Victory Court Inc

990 • Fiscal year 2017 • EIN 45-2954541

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 09, 2017

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.

0.60x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

6.31x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

-23%

Higher net margin than 9% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

$356,617

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 23.7% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

-5.9%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

5.4%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet

Liabilities / Assets78th percentile

Assets

Down

$15,788,692

Down $981,174 (-5.9%) from 2016

Net Assets

Down

$6,301,115

Down $352,825 (-5.3%) from 2016

Liabilities

Down

$9,487,577

Down $628,349 (-6.2%) from 2016

Revenue And Expenses

Liabilities / Revenue95th percentile Net Margin9th percentile

Revenue

$1,503,619

Up $77,371 (+5.4%) from 2016

Expenses

$1,856,444

Up $160,951 (+9.5%) from 2016

Net Income

Down

-$352,825

Down $83,580 (-31%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

Highlighted filing

2017

Assets$15,788,692

Liabilities$9,487,577

Net Assets$6,301,115

Open 2017 Filing

Operations Trend

Revenue Growth52nd percentile

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

Highlighted filing

2017

Revenue$1,503,619

Expenses$1,856,444

Net Income-$352,825

Open 2017 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2016 to Jun 30, 2017
Signed: Oct 9, 2017
Return Version: 2016v3.0
Gross Receipts: $1,503,619

Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$15,513,695	$14,899,310	▼ $614,385
Intangible Assets	$430,758	$0	▼ $430,758
Cash and Non-Interest-Bearing Accounts	-	$398,031	-
Savings and Temporary Cash Investments	$284,865	$0	▼ $284,865
Prepaid Expenses and Deferred Charges	$8,844	$9,554	▲ $710
Accounts Receivable	$3,404	$1,976	▼ $1,428
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	-
Inventories for Sale or Use	-	$0	-
Total Assets	$16,769,866	$15,788,692	▼ $981,174
Other Assets Total	$528,300	$479,821	▼ $48,479
Liabilities
Mortgage Notes Payable Secured by Investment Property	$9,955,079	$9,425,598	▼ $529,481
Accounts Payable and Accrued Expenses	$20,647	$31,593	▲ $10,946
Other Liabilities	$138,403	$26,850	▼ $111,553
Deferred Revenue	$1,797	$3,536	▲ $1,739
Total Liabilities	$10,115,926	$9,487,577	▼ $628,349
Net Assets / Fund Balance
Unrestricted Net Assets	$6,653,940	$6,301,115	▼ $352,825
Total Net Assets Fund Balance	$6,653,940	$6,301,115	▼ $352,825
Total Liabilities and Net Assets / Fund Balance	$16,769,866	$15,788,692	▼ $981,174

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$11,699,968	$1,179,944	$12,879,912
Leasehold Improvements	$1,483,682	$476,370	$1,960,052
Land	$1,495,361	-	$1,495,361
Other Land Buildings	$218,205	$601,483	$819,688
Equipment	$2,094	$6,115	$8,209

Compensation and Service Providers

Top Officer Pay85th percentile

Board Members and Trustees

Name	Title
Paul E Johnson Jr	Chairman
James a Brown Jr	President
Leila a Finucane	President & CEO
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: $1,503,546
Investment Income: $73
Other Revenue: $0
Change in Net Assets: $-352,825

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$1,702,611
Salaries, Compensation, and Employee Benefits	$153,833
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	$653,977	-	-	$653,977
Interest	$404,207	-	-	$404,207
All Other Expenses	$114,792	-	-	$114,792
Other Salaries and Wages	$104,862	-	-	$104,862
Fees for Services Management	-	$55,776	-	$55,776
Other Employee Benefits	$36,279	-	-	$36,279
Other Expenses	$31,905	$121,421	-	$31,905
Advertising	$17,369	-	-	$17,369
Payroll Taxes	$12,692	-	-	$12,692
Office Expenses	$9,755	-	-	$9,755
Fees for Services Accounting	-	$8,500	-	$8,500
Fees for Services Legal	$5,944	-	-	$5,944
Travel	$591	-	-	$591
Total Functional Expenses	$1,670,747	$185,697	$0	$1,856,444

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	$22,745	$6,375,953	0.01%	Yes
Victory Crossing Lp	Rockville, MD	Real Estate	$-104	$3,321	0.01%	Yes
Hampshire Village Assoc Lp	Rockville, MD	Real Estate	$-23	$2,289	0.00%	Yes
Parkside Seniorlp	Rockville, MD	Real Estate	$-41	$1,497	0.01%	Yes
Victory Forest Lp	Rockville, MD	Real Estate	$17	$1,238	0.01%	Yes
Covenant Village Lp	Germantown, MD	Real Estate	$-39	$1,090	0.01%	Yes
Takoma Tower Lp	Rockville, MD	Real Estate	$-17	$1,008	0.01%	Yes
Victory Woods LLC	Rockville, MD	Real Estate	$-25	$974	0.01%	Yes
Victory La Plata Lp	Rockville, MD	Real Estate	$-18	$918	0.01%	Yes
Covenant Village Gp LLC	Germantown, MD	Real Estate	$-9	$258	25%	Yes
St Martins Apartments Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Parkfair Associates LLC	Rockville, MD	Real Estate	$-68,159	$2,764,742	Victory Entr
Victory Enterprises Inc	Rockville, MD	Real Estate	$-68,159	$2,764,742	Victory Hsg
Ccs - St Martins Apartments LLC	Rockville, MD	Real Estate	$-104	$3,321	Victory Hsg
Victory-hampshire LLC	Rockville, MD	Real Estate	$-23	$2,289	Victory Hsg

