Civic Intelligence

Victory Oaks Inc

990 • Fiscal year 2015 • EIN 26-4381436

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 16, 2015

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.

Liabilities / Assets

46th percentile

0.15x

Higher debt load relative to assets than 46% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

90th percentile

2.85x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

4th percentile

-77%

Higher net margin than 4% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

91st percentile

$342,300

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 91.8% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

24th percentile

-4.0%

Faster asset growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

39th percentile

0.1%

Faster revenue growth than 39% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$7,209,306

Down $298,583 (-4.0%) from 2014

Net Assets

Down

$6,146,654

Down $285,536 (-4.4%) from 2014

Liabilities

Down

$1,062,652

Down $13,047 (-1.2%) from 2014

Revenue

Up

$372,921

Up $498 (+0.1%) from 2014

Expenses

Up

$658,457

Up $3,849 (+0.6%) from 2014

Net Income

Down

-$285,536

Down $3,351 (-1.2%) from 2014

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $6,719,060Liabilities 2012: $2,501,084Net Assets 2012: $4,217,9762012Assets 2013: $7,800,299Liabilities 2013: $1,085,924Net Assets 2013: $6,714,3752013Assets 2014: $7,507,889Liabilities 2014: $1,075,699Net Assets 2014: $6,432,1902014Assets 2015: $7,209,306Liabilities 2015: $1,062,652Net Assets 2015: $6,146,6542015Assets 2016: $6,899,833Liabilities 2016: $1,053,532Net Assets 2016: $5,846,3012016Assets 2017: $6,607,052Liabilities 2017: $1,061,433Net Assets 2017: $5,545,6192017Assets 2018: $6,364,556Liabilities 2018: $1,039,861Net Assets 2018: $5,324,6952018Assets 2019: $6,198,664Liabilities 2019: $1,041,566Net Assets 2019: $5,157,0982019Assets 2020: $5,939,910Liabilities 2020: $999,761Net Assets 2020: $4,940,1492020Assets 2021: $5,786,873Liabilities 2021: $990,188Net Assets 2021: $4,796,6852021Assets 2022: $5,526,093Liabilities 2022: $1,030,779Net Assets 2022: $4,495,3142022Assets 2023: $5,952,859Liabilities 2023: $1,768,792Net Assets 2023: $4,184,0672023Assets 2024: $5,757,875Liabilities 2024: $1,836,004Net Assets 2024: $3,921,8712024

Highlighted filing

2015

Assets$7,209,306
Liabilities$1,062,652
Net Assets$6,146,654

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $11,1672012Expenses 2013: $4,267,2302013Revenue 2014: $372,423Expenses 2014: $654,608Net Income 2014: -$282,1852014Revenue 2015: $372,921Expenses 2015: $658,457Net Income 2015: -$285,5362015Revenue 2016: $369,863Expenses 2016: $670,216Net Income 2016: -$300,3532016Revenue 2017: $372,105Expenses 2017: $672,787Net Income 2017: -$300,6822017Revenue 2018: $418,432Expenses 2018: $639,356Net Income 2018: -$220,9242018Revenue 2019: $456,142Expenses 2019: $623,739Net Income 2019: -$167,5972019Revenue 2020: $449,669Expenses 2020: $666,618Net Income 2020: -$216,9492020Revenue 2021: $528,638Expenses 2021: $672,102Net Income 2021: -$143,4642021Revenue 2022: $511,246Expenses 2022: $812,617Net Income 2022: -$301,3712022Revenue 2023: $254,993Expenses 2023: $372,811Net Income 2023: -$117,8182023Revenue 2024: $510,214Expenses 2024: $772,410Net Income 2024: -$262,1962024

Highlighted filing

2015

Revenue$372,921
Expenses$658,457
Net Income-$285,536
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$372,921
Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,344,797$7,026,331▼ $318,466
Savings and Temporary Cash Investments$10,635$0▼ $10,635
Prepaid Expenses and Deferred Charges$7,500$8,460▲ $960
Cash and Non-Interest-Bearing Accounts$14,132$1,061▼ $13,071
Accounts Receivable-$339-
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$7,507,889$7,209,306▼ $298,583
Other Assets Total$130,825$173,115▲ $42,290
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,000,000$1,000,000→ $0
Other Liabilities$60,908$49,031▼ $11,877
Accounts Payable and Accrued Expenses$14,721$13,620▼ $1,101
Deferred Revenue$70$1▼ $69
Total Liabilities$1,075,699$1,062,652▼ $13,047
Net Assets / Fund Balance
Unrestricted Net Assets$6,432,190$6,146,654▼ $285,536
Total Net Assets Fund Balance$6,432,190$6,146,654▼ $285,536
Total Liabilities and Net Assets / Fund Balance$7,507,889$7,209,306▼ $298,583

