St Vincents Development Inc
St. Vincent's Development Inc: Strong Assets, Inconsistent Revenue, and High Administrative Costs
EIN: 222554128 · Trumbull, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $4.1M |
| Program Spending | 60% |
| Net Assets | $23.5M |
| Transparency Score | 65/100 |
Is St Vincents Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Vincents Development Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About St Vincents Development Inc
St Vincents Development Inc (EIN: 222554128) is a nonprofit organization based in Trumbull, CT. The organization reported total revenue of $2.8M and total assets of $25.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Vincents Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Vincents Development Inc is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $4.1M |
| Surplus / Deficit | $-870,127 |
| Total Assets | $26.6M |
| Total Liabilities | $3.1M |
| Net Assets | $23.5M |
| Operating Margin | -26.6% |
| Debt-to-Asset Ratio | 11.6% |
| Months of Reserves | 77.0 months |
Financial Health Grade: B
In 2023, St Vincents Development Inc reported a deficit of $870K with expenses exceeding revenue, holds 77.0 months of operating reserves (strong position), has a debt-to-asset ratio of 11.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Vincents Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.7% | +26.6% | -4.5% |
| 2022 | +0.7% | -11.7% | -0.2% |
| 2021 | +48.1% | +89.4% | -1.2% |
| 2020 | -19.1% | -13.0% | +85.8% |
| 2019 | -8.6% | -8.4% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates St Vincents Development Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, St Vincents Development Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $870K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.6%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information from the 990 filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of St Vincents Development Inc's IRS 990 filings:
- Administrative expenses appear high relative to program spending, indicating potential inefficiencies.
- Revenue has shown inconsistency over the past few years, with a notable drop from $3,429,268 in 2022 to $2,771,627 in 2023.
- Lack of detailed program spending breakdown makes it difficult to assess the impact of funds.
Strengths
The following positive indicators were identified for St Vincents Development Inc:
- Maintains a strong asset base, with $25,557,336 in 2023, providing financial stability.
- Consistently reports positive net assets, indicating sound financial management over time.
- Significant growth in assets from $15,172,763 in 2019 to $25,557,336 in 2023.
Frequently Asked Questions about St Vincents Development Inc
Is St Vincents Development Inc a legitimate charity?
St Vincents Development Inc (EIN: 222554128) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.8M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does St Vincents Development Inc spend its money?
St Vincents Development Inc directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to St Vincents Development Inc tax-deductible?
St Vincents Development Inc is registered as a tax-exempt nonprofit (EIN: 222554128). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of St Vincents Development Inc's spending goes to programs?
St Vincents Development Inc directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is St Vincents Development Inc located?
St Vincents Development Inc is headquartered in Trumbull, Connecticut and files with the IRS under EIN 222554128.
How many years of IRS 990 filings does St Vincents Development Inc have?
St Vincents Development Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.8M in total revenue.
What does St Vincents Development Inc do?
St Vincents Development Inc is a nonprofit organization in the Unknown sector, located in Trumbull, Connecticut. It is classified under NTEE code Unknown.
How much revenue does St Vincents Development Inc have?
St Vincents Development Inc reported total revenue of $2,771,627. Based on 13 IRS 990 filings on record.
What are St Vincents Development Inc's total assets?
St Vincents Development Inc holds total assets of $25,557,336 as reported in IRS 990 filings.
Where is St Vincents Development Inc located?
St Vincents Development Inc is based in Trumbull, Connecticut.
What is St Vincents Development Inc's EIN?
St Vincents Development Inc's Employer Identification Number (EIN) is 222554128. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is St Vincents Development Inc?
St Vincents Development Inc is classified under NTEE code Unknown (Unknown).
Is St Vincents Development Inc a registered 501(c)(3)?
St Vincents Development Inc appears in IRS records (EIN: 222554128). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does St Vincents Development Inc file IRS Form 990?
Yes, St Vincents Development Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was St Vincents Development Inc's revenue in 2023?
In the 202309 filing period, St Vincents Development Inc reported total revenue of $3,269,311, total expenses of $4,139,438, and net assets of $26,550,931.
Is St Vincents Development Inc's revenue growing or declining?
St Vincents Development Inc's revenue is relatively stable. Revenue went from $3,429,268 (202209) to $3,269,311 (202309), a -4.7% change. Based on 13 filings on record.
What is St Vincents Development Inc's most recent 990 filing?
The most recent IRS Form 990 filing for St Vincents Development Inc covers tax period 202309. It shows revenue of $3,269,311, expenses of $4,139,438, total assets of $26,550,931, and liabilities of $3,079,369.
How much does St Vincents Development Inc spend on programs vs administration?
