Civic Intelligence

Raphael Inc.

990 • Fiscal year 2024 • EIN 54-1592075

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 15, 2025

6001 Executive Blvd Suite 30Rockville, MD 20852

(301) 493-6000

Siviq Scores

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

Liabilities / Assets

81st percentile

0.42x

Higher debt load relative to assets than 81% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.34x

Higher debt load relative to revenue than 76% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

27th percentile

-5.6%

Higher net margin than 27% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2024

Asset Growth

31st percentile

-1.3%

Faster asset growth than 31% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

54th percentile

10%

Faster revenue growth than 54% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Down

$2,089,559

Down $87,867 (-4.0%) from 2023

Net Assets

Down

$1,213,804

Down $142,929 (-11%) from 2023

Liabilities

Up

$875,755

Up $55,062 (+6.7%) from 2023

Revenue

Up

$2,567,482

Up $1,326,999 (+107%) from 2023

Expenses

Up

$2,710,411

Up $1,520,727 (+128%) from 2023

Net Income

Down

-$142,929

Down $193,728 (-381%) from 2023

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,407,819Liabilities 2011: $1,143,115Net Assets 2011: $1,264,7042011Assets 2012: $2,738,971Liabilities 2012: $1,367,274Net Assets 2012: $1,371,6972012Assets 2013: $2,681,953Liabilities 2013: $1,278,818Net Assets 2013: $1,403,1352013Assets 2014: $2,561,153Liabilities 2014: $1,181,445Net Assets 2014: $1,379,7082014Assets 2015: $2,546,701Liabilities 2015: $1,066,962Net Assets 2015: $1,479,7392015Assets 2016: $2,405,882Liabilities 2016: $964,632Net Assets 2016: $1,441,2502016Assets 2017: $2,398,871Liabilities 2017: $884,786Net Assets 2017: $1,514,0852017Assets 2018: $2,398,226Liabilities 2018: $861,710Net Assets 2018: $1,536,5162018Assets 2019: $2,620,925Liabilities 2019: $873,447Net Assets 2019: $1,747,4782019Assets 2020: $2,634,640Liabilities 2020: $1,019,960Net Assets 2020: $1,614,6802020Assets 2021: $2,262,541Liabilities 2021: $761,345Net Assets 2021: $1,501,1962021Assets 2022: $2,145,395Liabilities 2022: $782,652Net Assets 2022: $1,362,7432022Assets 2023: $2,177,426Liabilities 2023: $820,693Net Assets 2023: $1,356,7332023Assets 2024: $2,089,559Liabilities 2024: $875,755Net Assets 2024: $1,213,8042024

Highlighted filing

2024

Assets$2,089,559
Liabilities$875,755
Net Assets$1,213,804

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,253,857Expenses 2011: $1,187,469Net Income 2011: $66,3882011Revenue 2012: $1,346,863Expenses 2012: $1,239,870Net Income 2012: $106,9932012Revenue 2013: $1,398,080Expenses 2013: $1,366,642Net Income 2013: $31,4382013Revenue 2014: $1,471,721Expenses 2014: $1,495,148Net Income 2014: -$23,4272014Revenue 2015: $1,519,487Expenses 2015: $1,419,456Net Income 2015: $100,0312015Revenue 2016: $1,465,003Expenses 2016: $1,503,492Net Income 2016: -$38,4892016Revenue 2017: $1,519,413Expenses 2017: $1,446,578Net Income 2017: $72,8352017Revenue 2018: $1,661,672Expenses 2018: $1,639,241Net Income 2018: $22,4312018Revenue 2019: $1,907,975Expenses 2019: $1,697,013Net Income 2019: $210,9622019Revenue 2020: $1,883,350Expenses 2020: $2,016,148Net Income 2020: -$132,7982020Revenue 2021: $2,076,991Expenses 2021: $2,190,475Net Income 2021: -$113,4842021Revenue 2022: $2,103,808Expenses 2022: $2,242,261Net Income 2022: -$138,4532022Revenue 2023: $1,240,483Expenses 2023: $1,189,684Net Income 2023: $50,7992023Revenue 2024: $2,567,482Expenses 2024: $2,710,411Net Income 2024: -$142,9292024

