VICTORY GARDENS INC % THE COMMUNITY BUILDERS INC

EIN: 522366069 501(c)(3) Housing & Shelter

BOSTON, MA

Total Revenue
$716,828
Total Expenses
$841,605
Total Assets
$2,916,348
Net Assets
$2,772,021
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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
CT
Principal Officer
THOMAS BUONOPANE
Phone
8572218600
Tax Period
2024-07-01 to 2025-06-30

VICTORY GARDENS INC % THE COMMUNITY BUILDERS INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $717K in total revenue in fiscal year 2024. Expenses of $842K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE LOW INCOME ELDERLY PERSONS WITH AFFORDABLE HOUSING

Program Service Accomplishments

Program 1
Expenses: $781,394 Revenue: $224,168

TO PROVIDE LOW INCOME ELDERLY PERSONS WITH HOUSING FACILITIES ON AN AFFORDABLE BASIS, AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH...

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TO PROVIDE LOW INCOME ELDERLY PERSONS WITH HOUSING FACILITIES ON AN AFFORDABLE BASIS, AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $491,737
Program Service Revenue $221,409
Investment Income $923
Other Revenue $2,759
TOTAL REVENUE $716,828

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $781,394
Other Expenses $841,605
TOTAL EXPENSES $841,605

Year-over-Year Comparison

2024 2023 Change
Revenue $716,828 $674,590 +0.1%
Expenses $841,605 $758,350 +0.1%
Net Income $-124,777 $-83,760 +0.5%
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

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Governance

Voting Members
2
Independent Members
N/A
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
2
$594,623
Total Directors
2
$594,623
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
D MORGAN WILSON DIRECTOR, TREASURER/SECRET 0.10
Officer Director
$0 $45,315 $303,058
THOMAS BUONOPANE DIRECTOR, PRESIDENT 0.10
Officer Director
$0 $44,553 $291,565
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
2025 $716,828 $841,605 $2,916,348 $-124,777
2024 $674,590 $758,350 $3,030,359 $-83,760
2023 $580,444 $658,288 $3,095,938 $-77,844
2022 $578,025 $684,102 $3,175,943 $-106,077
2021 $568,765 $548,396 $3,269,126 $20,369
2020 $508,327 $617,617 $3,384,405 $-109,290
2019 $474,512 $605,584 $3,480,073 $-131,072
2018 $491,450 $632,591 $3,610,718 $-141,141
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