Civic Intelligence

Grace House Inc

990 • Fiscal year 2020 • EIN 20-2023995

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 21, 2021

Organization ProfileN/A
11400 Rockville Pike Ste 505Rockville, MD 20852

(301) 493-6000

Siviq Scores

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

Liabilities / Assets

91st percentile

0.89x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

1.93x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

30th percentile

-3.5%

Higher net margin than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

95th percentile

$341,234

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 15.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

41st percentile

2.6%

Faster asset growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

52nd percentile

2.1%

Faster revenue growth than 52% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$4,719,594

Up $121,447 (+2.6%) from 2019

Net Assets

Down

$528,406

Down $75,754 (-13%) from 2019

Liabilities

Up

$4,191,188

Up $197,201 (+4.9%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin30th percentile

Revenue

Up

$2,176,963

Up $44,350 (+2.1%) from 2019

Expenses

Up

$2,252,717

Up $159,176 (+7.6%) from 2019

Net Income

Down

-$75,754

Down $114,826 (-294%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $5,225,076Liabilities 2011: $4,718,352Net Assets 2011: $506,7242011Assets 2012: $5,183,079Liabilities 2012: $4,641,308Net Assets 2012: $541,7712012Assets 2013: $5,111,475Liabilities 2013: $4,541,508Net Assets 2013: $569,9672013Assets 2014: $5,048,845Liabilities 2014: $4,483,984Net Assets 2014: $564,8612014Assets 2015: $5,015,993Liabilities 2015: $4,407,602Net Assets 2015: $608,3912015Assets 2016: $4,997,475Liabilities 2016: $4,323,696Net Assets 2016: $673,7792016Assets 2017: $4,817,502Liabilities 2017: $4,188,246Net Assets 2017: $629,2562017Assets 2018: $4,658,714Liabilities 2018: $4,093,626Net Assets 2018: $565,0882018Assets 2019: $4,598,147Liabilities 2019: $3,993,987Net Assets 2019: $604,1602019Assets 2020: $4,719,594Liabilities 2020: $4,191,188Net Assets 2020: $528,4062020Assets 2021: $4,149,501Liabilities 2021: $3,845,976Net Assets 2021: $303,5252021Assets 2022: $4,068,494Liabilities 2022: $3,811,295Net Assets 2022: $257,1992022Assets 2023: $3,955,510Liabilities 2023: $3,855,101Net Assets 2023: $100,4092023Assets 2024: $3,816,474Liabilities 2024: $3,679,953Net Assets 2024: $136,5212024

Highlighted filing

2020

Assets$4,719,594
Liabilities$4,191,188
Net Assets$528,406
Open 2020 Filing

Operations Trend

Revenue Growth52nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,465,649Expenses 2011: $1,409,047Net Income 2011: $56,6022011Revenue 2012: $1,557,357Expenses 2012: $1,522,310Net Income 2012: $35,0472012Revenue 2013: $1,570,229Expenses 2013: $1,542,033Net Income 2013: $28,1962013Revenue 2014: $1,694,965Expenses 2014: $1,700,071Net Income 2014: -$5,1062014Revenue 2015: $1,764,494Expenses 2015: $1,720,964Net Income 2015: $43,5302015Revenue 2016: $1,811,286Expenses 2016: $1,745,898Net Income 2016: $65,3882016Revenue 2017: $1,841,936Expenses 2017: $1,886,459Net Income 2017: -$44,5232017Revenue 2018: $1,978,682Expenses 2018: $2,044,349Net Income 2018: -$65,6672018Revenue 2019: $2,132,613Expenses 2019: $2,093,541Net Income 2019: $39,0722019Revenue 2020: $2,176,963Expenses 2020: $2,252,717Net Income 2020: -$75,7542020Revenue 2021: $2,246,362Expenses 2021: $2,471,243Net Income 2021: -$224,8812021Revenue 2022: $2,479,685Expenses 2022: $2,526,011Net Income 2022: -$46,3262022Revenue 2023: $1,228,466Expenses 2023: $1,335,497Net Income 2023: -$107,0312023Revenue 2024: $2,668,638Expenses 2024: $2,632,529Net Income 2024: $36,1092024

Highlighted filing

2020

Revenue$2,176,963
Expenses$2,252,717
Net Income-$75,754
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 21, 2021
Return Version
2019v5.1
Gross Receipts
$2,182,126
Mission and Program Overview

