2023-10-09T13:25:09-05:00 2022-12-31 161131146 BONADIO & CO LLP 6 WEMBLEY CT ALBANY NY 12205 990 2022-01-01 161468628 THE NOTTINGHAM RETIREMENT COMMUNITY INC NOTT 3152512662 700 EAST BRIGHTON AVE SYRACUSE NY 13205 JOHN MURRAY CFO 3154133206 2023-10-04 1 JOHN MURRAY 999009999 0 JUDITH J SORO P00743262 5184644080 2023-10-04 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN MURRAY 700 EAST BRIGHTON AVE SYRACUSE NY 13205 14512132 0 X WWW.THENOTTINGHAM.ORG X 1995 NY TO PROVIDE A COMPREHENSIVE PROGRAM OF SERVICE AND SUPPORT FOR RETIRED ADULTS. 14 14 0 0 6851 4561 500020 88863 12609929 14415232 12 12 14824 6851 13124785 14510958 0 0 0 0 5604749 6631356 0 0 0 8446101 8818441 14050850 15449797 -926065 -938839 41923215 37628281 38392293 31541484 3530922 6086797 X TO OPERATE A RESIDENTIAL COMMUNITY THAT PROVIDES A COMPREHENSIVE PROGRAM OF SERVICE AND SUPPORT FOR RETIRED ADULTS. 0 0 8851316 10337904 TO PROVIDE RESIDENTIAL LIVING FOR INDEPENDENT INDIVIDUALS. THERE WERE 325 RESIDENTS OF THE FACILITY DURING THE YEAR WHO PRIVATELY PAID RENTAL INCOME MONTHLY. SECURE APARTMENTS AND COTTAGES OFFER FULL-SIZE KITCHENS, SECURITY SYSTEM, HOUSEKEEPING AND LAUNDRY SERVICES AND SOCIAL, CULTURAL, AND EDUCATIONAL PROGRAMS. 3091993 3611297 THE ORGANIZATION PROVIDES ENRICHED LIVING APARTMENTS TO RESIDENTS WHO REQUIRE ASSISTANCE WITH DAY-TO-DAY TASKS. A STRUCTURED WELLNESS PLAN IS DEVELOPED THAT INCLUDES FOOD SERVICE, MEDICAL ALERT SYSTEM SERVICES, TRANSPORTATION SERVICES, COMMUNICATION SERVICES AND SECURITY AND PERSONAL ASSISTANCE. THESE SERVICES WERE PROVIDED TO 40 RESIDENTS ON A DAILY BASIS. 352167 411314 THE ORGANIZATION OFFERS ADDITIONAL SERVICES INCLUDING MEAL PROGRAMS, LAUNDRY AND HOUSEKEEPING TO RESIDENTS WHO WOULD LIKE THE ASSISTANCE FROM TIME TO TIME BUT NOT ON A DAILY BASIS. 46849 54717 THE CORPORATION CONSTRUCTED AND LEASES A 40-BED NURSING HOME UNDER THE TERMS OF A CAPITAL LEASE TO AN AFFILIATED ORGANIZATION, NOTTINGHAM RHCF. 46849 54717 12342325 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 59 59 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X JOHN MURRAY 3154133206 700 EAST BRIGHTON AVE SYRACUSE NY 13205 X JOHN R BRENNAN BOARD MEMBER, SECRETARY 1.00 X X 0 0 0 ROBER MARZELLA BOARD MEMBER, VICE CHAIR 1.00 X 0 0 0 PIERRE MORRISSEAU BOARD MEMBER 1.00 X 0 0 0 ELIZABETH QUILTER BOARD MEMBER 1.00 X 0 0 0 CHRISTINE WOODCOCK DETTOR BOARD MEMBER 1.00 X 0 0 0 MICHELE JONES GALVIN BOARD MEMBER 1.00 X 0 0 0 KEVIN BRYANS BOARD MEMBER, PAST CHAIR 1.00 X 0 0 0 NANCY WILLIAMS BOARD MEMBER 1.00 X 0 0 0 STEPHEN J KINGSTON BOARD MEMBER 1.00 X 0 0 0 JOHN MCCABE BOARD MEMBER, CHAIR 1.00 X X 0 0 0 SAM CARELLO BOARD MEMBER 1.00 X 0 0 0 PETER MUSERLIAN BOARD MEMBER 1.00 X 0 0 0 CRAIG LUCE BOARD MEMBER 1.00 X 0 0 0 VICKI O'NEILL BOARD MEMBER, PAST CHAIR 1.00 X X 0 0 0 KIMBERLY TOWNSEND PRESIDENT 1.00 39.00 X 0 527235 14743 JOHN MURRAY CFO 1.00 39.00 X 0 259932 3856 STEPHANIE BUTTON VP OF LORETTO INDEPENDENT 1.00 39.00 X 0 162991 4039 BRANDON CLAPS CIO 1.00 39.00 X 0 159709 