Victory Oaks Inc

990 • Fiscal year 2018 • EIN 26-4381436

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 12, 2018

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.

0.16x

Higher debt load relative to assets than 51% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

2.49x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

-53%

Higher net margin than 6% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

$235,976

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 56.4% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

-3.7%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

12%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet

Liabilities / Assets51st percentile

Assets

Down

$6,364,556

Down $242,496 (-3.7%) from 2017

Net Assets

Down

$5,324,695

Down $220,924 (-4.0%) from 2017

Liabilities

Down

$1,039,861

Down $21,572 (-2.0%) from 2017

Revenue And Expenses

Liabilities / Revenue90th percentile Net Margin6th percentile

Revenue

$418,432

Up $46,327 (+12%) from 2017

Expenses

Down

$639,356

Down $33,431 (-5.0%) from 2017

Net Income

-$220,924

Up $79,758 (+27%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

Highlighted filing

2018

Assets$6,364,556

Liabilities$1,039,861

Net Assets$5,324,695

Open 2018 Filing

Operations Trend

Revenue Growth68th percentile

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

Highlighted filing

2018

Revenue$418,432

Expenses$639,356

Net Income-$220,924

Open 2018 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2017 to Jun 30, 2018
Signed: Oct 12, 2018
Return Version: 2017v2.2
Gross Receipts: $418,432

Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$6,375,977	$6,115,046	▼ $260,931
Prepaid Expenses and Deferred Charges	$9,817	$7,973	▼ $1,844
Accounts Receivable	$7,985	$6,127	▼ $1,858
Cash and Non-Interest-Bearing Accounts	$760	$1,944	▲ $1,184
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	$6,607,052	$6,364,556	▼ $242,496
Other Assets Total	$212,513	$233,466	▲ $20,953
Liabilities
Mortgage Notes Payable Secured by Investment Property	$1,000,000	$1,000,000	→ $0
Other Liabilities	$29,197	$27,385	▼ $1,812
Accounts Payable and Accrued Expenses	$32,169	$12,421	▼ $19,748
Deferred Revenue	$67	$55	▼ $12
Total Liabilities	$1,061,433	$1,039,861	▼ $21,572
Net Assets / Fund Balance
Unrestricted Net Assets	$5,545,619	$5,324,695	▼ $220,924
Total Net Assets Fund Balance	$5,545,619	$5,324,695	▼ $220,924
Total Liabilities and Net Assets / Fund Balance	$6,607,052	$6,364,556	▼ $242,496

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$5,339,047	$881,201	$6,220,248
Leasehold Improvements	$767,650	$466,073	$1,233,723
Other Land Buildings	$8,349	$423,101	$431,450
Equipment	-	$7,300	$7,300

Compensation and Service Providers

Top Officer Pay82nd percentile

Board Members and Trustees

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

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $418,353
Investment Income: $79
Other Revenue: $0
Change in Net Assets: $-220,924

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$552,458
Salaries, Compensation, and Employee Benefits	$86,898
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	$267,827	-	-	$267,827
Other Salaries and Wages	$58,146	-	-	$58,146
All Other Expenses	$27,193	$2,058	-	$29,251
Fees for Services Management	-	$27,490	-	$27,490
Other Employee Benefits	$21,540	-	-	$21,540
Other Expenses	$10,080	-	-	$10,080
Fees for Services Accounting	-	$9,800	-	$9,800
Payroll Taxes	$7,212	-	-	$7,212
Office Expenses	$5,792	-	-	$5,792
Travel	$213	-	-	$213
Advertising	$108	-	-	$108
Total Functional Expenses	$600,008	$39,348	$0	$639,356

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
Victory Terrace Lp	Rockville, MD	Real Estate	$59,805	$6,192,446	0.01%	Yes
Victory Forest Lp	Rockville, MD	Real Estate	$72,084	$1,120	0.01%	Yes
Victory Woods LLC	Rockville, MD	Real Estate	$34,338	$934	0.01%	Yes
Victory La Plata Lp	Rockville, MD	Real Estate	$21,804	$850	0.01%	Yes
Victory Crossing Lp	Rockville, MD	Real Estate	-	$3,218	0.01%	Yes
Parkside Seniorlp	Rockville, MD	Real Estate	$-115	$1,498	0.01%	Yes
Hampshire Village Assoc Lp	Rockville, MD	Real Estate	$-32	$1,433	0.00%	Yes
Takoma Tower Lp	Rockville, MD	Real Estate	$12	$1,011	0.01%	Yes
Covenant Village Gp	Germantown, MD	Real Estate	$-32	$998	25%	Yes
Covenant Village Lp	Germantown, MD	Real Estate	$-32	$998	0.01%	Yes
St Martins Apartments Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Haven Lp	Rockville, MD	Real Estate	-	-	-	No

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Parkfair Associates LLC	Rockville, MD	Real Estate	$-33,983	$2,698,031	Victory Entr
Victory Enterprises Inc	Rockville, MD	Real Estate	$-33,983	$2,698,031	Victory Hsg
Victory-hampshire LLC	Rockville, MD	Real Estate	$-115	$3,218	Victory Hsg
Ccs - St Martins Apartments LLC	Rockville, MD	Real Estate	-	-	Victory Hsg
Victory Haven LLC	Rockville, MD	Real Estate	-	-	Victory Hsg

