Civic Intelligence

Victory Housing Inc.

990 • Fiscal year 2018 • EIN 52-1261881

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 07, 2019

Organization ProfileWWW.VICTORYHOUSING.ORG
11400 Rockville Pike Suite 505Rockville, MD 20852

(301) 493-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.28x

Higher debt load relative to assets than 56% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

1.00x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

90th percentile

47%

Higher net margin than 90% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

64th percentile

$220,496

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

86th percentile

21%

Faster asset growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

93rd percentile

90%

Faster revenue growth than 93% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$21,617,513

Up $3,804,404 (+21%) from 2017

Net Assets

Up

$15,614,249

Up $3,081,919 (+25%) from 2017

Liabilities

Up

$6,003,264

Up $722,485 (+14%) from 2017

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin90th percentile

Revenue

Up

$6,033,082

Up $2,863,794 (+90%) from 2017

Expenses

Up

$3,207,129

Up $1,109,621 (+53%) from 2017

Net Income

Up

$2,825,953

Up $1,754,173 (+164%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$80M$60M$40M$20M$0Assets 2011: $14,481,956Liabilities 2011: $2,937,369Net Assets 2011: $11,544,5872011Assets 2012: $14,156,715Liabilities 2012: $2,731,749Net Assets 2012: $11,424,9662012Assets 2013: $8,451,053Liabilities 2013: $3,251,783Net Assets 2013: $5,199,2702013Assets 2014: $11,451,261Liabilities 2014: $3,153,985Net Assets 2014: $8,297,2762014Assets 2015: $14,279,691Liabilities 2015: $3,082,752Net Assets 2015: $11,196,9392015Assets 2016: $14,381,703Liabilities 2016: $3,313,904Net Assets 2016: $11,067,7992016Assets 2017: $17,813,109Liabilities 2017: $5,280,779Net Assets 2017: $12,532,3302017Assets 2018: $21,617,513Liabilities 2018: $6,003,264Net Assets 2018: $15,614,2492018Assets 2019: $22,798,578Liabilities 2019: $6,182,868Net Assets 2019: $16,615,7102019Assets 2020: $27,741,365Liabilities 2020: $7,267,104Net Assets 2020: $20,474,2612020Assets 2021: $39,333,544Liabilities 2021: $10,328,683Net Assets 2021: $29,004,8612021Assets 2022: $43,875,072Liabilities 2022: $12,670,617Net Assets 2022: $31,204,4552022Assets 2023: $44,020,785Liabilities 2023: $14,042,700Net Assets 2023: $29,978,0852023Assets 2024: $67,256,334Liabilities 2024: $39,587,650Net Assets 2024: $27,668,6842024

Highlighted filing

2018

Assets$21,617,513
Liabilities$6,003,264
Net Assets$15,614,249
Open 2018 Filing

Operations Trend

Revenue Growth93rd percentile

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

$10M$5.0M$0-$5.0M-$10MRevenue 2011: $2,480,817Expenses 2011: $2,214,071Net Income 2011: $266,7462011Revenue 2012: $2,520,360Expenses 2012: $2,702,479Net Income 2012: -$182,1192012Revenue 2013: $1,939,750Expenses 2013: $8,130,267Net Income 2013: -$6,190,5172013Revenue 2014: $4,252,152Expenses 2014: $1,899,584Net Income 2014: $2,352,5682014Revenue 2015: $3,550,484Expenses 2015: $1,946,478Net Income 2015: $1,604,0062015Revenue 2016: $1,868,033Expenses 2016: $1,954,165Net Income 2016: -$86,1322016Revenue 2017: $3,169,288Expenses 2017: $2,097,508Net Income 2017: $1,071,7802017Revenue 2018: $6,033,082Expenses 2018: $3,207,129Net Income 2018: $2,825,9532018Revenue 2019: $3,699,145Expenses 2019: $2,554,853Net Income 2019: $1,144,2922019Revenue 2020: $6,645,621Expenses 2020: $2,728,761Net Income 2020: $3,916,8602020Revenue 2021: $5,434,326Expenses 2021: $3,429,493Net Income 2021: $2,004,8332021Revenue 2022: $9,895,856Expenses 2022: $6,241,056Net Income 2022: $3,654,8002022Revenue 2023: $3,710,507Expenses 2023: $5,631,821Net Income 2023: -$1,921,3142023Revenue 2024: $9,930,815Expenses 2024: $9,202,195Net Income 2024: $728,6202024

Highlighted filing

2018

Revenue$6,033,082
Expenses$3,207,129
Net Income$2,825,953
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 7, 2019
Return Version
2017v2.3
Gross Receipts
$6,033,082
Mission and Program Overview

Mission

To provide affordable housing and related services to low- and moderate-income senior citizens and families.

