St Vincent's Development INC

Not tax-deductible

Trumbull, CTMutual-benefit / member-servingSince 1985EIN 22-2554128

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $297K a year · 10% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.7M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
-2% vs prior year
Spent
$3.1M
Net assets
$22.3M
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▼ -2%
Revenue by fiscal year
FY2020$2.3M
FY2021$3.4M
FY2022$3.4M
FY2023$3.3M
FY2024$2.8M
FY2024$2.7M
Expenses
$3.1M
FY2024▼ -13%
Expenses by fiscal year
FY2020$2.0M
FY2021$3.7M
FY2022$3.3M
FY2023$4.1M
FY2024$3.6M
FY2024$3.1M
Net assets
$22.3M
FY2024▼ -2%
Net assets by fiscal year
FY2020$24.5M
FY2021$24.2M
FY2022$24.3M
FY2023$23.5M
FY2024$22.7M
FY2024$22.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director & Secretary (thru 3/25)
$0Pt VII · Sec A
Director & Treasurer
$0Pt VII · Sec A
Director & Secretary New Fy25
$0Pt VII · Sec A
See St Vincent's Development INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages and provides facilities for healthcare services.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2024.
01

Rental income from managing buildings for and providing facilities to St. Vincent's Health Services Corp and its affiliates.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2019
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.7M
Other incomeLn 4–11$20K
Money outPt IX
$3.1M
Ln 25
Owns and owesPt X
$22.3M
net assets · Ln 32
Cash and savingsLn 1–2$169K
Total assetsLn 16$25.0M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.7M
Other incomeLn 4–11$20K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$169K
Cash and savings togetherLn 1–2$169K
Land, buildings, equipmentLn 10c$21.0M
Other assetsLn 15$3.7M
Total assetsLn 16$25.0M
LiabilitiesLn 26$2.7M
Net assetsLn 32$22.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$300K$169K
Land, buildings, equipmentLn 10c$21.9M$21.0M
Total assetsLn 16$25.6M$25.0M
LiabilitiesLn 26$2.9M$2.7M
Net assetsLn 32$22.7M$22.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$79K
Office expensesLn 13$57K
Information technologyLn 14$138K
OccupancyLn 16$1.2M
Payments to affiliatesLn 21$67K
Depreciation, depletion and amortizationLn 22$868K
Other expenses (24a–d)Ln 24$720K
Total functional expensesLn 25$3.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.8M$3.6M−$827K$22.7M 990 PDF
FY2023 $3.3M$4.1M−$870K$23.5M 990 PDF
FY2022 $3.4M$3.3M$161K$24.3M 990 PDF
FY2021 $3.4M$3.7M−$295K$24.2M 990 PDF
FY2020 $2.3M$2.0M$346K$24.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,723,408 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,703,590$2,703,590
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $19,818$19,818
VIII-12 Total revenueRelated to mission $2,703,590 · Unrelated business $0 · Excluded from tax $19,818$2,723,408
Part IX · Statement of functional expenses $3,127,722 across 7 lines filed
IX-11g Other fees for services$78,600
IX-13 Office expenses$57,099
IX-14 Information technology$138,237
IX-16 Occupancy$1,197,741
IX-21 Payments to affiliates$67,458
IX-22 Depreciation, depletion and amortization$868,477
IX-24 Other expenses (24a–d)$720,110
IX-25 Total functional expenses$3,127,722
Part X · Balance sheet $24,958,090 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $300,180$168,754
X-4 Accounts receivableStart of year $157,010$26,196
X-9 Prepaid expenses and deferred chargesStart of year $8,517$8,279
X-10c Land, buildings and equipment, netStart of year $21,911,569$21,043,092
X-15 Other assetsStart of year $3,180,060$3,711,769
X-16 Total assetsStart of year $25,557,336$24,958,090
X-17 Accounts payable and accrued expensesStart of year $676,033$795,342
X-25 Other liabilitiesStart of year $2,203,267$1,889,026
X-26 Total liabilitiesStart of year $2,879,300$2,684,368
X-27 Net assets without donor restrictionsStart of year $22,678,036$22,273,722
X-32 Total net assets or fund balancesStart of year $22,678,036$22,273,722
X-33 Total liabilities and net assetsStart of year $25,557,336$24,958,090
Part XI · Reconciliation of net assets $22,273,722 net assets at year end
XI-1 Total revenue$2,723,408
XI-2 Total expenses$3,127,722
XI-3 Revenue less expenses−$404,314
XI-4 Net assets at start of year$22,678,036
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$22,273,722

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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