Victory Oaks Inc

990 • Fiscal year 2016 • EIN 26-4381436

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 29, 2016

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.

0.15x

Higher debt load relative to assets than 47% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

2.85x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

-81%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

$365,893

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 98.9% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

-4.3%

Faster asset growth than 21% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

-0.8%

Faster revenue growth than 38% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet

Liabilities / Assets47th percentile

Assets

Down

$6,899,833

Down $309,473 (-4.3%) from 2015

Net Assets

Down

$5,846,301

Down $300,353 (-4.9%) from 2015

Liabilities

Down

$1,053,532

Down $9,120 (-0.9%) from 2015

Revenue And Expenses

Liabilities / Revenue90th percentile Net Margin4th percentile

Revenue

Down

$369,863

Down $3,058 (-0.8%) from 2015

Expenses

$670,216

Up $11,759 (+1.8%) from 2015

Net Income

Down

-$300,353

Down $14,817 (-5.2%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

Highlighted filing

2016

Assets$6,899,833

Liabilities$1,053,532

Net Assets$5,846,301

Open 2016 Filing

Operations Trend

Revenue Growth38th percentile

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

Highlighted filing

2016

Revenue$369,863

Expenses$670,216

Net Income-$300,353

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2015 to Jun 30, 2016
Signed: Sep 29, 2016
Return Version: 2015v2.0
Gross Receipts: $369,863

Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$7,026,331	$6,701,153	▼ $325,178
Prepaid Expenses and Deferred Charges	$8,460	$7,500	▼ $960
Cash and Non-Interest-Bearing Accounts	$1,061	$2,270	▲ $1,209
Accounts Receivable	$339	$0	▼ $339
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	$7,209,306	$6,899,833	▼ $309,473
Other Assets Total	$173,115	$188,910	▲ $15,795
Liabilities
Mortgage Notes Payable Secured by Investment Property	$1,000,000	$1,000,000	→ $0
Other Liabilities	$49,031	$31,550	▼ $17,481
Accounts Payable and Accrued Expenses	$13,620	$21,982	▲ $8,362
Deferred Revenue	$1	-	-
Total Liabilities	$1,062,652	$1,053,532	▼ $9,120
Net Assets / Fund Balance
Unrestricted Net Assets	$6,146,654	$5,846,301	▼ $300,353
Total Net Assets Fund Balance	$6,146,654	$5,846,301	▼ $300,353
Total Liabilities and Net Assets / Fund Balance	$7,209,306	$6,899,833	▼ $309,473

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$5,650,058	$570,190	$6,220,248
Leasehold Improvements	$936,172	$304,261	$1,240,433
Other Land Buildings	$112,976	$310,125	$423,101
Equipment	$1,947	$5,353	$7,300

Compensation and Service Providers

Top Officer Pay92nd percentile

Board Members and Trustees

Name	Title
Paul E Johnson Jr	Chairman
James a Brown Jr	President
John D Spencer	Vice President
Eric Simontis	Director
Most Rev Barry Knestout	Director
Rev Msgr Ralph Kuehner	Director
Jeffrey Blackwell	Asst Secretary
KATHLEEN McWILLIAMS	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $369,803
Investment Income: $60
Other Revenue: $0
Change in Net Assets: $-300,353

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$596,592
Salaries, Compensation, and Employee Benefits	$73,624
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	$325,177	-	-	$325,177
Other Salaries and Wages	$48,259	-	-	$48,259
All Other Expenses	$22,803	$2,058	-	$24,861
Fees for Services Management	-	$24,293	-	$24,293
Other Employee Benefits	$18,747	-	-	$18,747
Other Expenses	$11,004	-	-	$11,004
Fees for Services Accounting	-	$9,600	-	$9,600
Payroll Taxes	$6,618	-	-	$6,618
Fees for Services Legal	$6,265	-	-	$6,265
Office Expenses	$4,564	-	-	$4,564
Travel	$502	-	-	$502
Advertising	$88	-	-	$88
Total Functional Expenses	$634,265	$35,951	$0	$670,216

