St Vincents Development Inc
- Assets
- $26.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Trumbull, CT
- Founding
- 04/1996
- Data as of
- 09/2023
- 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 09/2023, St Vincents Development Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $4.1m during the year ending 09/2023. While expenses have increased by 2.1% per year over the past 8 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
2023
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 |
|---|---|---|---|
Michael Daglio Director & CEO | OfficerTrustee | 2 | $0 |
Thomas Vaccarelli Director & Secretary | OfficerTrustee | 2 | $0 |
Carol Wardell Director & Treasurer | OfficerTrustee | 2 | $0 |
Fred Sorbo III Former Dir & Treas (thru 5/22) | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Go To Services Llc Cleaning Services | 9/29/23 | $772,445 |
John's Asphalt Inc Construction Services | 9/29/23 | $272,080 |
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 | $3,235,566 |
| 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 | $3,269,311 |
| 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 | $191,447 |
| Advertising and promotion | $0 |
| Office expenses | $97,586 |
| Information technology | $168,846 |
| Royalties | $0 |
| Occupancy | $1,695,620 |
| 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 | $98,658 |
| Depreciation, depletion, and amortization | $1,420,847 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,139,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300,180 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,991 |
| 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 | $0 |
| Net Land, buildings, and equipment | $23,189,063 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,957,697 |
| Total assets | $26,550,931 |
| Accounts payable and accrued expenses | $502,649 |
| 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 | $2,576,720 |
| Total liabilities | $3,079,369 |
| Net assets without donor restrictions | $23,471,562 |
| 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 | $26,550,931 |