Civic Intelligence

Victory Brookside Inc

990 • Fiscal year 2019 • EIN 45-3693816

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 10, 2020

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.

Liabilities / Assets

88th percentile

0.78x

Higher debt load relative to assets than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

2.92x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

26th percentile

-5.9%

Higher net margin than 26% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

95th percentile

$331,585

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 93.9% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

24th percentile

-3.4%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

37th percentile

-0.7%

Faster revenue growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,322,913

Down $47,204 (-3.4%) from 2018

Net Assets

Down

$290,953

Down $20,853 (-6.7%) from 2018

Liabilities

Down

$1,031,960

Down $26,351 (-2.5%) from 2018

Revenue

Down

$353,196

Down $2,348 (-0.7%) from 2018

Expenses

Up

$374,049

Up $31,328 (+9.1%) from 2018

Net Income

Down

-$20,853

Down $33,676 (-263%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $1,273,335Liabilities 2013: $1,191,372Net Assets 2013: $81,9632013Assets 2014: $1,273,203Liabilities 2014: $1,161,723Net Assets 2014: $111,4802014Assets 2015: $1,325,726Liabilities 2015: $1,127,207Net Assets 2015: $198,5192015Assets 2016: $1,362,064Liabilities 2016: $1,106,002Net Assets 2016: $256,0622016Assets 2017: $1,373,511Liabilities 2017: $1,074,528Net Assets 2017: $298,9832017Assets 2018: $1,370,117Liabilities 2018: $1,058,311Net Assets 2018: $311,8062018Assets 2019: $1,322,913Liabilities 2019: $1,031,960Net Assets 2019: $290,9532019Assets 2020: $1,274,229Liabilities 2020: $1,003,598Net Assets 2020: $270,6312020Assets 2021: $1,256,936Liabilities 2021: $983,694Net Assets 2021: $273,2422021Assets 2022: $1,269,533Liabilities 2022: $959,209Net Assets 2022: $310,3242022Assets 2023: $1,263,521Liabilities 2023: $931,689Net Assets 2023: $331,8322023Assets 2024: $1,342,389Liabilities 2024: $921,028Net Assets 2024: $421,3612024

Highlighted filing

2019

Assets$1,322,913
Liabilities$1,031,960
Net Assets$290,953

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $331,160Expenses 2013: $295,326Net Income 2013: $35,8342013Revenue 2014: $336,295Expenses 2014: $306,778Net Income 2014: $29,5172014Revenue 2015: $337,714Expenses 2015: $250,675Net Income 2015: $87,0392015Revenue 2016: $342,478Expenses 2016: $284,935Net Income 2016: $57,5432016Revenue 2017: $348,464Expenses 2017: $305,543Net Income 2017: $42,9212017Revenue 2018: $355,544Expenses 2018: $342,721Net Income 2018: $12,8232018Revenue 2019: $353,196Expenses 2019: $374,049Net Income 2019: -$20,8532019Revenue 2020: $362,664Expenses 2020: $382,986Net Income 2020: -$20,3222020Revenue 2021: $366,375Expenses 2021: $363,764Net Income 2021: $2,6112021Revenue 2022: $394,265Expenses 2022: $357,183Net Income 2022: $37,0822022Revenue 2023: $428,720Expenses 2023: $407,212Net Income 2023: $21,5082023Revenue 2024: $441,535Expenses 2024: $352,006Net Income 2024: $89,5292024

Highlighted filing

2019

Revenue$353,196
Expenses$374,049
Net Income-$20,853
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 10, 2020
Return Version
2019v5.0
Gross Receipts
$353,196
Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,126,095$1,125,845▼ $250
Cash and Non-Interest-Bearing Accounts$143,666$113,378▼ $30,288
Prepaid Expenses and Deferred Charges$9,918$13,461▲ $3,543
Accounts Receivable$8$1,374▲ $1,366
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$1,370,117$1,322,913▼ $47,204
Other Assets Total$90,430$68,855▼ $21,575
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,007,477$987,414▼ $20,063
Other Liabilities$24,387$36,765▲ $12,378
Accounts Payable and Accrued Expenses$25,159$6,073▼ $19,086
Deferred Revenue$1,288$1,708▲ $420
Total Liabilities$1,058,311$1,031,960▼ $26,351
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$311,806$290,953▼ $20,853
Total Net Assets Fund Balance$311,806$290,953▼ $20,853
Total Liabilities and Net Assets / Fund Balance$1,370,117$1,322,913▼ $47,204

