2025-11-16T13:41:41-05:00 2024-12-31 474306215 Mullins PC 7625 Wisconsin Avenue Bethesda MD 20814 990 2024-01-01 522231301 Cambridge Apartments Inc % Leila A Finucane CAMB 3014936000 6001 Executive Blvd STE 300 Rockville MD 20852 LEILA A FINUCANE President & CEO 3014936000 2025-11-16 true true JOHN MULLINS P01429307 2027706371 2025-11-16 2024 2025-03-06 01:10:19Z X Leila A Finucane 6001 Executive Blvd STE 300 Rockville MD 20852 436673 false X N/A X 2000 MD Affordable housing and services 3 3 0 3 0 0 0 234129 436456 3193 217 0 237322 436673 0 0 23822 90876 0 0 175093 561819 198915 652695 38407 -216022 2065133 1810164 2180593 2150537 -115460 -340373 Affordable housing and services false false 441277 33 rental apartments providing affordable housing for low- and moderate-income families. 441277 true false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 5 0 true 0 false false false false false false false false false false false false X 3 3 false false false false true true true true true false false true true true true true true false false false X Sarah ORielly 3014936000 6001 Executive Blvd Suite 300 Rockville MD 20852 Leila A Finucane President & CEO 1.00 39.00 X 0 425574 54018 Jacqueline R Smedley Vice President 1.00 39.00 X 0 288368 43175 Michelle M Limeres Treasurer 1.00 39.00 X 0 256926 43947 Jeffrey Blackwell Asst Secretary 1.00 39.00 X 0 253360 41004 Sarah ORielly Secretary 1.00 39.00 X 0 227699 42254 Maurice Perry Director 0.50 5.00 X 0 0 0 Michael Gill Director 0.50 5.00 X 0 0 0 Donald Tomasso Director 0.50 5.00 X 0 0 0 0 1451927 224398 0 false true false Affordable Housing 531110 427161 427161 Miscellaneous Income 531110 9295 9295 436456 217 217 0 436673 436456 0 217 70100 70100 15155 15155 5621 5621 38097 38097 2719 2719 20125 20125 13702 13702 2048 2048 6083 6083 2760 2760 113133 113133 59 59 153196 153196 77098 77098 Repairs and maintenance 102733 102733 Financing Fees 9522 9522 Bad Debt 10341 10341 Miscellaneous 10203 10203 652695 441277 211418 0 231858 68854 168229 168229 10077 9526 23247 21139 2879055 1653272 1302882 1225783 328840 316633 2065133 1810164 19524 57568 2905 2416 2136923 2068041 21241 22512 2180593 2150537 X -115460 -340373 -115460 -340373 2065133 1810164 X -216022 -8891 X false true X true false X 426540 435231 437717 225304 427161 1951953 426540 435231 437717 225304 427161 1951953 0 0 0 0 0 0 1951953 6109 1626 245 3193 217 11390 6109 1626 245 3193 217 11390 7057 6994 11140 8825 9295 43311 439706 443851 449102 237322 436673 2006654 0.97270 0.97330 0.01000 0.01000 X 233000 233000 2471645 1513178 958467 99643 85283 14360 21537 12562 8975 53230 42249 10981 1225783 Escrow deposits 16669 Reserve for replacements 263259 Finance Cost Net 36705 316633 Resident security deposits 14664 Security Interest 7848 22512 X 436673 436673 436673 652695 652695 652695 Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) Due to its tax-exempt status, The Organization is not subject to income taxes. The Organization is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and The Organization has no other tax positions which must be considered for disclosure. The Organizations Form 990, Return of Organization Exempt from Income Tax, for the previous three years are subject to examination by the IRS, generally for three years after they were filed. false false false false false false false false false Leila A Finucane President & CEO 327059 95000 3515 48228 5790 479592 Jacqueline R Smedley Vice President 241964 46000 404 35183 7992 331543 Michelle M Limeres Treasurer 213126 43200 600 31994 11953 300873 Jeffrey Blackwell Asst Secretary 210760 42000 600 29159 11845 294364 Sarah ORielly Secretary 187649 38850 1200 27698 14556 269953 General Explanation Attachment The President and Chief Executive Officer receives compensation from a related entity, Victory Housing, Inc. Victory Housing Inc. uses an independent compensation consultant, Form 990 of other organizations, compensation survey or study, and approval by the Victory Housing board to establish compensation. Members or stockholder classes and