Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.18x
Liabilities / Revenue
90th percentile
Higher debt load relative to revenue than 90% of similar nonprofits.
Net Margin
10th percentile
Higher net margin than 10% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 88.4% of source-year revenue.
Asset Growth
19th percentile
Faster asset growth than 19% of similar nonprofits.
Revenue Growth
49th percentile
Faster revenue growth than 49% of similar nonprofits.
Balance Sheet
Assets
Flat$5,562,266
Flat from 2023
Net Assets
Flat$4,561,278
Flat from 2023
Liabilities
Flat$1,000,988
Flat from 2023
Revenue And Expenses
Revenue
Flat$494,317
Flat from 2023
Expenses
Flat$669,324
Flat from 2023
Net Income
Flat-$175,007
Flat from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- Apr 30, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $494,317
Mission and Program Overview
Mission
Affordable housing and services
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $5,293,341 | $5,052,374 | ▼ $240,967 |
| Cash and Non-Interest-Bearing Accounts | $70,721 | $35,304 | ▼ $35,417 |
| Accounts Receivable | $2,571 | $11,800 | ▲ $9,229 |
| Prepaid Expenses and Deferred Charges | $696 | $598 | ▼ $98 |
| Total Assets | $5,790,991 | $5,562,266 | ▼ $228,725 |
| Other Assets Total | $423,662 | $462,190 | ▲ $38,528 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $1,007,702 | $955,894 | ▼ $51,808 |
| Other Liabilities | $25,786 | $28,861 | ▲ $3,075 |
| Accounts Payable and Accrued Expenses | $19,881 | $8,744 | ▼ $11,137 |
| Deferred Revenue | $1,337 | $7,489 | ▲ $6,152 |
| Total Liabilities | $1,054,706 | $1,000,988 | ▼ $53,718 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $4,736,285 | $4,561,278 | ▼ $175,007 |
| Total Net Assets Fund Balance | $4,736,285 | $4,561,278 | ▼ $175,007 |
| Total Liabilities and Net Assets / Fund Balance | $5,790,991 | $5,562,266 | ▼ $228,725 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $4,341,677 | $2,044,175 | $6,385,852 |
| Leasehold Improvements | $169,778 | $905,511 | $1,075,289 |
| Land | $539,797 | - | $539,797 |
| Other Land Buildings | - | $365,968 | $365,968 |
| Equipment | $1,122 | $7,402 | $8,524 |
| Other Assets Org | $15,157 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Other | Total |
|---|---|---|---|
| Sarah ORielly | Secretary | $116,837 | $116,837 |
Board Members and Trustees
| Name | Title |
|---|---|
| Leila A Finucane | President & CEO |
| Jacqueline R Smedley | Vice President |
| Donald Tomasso | Director |
| James Pope | Director |
| Michael Gill | Director |
| Jeffrey Blackwell | Asst Secretary |
| Michelle M Limeres | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $494,064
- Investment Income
- $253
- Other Revenue
- $0
- Change in Net Assets
- $-175,007
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $494,317
- Total Revenue per Audited Statements
- $494,317
- Total Revenue per Form 990
- $494,317
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $612,474 |
| Salaries, Compensation, and Employee Benefits | $56,850 |
| 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 | $240,966 | - | - | $240,966 |
| Fees for Services Other | $91,970 | - | - | $91,970 |
| Other Salaries and Wages | $44,798 | - | - | $44,798 |
| Office Expenses | $38,492 | - | - | $38,492 |
| Fees for Services Management | - | $32,996 | - | $32,996 |
| Fees for Services Accounting | - | $16,685 | - | $16,685 |
| Other Expenses | $15,941 | - | - | $15,941 |
| All Other Expenses | $6,899 | - | - | $6,899 |
| Other Employee Benefits | $6,773 | - | - | $6,773 |
| Payroll Taxes | $5,279 | - | - | $5,279 |
| Advertising | $925 | - | - | $925 |
| Occupancy | $787 | - | - | $787 |
| Travel | $75 | - | - | $75 |
| Total Functional Expenses | $619,643 | $49,681 | $0 | $669,324 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $669,324 |
| Total Expenses per Audited Statements | $669,324 |
| Total Expenses per Form 990 | $669,324 |
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
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Resident security deposits | $26,064 |
| Other | $2,797 |
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
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Members or stockholder classes and rights Part VI line 6
“There shall be one class of membership with voting rights consisting of the Archbishop of the Archdiocese of Washington, the Moderator of the Curia of the Archdiocese of Washington, the Chancellor of the Archdiocese of Washington, and their successors in office, each as selected or appointed according to the discipline of the Roman Catholic Church. The persons holding these offices will be known as the Corporate Members of the Corporation.”