To provide affordable housing and related services to low/moderate-income seniors and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,351,605$5,780,078▲ $428,473
Other Notes and Loans Receivable, Net$3,276,186$5,620,486▲ $2,344,300
Savings and Temporary Cash Investments$4,222,231$3,193,071▼ $1,029,160
Land, Buildings, and Equipment, Net$1,262,426$1,273,389▲ $10,963
Investments Program Related$370,293$286,449▼ $83,844
Pledges and Grants Receivable$16,627$55,990▲ $39,363
Accounts Receivable$38,716$38,656▼ $60
Prepaid Expenses and Deferred Charges$5,683$7,521▲ $1,838
Total Assets$17,813,109$21,617,513▲ $3,804,404
Other Assets Total$3,269,342$5,361,873▲ $2,092,531
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,723,897$3,323,024▲ $599,127
Other Liabilities$614,797$2,564,929▲ $1,950,132
Accounts Payable and Accrued Expenses$104,210$102,049▼ $2,161
Deferred Revenue$1,837,875$13,262▼ $1,824,613
Total Liabilities$5,280,779$6,003,264▲ $722,485
Net Assets / Fund Balance
Unrestricted Net Assets$12,532,330$15,489,249▲ $2,956,919
Temporarily Rstr Net Assets-$125,000-
Total Net Assets Fund Balance$12,532,330$15,614,249▲ $3,081,919
Total Liabilities and Net Assets / Fund Balance$17,813,109$21,617,513▲ $3,804,404

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,260,000-$1,260,000
Equipment$238$96,954$97,192
Other Land Buildings$13,151$64,498$77,649
Leasehold Improvements$0$4,760$4,760
Other Assets Org$1,768,222--
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Leila a FinucaneCEO/presidentPT$220,496$220,496
John D SpencerSecretaryPT$213,091$213,091
Michelle M Limeres VergneVP Accounting and Admn ServicesPT$176,032$176,032
Jeffrey BlackwellAssistant SecretaryPT$165,116$165,116
David M JohnsonDirector of Marketing and MgmtPT$123,144$123,144

Board Members and Trustees

NameTitle
Paul E Johnson JrChairman
Donald C TomassoDirector
Eric SimontisDirector
Jane Golden BelfordDirector
Jay PopeDirector
Julie SmithDirector
Patrick DunneDirector
Phillip J DowneyDirector
Rev Michael SalahDirector
Rev Msgr Donald EssexDirector
Sharon Wilson GenoDirector
Rev Msgr Ralph J KuehnerDirector - Deceased 10/17
Kathleen McwilliamsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Wiencek Assoc Architects & PlannersArchitectural1100 VERMONT AVENUE NW SUITE 800, Washington, DC 20005$1,182,815
Grimm & Parker ArchitectsArchitectural11720 BELTSVILLE DRIVE SUITE 600, Calverton, MD 20705$297,234
Soltesz INCEngineering2 RESEARCH PLACE SUITE 100, Rockville, MD 20850$125,339
Revenue and Support

Revenue Composition

Contributions and Grants
$2,965,195
Program Service Revenue
$2,789,560
Investment Income
$278,327
Other Revenue
$0
All Other Contributions
$171,312
Change in Net Assets
$2,825,953

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,879,355
Revenue Not Reported on Financial Statements
$153,727
Revenue Not Reported on Form 990
$284,694
Other Revenue Adjustments
$153,727
Total Revenue per Audited Statements
$6,164,049
Total Revenue per Form 990
$6,033,082
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,640,627
Salaries, Compensation, and Employee Benefits$1,566,502
Total Fundraising Expense$18,130
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$897,879--$897,879
Other Salaries and Wages$213,263$196,146$4,779$414,188
Pension Plan Contributions$81,513$34,406-$115,919
Occupancy$85,084$28,361-$113,445
Payroll Taxes$66,341$7,795$152$74,288
Other Employee Benefits$62,520$1,708-$64,228
Fees for Services Management$44,604$11,553-$56,157
Information Technology$29,892$17,068-$46,960
Office Expenses$27,725$17,593-$45,318
Conferences and Meetings$17,441$16,160-$33,601
Fees for Services Accounting$19,650$8,695-$28,345
Interest$26,909--$26,909
All Other Expenses$7,386$8,620-$16,006
Insurance$6,909$7,487-$14,396
Advertising$216$650$13,199$14,065
Other Expenses$5,638$2,986-$8,624
Depreciation Depletion$927$1,261-$2,188
Fees for Services Legal-$1,325-$1,325
Total Functional Expenses$2,822,043$366,956$18,130$3,207,129

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,207,129
Total Expenses per Audited Statements$3,207,129
Total Expenses per Form 990$3,207,129
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Grant Income$1,500,000
Deferred Development Fees$1,017,000
Deferred Rent$39,179
Miscellaneous Current Liabilities$8,750
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Section B, Line 11B

“The audit committee reviews the 990 before it is sent out to the full board and then the full board reviews the 990.”

