Victory Lakeside Inc

990 • Fiscal year 2019 • EIN 46-2901904

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 12, 2020

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.

0.86x

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

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

3.97x

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

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

11%

Higher net margin than 67% of similar nonprofits.

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

No value available

This filing does not contain officer compensation rows.

Source year 2019

-2.7%

Faster asset growth than 27% of similar nonprofits.

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

12%

Faster revenue growth than 66% of similar nonprofits.

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

Balance Sheet

Liabilities / Assets90th percentile

Assets

Down

$3,161,742

Down $87,955 (-2.7%) from 2018

Net Assets

$430,831

Up $76,295 (+22%) from 2018

Liabilities

Down

$2,730,911

Down $164,250 (-5.7%) from 2018

Revenue And Expenses

Liabilities / Revenue95th percentile Net Margin67th percentile

Revenue

$687,190

Up $73,940 (+12%) from 2018

Expenses

$610,895

Up $85,870 (+16%) from 2018

Net Income

Down

$76,295

Down $11,930 (-14%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

Highlighted filing

2019

Assets$3,161,742

Liabilities$2,730,911

Net Assets$430,831

Open 2019 Filing

Operations Trend

Revenue Growth66th percentile

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

Highlighted filing

2019

Revenue$687,190

Expenses$610,895

Net Income$76,295

Open 2019 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2019 to Dec 31, 2019
Signed: Feb 12, 2020
Return Version: 2019v5.0
Gross Receipts: $687,190

Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$2,960,552	$2,929,368	▼ $31,184
Cash and Non-Interest-Bearing Accounts	$110,447	$59,018	▼ $51,429
Prepaid Expenses and Deferred Charges	$27,266	$26,718	▼ $548
Accounts Receivable	$1,897	$5,758	▲ $3,861
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	$3,249,697	$3,161,742	▼ $87,955
Other Assets Total	$149,535	$140,880	▼ $8,655
Liabilities
Mortgage Notes Payable Secured by Investment Property	$2,725,014	$2,638,855	▼ $86,159
Other Liabilities	$162,984	$74,120	▼ $88,864
Accounts Payable and Accrued Expenses	$3,161	$10,110	▲ $6,949
Deferred Revenue	$4,002	$7,826	▲ $3,824
Total Liabilities	$2,895,161	$2,730,911	▼ $164,250
Net Assets / Fund Balance
Net Assets Without Donor Restrictions	$354,536	$430,831	▲ $76,295
Total Net Assets Fund Balance	$354,536	$430,831	▲ $76,295
Total Liabilities and Net Assets / Fund Balance	$3,249,697	$3,161,742	▼ $87,955

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$1,903,381	$363,673	$2,267,054
Land	$990,000	-	$990,000
Leasehold Improvements	$30,584	$58,854	$89,438
Other Land Buildings	-	$27,974	$27,974
Equipment	$5,403	$3,353	$8,756

Compensation and Service Providers

Top Officer PayScore unavailable

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: $687,153
Investment Income: $37
Other Revenue: $0
Change in Net Assets: $76,295

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$494,331
Salaries, Compensation, and Employee Benefits	$116,564
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Interest	$140,524	-	-	$140,524
Other Salaries and Wages	$89,321	-	-	$89,321
Depreciation Depletion	$70,891	-	-	$70,891
All Other Expenses	$34,653	-	-	$34,653
Fees for Services Management	-	$27,624	-	$27,624
Other Employee Benefits	$27,243	-	-	$27,243
Other Expenses	$21,131	-	-	$21,131
Insurance	$5,000	-	-	$5,000
Office Expenses	$3,679	-	-	$3,679
Advertising	$2,355	-	-	$2,355
Travel	$717	-	-	$717
Total Functional Expenses	$583,271	$27,624	$0	$610,895

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
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
Spring Flats Md LLC	Rockville, MD	Real Estate	-	-	-	No
St Martins Apartments Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Takoma Tower Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Crossing Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Forest Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Haven LLC	Rockville, MD	Real Estate	-	-	-	No
Victory Haven Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory La Plata Lp	Rockville, MD	Real Estate	-	-	0.01%	Yes
Victory Terrace 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
Ccs - St Martins Apartments LLC	Rockville, MD	Real Estate	-	-	Victory Hsg
Parkfair Associates LLC	Rockville, MD	Real Estate	-	-	Victory Entr
Victory Enterprises Inc	Rockville, MD	Real Estate	-	-	Victory Hsg
Victory-hampshire LLC	Rockville, MD	Real Estate	-	-	Victory Hsg

