Victory Oaks Inc

990 • Fiscal year 2019 • EIN 26-4381436

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 10, 2019

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.

0.17x

Higher debt load relative to assets than 52% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

2.28x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

-37%

Higher net margin than 8% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

$327,519

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 71.8% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

-2.6%

Faster asset growth than 25% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

9.0%

Faster revenue growth than 63% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet

Liabilities / Assets52nd percentile

Assets

Down

$6,198,664

Down $165,892 (-2.6%) from 2018

Net Assets

Down

$5,157,098

Down $167,597 (-3.1%) from 2018

Liabilities

$1,041,566

Up $1,705 (+0.2%) from 2018

Revenue And Expenses

Liabilities / Revenue90th percentile Net Margin8th percentile

Revenue

$456,142

Up $37,710 (+9.0%) from 2018

Expenses

Down

$623,739

Down $15,617 (-2.4%) from 2018

Net Income

-$167,597

Up $53,327 (+24%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

Highlighted filing

2019

Assets$6,198,664

Liabilities$1,041,566

Net Assets$5,157,098

Open 2019 Filing

Operations Trend

Revenue Growth63rd percentile

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

Highlighted filing

2019

Revenue$456,142

Expenses$623,739

Net Income-$167,597

Open 2019 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2018 to Jun 30, 2019
Signed: Oct 10, 2019
Return Version: 2018v3.1
Gross Receipts: $456,142

Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$6,115,046	$5,886,152	▼ $228,894
Cash and Non-Interest-Bearing Accounts	$1,944	$57,736	▲ $55,792
Prepaid Expenses and Deferred Charges	$7,973	$7,923	▼ $50
Accounts Receivable	$6,127	$305	▼ $5,822
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	$6,364,556	$6,198,664	▼ $165,892
Other Assets Total	$233,466	$246,548	▲ $13,082
Liabilities
Mortgage Notes Payable Secured by Investment Property	$1,000,000	$1,000,000	→ $0
Other Liabilities	$27,385	$21,563	▼ $5,822
Accounts Payable and Accrued Expenses	$12,421	$20,003	▲ $7,582
Deferred Revenue	$55	-	-
Total Liabilities	$1,039,861	$1,041,566	▲ $1,705
Net Assets / Fund Balance
Unrestricted Net Assets	$5,324,695	$5,157,098	▼ $167,597
Total Net Assets Fund Balance	$5,324,695	$5,157,098	▼ $167,597
Total Liabilities and Net Assets / Fund Balance	$6,364,556	$6,198,664	▼ $165,892

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$5,173,034	$1,034,606	$6,207,640
Leasehold Improvements	$685,401	$548,322	$1,233,723
Other Land Buildings	$6,679	$424,771	$431,450
Equipment	$21,038	$7,300	$28,338

Compensation and Service Providers

Top Officer Pay90th 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
Jeffrey Blackwell	Asst Secretary
KATHLEEN McWILLIAMS	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $456,060
Investment Income: $82
Other Revenue: $0
Change in Net Assets: $-167,597

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$538,050
Salaries, Compensation, and Employee Benefits	$85,689
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	$239,395	-	-	$239,395
Other Salaries and Wages	$58,335	-	-	$58,335
All Other Expenses	$34,341	$2,058	-	$36,399
Fees for Services Management	-	$29,795	-	$29,795
Other Employee Benefits	$20,493	-	-	$20,493
Other Expenses	$10,534	-	-	$10,534
Fees for Services Accounting	-	$10,000	-	$10,000
Payroll Taxes	$6,861	-	-	$6,861
Office Expenses	$4,676	-	-	$4,676
Travel	$197	-	-	$197
Total Functional Expenses	$581,886	$41,853	$0	$623,739

