Civic Intelligence

Loretto Apts Housing Dev Fund Co Inc Malta House Apartments

990 • Fiscal year 2022 • EIN 16-1496955

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 31, 2023

Organization ProfileWWW.CHRISTOPHER-COMMUNITY.ORG
990 James StreetSyracuse, NY 13203

(315) 424-1821

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

0.12x

Higher debt load relative to revenue than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

9th percentile

-38%

Higher net margin than 9% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

99th percentile

$865,267

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 252.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

25th percentile

-7.2%

Faster asset growth than 25% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

42nd percentile

1.0%

Faster revenue growth than 42% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$1,710,422

Down $133,300 (-7.2%) from 2021

Net Assets

Down

$1,670,803

Down $129,524 (-7.2%) from 2021

Liabilities

Down

$39,619

Down $3,776 (-8.7%) from 2021

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin9th percentile

Revenue

Up

$343,289

Up $3,388 (+1.0%) from 2021

Expenses

Up

$472,813

Up $52,009 (+12%) from 2021

Net Income

Down

-$129,524

Down $48,621 (-60%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $2,511,150Liabilities 2010: $26,550Net Assets 2010: $2,484,6002010Assets 2011: $2,464,623Liabilities 2011: $26,349Net Assets 2011: $2,438,2742011Assets 2012: $2,408,034Liabilities 2012: $21,489Net Assets 2012: $2,386,5452012Assets 2013: $2,366,764Liabilities 2013: $29,045Net Assets 2013: $2,337,7192013Assets 2014: $2,298,324Liabilities 2014: $28,182Net Assets 2014: $2,270,1422014Assets 2015: $2,216,230Liabilities 2015: $25,648Net Assets 2015: $2,190,5822015Assets 2016: $2,212,048Liabilities 2016: $23,586Net Assets 2016: $2,188,4622016Assets 2017: $2,153,553Liabilities 2017: $28,557Net Assets 2017: $2,124,9962017Assets 2018: $2,084,235Liabilities 2018: $22,329Net Assets 2018: $2,061,9062018Assets 2019: $2,014,000Liabilities 2019: $39,831Net Assets 2019: $1,974,1692019Assets 2020: $1,910,703Liabilities 2020: $29,473Net Assets 2020: $1,881,2302020Assets 2021: $1,843,722Liabilities 2021: $43,395Net Assets 2021: $1,800,3272021Assets 2022: $1,710,422Liabilities 2022: $39,619Net Assets 2022: $1,670,8032022Assets 2023: $1,594,782Liabilities 2023: $40,360Net Assets 2023: $1,554,4222023Assets 2024: $1,541,814Liabilities 2024: $108,350Net Assets 2024: $1,433,4642024

Highlighted filing

2022

Assets$1,710,422
Liabilities$39,619
Net Assets$1,670,803
Open 2022 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $380,2742010Expenses 2011: $377,0442011Revenue 2012: $328,504Expenses 2012: $380,233Net Income 2012: -$51,7292012Revenue 2013: $343,489Expenses 2013: $392,315Net Income 2013: -$48,8262013Revenue 2014: $330,566Expenses 2014: $398,143Net Income 2014: -$67,5772014Revenue 2015: $331,560Expenses 2015: $411,120Net Income 2015: -$79,5602015Revenue 2016: $387,981Expenses 2016: $390,101Net Income 2016: -$2,1202016Revenue 2017: $334,643Expenses 2017: $398,109Net Income 2017: -$63,4662017Revenue 2018: $335,872Expenses 2018: $398,962Net Income 2018: -$63,0902018Revenue 2019: $330,488Expenses 2019: $418,225Net Income 2019: -$87,7372019Revenue 2020: $336,987Expenses 2020: $429,926Net Income 2020: -$92,9392020Revenue 2021: $339,901Expenses 2021: $420,804Net Income 2021: -$80,9032021Revenue 2022: $343,289Expenses 2022: $472,813Net Income 2022: -$129,5242022Revenue 2023: $358,453Expenses 2023: $474,834Net Income 2023: -$116,3812023Revenue 2024: $350,942Expenses 2024: $471,900Net Income 2024: -$120,9582024

Highlighted filing

2022

Revenue$343,289
Expenses$472,813
Net Income-$129,524
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 31, 2023
Return Version
2022v5.0
Gross Receipts
$343,289
Mission and Program Overview

Mission

The corporation was organized solely and specifically to develop, own, and operate a low-income housing project on a nonprofit basis pursuant to section 202 of the national housing act.

