2017-11-02T10:44:01-07:00 2016-12-31 BMW TAX SERVICE 30 YORK ST AUBURN NY 130211134 990 2016-01-01 463900740 Auburn Senior Services Inc AUBU 3152530351 3 St Anthony Street Auburn NY 13021 JOHN MURRAY CFO 3152530351 2019-10-18 T BEYOR 3152527479 2017-11-01 74.111.18.27 2017-11-02 10:43:45 PD P 1B26CE6884FFE46DF99D8AC73A29FAEE38874F99 1B26CE6884FFE46DF99D8AC73A29FAEE38874F99 2016 2021-01-29 14:40:06Z KIMBERLY TOWNSEND 700 EAST BRIGHTON AVE SYRACUSE NY 13205 26647204 false X http://www.lorettocny.org X 2013 NY Residential Health Care Facility and Adult Medical Daycare Center 10 8 513 20 0 29637 25115 23393364 26622089 0 0 23423001 26647204 0 0 13152200 13848765 0 0 12982764 15227658 26134964 29076423 -2711963 -2429219 35517482 33964982 33462468 34239259 2055014 -274277 AUBURN SENIOR SERVICES INC, ROOTED IN A RICH HERITAGE OF FAITH, HONORS, SERVES, AND false false 22972907 22486093 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. 477568 853624 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 AN 2026441 3282372 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 DETEMINE THEIR ABILITY TO CONTINUE LIVING AL 25476916 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 false true false false false true 44 0 true 513 true false false false false false false false false false false X 10 8 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 SUSAN M CROSSETT BOARD MEMBER 1.00 X 0 0 0 MS JOANN LLOYD BOARD MEMBER 1.00 X 0 0 0 RAYMOND D'AGOSTINO BOARD MEMBER, SECRETARY 1.00 X 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 438331 77614 ELLEN M O'CONNOR CFO, BOARD MEMBER 1.00 X X 0 286625 62590 PENNY ABULENCIA Executive Director & Sr VP of PACE X 0 236907 71809 RUSSELL D'AMICO ADMINISTRATOR X 0 104303 8578 DOUGLAS TUCKER MEDICAL DIRECTOR X 0 337490 71800 JOHN F HOUCK JR PHYSICIAN X 0 200166 57503 TWINKLE PATEL PHYSICIAN X 162033 68785 JOHN MURRAY CORPORATE CONTROLLER 1 X 168610 18640 BRENDA MCCUTCHEON VP of Mission 1 X 156800 35991 HOLLY HOEHNER VP General Counsel 1 X 222239 57571 KAREN HEITZMAN PHYSICIAN X 182151 41839 MICHAEL LARCH CHIEF INFORMATION OFFICER 1 X 200530 12355 ALLISON WOLLEN VP-HUMAN RESOURCES 1 X 244049 58036 MAUREEN CERNIGLIA DIRCTOR OF QUALITY 1 X 149323 25472 3089557 668583 false true false ANGELICA CORPORATION PO BOX 535122 ATLANTA GA 30353 LINEN SERVICE 331363 SECURITAS SECURITY SERVICES PO BOX 403412 ATLANTA GA 30384 SECURITY SERVICES 152784 PORT LLC 7733 FORSYTH BLVD STE 2300 ST LOUIS MO 63105 THERAPY SERVICES 1911262 THE NURSE CONNECTION STAFFING 1 COMPUTER DRIVE SOUTH ALBANY NY 12205 TEMP AGENCY 241967 CPS RECRUITMENT INC 9047TH NORTH ST LIVERPOOL NY 13088 TEMP AGENCY 158091 10 20754 4361 25115 Net Residential Service Revenue 623000 25722761 Adult Daycare Revenue 623000 853624 Other Operating Revenue 623000 45704 26622089 26647204 26622089 10011796 9833534 178262 0 588207 577734 10473 0 2496991 2452425 44566 0 751771 738386 13385 0 1342175 0 1342175 0 11392 0 11392 0 6316345 4728034 1588311 0 192423 192423 0 0 143121 60373 82748 0 1665972 1636733 29239 0 5787 1110 4677 0 2755 1746 1009 0 7857 0 7857 0 1274773 1252076 22697 0 209867 0 209867 0 Supplies & Equipment 2465758 2461783 3975 0 NYS Gross Receipts Assessment 1273925 1273925 0 0 Bad