4678 DAVID HEISIG MEDICAL DIRECTOR 1.00 40.00 X 0 225124 3964 JOELLE MARGREY VP OF CLINICAL SKILLED NUR 1.00 39.00 X 0 185354 5430 JULIE SHEEDY VP OF MARKETING 1.00 39.00 X 0 192108 8592 JENNIFER INGERSON VP OF HOUSING 1.00 39.00 X 0 183236 5868 HOLLY HOEHNER VP GENERAL COUNSEL 1.00 39.00 X 0 237048 11046 0 2132737 62216 0 0 1 0 TOM HANNAN CONSTRUCTION 1423 LESTINA BEACH ROAD BRIDGEPORT NY 13030 BUILDING RENNOVATIONS 132247 AP PLUMBING 1195 RIDGEWAY AVENUE ROCHESTER NY 14615 BUILDING RENNOVATIONS 113829 NATIONAL CARPET OUTLET 810 BURNET AVE SYRACUSE NY 13203 BUILDING RENNOVATIONS 101164 3 64433 24430 88863 RENTAL INCOME 531110 10337904 10337904 PROGRAM INCOME 623990 3611297 3611297 RESIDENT SERVICES INCOME 621610 411314 411314 INTEREST INCOME FROM CAPITAL LEAS 531110 54717 54717 14415232 12 12 8025 1174 6851 6851 6851 14510958 14415232 6851 12 5279941 4530164 749777 154562 90888 63674 797739 686118 111621 399114 342438 56676 9967 9967 29943 29943 641765 387439 254326 82242 82242 107150 14048 93102 179219 179219 863650 861228 2422 23603 17985 5618 1523149 1523149 1242232 1242232 2231981 2231981 207584 207584 SUPPLIES 1105205 1098074 7131 EQUIPMENT RENTAL AND MA 570751 558813 11938 15449797 12342325 3107472 0 6080758 4325708 4696369 254658 37346 36068 354921 619239 54783979 26735164 29507806 28048815 1246015 4343793 41923215 37628281 2932199 440021 53057 34140 32557997 29407068 2849040 1660255 38392293 31541484 X 3530922 6086797 3530922 6086797 41923215 37628281 X -938839 3494714 X X 0 1 X 1 0 X 150 486606 1579325 500020 88863 2654964 10875857 11229214 11507055 12609929 14415232 60637287 10876007 11715820 13086380 13109949 14504095 63292251 0 0 0 63292251 26188 819 113 12 12 27144 18849 21334 19271 17627 77081 45037 22153 19384 17639 12 104225 10921044 11737973 13105764 13127588 14504107 63396476 0.99840 0.99770 0.00160 0.00230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1444830 1444830 47895635 23917561 23978074 5443514 2817603 2625911 28048815 CAPITAL LEASE RECEIVABLE 886350 DUE FROM AFFILIATES 2583729 INTEREST RATE SWAP 873714 4343793 ACCRUED INTEREST 140643 PAYROLL AND OTHER ACCRUALS 645612 LINE OF CREDIT 874000 1660255 X 14512132 1174 1174 14510958 0 14510958 15450971 1174 1174 15449797 0 15449797 PART X, LINE 2: THE COMPANY IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. AS OF DECEMBER 31, 2022, THE COMPANY DOES NOT HAVE ANY SIGNIFICANT UNRECOGNIZED TAX BENEFITS OR ANY RELATED ACCRUED INTEREST OR PENALTIES. THE TAX YEARS OPEN TO EXAMINATION BY FEDERAL AND NEW YORK STATE TAXING AUTHORITIES ARE 2019 THROUGH 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES WITH UBIT 1,174. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES WITH UBIT 1,174. 