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Resident Security Deposits	$25,315
Long-term Deferred Income	$1,535

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 Court Inc
EIN: 45-2954541
Phone: 3014936000
Address: 11400 ROCKVILLE PIKE /, ROCKVILLE, MD 20852

Signing Officer

Name: Leila a Finucane
Title: President & CEO
Signed: 2017-10-09

Organization Details

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

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IRS990/InformationTechnologyGrp/TotalAmt	0	0
IRS990/InsuranceGrp/TotalAmt	0	0
IRS990/IntangibleAssetsGrp/BOYAmt	0	430758
IRS990/IntangibleAssetsGrp/EOYAmt	0	0
IRS990/InterestGrp/ProgramServicesAmt	0	404207
IRS990/InterestGrp/TotalAmt	0	404207
IRS990/InventoriesForSaleOrUseGrp/EOYAmt	0	0
IRS990/InvestmentIncomeGrp/ExclusionAmt	0	73
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt	0	73
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	2263912
IRS990/LandBldgEquipBasisNetGrp/BOYAmt	0	15513695
IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	14899310
IRS990/LandBldgEquipCostOrOtherBssAmt	0	17163222
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	9955079
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	9425598
IRS990/NetAssetsOrFundBalancesBOYAmt	0	6653940
IRS990/NetAssetsOrFundBalancesEOYAmt	0	6301115
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	9755
IRS990/OfficeExpensesGrp/TotalAmt	0	9755
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	528300
IRS990/OtherAssetsTotalGrp/EOYAmt	0	479821
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	36279
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	36279
IRS990/OtherExpensesGrp/Desc	0	REPAIRS / MAINTENANCE
IRS990/OtherExpensesGrp/Desc	1	CONTRIBUTION EXPENSE
IRS990/OtherExpensesGrp/Desc	2	UTILITIES
IRS990/OtherExpensesGrp/Desc	3	GROUND LEASE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	0	121421
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	182368
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	96006
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	31905
IRS990/OtherExpensesGrp/TotalAmt	0	182368
IRS990/OtherExpensesGrp/TotalAmt	1	121421
IRS990/OtherExpensesGrp/TotalAmt	2	96006
IRS990/OtherExpensesGrp/TotalAmt	3	31905
IRS990/OtherLiabilitiesGrp/BOYAmt	0	138403
IRS990/OtherLiabilitiesGrp/EOYAmt	0	26850
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	104862
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	104862
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	0
IRS990/PartialLiquidationInd	0	false
IRS990/PaymentsToAffiliatesGrp/TotalAmt	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	12692
IRS990/PayrollTaxesGrp/TotalAmt	0	12692
IRS990/PensionPlanContributionsGrp/TotalAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	0
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	8844
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	9554
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/BusinessCd	3	531110
IRS990/ProgramServiceRevenueGrp/Desc	0	AFFORDABLE HOUSING
IRS990/ProgramServiceRevenueGrp/Desc	1	Fees & Contracts Gov Agencies
IRS990/ProgramServiceRevenueGrp/Desc	2	GRANT RELEASE INCOME
IRS990/ProgramServiceRevenueGrp/Desc	3	MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	1300055
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	128942
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	27333
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	3	47216
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	1300055
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	128942
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	27333
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	3	47216
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PYInvestmentIncomeAmt	0	102
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/PYOtherExpensesAmt	0	1541330
IRS990/PYProgramServiceRevenueAmt	0	1426146
IRS990/PYRevenuesLessExpensesAmt	0	-269245
IRS990/PYSalariesCompEmpBnftPaidAmt	0	154163
IRS990/PYTotalExpensesAmt	0	1695493
IRS990/PYTotalRevenueAmt	0	1426248
IRS990/QuidProQuoContributionsInd	0	false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-352825
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/BOYAmt	0	284865
IRS990/SavingsAndTempCashInvstGrp/EOYAmt	0	0
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	31183
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	7851454
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	7882637
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	73
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	103
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	196
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	7
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	379
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	1428997
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	1397277
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	1378767
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	521558
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	4726599
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	73
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	103
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	196
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	7
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	379
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	74549
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	28869
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	28870
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	55723
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	56917
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	244928
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.98090
IRS990ScheduleA/PublicSupportTotal509Amt	0	12609236
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	1428997
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	1397277
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	1378767
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	552741
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	7851454
IRS990ScheduleA/Total509Grp/TotalAmt	0	12609236
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	1503619
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	1426249
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	1407833
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	608471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	7908371
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	12854543
IRS990/ScheduleBRequiredInd	0	false
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	11699968
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	1179944
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	12879912
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	2094
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	6115
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	8209
IRS990ScheduleD/LandGrp/BookValueAmt	0	1495361
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	1495361
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	1483682
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	476370
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	1960052
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	218205
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	601483
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	819688
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	1535
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	25315
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	LONG-TERM DEFERRED INCOME
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	14899310
IRS990ScheduleD/TotalLiabilityAmt	0	26850
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	356617
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	1	150669

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $15,788,692
Liabilities: $9,487,577
Net assets: $6,301,115
Revenue: $1,503,619
Expenses: $1,856,444
Net income: -$352,825

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net 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
2017Detailed filing. Detailed filing data is available for this year.	$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