AUBURN SENIOR SERVICES INC: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- AUBURN SENIOR SERVICES INC (EIN 46-3900740)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-11
- IRS object ID
- 202143159349304184
- Schema version
- 2020v4.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-11T09:45:46-08:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BMW TAX SERVICE | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 YORK ST | AddressLine1Txt |
| City | AUBURN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13021 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463900740 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Auburn Senior Services Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | AUBU | BusinessNameControlTxt |
| Phone | 3152530351 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3 St Anthony Street | AddressLine1Txt |
| City | Auburn | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13021 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN MURRAY | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 3152530351 | PhoneNum |
| Signature | 2021-11-05 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JOHN | PersonFirstNm |
| Person Last | MURRAY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | T Beyor | PreparerPersonNm |
| PTIN | P00113949 | PTIN |
| Phone | 3152527479 | PhoneNum |
| Preparation | 2021-11-11 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KIMBERLY TOWNSEND | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 EAST BRIGHTON AVE | AddressLine1Txt |
| City | SYRACUSE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $33,664,763 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | http://www.lorettocny.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2013 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | Residential Health Care Facility and Adult Medical Daycare Center | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 642 | TotalEmployeeCnt |
| Total Volunteers | 3 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $40,352 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,755,271 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $31,269,341 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $28,909,492 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $31,309,693 | PYTotalRevenueAmt |
| CY Total Revenue | $33,664,763 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,049,119 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $16,895,841 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $13,218,224 | PYOtherExpensesAmt |
| CY Other Expenses | $14,949,065 | CYOtherExpensesAmt |
| PY Total Expenses | $30,267,343 | PYTotalExpensesAmt |
| CY Total Expenses | $31,844,906 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,042,350 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,819,857 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $30,838,682 | TotalAssetsBOYAmt |
| Total Assets EOY | $34,954,015 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $30,570,617 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $33,359,369 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $268,065 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,594,646 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO BE A FAMILY OF EXCEPTIONAL PEOPLE CARING FOR AND ABOUT EACH OTHER | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $25,098,330 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $26,226,676 | RevenueAmt |
