VINCENT PROPERTIES INC

EIN: 274608005 501(c)(3) Housing & Shelter

Rochester, NY

Total Revenue
$2,495,066
Total Expenses
$2,963,754
Total Assets
$31,244,591
Net Assets
$5,394,848
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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
2011
Legal Domicile
NY
Principal Officer
KELLY THOMPSON
Phone
5854268000
Tax Period
2023-01-01 to 2023-12-31

VINCENT PROPERTIES INC, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $3.0M exceeded revenue, resulting in a 19% operating deficit.

Mission

Vincent Properties purchases, leases, rehabilitates and manages real property used primarily by affiliated organizations in the residential care, custody and treatment of the mentally disabled.

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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 $0
Program Service Revenue $2,492,004
Investment Income $3,062
Other Revenue $0
TOTAL REVENUE $2,495,066

Expense Breakdown

Grants Paid $0
Salaries & Benefits $250,366
Fundraising Expenses $0
Program Expenses $2,680,718
Other Expenses $2,713,388
TOTAL EXPENSES $2,963,754

Year-over-Year Comparison

2023 2022 Change
Revenue $2,495,066 $2,114,601 +0.2%
Expenses $2,963,754 $2,122,143 +0.4%
Net Income $-468,688 $-7,542 +61.1%
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
21
Independent Members
20
Employees
N/A
Volunteers
21

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
$1,699,625
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark H Fuller President 4
Officer
$0 $35,750 $1,054,105
James M Whalen CFO (through 6/30/23) 6
Officer
$0 $5,131 $413,483
Kelly Thompson CFO (as of 7/1/23) 2
Officer
$0 $6,047 $232,037
W Stewart Beecher MD Board Member 0.5
Director
$0 $0 $0
Stephanie Dempsey Board Member 0.5
Director
$0 $0 $0
Timothy Dieffenbacher Board Member 0.5
Director
$0 $0 $0
Anthony Di Giovanni IV Board Member 0.5
Director
$0 $0 $0
Ann Marie Dinino Board Member 0.5
Director
$0 $0 $0
Lisa B Elliot PhD Board Member 0.5
Director
$0 $0 $0
Lisa Famiglietti Board Member 0.5
Director
$0 $0 $0
Melissa L Farrell Board Member 0.5
Director
$0 $0 $0
Gabriel Geiger Secretary 0.5
Officer Director
$0 $0 $0
Jared P Hirt Esq Board Member 0.5
Director
$0 $0 $0
Christopher G Humphrey Vice Chair 0.5
Officer Director
$0 $0 $0
Adam Jones Board Member 0.5
Director
$0 $0 $0
Ellen B Kremer Board Member 0.5
Director
$0 $0 $0
Robert G Lamb Jr Esq Board Member 0.5
Director
$0 $0 $0
Louis Litzenberger Board Member 0.5
Director
$0 $0 $0
Michael Mallaber Board Member 0.5
Director
$0 $0 $0
Keith McGriff Board Member 0.5
Director
$0 $0 $0
Kevin M Mucci Chairperson 0.5
Officer Director
$0 $0 $0
Komekia E Peterson Board Member 0.5
Director
$0 $0 $0
Kelley Ross Brown Board Member 0.5
Director
$0 $0 $0
Gerald Scott Board Member 0.5
Director
$0 $0 $0
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 $2,495,066 $2,963,754 $31,244,591 $-468,688
2022 $2,114,601 $2,122,143 $18,831,060 $-7,542
2021 $4,402,784 $3,965,120 $23,801,768 $437,664
2020 $4,493,382 $4,299,645 $41,973,319 $193,737
2019 $4,138,510 $3,987,938 $38,489,413 $150,572
2018 $3,722,321 $3,845,914 $36,492,246 $-123,593
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