Divine Mercy Religious Shop Ministries Inc

Nonprofit profile at a glance

EIN
822561448
IRS 990 coverage
2018–2020
Forms available
Form 990 2020
Location
Spencerport, NY, USA
Phone
5853525485
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Roman Catholic
Affiliation
Christianity

Reported finances

Revenue
$786
Expenses
$19,117
Assets
$147,804
Liabilities
$1,696

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Thomas DiVincenzo (Chief Executive Officer)

People named in this filing

  • Michael Clayton (Chair of the Board)
  • Michael Flanagan (Secretary)
  • Hermann Unvericht (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation (Divine Mercy Religious Shop Ministries Inc) is organized and shall be operated exclusively for religious and charitable purposes and not for pecuniary profit or financial gain. Without limiting the generality of the foregoing, the corporation shall promote the Roman Catholic Faith by aiding and assisting in the dissemination of Faith-based beliefs, information, materials, and items through such means including, but not limited to, the circulation, donation and sales of religious, educational, and Faith-related materials and items; the conducting, hosting and sponsoring of Faith-based classes, discussions, meetings, events and website; the encouragement and support of vocations to the Roman Catholic priesthood, diaconate and religious life; and the promotion and support of such other activities and organizations conducted consistent with the teachings of the Magisterium of the Roman Catholic Church.

What it reported doing in 2020

Sales of religious, educational and faith-related materials and items Ministry/Program: All volunteers staff DMRSM's 4,000 sq ft retail Shop is normally open 23 hours a week but was closed to the public the entire fiscal year. DMRSM receives a significant facility usage donation. DMRSM main goals for the Shop are as follows: to provide a warm and inviting environment where individuals can share their faith and encourage one another; provide a wide selection of the above materials (over 13,000 skus in stock), at very reasonable everyday prices (usually 20% off MSRP with additional discounts for clergy and bargain sales to local churches and religious non-profits), including some items at cost used by individuals to evangelize (1080 Dynamic Catholic books sold at Shop's $2 cost) so that people can both find and afford what they need to progress in their individual spiritual journey; generate the bulk of the revenue needed to fund the other Ministries offered and being developed by DMRSM. DMRSM will also participate as a vendor at local catholic conferences and parish events. Unfortunate COVID 19 and NYS mandates required the Shop to close in March 2020, and because of a number of factors, including the advanced age and health issues of most of its volunteers the Shop did not re-open at all to the general public for the rest of this tax year. The Shop was finally able to provide some special order support for local churches when they reopened, and in a couple special individual situations, both in June, that accounted for the Shop's limited revenue. DMRSM committed to its landlord, St John the Evangelist Church to continue paying its monthly rent. DMRSM was not eligible for any PPP assistance. These factors were the main contributors to DMRSM's overall financial loss this tax year. The Shop eventually re-opened to the general public in October 2021.

Operating model

Revenue model
Investment-supported. 99% of the money available for current operations came from recurring investment income.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 29
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 75.8%; rating input score 76
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -2,332.2%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 7.73; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -40.2% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: -96.3% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -8% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 75.8% of spending went to programs
  • Governance: 6 of 6 board members independent · 5 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $14K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 41 of 41 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2018 to 2020
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.