Highlighted filing

2024

Revenue$2,567,482
Expenses$2,710,411
Net Income-$142,929
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.2
Gross Receipts
$2,589,934
Mission and Program Overview

Mission

Assisted living residence for low- and moderate-income frail elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,615,258$1,504,644▼ $110,614
Cash and Non-Interest-Bearing Accounts$268,358$291,414▲ $23,056
Savings and Temporary Cash Investments$46,011$0▼ $46,011
Accounts Receivable$35,358$40,818▲ $5,460
Intangible Assets$12,320$8,898▼ $3,422
Prepaid Expenses and Deferred Charges$1,734$531▼ $1,203
Total Assets$2,177,426$2,089,559▼ $87,867
Other Assets Total$198,387$243,254▲ $44,867
Liabilities
Mortgage Notes Payable Secured by Investment Property$361,068$346,522▼ $14,546
Escrow Account Liability$192,202$220,640▲ $28,438
Accounts Payable and Accrued Expenses$257,769$173,965▼ $83,804
Other Liabilities$0$106,908▲ $106,908
Deferred Revenue$9,654$27,720▲ $18,066
Total Liabilities$820,693$875,755▲ $55,062
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,356,733$1,213,804▼ $142,929
Total Net Assets Fund Balance$1,356,733$1,213,804▼ $142,929
Total Liabilities and Net Assets / Fund Balance$2,177,426$2,089,559▼ $87,867

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$743,685$1,891,965$2,635,650
Equipment$211,959$569,610$781,569
Land$549,000-$549,000
Other Assets Org$23,943--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Leila a FinucanePresident & CEO
Jacqueline R SmedleyVice President
Donald TomassoDirector
Michael GillDirector
Murice PerryDirector
Jeffrey BlackwellAsst Secretary
SARAH O'RIELLYSecretary
Michelle M LimeresTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$48,516
Program Service Revenue
$2,529,477
Investment Income
$-20,615
Other Revenue
$10,104
All Other Contributions
$13,250
Change in Net Assets
$-142,929

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,567,482
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$20,880
Total Revenue per Audited Statements
$2,588,362
Total Revenue per Form 990
$2,567,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,505,411
Grants and Similar Amounts Paid$205,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$902,280$155,942-$1,058,222
Grants to Domestic Orgs$200,000--$200,000
Depreciation Depletion$141,603--$141,603
Occupancy$71,701--$71,701
All Other Expenses$65,405--$65,405
Office Expenses$22,510--$22,510
Advertising$8,418--$8,418
Grants to Domestic Individuals$5,000--$5,000
Other Expenses$4,080--$4,080
Conferences and Meetings$2,597--$2,597
Fees for Services Accounting-$2,268-$2,268
Fees for Services Legal$2,006--$2,006
Total Functional Expenses$2,552,201$158,210$0$2,710,411

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,731,291
Expenses per Audited Statements$2,710,411
Total Expenses per Form 990$2,710,411
Expenses Not Reported on Form 990$20,880
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Victory Housing IncRockville, MD501(c)3General Support$200,000
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
Due to Affiliates$106,908
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 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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Raphael has entered into an agreement with vhi, a related party corporation, in connection with the management of the rental operations of the project.

Form 990, Part VI, Section A, Line 6

There is one class of membership which consists of the archbishop of the archdiocese of washington,the moderator of the curia of the archdiocese of washington, the chancellor of the archdiocese of washington,and their successors in office, each as selected or appointed according to the discpline of the roman catholic church.

Form 990, Part VI, Section A, Line 7A

Members have the power to elect and remove members to the board of directors and fill vacancies that may occur.

Form 990, Part VI, Section A, Line 7B

The corporate members reserve to themselves authority to authorize the following actions: (a)the oversight and authentication of the corporation's mission; (b)the adoption or amendment of a mission statement; (c)the amendment of the articles of incorporation and the amendment of the bylaws; (d)the election and removal of members to the board of directors and the filling of vacancies that may occur; (e)the appointment and termination of the president/chief executive officer ("ceo"); (f)the acquisition, purchase, sale, lease, disposition or hypothecation of real property by corporation; (g) the approval of the borrowing of money or the guarantee of any obligations; (h)the approval of any budget which reflects an operating deficit; (i) the approval of fiscal auditors; (j) the merger, liquidation, dissolution, winding up, or abandonment of the corporation.

