Civic Intelligence

Victory Gardens Inc.

990 • Fiscal year 2019 • EIN 52-2366069

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 21, 2020

Organization ProfileN/A
C/O Tcb Inc 185 Dartmouth StreetBoston, MA 02116

(857) 221-8600

Siviq Scores

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

Liabilities / Assets

47th percentile

0.07x

Higher debt load relative to assets than 47% of similar nonprofits.

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

Liabilities / Revenue

79th percentile

0.48x

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

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

Net Margin

10th percentile

-28%

Higher net margin than 10% of similar nonprofits.

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

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

24th percentile

-3.6%

Faster asset growth than 24% of similar nonprofits.

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

Revenue Growth

31st percentile

-3.4%

Faster revenue growth than 31% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$3,480,073

Down $130,645 (-3.6%) from 2018

Net Assets

Down

$3,253,400

Down $131,072 (-3.9%) from 2018

Liabilities

Up

$226,673

Up $427 (+0.2%) from 2018

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin10th percentile

Revenue

Down

$474,512

Down $16,938 (-3.4%) from 2018

Expenses

Down

$605,584

Down $27,007 (-4.3%) from 2018

Net Income

Up

-$131,072

Up $10,069 (+7.1%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,465,836Liabilities 2011: $257,781Net Assets 2011: $4,208,0552011Assets 2012: $4,376,537Liabilities 2012: $300,827Net Assets 2012: $4,075,7102012Assets 2013: $4,239,045Liabilities 2013: $354,966Net Assets 2013: $3,884,0792013Assets 2014: $4,111,657Liabilities 2014: $374,610Net Assets 2014: $3,737,0472014Assets 2015: $3,923,532Liabilities 2015: $320,384Net Assets 2015: $3,603,1482015Assets 2016: $3,821,436Liabilities 2016: $265,772Net Assets 2016: $3,555,6642016Assets 2017: $3,744,517Liabilities 2017: $218,904Net Assets 2017: $3,525,6132017Assets 2018: $3,610,718Liabilities 2018: $226,246Net Assets 2018: $3,384,4722018Assets 2019: $3,480,073Liabilities 2019: $226,673Net Assets 2019: $3,253,4002019Assets 2020: $3,384,405Liabilities 2020: $240,295Net Assets 2020: $3,144,1102020Assets 2021: $3,269,126Liabilities 2021: $104,647Net Assets 2021: $3,164,4792021Assets 2022: $3,175,943Liabilities 2022: $117,541Net Assets 2022: $3,058,4022022Assets 2023: $3,095,938Liabilities 2023: $115,380Net Assets 2023: $2,980,5582023

Highlighted filing

2019

Assets$3,480,073
Liabilities$226,673
Net Assets$3,253,400
Open 2019 Filing

Operations Trend

Revenue Growth31st percentile

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

$1.0M$500K$0-$500KExpenses 2011: $449,5392011Expenses 2012: $484,7762012Expenses 2013: $539,6932013Revenue 2014: $369,371Expenses 2014: $516,403Net Income 2014: -$147,0322014Revenue 2015: $502,874Expenses 2015: $636,773Net Income 2015: -$133,8992015Revenue 2016: $502,953Expenses 2016: $550,437Net Income 2016: -$47,4842016Revenue 2017: $499,089Expenses 2017: $529,140Net Income 2017: -$30,0512017Revenue 2018: $491,450Expenses 2018: $632,591Net Income 2018: -$141,1412018Revenue 2019: $474,512Expenses 2019: $605,584Net Income 2019: -$131,0722019Revenue 2020: $508,327Expenses 2020: $617,617Net Income 2020: -$109,2902020Revenue 2021: $568,765Expenses 2021: $548,396Net Income 2021: $20,3692021Revenue 2022: $578,025Expenses 2022: $684,102Net Income 2022: -$106,0772022Revenue 2023: $580,444Expenses 2023: $658,288Net Income 2023: -$77,8442023

Highlighted filing

2019

Revenue$474,512
Expenses$605,584
Net Income-$131,072
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 21, 2020
Return Version
2018v3.1
Gross Receipts
$474,512
Mission and Program Overview

Mission

To provide low income elderly persons with affordable housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,463,948$3,331,738▼ $132,210
Savings and Temporary Cash Investments$105,652--
Cash and Non-Interest-Bearing Accounts$16,020$32,730▲ $16,710
Accounts Receivable$24,624$3,408▼ $21,216
Prepaid Expenses and Deferred Charges$474$447▼ $27
Total Assets$3,610,718$3,480,073▼ $130,645
Other Assets Total$0$111,750▲ $111,750
Liabilities
Accounts Payable and Accrued Expenses$171,332$171,522▲ $190
Other Liabilities$53,903$0▼ $53,903
Unsecured Notes Loans Payable-$40,772-
Escrow Account Liability-$12,977-
Deferred Revenue$1,011$1,402▲ $391
Total Liabilities$226,246$226,673▲ $427
Net Assets / Fund Balance
Unrestricted Net Assets$3,384,472$3,253,400▼ $131,072
Total Net Assets Fund Balance$3,384,472$3,253,400▼ $131,072
Total Liabilities and Net Assets / Fund Balance$3,610,718$3,480,073▼ $130,645

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,290,738$1,746,482$5,037,220
Other Land Buildings$0$146,340$146,340
Land$41,000-$41,000
Equipment$0$3,705$3,705
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Susan MccannPresident
Althea MarshallDirector
Andrea Nicole BakerDirector
John RowlandDirector
Michael SkrebutenasDirector
Peggy HamiltonDirector
Beverly BatesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$286,437
Program Service Revenue
$184,749
Investment Income
$226
Other Revenue
$3,100
Change in Net Assets
$-131,072

