Civic Intelligence

Loretto Apts Housing Dev Fund Co Inc Malta House Apartments

990 • Fiscal year 2023 • EIN 16-1496955

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 06, 2024

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

39th percentile

0.03x

Higher debt load relative to assets than 39% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

55th percentile

0.11x

Higher debt load relative to revenue than 55% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

11th percentile

-32%

Higher net margin than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

99th percentile

$802,458

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 223.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

17th percentile

-6.8%

Faster asset growth than 17% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

4.4%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$1,594,782

Down $115,640 (-6.8%) from 2022

Net Assets

Down

$1,554,422

Down $116,381 (-7.0%) from 2022

Liabilities

Up

$40,360

Up $741 (+1.9%) from 2022

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin11th percentile

Revenue

Up

$358,453

Up $15,164 (+4.4%) from 2022

Expenses

Up

$474,834

Up $2,021 (+0.4%) from 2022

Net Income

Up

-$116,381

Up $13,143 (+10%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2023

Assets$1,594,782
Liabilities$40,360
Net Assets$1,554,422
Open 2023 Filing

Operations Trend

Revenue Growth46th 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

2023

Revenue$358,453
Expenses$474,834
Net Income-$116,381
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 6, 2024
Return Version
2023v5.1
Gross Receipts
$358,453
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$1,361,225$1,262,412▼ $98,813
Prepaid Expenses and Deferred Charges$2,254$2,530▲ $276
Cash and Non-Interest-Bearing Accounts$3,483$2,021▼ $1,462
Accounts Receivable$3,566$915▼ $2,651
Total Assets$1,710,422$1,594,782▼ $115,640
Other Assets Total$339,894$326,904▼ $12,990
Liabilities
Accounts Payable and Accrued Expenses$18,746$21,498▲ $2,752
Other Liabilities$17,914$18,862▲ $948
Deferred Revenue$2,959$0▼ $2,959
Total Liabilities$39,619$40,360▲ $741
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,458,700$3,458,700→ $0
Net Assets Without Donor Restrictions$-1,787,897$-1,904,278▼ $116,381
Total Net Assets Fund Balance$1,670,803$1,554,422▼ $116,381
Total Liabilities and Net Assets / Fund Balance$1,710,422$1,594,782▼ $115,640

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$963,760$2,331,613$3,295,373
Land$271,447-$271,447
Equipment$27,205$210,436$237,641
Other Assets Org$1,479--
Compensation and Service Providers
Top Officer Pay99th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$349,770
Investment Income
$5,315
Other Revenue
$3,368
Change in Net Assets
$-116,381

Audited Revenue Reconciliation

Revenue per Audited Statements
$358,453
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$358,453
Total Revenue per Form 990
$358,453
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$431,278
Salaries, Compensation, and Employee Benefits$43,556
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$208,327--$208,327
Depreciation Depletion$114,200--$114,200
Fees for Services Management-$40,942-$40,942
Other Salaries and Wages$37,148--$37,148
Insurance$29,379--$29,379
Fees for Services Accounting-$14,810-$14,810
Office Expenses-$12,386-$12,386
Other Expenses-$9,498-$9,498
Payroll Taxes$4,673--$4,673
Other Employee Benefits$1,292--$1,292
Fees for Services Legal-$1,085-$1,085
Pension Plan Contributions$443--$443
Advertising-$360-$360
Conferences and Meetings-$291-$291
Total Functional Expenses$395,462$79,372$0$474,834

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$474,834
Total Expenses per Audited Statements$474,834
Total Expenses per Form 990$474,834
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$18,862
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
2024-11-06
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Bonadio & Co Llp
Address
432 NORTH FRANKLIN STREET, SYRACUSE, NY 13204
Preparer
Benjamin Novak
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 724 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.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0349770
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0335095
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0335018
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0327254
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0320823
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01667960
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05315
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01121
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0983
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04408
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05514
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017341
IRS990ScheduleA/InvestmentIncomeCYPct00.01020
IRS990ScheduleA/InvestmentIncomePYPct00.01020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03368
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt07073
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03900
IRS990ScheduleA/OtherIncome509Grp/TotalAmt014341
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98140
IRS990ScheduleA/PublicSupportPY509Pct00.98320
IRS990ScheduleA/PublicSupportTotal509Amt01667960
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0349770
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0335095
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0335018
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0327254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0320823
IRS990ScheduleA/Total509Grp/TotalAmt01667960
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0358453
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0343289
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0339901
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0331662
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0326337
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01699642
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0963760
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02331613
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03295373
IRS990ScheduleD/EquipmentGrp/BookValueAmt027205
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0210436
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0237641
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0474834
IRS990ScheduleD/LandGrp/BookValueAmt0271447
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0271447
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt021231
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1285332
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt218862
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31479
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INSURANCE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018862
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0358453
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01262412
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0326904
IRS990ScheduleD/TotalExpensesPerForm990Amt0474834
IRS990ScheduleD/TotalLiabilityAmt018862
IRS990ScheduleD/TotalRevenuePerForm990Amt0358453
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0358453
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0474834
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/BonusRelatedOrganizationsAmt088635
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt117417
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0586444
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1283652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt023041
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt04338
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt14238
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0100000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt14437
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KIM GRUNINGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOHN MURRAY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIRPERSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0802458
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1309744
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

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,594,782
Liabilities
$40,360
Net assets
$1,554,422
Revenue
$358,453
Expenses
$474,834
Net income
-$116,381
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