LORETTO APARTMENTS HOUSING DEVELOPMENT FUND CO INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LORETTO APARTMENTS HOUSING DEVELOPMENT FUND CO INC (EIN 16-1496955)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-11
IRS object ID
202413169349302186
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-11T10:30:09-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN161131146PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BONADIO & CO LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1432 NORTH FRANKLIN STREETAddressLine1Txt
CitySYRACUSECityNm
State AbbreviationNYStateAbbreviationCd
ZIP13204ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN161496955EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LORETTO APARTMENTS HOUSING DEVELOPMENTBusinessNameLine1Txt
Business Name Line2FUND COMPANY INC (MALTA HOUSE APARTMENBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLOREBusinessNameControlTxt
Phone3154241821PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1990 JAMES STREETAddressLine1Txt
CitySYRACUSECityNm
State AbbreviationNYStateAbbreviationCd
ZIP13203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKIMBERLY TOWNSENDPersonNm
Person TitleCHAIRPERSONPersonTitleTxt
Phone3154241821PhoneNum
Signature2024-11-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBENJAMIN NOVAKPreparerPersonNm
PTINP01946532PTIN
Phone3154227109PhoneNum
Preparation2024-11-06PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKIMBERLY GRUNINGERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1990 JAMES STREETAddressLine1Txt
CitySYRACUSECityNm
State AbbreviationNYStateAbbreviationCd
ZIP13203ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$358,453GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Group Exemption0928GroupExemptionNum
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CHRISTOPHER-COMMUNITY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1996FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionLOW INCOME HOUSING PROJECT.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers3TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$335,095PYProgramServiceRevenueAmt
CY Program Service Revenue$349,770CYProgramServiceRevenueAmt
PY Investment Income$1,121PYInvestmentIncomeAmt
CY Investment Income$5,315CYInvestmentIncomeAmt
PY Other Revenue$7,073PYOtherRevenueAmt
CY Other Revenue$3,368CYOtherRevenueAmt
PY Total Revenue$343,289PYTotalRevenueAmt
CY Total Revenue$358,453CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$86,050PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$43,556CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$386,763PYOtherExpensesAmt
CY Other Expenses$431,278CYOtherExpensesAmt
PY Total Expenses$472,813PYTotalExpensesAmt
CY Total Expenses$474,834CYTotalExpensesAmt
PY Revenues Less Expenses-$129,524PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$116,381CYRevenuesLessExpensesAmt
Total Assets BOY$1,710,422TotalAssetsBOYAmt
Total Assets EOY$1,594,782TotalAssetsEOYAmt
Total Liabilities BOY$39,619TotalLiabilitiesBOYAmt
Total Liabilities EOY$40,360TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,670,803NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,554,422NetAssetsOrFundBalancesEOYAmt
MissionTHE CORPORATION WAS ORGANIZED EXCLUSIVELY TO DEVELOP, OWN, AND OPERATE A LOW-INCOME HOUSING PROJECT ON A NONPROFIT BASIS PERSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$395,462ExpenseAmt
Revenue$353,138RevenueAmt
DescOPERATION OF A 50-UNIT LOW-INCOME HOUSING PROJECT ON A NONPROFIT BASIS PERSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.Desc
Total Program Service Expenses$395,462TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document7IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KYLE LYSKAWA CFOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3154241821PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1990 JAMES STREETAddressLine1Txt
CitySYRACUSECityNm
State AbbreviationNYStateAbbreviationCd
ZIP13203ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
KIM GRUNINGER
CHAIRPERSON1.0039.00Yes (X)Yes (X)$0$775,079$27,379
JOHN MURRAY
MEMBER1.0039.00Yes (X)$0$305,506$4,238
SISTER LINDA ANN PALMISANO
MEMBER1.00Yes (X)$0$0$0
SISTER JANE BOURNE
MEMBER1.00Yes (X)$0$0$0
JOHN BRENNAN
SECRETARY1.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$1,080,585TotReportableCompRltdOrgAmt
Total Other Compensation$31,617TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME - TENANT531110$206,884$206,884
RENTAL INCOME - HUD531110$142,886$142,886
FieldValueIRS element (for citing)
Total Program Service Revenue$349,770TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,315TotalRevenueColumnAmt
Exclusion$5,315ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER MISC. INCOMEDesc
Business532000BusinessCd
Total Revenue Column$3,368TotalRevenueColumnAmt
Related Or Exempt Func Income$3,368RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$3,368OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$358,453TotalRevenueColumnAmt
Related Or Exempt Func Income$353,138RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$5,315ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$37,148TotalAmt
Program Services$37,148ProgramServicesAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$443TotalAmt
Program Services$443ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,292TotalAmt
Program Services$1,292ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$4,673TotalAmt
Program Services$4,673ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$40,942TotalAmt
Management And General$40,942ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,085TotalAmt
Management And General$1,085ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$14,810TotalAmt
Management And General$14,810ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$360TotalAmt