| Desc | ASSI'S NURSING FACILITY OFFERS LONG TERM CARE FOR OLDER ADULTS REQUIRING 24 HOUR CARE. RESIDENTS HEALTH CARE NEEDS ARE MET BY CARING, WELL TRAINED INTERDISCIPLINARY TEAMS KNOWLEDGABLE ON THE LATEST RESEARCH AND TRENDS IN GERIATRIC MEDICINE. WHILE NURSING HOME RESIDENTS TEND TO BE AMONG THE FRAILEST SENIORS, ASSI'S CREATIVE RECREATIONAL THERAPISTS CONDUCT DAILY ACTIVITIES AND EVENTS TO ENHANCE THE VITALITY, DIGNITY AND SPIRITUAL LIFE OF EVERY RESIDENT. THESE DAILY ACTIVITIES MIGHT INCLUDE GROUP CROSSWORD PUZZLES, HALLWAY BOWLING OR OUTINGS TO A FAVORITE RESTAURANT. IN EVERY INSTANCE THEY ARE DESIGNED TO ENCOURAGE SOCIAL INTERACTION WHILE ENHANCING QUALITY OF LIFE. ASSI IS A 300 BED FACILITY THAT INCLUDES THE LARGEST REHAB PROGRAM IN CAYUGA COUNTY BECAUSE OF OUR SIZE WE ARE ABLE TO OFFER SPECIALIZED SERVICES THAT MAY NOT BE FOUND IN SMALLER NURSING HOMES. OF PARTICULAR NOTE ARE FLOORS DEDICATED TO HIGHER FUNCTIONING PATIENTS AS WELL AS A SPECIALIZED FLOOR FOR THOSE WITH DEMENTIA. BY CREATING A SPECIALIZED FLOOR, THE NEUROLOGICAL NEEDS OF DEMENTIA PATIENTS CAN BE MET MORE EASILY AND THE NURSING STAFF BECOME EXPERTS IN THAT PARTICULAR CARE REGIMEN. THIS CONFIGURATION ALSO MORE FULLY MEETS THE COMPANIONSHIP AND CONVERSATIONAL NEEDS OF HEALTHIER RESIDENTS. A TEAM OF TALENTED RECREATIONAL THERAPISTS MAINTAIN AN ACTIVE DAILY SCHEDULE OF PHYSICAL AND MENTAL ACTIVITES, OUTINGS AND SPECIAL EVENTS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $87,210 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $143,270 | RevenueAmt |
| Desc | ASSI'S ADULT MEDICAL DAY PROGRAM SERVES THE MEDICAL NEEDS OF CAYUGA COUNTY'S ADULTS OVER THE AGE OF 21 IN A COMFORTABLE AND SAFE DAY SETTING UP TO SIX DAYS A WEEK. DAYBREAK IS DESIGNED TO HELP ADULTS OVER 21 MAINTAIN THEIR HIGHEST LEVEL OF INDEPENDENCE WHILE CONTINUING TO LIVE IN THEIR COMMUNITY. PROGRAM PARTICIPANTS MUST HAVE A MEDICAL NEED IN ORDER TO QUALIFY FOR THE SERVICES PROVIDED BY DAYBREAK, WHICH ARE COVERED BY MEDICAID. OUR PROGRAM PRIDES ITSELF ON HELPING TO KEEP PEOPLE INDEPENDENT AND HEALTHY SO VISITS TO PHYSICIANS AND HOSPITALIZATIONS CAN BE MINIMIZED. WE HELP SUPPORT INDIVIDUALS IN ORDER TO PREVENT OR DELAY PLACEMENT IN HEALTH RELATED FACILITIES. DAYBREAK PROVIDES MEDICAL SERVICES TO PERSONS WITH RESPIRATORY ILLNESS, DIABETES, KIDNEY DISEASE, AND WOUND CARE NEEDS. WE PROVIDE PHARMACY REVIEW BY A LICENSED PHARMACIST, NUTRITIONAL SERVICES PROVIDED BY A REGISTERED DIETICIAN, SOCIAL WORK/CASE MANAGEMENT, AND THERAPEUTIC RECREATION PROVIDES ONGOING DAILY ACTIVITIES GEARED TOWARD WELLNESS AND INDEPENDENCE WHICH IS OVERSEEN BY A CERTIFIED THERAPEUTIC RECREATION SPECIALIST. PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY RESTORATIVE PROGRAMS ARE OFFERED (AS ORDERED BY A PHYSICIAN) AND NURSING REHABILITATION IS ALSO AVAILABLE TO MAINTAIN STRENGTH AND MOBILITY. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,555,224 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $2,539,546 | RevenueAmt |
| Desc | ASSI OFFERS A FULL RANGE OF REHABILITATION SERVICES INCLUDING POST SURGICAL RECOVERY, ORTHOPEDIC REHABILITATION, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, PAIN MANAGEMENT AND SPEECH THERAPY. USING BEST PRACTICES, INNOVATIVE PRACTICE AREAS AND THE NEWEST TECHNOLOGY, ASSI'S CARING PROFESSIONAL STAFF STRIVE TO INCREASE RESIDENT COMFORT AND VITALITY WHILE RECOVERING FROM SURGERY, ILLNESS OR INJURY. FOLLOWING THE COURSE OF CARE, EACH RESIDENT IS EVALUATED TO DETERMINE THEIR ABILITY TO CONTINUE LIVING ALONE OR WITH LOVED ONES. MOST REHABILITATION RESIDENT RETURN TO THEIR OWN HOMES OR A SUPPORTED LIVING SITE FOLLOWING RECOVERY. IN ADDITION TO STATE OF THE ART TREATMENT, ASSI'S REHAB OFFERS PRIVATE ROOMS, AIR CONDITIONING, BEDSIDE PHONE SERVICE, A SAFE AND SECURE SETTING, AND TRANSPORTATION ASSISTANCE. THE RECENT RENOVATION AND EXPANSION OF ASSI'S REHAB HAS ADDED SEVERAL NEW THERAPY FEATURES AND EQUIPMENT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $26,740,764 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 30 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 642 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | John Murray | PersonNm |
