2025-11-16T09:33:21-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2024-01-01 522131149 MARIAN ASSISTED LIVING INC MARI 3014936000 6001 EXECUTIVE BLVD SUITE 300 ROCKVILLE MD 20852 LEILA A FINUCANE CEO/PRESIDENT 3014936000 2025-11-15 1 1 JOLANTA TUCK P01340068 3016529100 2025-11-13 2024 2025-03-06 01:10:19Z X LEILA A FINUCANE 6001 EXECUTIVE BLVD SUITE 300 ROCKVILLE MD 20852 3307140 0 X N/A X 1998 MD ASSISTED LIVING RESIDENCE FOR LOW- AND MODERATE-INCOME FRAIL ELDERLY PERSONS. 3 3 0 3 0 0 8886 38866 1525332 3266618 -10931 -3540 0 0 1523287 3301944 0 300000 0 0 0 0 0 0 0 1536697 3063253 1536697 3363253 -13410 -61309 3475815 3337599 2606999 2530094 868816 807505 ASSISTED LIVING RESIDENCE FOR LOW- AND MODERATE-INCOME FRAIL ELDERLY PERSONS. 0 0 3098761 300000 3266618 ASSISTED LIVING RESIDENCE FOR LOW- AND MODERATE-INCOME FRAIL ELDERLY PERSONS. 3098761 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X SARAH O'RIELLY 3014936000 6001 EXECUTIVE BLVD SUITE 300 ROCKVILLE MD 20852 MICHAEL GILL DIRECTOR 0.50 5.00 X 0 0 0 DONALD TOMASSO DIRECTOR 0.50 5.00 X 0 0 0 MAURICE PERRY DIRECTOR 0.50 5.00 X 0 0 0 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 SARAH O'RIELLY SECRETARY 1.00 39.00 X 0 227699 42254 MICHELLE M LIMERES TREASURER 1.00 39.00 X 0 256926 43947 JEFFREY BLACKWELL ASST SECRETARY 1.00 39.00 X 0 253360 41004 0 1451927 224398 0 0 1 0 0 38866 38866 RENTAL REV-SENIOR HSG 531110 3257385 3257385 OTHER HOUSING REVENUE 531110 9233 9233 3266618 1656 1656 5196 -5196 -5196 -5196 3301944 3266618 0 -3540 300000 300000 2041643 1827219 214424 46900 46900 39669 39669 13272 13272 86980 83812 3168 224885 224885 2952 2952 260863 260863 ELDERLY CARE SERVICES 187315 187315 REPAIRS & MAINTENANCE 145423 145423 BAD DEBT EXPENSES 9258 9258 OTHER TAXES, LICENSES, 4093 4093 3363253 3098761 264492 0 306370 366738 29630 20559 1734 755 6030821 3439997 2807549 2590824 12320 8898 318212 349825 3475815 3337599 265552 279596 24223 12433 253684 271091 2063540 1966974 2606999 2530094 X 868816 807505 868816 807505 3475815 3337599 -61309 -2 0 X 0 1 X 1 0 X 166708 65981 8886 38866 280441 2653335 2923798 2899942 1525332 3266618 13269025 2653335 3090506 2965923 1534218 3305484 13549466 0 0 0 13549466 8 10 1338 852 1656 3864 8 10 1338 852 1656 3864 410 22946 23356 2653343 3090926 2990207 1535070 3307140 13576686 0.99800 0.99790 0.00030 0.00030 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: CABLE REVENUE - 2021 AMOUNT: $ 410. INSURANCE PROCEEDS - 2022 AMOUNT: $ 22,946. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 340000 340000 5237573 3081715 2155858 172066 164424 7642 281182 193858 87324 2590824 RESIDENT SECURITY DEPOSITS 277101 RESERVE FOR REPLACEMENTS 72724 349825 X 3307140 5196 5196 3301944 0 3301944 3368449 5196 5196 3363253 0 3363253 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS AS REQUIRED BY STATE LAW. PART X, LINE 2: VICTORY HOUSING INC. AND CERTAIN NONPROFIT AFFILIATES HAVE APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. DUE TO THE TAX-EXEMPT STATUS, VICTORY HOUSING INC. AND CERTAIN NONPROFIT AFFILIATES ARE NOT SUBJECT TO INCOME TAXES. VICTORY HOUSING INC. AND CERTAIN NONPROFIT AFFILIATES ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES FOR VICTORY HOUSING INC. AND CERTAIN NONPROFIT AFFILIATES AND THEY HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") HAS ISSUED GUIDANCE WHICH CLARIFIES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES FOR RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE RELATING TO UNCERTAIN TAX POSITIONS. THIS GUIDANCE CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE INCOME TAX RETURNS. INCOME TAX RETURNS FILED BY VICTORY ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL 5,196. