VICTORY ONE HOUSING DEVELOPMENT FUND CORPORATION Charity Report

Public IRS 990 nonprofit record

VICTORY ONE HOUSING DEVELOPMENT FUND CORPORATION

EIN 11-3755386 · Housing & Shelter (L200)

What they do

PROVIDE HOUSING for THE ELDERLY UNDER SECTION 202 of THE NATIONAL HOUSING ACT and REGULATED BY THE US DEPT. of HUD.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $81.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

75.76%of revenue went to mission work81.6% of expenses · Program services

$92.82spent for every $100 of revenueRevenue covered expenses this year.

17.06%of revenue went to management and office costs18.4% of expenses

$1.44in assets for every $1 spent this yearSome assets cannot be spent right away.

82.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,365,632

Mission workProgram services$1,792,09775.76% of revenue81.6% of expenses

ManagementOffice and general costs$403,63617.06% of revenue18.4% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$169,8997.18% of revenueShown in gray on the chart

Total expenses$2,195,73392.82% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 81.6% mission · 18.4% management · 0.0% fundraisingTotal expenses: 92.82% of revenue

2023Expense mix: 88.0% mission · 12.0% management · 0.0% fundraisingTotal expenses: 111.53% of revenue

2022Expense mix: 88.1% mission · 11.9% management · 0.0% fundraisingTotal expenses: 148.23% of revenue

2021Expense mix: 87.4% mission · 12.6% management · 0.0% fundraisingTotal expenses: 141.90% of revenue

2020Expense mix: 86.1% mission · 13.9% management · 0.0% fundraisingTotal expenses: 135.51% of revenue

2019Expense mix: 88.4% mission · 11.6% management · 0.0% fundraisingTotal expenses: 84.57% of revenue

2018Expense mix: 87.5% mission · 12.5% management · 0.0% fundraisingTotal expenses: 142.79% of revenue

2017Expense mix: 87.1% mission · 12.9% management · 0.0% fundraisingTotal expenses: 133.82% of revenue

Money in and money out

Revenue$2,365,632

Expenses$2,195,733

Annual surplus $169,899 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,792,097 · 81.6% of expenses

Management and office costs$403,636 · 18.4% of expenses

See all reported dollar amounts

Revenue$2,365,632

Expenses$2,195,733

Assets$3,151,404

Income$2,365,632

Contributions$1,957,469

Mission work (program services)$1,792,097

Management and general$403,636

Accounting fees$41,938

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (17)

REV EVA G DUZANTTREASURER

VIRGINIA M MONTAGUEMEMBER

REV WENDY J KELLY-CARTERMEMBER

REV SHEPHERD LEE SR3RD VICE CHA

REV SHEPHERD LEE SR3

REV NIGEL PEARCE1ST VICE CHA

REV KEITH WILLIAM ROBERSONCHAIRPERSON

REV JOHN L SCOTTASSIST. SECR

REV GREGORY A MERRIWEATHER JRMEMBER

DEACON RODNEY A BECKFORDMEMBER

REV DR LOREN J RUSSELLMEMBER

REV DR KIMBERLY HOLMES ESQMEMBER

REV DR GAIL F BADGERMEMBER

MALCOLM A PUNTERPRESIDENT/CE

IMAM TALIB ABDUR RASHIDCORPORATE SE

GEORGE H WELDON JR2ND VICE CHA

DEBRA WASHINGTON MBAASSISTANT TR

About this charity

Recognized since: January 1995
Location: 1776 EASTCHESTER RD STE 210, BRONX, NY 10461-2334
County: New York
In care of: % PRESTIGE MANAGEMENT INC
Primary officer: MALCOLM A PUNTER, PRESIDENT/CEO

How to reach them

WebsiteVisit the charity’s website Phone(212) 281-4887

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: VARGAS & RIVERA CPAS LLP
NTEE classification: Housing & Shelter (L200)