Civic Intelligence

Victory Lakeside Inc

990 • Fiscal year 2020 • EIN 46-2901904

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 09, 2021

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

90th percentile

0.85x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

3.95x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

41st percentile

1.5%

Higher net margin than 41% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

95th percentile

$341,234

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 52.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

17th percentile

-4.0%

Faster asset growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

40th percentile

-4.4%

Faster revenue growth than 40% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$3,035,894

Down $125,848 (-4.0%) from 2019

Net Assets

Up

$440,434

Up $9,603 (+2.2%) from 2019

Liabilities

Down

$2,595,460

Down $135,451 (-5.0%) from 2019

Revenue

Down

$656,773

Down $30,417 (-4.4%) from 2019

Expenses

Up

$647,170

Up $36,275 (+5.9%) from 2019

Net Income

Down

$9,603

Down $66,692 (-87%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $3,499,451Liabilities 2013: $3,475,497Net Assets 2013: $23,9542013Assets 2014: $3,477,128Liabilities 2014: $3,421,846Net Assets 2014: $55,2822014Assets 2015: $3,464,268Liabilities 2015: $3,334,171Net Assets 2015: $130,0972015Assets 2016: $3,376,129Liabilities 2016: $3,191,345Net Assets 2016: $184,7842016Assets 2017: $3,310,731Liabilities 2017: $3,044,420Net Assets 2017: $266,3112017Assets 2018: $3,249,697Liabilities 2018: $2,895,161Net Assets 2018: $354,5362018Assets 2019: $3,161,742Liabilities 2019: $2,730,911Net Assets 2019: $430,8312019Assets 2020: $3,035,894Liabilities 2020: $2,595,460Net Assets 2020: $440,4342020Assets 2021: $3,040,906Liabilities 2021: $2,512,021Net Assets 2021: $528,8852021Assets 2022: $3,042,781Liabilities 2022: $2,415,733Net Assets 2022: $627,0482022Assets 2023: $3,306,146Liabilities 2023: $2,795,624Net Assets 2023: $510,5222023Assets 2024: $3,313,179Liabilities 2024: $2,800,226Net Assets 2024: $512,9532024

Highlighted filing

2020

Assets$3,035,894
Liabilities$2,595,460
Net Assets$440,434

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $228,160Expenses 2013: $204,206Net Income 2013: $23,9542013Revenue 2014: $555,570Expenses 2014: $524,242Net Income 2014: $31,3282014Revenue 2015: $572,420Expenses 2015: $497,605Net Income 2015: $74,8152015Revenue 2016: $583,848Expenses 2016: $529,161Net Income 2016: $54,6872016Revenue 2017: $698,951Expenses 2017: $617,424Net Income 2017: $81,5272017Revenue 2018: $613,250Expenses 2018: $525,025Net Income 2018: $88,2252018Revenue 2019: $687,190Expenses 2019: $610,895Net Income 2019: $76,2952019Revenue 2020: $656,773Expenses 2020: $647,170Net Income 2020: $9,6032020Revenue 2021: $726,490Expenses 2021: $638,039Net Income 2021: $88,4512021Revenue 2022: $733,709Expenses 2022: $633,196Net Income 2022: $100,5132022Revenue 2023: $693,171Expenses 2023: $809,697Net Income 2023: -$116,5262023Revenue 2024: $734,594Expenses 2024: $683,210Net Income 2024: $51,3842024

Highlighted filing

2020

Revenue$656,773
Expenses$647,170
Net Income$9,603
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 9, 2021
Return Version
2020v4.0
Gross Receipts
$656,773
Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,929,368$2,872,794▼ $56,574
Cash and Non-Interest-Bearing Accounts$59,018$33,240▼ $25,778
Prepaid Expenses and Deferred Charges$26,718$26,168▼ $550
Accounts Receivable$5,758$5,281▼ $477
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$3,161,742$3,035,894▼ $125,848
Other Assets Total$140,880$98,411▼ $42,469
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,638,855$2,494,264▼ $144,591
Other Liabilities$74,120$78,778▲ $4,658
Accounts Payable and Accrued Expenses$10,110$16,110▲ $6,000
Deferred Revenue$7,826$6,308▼ $1,518
Total Liabilities$2,730,911$2,595,460▼ $135,451
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$430,831$440,434▲ $9,603
Total Net Assets Fund Balance$430,831$440,434▲ $9,603
Total Liabilities and Net Assets / Fund Balance$3,161,742$3,035,894▼ $125,848

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,841,000$419,053$2,260,053
Land$990,000-$990,000
Leasehold Improvements$37,508$60,293$97,801
Other Land Buildings-$27,974$27,974
Equipment$4,286$4,470$8,756
Compensation and Service Providers

Board Members and Trustees

NameTitle
Julie SmithChairman
Leila a FinucanePresident & CEO
John D SpencerVice President
Eric SimontisDirector
Rev Daniel B CarsonDirector
Jeffrey BlackwellAsst Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$656,761
Investment Income
$12
Other Revenue
$0
Change in Net Assets
$9,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$574,395
Salaries, Compensation, and Employee Benefits$72,775
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$136,504--$136,504
Depreciation Depletion$71,872--$71,872
Other Salaries and Wages$43,426--$43,426
All Other Expenses$34,330--$34,330
Other Employee Benefits$29,349--$29,349
Fees for Services Management-$27,664-$27,664
Other Expenses$23,052--$23,052
Insurance$5,000--$5,000
Office Expenses$4,079--$4,079
Fees for Services Legal$2,615--$2,615
Advertising$1,504--$1,504
Travel$199--$199
Total Functional Expenses$619,506$27,664$0$647,170
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
Due to Victory Housing (equity)$57,508
Resident Security Deposits$24,594
Victory Housing Accrued Interest$10,856
Rounding$1
Intangibles -- Net$-14,181
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
2021-03-09

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/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt037
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt033
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt026
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt025
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0133
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0614903
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0614081
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0607951
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0592902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0582679
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03012516
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt037
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt033
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0133
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt041858
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt073072
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05266
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0106023
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0226219
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93010
IRS990ScheduleA/PublicSupportTotal509Amt03012516
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0614903
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0614081
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0607951
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0592902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0582679
IRS990ScheduleA/Total509Grp/TotalAmt03012516
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0656773
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0687190
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0613250
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0698951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0582704
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03238868
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01841000
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0419053
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02260053
IRS990ScheduleD/EquipmentGrp/BookValueAmt04286
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04470
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08756
IRS990ScheduleD/LandGrp/BookValueAmt0990000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0990000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt037508
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt060293
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt097801
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt027974
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt027974
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt057508
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-14181
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt224594
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt410856
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO VICTORY HOUSING (EQUITY)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTANGIBLES -- NET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4VICTORY HOUSING ACCRUED INTEREST
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02872794
IRS990ScheduleD/TotalLiabilityAmt078778
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0179363
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1220558
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2319350
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt023332
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt136194
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt221884
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/TotalCompensationRltdOrgsAmt0202695
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1256752
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2341234
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0VICTORY ENTR
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1VICTORY HSG
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2VICTORY HSG
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt3VICTORY HSG
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt4VICTORY HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt5VICTORY HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt6VICTORY HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt7VICTORY HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0PARKFAIR ASSOCIATES LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1VICTORY ENTERPRISES INC

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