1 X X X X 0 0 0 0 0 0 0 0 0 KIMBERLY TOWNSEND PRESIDENT 0 527235 0 0 0 0 0 0 0 14743 0 541978 0 0 JOHN MURRAY CFO 0 259932 0 0 0 0 0 804 0 3052 0 263788 0 0 HOLLY HOEHNER VP GENERAL COUNSEL 0 237048 0 0 0 0 0 430 0 10616 0 248094 0 0 DAVID HEISIG MEDICAL DIRECTOR 0 225124 0 0 0 0 0 534 0 3430 0 229088 0 0 JULIE SHEEDY VP OF MARKETING 0 192108 0 0 0 0 0 585 0 8007 0 200700 0 0 JOELLE MARGREY VP OF CLINICAL SKILLED NUR 0 185354 0 0 0 0 0 226 0 5204 0 190784 0 0 JENNIFER INGERSON VP OF HOUSING 0 183236 0 0 0 0 0 0 0 5868 0 189104 0 0 STEPHANIE BUTTON VP OF LORETTO INDEPENDENT 0 162991 0 0 0 0 0 498 0 3541 0 167030 0 0 BRANDON CLAPS CIO 0 159709 0 0 0 0 0 525 0 4153 0 164387 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION'S MEMBERS CONSIST OF DESIGNATED MEMBERS AND ELECTED MEMBERS. THE DESIGNATED MEMBERS INCLUDE THE BISHOP OF THE ROMAN CATHOLIC DIOCESE OF SYRACUSE, NEW YORK; THE VICAR GENERAL OF THE ROMAN CATHOLIC DIOCESE OF SYRACUSE, NEW YORK; THE DIRECTOR OF CATHOLIC CHARITIES OF THE ROMAN CATHOLIC DIOCESE OF SYRACUSE, NEW YORK; AND THE CHAIR OF LMC. THE ELECTED MEMBERS ARE VARIOUS CENTRAL NEW YORK COMMUNITY INDIVIDUALS. FORM 990, PART VI, SECTION A, LINE 7A THE BUSINESS AND PROPERTY OF THE CORPORATION ARE MANAGED AND CONTROLLED BY A BOARD OF TRUSTEES WHO ARE ELECTED ANNUALLY BY THE MEMBERS OF THE CORPORATE MEMBER OF THE CORPORATION TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF THE CORPORATE MEMBER. THE TRUSTEES ARE CHOSEN BY BALLOT AT SUCH MEETING BY A MAJORITY OF THE VOTES OF THE MEMBERS OF THE CORPORATE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE REVIEWED BY THE BOARD OF TRUSTEES AT THE OCTOBER 2023 FINANCE COMMITTEE MEETING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS THE NOMINATING AND DEVELOPMENT COMMITTEE OF THE LORETTO BOARD OF TRUSTEES REQUESTS ALL TRUSTEES TO COMPLETE A CONFLICT OF INTEREST ASSESSMENT. THE ASSESSMENTS ARE RETURNED TO THE EXECUTIVE OFFICE AND REVIEWED FOR ANY POTENTIAL CONFLICTS. SHOULD A CONFLICT ARISE, TRUSTEES ARE ASKED TO RECUSE THEMSELVES FROM THE DELIBERATIONS AND THE DECISION MAKING PROCESS REGARDING THE TRANSACTION. ADDITIONALLY, ALL EMPLOYEES ARE REQUIRED TO ATTEST ANNUALLY TO A CORPORATE CODE OF CONDUCT WHICH ADDRESSES CONFLICT OF INTEREST ISSUES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION AND BENEFITS COMMITTEE OF THE BOARD OF TRUSTEES OF LORETTO (THE COMMITTEE) IS RESPONSIBLE FOR REVIEWING AND APPROVING PROPOSED COMPENSATION AND BENEFIT ARRANGEMENTS FOR KEY EMPLOYEES (COVERED PERSONS). IN REVIEWING THE REASONABLENESS OF PROPOSED COMPENSATION AND BENEFIT ARRANGEMENTS FOR COVERED PERSONS, THE COMMITTEE CONSIDERS A DETAILED DESCRIPTION OF THE COMPENSATION/BENEFIT ARRANGEMENT RECOMMENDED AND THE REASONS FOR THE RECOMMENDATION, INCLUDING EXTERNAL LABOR MARKET DATA AND COMPARABILITY INFORMATION FOR SIMILARLY SITUATED PERSONS AT LIKE ORGANIZATIONS. COMPARABILITY INFORMATION IS OBTAINED FROM INDEPENDENT SOURCES FROM RESEARCH OF PUBLICALLY AVAILABLE DATA (E.G., WAGE AND BENEFIT SURVEY DATA). BOTH EXTERNAL DATA AND INTERNAL FACTORS ARE TAKEN INTO ACCOUNT BY THE COMMITTEE AS IT REVIEWS COMPENSATION AND BENEFIT RECOMMENDATIONS. WHEN MAKING 2022 COMPENSATION DECISIONS, MANAGEMENT BENCHMARKED COMPETITIVE EXECUTIVE COMPENSATION LEVELS USING MULTIPLE INDUSTRY