Member election for additional members Part VI line 7A
“Each Corporate Member shall have the right to one vote and shall be qualified to vote on any issue that may properly come before any meeting of the Corporate Members and to hold any office in the Corporation to which elected or appointed. As stated in the Bylaws, Corporate Members have the authority to the election & removal of members to the Board of Directors & the filling of vacancies that may occur.”
Governing body decisions Part VI line 7B
“The Corporate Members reserve to themselves authority to authorize the followingactions:(a)The oversight & authentication of the Corporations mission;(b)The adoption or amendment of a mission statement;(c)The amendment of the Articles of Incoporation and the amendment of the Bylaws;(d)The election & removal of members to the Board of Directors & the filling of vacancies that may occur; (e)The appointment & termination of the President/Chief Executive Officer (CEO);(f)The acquisition, purchase, sale, lease, disposition or hypothecation of real propertyby Corporation;(g)The approval of the borrowing of money or the guarantee of any obligations;(h)The approval of any budget which reflects an operating deficit; (i)The approval of fiscal auditors; (j)The merger, liquidation, dissolution, winding up, or abandonment of the Corporation. It is the intent of the Corporate Members to reserve to themselves only the above enumerated reserved powers and authorities. Therefore, with the exception of such powers, the Corporate Members desire to delegate to the Board of Directors sole authority and responsibility to direct the management of the Corporation.”
Form 990 governing body review Part VI line 11
“Draft of form 990 is provided to board members for review prior to filing.”
Conflict of interest policy compliance Part VI line 12C
“The Organizations related entity, 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.”
Governing documents etc available to public Part VI line 19
“Other Organization documents publicly available, upon request.”
Filing and Contact Details
Filer
- Filer Name
- Victory Crest Inc
- EIN
- 20-8067069
- Address
- 11400 Rockville Pike STE 505, Rockville, MD 20852
Signing Officer
- Name
- Leila A Finucane
- Title
- President & CEO
- Phone
- 3014936000
- Signed
- 2024-04-30
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Leila A Finucane
- Formed
- 2006
- Legal Domicile
- Md
- Voting Board Members
- 7
- Independent Board Members
- 3
- Employees
- 0
Preparer
- Firm
- Mullins PC
- Address
- 7625 Wisconsin Avenue, Bethesda, MD 20814
- Preparer
- John Mullins
- Phone
- 2027706371
Supplemental Narrative
Additional Explanations
List of other fees for services expenses Part IX line 11G
“Contract Services $81,308Security Services $10,662”
List of other expenses Part IX line 24E
“Licenses & Permits $5,575Resident/Social Activity $1,315Miscellaneous $9”
Financial Statement Notes
Footnote for uncertain tax position under FIN 48 (Part X)
“Victory Crest was granted a group exemption 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 year ended June 30, 2022. Due to its tax-exempt status, Victory Crest is not subject to income taxes. Victory Crest 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 and Victory Crest has no other tax positions which must be considered for disclosure. Income tax returns filed by Victory Crest are subject to examination by the IRS for a period of three years. While no income tax returns are currently being examined by the IRS, tax years since 2020 remain open.”
