Nonprofit · EIN 52-1261881
VICTORY HOUSING INC
Tax-exempt · ROCKVILLE, MD 20852
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,930,815 | $9,202,195 | $728,620 | $67,256,334 | $39,587,650 | $27,668,684 |
| December 31, 2023 | 990 | $1,876,588 | $1,983,274 | -$106,686 | $44,442,524 | $14,204,086 | $30,238,438 |
| June 30, 2023 | 990 | $3,710,507 | $5,631,821 | -$1,921,314 | $44,020,785 | $14,042,700 | $29,978,085 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,350,621
- of which government grants
- $483,915
- Program service revenue
- $4,519,762
- Investment income
- $2,954,521
- Net gain from sales of assets
- $2,954,521
- Other revenue
- $105,911
Expenses
- Grants and similar amounts paid
- $73,103
- Compensation of officers, directors and key employees
- $1,542,131
- Other salaries and wages
- $1,650,196
- Salaries, compensation and benefits (total)
- $3,612,102
- Professional fundraising fees
- $0
- Legal fees
- $16,534
- Accounting fees
- $62,138
- Occupancy
- $352,278
- Travel
- $17,258
- Depreciation
- $589,266
- Program services (functional)
- $8,285,747
- Management and general (functional)
- $908,843
- Fundraising (functional)
- $7,605
Balance sheet and other
- Total assets, start of year
- $44,442,524
- Total assets, end of year
- $67,256,334
- Total liabilities, end of year
- $39,587,650
- Net assets, end of year
- $27,668,684
- Land, buildings and equipment
- $20,275,746
- Publicly traded securities
- $15,128,639
- Net assets without donor restrictions
- $27,464,065
- Net assets with donor restrictions
- $204,619
- Gross receipts
- $10,146,716
- Employees
- 296
- Volunteers
- 11
- Year formed
- 1979
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEILA A FINUCANE | PRESIDENT & CEO Officer | 34 | $425,574 | $54,018 |
| JACQUELINE R SMEDLEY | SENIOR VP, ASSISTED LIVING Highest-paid employee | 34 | $288,368 | $43,175 |
| MICHELLE M LIMERES | CORPORATION VICE PRESIDENT Officer | 34 | $256,926 | $43,947 |
| JEFFREY BLACKWELL | VP, REAL ESTATE DEVELOPMENT Key employee | 34 | $253,360 | $41,004 |
| SARAH O'RIELLY | VP -FINANCE /CORP. SECRETARY Officer | 34 | $227,699 | $42,254 |
| ALEXANDRA SALVADOR | CONTROLLER Highest-paid employee | 34 | $198,332 | $30,174 |
| DAREN HESTER | VP, ASSET MANAGEMENT Highest-paid employee | 34 | $181,580 | $36,157 |
| TODD DORIEN INCOMING | VP, STRATEGY AND SUSTAINABILITY Key employee | 34 | $176,250 | $21,099 |
| ALIMATU KARGBO | VP, ASSISTED LIVING CLINIC Highest-paid employee | 0 | $158,802 | $19,420 |
| DAVID BROWN | PROJECT MANAGER Highest-paid employee | 34 | $150,708 | $26,879 |
| CATHERINE HILBUSH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONALD C TOMASSO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONNA GRIGSBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANE BELFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY POPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE SMITH | DIRECTOR Trustee or director | 1 | $0 |
| MARIA DAY-MARSHALL | DIRECTOR Trustee or director | 1 | $0 |
| MAURICE PERRY | DIRECTOR & CORPORATION TRE Trustee or director, Officer | 1 | $0 |
| MICHAEL G GILL | CHAIR Trustee or director, Officer | 1 | $0 |
| PHILIP DOWNEY | DIRECTOR Trustee or director | 1 | $0 |
| SHARON WILSON GENO | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEILA A FINUCANE | PRESIDENT & CEO Officer | 34 | $411,552 | $54,890 |
| JACQUELINE R SMEDLEY | SENIOR VP, ASSISTED LIVING Highest-paid employee | 34 | $280,402 | $43,589 |
| MICHELLE M LIMERES | CORPORATION VICE PRESIDENT Officer | 34 | $248,660 | $42,407 |
| JEFFREY BLACKWELL | VP, REAL ESTATE DEVELOPMEN Key employee | 34 | $245,203 | $41,189 |
| SARAH O'RIELLY INCOMING | VP -FINANCE /CORP. SECRETARY Officer | 34 | $212,802 | $40,398 |
| DAREN HESTER | VP, ASSET MANAGEMENT Key employee | 34 | $187,334 | $37,140 |
| ALEXANDRA SALVADOR | CONTROLLER Officer | 34 | $185,270 | $28,260 |
| ELISABETH ORCHARD | ASSISTED LIVING OPERATIONS DIRECTOR Highest-paid employee | 34 | $143,612 | $25,644 |
| DONALD C TOMASSO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONNA GRIGSBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANE BELFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY POPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE SMITH | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MAURICE PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL G GILL | DIRECTOR & CORPORATION TRE Trustee or director, Officer | 1 | $0 | $0 |