Low income housing project.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,470,451$1,361,225▼ $109,226
Accounts Receivable$24,776$3,566▼ $21,210
Cash and Non-Interest-Bearing Accounts$1,421$3,483▲ $2,062
Prepaid Expenses and Deferred Charges$15,447$2,254▼ $13,193
Total Assets$1,843,722$1,710,422▼ $133,300
Other Assets Total$331,627$339,894▲ $8,267
Liabilities
Accounts Payable and Accrued Expenses$19,534$18,746▼ $788
Other Liabilities$22,273$17,914▼ $4,359
Deferred Revenue$1,588$2,959▲ $1,371
Total Liabilities$43,395$39,619▼ $3,776
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,458,700$3,458,700→ $0
Net Assets Without Donor Restrictions$-1,658,373$-1,787,897▼ $129,524
Total Net Assets Fund Balance$1,800,327$1,670,803▼ $129,524
Total Liabilities and Net Assets / Fund Balance$1,843,722$1,710,422▼ $133,300

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,044,046$2,235,940$3,279,986
Land$271,447-$271,447
Equipment$45,732$191,909$237,641
Other Assets Org$17,914--
Compensation and Service Providers
Top Officer Pay99th percentile

Board Members and Trustees

NameTitle
Kim TownsendChairperson
John MurrayMember
Sister Jane BourneMember
Sister Linda Ann PalmisanoMember
John BrennanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$335,095
Investment Income
$1,121
Other Revenue
$7,073
Change in Net Assets
$-129,524

Audited Revenue Reconciliation

Revenue per Audited Statements
$343,289
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$343,289
Total Revenue per Form 990
$343,289
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$386,763
Salaries, Compensation, and Employee Benefits$86,050
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$167,244--$167,244
Depreciation Depletion$115,774--$115,774
Other Salaries and Wages$54,341--$54,341
Fees for Services Management-$42,179-$42,179
Insurance$31,305--$31,305
Payroll Taxes$23,162--$23,162
Fees for Services Accounting-$12,560-$12,560
Office Expenses-$10,427-$10,427
Other Employee Benefits$8,547--$8,547
Other Expenses-$6,744-$6,744
Conferences and Meetings-$311-$311
Advertising-$219-$219
Total Functional Expenses$400,373$72,440$0$472,813

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$472,813
Total Expenses per Audited Statements$472,813
Total Expenses per Form 990$472,813
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
TENANTS' SECURITY DEPOSITS$17,914
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization delegated control over management duties to christopher community under the direct supervision of the board of directors. This includes bookkeeping, property management, and personnel related functions.”

Form 990, Part VI, Section B, Line 11B

“The cfo for the managing agent receives the 990 from the auditor and reviews the form. The 990 is reviewed by the cpa with the board of directors as a part of the annual audit meeting prior to the filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“The managing agent reviews the conflict of interest statements signed by the board members annually for each property. If a conflict arises the managing agent monitors the transaction to ensure it is conducted at arms-length. The managing agent discourages this type of relationship and recommends an alternative situation if at all possible.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Loretto Apartments Housing Development
EIN
16-1496955
Phone
3154241821
Address
990 JAMES STREET, SYRACUSE, NY 13203

Signing Officer

Name
Kimberly Townsend
Title
Chairperson
Phone
3154241821
Signed
2023-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Townsend
Formed
1996
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
3

Preparer

Firm
Bonadio & Co Llp
Address
432 NORTH FRANKLIN STREET, SYRACUSE, NY 13204
Preparer
Bettina Lipphardt
Phone
3154227109
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There has been no changes to the oversight process.”