Audited Revenue Reconciliation

Revenue per Audited Statements
$474,512
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$15,600
Total Revenue per Audited Statements
$490,112
Total Revenue per Form 990
$474,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$605,584
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$263,117--$263,117
Fees for Services Other$132,465--$132,465
Depreciation Depletion$132,210--$132,210
Fees for Services Management$400$20,160-$20,560
Office Expenses$20,224--$20,224
Other Expenses$19,451--$19,451
Fees for Services Accounting-$15,865-$15,865
Conferences and Meetings$1,200--$1,200
Interest$385--$385
Fees for Services Legal$107--$107
Total Functional Expenses$569,559$36,025$0$605,584

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$621,184
Expenses per Audited Statements$605,584
Total Expenses per Form 990$605,584
Expenses Not Reported on Form 990$15,600
Expenses Not Reported on Financial Statements$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Tcb serves as the management agent for the project. The management fee is calculated as $40 per unit per month. The management agreement is in effect until canceled by hud, the corporation or the management agent. During the year ended june 30, 2019, management fees of $20,160 were incurred.”

Form 990, Part VI, Section B, Line 11B

“An officer of the management company reviews the return prior to filing.”

Form 990, Part VI, Section C, Line 19

“The organization makes all of its governing documents, audited financial statements, and form 990s available upon request.”

Filing and Contact Details

Filer

Filer Name
Victory Gardens Inc
EIN
52-2366069
Phone
8572218600
Address
C/O TCB INC 185 DARTMOUTH STREET, BOSTON, MA 02116

Signing Officer

Name
Beverly Bates
Title
Treasurer
Phone
8572218600
Signed
2020-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Mccann
Formed
2002
Legal Domicile
Ct
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Kevin P Martin & Associates Pc
Address
10 FORBES WEST, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Management services: program service expenses 132,465. Management and general expenses 0. Fundraising expenses 0. Total expenses 132,465.”

Financial Statement Notes

PART IV, LINE 2B:

“The corporation has a policy to collect security deposits of up to one month's rent from tenants. The security deposits can be used to pay for damages caused by the tenant or used against unpaid receivables.”

Raw XML AppendixShowing 400 of 423 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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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt048
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0415
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03100
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03100
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IRS990ScheduleA/PublicSupportCY509Pct00.99860
IRS990ScheduleA/PublicSupportPY509Pct00.99990
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0491382
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0499053
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0502905
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0502827
IRS990ScheduleA/Total509Grp/TotalAmt02467353
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0474512
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0491440
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0499089
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0502953
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0502874
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02470868
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03290738
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01746482
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05037220
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt015600
IRS990ScheduleD/DonatedServicesUseFcltsAmt015600
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03705
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03705
IRS990ScheduleD/ExpensesNotReportedAmt015600
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0605584
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt041000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt041000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0146340
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0146340
IRS990ScheduleD/RevenueNotReportedAmt015600
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0474512
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS A POLICY TO COLLECT SECURITY DEPOSITS OF UP TO ONE MONTH'S RENT FROM TENANTS. THE SECURITY DEPOSITS CAN BE USED TO PAY FOR DAMAGES CAUSED BY THE TENANT OR USED AGAINST UNPAID RECEIVABLES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
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IRS990ScheduleD/TotalExpensesPerForm990Amt0605584
IRS990ScheduleD/TotalRevenuePerForm990Amt0474512
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0490112
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0621184
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TCB SERVES AS THE MANAGEMENT AGENT FOR THE PROJECT. THE MANAGEMENT FEE IS CALCULATED AS $40 PER UNIT PER MONTH. THE MANAGEMENT AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION OR THE MANAGEMENT AGENT. DURING THE YEAR ENDED JUNE 30, 2019, MANAGEMENT FEES OF $20,160 WERE INCURRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN OFFICER OF THE MANAGEMENT COMPANY REVIEWS THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ALL OF ITS GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND FORM 990S AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 132,465. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,465.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt03610718
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036025
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0569559
IRS990/TotalFunctionalExpensesGrp/TotalAmt0605584
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0226246
IRS990/TotalLiabilitiesEOYAmt0226673
IRS990/TotalLiabilitiesGrp/BOYAmt0226246
IRS990/TotalLiabilitiesGrp/EOYAmt0226673
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalVolunteersCnt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt040772
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0BOSTON
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IRS990/USAddress/ZIPCd002116
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BEVERLY BATES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08572218600
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VICTORY GARDENS INC
ReturnHeader/Filer/BusinessNameControlTxt0VICT
ReturnHeader/Filer/EIN0522366069
ReturnHeader/Filer/PhoneNum08572218600
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O TCB INC 185 DARTMOUTH STREET
ReturnHeader/Filer/USAddress/CityNm0BOSTON

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,480,073
Liabilities
$226,673
Net assets
$3,253,400
Revenue
$474,512
Expenses
$605,584
Net income
-$131,072
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$3.10$0.12$2.98$0.58$0.66$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$0.12$3.06$0.58$0.68$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$0.10$3.16$0.57$0.55$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.38$0.24$3.14$0.51$0.62$0.11
2019Detailed filing. Detailed filing data is available for this year.$3.48$0.23$3.25$0.47$0.61$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.61$0.23$3.38$0.49$0.63$0.14
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.74$0.22$3.53$0.50$0.53$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.82$0.27$3.56$0.50$0.55$0.05
2015Detailed filing. Detailed filing data is available for this year.$3.92$0.32$3.60$0.50$0.64$0.13
2014Detailed filing. Detailed filing data is available for this year.$4.11$0.37$3.74$0.37$0.52$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.24$0.35$3.88$0.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.38$0.30$4.08$0.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.47$0.26$4.21$0.45