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

The form 990 is provided to board members for review prior to filing.

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

The organization's related organization, victory housing, has a written conflict of interest policy. The board members and officers of the organization acknowledge and adhere to this policy, and they annually disclose any conflicts of interest.

Form 990, Part VI, Section B, Line 15

Those members of the board for whom compensation is reported in part vii of this form 990 are compensated by a related organization, victory housing, inc.

Form 990, Part VI, Section C, Line 19

These documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Raphael Inc
EIN
54-1592075
Phone
3014936000
Address
6001 EXECUTIVE BLVD SUITE 30, ROCKVILLE, MD 20852

Signing Officer

Name
Leila a Finucane
Title
CEO/president
Phone
3014936000
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leila a Finucane
Formed
1990
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Cohnreznick Advisory LLC
Address
7501 WISCONSIN AVENUE SUITE 400E, BETHESDA, MD 20814
Preparer
Jolanta Tuck
Phone
3016529100
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

The organization hold security deposits as required by state law.

PART X, LINE 2:

Victory housing inc. And certain nonprofit affiliates have applied for and received a determination letter 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 december 31, 2024 and 2023. Due to the tax-exempt status, victory housing inc. And certain nonprofit affiliates are not subject to income taxes. Victory housing inc. And certain nonprofit affiliates are required to file and do file tax returns with the irs and other taxing authorities. Accordingly, these consolidated and combined financial statements do not reflect a provision for income taxes for victory housing inc. And certain nonprofit affiliates and they have no other tax positions which must be considered for disclosure. The financial accounting standards board ("fasb") has issued guidance which clarifies generally accepted accounting principles for recognition, measurement, presentation and disclosure relating to uncertain tax positions. This guidance clarifies the accounting and recognition for income tax positions taken or expected to be taken in the income tax returns. Income tax returns filed by victory are subject to examination by the irs for a period of three years. While no income tax returns are currently being examined by the irs, tax years since 2021 remain open.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

