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Maryland · Nonprofit

VICTORY HOUSING INC

VICTORY HOUSING INC (Maryland) receives grants from 9 organizations whose IRS filings report $381,590 to it, the largest being TD CHARITABLE FOUNDATION ($135,000). 4 of them have funded it in more than one year.

Revenue FY2024
$9.9M
Funders on record
9
Grants received
$382k
Net assets
$28M
4/9 repeat funderspeak grant-dependency 2%
01What it does

What Victory Housing Inc does

Mission

To provide affordable housing and related services to low- and moderate-income senior citizens and families.

As stated on its FY2024 Form 990.

Program

  1. Asset management of affordable housing projects & affordable housing project development

    $8,285,747 spentof which $73,103 as grants$4,625,673 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $8,285,747.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($3.2M) Expenses 100 ($2.1M) Net assets 100 ($13M)2018 Revenue 190 ($6.0M) Expenses 153 ($3.2M) Net assets 125 ($16M)2019 Revenue 117 ($3.7M) Expenses 122 ($2.6M) Net assets 133 ($17M)2020 Revenue 210 ($6.6M) Expenses 130 ($2.7M) Net assets 163 ($20M)2021 Revenue 171 ($5.4M) Expenses 164 ($3.4M) Net assets 231 ($29M)2022 Revenue 312 ($9.9M) Expenses 298 ($6.2M) Net assets 249 ($31M)2023 Revenue 59 ($1.9M) Expenses 95 ($2.0M) Net assets 241 ($30M)2024 Revenue 313 ($9.9M) Expenses 439 ($9.2M) Net assets 221 ($28M)
'17'18'19'20'21'22'23'24
Revenue (313)Expenses (439)Net assets (221)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $44M to $67M (+51%).

$18M
$22M
$23M
$28M
$39M
$44M
$44M
$67M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2018 30% · 2020 23% · 2021 0% · 2022 17% · 2024 5%. Grants only. Government contracts and fees sit inside program revenue.

24% of VICTORY HOUSING INC’s revenue is contributions — about as donation-reliant as the typical peer (39% for the typical peer).

This organization
Typical peer · 4,214 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.

$1.1M
’17
$2.8M
’18
$1.1M
’19
$3.9M
’20
$2.0M
’21
$3.7M
’22
−$107k
’23
$729k
’24
14
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Leila A Finucane

President & CEO

Board chair

Michael G Gill

Chair

As listed on its FY2024 Form 990.

The chief executive listed changed between the FY2020 and FY2021, and between the FY2021 and FY2022 filings.

'17'18'19'20'21'22'23'24
Listed1918172120221921
Joined·+3+2+6+4+7+4+6
No longer listed·4325574
03Who funds it

Who funds it, year by year

2019 → 2023: the base held at 1 funder, grant income fell $35k → $41.

4 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 35% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $2.7M from 6 payers (the payer shares this organization's board, largest Bartholomew House Inc). These are real filings, and they are not money VICTORY HOUSING INC raised.

From the IRS filings of VICTORY HOUSING INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

VICTORY HOUSING INC leans on a few funders — its largest provides 35% of grant income and the top three 74%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

35% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund VICTORY HOUSING INC.

35%
largest funder
74%
top three
~4
effective funders

Largest funder’s share by year: 2019 100% · 2020 84% · 2021 60% · 2022 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

0% of VICTORY HOUSING INC's funders are still giving 2 years after their first grant; 44% give in more than one year at all.

first grant+1y+2y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

VICTORY HOUSING INC draws 99% of its grant income from funders outside Maryland, across 4 states in all.

ME
MD
NC
DC

In-state vs out-of-state, by year

’19
’20
’21
Maryland out of state home

Funder states come from each funder’s own filing. $134k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

VICTORY HOUSING INC holds deeper cash reserves than three-quarters of the 3,978 housing & shelter nonprofits its size.

Operating margin7% · above the median
Months of reserve14.4mo · top quartile
Revenue growth (annualized)18% · top quartile

this organization peer median middle 50% of peers· 3,978 housing & shelter nonprofits $1M–$10M, FY2024

Organizations like VICTORY HOUSING INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Maryland

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

90% of spending goes to programs.

Program 90%Management 10%Fundraising 0%

Governance

11
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

65%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MD

Part of a family of 63 related entities

  • Parkfair Associates LLC · disregarded
  • Victory Enterprises Inc · disregarded
  • Victory-Hampshire LLC · disregarded
  • Ccs-St Martin's Apartments LLC · disregarded
  • Victory Summit LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for VICTORY HOUSING INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds VICTORY HOUSING INC?
VICTORY HOUSING INC (Maryland) receives grants from 9 organizations whose IRS filings report $381,590 to it, the largest being TD CHARITABLE FOUNDATION ($135,000). 4 of them have funded it in more than one year.
How many funders does VICTORY HOUSING INC have?
IRS filings report 9 organizations giving $381,590 in grants to VICTORY HOUSING INC, 4 of which have funded it in more than one year.
Who is the largest funder of VICTORY HOUSING INC?
TD CHARITABLE FOUNDATION is the largest funder on record, with $135,000 in grants. The full list of funders is on this page.
How can an organization like VICTORY HOUSING INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing