LORETTO PROPERTIES CORPORATION

EIN: 222809537 501(c)(3) Housing & Shelter

SYRACUSE, NY

Total Revenue
$89,783
Total Expenses
$82,480
Total Assets
$1,042,282
Net Assets
$945,726
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NY
Principal Officer
JOHN G MURRAY
Phone
3154133206
Tax Period
2023-01-01 to 2023-12-31

LORETTO PROPERTIES CORPORATION, founded in 1986, is a micro nonprofit in the Housing & Shelter sector that reported $90K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $82K left a modest 8% surplus.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $32,196
Investment Income $36,581
Other Revenue $21,006
TOTAL REVENUE $89,783

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $69,286
Other Expenses $82,480
TOTAL EXPENSES $82,480

Year-over-Year Comparison

2023 2022 Change
Revenue $89,783 $135,671 -0.3%
Expenses $82,480 $248,512 -0.7%
Net Income $7,303 $-112,841 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,080,585
Total Directors
16
$0
Key Employees
5
$1,089,025
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MCCABE BOARD MEMBER, CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT J MARZELLA BOARD MEMBER, VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOHN R BRENNAN BOARD MEMBER, SECRETARY 1.00
Officer Director
$0 $0 $0
VICKI O'NEILL BOARD MEMBER 1.00
Director
$0 $0 $0
PIERRE MORRISSEAU BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH QUILTER BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINE WOODCOCK DETTOR BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELE JONES GALVIN BOARD MEMBER 1.00
Director
$0 $0 $0
JAY SUBEDI BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN BRYANS BOARD MEMBER 1.00
Director
$0 $0 $0
GWEN WEBBER-MCLEOD BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN J KINGSTON BOARD MEMBER 1.00
Director
$0 $0 $0
SAM CARELLO BOARD MEMBER 1.00
Director
$0 $0 $0
CRAIG LUCE BOARD MEMBER 1.00
Director
$0 $0 $0
PETER MUSERLIAN BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE CROCKETT BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN MURRAY CFO 1.00
Officer
$0 $0 $305,507
KIMBERLY TOWNSEND PRESIDENT 1.00
Officer
$0 $0 $775,078
BRANDON CLAPS CIO 1.00
Key Emp
$0 $0 $210,362
JENNIFER INGERSON VP OF HOUSING 1.00
Key Emp
$0 $0 $202,284
JOELLE MARGREY CNO 1.00
Key Emp
$0 $0 $241,541
JULIE SHEEDY CHIEF MARKETING AND ENGAGEMENT OFFICER 1.00
Key Emp
$0 $0 $240,026
STEPHANIE BUTTON VP OF LORETTO INDEPENDENT LIVING SERVICES, INC. 1.00
Key Emp
$0 $0 $194,812
HOLLY HOEHNER VP GENERAL COUNSEL 1.00
Highest
$0 $0 $272,837
DAVID HEISIG MEDICAL DIRECTOR 0.00
Highest
$0 $0 $274,997
LORI SAKALAS FORMER CHIEF OPERATING OFFICER 1.00
$0 $1,946 $161,662
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $89,783 $82,480 $1,042,282 $7,303
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