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Victory Housing Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521261881 ✦ Rockville, MD ✦ Designated as a 501(c)(3)

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.


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.

Here are some key statistics you may want to consider:

Executive Compensation: $1,227,222
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,090,649

For more financial information, click here


What is the mission statement of Victory Housing Inc?
Who is the CEO of Victory Housing Inc?
What is the revenue of Victory Housing Inc?
Who are the executives of Victory Housing Inc and what are their salaries?

The average compensation at Victory Housing Inc during 2022 was $9,739. There are 238 employees and 10 volunteers at Victory Housing Inc.

Here are 22 key members and their salaries (Victory Housing Inc's CEO's salary is $364,094 and their total compensation is $410,053):


Where can I find the form 990 for Victory Housing Inc?

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.

Impact

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.




Saturday, July 20, 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.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $749,069
  • Program Service Revenue: $6,242,037
  • Gross Receipts: $9,895,856

    • Assets and Liabilities:
  • Total Assets: $43,875,072
  • Total Liabilities: $12,670,617
  • Net Assets: $31,204,455
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    AFFORDABLE HOUSING

    Revenue

    $5,955,242

    CORPORATE SERVICE FEE

    Revenue

    $201,543

    FINANCIAL REVENUE

    Revenue

    $79,552

    LAUNDRY & VENDING

    Revenue

    $5,700

    Organization Details

    Founding Year

    1979

    Principal Officer

    Leila A Finucane

    Main Address

    11400 ROCKVILLE PIKE SUITE 505, ROCKVILLE, MD, 20852

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Victory Housing 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.