St Vincent Depaul Mission of Waterbury

What it reported doing in 2024

Soup kitchen - offers hot, full-course meals to the poor and homeless. The objective of the soup kitchen is to provide decent meals to the hungry, which they are not capable of providing for themselves, total meals served - 59,394 total pantry meals disbursed - 261,475 total bags of groceries - 52,295 thrift store - a program to allow the poor to obtain articles and appliances at nocharge or at a nominal fee, based on individual need. Aii articles and appliances offered by the thrift store are donated by the community.liberty hall -a low income housing project which consists of 13 two-bedroom apartments and 3 three bedroom apartments. Tenants must be below certain income limits, as established by the Connecticut department of housing, in order to qualify for occupancy. The original construction of the project was financed by a grant from the Connecticut department of housing in 1990. Liberty hall was renovated in 2019 with funds from the Connecticut housing finance authority which has a security interest in the property for the amount of the funds required to renovate liberty hall. Total rental units - 16 other community rental apartments: number of rental units - 8 unduplicatednumber of tenants - 8 homelessness prevention and rapid re-housing program - funded through the waterbury development corporation, the program provides short-term rental assistance and/or security deposit funds to homeless clients. Clients served - 20 cold weather site at hotel-the organization operated and oversaw the cold weather site for the northwest Connecticut coordinated access network, which was located within a hotel in waterbury. This site had 5 hotel rooms that were used to house participants who were in the shelter but were transitioning into their own housing units shortly. It was also used to house unsheltered families due to shelters being at full capacity. Throughout this program, participants were provided with three meais per day, case management and onsite staffing 24/7. Each participant worked with their case manager on finding affordable housing and transition to their own unit. Served 9 families who required shelter from the cold. The merriman culinary job training program - the program is taught by an accredited chef instructor. Classes teach trainees with high barriers to employment culinary skill basics and the job skills necessary to prepare them for work within the food service industry. All graduates of the program earn the title of qualified food operator through the completion of the servsafe food protection manager certification course. The program students and graduates have an opportunity to practice their culinary skills and give back to their community by preparing health meals that are distributed to the st. Vincent depaul mission, inc. Soup kitchen and homeless shelter. Total graduated students - 16

Financial Efficiency

• Mission deployment rate: 87.2%; rating input score 87
• Program expense ratio: 86.9%; rating input score 87
• Fundraising efficiency: $291.8 raised per $1 spent on fundraising; rating input score 94; 94th 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: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 63rd 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: -0.1%; rating input score 32; 32nd percentile among comparable filings
• Total-asset coverage ratio: 1.29; rating input score 46; 46th percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 72; 72nd percentile among comparable filings
• Officer compensation ratio: 5.7%; rating input score 49; 49th percentile among comparable filings

Growth

• Program expense growth: 2.3% per year; rating input score 100; 23rd percentile among comparable filings
• Revenue growth: 2.9% per year; rating input score 100; 26th percentile among comparable filings
• Asset growth: 5% per year; rating input score 100; 34th percentile among comparable filings