Mission

Assisted living residence for low- and moderate-income frail elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,841,302$3,703,013▼ $138,289
Savings and Temporary Cash Investments$217,555$431,330▲ $213,775
Intangible Assets$43,253$43,253→ $0
Accounts Receivable$25$8,488▲ $8,463
Cash and Non-Interest-Bearing Accounts$300$300→ $0
Total Assets$4,598,147$4,719,594▲ $121,447
Other Assets Total$495,712$533,210▲ $37,498
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,740,174$3,615,326▼ $124,848
Accounts Payable and Accrued Expenses$65,318$384,689▲ $319,371
Other Liabilities$187,162$190,160▲ $2,998
Deferred Revenue$1,333$1,013▼ $320
Total Liabilities$3,993,987$4,191,188▲ $197,201
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$602,660$526,906▼ $75,754
Net Assets With Donor Restrictions$1,500$1,500→ $0
Total Net Assets Fund Balance$604,160$528,406▼ $75,754
Total Liabilities and Net Assets / Fund Balance$4,598,147$4,719,594▲ $121,447

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,993,583$1,648,118$4,641,701
Land$640,000-$640,000
Other Land Buildings$52,471$245,787$298,258
Equipment$16,959$59,478$76,437
Other Assets Org$513--
Compensation and Service Providers
Top Officer Pay95th percentile

Board Members and Trustees

NameTitle
Julie SmithChair (incoming - January 2020)
Paul E Johnson JrChair (outgoing - December 2019)
Leila a FinucaneCEO/president
Jacqueline R SmedleyVice President
Eric SimontisDirector
Rev Daniel CarsonDirector
Jeffrey BlackwellAssistant Secretary
John D SpencerSecretary
Kathleen McwilliamsTreasurer (outgoing - December 2019)
Michelle M LimeresVP, Accounting and Admin Services
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,177,326
Investment Income
$-363
Other Revenue
$0
Change in Net Assets
$-75,754
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,212,717
Grants and Similar Amounts Paid$40,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$723,960$190,419-$914,379
Depreciation Depletion$168,276--$168,276
Interest$101,360--$101,360
Occupancy$50,882--$50,882
Fees for Services Accounting-$45,972-$45,972
Grants to Domestic Orgs$40,000--$40,000
All Other Expenses$12,034--$12,034
Office Expenses$8,866--$8,866
Insurance$8,389--$8,389
Advertising$7,756--$7,756
Other Expenses$6,230--$6,230
Information Technology-$2,304-$2,304
Fees for Services Legal$575--$575
Total Functional Expenses$2,014,022$238,695$0$2,252,717
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Victory Housing IncRockville, MD501(c)(3)General Support$40,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Resident Security Deposits$189,835
Prepaid Revenue$325
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The board delegates the review of the form 990 to the audit committee. The audit committee reviews the 990 and reports to the full board its recommendations and then the board approves the 990.”

Form 990, Part VI, Section B, Line 12C

“The organization's related organization, victory housing, has a written conflict of interest policy. The board members and officers of the organization acknowledge and adhere to this policy, and they annually disclose any conflicts of interest. Additionally, any conflicts that arise that are related to transactions considered by the board are discussed at quarterly meetings.”

Form 990, Part VI, Section B, Line 15

“Those members of the board for whom compensation is reported in part vii of this form 990 are compensated by a related organization, victory housing, inc.”

Form 990, Part VI, Section C, Line 19

“These documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Grace House Inc
EIN
20-2023995
Phone
3014936000
Address
11400 ROCKVILLE PIKE STE 505, ROCKVILLE, MD 20852

Signing Officer

Name
Leila a Finucane
Title
CEO/president
Phone
3014936000
Signed
2021-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leila a Finucane
Formed
2004
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
7501 WISCONSIN AVENUE SUITE 400E, BETHESDA, MD 20814
Preparer
Glenn M Shelton
Phone
3016529100
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Grace house has applied for and received a determination letter from the internal revenue service ("irs") to be treated as a tax-exempt entity pursuant to section 501 (c)(3) of the internal revenue code and did not have any unrelated business income for the years ended june 30, 2020 and 2019. Due to its tax-exempt status, grace house is not subject to income taxes. Grace house is required to file and does file tax returns with the irs and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes for grace house and it has no other tax positions which must be considered for disclosure. Income tax returns filed by grace house are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2017 remain open.”

