2023-11-15T09:44:56-06:00 2022-12-31 161131146 BONADIO & CO LLP 6 WEMBLEY CT ALBANY NY 12205 990 2022-01-01 161019465 LORETTO REST REALTY CORPORATION LORE 3154695570 700 E BRIGHTON AVE SYRACUSE NY 13205 JOHN MURRAY CFO 3154132298 2023-11-14 1 JOHN MURRAY XXX-XX-XXXX 0 JUDITH J SORO P00743262 5184644080 2023-11-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN MURRAY 700 E BRIGHTON AVE SYRACUSE NY 13205 924975 0 X HTTP://WWW.LORETTOCNY.ORG X 2003 NY HEALTHCARE & RENTAL OF SPACE TO HEALTHCARE COMPANIES 14 14 1543 0 22012 21012 0 0 1049705 924975 0 0 0 0 1049705 924975 0 0 0 0 20425 17270 0 0 0 1013054 917391 1033479 934661 16226 -9686 30024366 20577036 14651462 20876753 15372904 -299717 THE COMPANY PROVIDES DENTAL, PODIATRY, AND VISION SERVICES TO PATIENTS THROUGH ITS CLINIC. THE COMPANY ALSO LEASES REAL PROPERTY TO LORETTO HEALTH & REHABILITATION CENTER. 0 0 703580 696385 THE ORGANIZATION OWNS REAL PROPERTY AND LEASES IT TO LORETTO HEALTH & REHABILITATION CENTER, A 583 BED SKILLED NURSING FACILITY. 229228 206578 PROVIDING DENTAL, VISION, AND PODIATRY SERVICES THROUGH IT'S CLINIC. 932808 1 0 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 4 0 1 1543 1 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 1 1 1 1 1 1 1 1 0 NY X JOHN G MURRAY 3154133206 700 EAST BRIGHTON AVE SYRACUSE NY 132052298 X VICKI O'NEILL BOARD MEMBER, PAST CHAIR 1.00 X X 0 0 0 JOHN MCCABE BOARD MEMBER, CHAIR 1.00 X X 0 0 0 JOHN R BRENNAN BOARD MEMBER, SECRETARY 1.00 X X 0 0 0 ROBERT MARZELLA BOARD MEMBER, VICE CHAIR 1.00 X 0 0 0 PIERRE MORRISSEAU 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 ELIZABETH QUILTER BOARD MEMBER 1.00 X 0 0 0 KEVIN BRYANS BOARD MEMBER 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 SAM CARELLO BOARD MEMBER 1.00 X 0 0 0 CRAIG LUCE BOARD MEMBER 1.00 X 0 0 0 PETER MUSERLIAN BOARD MEMBER 1.00 X 0 0 0 KIMBERLY TOWNSEND PRESIDENT 1.00 39.00 X 0 806740 58527 JOHN MURRAY CFO 1.00 39.00 X 0 312171 15447 BRANDON CLAPS CIO 1.00 39.00 X 0 200165 3759 DAVID HEISIG MEDICAL DIRECTOR 1.00 40.00 X 0 273074 27294 JOELLE MARGREY CNO 1.00 39.00 X 0 236531 31739 JULIE SHEEDY VP OF MARKETING 1.00 39.00 X 0 226089 21197 JENNIFER INGERSON VP OF HOUSING 1.00 39.00 X 0 207068 25384 STEPHANIE BUTTON VP OF LORETTO INDEPENDENT 1.00 39.00 X 0 187623 50596 LORI SAKALAS COO 1.00 39.00 X 0 232000 37337 HOLLY HOEHNER VP GENERAL COUNSEL 1.00 39.00 X 0 267835 57362 0 2949296 328642 28 0 1 0 DENTSERV DENTAL SERVICES 15 CANAL RD PELHAM NY 10803 DENTAL SERVICES 137523 1 RENTAL REVENUE 531390 718397 696385 22012 NET PATIENT REVENUE 621400 206578 206578 924975 924975 902963 22012 0 X 14023 14023 2831 2831 416 416 133 133 143049 143049 3407 2579 828 82432 82432 655 655 483758 483758 237 237 726 726 150168 150168 SUPPLIES 52826 52826 934661 932808 1853 0 50 50 615192 613829 2089 1363 30022227 20575623 30024366 20577036 232704 194944 13305536 15135500 1113222 5546309 14651462 20876753 X 15372904 -299717 15372904 -299717 30024366 20577036 X -9686 -15662935 X X 0 0 0 X 392161 392161 0 223031 221668 1363 1363 ASSETS LIMITED AS TO USE 5257336 DUE