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL 5,196. 1 VICTORY HOUSING INC 6001 EXECUTIVE BLVD SUITE 300 ROCKVILLE MD 20852 521261881 501(C)(3) 300000 0 GENERAL SUPPORT 1 0 PART I, LINE 2: CONTRIBUTION WAS MADE TO AFFILIATE, THEREFORE, THE BOARD IS ABLE TO MONITOR USE OF FUNDS. 0 0 0 0 0 0 0 0 0 LEILA A FINUCANE PRESIDENT & CEO 0 327059 0 95000 0 3515 0 48228 0 5790 0 479592 0 0 JACQUELINE R SMEDLEY VICE PRESIDENT 0 241964 0 46000 0 404 0 35183 0 7992 0 331543 0 0 MICHELLE M LIMERES TREASURER 0 213126 0 43200 0 600 0 31994 0 11953 0 300873 0 0 JEFFREY BLACKWELL ASST SECRETARY 0 210760 0 42000 0 600 0 29159 0 11845 0 294364 0 0 SARAH O'RIELLY SECRETARY 0 187649 0 38850 0 1200 0 27698 0 14556 0 269953 0 0 PART I, LINE 3 THE PRESIDENT AND CHIEF EXECUTIVE OFFICER RECEIVES COMPENSATION FROM A RELATED ENTITY, VICTORY HOUSING, INC. ("VICTORY HOUSING"). VICTORY HOUSING USES AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE VICTORY HOUSING BOARD TO ESTABLISH COMPENSATION. FORM 990, PART VI, SECTION A, LINE 3 MARIAN ASSISTED LIVING HAS ENTERED INTO AN AGREEMENT WITH VHI, A RELATED PARTY CORPORATION, IN CONNECTION WITH THE MANAGEMENT OF THE RENTAL OPERATIONS OF THE PROJECT. FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONE CLASS OF MEMBERSHIP WHICH CONSISTS 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 DISCPLINE OF THE ROMAN CATHOLIC CHURCH. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE THE POWER TO ELECT AND REMOVE MEMBERS TO THE BOARD OF DIRECTORS AND FILL VACANCIES THAT MAY OCCUR. FORM 990, PART VI, SECTION A, LINE 7B THE CORPORATE MEMBERS RESERVE TO THEMSELVES AUTHORITY TO AUTHORIZE THE FOLLOWING ACTIONS: (A)THE OVERSIGHT AND AUTHENTICATION OF THE CORPORATION'S MISSION; (B)THE ADOPTION OR AMENDMENT OF A MISSION STATEMENT; (C)THE AMENDMENT OF THE ARTICLES OF INCORPORATION AND THE AMENDMENT OF THE BYLAWS; (D)THE ELECTION AND REMOVAL OF MEMBERS TO THE BOARD OF DIRECTORS AND THE FILLING OF VACANCIES THAT MAY OCCUR; (E)THE APPOINTMENT AND 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, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO BOARD MEMBERS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S RELATED ORGANIZATION, 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. FORM 990, PART VI, SECTION B, LINE 15 THOSE MEMBERS OF THE BOARD FOR WHOM COMPENSATION IS REPORTED IN PART VII OF THIS FORM 990 ARE COMPENSATED BY A RELATED ORGANIZATION, VICTORY HOUSING, INC. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. VICTORY HOUSING INC 6001 EXECUTIVE BLVD SUITE 300 ROCKVILLE MD 20852 521261881 REAL ESTATE MD 501(C)(3) LINE 10 N/A 0 ANDREW KIM HOUSE INC 6001 EXECUTIVE BLVD SUITE 300 ROCKVILLE MD 20852 522219830 REAL ESTATE MD 501(C)(3) LINE 10 VICTORY HSG 0 AVONDALE PARK APARTMENTS INC 6001 EXECUTIVE BLVD SUITE 300 ROCKVILLE MD 20852 522028130 REAL ESTATE MD 501(C)(3) LINE 10 VICTORY HSG 0 BARTHOLOMEW HOUSE INC 6001 EXECUTIVE BLVD SUITE 300 ROCKVILLE MD 20852 521979394 REAL ESTATE MD 501(C)(3) LINE 10 VICTORY HSG 0 BYRON HOUSE INC 6001 EXECUTIVE BLVD SUITE 300 ROCKVILLE MD 20852 521901039 REAL ESTATE MD 501(C)(3) LINE 10 VICTORY HSG 0 CAMBRIDGE APARTMENTS INC 6001 EXECUTIVE BLVD SUITE 300 ROCKVILLE MD 20852 522231301 REAL ESTATE MD 501(C)(3) LINE 10 VICTORY HSG 0 CHEVAL COURT INC 6001 EXECUTIVE BLVD SUITE 300 ROCKVILLE MD 20852 202024019 REAL ESTATE MD 501(C)(3) LINE 10 VICTORY HSG 0 MALTA HOUSE INC 6001 EXECUTIVE BLVD SUITE 300 ROCKVILLE MD 20852 521845215 REAL ESTATE MD 501(C)(3) LINE 10 VICTORY 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