Nonprofit · EIN 22-2809537
LORETTO PROPERTIES CORPORATION
Tax-exempt (reinstated) · SYRACUSE, NY 13205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $253,117 | $247,368 | $5,749 | $1,024,337 | $72,862 | $951,475 |
| December 31, 2023 | 990 | $89,783 | $82,480 | $7,303 | $1,042,282 | $96,556 | $945,726 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $109,158
- Investment income
- $0
- Other revenue
- $143,959
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,588
- Occupancy
- $125,274
- Depreciation
- $75,670
- Program services (functional)
- $247,368
Balance sheet and other
- Total assets, start of year
- $1,042,282
- Total assets, end of year
- $1,024,337
- Total liabilities, end of year
- $72,862
- Net assets, end of year
- $951,475
- Land, buildings and equipment
- $882,895
- Net assets without donor restrictions
- $951,475
- Gross receipts
- $253,117
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1986
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KIMBERLY TOWNSEND | CEO/PRESIDENT Officer | 1 | $0 | $609,681 | $27,907 |
| JOHN MURRAY | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $299,513 | $4,334 |
| HOLLY HOEHNER | VICE PRESIDENT, GENERAL COUNSEL Highest-paid employee | 1 | $0 | $274,608 | $3,976 |
| DAVID HEISIG | MEDICAL DIRECTOR Officer | 1 | $0 | $274,997 | $0 |
| JOELLE MARGREY | CHIEF NURSING OFFICER Key employee | 1 | $0 | $270,163 | $3,748 |
| JULIE SHEEDY | CHIEF MARKETING AND ENGAGEMENT OFFICER Key employee | 0 | $0 | $251,743 | $3,797 |
| NANCY WILLIAMS | CHIEF PEOPLE OFFICER Key employee | 1 | $0 | $239,101 | $468 |
| BRANDON CLAPS | CHIEF INFORMATION OFFICER Key employee | 1 | $0 | $222,214 | $3,490 |
| JENNIFER INGERSON | VICE PRESIDENT, HOUSING Key employee | 1 | $0 | $212,150 | $3,332 |
| STEPHANIE BUTTON | VICE PRESIDENT, PACE Key employee | 1 | $0 | $209,010 | $3,287 |
| CHRISTINE STANFORD | CHIEF OPERATING OFFICER Key employee | 1 | $0 | $205,298 | $3,316 |
| VICKI O'NEILL | BOARD MEMBER, CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEPHANIE CROCKETT | BOARD MEMBER, VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN R BRENNAN | BOARD MEMBER, SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN MCCABE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN BRYANS | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELE JONES GALVIN | BOARD MEMBER Trustee or director | 1 | $0 |
| STEPHEN J KINGSTON | BOARD MEMBER Trustee or director | 1 | $0 |
| SAM CARELLO | BOARD MEMBER Trustee or director | 1 | $0 |
| CRAIG LUCE | BOARD MEMBER Trustee or director | 1 | $0 |
| PETER MUSERLIAN | BOARD MEMBER Trustee or director | 1 | $0 |
| ELIZABETH QUILTER | BOARD MEMBER Trustee or director | 1 | $0 |
| JAY SUBEDI | BOARD MEMBER Trustee or director | 1 | $0 |
| GWEN WEBBER-MCLEOD | BOARD MEMBER Trustee or director | 1 | $0 |
| ROSEMARY AVILA-TICIO | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE BUCK | BOARD MEMBER Trustee or director | 1 | $0 |
| KIRA REED | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KIMBERLY TOWNSEND | PRESIDENT Officer | 1 | $0 | $775,078 | $0 |
| JOHN MURRAY | CFO Officer | 1 | $0 | $305,507 | $0 |
| DAVID HEISIG | MEDICAL DIRECTOR Highest-paid employee | 0 | $0 | $274,997 | $0 |
| HOLLY HOEHNER | VP GENERAL COUNSEL Highest-paid employee | 1 | $0 | $272,837 | $0 |
| JOELLE MARGREY | CNO Key employee | 1 | $0 | $241,541 | $0 |
| JULIE SHEEDY | CHIEF MARKETING AND ENGAGEMENT OFFICER Key employee | 1 | $0 | $240,026 | $0 |
| BRANDON CLAPS | CIO Key employee | 1 | $0 | $210,362 | $0 |
| JENNIFER INGERSON | VP OF HOUSING Key employee | 1 | $0 | $202,284 | $0 |
