LORETTO PROPERTIES CORPORATION

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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

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.

Program Service Accomplishments

Program 1

Expenses: $69,286 Revenue: $32,196

THE CORPORATION MANAGES A 14-BEDROOM HOME, KNOWN AS FOREST VIEW AT FAYETTE, FOR SENIORS WHO WISH TO RESIDE IN A RESIDENTIAL SETTING. A 24-HOUR STAFF ASSISTS WITH PERSONAL CARE AND MEDICATION...

THE CORPORATION MANAGES A 14-BEDROOM HOME, KNOWN AS FOREST VIEW AT FAYETTE, FOR SENIORS WHO WISH TO RESIDE IN A RESIDENTIAL SETTING. A 24-HOUR STAFF ASSISTS WITH PERSONAL CARE AND MEDICATION MANAGEMENT. IT PROVIDES THE FRAIL ELDERLY WITH THE OPTION TO REMAIN INDEPENDENT AND LIVING IN THE COMMUNITY FOR AS LONG AS POSSIBLE. THE FACILITY WAS BUILT IN 2008 AND OPENED IN JANUARY 2009.

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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%)

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

Governance

Voting Members

Independent Members

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

$1,080,585

Total Directors

Key Employees

$1,089,025

Highest Compensated

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