rights Part VI line 6 There shall be one class of membership with voting rights consisting of the Archbishop of the Archdiocese of Washington, the Moderator of the Curia of the Archdiocese of Washington, the Chancellor of the Archdiocese of Washington, and their successors in office, each as selected or appointed according to the discipline of the Roman Catholic Church. The persons holding these offices will be known as the Corporate Members of the Corporation. Member election for additional members Part VI line 7a Each Corporate Member shall have the right to one vote to elect and remove members to the board of directors and fill vacancies that may occur. Governing body decisions Part VI line 7b The Corporate Members reserve to themselves authority to authorize the followingactions:(a)The oversight & authentication of the Corporations mission;(b)The adoption or amendment of a mission statement;(c)The amendment of the Articles of Incoporation and the amendment of the Bylaws;(d)The election & removal of members to the Board of Directors & the filling of vacancies that may occur; (e)The appointment & termination of the President/Chief Executive Officer (CEO);(f)The acquisition, purchase, sale, lease, disposition or hypothecation of real property by Corporation; (g)The approval of the borrowing of money or the guarantee of any obligations;(h)The approval of any budget which reflects an operating deficit; (i)The approval of fiscal auditors; (j)The merger, liquidation, dissolution, winding up, or abandonment of the Corporation. Form 990 governing body review Part VI line 11 Draft of form 990 is provided to board members for review prior to filing. Conflict of interest policy compliance Part VI line 12c The Organizations related entity, Victory Housing has a written Conflict of Interest Policy. The board members and officers of the Organization acknowledge and adhere to this policy, and they annually disclose any conflicts of interest. Governing documents etc available to public Part VI line 19 Other Organization documents publicly available, upon request. Explanation of other changes in net assets or fund balances Part XI line 9 Adjustment to tie net assets Victory Housing Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 521261881 Real Estate MD 501C3 10 N/A false Andrew Kim House Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 522219830 Real Estate MD 501c3 10 Victory Housing false Avondale Park Apartments Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 522028130 Real Estate MD 501c3 10 Victory Housing false Cheval Court Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 202024019 Real Estate MD 501c3 10 Victory Housing false Manor Apartments Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 521681046 Real Estate MD 501c3 10 Victory Housing false Palmer Park Seniors Housing Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 300017331 Real Estate MD 501c3 10 Victory Housing false Trinity Terrace Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 522293450 Real Estate MD 501c3 10 Victory Housing false Victory Heights Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 141869907 Real Estate DC 501c3 10 Victory Housing false Winslow House Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 260040672 Real Estate MD 501c3 10 Victory Housing false Bartholomew House Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 521979394 Real Estate MD 501c3 10 Victory Housing false Grace House Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 202023995 Real Estate MD 501c3 10 Victory Housing false Malta House Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 521845215 Real Estate MD 501c3 10 Victory Housing false Marian Assisted Living Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 522131149 Real Estate MD 501c3 10 Victory Housing false Raphael Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 541592075 Real Estate MD 501c3 10 Victory Housing false Byron House Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 521901039 Real Estate MD 501c3 10 Victory Housing false Takoma