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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/OtherExpensesGrp/ProgramServicesAmt | 1 | 72124 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 32957 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 15941 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 61657 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 72124 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 32957 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 15941 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 25786 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 28861 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 44798 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 44798 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 5279 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 5279 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 696 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 598 |
| 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 | Fees & Contracts Gov Ag |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Affordable Housing |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | Miscellaneous Income |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 295209 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 190612 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 8243 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 295209 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 190612 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 8243 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 180 |
| IRS990/PYOtherExpensesAmt | 0 | 589452 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 467864 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -171817 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 50409 |
| IRS990/PYTotalExpensesAmt | 0 | 639861 |
| IRS990/PYTotalRevenueAmt | 0 | 468044 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -175007 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 253 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 180 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 233 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 171 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 258 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 1095 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 485821 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 462168 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 442648 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 428144 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 427234 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 2246015 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 253 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 180 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 233 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 171 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 258 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 1095 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt | 0 | 8243 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 5696 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4815 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 8980 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 4360 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 32094 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.98540 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.98620 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 2246015 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 485821 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 462168 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 442648 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 428144 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 427234 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 2246015 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 494317 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 468044 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 447696 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 437295 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 431852 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 2279204 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 4341677 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 2044175 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 6385852 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 1122 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 7402 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 8524 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 669324 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 539797 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 539797 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 169778 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 905511 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 1075289 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 3876 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 15479 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 860 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 3 | 399886 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 4 | 26932 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 5 | 15157 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Deposits |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | Escrow deposits |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | Prepaid rent |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | Reserve for replacements |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 4 | Resident security deposits |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 5 | Residual receipts reserve |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 365968 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 365968 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 26064 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 2797 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Resident security deposits |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Other |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 494317 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Victory Crest was granted a group exemption 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 year ended June 30, 2022. Due to its tax-exempt status, Victory Crest is not subject to income taxes. Victory Crest 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 and Victory Crest has no other tax positions which must be considered for disclosure. Income tax returns filed by Victory Crest are subject to examination by the IRS for a period of three years. While no income tax returns are currently being examined by the IRS, tax years since 2020 remain open. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Footnote for uncertain tax position under FIN 48 (Part X) |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 5052374 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 462190 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 669324 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 28861 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 494317 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 494317 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 669324 |
| 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 |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 85000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 1 | 40000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 2 | 40000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 3 | 35000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 301211 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 1 | 229044 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 2 | 197441 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 3 | 194596 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 39646 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 1 | 32285 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 2 | 29432 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 3 | 28208 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 7764 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 1 | 108 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 2 | 10588 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 3 | 11503 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 3255 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 1 | 371 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 2 | 600 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 3 | 600 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Leila A Finucane |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | Jacqueline R Smedley |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | Michelle M Limeres |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 3 | Jeffrey Blackwell |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | President & CEO |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | Vice President |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 3 | Asst Secretary |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 436876 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 1 | 301808 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 2 | 278061 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 3 | 269907 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | The President and Chief Executive Officer receives compensation from a related entity, Victory Housing, Inc. Victory Housing Inc. uses an independent compensation consultant, Form 990 of other organizations, compensation survey or study, and approval by the Victory Housing board to establish compensation. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | General Explanation Attachment |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | There shall be one class of membership with voting rights consisting of the Archbishop of the Archdiocese of Washington, the Moderator of the Curia of the Archdiocese of Washington, the Chancellor of the Archdiocese of Washington, and their successors in office, each as selected or appointed according to the discipline of the Roman Catholic Church. The persons holding these offices will be known as the Corporate Members of the Corporation. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Each Corporate Member shall have the right to one vote and shall be qualified to vote on any issue that may properly come before any meeting of the Corporate Members and to hold any office in the Corporation to which elected or appointed. As stated in the Bylaws, Corporate Members have the authority to the election & removal of members to the Board of Directors & the filling of vacancies that may occur. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The Corporate Members reserve to themselves authority to authorize the followingactions:(a)The oversight & authentication of the Corporations mission;(b)The adoption or amendment of a mission statement;(c)The amendment of the Articles of Incoporation and the amendment of the Bylaws;(d)The election & removal of members to the Board of Directors & the filling of vacancies that may occur; (e)The appointment & termination of the President/Chief Executive Officer (CEO);(f)The acquisition, purchase, sale, lease, disposition or hypothecation of real propertyby Corporation;(g)The approval of the borrowing of money or the guarantee of any obligations;(h)The approval of any budget which reflects an operating deficit; (i)The approval of fiscal auditors; (j)The merger, liquidation, dissolution, winding up, or abandonment of the Corporation. It is the intent of the Corporate Members to reserve to themselves only the above enumerated reserved powers and authorities. Therefore, with the exception of such powers, the Corporate Members desire to delegate to the Board of Directors sole authority and responsibility to direct the management of the Corporation. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Draft of form 990 is provided to board members for review prior to filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | The Organizations related entity, 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. |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $5,562,266
- Liabilities
- $1,000,988
- Net assets
- $4,561,278
- Revenue
- $494,317
- Expenses
- $669,324
- Net income
- -$175,007