Victory Court Inc

990 • Fiscal year 2019 • EIN 45-2954541

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.

0.64x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

6.41x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

-28%

Higher net margin than 8% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

$327,519

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 22.6% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

-3.5%

Faster asset growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

-1.0%

Faster revenue growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet

Liabilities / Assets80th percentile

Assets

Down

$14,581,591

Down $522,852 (-3.5%) from 2018

Net Assets

Down

$5,309,106

Down $405,468 (-7.1%) from 2018

Liabilities

Down

$9,272,485

Down $117,384 (-1.3%) from 2018

Revenue And Expenses

Liabilities / Revenue95th percentile Net Margin8th percentile

Revenue

Down

$1,447,386

Down $13,982 (-1.0%) from 2018

Expenses

Down

$1,852,854

Down $195,055 (-9.5%) from 2018

Net Income

-$405,468

Up $181,073 (+31%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

Highlighted filing

2019

Assets$14,581,591

Liabilities$9,272,485

Net Assets$5,309,106

Open 2019 Filing

Operations Trend

Revenue Growth35th percentile

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

Highlighted filing

2019

Revenue$1,447,386

Expenses$1,852,854

Net Income-$405,468

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: $1,447,386

Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$14,253,781	$13,721,775	▼ $532,006
Cash and Non-Interest-Bearing Accounts	$318,207	$625,026	▲ $306,819
Accounts Receivable	$14,170	$16,817	▲ $2,647
Prepaid Expenses and Deferred Charges	$10,105	$8,428	▼ $1,677
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	$15,104,443	$14,581,591	▼ $522,852
Other Assets Total	$508,180	$209,545	▼ $298,635
Liabilities
Mortgage Notes Payable Secured by Investment Property	$9,286,908	$9,173,874	▼ $113,034
Accounts Payable and Accrued Expenses	$64,614	$57,065	▼ $7,549
Other Liabilities	$37,272	$40,471	▲ $3,199
Deferred Revenue	$1,075	$1,075	→ $0
Total Liabilities	$9,389,869	$9,272,485	▼ $117,384
Net Assets / Fund Balance
Unrestricted Net Assets	$5,714,574	$5,309,106	▼ $405,468
Total Net Assets Fund Balance	$5,714,574	$5,309,106	▼ $405,468
Total Liabilities and Net Assets / Fund Balance	$15,104,443	$14,581,591	▼ $522,852

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$11,055,972	$1,823,940	$12,879,912
Leasehold Improvements	$1,225,108	$735,492	$1,960,600
Land	$1,440,695	-	$1,440,695
Other Land Buildings	-	$819,688	$819,688
Equipment	-	$8,209	$8,209

Compensation and Service Providers

Top Officer Pay81st 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: $1,442,853
Investment Income: $4,533
Other Revenue: $0
Change in Net Assets: $-405,468

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$1,694,662
Salaries, Compensation, and Employee Benefits	$158,192
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	$542,259	-	-	$542,259
Interest	$390,216	-	-	$390,216
Other Salaries and Wages	$106,489	-	-	$106,489
All Other Expenses	$98,309	-	-	$98,309
Fees for Services Management	-	$55,776	-	$55,776
Other Employee Benefits	$38,735	-	-	$38,735
Other Expenses	$28,903	$254,122	-	$28,903
Payroll Taxes	$12,968	-	-	$12,968
Office Expenses	$11,472	-	-	$11,472
Fees for Services Accounting	-	$8,850	-	$8,850
Travel	$2,096	-	-	$2,096
Fees for Services Legal	$2,083	-	-	$2,083
Total Functional Expenses	$1,534,106	$318,748	$0	$1,852,854

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 LLC	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	$27,437
Long-term Deferred Income	$8,510
Prepaid Rent	$4,524

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: 2019-10-10

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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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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	9286908
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	9173874
IRS990/NetAssetsOrFundBalancesBOYAmt	0	5714574
IRS990/NetAssetsOrFundBalancesEOYAmt	0	5309106
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	11472
IRS990/OfficeExpensesGrp/TotalAmt	0	11472
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	508180
IRS990/OtherAssetsTotalGrp/EOYAmt	0	209545
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	38735
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	38735
IRS990/OtherExpensesGrp/Desc	0	CONTRIBUTION EXPENSE
IRS990/OtherExpensesGrp/Desc	1	REPAIRS / MAINTENANCE
IRS990/OtherExpensesGrp/Desc	2	UTILITIES
IRS990/OtherExpensesGrp/Desc	3	RENTING EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	0	254122
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	220844
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	79732
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	28903
IRS990/OtherExpensesGrp/TotalAmt	0	254122
IRS990/OtherExpensesGrp/TotalAmt	1	220844
IRS990/OtherExpensesGrp/TotalAmt	2	79732
IRS990/OtherExpensesGrp/TotalAmt	3	28903
IRS990/OtherLiabilitiesGrp/BOYAmt	0	37272
IRS990/OtherLiabilitiesGrp/EOYAmt	0	40471
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	106489
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	106489
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	0
IRS990/PartialLiquidationInd	0	false
IRS990/PaymentsToAffiliatesGrp/TotalAmt	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	12968
IRS990/PayrollTaxesGrp/TotalAmt	0	12968
IRS990/PensionPlanContributionsGrp/TotalAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	0
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	10105
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	8428
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	GRANT RELEASE INCOME
IRS990/ProgramServiceRevenueGrp/Desc	2	MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	1441700
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	1153
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	1441700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	1153
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/PYOtherExpensesAmt	0	1887427
IRS990/PYProgramServiceRevenueAmt	0	1461368
IRS990/PYRevenuesLessExpensesAmt	0	-586541
IRS990/PYSalariesCompEmpBnftPaidAmt	0	160482
IRS990/PYTotalExpensesAmt	0	2047909
IRS990/PYTotalRevenueAmt	0	1461368
IRS990/QuidProQuoContributionsInd	0	false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-405468
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	4533
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	581
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	73
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	103
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	196
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	5486
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	1441700
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	1430293
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	1428997
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	1397277
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	1378767
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	7077034
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	4533
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	581
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	73
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	103
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	196
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	5486
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00080
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	1153
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	30494
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	74549
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	28869
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	28870
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	163935
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.97660
IRS990ScheduleA/PublicSupportPY509Pct	0	0.96570
IRS990ScheduleA/PublicSupportTotal509Amt	0	7077034
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	1441700
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	1430293
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	1428997
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	1397277
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	1378767
IRS990ScheduleA/Total509Grp/TotalAmt	0	7077034
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	1447386
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	1461368
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	1503619
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	1426249
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	1407833
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	7246455
IRS990/ScheduleBRequiredInd	0	false
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	11055972
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	1823940
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	12879912
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	8209
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	8209
IRS990ScheduleD/LandGrp/BookValueAmt	0	1440695
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	1440695
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	1225108
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	735492
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	1960600
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	819688
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	819688
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	8510
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	4524
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	27437
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	LONG-TERM DEFERRED INCOME
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	2	RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	13721775
IRS990ScheduleD/TotalLiabilityAmt	0	40471
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
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd	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: $14,581,591
Liabilities: $9,272,485
Net assets: $5,309,106
Revenue: $1,447,386
Expenses: $1,852,854
Net income: -$405,468

	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
2019Detailed filing. Detailed filing data is available for this year.	$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