ST VINCENT DEPAUL MISSION OF WATER… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

GENE MUNSON

Phone

2037540000

Tax Period

2024-07-01 to 2025-06-30

ST VINCENT DEPAUL MISSION OF WATERBURY, founded in 1978, is a community nonprofit in the Mental Health sector that reported $5.6M in total revenue in fiscal year 2024.

Mission

THE ST. VINCENT DEPAUL MISSION OF WATERBURY, INC., THROUGH ITS NETWORK OF SERVICES, AIDS, SUPPORTS AND EMPOWERS PEOPLE EXPERIENCING POVERTY, HOMELESSNESS, HUNGER, AND MENTAL HEALTH CHALLENGES SO THEY MAY RECOVER WITH DIGNITY AND DEVELOP SUSTAINABLE SOLUTIONS FOR A BRIGHTER FUTURE.

Program Service Accomplishments

Program 1

Expenses: $2,130,796 Revenue: $603,544

MENTAL HEALTH PROGRAM - PROVIDES MENTAL HEALTH RESIDENTIAL SERVICES TO INDIVIDUALS IN THE WATERBURY, CT AREA. THIS PROGRAM PROVIDES SUPERVISION, SUPPORT, AND REHABILITATION PROGRAMMING TO TEACH...

MENTAL HEALTH PROGRAM - PROVIDES MENTAL HEALTH RESIDENTIAL SERVICES TO INDIVIDUALS IN THE WATERBURY, CT AREA. THIS PROGRAM PROVIDES SUPERVISION, SUPPORT, AND REHABILITATION PROGRAMMING TO TEACH RECOVERY AND INDEPENDENT LIVING SKILLS IN PREPARATION FOR MORE INDEPENDENT LIVING. TOTAL UNDUPLICATED CLIENTS - 33. CORNERSTONE SUPERVISED APARTMENT PROGRAM SERVED 20 UNDUPLICATED CLIENTS. CASA DE ROSA GROUP HOME SERVED 13 UNDUPLICATED CLIENTS.

Program 2

Expenses: $1,421,924

THE HOMELESS SHELTER - FOR THE HOMELESS IN THE WATERBURY CONNECTICUT AREA. TOTAL UNDUPLICATED CLIENTS ASSISTED - 516 UNDUPLICATED SINGLE MEN AND WOMEN, 38 FAMILIES WITH 51 CHILDREN. TOTAL BED NIGHTS...

Program 3

SUPPORTIVE HOUSING PROGRAM - PROVIDE HOUSING AND ACCESSIBLE SUPPORT FOR HOMELESS PERSONS WITH DISABILITIES TO HELP THEM ACCESS AND RETAIN SAFE AND AFFORDABLE HOUSING, INCREASE THEIR SKILLS AND/OR...

SUPPORTIVE HOUSING PROGRAM - PROVIDE HOUSING AND ACCESSIBLE SUPPORT FOR HOMELESS PERSONS WITH DISABILITIES TO HELP THEM ACCESS AND RETAIN SAFE AND AFFORDABLE HOUSING, INCREASE THEIR SKILLS AND/OR INCOME, AND ACHIEVE GREATER SELF-DETERMINATION. UNDUPLICATED INDIVIDUALS SERVED - 18, UNDUPLICATED FAMILIES SERVED - 7 (28 UNDUPLICATED ADULTS AND 10 UNDUPLICATED CHILDREN).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,512,040

Program Service Revenue $1,034,943

Investment Income $89,276

Other Revenue $-10,930

TOTAL REVENUE $5,625,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,200,340

Fundraising Expenses $15,463

Program Expenses $4,895,334

Other Expenses $2,433,360

TOTAL EXPENSES $5,633,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,625,329	$5,209,382	+0.1%
Expenses	$5,633,700	$4,898,696	+0.2%
Net Income	$-8,371	$310,686	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

450

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$322,972

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARCHBISHOP CHRISTOPHER J COYNE	PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL HEALEY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RICHARD BRAAM	VICE PRESIDENT AS OF 07/24	2.00	Officer Director	$0	$0	$0
GENE MUNSON	TREASURER AS OF 12/24	2.00	Officer Director	$0	$0	$0
JAMES BRENNAN	SECRETARY	2.00	Officer Director	$0	$0	$0
SCOTT ALLEN	DIRECTOR	1.00	Officer Director	$0	$0	$0
BISHOP JUAN MIGUEL BETANCOURT	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAN FERRUCCI	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID KANIA	DIRECTOR	1.00	Officer Director	$0	$0	$0
ISABELA MONTOYA	DIRECTOR	1.00	Officer Director	$0	$0	$0
REVEREND JAMES M SULLIVAN	DIRECTOR	1.00	Officer Director	$0	$0	$0
THOMAS F UPSON	DIRECTOR	1.00	Officer Director	$0	$0	$0
GARY BEAULIEU	EXECUTIVE DIRECTOR	40.00	Officer	$112,506	$11,453	$123,959
EDWIN RODRIGUEZ	DIRECTOR OF OPERATIONS	40.00	Officer	$91,343	$11,453	$102,796
ROBERT LOISEAU	ACCOUNTANT	40.00	Officer	$94,713	$1,504	$96,217

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$5,625,329	$5,633,700	$7,277,790	$-8,371
2024	$5,209,382	$4,898,696	$7,104,985	$310,686
2023	$5,050,049	$4,791,365	$6,789,455	$258,684
2022	$6,150,320	$4,549,107	$6,458,734	$1,601,213
2021	$4,695,077	$4,348,499	$4,972,659	$346,578
2020	$3,962,803	$4,027,706	$5,085,917	$-64,903
2019	$3,631,385	$4,010,320	$4,876,577	$-378,935
2018	$4,271,284	$3,988,466	$4,254,960	$282,818

ST VINCENT DEPAUL MISSION OF WATERBURY