| Phone | 3154133206 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 East Brighton Ave | AddressLine1Txt |
| City | Syracuse | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 132052298 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| MSGR CHARLES FAHEY | ||||||||
| BOARD MEMBER CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL H CHAPMAN SR | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MS JOANN LLOYD | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PATRICIA DELLONTE | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Michael Ringwood Esq | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| HANS PETER PECHER | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| FATHER LOUIS VASILE | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KIMBERLY TOWNSEND | ||||||||
| PRESIDENT, BOARD MEMBER | 1.00 | Yes (X) | Yes (X) | $0 | $564,247 | $22,628 | ||
| DAN MORPHET | ||||||||
| ADMINISTRATOR | $0 | $213,337 | $15,003 | Yes (X) | ||||
| BRANDON CLAPS | ||||||||
| CHIEF INFORMATION OFFICER | 1.00 | $0 | $165,446 | $11,944 | Yes (X) | |||
| DAVID HEISIG | ||||||||
| MEDICAL DIRECTOR | 0.00 | $0 | $221,826 | $7,012 | Yes (X) | |||
| JOHN MURRAY | ||||||||
| BOARD MEMBER, CFO | 1.00 | Yes (X) | Yes (X) | $0 | $271,089 | $13,448 | ||
| JULIE SHEEDY | ||||||||
| VP of MARKETING | 1.00 | $0 | $201,334 | $18,735 | Yes (X) | |||
| Holly Hoehner | ||||||||
| VP General Counsel | 1.00 | $0 | $248,794 | $19,716 | Yes (X) | |||
| JENNIFER INGERSON | ||||||||
| VP HOUSING | $0 | $191,220 | $12,499 | Yes (X) | ||||
| COLLEEN ENGLER | ||||||||
| VP-HUMAN RESOURCES | 1.00 | $0 | $237,178 | $13,368 | Yes (X) | |||
| Joelle Margrey | ||||||||
| VP of Clinical Skilled Nursing | 1.00 | $0 | $208,510 | $11,049 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,522,981 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $145,402 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Bates Troy Healthcare Svcs | |||||
| 151 Laurel Ave | Binghamton | NY | 13905 | LINEN SERVICE | $305,340 |
| Theradynamic Rehab Management | |||||
| 225 Crossways Park Drive | Woodbury | NY | 11797 | THERAPY SERVICES | $1,657,890 |
| SECURITAS SECURITY SERVICES | |||||
| PO BOX 403412 | ATLANTA | GA | 30384 | SECURITY SERVICES | $175,481 |
| IPC Healthcare Inc | |||||
| PO Box 844929 | Los Angeles | CA | 90084 | Medical Director Svcs | $113,750 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $4,751,112 | GovernmentGrantsAmt |
| All Other Contributions | $4,159 | AllOtherContributionsAmt |
| Total Contributions | $4,755,271 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| Net Residential Service Revenue | 623000 | $28,655,740 | $0 | $0 |
| Adult Daycare Revenue | 623000 | $143,270 | $0 | $0 |
| Other Operating Revenue | 623000 | $110,482 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $28,909,492 | TotalProgramServiceRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $33,664,763 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $28,909,492 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,462,864 | TotalAmt |
| Program Services | $12,095,987 | ProgramServicesAmt |
| Management And General | $366,877 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $859,627 | TotalAmt |
| Program Services | $834,322 | ProgramServicesAmt |
| Management And General | $25,305 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,634,107 | TotalAmt |
| Program Services | $2,556,289 | ProgramServicesAmt |
| Management And General | $77,818 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $939,243 | TotalAmt |
| Program Services | $911,594 | ProgramServicesAmt |
| Management And General | $27,649 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,077,446 | TotalAmt |
| Program Services | $72,625 | ProgramServicesAmt |
