Nonprofit · EIN 22-2873640
LORETTO MANAGEMENT CORPORATION
Tax-exempt · SYRACUSE, NY 13205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $28,348,226 | $30,371,183 | -$2,022,957 | $23,148,493 | $24,410,005 | -$1,261,512 |
| December 31, 2023 | 990 | $28,478,654 | $29,984,221 | -$1,505,567 | $32,641,623 | $19,642,437 | $12,999,186 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $26,675,722
- Investment income
- $0
- Other revenue
- $1,672,504
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $16,203,040
- Salaries, compensation and benefits (total)
- $19,596,102
- Professional fundraising fees
- $0
- Legal fees
- $161,772
- Accounting fees
- $136,449
- Occupancy
- $530,727
- Travel
- $29,923
- Depreciation
- $255,126
- Program services (functional)
- $22,618,935
- Management and general (functional)
- $7,752,248
Balance sheet and other
- Total assets, start of year
- $32,641,623
- Total assets, end of year
- $23,148,493
- Total liabilities, end of year
- $24,410,005
- Net assets, end of year
- -$1,261,512
- Land, buildings and equipment
- $917,979
- Net assets without donor restrictions
- -$15,763,836
- Net assets with donor restrictions
- $14,502,324
- Gross unrelated business income
- $340,274
- Gross receipts
- $28,348,226
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1988
- 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 |
|---|---|---|---|---|
| KIMBERLY TOWNSEND | PRESIDENT Officer | 1 | $0 | $775,078 |
| JOHN MURRAY | CFO Officer | 1 | $0 | $305,507 |
| DAVID HEISIG | MEDICAL DIRECTOR Highest-paid employee | 0 | $0 | $274,997 |
| HOLLY HOEHNER | VP GENERAL COUNSEL Highest-paid employee | 1 | $0 | $272,837 |
| JOELLE MARGREY | CNO Key employee | 1 | $0 | $241,541 |
| JULIE SHEEDY | CHIEF MARKETING AND ENGAGEMENT OFFICER Key employee | 1 | $0 | $240,026 |
| BRANDON CLAPS | CIO Key employee | 1 | $0 | $210,362 |
| JENNIFER INGERSON | VP OF HOUSING Key employee | 1 | $0 | $202,284 |
| STEPHANIE BUTTON | VP OF LORETTO INDEPENDENT LIVING SERVICES, INC. Key employee | 1 | $0 | $194,812 |
| LORI SAKALAS | FORMER CHIEF OPERATING OFFICER Former | 1 | $0 | $159,716 |
| JOHN MCCABE | BOARD MEMBER, CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT J MARZELLA | BOARD MEMBER, VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN R BRENNAN | BOARD MEMBER, SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| VICKI O'NEILL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PIERRE MORRISSEAU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELIZABETH QUILTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTINE WOODCOCK DETTOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHELE JONES GALVIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAY SUBEDI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN BRYANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GWEN WEBBER-MCLEOD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHEN J KINGSTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SAM CARELLO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRAIG LUCE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PETER MUSERLIAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHANIE CROCKETT | BOARD MEMBER Trustee or director | 1 | $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) 469-5570
- Website
- WWW.LORETTO-CNY.ORG
- Return prepared by
- BONADIO & CO LLP
Mission
TO ADVISE AND ASSIST RELATED ORGANIZATIONS IN THE PLANNING AND COORDINATING OF ACTIVITIES FOR THE DELIVERY OF SERVICES TO ADVANCE THE HEALTH, HOUSING, AND WELFARE OF THE ELDERLY.
Program accomplishments
- TO PROVIDE FOOD AND FOOD SERVICE TO NURSING HOMES AND OTHER HEALTH CARE RELATED ENTITIES.Expenses $8,393,099 · revenue $11,289,116
- THE ORGANIZATION PROVIDES SERVICES IN THE AREAS OF HUMAN RESOURCES, FINANCE, INFORMATION TECHNOLOGY AND ADMINISTRATION, AS WELL AS MEDICAL RECORDS MANAGMENT.Expenses $631,739 · revenue $340,274
- THE ORGANIZATION PROVIDES HEALTHCARE & NUTRITION SERVICES TO RELATED & UNRELATED ORGANIZATIONSExpenses $12,261,285 · revenue $15,046,332
- OTHER ADMINISTRATIVE SERVICESExpenses $1,332,812 · revenue $1,672,504
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
- 22-2873640
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E91B)
- Assets (IRS master file)
- $23,148,493
- Income (IRS master file)
- $28,348,226
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $28,348,226 | $30,371,183 | $23,148,493 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $28,478,654 | $29,984,221 | $32,641,623 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $26,904,550 | $28,010,824 | $47,134,372 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | $24,402,179 | $25,232,697 | $57,323,292 | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | $27,327,092 | $26,773,390 | $52,862,790 | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 22-2873640).
Questions about LORETTO MANAGEMENT CORPORATION
- What is the EIN of LORETTO MANAGEMENT CORPORATION?
- The employer identification number (EIN) of LORETTO MANAGEMENT CORPORATION is 22-2873640.
- Is LORETTO MANAGEMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to LORETTO MANAGEMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LORETTO MANAGEMENT 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 MANAGEMENT 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 MANAGEMENT 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 MANAGEMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names JOHN G MURRAY.
- Who are the officers and directors of LORETTO MANAGEMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 27 people; 0 received compensation from the organization.
- How much revenue does LORETTO MANAGEMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $28,348,226, expenses of $30,371,183 and total assets of $23,148,493 at year end.
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