Debts 248940 248940 0 0 Licenses, permits, fees & Dues 66568 17694 48874 0 29076423 25476916 3599507 0 99155 153652 2661118 3638804 7476 1326846 963360 28963229 2536056 27313523 26427173 4109364 2781993 35517482 33964982 2879626 3158588 20457623 21085356 353919 73361 9771300 9921954 33462468 34239259 X 2055014 -274277 2055014 -274277 35517482 33964982 X -2429219 99928 X X false true X true false X 0 0 0 19227 29637 25115 73979 17077788 23393364 26622089 67093241 17097015 23423001 26647204 67167220 67167220 7548503 7548503 74715723 X 0 0 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 2470 false 2470 Pt II-B Line 1 LOBBYING ACTIVITIES: Pt II-B Line 1 LORETTO 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.($318) Pt II-B Line 1 THE ORGANIZATION PAID LOBBYING FEES TO LEADINGAGE NY ($2152) AN ORGANIZATION WHICH KEEPS MEMBERS INFORMED OF UPDATES, DEVELOPMENTS AND REGULATIONS IN THE LONG TERM CARE INDUSTRY. 91450 91450 25456935 1739095 23717840 3414844 796961 2617883 26427173 Due From Third Party Payors 1450692 Assets Held For Residents 249005 Other Receivables 271672 Other Long Term Receivables 810624 2781993 LIABILITY FOR PENSION BENEFITS Due to Affiliates 7142054 Due to Third Party Payors 349198 Other Liabilities 356633 Assets Held for Residents 249005 Other Long Term Liabilities 1825064 9921954 X 26647204 26647204 26647204 29076423 29076423 29076423 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 2016, 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 2013 through 2016 true false false false false false false false false false KIMBERLY TOWNSEND 390583 47793 48956 28658 515990 ELLEN M O'CONNOR 248866 37759 31124 31466 349215 PENNY ABULENCIA 219044 17863 46643 25166 308716 DOUGLAS TUCKER 305490 32000 48410 23390 409290 JOHN F HOUCK JR 199671 495 32830 24673 257669 TWINKLE PATEL 160440 1593 39314 29471 230818 JOHN MURRAY 155222 13388 15110 3530 187250 BRENDA MCCUTCHEON 144095 12705 15162 20829 192791 HOLLY HOEHNER 208426 13813 35764 21807 279810 KAREN HEITZMAN 182151 19669 22170 223990 MICHAEL LARCH 193886 6644 6971 5384 212885 ALLISON WOLLEN 244049 24000 34036 302085 MAUREEN CERNIGLIA 149323 21309 4163 174795 RUSSELL D'AMICO 98903 5400 7118 1460 112881 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 (E.G.,COMPENSATION/BENEFIT CONSULTING FIRM) 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 2016 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 REQUIED 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. ELLEN O'CONNOR IS CFO OF THE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. PENNY ABULENCIA IS SENIOR VICE PRESIDENT OF LORETTO-INDEPENDENT LIVING SERVICES, INC. AND IS RESPONSIBLE FOR THE DAY-TO-DAY OPERATIONS AND STRATEGIC PLANNING. DOUGLAS TUCKER IS THE MEDICAL DIRECTOR AT LORETTO INDEPENDENT LIVING SERVICES, INC. JOHN F. HOUCK, JR. IS A PHYSICIAN AT LORETTO INDEPENDENT LIVING SERVICES, INC. TWINKEL PATEL IS A PHYSICIAN AT LORETTO INDEPENDENT LIVING SERVICES, INC. JOHN MURRAY IS CORPORATE CONTROLLER OF THE ENTIRE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. RUSSELL D'AMICO IS THE ADMINISTRATOR OF AUBURN SENIOR SERVICES INC. BRENDA MCCUTCHEON IS THE VICE PRESIDENT OF MISSION OF THE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED IN SCHEDULE R. HOLLY HOEHNER IS THE VICE PRESIDENT OF GENERAL COUNSEL OF THE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. MAUREEN CERNIGLIA IS THE CORPORATE DIRECTOR OF QUALITY FOR THE NURSING HOMES OF THE LORETTO ORGANIZATION. MICHAEL LARCH IS THE VICE PRESIDENT AND CHIEF INFORMATION OFFICER OF LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. ALLISON WOLLEN IS THE VICE PRESIDENT OF HUMAN RESOURCES OF THE LORETTO ORGANIZATION, WHICH INCLUDES ALL ENTITIES LISTED ON SCHEDULE R. KAREN HEITZMAN IS A PHYSICION AT LORETTO INDEPENDENT LIVING SERVICES INC. Pt XI LINE 9 THIS NUMBER REPRESENTS PENSION-RELATED CHARGES OTHER THAN NET PERIODIC BENEFIT COST(40,228) AND CONTRIBUTION OF LAND (59,700). 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 MANDORLA GARDENS HOUSING DEV FUND CO INC 700 EAST BRIGHTON AVE SYRACUSE NY 13205 273993174 OWNER & LESSOR OF A FACILITY USED TO OPERATE AS A TAX EXEMPT SNF NY 501C3 9 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 ADVANCED INSTITUTIONAL SUPPORT SERVICES LLC 700 EAST BRIGHTON AVE SYRACUSE NY 13205 200424458 PROVIDES FOOD & FOOD SERVICES OPERATIONS NY NA N/A false false 0.00000 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 false false true true true true false false true PART V 1e IN AUGUST 2014 ASSI ENTERED INTO A CONSTRUCTION-TO-PERMANENT LOAN AGREEMENT WITH A FINANCIAL INSTITUTION TO PROVIDE BORROWINGS NOT TO EXCEED $20,100,000 FOR CONSTRUCTION AND RENOVATION OF ITS FACILITY. DRAWS UNDER THE CONSTRUCTION LOAN BEAR INTEREST AT 4.50% ABOVE THE ONE MONTH LIBOR RATE (4.94% AT DECEMBER 31, 2015) WITH INTEREST-ONLY PAYMENTS REQUIRED UNDER THE AGREEMENT UNTIL THE DATE THE CONSTRUCTION LOAN IS CONVERTED TO A PERMANENT LOAN. PAYMENTS COMMENCED ON AUGUST 2016 WITH INTEREST AT 3.75% ABOVE EITHER: THE SUM OF THE YIELD OF U.S. TREASURY OBLIGATIONS ADJUSTED TO A CONSTANT MATURITY OF THREE (3) YEARS; OR ONE MONTH LIBOR. PRINCIPAL AND INTEREST ARE PAID IN THIRTY-FIVE LEVEL MONTHLY INSTALLMANTS FOLLOWED BY A BALLOON PAYMENT. FUTURE MATURITIES OF LONG-TERM DEBT ARE AS FOLLOWS: 2017 $610,500 2018 $610,500 2019 $18,777,250 TOTAL $19,998,250 THE LOAN IS SECURED BY AN UNLIMITED GUARANTY FROM LMC AND COLLATERALIZED BY $7,000,000 IN SECURITIES HELD BY LMC AND CERTAIN LMC AFFILIATES (THE LORETTO FOUNDATION, CHURCHILL MANOR INC,AND LORETTO ADULT COMMUNITY INC.) A PLEDGE OF $2,000,000 OF SECURITIES HELD BY THE SISTERS OF ST FRANCIS OF THE NEUMANN COMMUNITIES, FORMER OWNER OF THE CENTER, AND $1,000,000 IN SECURITIES PLEDGED BY THE ALLYN FOUNDATION INC., AN UNRELATED THIRD PARTY, THROUGH JUNE 30, 2018. ASSI HAS A $2,000,000 REVOLVING LINE OF CREDIT WITH A FINANCIAL INSTITUTION AT AN INTEREST RATE EQUAL TO ONE MONTH LIBOR PLUS 4.50% (5.31% AND 4.94% AT DECEMBER 31, 2016 AND 2015, RESPECTIVELY). THE REVOLVING LINE OF CREDIT IS SECURED BY A PLEDGE OF SECUTITIES HELD IN A FINANCIAL INSTITUTION BY LMC. AT DECEMBER 31, 2016 AND 2015, THE OUTSTANDING BALANCE WAS $1,269,137 AND $2,000,000, RESPECTIVELY. IN JULY 2017, THE REVOLVING LINE OF CREDIT AGREEMENT WAS MODIFIED TO ALLOW A MAXIMUM OF $1,700,000 IN BORROWINGS. PART V 1n CERTAIN EQUIPMENT IS SHARED BETWEEN RELATED COMPANIES, SUCH AS SERVER EQUIPMENT PART V 1c SEE SCHEDULE B