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Due to Victory Housing (equity)	$107,508
Resident Security Deposits	$22,694
Victory Housing Accrued Interest	$11,080
Intangibles -- Net	$-67,162

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

Signing Officer

Name: Leila a Finucane
Title: President & CEO
Signed: 2020-02-12

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/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt	0	0
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt	0	0
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt	0	0
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt	0	354536
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt	0	430831
IRS990/NondeductibleContributionsInd	0	false
IRS990/OccupancyGrp/TotalAmt	0	0
IRS990/OfficeExpensesGrp/ProgramServicesAmt	0	3679
IRS990/OfficeExpensesGrp/TotalAmt	0	3679
IRS990/OfficerMailingAddressInd	0	false
IRS990/OperateHospitalInd	0	false
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsFASB117Ind	0	X
IRS990/OtherAssetsTotalGrp/BOYAmt	0	149535
IRS990/OtherAssetsTotalGrp/EOYAmt	0	140880
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	27243
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	27243
IRS990/OtherExpensesGrp/Desc	0	OPERATING & MAINTENANCE
IRS990/OtherExpensesGrp/Desc	1	REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc	2	UTILITIES
IRS990/OtherExpensesGrp/Desc	3	VAN LEASE
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	116026
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	41847
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	29884
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	21131
IRS990/OtherExpensesGrp/TotalAmt	0	116026
IRS990/OtherExpensesGrp/TotalAmt	1	41847
IRS990/OtherExpensesGrp/TotalAmt	2	29884
IRS990/OtherExpensesGrp/TotalAmt	3	21131
IRS990/OtherLiabilitiesGrp/BOYAmt	0	162984
IRS990/OtherLiabilitiesGrp/EOYAmt	0	74120
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	89321
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	89321
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	27266
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	26718
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	507241
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	106840
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	73072
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	507241
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	106840
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	73072
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PYInvestmentIncomeAmt	0	33
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/PYOtherExpensesAmt	0	465896
IRS990/PYProgramServiceRevenueAmt	0	613217
IRS990/PYRevenuesLessExpensesAmt	0	88225
IRS990/PYSalariesCompEmpBnftPaidAmt	0	59129
IRS990/PYTotalExpensesAmt	0	525025
IRS990/PYTotalRevenueAmt	0	613250
IRS990/QuidProQuoContributionsInd	0	false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	76295
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/RevenueAmt	0	687153
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/TotalAmt	0	0
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	33
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	26
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	25
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	25
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	109
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	607951
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	592902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	582679
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	572395
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	2355927
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	33
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	26
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	25
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	25
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	109
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	5266
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	106023
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	111289
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	2355927
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	607951
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	592902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	582679
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	572395
IRS990ScheduleA/Total509Grp/TotalAmt	0	2355927
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	613250
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	698951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	582704
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	572420
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	2467325
IRS990/ScheduleBRequiredInd	0	false
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	1903381
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	363673
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	2267054
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	5403
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	3353
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	8756
IRS990ScheduleD/LandGrp/BookValueAmt	0	990000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	990000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	30584
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	58854
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	89438
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	27974
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	27974
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	107508
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	-67162
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	2	22694
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	3	11080
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	2929368
IRS990ScheduleD/TotalLiabilityAmt	0	74120
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
IRS990/ScheduleJRequiredInd	0	true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	0	174665
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	1	214683
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	2	309019
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt	0	3493
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt	1	4294
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt	2	6180
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt	0	16375
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt	1	28013
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt	2	16296
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	194533
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	1	246990
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	2	331495
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/DisregardedEntityName/BusinessNameLine1Txt	0	PARKFAIR ASSOCIATES LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt	1	VICTORY ENTERPRISES INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt	2	VICTORY-HAMPSHIRE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt	3	CCS - ST MARTINS APARTMENTS LLC

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $3,161,742
Liabilities: $2,730,911
Net assets: $430,831
Revenue: $687,190
Expenses: $610,895
Net income: $76,295

	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