Nonprofit · EIN 22-3116481
LORETTO HOUSING DEVELOPMENT FUND CO INC
Tax-exempt · SYRACUSE, NY 13205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,093 | $46,613 | -$32,520 | $249,865 | $1,034,785 | -$784,920 |
| December 31, 2023 | 990 | $11,708 | $44,276 | -$32,568 | $256,298 | $1,008,698 | -$752,400 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $14,085
- Investment income
- $8
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $14,194
- Depreciation
- $6,200
- Program services (functional)
- $46,482
- Management and general (functional)
- $131
Balance sheet and other
- Total assets, start of year
- $256,298
- Total assets, end of year
- $249,865
- Total liabilities, end of year
- $1,034,785
- Net assets, end of year
- -$784,920
- Land, buildings and equipment
- $202,724
- Net assets without donor restrictions
- -$784,920
- Gross receipts
- $14,093
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1991
- 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 |
|---|---|---|---|---|
| KIMBERLY TOWNSEND | CEO/PRESIDENT Officer | 1 | $0 | $609,681 |
| JOHN MURRAY | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $299,513 |
| HOLLY HOEHNER | VICE PRESIDENT, GENERAL COUNSEL Key employee | 1 | $0 | $274,608 |
| JOELLE MARGREY | CHIEF NURSING OFFICER Key employee | 1 | $0 | $270,163 |
| JULIE SHEEDY | CHIEF MARKETING AND ENGAGEMENT OFFICER Key employee | 1 | $0 | $251,743 |
| NANCY WILLIAMS | CHIEF PEOPLE OFFICER Key employee | 1 | $0 | $239,101 |
| BRANDON CLAPS | CHIEF INFORMATION OFFICER Key employee | 1 | $0 | $222,214 |
| JENNIFER INGERSON | VICE PRESIDENT, HOUSING Key employee | 1 | $0 | $212,150 |
| STEPHANIE BUTTON | VICE PRESIDENT, PACE Key employee | 1 | $0 | $209,010 |
| VICKI O'NEILL | BOARD MEMBER, CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEPHANIE CROCKETT | BOARD MEMBER, VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN R BRENNAN | BOARD MEMBER, SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOHN MCCABE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN BRYANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHELE JONES GALVIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| 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: 24 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 |
| HOLLY HOEHNER | VP GENERAL COUNSEL Highest-paid employee | 1 | $0 | $272,837 |
| JOELLE MARGREY | CNO Key employee | 1 | $0 | $241,541 |
| JULIE SHEEDY | VP OF MARKETING 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 |
| 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)
- KIMBERLY TOWNSEND, 700 EAST BRIGHTON AVE, SYRACUSE, NY 13205
- Signed the 990
- JOHN MURRAY, CHIEF FINANCIAL OFFICER
- Phone
- (315) 469-5570
- Website
- WWW.LORETTO-CNY.ORG
- Return prepared by
- BONADIO & CO LLP
Mission
THE ORGANIZATION RENTS REAL ESTATE TO A RELATED NOT-FOR-PROFIT SECTION 501(C)(3) ORGANIZATION WHICH OPERATES AN ALZHIEMERS RESIDENCE FOR PERSONS IN NEED OF SUPERVISION.
Program accomplishments
- LORETTO HOUSING DEVELOPMENT FUND COMPANY RENTS REAL ESTATE TO CHURCHILL MANOR, A RELATED NOT-FOR-PROFIT SECTION 501(C)(3) ORGANIZATION WHICH OPERATES A SPECIALIZED HOUSING FOR PEOPLE WITH DEMENTIA. CHURCHILL MANOR IS ABLE TO OFFER ENRICHED HOUSING AND ASSISTED LIVING SERVICES TO THIS VERY VULNERABLE POPULATION IN A WARM, HOME-LIKE ATMOSPHERE. THE ORGANIZATION OFFERS 24-HOUR SUPERVISED CONTINUOUS CARE. THE STAFF HAS EXPERIENCE, KNOWLEDGE, AND MOST IMPORTANTLY THE COMMITMENT TO PROVIDE THE QUALITY OF CARE AND SAFETY FOR THEIR RESIDENTS.Expenses $46,482 · revenue $14,085
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 22-3116481
- 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
- 1991
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P190)
- Assets (IRS master file)
- $249,865
- Income (IRS master file)
- $14,093
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,093 | $46,613 | $249,865 | XML |
| 990 | December 2023 | $11,708 | $44,276 | $256,298 | XML |
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 22-3116481).
Questions about LORETTO HOUSING DEVELOPMENT FUND CO INC
- What is the EIN of LORETTO HOUSING DEVELOPMENT FUND CO INC?
- The employer identification number (EIN) of LORETTO HOUSING DEVELOPMENT FUND CO INC is 22-3116481.
- Is LORETTO HOUSING DEVELOPMENT FUND CO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to LORETTO HOUSING DEVELOPMENT FUND CO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LORETTO HOUSING DEVELOPMENT FUND CO INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LORETTO HOUSING DEVELOPMENT FUND CO INC 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 HOUSING DEVELOPMENT FUND CO INC 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 HOUSING DEVELOPMENT FUND CO INC?
- The 990 for the year ended December 31, 2024 names KIMBERLY TOWNSEND.
- Who are the officers and directors of LORETTO HOUSING DEVELOPMENT FUND CO INC?
- The 990 for the year ended December 31, 2024 lists 25 people; 0 received compensation from the organization.
- How much revenue does LORETTO HOUSING DEVELOPMENT FUND CO INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,093, expenses of $46,613 and total assets of $249,865 at year end.
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