St Vincents Development Inc
- Assets
- $27.9m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Trumbull, CT
- Founding
- 04/1996
- Data as of
- 09/2021
- EIN
- 22-2554128
Organization Overview
St Vincents Development Inc is located in Trumbull, CT. The organization was established in 1996. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2021, St Vincents Development Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.7m during the year ending 09/2021. While expenses have increased by 0.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MANAGE BUILDINGS AND PROVIDE FACILITIES FOR ST. VINCENT'S HEALTH SERVICES CORP AND AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL INCOME FROM MANAGING BUILDINGS FOR AND PROVIDING FACILITIES TO ST. VINCENT'S HEALTH SERVICES CORP AND ITS AFFILIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Vaccarelli Director & Secretary | OfficerTrustee | 2 | $0 |
Tracy Church Director & CEO | OfficerTrustee | 2 | $0 |
Fred Sorbo Director & Teasurer | OfficerTrustee | 2 | $0 |
Chritopher Given Former Treasurer | 0 | $0 | |
Christopher Willey Former Director | 0 | $0 | |
Dianne Auger Former VP & Secretary | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Innovative Cleaning & Restoration Llc Building Maintenance And Repair Services | 9/29/16 | $124,462 |
Antony Fuentes Dba Unlimited Painting Building Maintenance And Repair Services | 9/29/16 | $136,985 |
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 | $3,375,168 |
| Investment income | $0 |
| 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 | $3,404,975 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $143,658 |
| Advertising and promotion | $0 |
| Office expenses | $127,170 |
| Information technology | $110,004 |
| Royalties | $0 |
| Occupancy | $1,770,562 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $92,100 |
| Depreciation, depletion, and amortization | $1,024,378 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,700,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300,435 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,399 |
| 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 | $12,602 |
| Net Land, buildings, and equipment | $24,307,177 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,229,674 |
| Total assets | $27,854,287 |
| Accounts payable and accrued expenses | $399,120 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,273,984 |
| Total liabilities | $3,673,104 |
| Net assets without donor restrictions | $24,181,183 |
| 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 | $27,854,287 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Vincents Development Inc has recieved totaling $7,100.
| Awarding Organization | Amount |
|---|---|
St Vincents Foundation Inc Bridgeport, CT PURPOSE: GENERAL SUPPORT | $7,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Womens Prison Association And Home New York, NY | $6,652,586 | $9,309,545 |
Homes For The Homeless Institute Inc New York, NY | $69,885,275 | $9,054,313 |
Initiative For A Competitive Inner City Inc Roxbury, MA | $11,137,097 | $6,700,624 |
Spring Meadows Association Of Responsible Tenants Inc Springfield, MA | $14,323,481 | $4,117,328 |
St Vincents Development Inc Trumbull, CT | $27,854,287 | $3,404,975 |
Mutual Housing Association Of Greater Hartford Inc Hartford, CT | $35,173,874 | $3,634,828 |
Homeownership Affordability Trust Fund Providence, RI | $111,238,696 | $1,978,717 |
Urban Homeownership Corp New York, NY | $1,496,101 | $1,881,775 |
Building Owners And Managers Association Of Greater New York B New York, NY | $3,005,269 | $2,303,444 |
Newvue Affordable Housing Corporation Fitchburg, MA | $9,905,411 | $1,607,987 |
Joseph M Dassern Housing Corporation Dobbs Ferry, NY | $2,857,520 | $1,210,558 |
Woodridge Lake Property Owners Assoc Inc Goshen, CT | $4,741,298 | $1,466,454 |