Nonprofit · EIN 81-4374435
VICTORY HOMES
Tax-exempt · LYNWOOD, IL 60411
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,763,125 | $1,472,852 | $290,273 | $900,029 | $93,387 | $806,642 |
| December 31, 2023 | 990 | $1,721,727 | $1,315,802 | $405,925 | $578,288 | $61,919 | $516,369 |
| December 31, 2022 | 990 | $793,037 | $702,690 | $90,347 | $215,693 | $105,249 | $110,444 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,763,125
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $380,550
- Other salaries and wages
- $703,453
- Salaries, compensation and benefits (total)
- $1,144,893
- Professional fundraising fees
- $0
- Accounting fees
- $14,441
- Occupancy
- $83,701
- Travel
- $2,474
- Depreciation
- $3,036
- Program services (functional)
- $1,399,209
- Management and general (functional)
- $73,643
Balance sheet and other
- Total assets, start of year
- $578,288
- Total assets, end of year
- $900,029
- Total liabilities, end of year
- $93,387
- Net assets, end of year
- $806,642
- Land, buildings and equipment
- $3,036
- Net assets without donor restrictions
- $806,642
- Gross receipts
- $1,763,125
- Employees
- 0
- State of legal domicile
- IL
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 |
|---|---|---|---|
| ABIMBOLA OGUNLOLA | CEO Trustee or director, Officer | 40 | $246,514 |
| TITILAYO DISU | CFO Trustee or director, Officer | 40 | $131,150 |
| Elijah Ige | President Trustee or director | 0 | $0 |
| Basirat Oyebiyi | Chairman Trustee or director | 0 | $0 |
| Titilayo Osinubi | Secretary Trustee or director | 0 | $0 |
| Festus Kufuriji | Treasurer Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TITILAYO DISU | CFO Trustee or director, Officer | 40 | $0 |
| ABIMBOLA OGUNLOLA | CEO Trustee or director, Officer | 40 | $0 |
| Elijah Ige | President Trustee or director | 0 | $0 |
| Basirat Oyebiyi | Chairman Trustee or director | 0 | $0 |
| Titilayo Osinubi | Secretary Trustee or director | 0 | $0 |
| Festus Kufuriji | Treasurer Trustee or director | 0 | $0 |
990 for the year ended December 31, 2022: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ABIMBOLA OGUNLOLA | CEO Trustee or director, Officer | 40 | $106,000 |
| TITILAYO DISU | CFO Trustee or director, Officer | 40 | $100,000 |
| Elijah Ige | President Trustee or director | 0 | $0 |
| Basirat Oyebiyi | Chairman Trustee or director | 0 | $0 |
| Titilayo Osinubi | Secretary Trustee or director | 0 | $0 |
| Festus Kufuriji | Treasurer Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 20139 DRIFTWOOD AVE, LYNWOOD, IL 60411-6812
- In care of
- % ABIMBOLA OGUNLOLA
- Principal officer (990 for 2024)
- ABIMBOLA OGUNLOLA, 20139 Driftwood Ave, Lynwood, IL 60411
- Signed the 990
- TITILAYO DISU, CFO
- Phone
- (773) 507-3932
- Return prepared by
- Amana Consulting International LLC
Mission
THE ORGANIZATION IS BASED ON TAKING CARE OF PEOPLE WITH DEVELOPMENTAL DISABILITY
Program accomplishments
- EFFECTIVELY PROMOTED A LEARNING ENVIRONMENT FOR PEOPLE WITH DISABILITIES, ASSISTED THEM WITH ACTIVITIES OF DAILY LIVING, AND SUCCESSFULLY INTEGRATED THEM WITH THE COMMUNITY.Expenses $1,399,209
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
- 81-4374435
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $900,029
- Income (IRS master file)
- $1,763,125
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,763,125 | $1,472,852 | $900,029 | IRS |
| 990 | December 2023 | $1,721,727 | $1,315,802 | $578,288 | XML |
| 990 | December 2022 | $793,037 | $702,690 | $215,693 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 81-4374435).
Questions about VICTORY HOMES
- What is the EIN of VICTORY HOMES?
- The employer identification number (EIN) of VICTORY HOMES is 81-4374435.
- Is VICTORY HOMES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to VICTORY HOMES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VICTORY HOMES 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 HOMES 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 HOMES 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 HOMES?
- The 990 for the year ended December 31, 2024 names ABIMBOLA OGUNLOLA.
- Who are the officers and directors of VICTORY HOMES?
- The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $246,514 (ABIMBOLA OGUNLOLA, CEO).
- How much revenue does VICTORY HOMES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,763,125, expenses of $1,472,852 and total assets of $900,029 at year end.
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