Overview
What is Victory Court Inc?
Victory Court Inc is a dedicated nonprofit organization, situated elsewhere than Princeton, New Jersey, that focuses on providing affordable housing and crucial social services to senior citizens with mixed income levels. Their mission is accomplished through the management of 86 rental apartment units. The social services they offer are designed to complement the living experience of these seniors, ensuring they maintain their independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Victory Court Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score is primarily based on its strong accountability practices, including a fully independent board and comprehensive financial oversight measures. The organization scored particularly well in areas such as its conflict of interest policy and whistleblower protections, indicating a commitment to transparency and ethical governance.
However, despite its strengths in governance, the organization faces challenges regarding its liabilities to assets ratio, which stands at 70.42%. This figure may raise concerns about financial stability and sustainability in the long term. Nonetheless, the high program expense ratio of 85.06% demonstrates that a significant portion of its resources is directed toward fulfilling its mission.
In summary, while Victory Court Inc exhibits strong accountability and a commitment to proper governance, potential donors and stakeholders should be aware of its financial liabilities. Overall, the organization appears to be effectively managing its resources to achieve its programmatic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Victory Court Inc legitimate?
Victory Court Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Victory Court 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: $134,160
For more financial information, click here
What is the mission statement of Victory Court Inc?
Victory Court Inc, an organization dedicated to senior citizens, focuses on providing affordable housing and essential social services. Their mission is to cater to mixed-income independent seniors, offering them 86 rental apartment units. The organization's mission extends beyond just housing, as it also offers related services to enhance the quality of life for its residents.
Who is the CEO of Victory Court Inc?
Leila A Finucane is the President & Ceo of Victory Court Inc. The CEO's salary of Victory Court Inc is $0 and their total compensation is $410,053.
What is the revenue of Victory Court Inc?
Victory Court Inc's revenue in 2022 was $1,536,491.
Who are the executives of Victory Court Inc and what are their salaries?
Here are 10 key members and their salaries (Victory Court 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 Court Inc?
Victory Court Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Victory Court Inc
Victory Court Inc, a nonprofit organization, is dedicated to providing affordable housing and related social services to senior citizens. This mission is accomplished through the operation of 86 rental apartment units, designed to accommodate mixed-income individuals living independently. By offering these units, Victory Court Inc aims to contribute to the well-being of senior citizens, ensuring they have access to secure and affordable living arrangements. Beyond housing, the organization also provides essential social services to its residents, further enriching their quality of life.
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Impact
July, 2024
Victory Court Inc's impact is evident in its provision of affordable housing and related social services to a diverse group of independent senior citizens through 86 rental apartment units in Rockville, Maryland. By offering affordable housing options and supportive services, Victory Court enables senior citizens to maintain their independence and quality of life in a safe and welcoming environment. This helps address the pressing issue of housing affordability for seniors, allowing them to live comfortably and securely as they age.
This information is meant to be a general summary of Victory Court 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: $44
- Program Service Revenue: $1,536,447
- Gross Receipts: $1,536,491
Assets and Liabilities:
- Total Assets: $12,877,618
- Total Liabilities: $8,910,238
- Net Assets: $3,967,380
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Affordable Housing
Revenue
$1,368,377
Fees & Contracts Gov Ag
Revenue
$163,512
Miscellaneous Income
Revenue
$4,558
Organization Details
Founding Year
2011
Principal Officer
Leila A Finucane
Main Address
11400 Rockville Pike STE 505, Rockville, MD, 20852
NTEE Category
Code: L22 - Housing
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