Overview
What is Victory Crest Inc?
Victory Crest Inc is a committed nonprofit organization located unspecified, dedicated to providing affordable housing and essential social services to senior citizens with very low income. Operating with 60 rental apartment units, Victory Crest serves its mission by offering a secure living environment. The organization's primary role is to enrich the lives of these independent seniors through its housing solutions and additional supportive services, ensuring they maintain their dignity and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)
Victory Crest Inc has received an overall rating of 84%, which reflects solid performance in accountability and finance. The charity's score is derived entirely from this category, indicating a strong commitment to financial transparency and responsible management of resources. The high program expense ratio of 92.84% suggests that a significant portion of funds is dedicated to its charitable activities rather than administrative costs.
Although Victory Crest Inc shows strengths in various accountability measures, the percentage of independent board members is a notable area for improvement, with only 42% of board members being independent. This could potentially impact governance and decision-making processes. However, the organization has demonstrated its commitment to ethical practices by having policies in place for conflict of interest and whistleblower protections.
Overall, the charity’s financial practices are commendable, and the absence of material diversion of assets further solidifies its reliability. While improvements in board independence could enhance governance, the organization’s current operating practices reflect a strong foundation for accountability and program effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Victory Crest Inc legitimate?
Victory Crest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Victory Crest Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,073
For more financial information, click here
What is the mission statement of Victory Crest Inc?
Victory Crest Inc, as an organization, is committed to providing affordable housing and related social services for senior citizens with low income. They accomplish this mission by offering 60 rental apartment units, ensuring that the elderly have a place to live without needing to spend a significant portion of their income on housing. By offering these services, Victory Crest Inc aims to contribute positively to the well-being and independence of its residents.
Who is the CEO of Victory Crest Inc?
Leila A Finucane is the President & Ceo of Victory Crest Inc. The CEO's salary of Victory Crest Inc is $0 and their total compensation is $410,053.
What is the revenue of Victory Crest Inc?
Victory Crest Inc's revenue in 2022 was $468,044.
Who are the executives of Victory Crest Inc and what are their salaries?
Here are 10 key members and their salaries (Victory Crest Inc's CEO's salary is $0 and their total compensation is $410,053):
- Compensation: $0
- Related: $364,094
- Other: $45,959
- Compensation: $0
- Related: $244,362
- Other: $29,431
- Compensation: $0
- Related: $214,496
- Other: $38,157
- Compensation: $0
- Related: $197,403
- Other: $35,776
- Compensation: $0
- Related: $149,665
- Other: $26,588
- Compensation: $0
- Related: $134,038
- Other: $16,157
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Victory Crest Inc?
Victory Crest Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Victory Crest Inc
Victory Crest Inc, a nonprofit organization, is dedicated to providing affordable housing and related social services for senior citizens with low incomes. This mission is carried out through the operation of 60 rental apartment units, which serve as a home for these individuals. By offering affordable housing, Victory Crest aims to ensure that senior citizens can live independently with dignity and security. In addition to providing a place to call home, Victory Crest also offers related social services to support the well-being of its residents.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Victory Crest Inc has a significant impact on the community by providing affordable housing and related social services for very-low-income independent senior citizens in ROCKVILLE, MD. Through its 60 rental apartment units, Victory Crest fulfills its mission of delivering affordable housing to those in need. This initiative directly benefits vulnerable senior citizens by offering them a safe and affordable place to live, ultimately improving their quality of life and well-being.
This information is meant to be a general summary of Victory Crest Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $180
- Program Service Revenue: $467,864
- Gross Receipts: $468,044
Assets and Liabilities:
- Total Assets: $5,790,991
- Total Liabilities: $1,054,706
- Net Assets: $4,736,285
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Ag
Revenue
$284,653
Affordable Housing
Revenue
$177,515
Miscellaneous Income
Revenue
$5,696
Organization Details
Founding Year
2006
Principal Officer
Leila A Finucane
Main Address
11400 Rockville Pike STE 505, Rockville, MD, 20852
NTEE Category
Code: L22 - Housing
If you are a representative of Victory Crest Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.