Victory Programs Inc
- Assets
- $13.5m
- Revenue
- $20.5m
- Investments
- $0.0
- Employees
- 321
- Location
- Boston, MA
- Founding
- 06/1976
- Data as of
- 06/2022
- EIN
- 04-2575322
Organization Overview
Victory Programs Inc is located in Boston, MA. The organization was established in 1976. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Victory Programs Inc employed 321 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory Programs Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Victory Programs Inc generated $20.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $18.6m during the year ending 06/2022. While expenses have increased by 6.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
VICTORY PROGRAMS OPENS DOORS TO RECOVERY, HOPE AND COMMUNITY FOR INDIVIDUALS AND FAMILIES FACING HOMELESSNESS, ADDICTION OR OTHER CHRONIC ILLNESS. WE ACCOMPLISH OUR MISSION THROUGH TWO DIVISIONS: VICTORY HEALTH AND VICTORY HOUSING. WE SPECIALIZE IN PROVIDING INNOVATIVE CARE AND SERVICES FOR VULNERABLE POPULATIONS IN AN URBAN SETTING, OUR PROGRAMMING INCLUDES RESIDENTIAL TREATMENT AND SUPPORTIVE HOUSING SERVICES TO MORE THAN 1,000 MEN, WOMEN AND CHILDREN EACH YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTIVE HOUSING - THE SUPPORTIVE HOUSING DIVISION PROVIDES COUNSELING AND CASE MANAGEMENT IN FAMILY SHELTER, TRANSITIONAL AND PERMANENT HOUSING PROGRAMS FOR INDIVIDUALS AND FAMILIES WHO MAY ALSO BE HOMELESS OR RECOVERING FROM ADDICTION AND/OR HIV/AIDS.
RESIDENTIAL SERVICES - THE RESIDENTIAL SERVICES DIVISION PROVIDES RECOVERING HOMES AND PROGRAMS FOR INDIVIDUALS AND THEIR FAMILIES RECOVERING FROM ADDICTION AND/OR HIV/AIDS.
CLIENT SERVICES - THE CLIENT SERVICES DIVISION PROVIDES MEALS, PREVENTION, EDUCATION AND TRAINING, CHILD CARE SUPPORT, VOLUNTEER COORDINATION, OUTREACH, SOCIAL ENTERPRISES, SUPPORT AND WELLNESS SERVICES REGARDING HIV AND ADDICTION TO ADULTS AND FAMILIES IN RESIDENTIAL TREATMENT, SHELTERS, PROGRAMS, CORRECTIONAL FACILITIES, COMMUNITY HEALTH CENTERS AND HOUSING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Porter Executive Director | Officer | 40 | $181,290 |
Deborah Edison Chief Development Director | 40 | $129,419 | |
Christopher Lawrence Chief Financial Officer | Officer | 40 | $120,834 |
Cecile Durham Chief Hr Officer | 40 | $108,911 | |
Melinda Giovengo Chief Of Programs | Officer | 40 | $23,365 |
Steven Lipiner Board Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $126,970 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,945,865 |
| Noncash contributions included in lines 1a–1f | $141,763 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,072,835 |
| Total Program Service Revenue | $18,317,339 |
| Investment income | $1,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,640 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,494,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $334,244 |
| Compensation of current officers, directors, key employees. | $227,701 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,820,246 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $752,499 |
| Payroll taxes | $837,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,753 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $879,333 |
| Advertising and promotion | $30,396 |
| Office expenses | $346,689 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,244,250 |
| Travel | $23,009 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,349 |
| Interest | $34,965 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $468,683 |
| Insurance | $0 |
| All other expenses | $141,763 |
| Total functional expenses | $18,584,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,838,274 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $120,114 |
| Accounts receivable, net | $2,518,509 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,669 |
| Prepaid expenses and deferred charges | $200,441 |
| Net Land, buildings, and equipment | $8,397,496 |
| Investments—publicly traded securities | $314,990 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,966 |
| Total assets | $13,484,459 |
| Accounts payable and accrued expenses | $1,254,523 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,706,335 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,835 |
| Total liabilities | $7,978,693 |
| Net assets without donor restrictions | $5,400,171 |
| Net assets with donor restrictions | $105,595 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,484,459 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Victory Programs Inc has recieved totaling $37,515.
| Awarding Organization | Amount |
|---|---|
Franklin Square House Belmont, MA PURPOSE: HOUSING AND SHELTER GRANTS | $37,515 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Connection Inc Middletown, CT | $7,357,877 | $41,021,166 |
Fortune Society Inc Long Island City, NY | $19,683,060 | $41,268,534 |
Vocational Instruction Project Community Services Inc Bronx, NY | $67,586,473 | $41,799,311 |
Palladia Inc New York, NY | $12,909,216 | $37,934,370 |
Rushford Center Inc Meriden, CT | $17,459,566 | $30,918,897 |
Odyssey House Inc New York, NY | $54,299,421 | $30,044,456 |
Gosnold Inc Falmouth, MA | $11,214,398 | $30,130,611 |
Start Treatment & Recovery Centers Inc Brooklyn, NY | $64,939,677 | $26,462,525 |
Gateway Healthcare Inc Providence, RI | $13,387,913 | $29,233,767 |
High Watch Recovery Center Inc Kent, CT | $58,339,466 | $32,591,773 |
Outreach Development Corporation Richmond Hill, NY | $34,164,893 | $25,029,359 |
Phoenix Houses Of Long Island Inc Brentwood, NY | $41,818,145 | $46,124,505 |