Form 990, Part VI, Section B, Line 12C

“Annual financial audit by outside firm; quarterly board meetings discuss all transactions.”

Form 990, Part VI, Section B, Line 15

“For all employees over $115,000, we must check salary comparative information. This is done by using guidestar or peer organizations. The information is given to the president and shared with the audit committee. The audit committee reviews and approves all compensation for employees over $115,000.”

Form 990, Part VI, Section C, Line 19

“These documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Victory Housing Inc
EIN
52-1261881
Phone
3014936000
Address
11400 ROCKVILLE PIKE SUITE 505, ROCKVILLE, MD 20852

Signing Officer

Name
Leila a Finucane
Title
CEO/president
Phone
3014936000
Signed
2019-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leila a Finucane
Formed
1979
Legal Domicile
Md
Voting Board Members
13
Independent Board Members
13
Employees
21
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
7501 WISCONSIN AVENUE SUITE 400E, BETHESDA, MD 20814
Preparer
Ed Ryan CPA
Phone
3016529100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Educ/dues: program service expenses 4,846. Management and general expenses 2,654. Fundraising expenses 0. Total expenses 7,500. Contribution: program service expenses 2,500. Management and general expenses 2,250. Fundraising expenses 0. Total expenses 4,750. Misc tax/lic/permits: program service expenses 40. Management and general expenses 3,613. Fundraising expenses 0. Total expenses 3,653. Repair/maint: program service expenses 0. Management and general expenses 103. Fundraising expenses 0. Total expenses 103.”

FORM 990, PART XI, LINE 9:

“Flow through income from investment in affiliates 57,231. Flow through income from investment in affiliates -210,959. Temporarily restricted net assets -entity not pis 125,000.”

Financial Statement Notes

PART X, LINE 2:

“Victory has applied for and received an exception from the internal revenue service ("irs") to be treated as a tax exempt entity pursuant to section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the years ended june 30, 2018 and 2017. Due to its tax exempt status, victory is not subject to income taxes. Victory is required to file and does file tax returns with the irs and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and victory has no other tax positions which must be considered for disclosure. Income tax returns filed by victory are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2014 remain open.”

Schedule D/part XI/line 4B-revenue on Tax Return Not Books

“Flow through income from investments in affiliates $ 57,231 flow through income from investments in affiliates $ (210,959) net assets released from restricti0n $ 0 --------------------------------------------------------------------- total $ (153,727)”