Raw XML AppendixShowing 400 of 710 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt019534
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt018746
IRS990/AccountsReceivableGrp/BOYAmt024776
IRS990/AccountsReceivableGrp/EOYAmt03566
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0LOW INCOME HOUSING PROJECT.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0219
IRS990/AdvertisingGrp/TotalAmt0219
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KYLE LYSKAWA CFO
IRS990/BooksInCareOfDetail/PhoneNum03154241821
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0990 JAMES STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0SYRACUSE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd013203
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01421
IRS990/CashNonInterestBearingGrp/EOYAmt03483
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0311
IRS990/ConferencesMeetingsGrp/TotalAmt0311
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01121
IRS990/CYOtherExpensesAmt0386763
IRS990/CYOtherRevenueAmt07073
IRS990/CYProgramServiceRevenueAmt0335095
IRS990/CYRevenuesLessExpensesAmt0-129524
IRS990/CYSalariesCompEmpBnftPaidAmt086050
IRS990/CYTotalExpensesAmt0472813
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0343289
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01588
IRS990/DeferredRevenueGrp/EOYAmt02959
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0115774
IRS990/DepreciationDepletionGrp/TotalAmt0115774
IRS990/Desc0OPERATION OF A 50-UNIT LOW-INCOME HOUSING PROJECT ON A NONPROFIT BASIS PERSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt03458700
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt03458700
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0400373
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012560
IRS990/FeesForServicesAccountingGrp/TotalAmt012560
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt042179
IRS990/FeesForServicesManagementGrp/TotalAmt042179
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt039.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt139.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt058527
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt115447
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0KIM TOWNSEND
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm2SISTER LINDA ANN PALMISANO
IRS990/Form990PartVIISectionAGrp/PersonNm3SISTER JANE BOURNE
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN BRENNAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0806740
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1312171
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0343289
IRS990/GroupExemptionNum00928
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt031305
IRS990/InsuranceGrp/TotalAmt031305
IRS990/InvestmentIncomeGrp/ExclusionAmt01121
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01121
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02427849
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01470451
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01361225
IRS990/LandBldgEquipCostOrOtherBssAmt03789074
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CORPORATION WAS ORGANIZED EXCLUSIVELY TO DEVELOP, OWN, AND OPERATE A LOW-INCOME HOUSING PROJECT ON A NONPROFIT BASIS PERSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01800327
IRS990/NetAssetsOrFundBalancesEOYAmt01670803
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1658373
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1787897
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0167244
IRS990/OccupancyGrp/TotalAmt0167244
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010427
IRS990/OfficeExpensesGrp/TotalAmt010427
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0331627
IRS990/OtherAssetsTotalGrp/EOYAmt0339894
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08547
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08547
IRS990/OtherExpensesGrp/Desc0OTHER MISC. EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06744
IRS990/OtherExpensesGrp/TotalAmt06744
IRS990/OtherLiabilitiesGrp/BOYAmt022273
IRS990/OtherLiabilitiesGrp/EOYAmt017914
IRS990/OtherRevenueMiscGrp/BusinessCd0532000
IRS990/OtherRevenueMiscGrp/Desc0OTHER MISC. INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07073
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07073
IRS990/OtherRevenueTotalAmt07073
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt054341
IRS990/OtherSalariesAndWagesGrp/TotalAmt054341
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt023162
IRS990/PayrollTaxesGrp/TotalAmt023162
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015447
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02254
IRS990/PrincipalOfficerNm0KIMBERLY TOWNSEND
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME - TENANT
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME - HUD
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0201868
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1133227
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0201868
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1133227
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0983
IRS990/PYOtherExpensesAmt0331568
IRS990/PYOtherRevenueAmt03900
IRS990/PYProgramServiceRevenueAmt0335018
IRS990/PYRevenuesLessExpensesAmt0-80903
IRS990/PYSalariesCompEmpBnftPaidAmt089236
IRS990/PYTotalExpensesAmt0420804
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0339901
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-129524
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0342168
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01121
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0983
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04408
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05514
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05084
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017110
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0335095
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0335018
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0327254
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0320823
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0326851
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01645041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01121
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0983
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04408