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Resident Security Deposits	$15,579
Misc Current Liabilities	$6,296
Misc Long-term Liabilities	$5,510

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: Leila a Finucane
Title: President & CEO
Signed: 2018-10-12

Organization Details

Principal Officer: Leila a Finucane
Formed: 2009
Legal Domicile: Md
Voting Board Members: 7
Independent Board Members: 5
Employees: 0

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IRS990/LandBldgEquipAccumDeprecAmt	0	1777675
IRS990/LandBldgEquipBasisNetGrp/BOYAmt	0	6375977
IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	6115046
IRS990/LandBldgEquipCostOrOtherBssAmt	0	7892721
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	5545619
IRS990/NetAssetsOrFundBalancesEOYAmt	0	5324695
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	5792
IRS990/OfficeExpensesGrp/TotalAmt	0	5792
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	212513
IRS990/OtherAssetsTotalGrp/EOYAmt	0	233466
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	21540
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	21540
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	121507
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	50390
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	30000
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	10080
IRS990/OtherExpensesGrp/TotalAmt	0	121507
IRS990/OtherExpensesGrp/TotalAmt	1	50390
IRS990/OtherExpensesGrp/TotalAmt	2	30000
IRS990/OtherExpensesGrp/TotalAmt	3	10080
IRS990/OtherLiabilitiesGrp/BOYAmt	0	29197
IRS990/OtherLiabilitiesGrp/EOYAmt	0	27385
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	58146
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	58146
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	0
IRS990/PartialLiquidationInd	0	false
IRS990/PaymentsToAffiliatesGrp/TotalAmt	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	7212
IRS990/PayrollTaxesGrp/TotalAmt	0	7212
IRS990/PensionPlanContributionsGrp/TotalAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	0
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	9817
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	7973
IRS990/PrincipalOfficerNm	0	LEILA A FINUCANE
IRS990/ProfessionalFundraisingInd	0	false
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	1	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	2	531110
IRS990/ProgramServiceRevenueGrp/Desc	0	AFFORDABLE HOUSING
IRS990/ProgramServiceRevenueGrp/Desc	1	Fees & Contracts Gov Agencies
IRS990/ProgramServiceRevenueGrp/Desc	2	MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	130167
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	282884
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	5302
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	130167
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	282884
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	5302
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PYInvestmentIncomeAmt	0	71
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/PYOtherExpensesAmt	0	590663
IRS990/PYProgramServiceRevenueAmt	0	372034
IRS990/PYRevenuesLessExpensesAmt	0	-300682
IRS990/PYSalariesCompEmpBnftPaidAmt	0	82124
IRS990/PYTotalExpensesAmt	0	672787
IRS990/PYTotalRevenueAmt	0	372105
IRS990/QuidProQuoContributionsInd	0	false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-220924
IRS990/RegularMonitoringEnfrcInd	0	true
IRS990/RelatedEntityInd	0	true
IRS990/RelatedOrganizationCtrlEntInd	0	false
IRS990/ReportInvestmentsOtherSecInd	0	false
IRS990/ReportLandBuildingEquipmentInd	0	true
IRS990/ReportOtherAssetsInd	0	false
IRS990/ReportOtherLiabilitiesInd	0	true
IRS990/ReportProgramRelatedInvstInd	0	false
IRS990/RoyaltiesGrp/TotalAmt	0	0
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt	0	0
IRS990/SavingsAndTempCashInvstGrp/EOYAmt	0	0
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	0
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	79
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	71
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	60
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	48
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	35
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	293
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	413051
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	367094
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	366228
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	367792
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	366169
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	1880334
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	79
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	71
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	60
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	48
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	35
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	293
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00020
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	5302
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	4940
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	3575
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	5081
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	6219
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	25117
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.98670
IRS990ScheduleA/PublicSupportPY509Pct	0	0.98920
IRS990ScheduleA/PublicSupportTotal509Amt	0	1880334
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	413051
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	367094
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	366228
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	367792
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	366169
IRS990ScheduleA/Total509Grp/TotalAmt	0	1880334
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	418432
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	372105
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	369863
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	372921
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	372423
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	1905744
IRS990/ScheduleBRequiredInd	0	false
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	5339047
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	881201
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	6220248
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	7300
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	7300
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	767650
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	466073
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	1233723
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	8349
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	423101
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	431450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	6296
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	5510
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	15579
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	MISC CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	MISC LONG-TERM LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	2	RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	6115046
IRS990ScheduleD/TotalLiabilityAmt	0	27385
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	173579
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	1	221900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	2	235976
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	0	JEFFREY BLACKWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	1	JOHN D SPENCER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	2	LEILA A FINUCANE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	0	ASST SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	1	Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	2	President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	0	173579
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	1	221900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	2	235976
IRS990ScheduleJ/SeverancePaymentInd	0	false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd	0	false

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $6,364,556
Liabilities: $1,039,861
Net assets: $5,324,695
Revenue: $418,432
Expenses: $639,356
Net income: -$220,924

	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