Based on IRS 990 analysis, St Vincents Development Inc allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is St Vincents Development Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, St Vincents Development Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for St Vincents Development Inc?
The following concerns were identified: Administrative expenses appear high relative to program spending, indicating potential inefficiencies.. Revenue has shown inconsistency over the past few years, with a notable drop from $3,429,268 in 2022 to $2,771,627 in 2023.. Lack of detailed program spending breakdown makes it difficult to assess the impact of funds.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are St Vincents Development Inc's strengths?
Positive indicators for St Vincents Development Inc include: Maintains a strong asset base, with $25,557,336 in 2023, providing financial stability.. Consistently reports positive net assets, indicating sound financial management over time.. Significant growth in assets from $15,172,763 in 2019 to $25,557,336 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does St Vincents Development Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information from the 990 filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is St Vincents Development Inc?
• Financial data is available through public 990 filings. • No specific transparency report or detailed program breakdowns are readily available. • The organization's website provides general information but lacks detailed financial transparency beyond what's in the 990s. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the substantial asset base, how does St. Vincent's Development Inc. leverage these assets to directly support its mission and programs, especially in light of fluctuating revenues?
While the organization holds significant assets, the provided data does not detail how these assets are specifically utilized to fund programs or mitigate revenue fluctuations. Further analysis of investment income and asset deployment strategies would be necessary.
What factors contribute to the high administrative expenses, and what steps are being taken to optimize these costs to free up more funds for direct program delivery?
Without a detailed breakdown of administrative expenses from the 990 filings, it's challenging to pinpoint specific contributing factors. Common reasons include salaries, office overhead, and professional fees. The data does not indicate any specific initiatives to optimize these costs.
Filing History
IRS 990 filing history for St Vincents Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Vincents Development Inc's revenue has grown by 15%, moving from $2.8M to $3.3M. Total assets increased by 86.2% over the same period, from $14.3M to $26.6M. Total functional expenses rose by 20.4%, from $3.4M to $4.1M. In its most recent filing year (2023), St Vincents Development Inc reported a deficit of $870K, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $26.6M in assets (debt-to-asset ratio: 11.6%), resulting in net assets of $23.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $4.1M | $26.6M | $3.1M | — | — |
| 2022 | $3.4M | $3.3M | $27.8M | $3.5M | — | View 990 |
| 2021 | $3.4M | $3.7M | $27.9M | $3.7M | — | View 990 |
| 2020 | $2.3M | $2.0M | $28.2M | $3.7M | — | — |
| 2019 | $2.8M | $2.2M | $15.2M | $924K | — | View 990 |
| 2018 | $3.1M | $2.5M | $15.4M | $708K | — | View 990 |
| 2017 | $3.3M | $3.3M | $14.5M | $744K | — | View 990 |
| 2016 | $3.1M | $3.5M | $16.6M | $588K | — | View 990 |
| 2015 | $4.2M | $4.1M | $17.0M | $524K | — | View 990 |
| 2014 | $3.7M | $3.9M | $16.8M | $544K | — | View 990 |
| 2013 | $3.3M | $3.6M | $17.1M | $776K | — | View 990 |
| 2012 | $3.0M | $3.6M | $14.5M | $1.9M | — | View 990 |
| 2011 | $2.8M | $3.4M | $14.3M | $916K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $4.1M, and assets of $26.6M (revenue -4.7% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.3M, and assets of $27.8M (revenue +0.7% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.7M, and assets of $27.9M (revenue +48.1% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.0M, and assets of $28.2M (revenue -19.1% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.2M, and assets of $15.2M (revenue -8.6% year-over-year).
- 2018: Revenue of $3.1M, expenses of $2.5M, and assets of $15.4M (revenue -4.3% year-over-year).
- 2017: Revenue of $3.3M, expenses of $3.3M, and assets of $14.5M (revenue +4.8% year-over-year).
- 2016: Revenue of $3.1M, expenses of $3.5M, and assets of $16.6M (revenue -26.8% year-over-year).
- 2015: Revenue of $4.2M, expenses of $4.1M, and assets of $17.0M (revenue +14.7% year-over-year).
- 2014: Revenue of $3.7M, expenses of $3.9M, and assets of $16.8M (revenue +10.7% year-over-year).
- 2013: Revenue of $3.3M, expenses of $3.6M, and assets of $17.1M (revenue +9.9% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.6M, and assets of $14.5M (revenue +6.9% year-over-year).
- 2011: Revenue of $2.8M, expenses of $3.4M, and assets of $14.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Vincents Development Inc:
Data Sources and Methodology
This transparency report for St Vincents Development Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.