FROM AFFILIATES, NET 36773 NET INVESTMENT IN DIRECT FINANCING LEASE AND NOTE RECEIVABLE 15135500 PREPAIDS AND OTHER ASSETS 146014 20575623 ASSETS HELD AS CUSTODIAN FOR LORETTO HEALTH & REHAB CENTER 5257336 DUE TO THIRD PARTY PAYORS 60454 DUE TO AFFILIATES 228519 5546309 X 924975 0 924975 0 924975 934661 0 934661 0 934661 PART X, LINE 2: THE COMPANY HAS BEEN GRANTED TAX EXEMPTION STATUS PURSUANT TO 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. THE COMPANY DID 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. 1 X X X X 0 0 0 0 0 0 0 0 0 KIMBERLY TOWNSEND PRESIDENT 0 570000 0 150000 0 86740 0 47500 0 11027 0 865267 0 0 JOHN MURRAY CFO 0 280000 0 28000 0 4171 0 13720 0 1727 0 327618 0 0 HOLLY HOEHNER VP GENERAL COUNSEL 0 240000 0 23999 0 3836 0 47500 0 9862 0 325197 0 0 DAVID HEISIG MEDICAL DIRECTOR 0 273074 0 0 0 0 0 27000 0 294 0 300368 0 0 LORI SAKALAS COO 0 230000 0 2000 0 0 0 32796 0 4541 0 269337 0 0 JOELLE MARGREY CNO 0 210000 0 23002 0 3529 0 27491 0 4248 0 268270 0 0 JULIE SHEEDY VP OF MARKETING 0 203250 0 19438 0 3401 0 15588 0 5609 0 247286 0 0 STEPHANIE BUTTON VP OF LORETTO INDEPENDENT 0 168000 0 16800 0 2823 0 47031 0 3565 0 238219 0 0 JENNIFER INGERSON VP OF HOUSING 0 185411 0 18541 0 3116 0 20500 0 4884 0 232452 0 0 BRANDON CLAPS CIO 0 179230 0 17923 0 3012 0 0 0 3759 0 203924 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. THE CORPORATION IS THE SOLE CORPORATE MEMBER OF LORETTO INDEPENDENT LIVING SERVICES, INC. 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 BEFORE FILING, A COPY OF FORM 990 WAS REVIEWED BY THE FINANCE COMMITTEE. THE FINANCE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES. THE RETURN WAS MADE AVAILABLE TO ALL MEMBERS OF THE COMMITTEE FOR REVIEW PRIOR TO FILING. 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 STEPHANIE BUTTON IS VICE PRESIDENT OF LORETTO INDEPENDENT LIVING SERVICES, INC. AND OVERSEES THE OPERATIONS OF THE CLINIC OPERATED BY LORETTO REST REALTY CORPORATION. LORI SAKALAS IS THE CHIEF OPERATING OFFICER OF THE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. FORM 990, PART IX, LINE 11G MEDICAL AND OTHER RELATED SERVICES: PROGRAM SERVICE EXPENSES 143,049. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 143,049. FORM 990, PART XI, LINE 9: LOSS ON TRANSFER OF INVESTMENT IN AFFILIATE TO PARENT -15,662,935. FORM 990, PART XII LINE 2C THE LORETTO AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ORGANIZATION'S AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR. FORM 990, PART V LINE 2A COMMON PAYMASTER THE ORGANIZATION IS THE COMMON PAYMASTER FOR SALARIES FOR: BERNARDINE APARTMENTS 16-1012804 CHURCHILL MANOR, INC. 16-1006158 LORETTO ADULT COMMUNITY, INC. 22-2588128 LORETTO GERIATRIC COMMUNITY RESIDENCES 16-1234898 LORETTO INDEPENDENT LIVING SERVICES INC. (PACE) 16-1470454 LORETTO MANAGEMENT CORPORATION 22-3174823 NOTTINGHAM RHCF 16-1468624 THE LORETTO FOUNDATION 22-2339225 NOTTINGHAM RETIREMENT COMMUNITY, INC. 16-1468628 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 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0