LOSS ON DISPOSAL 20,880.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

LOSS ON DISPOSAL 20,880.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
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IRS990/MissionDesc0ASSISTED LIVING RESIDENCE FOR LOW- AND MODERATE-INCOME FRAIL ELDERLY PERSONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0361068
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0346522
IRS990/NetAssetsOrFundBalancesBOYAmt01356733
IRS990/NetAssetsOrFundBalancesEOYAmt01213804
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-22452
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-22452
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01356733
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01213804
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt071701
IRS990/OccupancyGrp/TotalAmt071701
IRS990/OfficeExpensesGrp/ProgramServicesAmt022510
IRS990/OfficeExpensesGrp/TotalAmt022510
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0198387
IRS990/OtherAssetsTotalGrp/EOYAmt0243254
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ELDERLY CARE SERVICE EX
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSES
IRS990/OtherExpensesGrp/Desc3MISC. TAXES & LICENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0999882
IRS990/OtherExpensesGrp/ProgramServicesAmt189853
IRS990/OtherExpensesGrp/ProgramServicesAmt236866
IRS990/OtherExpensesGrp/ProgramServicesAmt34080
IRS990/OtherExpensesGrp/TotalAmt0999882
IRS990/OtherExpensesGrp/TotalAmt189853
IRS990/OtherExpensesGrp/TotalAmt236866
IRS990/OtherExpensesGrp/TotalAmt34080
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0106908
IRS990/OtherRevenueTotalAmt010104
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01734
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0531
IRS990/PrincipalOfficerNm0LEILA A FINUCANE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE - HOUSI
IRS990/ProgramServiceRevenueGrp/Desc1OTHER HOUSING REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02513877
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02513877
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115600
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt020864
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01189684
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01219619
IRS990/PYRevenuesLessExpensesAmt050799
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01189684
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01240483
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-142929
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt05000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02539581
IRS990/SavingsAndTempCashInvstGrp/BOYAmt046011
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0CABLE REVENUE - 2021 AMOUNT: $ 1,403. OTHER REVENUE - 2022 AMOUNT: $ 29,302. 2024 AMOUNT: $ 10,104.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt048516
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt020864
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt052262
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt095573
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt056654
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0273869
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01837
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0675
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0818
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03330
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02529477
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01219619
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02198446
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02006832
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02019519
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09973893
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01837
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0675
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0818
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03330
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt010104
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt029302
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01403
IRS990ScheduleA/OtherIncome509Grp/TotalAmt040809
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99570
IRS990ScheduleA/PublicSupportPY509Pct00.99650
IRS990ScheduleA/PublicSupportTotal509Amt010247762
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02577993
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01240483
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02250708
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02102405
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02076173
IRS990ScheduleA/Total509Grp/TotalAmt010247762
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02589934
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01240483
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02280685
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02103808
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02076991
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010291901
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/BookValueAmt0743685
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01891965
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02635650
IRS990ScheduleD/EquipmentGrp/BookValueAmt0211959
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0569610
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0781569
IRS990ScheduleD/ExpensesNotReportedAmt020880
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02710411
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0549000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0549000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0219311
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt123943
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherExpensesIncludedAmt020880
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0106908
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherRevenueAmt020880
IRS990ScheduleD/RevenueNotReportedAmt020880
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02567482
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLD SECURITY DEPOSITS AS REQUIRED BY STATE LAW.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1VICTORY HOUSING INC. AND CERTAIN NONPROFIT AFFILIATES HAVE APPLIED FOR AND RECEIVED A DETERMINATION LETTER 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 DECEMBER 31, 2024 AND 2023. DUE TO THE TAX-EXEMPT STATUS, VICTORY HOUSING INC. AND CERTAIN NONPROFIT AFFILIATES ARE NOT SUBJECT TO INCOME TAXES. VICTORY HOUSING INC. AND CERTAIN NONPROFIT AFFILIATES ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES FOR VICTORY HOUSING INC. AND CERTAIN NONPROFIT AFFILIATES AND THEY HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") HAS ISSUED GUIDANCE WHICH CLARIFIES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES FOR RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE RELATING TO UNCERTAIN TAX POSITIONS. THIS GUIDANCE CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE INCOME TAX RETURNS. INCOME TAX RETURNS FILED BY VICTORY ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON DISPOSAL 20,880.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3LOSS ON DISPOSAL 20,880.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01504644
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0243254
IRS990ScheduleD/TotalExpensesPerForm990Amt02710411
IRS990ScheduleD/TotalLiabilityAmt0106908
IRS990ScheduleD/TotalRevenuePerForm990Amt02567482
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02588362
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02731291
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0200000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VICTORY HOUSING INC
IRS990ScheduleI/RecipientTable/RecipientEIN0521261881
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt06001 EXECUTIVE BLVD SUITE 300
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ROCKVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd020852
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0CONTRIBUTION WAS MADE TO AFFILIATE, THEREFORE, THE BOARD IS ABLE TO MONITOR USE OF FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.88$1.21$2.57$2.71$0.14
2023Detailed filing. Detailed filing data is available for this year.$2.18$0.82$1.36$1.24$1.19$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.15$0.78$1.36$2.10$2.24$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.26$0.76$1.50$2.08$2.19$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.63$1.02$1.61$1.88$2.02$0.13
2019Detailed filing. Detailed filing data is available for this year.$2.62$0.87$1.75$1.91$1.70$0.21
2018Detailed filing. Detailed filing data is available for this year.$2.40$0.86$1.54$1.66$1.64$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.40$0.88$1.51$1.52$1.45$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.41$0.96$1.44$1.47$1.50$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.55$1.07$1.48$1.52$1.42$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.56$1.18$1.38$1.47$1.50$0.02
2013Summary only. Only limited summary data is available for this year.$2.68$1.28$1.40$1.40$1.37$0.03
2012Summary only. Only limited summary data is available for this year.$2.74$1.37$1.37$1.35$1.24$0.11
2011Summary only. Only limited summary data is available for this year.$2.41$1.14$1.26$1.25$1.19$0.07