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	$2,000	$5,876,021	0.01%	Yes
Victory Forest Lp	Rockville, MD	Real Estate	$551,596	$1,094	0.01%	Yes
Victory Woods LLC	Rockville, MD	Real Estate	$44,665	$900	0.01%	Yes
Victory La Plata Lp	Rockville, MD	Real Estate	$12,911	$825	0.01%	Yes
Victory Crossing Lp	Rockville, MD	Real Estate	$-103	$3,117	0.01%	Yes
Parkside Seniorlp	Rockville, MD	Real Estate	$-10	$2,187	0.01%	Yes
Hampshire Village Assoc Lp	Rockville, MD	Real Estate	$-22	$1,383	0.00%	Yes
Takoma Tower Lp	Rockville, MD	Real Estate	$168	$1,049	0.01%	Yes
Covenant Village Gp	Germantown, MD	Real Estate	$-12	$976	25%	Yes
Covenant Village Lp	Germantown, MD	Real Estate	$-12	$976	0.01%	Yes
St Martins Apartments Lp	Rockville, MD	Real Estate	-	$552	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	$24,555	$2,679,554	Victory Entr
Victory Enterprises Inc	Rockville, MD	Real Estate	$24,555	$2,679,554	Victory Hsg
Victory-hampshire LLC	Rockville, MD	Real Estate	$-103	$3,117	Victory Hsg
Ccs - St Martins Apartments LLC	Rockville, MD	Real Estate	-	$552	Victory Hsg
Spring Flats Md 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	$16,053
Misc Long-term Liabilities	$4,849
Misc Current Liabilities	$661

