Net Assets$6,370,733

Open 2019 Filing

Operations Trend

Revenue Growth60th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2019

Revenue$724,090

Expenses$916,231

Net Income-$192,141

Open 2019 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2018 to Jun 30, 2019
Signed: Oct 10, 2019
Return Version: 2018v3.1
Gross Receipts: $724,090

Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$10,419,545	$10,135,708	▼ $283,837
Cash and Non-Interest-Bearing Accounts	$6,136	$22,585	▲ $16,449
Prepaid Expenses and Deferred Charges	$5,243	$7,366	▲ $2,123
Accounts Receivable	$960	$280	▼ $680
Savings and Temporary Cash Investments	-	$0	-
Other Notes and Loans Receivable, Net	-	$0	-
Pledges and Grants Receivable	-	$0	-
Receivable From Disqualified Prsn	-	$0	-
Receivables From Officers Etc	-	$0	-
Investments Other Securities	-	$0	-
Investments Program Related	-	$0	-
Investments in Publicly Traded Securities	-	$0	-
Intangible Assets	-	$0	-
Inventories for Sale or Use	-	$0	-
Total Assets	$10,871,240	$10,680,313	▼ $190,927
Other Assets Total	$439,356	$514,374	▲ $75,018
Liabilities
Mortgage Notes Payable Secured by Investment Property	$4,250,000	$4,250,000	→ $0
Other Liabilities	$30,720	$30,229	▼ $491
Accounts Payable and Accrued Expenses	$26,654	$28,982	▲ $2,328
Deferred Revenue	$992	$369	▼ $623
Total Liabilities	$4,308,366	$4,309,580	▲ $1,214
Net Assets / Fund Balance
Unrestricted Net Assets	$6,562,874	$6,370,733	▼ $192,141
Total Net Assets Fund Balance	$6,562,874	$6,370,733	▼ $192,141
Total Liabilities and Net Assets / Fund Balance	$10,871,240	$10,680,313	▼ $190,927

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$7,209,240	$2,998,533	$10,207,773
Land	$2,675,000	-	$2,675,000
Leasehold Improvements	$226,654	$687,172	$913,826
Other Land Buildings	$24,814	$509,025	$533,839
Equipment	-	$8,090	$8,090

Compensation and Service Providers

Top Officer Pay81st percentile

Board Members and Trustees

Name	Title
Paul E Johnson Jr	Chairman
Leila a Finucane	President & CEO
John D Spencer	Vice President
Eric Simontis	Director
Most Rev Charles Antonicelli	Director
Jeffrey Blackwell	Asst Secretary
KATHLEEN McWILLIAMS	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $723,890
Investment Income: $200
Other Revenue: $0
Change in Net Assets: $-192,141

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$743,101
Salaries, Compensation, and Employee Benefits	$173,130
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Depreciation Depletion	$319,545	-	-	$319,545
Other Salaries and Wages	$110,566	-	-	$110,566
Fees for Services Management	-	$50,676	-	$50,676
Other Employee Benefits	$46,872	-	-	$46,872
All Other Expenses	$22,928	$3,150	-	$26,078
Payroll Taxes	$15,692	-	-	$15,692
Fees for Services Accounting	-	$10,000	-	$10,000
Fees for Services Legal	$9,655	-	-	$9,655
Other Expenses	$6,772	-	-	$6,772
Office Expenses	$4,747	-	-	$4,747
Travel	$612	-	-	$612
Total Functional Expenses	$852,405	$63,826	$0	$916,231

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Insider Transactions and Loans

Loans and Receivables

Line Item	Beginning	End	Change
Receivables from Disqualified Persons	-	$0	-
Receivables from Officers, Directors, Trustees, and Key Employees	-	$0	-

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
Andrew Kim House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Avondale Park Apartments Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Bartholomew House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Byron House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Cambridge Apartments Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Ccs Housing Inc	Rockville, MD	-	501(c)(3)	509(a)(2)	No
Cheval Court Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Grace House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Malta House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Manor Apartments Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Marian Assisted Living Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Palmer Park Seniors Housing Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Raphael Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Rollingcrest Commons Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Takoma Tower Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Trinity Terrace Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Brookside Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Court Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Crest Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Heights Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Housing Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Lakeside Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Oaksinc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Victory Terrace Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No
Winslow House Inc	Rockville, MD	Real Estate	501(c)(3)	509(a)(2)	No

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
Victory Terrace Lp	Rockville, MD	Real Estate	$2,000	$5,876,021	0.01%	Yes
Victory Forest Lp	Rockville, MD	Real Estate	$551,596	$1,094	0.01%	Yes
Victory Woods LLC	Rockville, MD	Real Estate	$44,665	$900	0.01%	Yes
Victory La Plata Lp	Rockville, MD	Real Estate	$12,911	$825	0.01%	Yes
Victory Crossing Lp	Rockville, MD	Real Estate	$-103	$3,117	0.01%	Yes
Parkside Seniorlp	Rockville, MD	Real Estate	$-10	$2,187	0.01%	Yes
Hampshire Village Assoc Lp	Rockville, MD	Real Estate	$-22	$1,383	0.00%	Yes
Takoma Tower Lp	Rockville, MD	Real Estate	$168	$1,049	0.01%	Yes
Covenant Village Gp LLC	Germantown, MD	Real Estate	$-12	$976	25%	Yes
Covenant Village Lp	Germantown, MD	Real Estate	$-12	$976	0.01%	Yes
St Martins Apartments Lp	Rockville, MD	Real Estate	-	$552	0.01%	Yes
Victory Haven Lp	Rockville, MD	Real Estate	-	-	-	No