| Management And General | $2,004,821 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,333 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $31,333 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,162 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $45,162 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,124,193 | TotalAmt |
| Program Services | $3,650,197 | ProgramServicesAmt |
| Management And General | $1,473,996 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,346 | TotalAmt |
| Program Services | $6,346 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $97,569 | TotalAmt |
| Program Services | $42,399 | ProgramServicesAmt |
| Management And General | $55,170 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,565,341 | TotalAmt |
| Program Services | $1,183,928 | ProgramServicesAmt |
| Management And General | $381,413 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,884 | TotalAmt |
| Program Services | $304 | ProgramServicesAmt |
| Management And General | $4,580 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,309 | TotalAmt |
| Program Services | $2,419 | ProgramServicesAmt |
| Management And General | $890 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,101 | TotalAmt |
| Program Services | $25,101 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,195,212 | TotalAmt |
| Program Services | $1,040,545 | ProgramServicesAmt |
| Management And General | $154,667 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $334,103 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $334,103 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Supplies & Equipment | $2,748,000 | $2,679,799 | $68,201 | $0 |
| CRA | $1,599,247 | $1,599,247 | $0 | $0 |
| OTHER / FEES | $91,819 | $39,662 | $52,157 | $0 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,844,906 | TotalAmt |
| Program Services | $26,740,764 | ProgramServicesAmt |
| Management And General | $5,104,142 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $770,196 | BOYAmt |
| EOY | $7,593,110 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,370,433 | BOYAmt |
| EOY | $1,961,145 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $969,884 | BOYAmt |
| EOY | $1,236,664 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $29,346,128 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,367,642 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,032,816 | BOYAmt |
| EOY | $21,978,486 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,695,353 | BOYAmt |
| EOY | $2,184,610 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,838,682 | BOYAmt |
| EOY | $34,954,015 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,759,771 | BOYAmt |
| EOY | $3,759,742 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,735,394 | BOYAmt |
| EOY | $19,818,418 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,075,452 | BOYAmt |
| EOY | $9,781,209 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,570,617 | BOYAmt |
| EOY | $33,359,369 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $268,065 | BOYAmt |
| EOY | $1,594,646 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $268,065 | BOYAmt |
| EOY | $1,594,646 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,838,682 | BOYAmt |
| EOY | $34,954,015 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,819,857 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$493,276 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
| Other Support Sum | $0 | OtherSupportSumAmt |
| Public Support CY170 | 0 | PublicSupportCY170Pct |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $25,115 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $27,078 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $31,090 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $40,352 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,755,271 | CurrentTaxYearAmt |
