St Vincent's Development INC: Nonprofit Profile, Financials & Form 990 (EIN 22-2554128)

Revenue by fiscal year
FY2020	$2.3M
FY2021	$3.4M
FY2022	$3.4M
FY2023	$3.3M
FY2024	$2.8M
FY2025	$2.7M

Expenses by fiscal year
FY2020	$2.0M
FY2021	$3.7M
FY2022	$3.3M
FY2023	$4.1M
FY2024	$3.6M
FY2025	$3.1M

Net assets by fiscal year
FY2020	$24.5M
FY2021	$24.2M
FY2022	$24.3M
FY2023	$23.5M
FY2024	$22.7M
FY2025	$22.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1996.

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

Part of a larger organization · Schedule R

St Vincent's Development INC files its own Form 990, but Schedule R discloses 25 related entities — figures on this page are for this EIN only, not the whole group.

The William W Backus Hospital · Hartford Hospital · The Charlotte Hungerford Hospital · Midstate Medical Center + 21 more · see all

Combined filings · FY2025 · 17 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is one member.

Group revenue

$5.5B

Group expenses

$5.2B

Group net assets

$4.3B

The William W Backus Hospital · $630.7M rev · $879.8M net assets

Hartford Hospital · $2.9B rev · $2.1B net assets

The Charlotte Hungerford Hospital · $224.7M rev · $143.8M net assets

Midstate Medical Center · $477.9M rev · $358.7M net assets

Hospital of Central Connecticut at New Britain General and Bradley Me · $814.0M rev · $705.7M net assets

Hartford Healthcare at Home INC · $153.2M rev · −$10.7M net assets

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation

Chibueze Agba

Director

$0Pt VII · Sec A

Thomas Vaccarelli

Director & Secretary (thru 3/25)

$0Pt VII · Sec A

Carol Wardell

Director & Treasurer

$0Pt VII · Sec A

Jason Laabs

Director & Secretary New Fy25

$0Pt VII · Sec A

See St Vincent's Development INC executive salaries →

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.

Questions for St Vincent's Development INC

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1 program · in their own filed words · FY2024

01

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

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2554128) · Dispute this line

Pt IX · Ln 25 · col B

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

St Vincent's Medical Center Foundation INCFY2019$7K

Total grants receivedfrom 1 funder$7K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

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

Accounts receivableLn 4$26K

Prepaid expenses and deferred chargesLn 9$8K

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 endsHeaderSeptember

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

Line	Start FY25	End FY25
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

Line	Total	Programs	Management	Fundraising
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

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Aug 12, 2026	$2.7M	$3.1M	−$404K	$22.3M	990 PDF
FY2024Filed with the IRS Aug 13, 2025	$2.8M	$3.6M	−$827K	$22.7M	990 PDF
FY2023Filed with the IRS Aug 13, 2024	$3.3M	$4.1M	−$870K	$23.5M	990 PDF
FY2022Filed with the IRS Aug 10, 2023	$3.4M	$3.3M	$161K	$24.3M	990 PDF
FY2021Filed with the IRS Aug 10, 2022	$3.4M	$3.7M	−$295K	$24.2M	990 PDF
FY2020Filed with the IRS Aug 12, 2021	$2.3M	$2.0M	$346K	$24.5M	990 PDF

Schedules filed Part IV

D · Assets and endowments J · Pay O · Explanations R · Related orgs

See the full FY2025 990

Part I · Summary $2,723,408 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $2,741,472$2,703,590

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $30,155$19,818

I-12 Total revenuePrior year $2,771,627$2,723,408

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $3,598,288$3,127,722

I-18 Total expensesPrior year $3,598,288$3,127,722

I-19 Revenue less expensesPrior year −$826,661−$404,314

Part VI · Governance 0 of 3 board members independent, no flags

VI-1a Voting members of the governing body3

VI-1b Independent voting members0

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

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 FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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St Vincent's Development INC

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for St Vincent's Development INC

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV