Civic Intelligence

Victory Court Inc

EIN 45-2954541 • 501(c)3 • Rockville, MD

Profile

Affordable housing and services

6001 Executive Blvd STE 300Rockville, MD 20852

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.72x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

5.64x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

15th percentile

-13%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

90th percentile

$479,592

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 31.5% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

21st percentile

-3.7%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

2.1%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$11,927,662

Down $453,536 (-3.7%) from 2023

Liabilities

Down

$8,599,472

Down $119,395 (-1.4%) from 2023

Net Assets

Down

$3,328,190

Down $334,141 (-9.1%) from 2023

Operations
Liabilities / Revenue95th percentileNet Margin15th percentile

Revenue

Up

$1,523,850

Up $32,031 (+2.1%) from 2023

Expenses

Down

$1,722,349

Down $74,519 (-4.1%) from 2023

Net Income

Up

-$198,499

Up $106,550 (+35%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2012: $500Liabilities 2012: $500Net Assets 2012: $02012Assets 2013: $13,930,932Liabilities 2013: $6,118,277Net Assets 2013: $7,812,6552013Assets 2014: $17,791,769Liabilities 2014: $10,626,785Net Assets 2014: $7,164,9842014Assets 2015: $18,045,056Liabilities 2015: $11,121,871Net Assets 2015: $6,923,1852015Assets 2016: $16,769,866Liabilities 2016: $10,115,926Net Assets 2016: $6,653,9402016Assets 2017: $15,788,692Liabilities 2017: $9,487,577Net Assets 2017: $6,301,1152017Assets 2018: $15,104,443Liabilities 2018: $9,389,869Net Assets 2018: $5,714,5742018Assets 2019: $14,581,591Liabilities 2019: $9,272,485Net Assets 2019: $5,309,1062019Assets 2020: $13,877,164Liabilities 2020: $9,169,253Net Assets 2020: $4,707,9112020Assets 2021: $13,357,001Liabilities 2021: $9,062,545Net Assets 2021: $4,294,4562021Assets 2022: $12,877,618Liabilities 2022: $8,910,238Net Assets 2022: $3,967,3802022Assets 2023: $12,381,198Liabilities 2023: $8,718,867Net Assets 2023: $3,662,3312023Assets 2024: $11,927,662Liabilities 2024: $8,599,472Net Assets 2024: $3,328,1902024

Highlighted filing

2024

Assets$11,927,662
Liabilities$8,599,472
Net Assets$3,328,190
Open 2024 Filing

Operations Trend

Revenue Growth39th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $7,908,371Expenses 2013: $95,716Net Income 2013: $7,812,6552013Revenue 2014: $608,471Expenses 2014: $1,177,362Net Income 2014: -$568,8912014Revenue 2015: $1,407,833Expenses 2015: $1,649,632Net Income 2015: -$241,7992015Revenue 2016: $1,426,248Expenses 2016: $1,695,493Net Income 2016: -$269,2452016Revenue 2017: $1,503,619Expenses 2017: $1,856,444Net Income 2017: -$352,8252017Revenue 2018: $1,461,368Expenses 2018: $2,047,909Net Income 2018: -$586,5412018Revenue 2019: $1,447,386Expenses 2019: $1,852,854Net Income 2019: -$405,4682019Revenue 2020: $1,480,415Expenses 2020: $2,081,610Net Income 2020: -$601,1952020Revenue 2021: $1,507,569Expenses 2021: $1,921,024Net Income 2021: -$413,4552021Revenue 2022: $1,536,491Expenses 2022: $1,863,567Net Income 2022: -$327,0762022Revenue 2023: $1,491,819Expenses 2023: $1,796,868Net Income 2023: -$305,0492023Revenue 2024: $1,523,850Expenses 2024: $1,722,349Net Income 2024: -$198,4992024