| Total | $4,878,906 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $26,622,089 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $27,629,631 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $29,841,579 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $31,269,341 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $28,909,492 | CurrentTaxYearAmt |
| Total | $144,272,132 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $26,647,204 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $27,656,709 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $29,872,669 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $31,309,693 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $33,664,763 | CurrentTaxYearAmt |
| Total | $149,151,038 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $149,151,038 | PublicSupportTotal509Amt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $126,312 | CurrentTaxYearMinus2YearsAmt |
| Total | $126,312 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $149,277,350 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99920 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99910 | PublicSupportPY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt III Ln 20 | Other Income Part III, Line 12 FOR 2018 $126,312 REPRESENTS THE FV OF ASSI'S SWAP AGREEMENT @ DECEMBER 31, 2017 PRIOR TO REFINANCING IN MAY 2018. |
| Pt III Ln 12 | Other Income Part III, Line 12 |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | false | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | false | DirectContactLegislatorsInd |
| Rallies Demonstrations | Yes (true) | RalliesDemonstrationsInd |
| Rallies Demonstrations | $3,692 | RalliesDemonstrationsAmt |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $3,692 | TotalLobbyingExpendituresAmt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt II-B Line 1 | LOBBYING ACTIVITIES: |
| Pt II-B Line 1 | ASSI PAID LOBBYING FEES TO THE ADULT DAY HEALTH CARE COUNCIL; AN ORGANIZATION DEDICATED TO FOSTERING THE CONTINUATION AND EXPANSION OF ADULT DAY HEALTH CARE IN NEW YORK STATE, IN AN EFFORT TO MEET THE EVER-GROWING NEEDS OF THE FRAIL ELDERLY, CHRONICALLY ILL AND DISABLED ADULTS AND THEIR CAREGIVERS.($512) |
| Pt II-B Line 1 | THE ORGANIZATION PAID LOBBYING FEES TO LEADINGAGE NY ($3,180) AN ORGANIZATION WHICH KEEPS MEMBERS INFORMED OF UPDATES, DEVELOPMENTS AND REGULATIONS IN THE LONG TERM CARE INDUSTRY. |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $91,950 | OtherCostOrOtherBasisAmt |
| Book Value | $91,950 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $25,542,187 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,210,321 | DepreciationAmt |
| Book Value | $20,331,866 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,711,991 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,157,321 | DepreciationAmt |
| Book Value | $1,554,670 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $21,978,486 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Due from affiliates | $509,022 |
| Other Receivables | $693,804 |
| Resident Funds Held in Trust | $506,673 |
| Other Long-Term Receivables | $475,111 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,184,610 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| Due to Affiliates | $4,631,831 |
| Due to Third Party Payors | $1,343,917 |
| Other Liabilities | $802,187 |
| Assets Held for Residents | $506,673 |
| Other Long Term Liabilities | $1,796,601 |
| Contract Liability - Medicare accelerated payment | $700,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $9,781,209 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $33,664,763 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $33,664,763 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $33,664,763 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $31,844,906 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $31,844,906 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $31,844,906 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Pt X, Line 2 | FormAndLineReferenceDesc |