COMPENSATION SURVEYS. THE COMMITTEE DOCUMENTS DECISIONS AND THE BASIS FOR DECISIONS REGARDING COMPENSATION AND BENEFIT ARRANGEMENTS FOR COVERED PERSONS IN THE FORM OF MINUTES THAT ARE MAINTAINED FOR ALL MEETINGS OF THE COMMITTEE. COVERED PERSONS ARE EXCLUDED FROM DELIBERATIONS REGARDING RECOMMENDED COMPENSATION AND BENEFIT ARRANGEMENTS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION PROVIDES FORM 1023 AND FORM 990 TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES OTHER INFORMATION REQUIRED UNDER INTERNAL REVENUE SERVICE REGULATIONS TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A KIMBERLY TOWNSEND IS THE PRESIDENT AND CEO OF THE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. JOHN MURRAY IS CFO OF THE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. BRANDON CLAPS IS THE CHIEF INFORMATION OFFICER OF THE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R JENNIFER INGERSON IS VICE PRESIDENT OF HOUSING AND OVERSEES THE OPERATIONS OF BERNARDINE APARTMENTS, LORETTO ADULT COMMUNITY INC., LORETTO GERIATRIC COMMUNITY RESIDENCES, NOTTINGHAM RETIREMENT COMMUNITY INC., CHURCHILL MANOR, INC. HOLLY HOEHNER IS THE VICE PRESIDENT OF GENERAL COUNCEL OF THE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. DAVID HEISIG IS THE MEDICAL DIRECTOR AT LORETTO INDEPENDENT LIVING SERVICES, INC. JOELLE MARGREY IS CHIEF NURSING OFFICER AT LORETTO HEALTH AND REHABILITATION CENTER, AUBURN SENIOR SERVICES, INC., AND NOTTINGHAM RHCF. JULIE SHEEDY IS CHIEF MARKETING AND ENGAGEMENT OFFICER FOR THE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R, AND OVERSEES THE OPERATIONS OF THE LORETTO FOUNDATION. STEPHANIE BUTTON IS VICE PRESIDENT AT LORETTO INDEPENDENT LIVING SERVICES, INC. FORM 990, PART XI, LINE 9: CHANGE IN NET ASSETS OF THE LORETTO FOUNDATION LOSS ON EXTINGUISHMENT OF DEBT CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 3,494,714. FORM 990, PART XII, LINE 2C THE LORETTO FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ORGANIZATION'S AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR. FORM 990, PART I LINES 5 & 6 AND PART V LINE 2A SALARIES REPORTED ARE PAID THROUGH A COMMON PAYMASTER FOR THE ORGANIZATION. EMPLOYEES ARE LISTED AS ZERO SINCE THE W-3 IS FILED UNDER TAX ID 16-1019465, LORETTO REST REALTY CORPORATION. ADVANCED INSTITUTIONAL SUPPORT SERVICES LLC 700 EAST BRIGHTON AVE SYRACUSE NY 13205 200424458 PROVIDES FOOD AND FOOD SERVICE OPERATIONS TO VARIOUS LORETTO AFFILIATES NY LORETTO MANAGEMENT CORPORATION LORETTO HEALTH AND REHABILITATION CENTER 700 EAST BRIGHTON AVE SYRACUSE NY 13205 200503099 SKILLED NURSING FACILITY NY 501C3 9 LORETTO MANAGEMENT CORPORATION 0 BERNARDINE APARTMENTS 700 EAST BRIGHTON AVE SYRACUSE NY 13205 161012804 OPERATES LOW INCOME HOUSING FOR THE ELDERLY NY 501C3 9 LORETTO MANAGEMENT CORPORATION 0 LORETTO ADULT COMMUNITY INC 700 EAST BRIGHTON AVE SYRACUSE NY 13205 222588128 OPERATES AN ASSISTED LIVING PROGRAM NY 501C3 9 LORETTO MANAGEMENT CORPORATION 0 LORETTO GERIATRIC COMMUNITY RESIDENCES 