Highlighted filing

2024

Revenue$1,523,850
Expenses$1,722,349
Net Income-$198,499
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,927,662
Liabilities
$8,599,472
Net assets
$3,328,190
Revenue
$1,523,850
Expenses
$1,722,349
Net income
-$198,499
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.9$8.60$3.33$1.52$1.72$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$8.72$3.66$1.49$1.80$0.31
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$8.91$3.97$1.54$1.86$0.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.4$9.06$4.29$1.51$1.92$0.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$9.17$4.71$1.48$2.08$0.60
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.6$9.27$5.31$1.45$1.85$0.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.1$9.39$5.71$1.46$2.05$0.59
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$9.49$6.30$1.50$1.86$0.35
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.8$10.1$6.65$1.43$1.70$0.27
2015Detailed filing. Detailed filing data is available for this year.$18.0$11.1$6.92$1.41$1.65$0.24
2014Detailed filing. Detailed filing data is available for this year.$17.8$10.6$7.16$0.61$1.18$0.57
2013Summary only. Only limited summary data is available for this year.$13.9$6.12$7.81$7.91$0.10$7.81
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 16, 2025
Return Version
2024v5.2
Gross Receipts
$1,523,850
Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,591,876$11,094,505▼ $497,371
Cash and Non-Interest-Bearing Accounts$182,898$334,081▲ $151,183
Investments in Publicly Traded Securities$177,090--
Accounts Receivable$15,420$51,967▲ $36,547
Prepaid Expenses and Deferred Charges$13,031$17,076▲ $4,045
Total Assets$12,308,076$11,927,662▼ $380,414
Other Assets Total$327,761$430,033▲ $102,272
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,685,710$8,442,657▼ $243,053
Accounts Payable and Accrued Expenses$52,037$81,582▲ $29,545
Other Liabilities$38,892$47,747▲ $8,855
Deferred Revenue$4,748$27,486▲ $22,738
Total Liabilities$8,781,387$8,599,472▼ $181,915
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,526,689$3,328,190▼ $198,499
Total Net Assets Fund Balance$3,526,689$3,328,190▼ $198,499
Total Liabilities and Net Assets / Fund Balance$12,308,076$11,927,662▼ $380,414

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,256,881$3,584,045$12,840,926
Leasehold Improvements$537,816$1,469,391$2,007,207
Land$1,290,364-$1,290,364
Other Land Buildings$748$819,398$820,146
Equipment$8,696$64,733$73,429
Compensation and Service Providers
Top Officer Pay90th percentile

Board Members and Trustees

NameTitle
Leila A FinucanePresident & CEO
Jacqueline R SmedleyVice President
Donald TomassoDirector
Maurice PerryDirector
Michael GillDirector
Jeffrey BlackwellAsst Secretary
Sarah ORiellySecretary
Michelle M LimeresTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,511,571
Investment Income
$12,279
Other Revenue
$0
Change in Net Assets
$-198,499

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,523,850
Total Revenue per Audited Statements
$1,523,850
Total Revenue per Form 990
$1,523,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,490,172
Salaries, Compensation, and Employee Benefits$232,177
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$504,558--$504,558
Depreciation Depletion$497,702--$497,702
Other Salaries and Wages$187,440--$187,440
Payments to Affiliates-$58,854-$58,854
Fees for Services Management-$58,489-$58,489
Other Employee Benefits$24,809--$24,809
Other Expenses$20,979--$20,979
Payroll Taxes$19,928--$19,928
Fees for Services Other$18,405--$18,405
Advertising$17,289--$17,289
Office Expenses$17,288--$17,288
Fees for Services Accounting-$16,825-$16,825
Fees for Services Legal$3,423--$3,423
Information Technology$3,377--$3,377
Travel$47--$47
Total Functional Expenses$1,588,181$134,168$0$1,722,349

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,722,349
Total Expenses per Audited Statements$1,722,349
Total Expenses per Form 990$1,722,349
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Resident security deposits$20,666
Misc current liability$17,529
Security deposits$9,552
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“There shall be one class of membership with voting rights consisting of the Archbishop of the Archdiocese of Washington, the Moderator of the Curia of the Archdiocese of Washington, the Chancellor of the Archdiocese of Washington, and their successors in office, each as selected or appointed according to the discipline of the Roman Catholic Church. The persons holding these offices will be known as the Corporate Members of the Corporation.”