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Parkfair Associates LLC	Rockville, MD	Real Estate	$24,555	$2,679,554	Victory Entr
Victory Enterprises Inc	Rockville, MD	Real Estate	$24,555	$2,679,554	Victory Hsg
Victory-hampshire LLC	Rockville, MD	Real Estate	$-103	$3,117	Victory Hsg
Ccs - St Martins Apartments LLC	Rockville, MD	Real Estate	-	$552	Victory Hsg
Spring Flats Md LLC	Rockville, MD	Real Estate	-	-	Victory Hsg
Victory Haven LLC	Rockville, MD	Real Estate	-	-	Victory Hsg

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Resident Security Deposits	$27,091
Misc. Long-term Liabilities	$2,120
Misc. Current Liabilities	$1,018

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
Audit committee: No
Backup withholding compliance: No
Business relationship with family members: No
Business relationship with organization members: No
Material changes to governing documents: No
Compensation from other sources disclosed: No
CEO compensation reviewed: No
Other officer compensation reviewed: No
Conflict-of-interest policy: Yes
Audited financial statements prepared: No
Key decisions subject to board approval: No
Management duties delegated: No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Draft of form 990 is provided to board members for review and approval prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name: Victory Heights Inc
EIN: 14-1869907
Phone: 3014936000
Address: 11400 ROCKVILLE PIKE /, ROCKVILLE, MD 20852

Signing Officer

Name: Leila a Finucane
Title: President & CEO
Signed: 2019-10-10

Organization Details

Principal Officer: Leila a Finucane
Formed: 2002
Legal Domicile: Md
Voting Board Members: 7
Independent Board Members: 5
Employees: 0

