Civic Intelligence

Victory Homes

990 • Fiscal year 2019 • EIN 81-4374435

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 15, 2020

Organization ProfileN/A

View Organization Page

20139 Driftwood AveChicago Heights, IL 60411

(773) 507-6379

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2019

Top Officer Pay

78th percentile

$4,050

Higher top officer pay than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets58th percentile

Assets

$22,751

No earlier filing loaded for comparison.

Net Assets

$22,741

No earlier filing loaded for comparison.

Liabilities

$10

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0-$500KAssets 2019: $22,751Liabilities 2019: $10Net Assets 2019: $22,7412019Assets 2020: $36,043Liabilities 2020: $84,460Net Assets 2020: -$48,4172020Assets 2021: $25,739Liabilities 2021: $81,825Net Assets 2021: -$56,0862021Assets 2022: $215,693Liabilities 2022: $105,249Net Assets 2022: $110,4442022Assets 2023: $578,288Liabilities 2023: $61,919Net Assets 2023: $516,3692023Assets 2024: $900,029Liabilities 2024: $93,387Net Assets 2024: $806,6422024

Highlighted filing

2019

Assets$22,751
Liabilities$10
Net Assets$22,741
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $393,897Expenses 2020: $385,406Net Income 2020: $8,4912020Revenue 2021: $519,166Expenses 2021: $505,982Net Income 2021: $13,1842021Revenue 2022: $793,037Expenses 2022: $702,690Net Income 2022: $90,3472022Revenue 2023: $1,721,727Expenses 2023: $1,315,802Net Income 2023: $405,9252023Revenue 2024: $1,763,125Expenses 2024: $1,472,852Net Income 2024: $290,2732024

Highlighted filing

2019

Revenue$0
Expenses$0
Net Income$0
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 15, 2020
Return Version
2019v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

The organization is based on taking are of people with developmental disability

Taking care of people with developmental disability

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$22,751$22,751→ $0
Total Assets$22,751$22,751→ $0
Liabilities
Other Liabilities$10--
Total Liabilities$10$10→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,751$22,741▼ $10
Total Net Assets Fund Balance$22,751$22,741▼ $10
Total Liabilities and Net Assets / Fund Balance$22,761$22,741▼ $20
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Abimbola OgunlCEOFT$4,050$4,050
Titilayo DisuCFOFT$4,050$4,050
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

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

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Victory Homes
EIN
81-4374435
Phone
7735076379
Address
20139 DRIFTWOOD AVE, CHICAGO HEIGHTS, IL 60411

Signing Officer

Name
Abimbola Ogunlola
Title
Chief Executive Officer
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Abimbola Ogunlola
Voting Board Members
4
Independent Board Members
0
Employees
15

Preparer

Firm
Wilson & Associates CPA
Address
6965 N WESTERN AVENUE, CHICAGO, IL 60645
Preparer
Wilson Atiabet CPA
Phone
7732743627
Supplemental Narrative

Additional Explanations

Form 990 Part III Line 4A

“The promotion of a learning environment for people with developmental disabilities is a substantial part of the entity's program activities.”

Form 990 Part III Line 4B

“Community integration is the scond largest program carried out by the entity”

Form 990 Part III Line 4C

“Assistance with daily living is a third of the entity's program activities.”

Raw XML Appendix237 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/ReportableCompFromRltdOrgAmt10
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IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990ProvidedToGvrnBodyInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitialReturnInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt015
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION IS BASED ON TAKING CARE OF PEOPLE WITH DEVELOPMENTAL DISABILITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt022741
IRS990/NetAssetsOrFundBalancesEOYAmt022741
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt022751
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt022741
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherLiabilitiesGrp/BOYAmt010
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
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IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt080956
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt080956
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0242868
IRS990/PYExcessBenefitTransInd0false
IRS990/PYRevenuesLessExpensesAmt0242868
IRS990/PYTotalRevenueAmt0242868
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0-242868
IRS990ScheduleA/SubstantialContributorsTotAmt0242868
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ABIMBOLA OGUNLOLA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF EXECUTIVE OFFICER
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VICTORY HOMES
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ReturnHeader/Filer/EIN0814374435
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILSON & ASSOCIATES CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06965 N WESTERN AVENUE
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ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$22,751
Liabilities
$10
Net assets
$22,741
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.90$0.09$0.81$1.76$1.47$0.29
2023Detailed filing. Detailed filing data is available for this year.$0.58$0.06$0.52$1.72$1.32$0.41
2022Detailed filing. Detailed filing data is available for this year.$0.22$0.11$0.11$0.79$0.70$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.08$0.06$0.52$0.51$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.04$0.08$0.05$0.39$0.39$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.00$0.00$0.00