HOUSE OF LORETO FOR SENIOR CITIZENS

EIN: 340757174 501(c)(3)

Canton, OH

Total Revenue
$305,973
Total Expenses
$497,354
Total Assets
N/A
Net Assets
N/A
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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
1980
Legal Domicile
OH
Phone
3304538137
Tax Period
2025-01-01 to 2025-05-31

HOUSE OF LORETO FOR SENIOR CITIZENS, founded in 1980, is a small nonprofit that reported $306K in total revenue in fiscal year 2025. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $497K exceeded revenue, resulting in a 63% operating deficit.

Mission

As a ministry of the Roman Catholic Church, our mission is to 1) serve our residents according to Christ's healing ministry; 2) secure healthcare as a right for all; 3) influence people regarding geriatric care; 4) serve and work with all for the common good, giving our lives as Religious for the care of the aged and children.

Program Service Accomplishments

Program 1
Expenses: $459,553 Revenue: $303,074

Nursing home for older Americans which served 32 residents 1740 days of nursing care assisted by the contributed services by the 12 Sisters of the Congregation of the Divine Spirit in ministry in the...

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Nursing home for older Americans which served 32 residents 1740 days of nursing care assisted by the contributed services by the 12 Sisters of the Congregation of the Divine Spirit in ministry in the Home. The facility provided $54,600 in unreimbursed charity care for residents who were unable to pay the full Room and Board in 2025.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,899
Program Service Revenue $302,600
Investment Income $474
Other Revenue $0
TOTAL REVENUE $305,973

Expense Breakdown

Grants Paid $0
Salaries & Benefits $323,981
Fundraising Expenses $0
Program Expenses $459,553
Other Expenses $173,373
TOTAL EXPENSES $497,354

Year-over-Year Comparison

2025 2024 Change
Revenue $305,973 $2,175,876 -0.9%
Expenses $497,354 $2,525,738 -0.8%
Net Income $-191,381 $-349,862 -0.5%
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
N/A
Independent Members
N/A
Employees
47
Volunteers
25

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
3
$0
Total Directors
1
$0
Key Employees
1
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
None Current Directors 0
Director
$0 $0 $0
None Current Trustees 0
$0 $0 $0
Sister Michele Beauseigneur CDS President 56
Officer
$0 $0 $0
Sister Mary Ellen Martin CDS Vice-President 56
Officer
$0 $0 $0
Sister Janet Harold CDS Administrator/Treasurer 56
Officer
$0 $0 $0
None Key employees 0
Key Emp
$0 $0 $0
None Highest compensated employees > $100000 0
Highest
$0 $0 $0
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
2025 $305,973 $497,354 No data $-191,381
2024 No data No data No data No data
2023 $2,762,076 $2,275,172 $1,269,219 $486,904
2022 $2,462,365 $1,907,059 $807,546 $555,306
2021 $1,755,643 $2,047,467 $788,997 $-291,824
2020 $3,134,693 $3,442,548 $708,794 $-307,855
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