| STEPHANIE BUTTON | VP OF LORETTO INDEPENDENT LIVING SERVICES, INC. Key employee | 1 | $0 | $194,812 | $0 |
| LORI SAKALAS | FORMER CHIEF OPERATING OFFICER Former | 1 | $0 | $159,716 | $1,946 |
| JOHN MCCABE | BOARD MEMBER, CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROBERT J MARZELLA | BOARD MEMBER, VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN R BRENNAN | BOARD MEMBER, SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VICKI O'NEILL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PIERRE MORRISSEAU | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ELIZABETH QUILTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINE WOODCOCK DETTOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHELE JONES GALVIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAY SUBEDI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN BRYANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GWEN WEBBER-MCLEOD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEPHEN J KINGSTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SAM CARELLO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CRAIG LUCE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PETER MUSERLIAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE CROCKETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 700 E BRIGHTON AVE, SYRACUSE, NY 13205-2201
- Principal officer (990 for 2024)
- JOHN G MURRAY, 700 EAST BRIGHTON AVE, SYRACUSE, NY 13205
- Signed the 990
- JOHN G MURRAY, CHIEF FINANCIAL OFFICER
- Phone
- (315) 413-3206
- Return prepared by
- BONADIO & CO LLP
Mission
TO ACQUIRE, OWN, LEASE AND MANAGE REAL ESTATE FOR THE BENEFIT OF AFFILIATED NOT FOR PROFIT 501(C)(3) ORGANIZATIONS THAT PROVIDE LOW INCOME HOUSING TO THE FRAIL ELDERLY.
Program accomplishments
- THE CORPORATION MANAGES A 14-BEDROOM HOME, KNOWN AS FOREST VIEW AT FAYETTE, FOR SENIORS WHO WISH TO RESIDE IN A RESIDENTIAL SETTING. A 24-HOUR STAFF ASSISTS WITH PERSONAL CARE AND MEDICATION MANAGEMENT. IT PROVIDES THE FRAIL ELDERLY WITH THE OPTION TO REMAIN INDEPENDENT AND LIVING IN THE COMMUNITY FOR AS LONG AS POSSIBLE. THE FACILITY WAS BUILT IN 2008 AND OPENED IN JANUARY 2009.Expenses $247,368 · revenue $253,117
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2809537
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $1,024,337
- Income (IRS master file)
- $253,117
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- August 14, 2023
- Reinstated
- Effective May 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $89,783 | $82,480 | $1,042,282 | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about LORETTO PROPERTIES CORPORATION
- What is the EIN of LORETTO PROPERTIES CORPORATION?
- The employer identification number (EIN) of LORETTO PROPERTIES CORPORATION is 22-2809537.
- Is LORETTO PROPERTIES CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
- Are donations to LORETTO PROPERTIES CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LORETTO PROPERTIES CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LORETTO PROPERTIES CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LORETTO PROPERTIES CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LORETTO PROPERTIES CORPORATION?
- The 990 for the year ended December 31, 2024 names JOHN G MURRAY.
- Who are the officers and directors of LORETTO PROPERTIES CORPORATION?
- The 990 for the year ended December 31, 2024 lists 27 people; 0 received compensation from the organization.
- How much revenue does LORETTO PROPERTIES CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $253,117, expenses of $247,368 and total assets of $1,024,337 at year end.
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