St Vincent Depaul Middletown
Nonprofit profile at a glance
- EIN
- 061387081
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024
- Location
- Middletown, CT, USA
- Phone
- 8603440097
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $4,224,383
- Expenses
- $4,262,290
- Assets
- $2,578,863
- Liabilities
- $359,680
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- CATHERINE REES (PRESIDENT)
Highest reported compensation
- MARYELLEN SHUCKEROW (EXECUTIVE DI): $105,535 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
St. Vincent depaul middletown (svdm) was founded in 1980 by the sisters of mercy and the catholic diocese of norwich. Svdm's mission is to provide food, shelter and basic human services to poor and homeless individuals regardless of race, creed, natural origin, criminal history or recidivism. Svdm is a four-pronged mission. Svdm's soup kitchen serves approximately 100,000 meals annually. St vincent's gardens, a series of micro-programs, encourages soup kitchen guests to participate in light farming, community cleaning and other healthy activities, leading to a reduction of susbstance use and idleness. Svdm's community assistance program connects 500 people to community support services and emergency funds. People can apply for assistance that may include security deposits, rental assistance, clothing, transportation and identification. Amazing grace food pantry currently provides groceries to approximately 1,000 families each month including deliveries to outpatient cancer patient and
What it reported doing in 2024
Supportive housing is a program that provides housing for certain individuals that have suffered pervasive homelessness. It is only one type of housing support. Individuals must have a documented disabling condition and fall into a high risk group. We currently support about 80 such formerly homeless individuals in apartments throughout middletown. Our housing team provides comprehensive support which begins before a lease is secured. Once an apartment is found, a client goes through a tenant orientation to include landlord/tenant communication skills, housekeeping, fire and security, safety, non-violent approaches to conflict resolution, budgeting, shopping, and food preparation. Services may also include transportation to and from medical and mental health appointments, addiction services, recovery support and harm reduction.
Operating model
- Revenue model
- Donor-supported. 71% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 93
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.1%; rating input score 96
- Program expense ratio: 95.2%; rating input score 95
- Fundraising efficiency: $41.6 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.9%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0.61; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 52; 52nd percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: 20.7% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 20.3% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 28% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 96.1% of revenue deployed · 95.2% of spending went to programs
- Governance: 8 of 8 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $4.1M in reported program spending
- Leadership: top reported pay $106K · 9 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- Review — Sustainability: Liabilities to assets ratio scored 52/100.