ST VINCENT DE PAUL RESIDENCE

EIN: 133598842 501(c)(3) Health Care

BRONX, NY

Total Revenue
$16,389,658
Total Expenses
$23,206,793
Total Assets
$12,346,764
Net Assets
$-2,162,927
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NY
Principal Officer
SCOTT P LA RUE
Phone
6466334700
Tax Period
2024-01-01 to 2024-12-31

ST VINCENT DE PAUL RESIDENCE, founded in 1990, is a mid-sized nonprofit in the Health Care sector that reported $16.4M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $23.2M exceeded revenue, resulting in a 42% operating deficit.

Mission

THE NURSING HOME IS DEVOTED TO CARING FOR THE SICK AND DISABLED WITH COMPASSION IN THE TRADITION OF CATHOLIC HEALTH CARE. IT SEEKS TO DELIVER HIGH QUALITY CARE, TO TREAT ALL PATIENTS WITH DIGNITY, AND TO PROVIDE A CARING ENVIRONMENT FOR PATIENTS AT THE NURSING HOME. AS A PARTICIPATING MEMBER OF THE CATHOLIC HEALTH CARE SYSTEM, THE NURSING HOME IS ALSO COMMITTED TO FURTHERING THE SYSTEM'S ABILITY TO PROMOTE HIGH QUALITY CARE, TO ENHANCE ITS SERVICES, AND TO OPERATE EFFECTIVELY AS A HEALTH CARE SYSTEM.

Program Service Accomplishments

Program 1
Expenses: $17,707,382 Revenue: $15,246,236

CARE SERVICES AT ST. VINCENT DE PAUL INCLUDE: 24-HOUR SKILLED NURSING SERVICES; SHORT-TERM REHABILITATION SERVICES INCLUDING SPEECH, PHYSICAL AND OCCUPATIONAL THERAPY; CLINICAL AND PHYSICIAN SERVICES...

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CARE SERVICES AT ST. VINCENT DE PAUL INCLUDE: 24-HOUR SKILLED NURSING SERVICES; SHORT-TERM REHABILITATION SERVICES INCLUDING SPEECH, PHYSICAL AND OCCUPATIONAL THERAPY; CLINICAL AND PHYSICIAN SERVICES INCLUDING CONSULTING PHYSICIANS FOR DENTAL, OPHTHALMOLOGY, AND PODIATRY; LABORATORY SERVICES; RELIGIOUS SERVICES; RECREATION THERAPY; RADIOLOGY SERVICES; NUTRITION SERVICES; IV THERAPY; PAIN MANAGEMENT; HOSPICE; AND FAMILY AND RESIDENT COUNCILS.IN 2024, THE FACILITY PROVIDED 42,131 DAYS OF SKILLED NURSING CARE TO OVER 289 PATIENTS.

Program 2
Expenses: $1,684,167 Revenue: $677,400

THE RESIDENCE OPERATES AN ASSISTED LIVING PROGRAM, WHICH SERVES A MEDICAID ONLY POPULATION. THE ASSISTED LIVING PROGRAM (ALP) AT ST. VINCENT DE PAUL SERVES INDIVIDUALS WHO ARE MEDICALLY ELIGIBLE FOR...

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THE RESIDENCE OPERATES AN ASSISTED LIVING PROGRAM, WHICH SERVES A MEDICAID ONLY POPULATION. THE ASSISTED LIVING PROGRAM (ALP) AT ST. VINCENT DE PAUL SERVES INDIVIDUALS WHO ARE MEDICALLY ELIGIBLE FOR NURSING HOME PLACEMENT BUT WHO CAN BE CARED FOR IN A LESS MEDICALLY INTENSIVE RESIDENTIAL SETTING. ALP RESIDENTS DO NOT REQUIRE CONTINUAL NURSING CARE. WITH A CAPACITY OF 59 BEDS, THE RANGE OF ALP SERVICES INCLUDES PERSONAL CARE, ROOM, BOARD, HOUSEKEEPING, SUPERVISION, HOME HEALTH AIDES, PERSONAL EMERGENCY RESPONSE SERVICES, CASE MANAGEMENT, ETC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $430,697
Program Service Revenue $15,923,636
Investment Income $17,080
Other Revenue $18,245
TOTAL REVENUE $16,389,658

