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LORETTO PROPERTIES CORPORATION

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Public IRS 990 nonprofit record

LORETTO PROPERTIES CORPORATION

EIN 22-2809537 · Senior Citizens Housing & Retirement Communities (L22)

What they do

to ACQUIRE, OWN, LEASE and MANAGE REAL ESTATE for THE BENEFIT of AFFILIATED NOT for PROFIT 501(C)(3) ORGANIZATIONS THAT PROVIDE LOW INCOME HOUSING to THE FRAIL ELDERLY.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

97.73%of revenue went to mission work100.0% of expenses · Program services
$97.73spent for every $100 of revenueRevenue covered expenses this year.
$4.14in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $27,907 for KIMBERLY TOWNSEND (CEO/PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$253,117
Mission workProgram services$247,36897.73% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$5,7492.27% of revenueShown in gray on the chart
Total expenses$247,36897.73% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 97.73% of revenue
2023Expense mix: 84.0% mission · 16.0% management · 0.0% fundraisingTotal expenses: 91.87% of revenue

Money in and money out

Revenue$253,117
Expenses$247,368
Annual surplus $5,749 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$247,368 · 100.0% of expenses
See all reported dollar amounts
Revenue$253,117
Expenses$247,368
Assets$1,024,337
Income$253,117
Mission work (program services)$247,368
Accounting fees$2,588
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
KIMBERLY TOWNSENDCEO/PRESIDENT · 1 hrs/week $27,907Base · Other $27,907
JOHN MURRAYCHIEF FINANCIAL OFFICER · 1 hrs/week $4,334Base · Other $4,334
HOLLY HOEHNERVICE PRESIDENT, GENERAL COUNSEL · 1 hrs/week $3,976Base · Other $3,976
JULIE SHEEDYCHIEF MARKETING AND ENGAGEMENT OFFICER $3,797Base · Other $3,797
JOELLE MARGREYCHIEF NURSING OFFICER · 1 hrs/week $3,748Base · Other $3,748
BRANDON CLAPSCHIEF INFORMATION OFFICER · 1 hrs/week $3,490Base · Other $3,490
JENNIFER INGERSONVICE PRESIDENT, HOUSING · 1 hrs/week $3,332Base · Other $3,332
CHRISTINE STANFORDCHIEF OPERATING OFFICER · 1 hrs/week $3,316Base · Other $3,316
STEPHANIE BUTTONVICE PRESIDENT, PACE · 1 hrs/week $3,287Base · Other $3,287
NANCY WILLIAMSCHIEF PEOPLE OFFICER · 1 hrs/week $468Base · Other $468

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

KIMBERLY TOWNSENDCEO/PRESIDENT

JOHN MURRAYCHIEF FINANCIAL OFFICER

HOLLY HOEHNERVICE PRESIDENT, GENERAL COUNSEL

JULIE SHEEDYCHIEF MARKETING AND ENGAGEMENT OFFICER

JOELLE MARGREYCHIEF NURSING OFFICER

BRANDON CLAPSCHIEF INFORMATION OFFICER

JENNIFER INGERSONVICE PRESIDENT, HOUSING

CHRISTINE STANFORDCHIEF OPERATING OFFICER

STEPHANIE BUTTONVICE PRESIDENT, PACE

NANCY WILLIAMSCHIEF PEOPLE OFFICER

MICHELE JONES GALVINBOARD MEMBER

VICKI ONEILLBOARD MEMBER, CHAIR

STEPHEN J KINGSTONBOARD MEMBER

STEPHANIE CROCKETTBOARD MEMBER, VICE CHAIR

SAM CARELLOBOARD MEMBER

ROSEMARY AVILA-TICIOBOARD MEMBER

PETER MUSERLIANBOARD MEMBER

MIKE BUCKBOARD MEMBER

JAY SUBEDIBOARD MEMBER

KIRA REEDBOARD MEMBER

CRAIG LUCEBOARD MEMBER

KEVIN BRYANSBOARD MEMBER

DAVID HEISIGMEDICAL DIRECTOR

JOHN R BRENNANBOARD MEMBER, SECRETARY

ELIZABETH QUILTERBOARD MEMBER

JOHN MCCABEBOARD MEMBER

GWEN WEBBER-MCLEODBOARD MEMBER

About this charity

Recognized since
January 2024
Location
700 E BRIGHTON AVE, SYRACUSE, NY 13205-2201
County
Onondaga
In care of
JOHN G MURRAY
Primary officer
JOHN G MURRAY, CHIEF FINANCIAL OFFICER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
BONADIO & CO LLP
NTEE classification
Senior Citizens Housing & Retirement Communities (L22)
IRS tax category
Senior Citizens Housing & Retirement Communities

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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