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,805,566$414,682$6,220,248
Leasehold Improvements$1,019,762$220,671$1,240,433
Other Land Buildings$197,596$225,505$423,101
Equipment$3,407$3,893$7,300
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$372,873
Investment Income
$48
Other Revenue
$0
Change in Net Assets
$-285,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$582,645
Salaries, Compensation, and Employee Benefits$75,812
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$325,176--$325,176
Other Salaries and Wages$50,624--$50,624
Fees for Services Management-$24,300-$24,300
All Other Expenses$19,431$2,058-$21,489
Other Employee Benefits$18,616--$18,616
Other Expenses$11,030--$11,030
Fees for Services Accounting-$9,300-$9,300
Payroll Taxes$6,572--$6,572
Office Expenses$4,565--$4,565
Fees for Services Other$2,261--$2,261
Fees for Services Legal$1,178--$1,178
Advertising$831--$831
Travel$133--$133
Total Functional Expenses$622,799$35,658$0$658,457
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Misc Current Liabilities$18,259
Resident Security Deposits$16,433
Due to Affiliate -- Long-term$10,791
Misc Long-term Liabilities$3,548
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 Oaks Inc
EIN
26-4381436
Phone
3014936000
Address
11400 ROCKVILLE PIKE /, ROCKVILLE, MD 20852

Signing Officer

Name
James A Brown Jr
Title
President
Signed
2015-11-16

Organization Details

Formed
2009
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
5
Employees
0
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IRS990/ProgramServiceRevenueGrp/Desc0AFFORDABLE HOUSING
IRS990/ProgramServiceRevenueGrp/Desc1Fees & Contracts Gov Agencies
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0133399
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1234393
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25081
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0133399
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1234393
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25081
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt035
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0580432
IRS990/PYProgramServiceRevenueAmt0372388
IRS990/PYRevenuesLessExpensesAmt0-282185
IRS990/PYSalariesCompEmpBnftPaidAmt074176
IRS990/PYTotalExpensesAmt0654608
IRS990/PYTotalRevenueAmt0372423
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-285536
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010635
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0420000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0792145
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt048
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt010
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0367792
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0366169
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0241290
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0975251
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt048
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt093
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02769
IRS990ScheduleA/OtherIncome509Grp/TotalAmt014069
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt01767396
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0367792
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0366169
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0613435
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0420000
IRS990ScheduleA/Total509Grp/TotalAmt01767396
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0372921
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0372423
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0616214
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0420000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01781558
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05805566
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0414682
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06220248
IRS990ScheduleD/EquipmentGrp/BookValueAmt03407
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03893
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07300
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01019762
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0220671
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01240433
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0197596
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0225505
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0423101
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010791
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt118259
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23548
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt316433
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE -- LONG-TERM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISC CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MISC LONG-TERM LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3RESIDENT SECURITY DEPOSITS
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IRS990ScheduleD/TotalLiabilityAmt049031
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0342300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1151804
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2185736
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES A BROWN JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JEFFREY BLACKWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JOHN D SPENCER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1ASST SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0342300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1151804
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2185736
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT OF FORM 990 IS PROVIDED TO BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.76$1.84$3.92$0.51$0.77$0.26
2023Detailed filing. Detailed filing data is available for this year.$5.95$1.77$4.18$0.25$0.37$0.12
2022Detailed filing. Detailed filing data is available for this year.$5.53$1.03$4.50$0.51$0.81$0.30
2021Detailed filing. Detailed filing data is available for this year.$5.79$0.99$4.80$0.53$0.67$0.14
2020Detailed filing. Detailed filing data is available for this year.$5.94$1.00$4.94$0.45$0.67$0.22
2019Detailed filing. Detailed filing data is available for this year.$6.20$1.04$5.16$0.46$0.62$0.17
2018Detailed filing. Detailed filing data is available for this year.$6.36$1.04$5.32$0.42$0.64$0.22
2017Detailed filing. Detailed filing data is available for this year.$6.61$1.06$5.55$0.37$0.67$0.30
2016Detailed filing. Detailed filing data is available for this year.$6.90$1.05$5.85$0.37$0.67$0.30
2015Detailed filing. Detailed filing data is available for this year.$7.21$1.06$6.15$0.37$0.66$0.29
2014Detailed filing. Detailed filing data is available for this year.$7.51$1.08$6.43$0.37$0.65$0.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.80$1.09$6.71$4.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.72$2.50$4.22$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $5M-$10M nonprofits