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,502,980
Fundraising Expenses $0
Program Expenses $19,391,549
Other Expenses $12,703,813
TOTAL EXPENSES $23,206,793

Year-over-Year Comparison

2024 2023 Change
Revenue $16,389,658 $20,727,607 -0.2%
Expenses $23,206,793 $23,423,301 0.0%
Net Income $-6,817,135 $-2,695,694 +1.5%
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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Governance

Voting Members
22
Independent Members
22
Employees
181
Volunteers
25

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
5
$4,152,078
Total Directors
23
$0
Key Employees
1
$210,936
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCIS J SERBAROLI ESQ CHAIRMAN 0.10
Officer Director
$0 $0 $0
THOMAS M O'BRIEN VICE-CHAIR 0.10
Officer Director
$0 $0 $0
DR TARA A CORTES SECRETARY 0.10
Officer Director
$0 $0 $0
THOMAS E ALBERTO BOARD MEMBER 0.10
Director
$0 $0 $0
STEVE BUJNO BOARD MEMBER 0.10
Director
$0 $0 $0
JOHN CAHILL BOARD MEMBER 0.10
Director
$0 $0 $0
JOHN T DUNLAP BOARD MEMBER THRU 06/24 0.10
Director
$0 $0 $0
THOMAS J FAHEY JR MD BOARD MEMBER 0.10
Director
$0 $0 $0
ERIC P FELDMANN BOARD MEMBER 0.10
Director
$0 $0 $0
SISTER SELINE FLORES BOARD MEMBER 0.10
Director
$0 $0 $0
JOHN GLEASON BOARD MEMBER 0.10
Director
$0 $0 $0
KAREN GRAY BOARD MEMBER 0.10
Director
$0 $0 $0
CLARION E JOHNSON MD BOARD MEMBER 0.10
Director
$0 $0 $0
RORY KELLEHER BOARD MEMBER 0.10
Director
$0 $0 $0
MSGR JOSEPH LAMORTE BOARD MEMBER 0.10
Director
$0 $0 $0
RICHARD PARK MD BOARD MEMBER 0.10
Director
$0 $0 $0
KATHRYN ROONEY BOARD MEMBER 0.10
Director
$0 $0 $0
JOSEPH SAPORITO BOARD MEMBER 0.10
Director
$0 $0 $0
GT SWEENEY BOARD MEMBER 0.10
Director
$0 $0 $0
BISHOP GERALD WALSH BOARD MEMBER 0.10
Director
$0 $0 $0
LESLIE KASERGRANDE BOARD MEMBER 0.10
Director
$0 $0 $0
CYNTHIA ROBERT BOARD MEMBER 0.10
Director
$0 $0 $0
DR PATRICIA TOOKER BOARD MEMBER 0.10
Director
$0 $0 $0
SCOTT P LA RUE PRESIDENT & CEO 0.10
Officer
$0 $439,006 $2,416,042
ANNMARIE COVONE EXECUTIVE VP/CFO 0.10
Officer
$0 $369,602 $1,736,036
SHENNOY M WELLINGTON-ROBERTS ADMINISTRATOR 37.50
Key Emp
$175,230 $35,706 $210,936
DONOVAN R DINHAM LPN 37.50
Highest
$174,462 $19,714 $194,176
SABINE E AUGUSTIN DIRECTOR OF NURSING 37.50
Highest
$148,638 $22,122 $170,760
CHESANDRA H SWABY REGISTERED NURSE 37.50
Highest
$149,332 $16,875 $166,207
EUNICE RICHARDS ASST. ADMINISTRATOR 37.50
Highest
$161,714 $46,316 $208,030
ANN MARIE BULLEN ADMINISTRATOR (ALP) 37.50
Highest
$134,516 $23,306 $157,822
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
2024 $16,389,658 $23,206,793 $12,346,764 $-6,817,135
2023 $20,727,607 $23,423,301 $14,208,203 $-2,695,694
2022 $21,048,202 $23,901,590 $14,849,021 $-2,853,388
2021 $17,427,597 $20,857,137 $13,898,187 $-3,429,540
2020 $17,613,649 $20,637,458 $14,561,360 $-3,023,809
2019 $18,135,425 $19,160,538 $13,833,404 $-1,025,113
2018 $18,191,612 $18,317,399 $13,834,476 $-125,787
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