Tower Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 522356746 Real Estate MD 501c3 10 Victory Housing false Victory Terrace Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 320021451 Real Estate MD 501c3 10 Victory Housing false Victory Crest Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 208067069 Real Estate MD 501c3 10 Victory Housing false Rollingcrest CommonsInc 6001 Executive Blvd Ste 300 Rockville MD 20852 204714838 Real Estate MD 501c3 10 Victory Housing false Victory OaksInc 6001 Executive Blvd Ste 300 Rockville MD 20852 264381436 Real Estate MD 501c3 10 Victory Housing false Victory Court Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 452954541 Real Estate MD 501c3 10 Victory Housing false Victory Brookside Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 453693816 Real Estate MD 501c3 10 Victory Housing false Victory Lakeside Inc 6001 Executive Blvd Ste 300 Rockville MD 20852 462901904 Real Estate MD 501c3 10 Victory Housing false CCS Housing Inc 6001 Executive Blvd Ste 300 Rockville DC 20852 562623529 Real Estate DC 501c3 10 Victory Housing false Victory La Plata LP 6001 Executive Blvd Ste 300 Rockville MD 20852 262133960 Real Estate MD Vict Hsg false false 0.00000 Spring Flats Senior 4 LLC 6001 Executive Blvd Ste 300 Rockville MD 20852 834148492 Real Estate DC Vict Hsg false false 0.00000 Spring Flats Senior 9 LLC 6001 Executive Blvd Ste 300 Rockville MD 20852 834190769 Real Estate DC Vict Hsg false false 0.00000 Spring Flats Family LLC 6001 Executive Blvd Ste 300 Rockville MD 20852 842785280 Real Estate DC Vict Hsg false false 0.00000 Spring Flats Workforce LLC 6001 Executive Blvd Ste 300 Rockville MD 20852 844494353 Real Estate DC Vict Hsg false false 0.00000 Spring Flats Rows LLC 6001 Executive Blvd Ste 300 Rockville MD 20852 842819293 Real Estate DC Vict Hsg false false 0.00000 Spring Flats MD LLC 6001 Executive Blvd Ste 300 Rockville MD 20852 823264938 Real Estate DC Vict Hsg false false 0.00000 Takoma Tower LP 6001 Executive Blvd Ste 300 Rockville MD 20852 010693911 Real Estate MD Vict Hsg false false 0.00000 St Martins Apartments LP 6001 Executive Blvd Ste 300 Rockville MD 20852 562623539 Real Estate DC Vict Hsg false false 0.00000 Victory Crossing LP 6001 Executive Blvd Ste 300 Rockville MD 20852 465488566 Real Estate MD Vict Hsg false false 0.00000 Victory Forest LP 6001 Executive Blvd Ste 300 Rockville MD 20852 262341421 Real Estate MD Vict Hsg false false 0.00000 Victory Haven LP 6001 Executive Blvd Ste 300 Rockville MD 20852 824115538 Real Estate MD Vict Hsg false false 0.00000 Parkside Senior LP 6001 Executive Blvd Ste 300 Rockville MD 20852 273279190 Real Estate DC Vict Hsg false false 0.00000 Victory Terrace LP 6001 Executive Blvd Ste 300 Rockville MD 20852 030469442 Real Estate MD Vict Hsg false false 0.00000 Victory Woods LLC 6001 Executive Blvd Ste 300 Rockville MD 20852 272371765 Real Estate MD Vict Hsg false false 0.00000 Covenant Village LP 6001 Executive Blvd Ste 300 Rockville MD 20852 203924051 Real Estate MD Vict Hsg false false 0.00000 Covenant Village GP LLC 6001 Executive Blvd Ste 300 Rockville MD 20852 205732161 Real Estate MD Vict Hsg false false 0.00000 Victory Forest LLC 6001 Executive Blvd Ste 300 Rockville MD 20852 262341386 Real Estate MD Victory HSG C Corp 0.00000 Victory Covenant LLC 6001 Executive Blvd Ste 300 Rockville MD 20852 203923948 Real Estate MD Victory HSG C Corp 0.00000 Victory La Plata Partn 6001 Executive Blvd Ste 300 Rockville MD 20852 272634673 Real Estate MD Victory HSG C Corp 0.00000 Parkside Senior Housin 6001 Executive Blvd Ste 300 Rockville MD 20852 454426766 Real Estate DC Victory HSG C Corp 0.00000 Victory Woods GP LLC 6001 Executive Blvd Ste 300 Rockville MD 20852 272371676 Real Estate MD Victory HSG C Corp 0.00000 Victory Crossing LLC 6001 Executive Blvd Ste 300 Rockville MD 20852 465488617 Real Estate MD Victory HSG C Corp 0.00000 Victory Haven LLC 6001 Executive Blvd Ste 300 Rockville MD 20852 824086162 Real Estate MD Victory HSG C Corp 0.00000 Victory Silgo LLC 6001 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