Raw XML AppendixShowing 400 of 1,291 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.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/PersonNm0KATHLEEN MCWILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm1REV MSGR DONALD ESSEX
IRS990/Form990PartVIISectionAGrp/PersonNm2REV MSGR RALPH J KUEHNER
IRS990/Form990PartVIISectionAGrp/PersonNm3JAY POPE
IRS990/Form990PartVIISectionAGrp/PersonNm4PATRICK DUNNE
IRS990/Form990PartVIISectionAGrp/PersonNm5SHARON WILSON GENO
IRS990/Form990PartVIISectionAGrp/PersonNm6REV MICHAEL SALAH
IRS990/Form990PartVIISectionAGrp/PersonNm7PHILLIP J DOWNEY
IRS990/Form990PartVIISectionAGrp/PersonNm8JULIE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm9JANE GOLDEN BELFORD
IRS990/Form990PartVIISectionAGrp/PersonNm10ERIC SIMONTIS
IRS990/Form990PartVIISectionAGrp/PersonNm11DONALD C TOMASSO
IRS990/Form990PartVIISectionAGrp/PersonNm12PAUL E JOHNSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm13JOHN D SPENCER
IRS990/Form990PartVIISectionAGrp/PersonNm14LEILA A FINUCANE
IRS990/Form990PartVIISectionAGrp/PersonNm15JEFFREY BLACKWELL
IRS990/Form990PartVIISectionAGrp/PersonNm16MICHELLE M LIMERES VERGNE
IRS990/Form990PartVIISectionAGrp/PersonNm17DAVID M JOHNSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13213091
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14220496
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15165116
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16176032
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17123144
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR - DECEASED 10/17
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14CEO/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP ACCOUNTING AND ADMN SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF MARKETING AND MGMT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt09320
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt01825000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt09320
IRS990/GrossReceiptsAmt06033082
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt017068
IRS990/InformationTechnologyGrp/ProgramServicesAmt029892
IRS990/InformationTechnologyGrp/TotalAmt046960
IRS990/InsuranceGrp/ManagementAndGeneralAmt07487
IRS990/InsuranceGrp/ProgramServicesAmt06909
IRS990/InsuranceGrp/TotalAmt014396
IRS990/InterestGrp/ProgramServicesAmt026909
IRS990/InterestGrp/TotalAmt026909
IRS990/InvestmentIncomeGrp/ExclusionAmt0269007
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0269007
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0370293
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0286449
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05351605
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05780078
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0166212
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01262426
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01273389
IRS990/LandBldgEquipCostOrOtherBssAmt01439601
IRS990/LegalDomicileStateCd0MD
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES TO LOW- AND MODERATE-INCOME SENIOR CITIZENS AND FAMILIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02723897
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03323024
IRS990/NetAssetsOrFundBalancesBOYAmt012532330
IRS990/NetAssetsOrFundBalancesEOYAmt015614249
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt09320
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt09320
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0284694
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt028361
IRS990/OccupancyGrp/ProgramServicesAmt085084
IRS990/OccupancyGrp/TotalAmt0113445
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017593
IRS990/OfficeExpensesGrp/ProgramServicesAmt027725
IRS990/OfficeExpensesGrp/TotalAmt045318
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03269342
IRS990/OtherAssetsTotalGrp/EOYAmt05361873
IRS990/OtherChangesInNetAssetsAmt0-28728
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01708
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt062520
IRS990/OtherEmployeeBenefitsGrp/TotalAmt064228
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1MISC FIN EXP
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3AUTO/LEASE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05142
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12986
IRS990/OtherExpensesGrp/ProgramServicesAmt01184580
IRS990/OtherExpensesGrp/ProgramServicesAmt137218
IRS990/OtherExpensesGrp/ProgramServicesAmt26348
IRS990/OtherExpensesGrp/ProgramServicesAmt35638
IRS990/OtherExpensesGrp/TotalAmt01184580
IRS990/OtherExpensesGrp/TotalAmt137218
IRS990/OtherExpensesGrp/TotalAmt211490
IRS990/OtherExpensesGrp/TotalAmt38624
IRS990/OtherLiabilitiesGrp/BOYAmt0614797
IRS990/OtherLiabilitiesGrp/EOYAmt02564929
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04779
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0196146
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0213263
IRS990/OtherSalariesAndWagesGrp/TotalAmt0414188
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03276186
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05620486
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0152
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07795
IRS990/PayrollTaxesGrp/ProgramServicesAmt066341
IRS990/PayrollTaxesGrp/TotalAmt074288
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt034406
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt081513
IRS990/PensionPlanContributionsGrp/TotalAmt0115919
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt016627
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt055990
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05683
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07521
IRS990/PrincipalOfficerNm0LEILA A FINUCANE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0AFFORDABLE HOUSING
IRS990/ProgramServiceRevenueGrp/Desc1FINANCIAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2CORPORATE SERVICE FEE
IRS990/ProgramServiceRevenueGrp/Desc3MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0162696
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02445939
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1117048
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt263877
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02445939
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1162696
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2117048
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt363877
IRS990/ProgSrvcAccomActy2Grp/Desc0AFFORDABLE HOUSING PROJECT DEVELOPMENT
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02047151
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01475000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0678534
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0181059
IRS990/PYOtherExpensesAmt0512989
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02309695
IRS990/PYRevenuesLessExpensesAmt01071780
IRS990/PYSalariesCompEmpBnftPaidAmt01584519
IRS990/PYTotalExpensesAmt02097508
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03169288
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02825953
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,617,513
Liabilities
$6,003,264
Net assets
$15,614,249
Revenue
$6,033,082
Expenses
$3,207,129
Net income
$2,825,953
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.3$39.6$27.7$9.93$9.20$0.73
2023Summary only. Only limited summary data is available for this year.$44.0$14.0$30.0$3.71$5.63$1.92
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.9$12.7$31.2$9.90$6.24$3.65
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.3$10.3$29.0$5.43$3.43$2.00
2020Summary only. Only limited summary data is available for this year.$27.7$7.27$20.5$6.65$2.73$3.92
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.8$6.18$16.6$3.70$2.55$1.14
2018Detailed filing. Detailed filing data is available for this year.$21.6$6.00$15.6$6.03$3.21$2.83
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.8$5.28$12.5$3.17$2.10$1.07
2016Detailed filing. Detailed filing data is available for this year.$14.4$3.31$11.1$1.87$1.95$0.09
2015Detailed filing. Detailed filing data is available for this year.$14.3$3.08$11.2$3.55$1.95$1.60
2014Detailed filing. Detailed filing data is available for this year.$11.5$3.15$8.30$4.25$1.90$2.35
2013Summary only. Only limited summary data is available for this year.$8.45$3.25$5.20$1.94$8.13$6.19
2012Summary only. Only limited summary data is available for this year.$14.2$2.73$11.4$2.52$2.70$0.18
2011Summary only. Only limited summary data is available for this year.$14.5$2.94$11.5$2.48$2.21$0.27