Raw XML AppendixShowing 400 of 1,122 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-5163
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0602660
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0526906
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt050882
IRS990/OccupancyGrp/TotalAmt050882
IRS990/OfficeExpensesGrp/ProgramServicesAmt08866
IRS990/OfficeExpensesGrp/TotalAmt08866
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0495712
IRS990/OtherAssetsTotalGrp/EOYAmt0533210
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ELDERLY CARE SERVICE EX
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE EXPENSE
IRS990/OtherExpensesGrp/Desc3REAL ESTATE TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0754880
IRS990/OtherExpensesGrp/ProgramServicesAmt1104676
IRS990/OtherExpensesGrp/ProgramServicesAmt226138
IRS990/OtherExpensesGrp/ProgramServicesAmt36230
IRS990/OtherExpensesGrp/TotalAmt0754880
IRS990/OtherExpensesGrp/TotalAmt1104676
IRS990/OtherExpensesGrp/TotalAmt226138
IRS990/OtherExpensesGrp/TotalAmt36230
IRS990/OtherLiabilitiesGrp/BOYAmt0187162
IRS990/OtherLiabilitiesGrp/EOYAmt0190160
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LEILA A FINUCANE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT REVENUE - HOUSING
IRS990/ProgramServiceRevenueGrp/Desc1OTHER HOUSING REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02169474
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17852
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02169474
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17852
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02459
IRS990/PYOtherExpensesAmt01517088
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02130154
IRS990/PYRevenuesLessExpensesAmt039072
IRS990/PYSalariesCompEmpBnftPaidAmt0576453
IRS990/PYTotalExpensesAmt02093541
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02132613
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-75754
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02177326
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0217555
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0431330
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03155
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03155
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04800
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02459
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02089
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01970
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03312
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt014630
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02177326
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02130154
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01976592
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01836811
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01807974
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09928857
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04800
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02459
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02089
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01970
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03312
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt014630
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/InvestmentIncomePYPct00.00120
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99850
IRS990ScheduleA/PublicSupportPY509Pct00.99880
IRS990ScheduleA/PublicSupportTotal509Amt09932012
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02177326
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02130154
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01976592
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01839966
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01807974
IRS990ScheduleA/Total509Grp/TotalAmt09932012
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02182126
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02132613
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01978681
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01841936
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01811286
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09946642
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02993583
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01648118
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04641701
IRS990ScheduleD/EquipmentGrp/BookValueAmt016959
IRS990ScheduleD/EquipmentGrp/DepreciationAmt059478
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt076437
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0640000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0640000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0342862
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1189835
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2513
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2GRACE DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt052471
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0245787
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0298258
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0189835
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1325
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID REVENUE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GRACE HOUSE HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2020 AND 2019. DUE TO ITS TAX-EXEMPT STATUS, GRACE HOUSE IS NOT SUBJECT TO INCOME TAXES. GRACE HOUSE IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES FOR GRACE HOUSE AND IT HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY GRACE HOUSE ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2017 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03703013
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0533210
IRS990ScheduleD/TotalLiabilityAmt0190160
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt040000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VICTORY HOUSING INC
IRS990ScheduleI/RecipientTable/RecipientEIN0521261881
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt011400 ROCKVILLE PIKE SUITE 505
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ROCKVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd020852
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE ISSUED TO A RELATED ORGANIZATION. THEREFORE, USE OF FUNDS IS ABLE TO BE MONITORED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt050000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt117500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt225000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt315000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt425000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0269350
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1191300

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,719,594
Liabilities
$4,191,188
Net assets
$528,406
Revenue
$2,176,963
Expenses
$2,252,717
Net income
-$75,754
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.82$3.68$0.14$2.67$2.63$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.96$3.86$0.10$1.23$1.34$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.07$3.81$0.26$2.48$2.53$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.15$3.85$0.30$2.25$2.47$0.22
2020Detailed filing. Detailed filing data is available for this year.$4.72$4.19$0.53$2.18$2.25$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.60$3.99$0.60$2.13$2.09$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.66$4.09$0.57$1.98$2.04$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.82$4.19$0.63$1.84$1.89$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.00$4.32$0.67$1.81$1.75$0.07
2015Detailed filing. Detailed filing data is available for this year.$5.02$4.41$0.61$1.76$1.72$0.04
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.05$4.48$0.56$1.69$1.70$0.01
2013Summary only. Only limited summary data is available for this year.$5.11$4.54$0.57$1.57$1.54$0.03
2012Summary only. Only limited summary data is available for this year.$5.18$4.64$0.54$1.56$1.52$0.04
2011Summary only. Only limited summary data is available for this year.$5.23$4.72$0.51$1.47$1.41$0.06