Hsvs Property Foundation Ltd

Nonprofit profile at a glance

EIN
822726570
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-N 2020
Location
Brooklyn, NY, USA
Phone
7184224200
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support
Affiliation
Christianity

Reported finances

Revenue
$311,834
Expenses
$591,273
Assets
$5,381,695
Liabilities
$3,396,884

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • DAWN W VALENTINE-SAFFAYEH (SECRETARY / PRESIDENT & CEO - HSHS, HSVS, HEC, HSW)

Highest reported compensation

  • DAWN W VALENTINE-SAFFAYEH (SECRETARY / PRESIDENT & CEO - HSHS, HSVS, HEC, HSW): $571,800 total reported compensation
  • JUSTIN NARDILLA (TREASURER / CFO THRU 01/2025- HSHS, HSVS, HEC, HSW): $484,872 total reported compensation
  • DEVIN L CHAPMAN (SENIOR VP OF FINANCE / CFO AS OF 02/2025 - HSHS, HSVS, HEC, HSW): $148,841 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To hold title to property to st. Vincent's services, inc. D/b/a heartshare st. Vincent's services ("hsvs"), in its efforts to provide and care for young boys and girls, adolescents, young adults, adults and families through the establishment, operation and maintenance of various types of programs, facilities, homes and residences which provide for the physical, mental, spiritual, intellectual and emotional welfare and well-being of said young boys and girls, adolescents, young adults, adults and families. Entire amount of net rental income, if any, is to be turned over to hsvs, an organization with a tax-exempt status.

What it reported doing in 2024

To hold title to buildings & land located in nyc, for the purpose of leasing and renting in furtherance of st. Vincent's services' inc. Mission, a catholic social services agency.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 58% for direct work, and 42% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 72
  • Accountability: 76
  • Sustainability: 30
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.4%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 20th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -89.6%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 9.1; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.63; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 17.7%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 0.7% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 2.4% per year; rating input score 100; 37th percentile among comparable filings
  • Asset growth: -3.8% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.4% of spending went to programs
  • Governance: 3 of 4 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $572K · 6 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 11 filed related-organization links
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 2/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.