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IRS990/LocalChaptersInd	0	false
IRS990/MaterialDiversionOrMisuseInd	0	false
IRS990/MembersOrStockholdersInd	0	false
IRS990/MethodOfAccountingAccrualInd	0	X
IRS990/MinutesOfCommitteesInd	0	false
IRS990/MinutesOfGoverningBodyInd	0	true
IRS990/MissionDesc	0	AFFORDABLE HOUSING AND SERVICES
IRS990/MoreThan5000KToIndividualsInd	0	false
IRS990/MoreThan5000KToOrgInd	0	false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt	0	4250000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	4250000
IRS990/NetAssetsOrFundBalancesBOYAmt	0	6562874
IRS990/NetAssetsOrFundBalancesEOYAmt	0	6370733
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt	0	0
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt	0	0
IRS990/NondeductibleContributionsInd	0	false
IRS990/OccupancyGrp/TotalAmt	0	0
IRS990/OfficeExpensesGrp/ProgramServicesAmt	0	4747
IRS990/OfficeExpensesGrp/TotalAmt	0	4747
IRS990/OfficerMailingAddressInd	0	false
IRS990/OnBehalfOfIssuerInd	0	false
IRS990/OperateHospitalInd	0	false
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsSFAS117Ind	0	X
IRS990/OrgFiledInLieuOfForm1041Ind	0	false
IRS990/OtherAssetsTotalGrp/BOYAmt	0	439356
IRS990/OtherAssetsTotalGrp/EOYAmt	0	514374
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	46872
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	46872
IRS990/OtherExpensesGrp/Desc	0	REPAIRS / MAINTENANCE
IRS990/OtherExpensesGrp/Desc	1	UTILITIES
IRS990/OtherExpensesGrp/Desc	2	HAZARD INSURANCE
IRS990/OtherExpensesGrp/Desc	3	TELEPHONE
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	203762
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	82250
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	29004
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	6772
IRS990/OtherExpensesGrp/TotalAmt	0	203762
IRS990/OtherExpensesGrp/TotalAmt	1	82250
IRS990/OtherExpensesGrp/TotalAmt	2	29004
IRS990/OtherExpensesGrp/TotalAmt	3	6772
IRS990/OtherLiabilitiesGrp/BOYAmt	0	30720
IRS990/OtherLiabilitiesGrp/EOYAmt	0	30229
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	110566
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	110566
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	0
IRS990/PartialLiquidationInd	0	false
IRS990/PaymentsToAffiliatesGrp/TotalAmt	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	15692
IRS990/PayrollTaxesGrp/TotalAmt	0	15692
IRS990/PensionPlanContributionsGrp/TotalAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	0
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	5243
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	7366
IRS990/PrincipalOfficerNm	0	LEILA A FINUCANE
IRS990/ProfessionalFundraisingInd	0	false
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	1	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	2	531110
IRS990/ProgramServiceRevenueGrp/Desc	0	AFFORDABLE HOUSING
IRS990/ProgramServiceRevenueGrp/Desc	1	Fees & Contracts Gov Agencies
IRS990/ProgramServiceRevenueGrp/Desc	2	MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	264891
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	420133
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	38866
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	264891
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	420133
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	38866
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PYInvestmentIncomeAmt	0	1380
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/PYOtherExpensesAmt	0	731900
IRS990/PYProgramServiceRevenueAmt	0	673815
IRS990/PYRevenuesLessExpensesAmt	0	-223173
IRS990/PYSalariesCompEmpBnftPaidAmt	0	166468
IRS990/PYTotalExpensesAmt	0	898368
IRS990/PYTotalRevenueAmt	0	675195
IRS990/QuidProQuoContributionsInd	0	false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-192141
IRS990/RegularMonitoringEnfrcInd	0	true
IRS990/RelatedEntityInd	0	true
IRS990/RelatedOrganizationCtrlEntInd	0	false
IRS990/ReportInvestmentsOtherSecInd	0	false
IRS990/ReportLandBuildingEquipmentInd	0	true
IRS990/ReportOtherAssetsInd	0	false
IRS990/ReportOtherLiabilitiesInd	0	true
IRS990/ReportProgramRelatedInvstInd	0	false
IRS990/RoyaltiesGrp/TotalAmt	0	0
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt	0	0
IRS990/SavingsAndTempCashInvstGrp/EOYAmt	0	0
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	0
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	200
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	1380
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	1334
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	605
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	341
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	3860
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	685024
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	636521
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	541063
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	528329
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	530318
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	2921255
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	200
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	1380
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	1334
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	605
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	341
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	3860
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00120
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00130
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	38866
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	37294
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	36764
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	192578
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	35943
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	341445
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.89430
IRS990ScheduleA/PublicSupportPY509Pct	0	0.89020
IRS990ScheduleA/PublicSupportTotal509Amt	0	2921255
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	685024
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	636521
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	541063
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	528329
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	530318
IRS990ScheduleA/Total509Grp/TotalAmt	0	2921255
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	724090
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	675195
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	579161
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	721512
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	566602
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	3266560
IRS990/ScheduleBRequiredInd	0	false
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	7209240
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	2998533
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	10207773
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	8090
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	8090
IRS990ScheduleD/LandGrp/BookValueAmt	0	2675000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	2675000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	226654
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	687172
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	913826
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	24814
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	509025
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	533839
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	1018
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	2120
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	27091
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	MISC. CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	MISC. LONG-TERM LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	2	RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	10135708
IRS990ScheduleD/TotalLiabilityAmt	0	30229
IRS990ScheduleJ/AnyNonFixedPaymentsInd	0	false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd	0	false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd	0	false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd	0	false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd	0	false
IRS990ScheduleJ/EquityBasedCompArrngmInd	0	false
IRS990ScheduleJ/InitialContractExceptionInd	0	false
IRS990ScheduleJ/RebuttablePresumptionProcInd	0	false
IRS990/ScheduleJRequiredInd	0	true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	0	186646
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	1	223572
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	2	327519
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	0	JEFFREY BLACKWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	1	JOHN D SPENCER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	2	LEILA A FINUCANE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	0	ASST SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	1	Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	2	President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	0	186646
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	1	223572
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	2	327519
IRS990ScheduleJ/SeverancePaymentInd	0	false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd	0	false
IRS990/ScheduleORequiredInd	0	true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DRAFT OF FORM 990 IS PROVIDED TO BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd	0	false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $10,680,313
Liabilities: $4,309,580
Net assets: $6,370,733
Revenue: $724,090
Expenses: $916,231
Net income: -$192,141

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$9.88	$4.55	$5.33	$1.01	$1.11	$0.10
2023Summary only. Only limited summary data is available for this year.	$9.90	$4.37	$5.53	$0.92	$1.13	$0.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$10.1	$4.36	$5.74	$0.91	$1.09	$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.	$10.4	$4.44	$5.92	$0.88	$1.16	$0.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$10.5	$4.30	$6.20	$0.80	$0.98	$0.17
2019Detailed filing. Detailed filing data is available for this year.	$10.7	$4.31	$6.37	$0.72	$0.92	$0.19
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$10.9	$4.31	$6.56	$0.68	$0.90	$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$11.1	$4.34	$6.79	$0.58	$0.88	$0.30
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$11.4	$4.32	$7.09	$0.72	$1.05	$0.33
2015Summary only. Only limited summary data is available for this year.	$11.9	$4.45	$7.41	$0.57	$0.99	$0.42
2014Detailed filing. Detailed filing data is available for this year.	$12.1	$4.31	$7.83	$0.56	$0.83	$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$12.4	$4.31	$8.10		$0.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$12.7	$4.30	$8.36		$0.88
2011Summary only. Only limited summary data is available for this year.	$13.0	$4.30	$8.69	$0.54	$0.88	$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$13.4	$4.33	$9.03		$0.84