Victory Lakeside Inc

990 • Fiscal year 2017 • EIN 46-2901904

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 07, 2018

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.

0.92x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

4.36x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

12%

Higher net margin than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

$235,976

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 33.8% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

-1.9%

Faster asset growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

20%

Faster revenue growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet

Liabilities / Assets90th percentile

Assets

Down

$3,310,731

Down $65,398 (-1.9%) from 2016

Net Assets

$266,311

Up $81,527 (+44%) from 2016

Liabilities

Down

$3,044,420

Down $146,925 (-4.6%) from 2016

Revenue And Expenses

Liabilities / Revenue95th percentile Net Margin69th percentile

Revenue

$698,951

Up $115,103 (+20%) from 2016

Expenses

$617,424

Up $88,263 (+17%) from 2016

Net Income

$81,527

Up $26,840 (+49%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

Highlighted filing

2017

Assets$3,310,731

Liabilities$3,044,420

Net Assets$266,311

Open 2017 Filing

Operations Trend

Revenue Growth73rd percentile

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

Highlighted filing

2017

Revenue$698,951

Expenses$617,424

Net Income$81,527

Open 2017 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2017 to Dec 31, 2017
Signed: Apr 7, 2018
Return Version: 2017v2.2
Gross Receipts: $698,951

Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$3,106,970	$3,030,127	▼ $76,843
Cash and Non-Interest-Bearing Accounts	$96,777	$135,632	▲ $38,855
Intangible Assets	$37,966	$0	▼ $37,966
Prepaid Expenses and Deferred Charges	$28,596	$23,218	▼ $5,378
Accounts Receivable	$49	$5,362	▲ $5,313
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	$3,376,129	$3,310,731	▼ $65,398
Other Assets Total	$105,771	$116,392	▲ $10,621
Liabilities
Mortgage Notes Payable Secured by Investment Property	$2,846,089	$2,752,876	▼ $93,213
Other Liabilities	$324,325	$266,106	▼ $58,219
Accounts Payable and Accrued Expenses	$12,739	$17,681	▲ $4,942
Deferred Revenue	$8,192	$7,757	▼ $435
Total Liabilities	$3,191,345	$3,044,420	▼ $146,925
Net Assets / Fund Balance
Unrestricted Net Assets	$184,784	$266,311	▲ $81,527
Total Net Assets Fund Balance	$184,784	$266,311	▲ $81,527
Total Liabilities and Net Assets / Fund Balance	$3,376,129	$3,310,731	▼ $65,398

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$2,016,734	$250,320	$2,267,054
Land	$990,000	-	$990,000
Leasehold Improvements	$14,358	$44,595	$58,953
Other Land Buildings	$6,872	$21,102	$27,974
Equipment	$2,163	$11,754	$13,917

Compensation and Service Providers

Top Officer Pay92nd 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
Rev Msgr Charles Antonicelli	Director
Jeffrey Blackwell	Asst Secretary
KATHLEEN McWILLIAMS	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $698,925
Investment Income: $26
Other Revenue: $0
Change in Net Assets: $81,527

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$532,873
Salaries, Compensation, and Employee Benefits	$84,551
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Interest	$155,057	-	-	$155,057
Depreciation Depletion	$76,844	-	-	$76,844
Other Salaries and Wages	$64,978	-	-	$64,978
Fees for Services Management	-	$26,984	-	$26,984
Other Employee Benefits	$19,573	-	-	$19,573
All Other Expenses	$11,185	-	-	$11,185
Other Expenses	$6,444	-	-	$6,444
Insurance	$5,000	-	-	$5,000
Office Expenses	$985	-	-	$985
Advertising	$322	-	-	$322
Fees for Services Legal	$20	-	-	$20
Travel	$8	-	-	$8
Total Functional Expenses	$590,440	$26,984	$0	$617,424