Asset Categories

AssetBook ValueDepreciationBasis
Land$838,108-$838,108
Buildings$269,563$63,287$332,850
Leasehold Improvements$18,174$17,093$35,267
Equipment-$18,055$18,055
Other Land Buildings-$1,682$1,682
Other Assets Org$115--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul E Johnson JrChairman
Leila a FinucanePresident & CEO
John D SpencerVice President
Eric SimontisDirector
Rev Daniel B CarsonDirector
Jeffrey BlackwellAsst Secretary
KATHLEEN McWILLIAMSTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$353,174
Investment Income
$22
Other Revenue
$0
Change in Net Assets
$-20,853
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$308,539
Salaries, Compensation, and Employee Benefits$65,510
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,199--$50,199
Other Expenses$18,080$62,000-$18,080
Fees for Services Management-$15,736-$15,736
Depreciation Depletion$13,883--$13,883
All Other Expenses$13,550--$13,550
Other Employee Benefits$11,472--$11,472
Interest$9,695--$9,695
Fees for Services Accounting-$8,600-$8,600
Insurance$5,000--$5,000
Payroll Taxes$3,839--$3,839
Office Expenses$2,741--$2,741
Advertising$1,799--$1,799
Travel$418--$418
Total Functional Expenses$287,713$86,336$0$374,049
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Resident Security Deposits$24,889
Misc. Current Liabilities$11,116
Misc. Long-term Liabilities$760
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 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
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 Brookside Inc
EIN
45-3693816
Phone
3014936000
Address
11400 ROCKVILLE PIKE /, ROCKVILLE, MD 20852

Signing Officer

Name
Leila a Finucane
Title
President & CEO
Signed
2020-03-10

Organization Details

Principal Officer
Leila a Finucane
Formed
2012
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
3
Employees
0
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IRS990/PYRevenuesLessExpensesAmt012823
IRS990/PYSalariesCompEmpBnftPaidAmt041567
IRS990/PYTotalExpensesAmt0342721
IRS990/PYTotalRevenueAmt0355544
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-20853
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0353174
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt024
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt093
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0121
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0216
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0476
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0347839
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0352450
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0343763
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0338766
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0337498
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01720316
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt024
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt093
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0121
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0216
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0476
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05335
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03070
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt04608
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03591
IRS990ScheduleA/OtherIncome509Grp/TotalAmt016604
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99020
IRS990ScheduleA/PublicSupportPY509Pct00.99320
IRS990ScheduleA/PublicSupportTotal509Amt01720316
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0347839
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0352450
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0343763
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0338766
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0337498
IRS990ScheduleA/Total509Grp/TotalAmt01720316
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0353196
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0355544
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0348464
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0342478
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0337714
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01737396
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0269563
IRS990ScheduleD/BuildingsGrp/DepreciationAmt063287
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0332850
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018055
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018055
IRS990ScheduleD/LandGrp/BookValueAmt0838108
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0838108
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt018174
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017093
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt035267
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt042851
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt125889
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2115
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TAX AND INSURANCE ESCROW
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01682
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01682
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011116
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1760
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt224889
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MISC. CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISC. LONG-TERM LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01125845
IRS990ScheduleD/TotalBookValueOtherAssetsAmt068855
IRS990ScheduleD/TotalLiabilityAmt036765
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0174665
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1214683
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2309109
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt03493
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt14294
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt26180
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt016375
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt128013
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt216296
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JEFFREY BLACKWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOHN D SPENCER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2LEILA A FINUCANE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0ASST SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0194533
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1246990
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2331585
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT OF FORM 990 IS PROVIDED TO BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process

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