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	Real Estate	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
Parkside Seniorlp	Rockville, MD	Real Estate	-	$3,541	0.01%	Yes
Victory Woods LLC	Rockville, MD	Real Estate	$-55	$2,426	0.01%	Yes
Hampshire Village Assoc Lp	Rockville, MD	Real Estate	$-97	$1,540	0.00%	Yes
Victory Forest Lp	Rockville, MD	Real Estate	$-10	$1,255	0.01%	Yes
Covenant Village Lp	Germantown, MD	Real Estate	$-15	$1,141	0.01%	Yes
Victory La Plata Lp	Rockville, MD	Real Estate	$-44	$1,080	0.01%	Yes
Takoma Tower Lp	Rockville, MD	Real Estate	$-3	$1,059	0.01%	Yes
Covenant Village Gp	Germantown, MD	Real Estate	$-26	$949	25%	Yes
Victory Terrace Lp	Rockville, MD	Real Estate	$-42	$731	0.01%	Yes
St Martins Apartments Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Crossing Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Parkfair Associates LLC	Rockville, MD	Real Estate	$5,170	$2,954,621	Victory Entr
Victory Enterprises Inc	Rockville, MD	Real Estate	$5,170	$2,954,621	Victory Hsg
Ccs - St Martins Apartments LLC	Rockville, MD	Real Estate	$-97	$3,541	Victory Hsg
Victory-hampshire LLC	Rockville, MD	Real Estate	$-44	$2,426	Victory Hsg

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
`	$15,750
Misc Current Liabilities	$13,418
Misc Long-term Liabilities	$2,382

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: 2016-09-29

Organization Details

Principal Officer: James a Brown Jr
Formed: 2009
Legal Domicile: Md
Voting Board Members: 7
Independent Board Members: 5
Employees: 0

Raw XML AppendixShowing 400 of 1,061 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.