| Explanation | ASSI IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN 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. AS OF DECEMBER 31 2020 AND 2019, ASSI DOES NOT HAVE ANY SIGIFICANT UNRECOGNIZED TAX BENEFITS OR ANY RELATED ACCUED INTEREST OR PENALTIES. THE TAX YEARS OPEN TO EXAMINATION BY FEDERAL AND NEW YORK TAXING AUTHORITIES ARE 2017 through 2020 | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KIMBERLY TOWNSEND | |||||||||||||
| $0 | $522,756 | $0 | $41,491 | $0 | $0 | $0 | $7,109 | $0 | $15,519 | $0 | $586,875 | $0 | $0 |
| DAN MORPHET | |||||||||||||
| $0 | $185,020 | $0 | $28,317 | $0 | $0 | $0 | $5,126 | $0 | $9,877 | $0 | $228,340 | $0 | $0 |
| BRANDON CLAPS | |||||||||||||
| $0 | $156,940 | $0 | $8,506 | $0 | $0 | $0 | $4,891 | $0 | $7,053 | $0 | $177,390 | $0 | $0 |
| DAVID HEISIG | |||||||||||||
| $0 | $221,826 | $0 | $0 | $0 | $0 | $0 | $6,750 | $0 | $262 | $0 | $228,838 | $0 | $0 |
| JOHN MURRAY | |||||||||||||
| $0 | $257,064 | $0 | $14,025 | $0 | $0 | $0 | $7,754 | $0 | $5,694 | $0 | $284,537 | $0 | $0 |
| JULIE SHEEDY | |||||||||||||
| $0 | $190,955 | $0 | $10,379 | $0 | $0 | $0 | $5,969 | $0 | $12,766 | $0 | $220,069 | $0 | $0 |
| Holly Hoehner | |||||||||||||
| $0 | $235,979 | $0 | $12,815 | $0 | $0 | $0 | $6,514 | $0 | $13,202 | $0 | $268,510 | $0 | $0 |
| JENNIFER INGERSON | |||||||||||||
| $0 | $181,320 | $0 | $9,900 | $0 | $0 | $0 | $4,630 | $0 | $7,869 | $0 | $203,719 | $0 | $0 |
| COLLEEN ENGLER | |||||||||||||
| $0 | $217,178 | $0 | $20,000 | $0 | $0 | $0 | $4,985 | $0 | $8,383 | $0 | $250,546 | $0 | $0 |
| Joelle Margrey | |||||||||||||
| $0 | $198,495 | $0 | $10,015 | $0 | $0 | $0 | $5,040 | $0 | $6,009 | $0 | $219,559 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt VI, Line 6 | THE CORPORATIONS 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. |
| Pt VI, Line 7a | THE MEMBERS HAVE THE POWER TO NAME OTHER MEMBERS OF THE CORPORATION AT ANY ANNUAL SPECIAL MEETING OF THE MEMBERS, OR AS OTHERWISE PERMITTED UNDER THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. |
| Pt VI, 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. |
| Pt VI, 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 ADDRESS CONFLICT OF INTEREST ISSUES. |
| Pt VI, Line 15a | 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 AND 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 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. |
| Pt VI, Line 15b | SEE PT VI, LINE 15a |
| Pt VI, Line 18 | THE ORGANIZATION PROVIDES FORM 1023 AND FORM 990 TO THE PUBLIC, UPON REQUEST. |
| Pt VI, Line 19 | THE ORGANIZATION PROVIDES OTHER INFORMATION REQUIRED UNDER INTERNAL REVENUE SERVICE REGULATIONS TO THE PUBLIC, UPON REQUEST. |
| Pt XII, Line 2c | THE LORETTO FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ORGANIZATION'S AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR. |
| Pt VII, Col (E) | KIMBERLY TOWNSEND IS THE PRESIDENT AND CEO OF THE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. DAVID HEISIG IS A THE MEDICAL DIRECOR AT LORETTO INDEPENDENT LIVING SERVICES, INC. JOHN MURRAY IS CFO OF THE ENTIRE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. DAN MORPHET IS THE ADMINISTRATOR OF AUBURN SENIOR SERVICES INC. HOLLY HOEHNER IS THE VICE PRESIDENT OF GENERAL COUNSEL OF THE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. JOELLE MARGREY IS THE VICE PRESIDENT OF CLINICAL SKILLED NURSING AT LORETTO, WHICH INCLUDES LORETTO HEALTH AND REHABILITION CENTER, NOTTINGHAM RHCF AND AUBURN SENIOR SERVICES. COLLEEN ENGLER IS THE VICE PRESIDENT OF HUMAN RESOURCES OF THE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. JULIE SHEEDY IS VP OF MARKETING FOR THE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. JENNIFER INGERSON IS THE VICE PRESIDENT OF HOUSING. DANIEL MORPHET IS THE ADMINISTRATOR OF AUBURN SENIOR SERVICES. BRANDON CLAPS IS THE CHIEF INFORMATION OFFICER FOR LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. |
