Vincent Properties Inc

Analysis

Vincent Properties Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vincent Properties Inc reported income of $2.5m and spending of $3.0m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $2.5m (-40%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vincent Properties Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Neighborhood Housing Services of Brooklyn CDC Inc ($2.5m), Alpha Project for the Homeless ($2.5m) and Tri-County HDC Ltd ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $196k. At year end it held assets of $31.2m against liabilities of $25.8m, net assets of $5.4m.