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	$59,805	$6,192,446	0.01%	Yes
Victory Forest Lp	Rockville, MD	Real Estate	$72,084	$1,120	0.01%	Yes
Victory Woods LLC	Rockville, MD	Real Estate	$34,338	$934	0.01%	Yes
Victory La Plata Lp	Rockville, MD	Real Estate	$21,804	$850	0.01%	Yes
Victory Crossing Lp	Rockville, MD	Real Estate	-	$3,218	0.01%	Yes
Parkside Seniorlp	Rockville, MD	Real Estate	$-115	$1,498	0.01%	Yes
Hampshire Village Assoc Lp	Rockville, MD	Real Estate	$-32	$1,433	0.00%	Yes
Takoma Tower Lp	Rockville, MD	Real Estate	$12	$1,011	0.01%	Yes
Covenant Village Gp	Germantown, MD	Real Estate	$-32	$998	25%	Yes
Covenant Village Lp	Germantown, MD	Real Estate	$-32	$998	0.01%	Yes
St Martins Apartments Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Haven Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Parkfair Associates LLC	Rockville, MD	Real Estate	$-33,983	$2,698,031	Victory Entr
Victory Enterprises Inc	Rockville, MD	Real Estate	$-33,983	$2,698,031	Victory Hsg
Victory-hampshire LLC	Rockville, MD	Real Estate	$-115	$3,218	Victory Hsg
Ccs - St Martins Apartments 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
Due to Victory Housing (equity)	$264,508
Resident Security Deposits	$20,899
Victory Housing Accrued Interest	$12,561
Intangibles -- Net	$-31,862

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 & CEO
Signed: 2018-04-07

Organization Details

Principal Officer: Leila a Finucane
Formed: 2012
Legal Domicile: Md
Voting Board Members: 3
Independent Board Members: 3
Employees: 0