Path	#	Value
IRS990/AccountantCompileOrReviewInd	0	false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt	0	13620
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt	0	21982
IRS990/AccountsReceivableGrp/BOYAmt	0	339
IRS990/AccountsReceivableGrp/EOYAmt	0	0
IRS990/ActivitiesConductedPrtshpInd	0	false
IRS990/ActivityOrMissionDesc	0	AFFORDABLE HOUSING AND SERVICES
IRS990/AdvertisingGrp/ProgramServicesAmt	0	88
IRS990/AdvertisingGrp/TotalAmt	0	88
IRS990/AllAffiliatesIncludedInd	0	false
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt	0	2058
IRS990/AllOtherExpensesGrp/ProgramServicesAmt	0	22803
IRS990/AllOtherExpensesGrp/TotalAmt	0	24861
IRS990/AnnualDisclosureCoveredPrsnInd	0	true
IRS990/AuditCommitteeInd	0	false
IRS990/BackupWthldComplianceInd	0	false
IRS990/BenefitsToMembersGrp/TotalAmt	0	0
IRS990/BooksInCareOfDetail/PersonNm	0	VICTORY HOUSING INC
IRS990/BooksInCareOfDetail/PhoneNum	0	3014936000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	11400 ROCKVILLE PIKE / 505
IRS990/BooksInCareOfDetail/USAddress/CityNm	0	ROCKVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd	0	20852
IRS990/BusinessRlnWithFamMemInd	0	false
IRS990/BusinessRlnWithOfficerEntInd	0	false
IRS990/BusinessRlnWithOrgMemInd	0	false
IRS990/CashNonInterestBearingGrp/BOYAmt	0	1061
IRS990/CashNonInterestBearingGrp/EOYAmt	0	2270
IRS990/ChangeToOrgDocumentsInd	0	false
IRS990/CntrctRcvdGreaterThan100KCnt	0	0
IRS990/CollectionsOfArtInd	0	false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt	0	0
IRS990/CompDisqualPersonsGrp/TotalAmt	0	0
IRS990/CompensationFromOtherSrcsInd	0	false
IRS990/CompensationProcessCEOInd	0	false
IRS990/CompensationProcessOtherInd	0	false
IRS990/ConferencesMeetingsGrp/TotalAmt	0	0
IRS990/ConflictOfInterestPolicyInd	0	true
IRS990/ConservationEasementsInd	0	false
IRS990/ConsolidatedAuditFinclStmtInd	0	false
IRS990/CreditCounselingInd	0	false
IRS990/CYBenefitsPaidToMembersAmt	0	0
IRS990/CYContributionsGrantsAmt	0	0
IRS990/CYGrantsAndSimilarPaidAmt	0	0
IRS990/CYInvestmentIncomeAmt	0	60
IRS990/CYOtherExpensesAmt	0	596592
IRS990/CYOtherRevenueAmt	0	0
IRS990/CYProgramServiceRevenueAmt	0	369803
IRS990/CYRevenuesLessExpensesAmt	0	-300353
IRS990/CYSalariesCompEmpBnftPaidAmt	0	73624
IRS990/CYTotalExpensesAmt	0	670216
IRS990/CYTotalFundraisingExpenseAmt	0	0
IRS990/CYTotalProfFndrsngExpnsAmt	0	0
IRS990/CYTotalRevenueAmt	0	369863
IRS990/DAFExcessBusinessHoldingsInd	0	false
IRS990/DecisionsSubjectToApprovaInd	0	false
IRS990/DeductibleArtContributionInd	0	false
IRS990/DeductibleNonCashContriInd	0	false
IRS990/DeferredRevenueGrp/BOYAmt	0	1
IRS990/DelegationOfMgmtDutiesInd	0	false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt	0	325177
IRS990/DepreciationDepletionGrp/TotalAmt	0	325177
IRS990/Desc	0	49 RENTAL APARTMENT UNITS PROVIDING AFFORDABLE HOUSING AND RELATED SOCIAL SERVICES TO VERY-LOW-INCOME INDEPENDENT SENIOR CITIZENS.
IRS990/DescribedInSection501c3Ind	0	true
IRS990/DisregardedEntityInd	0	true
IRS990/DistributionToDonorInd	0	false
IRS990/DocumentRetentionPolicyInd	0	true
IRS990/DonorAdvisedFundInd	0	false
IRS990/ElectionOfBoardMembersInd	0	false
IRS990/EmployeeCnt	0	0
IRS990/EmploymentTaxReturnsFiledInd	0	false
IRS990/EngagedInExcessBenefitTransInd	0	false
IRS990/EscrowAccountInd	0	false
IRS990/ExpenseAmt	0	634265
IRS990/FamilyOrBusinessRlnInd	0	false
IRS990/FederalGrantAuditRequiredInd	0	false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt	0	9600
IRS990/FeesForServicesAccountingGrp/TotalAmt	0	9600
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt	0	6265
IRS990/FeesForServicesLegalGrp/TotalAmt	0	6265
IRS990/FeesForServicesLobbyingGrp/TotalAmt	0	0
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt	0	24293
IRS990/FeesForServicesManagementGrp/TotalAmt	0	24293
IRS990/FeesForServicesOtherGrp/TotalAmt	0	0
IRS990/FeesForServicesProfFundraising/TotalAmt	0	0
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt	0	0
IRS990/ForeignActivitiesInd	0	false
IRS990/ForeignFinancialAccountInd	0	false
IRS990/ForeignGrantsGrp/TotalAmt	0	0
IRS990/ForeignOfficeInd	0	false
IRS990/Form1098CFiledInd	0	false
IRS990/Form8282FiledCnt	0	0
IRS990/Form8282PropertyDisposedOfInd	0	false
IRS990/Form8899Filedind	0	false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	0	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	1	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	2	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	3	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	4	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	5	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	6	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	7	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	0	0.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	1	0.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	2	0.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	3	0.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	4	0.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	5	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	6	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	7	1.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	0	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	1	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	2	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	3	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	4	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	5	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	6	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	0	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	1	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	2	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	3	X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	0	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	1	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	2	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	3	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	4	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	5	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	6	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	7	0
