Overview
What is Victory Oaks Inc?
Victory Oaks Inc is a nonprofit organization that focuses on providing affordable housing and related services. While the provided information is limited, it indicates that their mission is to make a significant impact in this area. However, specific details about their activities, achievements, or the scope of their services are not available. As an unregistered user, the description mentions a limit of 100 profile views, suggesting that more comprehensive information may be accessible with a free account.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Victory Oaks Inc has received a Three-Star rating based on a score of 86%, primarily focused on its Accountability & Finance practices. This rating indicates that the organization demonstrates a solid level of transparency and responsibility in its financial management. The high Program Expense Ratio of 93.45% suggests that a significant portion of its resources is directed toward its mission-related programs, which is a positive indicator of effective operational efficiency.
The organization shows a commitment to governance, evidenced by its independent board size, with three independent members out of a total of eight. However, it's noted that only 42% of the board members are independent, which may raise some concerns regarding potential conflicts of interest. Despite this, Victory Oaks Inc has put in place several policies to safeguard its operations, including a conflict of interest policy and a whistleblower policy.
Overall, while Victory Oaks Inc demonstrates strong accountability and financial practices, the composition of its board may be an area for improvement. Nevertheless, the absence of material asset diversions and the presence of audited financial statements reflect a commitment to ethical standards and responsible management.
This AI summary has been generated from information found on Charity Navigator.
Is Victory Oaks Inc legitimate?
Victory Oaks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Victory Oaks 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: $63,457
For more financial information, click here
What is the mission statement of Victory Oaks Inc?
Victory Oaks Inc is committed to providing affordable housing and related services. Their mission is to contribute to the well-being of individuals and families by offering affordable living spaces and essential support services. They strive to create inclusive communities where everyone has the opportunity to thrive, regardless of their financial situation. By focusing on affordable housing, Victory Oaks Inc aims to alleviate the housing burden for many, thereby enhancing their overall quality of life.
Who is the CEO of Victory Oaks Inc?
Leila A Finucane is the President & Ceo of Victory Oaks Inc. The CEO's salary of Victory Oaks Inc is $0 and their total compensation is $410,053.
What is the revenue of Victory Oaks Inc?
Victory Oaks Inc's revenue in 2022 was $511,246.
Who are the executives of Victory Oaks Inc and what are their salaries?
Here are 10 key members and their salaries (Victory Oaks 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 Oaks Inc?
Victory Oaks Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Victory Oaks Inc
Victory Oaks Inc is committed to providing affordable housing and essential services. Their mission is to make a meaningful impact in people's lives by offering affordable housing options and accompanying support systems. This nonprofit organization aims to empower individuals and families, ensuring they have the resources they need to thrive. By focusing on affordable housing, Victory Oaks Inc seeks to create stable living environments, which are essential foundations for personal growth and community development.
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Impact
July, 2024
Victory Oaks Inc has a significant impact on providing affordable housing and services in Rockville, MD. Through their mission, they strive to address the critical need for affordable housing in the community and support individuals in accessing safe and stable living situations. Their work plays a vital role in improving the overall well-being and quality of life for many individuals and families in need of affordable housing options.
This information is meant to be a general summary of Victory Oaks 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: $27
- Program Service Revenue: $511,219
- Gross Receipts: $511,246
Assets and Liabilities:
- Total Assets: $5,526,093
- Total Liabilities: $1,030,779
- Net Assets: $4,495,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Ag
Revenue
$377,051
Affordable Housing
Revenue
$129,707
Miscellaneous Income
Revenue
$4,461
Organization Details
Founding Year
2009
Principal Officer
Leila A Finucane
Main Address
11400 Rockville Pike STE 505, Rockville, MD, 20852
NTEE Category
Code: L22 - Housing
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