Member election for additional members Part VI line 7A

“Each Corporate Member shall have the right to one vote to elect and remove members to the board of directors and fill vacancies that may occur.”

Governing body decisions Part VI line 7B

“The Corporate Members reserve to themselves authority to authorize the followingactions:(a)The oversight & authentication of the Corporations mission;(b)The adoption or amendment of a mission statement;(c)The amendment of the Articles of Incoporation and the amendment of the Bylaws;(d)The election & removal of members to the Board of Directors & the filling of vacancies that may occur; (e)The appointment & termination of the President/Chief Executive Officer (CEO);(f)The acquisition, purchase, sale, lease, disposition or hypothecation of real propertyby Corporation;(g)The approval of the borrowing of money or the guarantee of any obligations;(h)The approval of any budget which reflects an operating deficit; (i)The approval of fiscal auditors; (j)The merger, liquidation, dissolution, winding up, or abandonment of the Corporation.”

Form 990 governing body review Part VI line 11

“Draft of form 990 is provided to board members for review prior to filing.”

Conflict of interest policy compliance Part VI line 12C

“The Organizations related entity, Victory Housing has a written Conflict of Interest Policy. The board members and officers of the Organization acknowledge and adhere to this policy, and they annually disclose any conflicts of interest.”

Governing documents etc available to public Part VI line 19

“Other Organization documents publicly available, upon request.”

Filing and Contact Details

Filer

Filer Name
Victory Court Inc
EIN
45-2954541
In Care Of
% Leila A Finucane
Phone
3014936000
Address
6001 Executive Blvd STE 300, Rockville, MD 20852

Signing Officer

Name
Leila a Finucane
Title
President & CEO
Phone
3014936000
Signed
2025-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leila A Finucane
Formed
2011
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Mullins PC
Address
7625 Wisconsin Avenue, Bethesda, MD 20814
Preparer
John Mullins
Phone
2027706371
Supplemental Narrative

Financial Statement Notes

Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740)

“Due to its tax-exempt status, The Organization is not subject to income taxes. The Organization is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and The Organization has no other tax positions which must be considered for disclosure. The Organizations Form 990, Return of Organization Exempt from Income Tax, for the previous three years are subject to examination by the IRS, generally for three years after they were filed.”

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
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IRS990/Form990PartVIISectionAGrp/PersonNm2Michelle M Limeres
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
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IRS990/OtherExpensesGrp/Desc2ResidentSocial Activity
IRS990/OtherExpensesGrp/Desc3Miscellaneous
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IRS990/OtherExpensesGrp/ProgramServicesAmt213012
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017076
IRS990/PrincipalOfficerNm0Leila A Finucane
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IRS990/ProgramServiceRevenueGrp/Desc1Fees & Contracts Gov Ag
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt061608
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt0136602
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IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/EquipmentGrp/BookValueAmt08696
IRS990ScheduleD/EquipmentGrp/DepreciationAmt064733
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01290364
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0537816
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01469391
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02007207
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0748
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0819398
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0820146
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020666
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19552
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt217529
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Resident security deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Misc current liability
IRS990ScheduleD/RevenueSubtotalAmt01523850
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Due to its tax-exempt status, The Organization is not subject to income taxes. The Organization is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and The Organization has no other tax positions which must be considered for disclosure. The Organizations Form 990, Return of Organization Exempt from Income Tax, for the previous three years are subject to examination by the IRS, generally for three years after they were filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740)
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1404
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt2600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt3600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt41200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Leila A Finucane
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Jacqueline R Smedley
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Michelle M Limeres
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3Jeffrey Blackwell
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4Sarah ORielly
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3Asst Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0479592
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1331543
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3294364
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4269953
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The President and Chief Executive Officer receives compensation from a related entity, Victory Housing, Inc. Victory Housing Inc. uses an independent compensation consultant, Form 990 of other organizations, compensation survey or study, and approval by the Victory Housing board to establish compensation.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0General Explanation Attachment
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IRS990/ScheduleORequiredInd0true

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