Raw XML AppendixShowing 400 of 1,070 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
IRS990/AccountantCompileOrReviewInd	0	false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt	0	12739
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt	0	17681
IRS990/AccountsReceivableGrp/BOYAmt	0	49
IRS990/AccountsReceivableGrp/EOYAmt	0	5362
IRS990/ActivitiesConductedPrtshpInd	0	false
IRS990/ActivityOrMissionDesc	0	AFFORDABLE HOUSING AND SERVICES
IRS990/AdvertisingGrp/ProgramServicesAmt	0	322
IRS990/AdvertisingGrp/TotalAmt	0	322
IRS990/AllAffiliatesIncludedInd	0	false
IRS990/AllOtherExpensesGrp/ProgramServicesAmt	0	11185
IRS990/AllOtherExpensesGrp/TotalAmt	0	11185
IRS990/AnnualDisclosureCoveredPrsnInd	0	true
IRS990/AuditCommitteeInd	0	false
IRS990/BackupWthldComplianceInd	0	false
IRS990/BenefitsToMembersGrp/TotalAmt	0	0
IRS990/BooksInCareOfDetail/PersonNm	0	VICTORY HOUSING INC
IRS990/BooksInCareOfDetail/PhoneNum	0	3014936000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	11400 ROCKVILLE PIKE / 505
IRS990/BooksInCareOfDetail/USAddress/CityNm	0	ROCKVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd	0	20852
IRS990/BusinessRlnWithFamMemInd	0	false
IRS990/BusinessRlnWithOfficerEntInd	0	false
IRS990/BusinessRlnWithOrgMemInd	0	false
IRS990/CashNonInterestBearingGrp/BOYAmt	0	96777
IRS990/CashNonInterestBearingGrp/EOYAmt	0	135632
IRS990/ChangeToOrgDocumentsInd	0	false
IRS990/CntrctRcvdGreaterThan100KCnt	0	0
IRS990/CollectionsOfArtInd	0	false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt	0	0
IRS990/CompDisqualPersonsGrp/TotalAmt	0	0
IRS990/CompensationFromOtherSrcsInd	0	false
IRS990/CompensationProcessCEOInd	0	false
IRS990/CompensationProcessOtherInd	0	false
IRS990/ConferencesMeetingsGrp/TotalAmt	0	0
IRS990/ConflictOfInterestPolicyInd	0	true
IRS990/ConservationEasementsInd	0	false
IRS990/ConsolidatedAuditFinclStmtInd	0	false
IRS990/CreditCounselingInd	0	false
IRS990/CYBenefitsPaidToMembersAmt	0	0
IRS990/CYContributionsGrantsAmt	0	0
IRS990/CYGrantsAndSimilarPaidAmt	0	0
IRS990/CYInvestmentIncomeAmt	0	26
IRS990/CYOtherExpensesAmt	0	532873
IRS990/CYOtherRevenueAmt	0	0
IRS990/CYProgramServiceRevenueAmt	0	698925
IRS990/CYRevenuesLessExpensesAmt	0	81527
IRS990/CYSalariesCompEmpBnftPaidAmt	0	84551
IRS990/CYTotalExpensesAmt	0	617424
IRS990/CYTotalFundraisingExpenseAmt	0	0
IRS990/CYTotalProfFndrsngExpnsAmt	0	0
IRS990/CYTotalRevenueAmt	0	698951
IRS990/DAFExcessBusinessHoldingsInd	0	false
IRS990/DecisionsSubjectToApprovaInd	0	false
IRS990/DeductibleArtContributionInd	0	false
IRS990/DeductibleNonCashContriInd	0	false
IRS990/DeferredRevenueGrp/BOYAmt	0	8192
IRS990/DeferredRevenueGrp/EOYAmt	0	7757
IRS990/DelegationOfMgmtDutiesInd	0	false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt	0	76844
IRS990/DepreciationDepletionGrp/TotalAmt	0	76844
IRS990/Desc	0	54 RENTAL APARTMENT UNITS PROVIDING AFFORDABLE HOUSING AND RELATED SOCIAL SERVICES TO LOW- AND MODERATE-INCOME SENIOR CITIZENS.
IRS990/DescribedInSection501c3Ind	0	true
IRS990/DisregardedEntityInd	0	true
IRS990/DistributionToDonorInd	0	false
IRS990/DocumentRetentionPolicyInd	0	true
IRS990/DonorAdvisedFundInd	0	false
IRS990/ElectionOfBoardMembersInd	0	false
IRS990/EmployeeCnt	0	0
IRS990/EmploymentTaxReturnsFiledInd	0	false
IRS990/EngagedInExcessBenefitTransInd	0	false
IRS990/EscrowAccountInd	0	false
IRS990/ExpenseAmt	0	590440
IRS990/FamilyOrBusinessRlnInd	0	false
IRS990/FederalGrantAuditRequiredInd	0	false
IRS990/FeesForServicesAccountingGrp/TotalAmt	0	0
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt	0	20
IRS990/FeesForServicesLegalGrp/TotalAmt	0	20
IRS990/FeesForServicesLobbyingGrp/TotalAmt	0	0
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt	0	26984
IRS990/FeesForServicesManagementGrp/TotalAmt	0	26984
IRS990/FeesForServicesOtherGrp/TotalAmt	0	0
IRS990/FeesForServicesProfFundraising/TotalAmt	0	0
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt	0	0
IRS990/ForeignActivitiesInd	0	false
IRS990/ForeignFinancialAccountInd	0	false
IRS990/ForeignGrantsGrp/TotalAmt	0	0
IRS990/ForeignOfficeInd	0	false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	0	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	1	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	2	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	3	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	4	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	5	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	6	0.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	0	0.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	1	0.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	2	0.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	3	0.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	4	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	5	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	6	1.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	0	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	1	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	2	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	0	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	1	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	2	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	3	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	4	X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	0	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	1	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	2	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	3	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	4	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	5	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	6	0
IRS990/Form990PartVIISectionAGrp/PersonNm	0	PAUL E JOHNSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm	1	ERIC SIMONTIS
IRS990/Form990PartVIISectionAGrp/PersonNm	2	REV MSGR CHARLES ANTONICELLI
IRS990/Form990PartVIISectionAGrp/PersonNm	3	KATHLEEN McWILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm	4	LEILA A FINUCANE
IRS990/Form990PartVIISectionAGrp/PersonNm	5	JOHN D SPENCER
IRS990/Form990PartVIISectionAGrp/PersonNm	6	JEFFREY BLACKWELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	0	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	1	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	2	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	3	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	4	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	5	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	6	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	0	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	1	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	2	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	3	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	4	235976
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	5	221900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	6	173579
IRS990/Form990PartVIISectionAGrp/TitleTxt	0	Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt	1	Director
IRS990/Form990PartVIISectionAGrp/TitleTxt	2	Director
IRS990/Form990PartVIISectionAGrp/TitleTxt	3	Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt	4	President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt	5	Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt	6	ASST SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd	0	true
IRS990/Form990TFiledInd	0	false
IRS990/FormationYr	0	2012
IRS990/FormerOfcrEmployeesListedInd	0	false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd	0	X
IRS990/FSAuditedInd	0	true
IRS990/FundraisingActivitiesInd	0	false
IRS990/GamingActivitiesInd	0	false
IRS990/GoverningBodyVotingMembersCnt	0	3
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt	0	0
IRS990/GrantsToDomesticOrgsGrp/TotalAmt	0	0
IRS990/GrantsToIndividualsInd	0	false
IRS990/GrantsToOrganizationsInd	0	false
IRS990/GrantToRelatedPersonInd	0	false
IRS990/GrossReceiptsAmt	0	698951
IRS990/GroupReturnForAffiliatesInd	0	false