| MSGR ANTONICELLI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK DUNNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHILIP DOWNEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON WILSON GENO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEILA A FINUCANE | PRESIDENT & CEO Officer | 34 | $389,466 | $47,410 |
| JACQUELINE R SMEDLEY | SENIOR VP, ASSISTED LIVING Highest-paid employee | 34 | $269,415 | $32,393 |
| MICHELLE M LIMERES | SENIOR VICE PRESIDENT, ACCOUNTING & ADMINISTRATION Officer | 34 | $238,041 | $40,020 |
| JEFFREY BLACKWELL | VP, REAL ESTATE DEVELOPMEN Key employee | 34 | $230,196 | $39,711 |
| ELISABETH ORCHARD | ASSISTED LIVING OPERATIONS DIRECTOR Highest-paid employee | 34 | $138,962 | $25,086 |
| LORNA DESAULNIERS | WELLNESS NURSE Highest-paid employee | 40 | $123,240 | $15,237 |
| DANIEL LUKOMSKY | ASSET MANAGEMENT DIRECTOR Highest-paid employee | 40 | $123,054 | $14,826 |
| SARAH O'RIELLY | VICE PRESIDENT, FINANCE Officer | 34 | $96,409 | $20,428 |
| EDWARD CRESKOFF | FORMER CORPORATE SECRETARY Former | 34 | $103,259 | $11,825 |
| DONALD C TOMASSO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONNA GRIGSBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANE BELFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY POPE | DIRECTOR (AS OF 1/1/23) Trustee or director | 1 | $0 | $0 |
| JULIE SMITH | CHAIRMAN (AS OF 12/31/22) Trustee or director, Officer | 1 | $0 | $0 |
| MAURICE PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL G GILL | DIRECTOR & CORPORATION TRE Trustee or director, Officer | 1 | $0 | $0 |
| MSGR ANTONICELLI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK DUNNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHILIP DOWNEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON WILSON GENO | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11400 ROCKVILLE PIKE STE 505, ROCKVILLE, MD 20852-3022
- In care of
- % PASTOR
- Principal officer (990 for 2024)
- LEILA A FINUCANE, 6001 EXECUTIVE BLVD SUITE 300, ROCKVILLE, MD 20852
- Signed the 990
- LEILA A FINUCANE, CEO/PRESIDENT
- Phone
- (301) 493-6000
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
TO PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES TO LOW- AND MODERATE-INCOME SENIOR CITIZENS AND FAMILIES.
Program accomplishments
- ASSET MANAGEMENT OF AFFORDABLE HOUSING PROJECTS & AFFORDABLE HOUSING PROJECT DEVELOPMENTExpenses $8,285,747 · grants $73,103 · revenue $4,625,673
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1261881
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $67,256,334
- Income (IRS master file)
- $10,146,716
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,930,815 | $9,202,195 | $67,256,334 | IRS |
| 990 | December 2023 | $1,876,588 | $1,983,274 | $44,442,524 | XML |
| 990 | June 2023 | $3,710,507 | $5,631,821 | $44,020,785 | XML |
| 990 | June 2022 | $9,895,856 | $6,241,056 | $43,875,072 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1261881).
Questions about VICTORY HOUSING INC
- What is the EIN of VICTORY HOUSING INC?
- The employer identification number (EIN) of VICTORY HOUSING INC is 52-1261881.
- Is VICTORY HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to VICTORY HOUSING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VICTORY HOUSING INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VICTORY HOUSING INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VICTORY HOUSING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VICTORY HOUSING INC?
- The 990 for the year ended December 31, 2024 names LEILA A FINUCANE.
- Who are the officers and directors of VICTORY HOUSING INC?
- The 990 for the year ended December 31, 2024 lists 21 people; 10 received compensation from the organization, the highest $425,574 (LEILA A FINUCANE, PRESIDENT & CEO).
- How much revenue does VICTORY HOUSING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,930,815, expenses of $9,202,195 and total assets of $67,256,334 at year end.
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