Victory Lakeside Inc

990 • Fiscal year 2016 • EIN 46-2901904

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 03, 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.

0.95x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

5.47x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

9.4%

Higher net margin than 68% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

$356,617

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 61.1% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

-2.5%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

2.0%

Faster revenue growth than 48% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet

Liabilities / Assets90th percentile

Assets

Down

$3,376,129

Down $88,139 (-2.5%) from 2015

Net Assets

$184,784

Up $54,687 (+42%) from 2015

Liabilities

Down

$3,191,345

Down $142,826 (-4.3%) from 2015

Revenue And Expenses

Liabilities / Revenue95th percentile Net Margin68th percentile

Revenue

$583,848

Up $11,428 (+2.0%) from 2015

Expenses

$529,161

Up $31,556 (+6.3%) from 2015

Net Income

Down

$54,687

Down $20,128 (-27%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

Highlighted filing

2016

Assets$3,376,129

Liabilities$3,191,345

Net Assets$184,784

Open 2016 Filing

Operations Trend

Revenue Growth48th percentile

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

Highlighted filing

2016

Revenue$583,848

Expenses$529,161

Net Income$54,687

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2016 to Dec 31, 2016
Signed: Apr 3, 2017
Return Version: 2016v3.0
Gross Receipts: $583,848

Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$3,183,817	$3,106,970	▼ $76,847
Cash and Non-Interest-Bearing Accounts	$120,280	$96,777	▼ $23,503
Intangible Assets	$44,185	$37,966	▼ $6,219
Prepaid Expenses and Deferred Charges	$20,908	$28,596	▲ $7,688
Accounts Receivable	$745	$49	▼ $696
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	-
Inventories for Sale or Use	-	$0	-
Total Assets	$3,464,268	$3,376,129	▼ $88,139
Other Assets Total	$94,333	$105,771	▲ $11,438
Liabilities
Mortgage Notes Payable Secured by Investment Property	$2,913,366	$2,846,089	▼ $67,277
Other Liabilities	$386,859	$324,325	▼ $62,534
Accounts Payable and Accrued Expenses	$17,123	$12,739	▼ $4,384
Deferred Revenue	$16,823	$8,192	▼ $8,631
Total Liabilities	$3,334,171	$3,191,345	▼ $142,826
Net Assets / Fund Balance
Unrestricted Net Assets	$130,097	$184,784	▲ $54,687
Total Net Assets Fund Balance	$130,097	$184,784	▲ $54,687
Total Liabilities and Net Assets / Fund Balance	$3,464,268	$3,376,129	▼ $88,139

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$2,073,409	$193,645	$2,267,054
Land	$990,000	-	$990,000
Leasehold Improvements	$26,148	$32,805	$58,953
Other Land Buildings	$12,467	$15,507	$27,974
Equipment	$4,946	$8,971	$13,917

Compensation and Service Providers

Top Officer Pay96th 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
Jeffrey Blackwell	Asst Secretary
KATHLEEN McWILLIAMS	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $583,823
Investment Income: $25
Other Revenue: $0
Change in Net Assets: $54,687

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$445,303
Salaries, Compensation, and Employee Benefits	$83,858
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Interest	$153,401	-	-	$153,401
Depreciation Depletion	$83,064	-	-	$83,064
Other Salaries and Wages	$69,162	-	-	$69,162
Fees for Services Management	-	$25,910	-	$25,910
Other Employee Benefits	$14,696	-	-	$14,696
All Other Expenses	$11,319	-	-	$11,319
Other Expenses	$5,910	-	-	$5,910
Insurance	$5,000	-	-	$5,000
Office Expenses	$1,836	-	-	$1,836
Advertising	$832	-	-	$832
Fees for Services Accounting	-	$150	-	$150
Travel	$95	-	-	$95
Total Functional Expenses	$503,101	$26,060	$0	$529,161

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	$-23	$2,289	0.01%	Yes
Takoma Tower Lp	Rockville, MD	Real Estate	$-39	$1,033	0.01%	Yes
Victory Forest Lp	Rockville, MD	Real Estate	$-9	$1,033	0.01%	Yes
Covenant Village Gp	Germantown, MD	Real Estate	-	-	25%	Yes
Covenant Village Lp	Germantown, MD	Real Estate	-	-	0.01%	Yes
Hampshire Village Assoc Lp	Rockville, MD	Real Estate	-	-	0.00%	Yes
Parkside Seniorlp	Rockville, MD	Real Estate	-	-	0.01%	Yes
St Martins Apartments Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Crossing Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory La Plata Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Woods LLC	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	$-68,259	$2,764,742	Victory Hsg
Victory-hampshire LLC	Rockville, MD	Real Estate	$-23	$2,289	Victory Hsg
Ccs - St Martins Apartments LLC	Rockville, MD	Real Estate	-	-	Victory Hsg

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Due to Victory Housing (equity)	$289,508
Resident Security Deposits	$20,388
Victory Housing Accrued Interest	$14,429

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 Lakeside Inc
EIN: 46-2901904
Phone: 3014936000
Address: 11400 ROCKVILLE PIKE /, ROCKVILLE, MD 20852