700 EAST BRIGHTON AVE SYRACUSE NY 13205 161234898 OPERATES COMMUNITY RESIDENCES FOR MENTALLY DISABLED PERSONS IN NEED OF SUPER NY 501C3 7 LORETTO MANAGEMENT CORPORATION 0 LORETTO INDEPENDENT LIVING SERVICES INC (PACE) 700 EAST BRIGHTON AVE SYRACUSE NY 13205 161470454 PROGRAM FOR THE ALL INCLUSIVE CARE FOR THE ELDERLY NY 501C3 9 LORETTO REST REALTY CORPORATION 0 NOTTINGHAM RHCF 700 EAST BRIGHTON AVE SYRACUSE NY 13205 161468624 SKILLED NURSING FACILITY NY 501C3 9 LORETTO MANAGEMENT CORPORATION 0 NOTTINGHAM RETIREMENT COMMUNITY INC 700 EAST BRIGHTON AVE SYRACUSE NY 13205 161468628 OPERATES A SENIOR LIVING COMMUNITY NY 501C3 9 LORETTO MANAGEMENT CORPORATION 0 LORETTO PROPERTIES CORPORATION 700 EAST BRIGHTON AVE SYRACUSE NY 13205 222809537 OPERATES AND MANAGES REAL PROPERTY USED FOR THE HOUSING AND SERVICES FOR THE NY 501C3 11-TYPE II LORETTO MANAGEMENT CORPORATION 0 THE LORETTO FOUNDATION 700 EAST BRIGHTON AVE SYRACUSE NY 13205 222339225 CHARITABLE ACTIVITIES THAT BENEFIT THE LORETTO ORGANIZATION NY 501C3 11-TYPE II LORETTO MANAGEMENT CORPORATION 0 LORETTO APARTMENTS HOUSING DEVELOPMENT FUND COINC 700 EAST BRIGHTON AVE SYRACUSE NY 13205 161496955 OWNER OF LOW INCOME HOUSING FOR THE ELDERLY NY 501C3 9 LORETTO MANAGEMENT CORPORATION 0 LORETTO MALTA MANOR HOUSING DEVELOP FUND CO INC 700 EAST BRIGHTON AVE SYRACUSE NY 13205 161561842 OWNER OF LOW INCOME HOUSING FOR THE ELDERLY NY 501C3 9 LORETTO MANAGEMENT CORPORATION 0 LORETTO O'BRIEN ROAD HOUSING DEV FUND CO INC 700 EAST BRIGHTON AVE SYRACUSE NY 13205 161594409 OWNER OF LOW INCOME HOUSING FOR THE ELDERLY NY 501C3 9 LORETTO MANAGEMENT CORPORATION 0 CHURCHILL MANOR INC 700 EAST BRIGHTON AVE SYRACUSE NY 13205 161006158 OPERATES AN ASSISTED LIVING FACILITY NY 501C3 9 LORETTO MANAGEMENT CORPORATION 0 LORETTO HOUSING DEVELOPMENT FUND CO INC 700 EAST BRIGHTON AVE SYRACUSE NY 13205 223116481 OWNER OF REAL PROPERTY USED FOR HOUSING THE ELDERLY NY 501C3 9 LORETTO MANAGEMENT CORPORATION 0 LORETTO APARTMENTS AT O'BRIEN ROAD HOUSING DEVELOPMENT FUND COMPANY INC 700 EAST BRIGHTON AVE SYRACUSE NY 13205 462450456 OWNER OF LOW INCOME HOUSING FOR THE ELDERLY NY 501C3 9 LORETTO MANAGEMENT CORPORATION 0 LORETTO REST INC 700 EAST BRIGHTON AVE SYRACUSE NY 13205 150532210 PARENT CORPORATION TO VARIOUS LORETTO NOT FOR PROFIT CORPORATIONS NY 501C3 7 LORETTO MANAGEMENT CORPORATION 0 ELBRIDGE ADULT COMMUNITY 701 EAST BRIGHTON AVE SYRACUSE NY 13205 222784983 INACTIVE NY 501C3 9 LORETTO MANAGEMENT CORPORATION 0 LORETTO MANAGEMENT CORPORATION 700 EAST BRIGHTON AVE SYRACUSE NY 13205 222873640 TO ADVISE & ASSIST IN THE COORDINATING OF HEALTH, HOUSING AND WELFARE OF THE NY 501C3 11-TYPE II LORETTO MANAGEMENT CORPORATION 0 AUBURN SENIOR SERVICES INC 3 STANTHONY ST AUBURN NY 13021 463900740 TO OPERATE A SKILLED NURSING FACILITY NY 501C3 9 LORETTO MANAGEMENT CORPORATION 0 BRIGHTON MANAGEMENT SERVICES INC 700 EAST BRIGHTON AVE SYRACUSE NY 13205 161453312 CONSULTING SERVICES NY N/A C 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 1 1 0 0