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05514
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05084
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017110
IRS990ScheduleA/InvestmentIncomeCYPct00.01020
IRS990ScheduleA/InvestmentIncomePYPct00.01300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt07073
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03900
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010973
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98320
IRS990ScheduleA/PublicSupportPY509Pct00.98470
IRS990ScheduleA/PublicSupportTotal509Amt01645041
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0335095
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0335018
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0327254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0320823
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0326851
IRS990ScheduleA/Total509Grp/TotalAmt01645041
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0343289
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0339901
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0331662
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0326337
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0331935
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01673124
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01044046
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02235940
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03279986
IRS990ScheduleD/EquipmentGrp/BookValueAmt045732
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0191909
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0237641
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0472813
IRS990ScheduleD/LandGrp/BookValueAmt0271447
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0271447
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt033731
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1288249
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt217914
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INSURANCE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017914
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0343289
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01361225
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0339894
IRS990ScheduleD/TotalExpensesPerForm990Amt0472813
IRS990ScheduleD/TotalLiabilityAmt017914
IRS990ScheduleD/TotalRevenuePerForm990Amt0343289
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0343289
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0472813
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0150000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt128000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0570000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1280000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt047500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt113720
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011027
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt11727
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt086740
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt14171
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KIM TOWNSEND
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOHN MURRAY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIRPERSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0865267
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1327618
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO CHRISTOPHER COMMUNITY UNDER THE DIRECT SUPERVISION OF THE BOARD OF DIRECTORS. THIS INCLUDES BOOKKEEPING, PROPERTY MANAGEMENT, AND PERSONNEL RELATED FUNCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CFO FOR THE MANAGING AGENT RECEIVES THE 990 FROM THE AUDITOR AND REVIEWS THE FORM. THE 990 IS REVIEWED BY THE CPA WITH THE BOARD OF DIRECTORS AS A PART OF THE ANNUAL AUDIT MEETING PRIOR TO THE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MANAGING AGENT REVIEWS THE CONFLICT OF INTEREST STATEMENTS SIGNED BY THE BOARD MEMBERS ANNUALLY FOR EACH PROPERTY. IF A CONFLICT ARISES THE MANAGING AGENT MONITORS THE TRANSACTION TO ENSURE IT IS CONDUCTED AT ARMS-LENGTH. THE MANAGING AGENT DISCOURAGES THIS TYPE OF RELATIONSHIP AND RECOMMENDS AN ALTERNATIVE SITUATION IF AT ALL POSSIBLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAS BEEN NO CHANGES TO THE OVERSIGHT PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0LORETTO MANAGEMENT CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0ADVANCED INSTITUTIONAL SUPPORT SERVICES LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0200424458
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PROVIDES FOOD AND FOOD SERVICE OPERATIONS TO VARIOUS LORETTO AFFILIATES
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0700 EAST BRIGHTON AVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0SYRACUSE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd013205
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd170
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd180

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,710,422
Liabilities
$39,619
Net assets
$1,670,803
Revenue
$343,289
Expenses
$472,813
Net income
-$129,524
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.54$0.11$1.43$0.35$0.47$0.12
2023Detailed filing. Detailed filing data is available for this year.$1.59$0.04$1.55$0.36$0.47$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.71$0.04$1.67$0.34$0.47$0.13
2021Detailed filing. Detailed filing data is available for this year.$1.84$0.04$1.80$0.34$0.42$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.91$0.03$1.88$0.34$0.43$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.01$0.04$1.97$0.33$0.42$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.08$0.02$2.06$0.34$0.40$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.15$0.03$2.12$0.33$0.40$0.06
2016Detailed filing. Detailed filing data is available for this year.$2.21$0.02$2.19$0.39$0.39$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.22$0.03$2.19$0.33$0.41$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.30$0.03$2.27$0.33$0.40$0.07
2013Detailed filing. Detailed filing data is available for this year.$2.37$0.03$2.34$0.34$0.39$0.05
2012Summary only. Only limited summary data is available for this year.$2.41$0.02$2.39$0.33$0.38$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$0.03$2.44$0.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$0.03$2.48$0.38