Management And General$360ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$12,386TotalAmt
Management And General$12,386ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$208,327TotalAmt
Program Services$208,327ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$291TotalAmt
Management And General$291ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$114,200TotalAmt
Program Services$114,200ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$29,379TotalAmt
Program Services$29,379ProgramServicesAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescOTHER MISC. EXPENSESDesc
Total$9,498TotalAmt
Management And General$9,498ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$474,834TotalAmt
Program Services$395,462ProgramServicesAmt
Management And General$79,372ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$3,483BOYAmt
EOY$2,021EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,566BOYAmt
EOY$915EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,254BOYAmt
EOY$2,530EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,804,461LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,542,049LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,361,225BOYAmt
EOY$1,262,412EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$339,894BOYAmt
EOY$326,904EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,710,422BOYAmt
EOY$1,594,782EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$18,746BOYAmt
EOY$21,498EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$2,959BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$17,914BOYAmt
EOY$18,862EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$39,619BOYAmt
EOY$40,360EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$1,787,897BOYAmt
EOY-$1,904,278EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,458,700BOYAmt
EOY$3,458,700EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,670,803BOYAmt
EOY$1,554,422EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,710,422BOYAmt
EOY$1,594,782EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$116,381ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$320,823CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$327,254CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$335,018CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$335,095CurrentTaxYearMinus1YearAmt
Current Tax Year$349,770CurrentTaxYearAmt
Total$1,667,960TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$320,823CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$327,254CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$335,018CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$335,095CurrentTaxYearMinus1YearAmt
Current Tax Year$349,770CurrentTaxYearAmt
Total$1,667,960TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$1,667,960PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,514CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,408CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$983CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,121CurrentTaxYearMinus1YearAmt
Current Tax Year$5,315CurrentTaxYearAmt
Total$17,341TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,514CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,408CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$983CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,121CurrentTaxYearMinus1YearAmt
Current Tax Year$5,315CurrentTaxYearAmt
Total$17,341TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$3,900CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,073CurrentTaxYearMinus1YearAmt
Current Tax Year$3,368CurrentTaxYearAmt
Total$14,341TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$326,337CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$331,662CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$339,901CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$343,289CurrentTaxYearMinus1YearAmt
Current Tax Year$358,453CurrentTaxYearAmt
Total$1,699,642TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.98140PublicSupportCY509Pct
Public Support PY5090.98320PublicSupportPY509Pct
Investment Income CY0.01020InvestmentIncomeCYPct
Investment Income PY0.01020InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$271,447OtherCostOrOtherBasisAmt
Book Value$271,447BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,295,373OtherCostOrOtherBasisAmt
Depreciation$2,331,613DepreciationAmt
Book Value$963,760BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$237,641OtherCostOrOtherBasisAmt
Depreciation$210,436DepreciationAmt
Book Value$27,205BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,262,412TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
INSURANCE ESCROW DEPOSITS$21,231
RESERVE FOR REPLACEMENTS$285,332
TENANTS' SECURITY DEPOSITS$18,862
RESIDUAL RECEIPTS RESERVE$1,479
FieldValueIRS element (for citing)
Total Book Value Other Assets$326,904TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescTENANTS' SECURITY DEPOSITSDesc
Amt$18,862Amt
FieldValueIRS element (for citing)
Total Liability$18,862TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$358,453TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$358,453RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$358,453TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$474,834TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$474,834ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$474,834TotalExpensesPerForm990Amt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
KIM GRUNINGER
CHAIRPERSON$0$586,444$0$88,635$0$100,000$0$23,041$0$4,338$0$802,458$0$0
JOHN MURRAY
MEMBER$0$283,652$0$17,417$0$4,437$0$0$0$4,238$0$309,744$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO CHRISTOPHER COMMUNITY UNDER THE DIRECT SUPERVISION OF THE BOARD OF DIRECTORS. THIS INCLUDES BOOKKEEPING, PROPERTY MANAGEMENT, AND PERSONNEL RELATED FUNCTIONS.
