2021-11-11T09:45:46-08:00 2020-12-31 BMW TAX SERVICE 30 YORK ST AUBURN NY 13021 990 2020-01-01 463900740 Auburn Senior Services Inc AUBU 3152530351 3 St Anthony Street Auburn NY 13021 JOHN MURRAY CFO 3152530351 2021-11-05 JOHN MURRAY XXX-XX-XXXX T Beyor P00113949 3152527479 2021-11-11 3 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z KIMBERLY TOWNSEND 700 EAST BRIGHTON AVE SYRACUSE NY 13205 33664763 false X http://www.lorettocny.org X 2013 NY Residential Health Care Facility and Adult Medical Daycare Center 9 7 642 3 0 0 40352 4755271 31269341 28909492 0 0 31309693 33664763 0 0 17049119 16895841 0 0 13218224 14949065 30267343 31844906 1042350 1819857 30838682 34954015 30570617 33359369 268065 1594646 TO BE A FAMILY OF EXCEPTIONAL PEOPLE CARING FOR AND ABOUT EACH OTHER false false 25098330 0 26226676 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. 87210 0 143270 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. 1555224 0 2539546 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. 26740764 true true false true false false false false false false true false false true true true true true false false false false false false false false false false false true false false false false false false false false false false false false true true false false false true 30 0 true 642 true false false false false false false false false false false false false X 9 7 false false false false true true false true true false false true true true true true true true true false NY X John Murray 3154133206 700 East Brighton Ave Syracuse NY 132052298 X MSGR CHARLES FAHEY BOARD MEMBER CHAIR 1.00 X X 0 0 0 MICHAEL H CHAPMAN SR BOARD MEMBER 1.00 X 0 0 0 MS JOANN LLOYD BOARD MEMBER 1.00 X 0 0 0 PATRICIA DELLONTE BOARD MEMBER 1.00 X 0 0 0 Michael Ringwood Esq BOARD MEMBER 1.00 X 0 0 0 HANS PETER PECHER BOARD MEMBER 1.00 X 0 0 0 FATHER LOUIS VASILE BOARD MEMBER 1.00 X 0 0 0 KIMBERLY TOWNSEND PRESIDENT, BOARD MEMBER 1.00 X X 0 564247 22628 DAN MORPHET ADMINISTRATOR X 0 213337 15003 BRANDON CLAPS CHIEF INFORMATION OFFICER 1.00 X 0 165446 11944 DAVID HEISIG MEDICAL DIRECTOR 0.00 X 0 221826 7012 JOHN MURRAY BOARD MEMBER, CFO 1.00 X X 0 271089 13448 JULIE SHEEDY VP of MARKETING 1.00 X 0 201334 18735 Holly Hoehner VP General Counsel 1.00 X 0 248794 19716 JENNIFER INGERSON VP HOUSING X 0 191220 12499 COLLEEN ENGLER VP-HUMAN RESOURCES 1.00 X 0 237178 13368 Joelle Margrey VP of Clinical Skilled Nursing 1.00 X 0 208510 11049 0 2522981 145402 2 false true false Bates Troy Healthcare Svcs 151 Laurel Ave Binghamton NY 13905 LINEN SERVICE 305340 Theradynamic Rehab Management 225 Crossways Park Drive Woodbury NY 11797 THERAPY SERVICES 1657890 SECURITAS SECURITY SERVICES PO BOX 403412 ATLANTA GA 30384 SECURITY SERVICES 175481 IPC Healthcare Inc PO Box 844929 Los Angeles CA 90084 Medical Director Svcs 113750 4 4751112 4159 4755271 Net Residential Service Revenue 623000 28655740 0 0 Adult Daycare Revenue 623000 143270 0 0 Other Operating Revenue 623000 110482 0 0 28909492 33664763 28909492 0 0 12462864 12095987 366877 0 859627 834322 25305 0 2634107 2556289 77818 0 939243 911594 27649 0 2077446 72625 2004821 0 31333 0 31333 0 45162 0 45162 0 5124193 3650197 1473996 0 6346 6346 0 0 97569 42399 55170 0 1565341 1183928 381413 0 4884 304 4580 0 3309 2419 890 0 25101 25101 0 0 1195212 1040545 154667 0 334103 0 334103 0 Supplies & Equipment 2748000 2679799 68201 0 CRA 1599247 1599247 0 0 OTHER / FEES 91819 39662 52157 0 31844906 26740764 5104142 0 770196 7593110 4370433 1961145 969884 1236664 29346128 7367642 23032816 21978486 1695353 2184610 30838682 34954015 2759771 3759742 19735394 19818418 8075452 9781209 30570617 33359369 X 268065 1594646 268065 1594646 30838682 34954015 X 1819857 -493276 X X false true X true false X 0 0 25115 27078 31090 40352 4755271 4878906 26622089 27629631 29841579 31269341 28909492 144272132 0 0 26647204 27656709 29872669 31309693 33664763 149151038 0 0 0 149151038 126312 126312 149277350 0.99920 0.99910 0.00000 0.00000 X 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 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false true 3692 false 3692 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. 0 91950 91950 25542187 5210321 20331866 3711991 2157321 1554670 21978486 Due from affiliates 509022 Other Receivables 693804 Resident Funds Held in Trust 506673 Other Long-Term Receivables 475111 2184610 Due to Affiliates 4631831 Due to Third Party Payors 1343917 Other Liabilities 802187 Assets Held for Residents 506673 Other Long Term Liabilities 1796601 Contract Liability - Medicare accelerated payment 700000 9781209 X 33664763 33664763 33664763 31844906 31844906 31844906 Pt X, Line 2 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 true false false false false false false false false false KIMBERLY TOWNSEND 0 522756 0 41491 0 0 0 7109 0 15519 0 586875 0 0 DAN MORPHET 0 185020 0 28317 0 0 0 5126 0 9877 0 228340 0 0 BRANDON CLAPS 0 156940 0 8506 0 0 0 4891 0 7053 0 177390 0 0 DAVID HEISIG 0 221826 0 0 0 0 0 6750 0 262 0 228838 0 0 JOHN MURRAY 0 257064 0 14025 0 0 0 7754 0 5694 0 284537 0 0 JULIE SHEEDY 0 190955 0 10379 0 0 0 5969 0 12766 0 220069 0 0 Holly Hoehner 0 235979 0 12815 0 0 0 6514 0 13202 0 268510 0 0 JENNIFER INGERSON 0 181320 0 9900 0 0 0 4630 0 7869 0 203719 0 0 COLLEEN ENGLER 0 217178 0 20000 0 0 0 4985 0 8383 0 250546 0 0 Joelle Margrey 0 198495 0 10015 0 0 0 5040 0 6009 0 219559 0 0 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). ADVANCED INSTITUTIONAL SUPPORT SERVICES LLC 700 E BRIGHTON AVE SYRACUSE NY 13205 200424458 FOOD SERVICE OPERATIONS NY LORETTO MANAGEMENT CORP 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 BRIGHTON MANAGEMENT SER INC 700 EAST BRIGHTON AVE SYRACUSE NY 13205 161453312 CONSULTING SERVICES NY NA C 0.00000 false false false true false true false false false false false true false true true false true false true false 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.