| Pt XI | OTHER CHANGES IN NET ASSETS CONSISTS OF: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP LIABILITY (356,158)PENSION-RELATED CHARGES OTHER THAN NET PERIODIC BENEFIT COST (121,805)OTHER COMPONENTS OF NET PERIODIC BENEFIT COST (15,313). |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADVANCED INSTITUTIONAL SUPPORT SERVICES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 E BRIGHTON AVE | AddressLine1Txt |
| City | SYRACUSE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200424458 | EIN |
| Primary Activities | FOOD SERVICE OPERATIONS | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LORETTO MANAGEMENT CORP | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (19 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| BERNARDINE APARTMENTS | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 161012804 | OPERATES LOW INCOME HOUSING FOR THE ELDERLY | NY | 501C3 | 9 | LORETTO MGN CORP | false |
| LORETTO ADULT COMMUNITY INC | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 222588128 | ASSISTED LIVING PROGRAM | NY | 501C3 | 9 | LORETTO MGN CORP | false |
| LORETTO GERIATRIC COMMUNITY RES | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 161234898 | COMMUNITY RES FOR MENTALLY DISABLED PERSONS | NY | 501C3 | 7 | LORETTO MGN CORP | false |
| LORETTO INDEPENDENT LIVING SERVICES INC | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 161470454 | PROGRAM FOR THE ALL INCLUSIVE CARE FOR THE ELDERLY | NY | 501C3 | 9 | LORETTO REST REALTY CORP | false |
| NOTTINGHAM RHCF | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 161468624 | SKILLED NURSING FACILITY | NY | 501C3 | 9 | LORETTO MGN CORP | false |
| NOTTINGHAM RETIREMENT COMMUNITY INC | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 161468628 | A SENIOR LIVING COMMUNITY | NY | 501C3 | 9 | LORETTO MGN CORP | false |
| LORETTO PROPERTIES | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 222809537 | OPERATES & MANAGES REAL PROPERTY USED FOR THE HOUSING & SERVICES | NY | 501C3 | 11-TYPE II | LORETTO MGN CORP | false |
| THE LORETTO FOUNDATION | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 222339225 | CHARITABLE ACTIVITIES THAT BENEFIT THE LORETTO ORGANIZATION | NY | 501C3 | 11-TYPE II | LORETTO MGN CORP | false |
| LORETTO APARTMENTS HOUSING DEVELOPMENT FUND | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 161496955 | OWNER OF LOW INCOME HOUSING FOR THE ELDERLY | NY | 501C3 | 9 | LORETTO MGN CORP | false |
| 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 MGN CORP | false |
| 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 MGN CORP | false |
| CHURCHILL MANOR INC | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 161006158 | OPERATES AN ASSISTED LIVING FACILITY | NY | 501C3 | 9 | LORETTO MGN CORP | false |
| LORETTO HOUSING DEV FUND CO INC | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 223116481 | OWNER OF REAL PROPERTY USED FOR THE HOUSING THE ELDERLY | NY | 501C3 | 9 | LORETTO MGN CORP | false |
| LORETTO APARTMENTS AT O'BRIEN ROAD HOUSING DEV FUND CO INC | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 462450456 | OWNER OF LOW INCOME HOUSING FOR THE ELDERLY | NY | 501C3 | 9 | LORETTO MGN CORP | false |
| LORETTO REST INC | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 150532210 | PARENT CORP TO VARIOUS LORETTO NOT FOR PROFIT CORP | NY | 501C3 | 7 | LORETTO MGN CORP | false |