FORM 990, PART VI, SECTION B, LINE 11BTHE CFO FOR THE MANAGING AGENT RECEIVES THE 990 FROM THE AUDITOR AND REVIEWS THE FORM. THE 990 IS REVIEWED BY THE CPA WITH THE BOARD OF DIRECTORS AS A PART OF THE ANNUAL AUDIT MEETING PRIOR TO THE FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CTHE MANAGING AGENT REVIEWS THE CONFLICT OF INTEREST STATEMENTS SIGNED BY THE BOARD MEMBERS ANNUALLY FOR EACH PROPERTY. IF A CONFLICT ARISES THE MANAGING AGENT MONITORS THE TRANSACTION TO ENSURE IT IS CONDUCTED AT ARMS-LENGTH. THE MANAGING AGENT DISCOURAGES THIS TYPE OF RELATIONSHIP AND RECOMMENDS AN ALTERNATIVE SITUATION IF AT ALL POSSIBLE.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:THERE HAS BEEN NO CHANGES TO THE OVERSIGHT PROCESS.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1ADVANCED INSTITUTIONAL SUPPORT SERVICES LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1700 EAST BRIGHTON AVEAddressLine1Txt
CitySYRACUSECityNm
State AbbreviationNYStateAbbreviationCd
ZIP13205ZIPCd
FieldValueIRS element (for citing)
EIN200424458EIN
Primary ActivitiesPROVIDES FOOD AND FOOD SERVICE OPERATIONS TO VARIOUS LORETTO AFFILIATESPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1LORETTO MANAGEMENT CORPORATIONBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (20 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
BERNARDINE APARTMENTS
700 EAST BRIGHTON AVESYRACUSENY13205161012804LOW INCOME HOUSING FOR THE ELDERLYNY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
LORETTO ADULT COMMUNITY INC
700 EAST BRIGHTON AVESYRACUSENY13205222588128ASSISTED LIVINGNY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
LORETTO INDEPENDENT LIVING SERVICES INC (PACE)
700 EAST BRIGHTON AVESYRACUSENY13205161470454ALL INCLUSIVE CARE FOR THE ELDERLYNY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
LORETTO GERIATRIC COMMUNITY RESIDENCES
700 EAST BRIGHTON AVESYRACUSENY13205161234898COMMUNITY RESIDENCES FOR MENTALLY DISABLED PERSONS IN NEEDNY501(C)(3)LINE 7LORETTO MANAGEMENT CORPORATION0
NOTTINGHAM RHCF
700 EAST BRIGHTON AVESYRACUSENY13205161468624SKILLED NURSING FACILITYNY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
NOTTINGHAM RETIREMENT COMMUNITY INC
700 EAST BRIGHTON AVESYRACUSENY13205161468628SENIOR LIVING COMMUNITYNY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
LORETTO PROPERTIES CORP
700 EAST BRIGHTON AVESYRACUSENY13205222809537OPERATE AND MANAGE REAL PROPERTY FOR HOUSING AND SERVICES FOR ELDERLYNY501(C)(3)LINE 12B, IILORETTO MANAGEMENT CORPORATION0
THE LORETTO FOUNDATION
700 EAST BRIGHTON AVESYRACUSENY13205222339225CHARITABLE ACTIVITIES THAT BENEFIT THE LORETTO ORGANIZATIONNY501(C)(3)LINE 12B, IILORETTO MANAGEMENT CORPORATION0
LORETTO HEALTH AND REHABILITATION CENTER
700 EAST BRIGHTON AVESYRACUSENY13205200503099SKILLED NURSING FACILITYNY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
LORETTO MALTA MANOR HOUSING DEVELOPMENT FUND CO INC
700 EAST BRIGHTON AVESYRACUSENY13205161561842LOW INCOME HOUSING FOR THE ELDERLYNY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
LORETTO O'BRIEN ROAD HOUSING DEVELOPMENT FUND CO INC
700 EAST BRIGHTON AVESYRACUSENY13205161594409LOW INCOME HOUSING FOR THE ELDERLYNY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
CHURCHILL MANOR INC
700 EAST BRIGHTON AVESYRACUSENY13205161006158ASSISTED LIVINGNY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
LORETTO HOUSING DEVELOPMENT FUND CO INC
700 EAST BRIGHTON AVESYRACUSENY13205223116481HOUSING FOR THE ELDERLYNY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
LORETTO APARTMENTS AT O'BRIEN ROAD HOUSING DEVELOPMENT FUND CO INC
700 EAST BRIGHTON AVESYRACUSENY13205462450456LOW INCOME HOUSING FOR THE ELDERLYNY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
LORETTO REST INC
700 EAST BRIGHTON AVESYRACUSENY13205150532210PARENT CORPORATION TO VARIOUS LORETTO ORGANIZATIONSNY501(C)(3)LINE 7LORETTO MANAGEMENT CORPORATION0
ELBRIDGE ADULT COMMUNITY
700 EAST BRIGHTON AVESYRACUSENY13205222784983INACTIVENY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
LORETTO MANAGEMENT CORPORATION
700 EAST BRIGHTON AVESYRACUSENY13205222873640ADVISE AND ASSIST IN COORDINATING OF HEALTH, HOUSING, WELFARE OF THE ELDERLYNY501(C)(3)LINE 12B, IILORETTO MANAGEMENT CORPORATION0
AUBURN SENIOR SERVICES INC
700 EAST BRIGHTON AVESYRACUSENY13205463900740OPERATE SKILLED NURSING FACILITYNY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
LORETTO REST REALTY CORPORATION
700 EAST BRIGHTON AVESYRACUSENY13205161019465HEALTHCARE AND RENTAL OF SPACE FOR HEALTHCARE COMPANIESNY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
LORETTO BUCKLEY LANDING HOUSING DEVELOPMENT FUND CO INC
700 EAST BRIGHTON AVESYRACUSENY13205932485255HOLDS DEBT ON BEHALF OF BUCKLEY LANDING FACILITY OPERATIONSNY501(C)(3)LINE 10LORETTO MANAGEMENT CORPORATION0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1LORETTO MANAGEMENT CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeMTransactionTypeTxt
Method Of Amount DeterminationCONTRACTMethodOfAmountDeterminationTxt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.