IRS990/Form990PartVIISectionAGrp/PersonNm	0	PAUL E JOHNSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm	1	ERIC SIMONTIS
IRS990/Form990PartVIISectionAGrp/PersonNm	2	MOST REV BARRY KNESTOUT
IRS990/Form990PartVIISectionAGrp/PersonNm	3	REV MSGR RALPH KUEHNER
IRS990/Form990PartVIISectionAGrp/PersonNm	4	KATHLEEN McWILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm	5	JOHN D SPENCER
IRS990/Form990PartVIISectionAGrp/PersonNm	6	JEFFREY BLACKWELL
IRS990/Form990PartVIISectionAGrp/PersonNm	7	JAMES A BROWN JR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	0	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	1	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	2	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	3	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	4	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	5	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	6	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	7	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	0	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	1	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	2	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	3	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	4	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	5	205246
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	6	161929
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	7	365893
IRS990/Form990PartVIISectionAGrp/TitleTxt	0	Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt	1	Director
IRS990/Form990PartVIISectionAGrp/TitleTxt	2	Director
IRS990/Form990PartVIISectionAGrp/TitleTxt	3	Director
IRS990/Form990PartVIISectionAGrp/TitleTxt	4	Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt	5	Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt	6	ASST SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt	7	President
IRS990/Form990ProvidedToGvrnBodyInd	0	true
IRS990/Form990TFiledInd	0	false
IRS990/FormationYr	0	2009
IRS990/FormerOfcrEmployeesListedInd	0	false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd	0	X
IRS990/FSAuditedInd	0	true
IRS990/FundraisingActivitiesInd	0	false
IRS990/GamingActivitiesInd	0	false
IRS990/GoverningBodyVotingMembersCnt	0	7
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt	0	0
IRS990/GrantsToDomesticOrgsGrp/TotalAmt	0	0
IRS990/GrantsToIndividualsInd	0	false
IRS990/GrantsToOrganizationsInd	0	false
IRS990/GrantToRelatedPersonInd	0	false
IRS990/GrossReceiptsAmt	0	369863
IRS990/GroupReturnForAffiliatesInd	0	false
IRS990/IncludeFIN48FootnoteInd	0	false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt	0	0
IRS990/IndependentAuditFinclStmtInd	0	false
IRS990/IndependentVotingMemberCnt	0	5
IRS990/IndivRcvdGreaterThan100KCnt	0	0
IRS990/IndoorTanningServicesInd	0	false
IRS990/InfoInScheduleOPartVIInd	0	X
IRS990/InformationTechnologyGrp/TotalAmt	0	0
IRS990/InsuranceGrp/TotalAmt	0	0
IRS990/IntangibleAssetsGrp/EOYAmt	0	0
IRS990/InterestGrp/TotalAmt	0	0
IRS990/InventoriesForSaleOrUseGrp/EOYAmt	0	0
IRS990/InvestmentIncomeGrp/ExclusionAmt	0	60
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt	0	60
IRS990/InvestmentInJointVentureInd	0	false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt	0	0
IRS990/InvestmentsProgramRelatedGrp/EOYAmt	0	0
IRS990/InvestmentsPubTradedSecGrp/EOYAmt	0	0
IRS990/InvestTaxExemptBondsInd	0	false
IRS990/IRPDocumentCnt	0	0
IRS990/IRPDocumentW2GCnt	0	0
IRS990/LandBldgEquipAccumDeprecAmt	0	1189929
IRS990/LandBldgEquipBasisNetGrp/BOYAmt	0	7026331
IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	6701153
IRS990/LandBldgEquipCostOrOtherBssAmt	0	7891082
IRS990/LegalDomicileStateCd	0	MD
IRS990/LicensedMoreThanOneStateInd	0	false
IRS990/LoanOutstandingInd	0	false
IRS990/LobbyingActivitiesInd	0	false
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	1000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	1000000
IRS990/NetAssetsOrFundBalancesBOYAmt	0	6146654
IRS990/NetAssetsOrFundBalancesEOYAmt	0	5846301
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	4564
IRS990/OfficeExpensesGrp/TotalAmt	0	4564
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	173115
IRS990/OtherAssetsTotalGrp/EOYAmt	0	188910
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	18747
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	18747
IRS990/OtherExpensesGrp/Desc	0	REPAIRS / MAINTENANCE
IRS990/OtherExpensesGrp/Desc	1	UTILITIES
IRS990/OtherExpensesGrp/Desc	2	GROUND LEASE
IRS990/OtherExpensesGrp/Desc	3	HAZARD INSURANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	113649
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	46589
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	30000
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	11004
IRS990/OtherExpensesGrp/TotalAmt	0	113649
IRS990/OtherExpensesGrp/TotalAmt	1	46589
IRS990/OtherExpensesGrp/TotalAmt	2	30000
IRS990/OtherExpensesGrp/TotalAmt	3	11004
IRS990/OtherLiabilitiesGrp/BOYAmt	0	49031
IRS990/OtherLiabilitiesGrp/EOYAmt	0	31550
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	48259
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	48259
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	0
IRS990/PartialLiquidationInd	0	false
