Depaul Properties Inc
- Assets
- $60.0m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 72
- Location
- Rochester, NY
- Founding
- 04/1982
- Data as of
- 12/2021
- EIN
- 22-2389620
Organization Overview
Depaul Properties Inc is located in Rochester, NY. The organization was established in 1982. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Depaul Properties Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Depaul Properties 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 12/2021, Depaul Properties Inc generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $8.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PURCHASES, LEASES, REHABILITATES AND MANAGES REAL PROPERTY USED PRIMARILY BY AFFILIATED ORGANIZATIONS IN THE RESIDENTIAL CARE, CUSTODY AND TREATMENT OF INDIVIDUALS WITH MENTAL ILLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM WAS FORMED TO PURCHASE, LEASE, REHABILITATE, AND MANAGE REAL PROPERTY USED BY AFFILIATED ORGANIZATIONS IN THE RESIDENTIAL CARE, CUSTODY, AND TREATMENT OF INDIVIDUALS WITH MENTAL ILLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Penna Chief Legal Officer | Officer | 40 | $322,835 |
Gillian Conde Vice President | Officer | 40 | $233,735 |
Tracy Vogl Administrator | 40 | $103,215 | |
Gabriel Geiger Secretary | OfficerTrustee | 0.5 | $0 |
Christopher G Humphrey Vice Chair | OfficerTrustee | 0.5 | $0 |
Kevin M Mucci Chairperson | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,970,717 |
| Investment income | $168,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,018,697 |
| 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. | $556,571 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,688,006 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $288,511 |
| Payroll taxes | $207,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,828 |
| Fees for services: Accounting | $46,700 |
| Fees for services: Lobbying | $69,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $306,934 |
| Advertising and promotion | $5,157 |
| Office expenses | $103,323 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $448,491 |
| Travel | $41,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,877 |
| Interest | $875,725 |
| Payments to affiliates | $97,925 |
| Depreciation, depletion, and amortization | $2,074,445 |
| Insurance | $38,786 |
| All other expenses | $99,604 |
| Total functional expenses | $8,068,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,378 |
| Savings and temporary cash investments | $851,441 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $963 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,665 |
| Net Land, buildings, and equipment | $22,709,265 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,124,789 |
| Total assets | $60,046,501 |
| Accounts payable and accrued expenses | $1,193,083 |
| Grants payable | $0 |
| Deferred revenue | $128,571 |
| Tax-exempt bond liabilities | $6,564,055 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,406,468 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,896,073 |
| Total liabilities | $32,188,250 |
| Net assets without donor restrictions | $27,858,251 |
| Net assets with donor restrictions | $0 |
| 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 | $60,046,501 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home Headquarters Inc Syracuse, NY | $61,706,462 | $11,933,384 |
Depaul Properties Inc Rochester, NY | $60,046,501 | $8,018,697 |
Isles Inc Trenton, NJ | $25,476,363 | $9,864,108 |
Beech Interplex Inc Philadelphia, PA | $34,852,112 | $5,583,039 |
Center Communities Of Brookline Inc Boston, MA | $21,612,727 | $5,843,127 |
Crispus Attucks Association Of York Pennsylvania York, PA | $24,303,531 | $5,790,154 |
Hrca Brookline Housing 1550 Beacon Plaza Boston, MA | $18,498,571 | $4,652,823 |
North Shore Community Development Coalition Inc Salem, MA | $17,290,346 | $6,893,056 |
Troy Rehabilitation And Improvement Program Inc Troy, NY | $4,527,116 | $4,140,655 |
Opportunity Headquarters Inc Syracuse, NY | $931,819 | $3,257,864 |
Rebuilding Together-Saratoga County Ballston Spa, NY | $1,364,946 | $2,773,949 |
Mutual Housing Association Of Southwestern Connecticut Inc Trumbull, CT | $16,772,020 | $2,661,661 |