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: 2019-10-10

Organization Details

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

Raw XML AppendixShowing 400 of 1,093 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	12421
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt	0	20003
IRS990/AccountsReceivableGrp/BOYAmt	0	6127
IRS990/AccountsReceivableGrp/EOYAmt	0	305
IRS990/ActivitiesConductedPrtshpInd	0	false
IRS990/ActivityOrMissionDesc	0	AFFORDABLE HOUSING AND SERVICES
IRS990/AdvertisingGrp/TotalAmt	0	0
IRS990/AllAffiliatesIncludedInd	0	false
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt	0	2058
IRS990/AllOtherExpensesGrp/ProgramServicesAmt	0	34341
IRS990/AllOtherExpensesGrp/TotalAmt	0	36399
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	1944
IRS990/CashNonInterestBearingGrp/EOYAmt	0	57736
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	82
IRS990/CYOtherExpensesAmt	0	538050
IRS990/CYOtherRevenueAmt	0	0
IRS990/CYProgramServiceRevenueAmt	0	456060
IRS990/CYRevenuesLessExpensesAmt	0	-167597
IRS990/CYSalariesCompEmpBnftPaidAmt	0	85689
IRS990/CYTotalExpensesAmt	0	623739
IRS990/CYTotalFundraisingExpenseAmt	0	0
IRS990/CYTotalProfFndrsngExpnsAmt	0	0
IRS990/CYTotalRevenueAmt	0	456142
IRS990/DAFExcessBusinessHoldingsInd	0	false
IRS990/DecisionsSubjectToApprovaInd	0	false
IRS990/DeductibleArtContributionInd	0	false
IRS990/DeductibleNonCashContriInd	0	false
IRS990/DeferredRevenueGrp/BOYAmt	0	55
IRS990/DelegationOfMgmtDutiesInd	0	false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt	0	239395
IRS990/DepreciationDepletionGrp/TotalAmt	0	239395
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	581886
IRS990/FamilyOrBusinessRlnInd	0	false
IRS990/FederalGrantAuditRequiredInd	0	false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt	0	10000
IRS990/FeesForServicesAccountingGrp/TotalAmt	0	10000
IRS990/FeesForServicesLegalGrp/TotalAmt	0	0
IRS990/FeesForServicesLobbyingGrp/TotalAmt	0	0
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt	0	29795
IRS990/FeesForServicesManagementGrp/TotalAmt	0	29795
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/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	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	5	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	6	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/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/PersonNm	0	PAUL E JOHNSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm	1	ERIC SIMONTIS
IRS990/Form990PartVIISectionAGrp/PersonNm	2	MOST REV CHARLES ANTONICELLI
IRS990/Form990PartVIISectionAGrp/PersonNm	3	KATHLEEN McWILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm	4	JOHN D SPENCER
IRS990/Form990PartVIISectionAGrp/PersonNm	5	JEFFREY BLACKWELL
IRS990/Form990PartVIISectionAGrp/PersonNm	6	LEILA A FINUCANE
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/ReportableCompFromRltdOrgAmt	0	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	1	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	2	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	3	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	4	223572
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	5	186646
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	6	327519
IRS990/Form990PartVIISectionAGrp/TitleTxt	0	Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt	1	Director
IRS990/Form990PartVIISectionAGrp/TitleTxt	2	Director
IRS990/Form990PartVIISectionAGrp/TitleTxt	3	Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt	4	Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt	5	ASST SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt	6	President & CEO
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	456142
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	82
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt	0	82
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	2014999
IRS990/LandBldgEquipBasisNetGrp/BOYAmt	0	6115046
IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	5886152
IRS990/LandBldgEquipCostOrOtherBssAmt	0	7901151
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	5324695
IRS990/NetAssetsOrFundBalancesEOYAmt	0	5157098
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	4676
IRS990/OfficeExpensesGrp/TotalAmt	0	4676
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	233466
IRS990/OtherAssetsTotalGrp/EOYAmt	0	246548
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	20493
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	20493
IRS990/OtherExpensesGrp/Desc	0	REPAIRS / MAINTENANCE
IRS990/OtherExpensesGrp/Desc	1	UTILITIES
IRS990/OtherExpensesGrp/Desc	2	GROUND LEASE
IRS990/OtherExpensesGrp/Desc	3	LOSS ON DISPOSAL FIXED ASSETS
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	126951
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	50103
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	30000
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	10534
IRS990/OtherExpensesGrp/TotalAmt	0	126951
IRS990/OtherExpensesGrp/TotalAmt	1	50103
IRS990/OtherExpensesGrp/TotalAmt	2	30000
IRS990/OtherExpensesGrp/TotalAmt	3	10534
IRS990/OtherLiabilitiesGrp/BOYAmt	0	27385
IRS990/OtherLiabilitiesGrp/EOYAmt	0	21563
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	58335
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	58335
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	0
IRS990/PartialLiquidationInd	0	false
IRS990/PaymentsToAffiliatesGrp/TotalAmt	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	6861
IRS990/PayrollTaxesGrp/TotalAmt	0	6861
IRS990/PensionPlanContributionsGrp/TotalAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	0
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	7973
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	7923
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	135805
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	314636
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	5619
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	135805
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	314636
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	5619
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PYInvestmentIncomeAmt	0	79
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/PYOtherExpensesAmt	0	552458
IRS990/PYProgramServiceRevenueAmt	0	418353
IRS990/PYRevenuesLessExpensesAmt	0	-220924
IRS990/PYSalariesCompEmpBnftPaidAmt	0	86898
IRS990/PYTotalExpensesAmt	0	639356
IRS990/PYTotalRevenueAmt	0	418432
IRS990/QuidProQuoContributionsInd	0	false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-167597
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	82
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	79
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	71
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	60
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	48
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	340
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	450441
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	413051
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	367094
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	366228
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	367792
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	1964606
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	82
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	79
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	71
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	60
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	48
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	340
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00020
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	5619
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	5302
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	4940
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	3575
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	5081
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	24517
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.98750
IRS990ScheduleA/PublicSupportPY509Pct	0	0.98670
IRS990ScheduleA/PublicSupportTotal509Amt	0	1964606
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	450441
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	413051
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	367094
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	366228
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	367792
IRS990ScheduleA/Total509Grp/TotalAmt	0	1964606
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	456142
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	418432
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	372105
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	369863
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	372921
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	1989463
IRS990/ScheduleBRequiredInd	0	false
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	5173034
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	1034606
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	6207640
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	21038
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	7300
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	28338
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	685401
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	548322
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	1233723
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	6679
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	424771
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	431450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	661
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	4849
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	16053
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	5886152
IRS990ScheduleD/TotalLiabilityAmt	0	21563
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	186646
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	1	223572
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	2	327519
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	186646
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	1	223572
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	2	327519
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd	0	false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd	0	false
IRS990ScheduleR/AssetSaleToOtherOrgInd	0	false
IRS990ScheduleR/DivRelatedOrganizationInd	0	false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $6,198,664
Liabilities: $1,041,566
Net assets: $5,157,098
Revenue: $456,142
Expenses: $623,739
Net income: -$167,597

	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