| ELBRIDGE ADULT COMMUNITY | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 222784983 | INACTIVE | NY | 501C3 | 9 | LORETTO MGN CORP | false |
| LORETTO MANAGEMENT CORP | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 222873640 | ADVISE & ASSIT IN THE COORDINATING OF HEALTH, HOUSING & WELFARE OF THE ELDERLY | NY | 501C3 | 11-TYPE II | LORETTO MGN CORP | false |
| LORETTO REST REALTY CORP | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 161019465 | HEALTHCARE & RENTAL OF SPACE FOR HELTHCARE CO | NY | 501C3 | 9 | LORETTO MGN CORP | false |
| LORETTO HEALTH & REHABILITATION CENTER | ||||||||||
| 700 EAST BRIGHTON AVE | SYRACUSE | NY | 13205 | 200503099 | SKILLED NURSING FACILITY | NY | 501C3 | 9 | LORETTO MGN CORP | false |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRIGHTON MANAGEMENT SER INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 EAST BRIGHTON AVE | AddressLine1Txt |
| City | SYRACUSE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 161453312 | EIN |
| Primary Activities | CONSULTING SERVICES | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Ownership | 0.00000 | OwnershipPct |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (true) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (true) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (true) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V 1e | PRIOR TO MAY 2018, ASSI HAD A $1,700,000 REVOLVING LINE OF CREDIT WITH A FINANCIAL INSTITUTION AT AN INTEREST RATE EQUAL TO THE ONE MONTH LIBOR RATE PLUS 4.50%. THE REVOLVING LINE OF CREDIT WAS SECURED BY PLEDGE OF SECUITIES HELD IN A FINANCIAL INSTITUTION BY LMC. IN MAY 2018 ASSI OBTAINED A NEW REVOLVING LINE OF CREDIT WITH A DIFFERENT FINANCIAL INSTITUTION AT AN INTEREST RATE EQUAL TO THE ONE MONTH LIBOR RATE PLUS 2% IN CONNECTION WITH LONG-TERM DEBT REFINANCING AND PAID IN FULL THE EXISTING LINE OF CREDIT WITH ITS FORMER FINANCIAL INSTITUTION. THE NEW REVOLVING LINE OF CREDIT HAS THE UNLIMITED, UNCONDITIONAL GUARANTEE OF LMC AND IS SECURED BY ALL ASSETS OF ASSI. THE LINE OF CREDIT ALSO REQUIRES A PLEDGE AND ASSIGNMENT OF CASH AND/OR MARKETABLE SECURITIES IN THE MINIMUM AMOUNT OF $1,700,000. THE PLEDGE IS PROVIDED BY LORETTO ADULT COMMUNITY, INC AN AFFILIATE OF ASSI. IN MAY 2018, ASSI ENTERED INTO AGREEMENTS WITH A FINANCIAL INSTITUTION TO REFINANCE ITS LOAN PAYABLE WITH A NEW COMMERCIAL MORTGAGE LOAN AMOUNTING TO $18,000,000. AS PART OF THE REFINANCING TRANSACTION, ASSI WAS REQUIRED TO PAY AN ADDITIONAL $1,116,000 IN PRINCIPAL PAYMENTS ON THE EXISTING MORTGAGE LOAN WHICH WAS FUNDED THROUGH INTERCOMPANY ADVANCES, APPROXIMATELY $191,000 IN EARLY TERMINATION FEES TO THE BANK, AND RECEIVED APPROXIMATELY $155,000 FROM THE BANK AS A RESULT OF TERMINATING THE INTEREST RATE SWAP ASSOCIATED WITH ITS EXISTING DEBT. THE NEW COMMERCIAL MORTGAGE LOAN HAS AN UNLIMITED, UNCONDITIONAL GUARANTY OF LMC AND IS SECURED BY ALL ASSETS OF ASSI. FURTHER, THE COMMERCIAL MORTGAGE LOAN IS COLLATERALIZED BY A PLEDGE OF $2,000,000 OF SECURITIES HELD BY THE SISTERS OF ST. FRANCIS OF THE NEUMANN COMMUNITIES OWNER OF THE SKILLED NURSING FACILITY. THE LOAN ALSO PROVIDES THAT ALL AMOUNTS DUE TO AFFILIATES OF ASSI ARE SUBORDINATE TO THE MORTGAGE LOAN. COLLATERAL PREVIOUSLY HELD BY LMC AND CERTAIN LMC AFFILIATES (THE LORETTO FOUNDATION, CHURCHILL MANOR,INC. AND LORETTO ADULT COMMUNITY, INC.) AMOUNTING TO $7,000,000 AND 1,000,000 IN SECURITIES PLEDGED BY THE ALLYN FOUNDATION, INC., AN UNRELATED THIRD PARTY, WERE RELEASED WITH THE PAYOFF OF THE EXISTING INDEBTEDNESS. |
| PART V 1n | CERTAIN EQUIPMENT IS SHARED BETWEEN RELATED COMPANIES, SUCH AS SERVER EQUIPMENT |
| PART V 1k | CERTAIN EQUIPMENT IS LEASED & SHARED WITH RELATED COMPANIES, SUCH AS SERVER EQUIPMENT. |
| PART V 1m | THE LORETTO FOUNDATION HELPS RAISE MONEY FOR ASSI ACTIVITIES. |
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