Overview
What is Victory Housing Inc?
Victory Housing Inc, situated in Rockville, Maryland, is a dedicated nonprofit organization focusing on affordable housing and related services. With a team of 238 employees, they cater to the needs of low- and moderate-income senior citizens and families by managing and developing affordable housing projects. Their mission is to offer affordable housing solutions, contributing positively to their community.
What are the reviews and ratings of this charity?
Victory Housing Inc has received a Three-Star out of Four Star rating from Charity Navigator with an overall score of 79%. This rating highly emphasizes accountability and financial health, indicating that the organization is transparent in its operations and management. The ratings showcase strong metrics, including a high program expense ratio of 87.23%, which suggests that a significant portion of funds raised is allocated towards programs rather than administrative costs.
A notable strength of Victory Housing is its fully independent board, with 100% of members meeting independence standards, and it has robust policies in place including conflict of interest and whistleblower protections. Additionally, the organization's liabilities to assets ratio is at a commendable 31.90%, reflecting prudent financial management.
However, the financial figures also show considerable salaries for key personnel, which could raise questions on resource allocation. Overall, while Victory Housing demonstrates solid accountability and strong financial health, prospective donors may want to consider the balance between leadership compensation and program impact.
Not Available
This AI summary has been generated from information found on Charity Navigator.
Is Victory Housing Inc legitimate?
Victory Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Victory Housing 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: $1,165,037
For more financial information, click here
What is the mission statement of Victory Housing Inc?
Victory Housing Inc is committed to providing affordable housing and related services to low- and moderate-income senior citizens and families. Their mission is centered around managing affordable housing projects and developing new ones to cater to this demographic. By offering these services, they aim to contribute to the well-being and stability of these communities, ensuring that everyone has a roof over their heads, regardless of their income level. The organization's activities extend beyond just housing, striving to enhance the living conditions and quality of life for the individuals they serve.
Who is the CEO of Victory Housing Inc?
Leila A Finucane is the CEO of Victory Housing Inc The CEO's salary of Victory Housing Inc is $411,552 and their total compensation is $466,442.
What is the revenue of Victory Housing Inc?
Victory Housing Inc's revenue in 2023 was $1,876,588.
Who are the executives of Victory Housing Inc and what are their salaries?
The average compensation at Victory Housing Inc during 2023 was $4,191. There are 278 employees and 10 volunteers at Victory Housing Inc.
Here are 19 key members and their salaries (Victory Housing Inc's CEO's salary is $411,552 and their total compensation is $466,442):
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- Compensation: $185,270
- Related: $0
- Other: $28,260
- Compensation: $411,552
- Related: $0
- Other: $54,890
- Compensation: $248,660
- Related: $0
- Other: $42,407
- Compensation: $212,802
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- Other: $40,398
- Compensation: $187,334
- Related: $0
- Other: $37,140
- Compensation: $245,203
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- Other: $41,189
- Compensation: $143,612
- Related: $0
- Other: $25,644
- Compensation: $280,402
- Related: $0
- Other: $43,589
Where can I find the form 990 for Victory Housing Inc?
Victory Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Victory Housing Inc
Victory Housing Inc, a nonprofit organization, is committed to providing affordable housing and related services to low- and moderate-income senior citizens and families. Their primary mission is to create an environment where these individuals can thrive, ensuring they have access to suitable living spaces. This mission is accomplished through asset management of affordable housing projects and the development of new affordable housing projects. By focusing on this crucial aspect, Victory Housing Inc contributes significantly to the well-being of those who often face challenges in securing affordable housing.
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Impact
July, 2024
Victory Housing Inc's impact centers around providing affordable housing and related services to low and moderate-income seniors and families. Through their asset management of affordable housing projects and affordable housing project development, they contribute to addressing the critical need for accessible housing options in Rockville, Maryland. By focusing on serving vulnerable populations, Victory Housing Inc is actively working towards creating stable and supportive living environments for those in need. Their work aligns with their mission to provide affordable housing and related services to low and moderate-income senior citizens and families, ultimately making a positive impact on the community.
This information is meant to be a general summary of Victory Housing 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 2023.
- Investment Income: $447,399
- Program Service Revenue: $1,274,173
- Gross Receipts: $1,876,588
Assets and Liabilities:
- Total Assets: $43,875,072
- Total Liabilities: $12,670,617
- Net Assets: $31,204,455
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$595,434
CORP SERVICES FEE
Revenue
$300,582
RENTAL INCOME
Revenue
$271,012
PARTNERSHIP ADMIN FEE
Revenue
$78,941
DEVELOPMENT FEE
Revenue
$20,824
Organization Details
Founding Year
1979
Principal Officer
Leila A Finucane
NTEE Category
Code: L22 - Housing
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