THE UTICA CENTER FOR DEVELOPMENT INC

EIN: 262017327 501(c)(3) Housing & Shelter

UTICA, NY

Total Revenue
$2,510,781
Total Expenses
$2,124,985
Total Assets
$6,271,460
Net Assets
$4,572,328
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
VINCENT SCALISE
Phone
3157650975
Tax Period
2023-01-01 to 2023-12-31

THE UTICA CENTER FOR DEVELOPMENT INC, founded in 2008, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $386K, a strong 15% operating margin.

Mission

TO ENRICH THE VETERAN'S QUALITY OF LIFE BY PROVIDING SUPPORTIVE COMPREHENSIVE SERVICES TO ALL VETERANS IN NEED SO THEY MAY SUCCESFULLY INTEGRATE BACK INTO THE SOCIETY TO WHICH THEY SERVED, CONSEQUENTLY ENHANCING THE SURROUNDING COMMUNITIES. WE WILL DEVOTE OUR TIME TO ASSIST VETERANS IN MULTIFACETED WAYS THROUGH STRONG COLLABORATION AND DEDICATION OF THE PROFESSIONALS INVOLVED SO THAT GROWTH WILL OCCUR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,271,033
Program Service Revenue $0
Investment Income $2,393
Other Revenue $237,355
TOTAL REVENUE $2,510,781

Expense Breakdown

Grants Paid $0
Salaries & Benefits $903,141
Fundraising Expenses $0
Program Expenses $1,847,655
Other Expenses $1,221,844
TOTAL EXPENSES $2,124,985

Year-over-Year Comparison

2023 2022 Change
Revenue $2,510,781 $1,783,813 +0.4%
Expenses $2,124,985 $2,082,377 +0.0%
Net Income $385,796 $-298,564 -2.3%
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

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Governance

Voting Members
8
Independent Members
8
Employees
45
Volunteers
N/A

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
6
$94,231
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA JONES CHAIRPERSON 1.00
Officer Director
$0 $0 $0
ELIZABETH SZLEK VICE CHAIR 1.00
Officer Director
$0 $0 $0
STEVE GONYEA TREASURER 1.00
Officer Director
$0 $0 $0
PAULINE BRIGHT VICE TREASURER 1.00
Officer Director
$0 $0 $0
TOM MARROTTA SR SECRETARY 1.00
Officer Director
$0 $0 $0
MARY WEBSTER DIRECTOR 1.00
Director
$0 $0 $0
WESLEY ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
JOHN ZYGMUNT DIRECTOR 1.00
Director
$0 $0 $0
VINCENT SCALISE EXECUTIVE DIRECTOR 40.00
Officer
$94,231 $0 $94,231
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 No data No data No data No data
2023 $2,510,781 $2,124,985 $6,271,460 $385,796
2022 $1,783,813 $2,082,377 $4,854,944 $-298,564
2021 $1,355,029 $1,445,322 $4,865,788 $-90,293
2020 $1,198,555 $1,244,758 $4,522,954 $-46,203
2019 $1,114,303 $1,037,903 $4,570,340 $76,400
2018 $3,428,032 $804,797 $4,747,447 $2,623,235
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