LORETTO HOUSING DEVELOPMENT FUND COMPANY

EIN: 223116481 501(c)(3) Human Services

SYRACUSE, NY

Total Revenue
$11,708
Total Expenses
$44,276
Total Assets
$256,298
Net Assets
$-752,400
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NY
Principal Officer
KIMBERLY TOWNSEND
Phone
3154695570
Tax Period
2023-01-01 to 2023-12-31

LORETTO HOUSING DEVELOPMENT FUND COMPANY, founded in 1991, is a micro nonprofit in the Human Services sector that reported $12K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $44K exceeded revenue, resulting in a 278% operating deficit.

Mission

THE ORGANIZATION RENTS REAL ESTATE TO A RELATED NOT-FOR-PROFIT SECTION 501(C)(3) ORGANIZATION WHICH OPERATES AN ALZHIEMERS RESIDENCE FOR PERSONS IN NEED OF SUPERVISION.

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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 $11,700
Investment Income $8
Other Revenue $0
TOTAL REVENUE $11,708

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $44,156
Other Expenses $44,276
TOTAL EXPENSES $44,276

Year-over-Year Comparison

2023 2022 Change
Revenue $11,708 $9,128 +0.3%
Expenses $44,276 $54,699 -0.2%
Net Income $-32,568 $-45,571 -0.3%
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

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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
1
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 VP OF MARKETING 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
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 $11,708 $44,276 $256,298 $-32,568
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