Signing Officer

Name: Leila a Finucane
Title: President
Signed: 2017-04-03

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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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/LandBldgEquipBasisNetGrp/EOYAmt	0	3106970
IRS990/LandBldgEquipCostOrOtherBssAmt	0	3357898
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	2913366
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	2846089
IRS990/NetAssetsOrFundBalancesBOYAmt	0	130097
IRS990/NetAssetsOrFundBalancesEOYAmt	0	184784
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	1836
IRS990/OfficeExpensesGrp/TotalAmt	0	1836
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	94333
IRS990/OtherAssetsTotalGrp/EOYAmt	0	105771
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	14696
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	14696
IRS990/OtherExpensesGrp/Desc	0	OPERATING & MAINTENANCE
IRS990/OtherExpensesGrp/Desc	1	REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc	2	UTILITIES
IRS990/OtherExpensesGrp/Desc	3	MISC. ADMIN EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	93620
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	35254
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	28912
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	5910
IRS990/OtherExpensesGrp/TotalAmt	0	93620
IRS990/OtherExpensesGrp/TotalAmt	1	35254
IRS990/OtherExpensesGrp/TotalAmt	2	28912
IRS990/OtherExpensesGrp/TotalAmt	3	5910
IRS990/OtherLiabilitiesGrp/BOYAmt	0	386859
IRS990/OtherLiabilitiesGrp/EOYAmt	0	324325
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	69162
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	69162
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	0
IRS990/PartialLiquidationInd	0	false
IRS990/PaymentsToAffiliatesGrp/TotalAmt	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990/PayrollTaxesGrp/TotalAmt	0	0
IRS990/PensionPlanContributionsGrp/TotalAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	0
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	20908
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	28596
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 RENTS
IRS990/ProgramServiceRevenueGrp/Desc	1	Fees & Contracts Gov Agencies
IRS990/ProgramServiceRevenueGrp/Desc	2	MISCELLANEOUS REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	448748
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	128329
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	6746
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	448748
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	128329
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	6746
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PYInvestmentIncomeAmt	0	25
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/PYOtherExpensesAmt	0	443154
IRS990/PYProgramServiceRevenueAmt	0	572395
IRS990/PYRevenuesLessExpensesAmt	0	74815
IRS990/PYSalariesCompEmpBnftPaidAmt	0	54451
IRS990/PYTotalExpensesAmt	0	497605
IRS990/PYTotalRevenueAmt	0	572420
IRS990/QuidProQuoContributionsInd	0	false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	54687
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/First5Years509Ind	0	X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	374508
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	374508
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	25
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	25
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	4
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	54
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	582679
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	572395
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	555666
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	228160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	1938900
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	25
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	25
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	4
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	54
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	0
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	2313408
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	582679
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	572395
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	555666
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	602668
IRS990ScheduleA/Total509Grp/TotalAmt	0	2313408
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	582704
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	572420
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	555670
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	602668
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	2313462
IRS990/ScheduleBRequiredInd	0	false
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	2073409
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	193645
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	2267054
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	4946
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	8971
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	13917
IRS990ScheduleD/LandGrp/BookValueAmt	0	990000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	990000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	26148
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	32805
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	58953
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	12467
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	15507
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	27974
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	289508
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	20388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	14429
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	DUE TO VICTORY HOUSING (EQUITY)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	2	VICTORY HOUSING ACCRUED INTEREST
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	3106970
IRS990ScheduleD/TotalLiabilityAmt	0	324325
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
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	2	205818
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	0	JAMES A BROWN JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	1	JEFFREY BLACKWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	2	JOHN D SPENCER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	0	President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	1	ASST SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	2	Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	0	356617
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	1	150669
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	2	205818
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
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd	0	false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $3,376,129
Liabilities: $3,191,345
Net assets: $184,784
Revenue: $583,848
Expenses: $529,161
Net income: $54,687

	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.	$3.31	$2.80	$0.51	$0.73	$0.68	$0.05
2023Detailed filing. Detailed filing data is available for this year.	$3.31	$2.80	$0.51	$0.69	$0.81	$0.12
2022Detailed filing. Detailed filing data is available for this year.	$3.04	$2.42	$0.63	$0.73	$0.63	$0.10
2021Detailed filing. Detailed filing data is available for this year.	$3.04	$2.51	$0.53	$0.73	$0.64	$0.09
2020Detailed filing. Detailed filing data is available for this year.	$3.04	$2.60	$0.44	$0.66	$0.65	$0.01
2019Detailed filing. Detailed filing data is available for this year.	$3.16	$2.73	$0.43	$0.69	$0.61	$0.08
2018Detailed filing. Detailed filing data is available for this year.	$3.25	$2.90	$0.35	$0.61	$0.53	$0.09
2017Detailed filing. Detailed filing data is available for this year.	$3.31	$3.04	$0.27	$0.70	$0.62	$0.08
2016Detailed filing. Detailed filing data is available for this year.	$3.38	$3.19	$0.18	$0.58	$0.53	$0.05
2015Detailed filing. Detailed filing data is available for this year.	$3.46	$3.33	$0.13	$0.57	$0.50	$0.07
2014Detailed filing. Detailed filing data is available for this year.	$3.48	$3.42	$0.06	$0.56	$0.52	$0.03
2013Summary only. Only limited summary data is available for this year.	$3.50	$3.48	$0.02	$0.23	$0.20	$0.02