Victory Heights Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

Leila A Finucane

Tax Period

2022-07-01 to 2023-06-30

Victory Heights Inc, founded in 2002, is a small nonprofit that reported $918K in total revenue in fiscal year 2022. Expenses of $1.1M exceeded revenue, resulting in a 23% operating deficit.

Mission

Affordable housing and services

Program Service Accomplishments

Program 1

Expenses: $1,049,088

75 rental apartment units providing affordable housing and related social services to very-low-income independent senior citizens.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $916,056

Investment Income $1,877

Other Revenue $0

TOTAL REVENUE $917,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,722

Fundraising Expenses $0

Program Expenses $1,049,088

Other Expenses $946,641

TOTAL EXPENSES $1,129,363

Year-over-Year Comparison

	2022	2021	Change
Revenue	$917,933	$908,007	+0.0%
Expenses	$1,129,363	$1,089,327	+0.0%
Net Income	$-211,430	$-181,320	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,403,489

Total Directors

$966,613

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leila A Finucane	President & CEO	1.00	Officer	$0	$47,410	$436,876
Jacqueline R Smedley	Vice President	1.00	Officer Director	$0	$32,393	$301,808
Michelle M Limeres	Treasurer	1.00	Officer Director	$0	$40,020	$278,061
Jeffrey Blackwell	Asst Secretary	1.00	Officer Director	$0	$39,711	$269,907
Sarah ORielly	Secretary	1.00	Officer Director	$0	$20,428	$116,837
Donald Tomasso	Director	0.50	Director	$0	$0	$0
Michael Gill	Director	0.50	Director	$0	$0	$0
James Pope	Director	0.50	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$917,933	$1,129,363	$9,903,740	$-211,430
2023	$483,546	$568,730	$9,785,069	$-85,184
2022	$908,007	$1,089,327	$10,100,057	$-181,320
2021	$883,399	$1,161,536	$10,358,090	$-278,137
2020	$804,830	$975,245	$10,499,798	$-170,415
2019	$724,090	$916,231	$10,680,313	$-192,141