IRS990/PaymentsToAffiliatesGrp/TotalAmt	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	6618
IRS990/PayrollTaxesGrp/TotalAmt	0	6618
IRS990/PensionPlanContributionsGrp/TotalAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	0
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	8460
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	7500
IRS990/PrincipalOfficerNm	0	JAMES A BROWN JR
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	123297
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	242931
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	3575
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	123297
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	242931
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	3575
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PYInvestmentIncomeAmt	0	48
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/PYOtherExpensesAmt	0	582645
IRS990/PYProgramServiceRevenueAmt	0	372873
IRS990/PYRevenuesLessExpensesAmt	0	-285536
IRS990/PYSalariesCompEmpBnftPaidAmt	0	75812
IRS990/PYTotalExpensesAmt	0	658457
IRS990/PYTotalRevenueAmt	0	372921
IRS990/QuidProQuoContributionsInd	0	false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-300353
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/CurrentTaxYearMinus3YearsAmt	0	372145
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	420000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	792145
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	60
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	48
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	35
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	10
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	153
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	366228
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	367792
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	366169
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	241290
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	1341479
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	60
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	48
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	35
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	10
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	153
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	3575
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	5081
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	6219
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	2769
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	17644
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.99170
IRS990ScheduleA/PublicSupportTotal509Amt	0	2133624
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	366228
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	367792
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	366169
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	613435
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	420000
IRS990ScheduleA/Total509Grp/TotalAmt	0	2133624
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	369863
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	372921
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	372423
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	616214
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	420000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	2151421
IRS990/ScheduleBRequiredInd	0	false
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	5650058
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	570190
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	6220248
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	1947
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	5353
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	7300
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	936172
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	304261
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	1240433
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	112976
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	310125
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	423101
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	15750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	13418
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	2382
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	`
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	MISC CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	2	MISC LONG-TERM LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	6701153
IRS990ScheduleD/TotalLiabilityAmt	0	31550
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	365893
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	1	161929
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	2	205246
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	0	JAMES A BROWN JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	1	JEFFREY BLACKWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	2	JOHN D SPENCER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	0	President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	1	ASST SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	2	Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	0	365893
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	1	161929
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	2	205246
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $6,899,833
Liabilities: $1,053,532
Net assets: $5,846,301
Revenue: $369,863
Expenses: $670,216
Net income: -$300,353

	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.	$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