VICTORY HOUSING INC (EIN 521261881) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Principal Officer

LEILA A FINUCANE

Phone

3014936000

Tax Period

2023-07-01 to 2023-12-31

VICTORY HOUSING INC, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Net assets of $30.2M represent 193 months of operating reserves.

Mission

TO PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES TO LOW/MODERATE-INCOME SENIORS AND FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $103,189

Program Service Revenue $1,274,173

Investment Income $447,399

Other Revenue $51,827

TOTAL REVENUE $1,876,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,461,877

Fundraising Expenses $0

Program Expenses $1,701,492

Other Expenses $521,397

TOTAL EXPENSES $1,983,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,876,588	$3,710,507	-0.5%
Expenses	$1,983,274	$5,631,821	-0.6%
Net Income	$-106,686	$-1,921,314	-0.9%

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

278

Volunteers

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

$1,224,239

Total Directors

Key Employees

$510,866

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD C TOMASSO	DIRECTOR	1.00	Director	$0	$0	$0
DONNA GRIGSBY	DIRECTOR	1.00	Director	$0	$0	$0
JANE BELFORD	DIRECTOR	1.00	Director	$0	$0	$0
JAY POPE	DIRECTOR	1.00	Director	$0	$0	$0
JULIE SMITH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MAURICE PERRY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL G GILL	DIRECTOR & CORPORATION TRE	1.00	Officer Director	$0	$0	$0
MSGR ANTONICELLI	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK DUNNE	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP DOWNEY	DIRECTOR	1.00	Director	$0	$0	$0
SHARON WILSON GENO	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA SALVADOR	CONTROLLER	34.00	Officer	$185,270	$28,260	$213,530
LEILA A FINUCANE	PRESIDENT & CEO	34.00	Officer	$411,552	$54,890	$466,442
MICHELLE M LIMERES	CORPORATION VICE PRESIDENT	34.00	Officer	$248,660	$42,407	$291,067
SARAH O'RIELLY INCOMING	VP -FINANCE /CORP. SECRETARY	34.00	Officer	$212,802	$40,398	$253,200
DAREN HESTER	VP, ASSET MANAGEMENT	34.00	Key Emp	$187,334	$37,140	$224,474
JEFFREY BLACKWELL	VP, REAL ESTATE DEVELOPMEN	34.00	Key Emp	$245,203	$41,189	$286,392
ELISABETH ORCHARD	ASSISTED LIVING OPERATIONS DIRECTOR	34.00	Highest	$143,612	$25,644	$169,256
JACQUELINE R SMEDLEY	SENIOR VP, ASSISTED LIVING	34.00	Highest	$280,402	$43,589	$323,991

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	$3,710,507	$5,631,821	$44,020,785	$-1,921,314
2023	$1,876,588	$1,983,274	$44,442,524	$-106,686
2022	$9,895,856	$6,241,056	$43,875,072	$3,654,800
2021	$5,434,326	$3,429,493	$39,333,544	$2,004,833
2020	$6,645,621	$2,728,761	$27,741,365	$3,916,860
2019	$3,699,145	$2,554,853	$22,798,578	$1,144,292
2018	$6,033,082	$3,207,129	$21,617,513	$2,825,953

VICTORY HOUSING INC