Mount Loretto Nursing Home

“None of individuals listed in part iv receive compensation by mount lorreto nursing home ("mlnh"), a related organization of mlnh, or any other entity, for services performed for mlnh. Some of these individuals receive compensation from entities related to mlnh for services provided to those entities. The corporation is inactive, however for all individuals listed in part iv of form 990-ez it reports 0.5 hours served per week to reflect that the presence health system as a whole is attentive to the entity as it is being dissolved. The services provided by these individuals are to serve the overall system in its governance function.”

“Program service accomplishments for the calendar year ended december 31, 2016 mount loretto nursing home had no program service activities. Effective august 1, 2011, presence senior services chicagoland ("senior services"), the parent of resurrection ministries of new york ("rmny"), entered into an agreement to sell substantially all of the assets and certain liabilities of and associated with mount loretto nursing home, a subsidiary of rmny. Pursuant to the asset purchase agreement (apa), senior services agreed to sell substantially all assets of rmny including resident accounts receivable, fixed assets, and inventory. Completion of the sale occurred as of october 1, 2015 and the 2015 form 990 filed by the organization reflected the complete disposition of all its assets. All of its activities are wound up and it is pending dissolution.”