IRS990/IncludeFIN48FootnoteInd	0	false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt	0	0
IRS990/IndependentAuditFinclStmtInd	0	false
IRS990/IndependentVotingMemberCnt	0	3
IRS990/IndivRcvdGreaterThan100KCnt	0	0
IRS990/IndoorTanningServicesInd	0	false
IRS990/InfoInScheduleOPartVIInd	0	X
IRS990/InformationTechnologyGrp/TotalAmt	0	0
IRS990/InsuranceGrp/ProgramServicesAmt	0	5000
IRS990/InsuranceGrp/TotalAmt	0	5000
IRS990/IntangibleAssetsGrp/BOYAmt	0	37966
IRS990/IntangibleAssetsGrp/EOYAmt	0	0
IRS990/InterestGrp/ProgramServicesAmt	0	155057
IRS990/InterestGrp/TotalAmt	0	155057
IRS990/InventoriesForSaleOrUseGrp/EOYAmt	0	0
IRS990/InvestmentIncomeGrp/ExclusionAmt	0	26
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt	0	26
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	327771
IRS990/LandBldgEquipBasisNetGrp/BOYAmt	0	3106970
IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	3030127
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	2846089
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	2752876
IRS990/NetAssetsOrFundBalancesBOYAmt	0	184784
IRS990/NetAssetsOrFundBalancesEOYAmt	0	266311
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	985
IRS990/OfficeExpensesGrp/TotalAmt	0	985
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	105771
IRS990/OtherAssetsTotalGrp/EOYAmt	0	116392
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	19573
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	19573
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	187965
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	37541
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	24518
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	6444
IRS990/OtherExpensesGrp/TotalAmt	0	187965
IRS990/OtherExpensesGrp/TotalAmt	1	37541
IRS990/OtherExpensesGrp/TotalAmt	2	24518
IRS990/OtherExpensesGrp/TotalAmt	3	6444
IRS990/OtherLiabilitiesGrp/BOYAmt	0	324325
IRS990/OtherLiabilitiesGrp/EOYAmt	0	266106
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	64978
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	64978
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	0
IRS990/PartialLiquidationInd	0	false
IRS990/PaymentsToAffiliatesGrp/TotalAmt	0	0
IRS990/PayrollTaxesGrp/TotalAmt	0	0
IRS990/PensionPlanContributionsGrp/TotalAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	0
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	28596
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	23218
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	460332
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	132570
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	106023
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	460332
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	132570
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	106023
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PYInvestmentIncomeAmt	0	25
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/PYOtherExpensesAmt	0	445303
IRS990/PYProgramServiceRevenueAmt	0	583823
IRS990/PYRevenuesLessExpensesAmt	0	54687
IRS990/PYSalariesCompEmpBnftPaidAmt	0	83858
IRS990/PYTotalExpensesAmt	0	529161
IRS990/PYTotalRevenueAmt	0	583848
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	81527
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/CurrentTaxYearMinus4YearsAmt	0	374508
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	374508
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	26
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	25
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	25
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	4
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	80
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	592902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	582679
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	572395
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	555666
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	228160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	2531802
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	26
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	25
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	25
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	4
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	80
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	106023
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	106023
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.96480
IRS990ScheduleA/PublicSupportTotal509Amt	0	2906310
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	592902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	582679
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	572395
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	555666
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	602668
IRS990ScheduleA/Total509Grp/TotalAmt	0	2906310
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	698951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	582704
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	572420
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	555670
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	602668
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	3012413
IRS990/ScheduleBRequiredInd	0	false
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	2016734
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	250320
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	2267054
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	2163
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	11754
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	13917
IRS990ScheduleD/LandGrp/BookValueAmt	0	990000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	990000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	14358
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	44595
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	58953
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	6872
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	21102
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	27974
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	264508
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	-31862
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	20899
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	3	12561
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	DUE TO VICTORY HOUSING (EQUITY)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	INTANGIBLES -- NET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	2	RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	3	VICTORY HOUSING ACCRUED INTEREST
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	3030127
IRS990ScheduleD/TotalLiabilityAmt	0	266106
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	173579
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	1	221900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	2	235976
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	173579
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	1	221900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	2	235976
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
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt	0	VICTORY ENTR
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt	1	VICTORY HSG
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt	2	VICTORY HSG
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt	3	VICTORY HSG
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt	4	VICTORY HSG
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt	0	PARKFAIR ASSOCIATES LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt	1	VICTORY ENTERPRISES INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing

Assets: $3,310,731
Liabilities: $3,044,420
Net assets: $266,311
Revenue: $698,951
Expenses: $617,424
Net income: $81,527

	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