Loretto Properties Corporation

“The corporations members consist of designated members and elected members. The designated members include the bishop of the roman catholic diocese of syracuse, new york; the vicar general of the roman catholic diocese of syracuse, new york; the director of catholic charities of the roman catholic diocese of syracuse, new york; and the chair of lmc. The elected members are various central new york community individuals.”

“The business and property of the corporation are managed and controlled by a board of trustees who are elected annually by the members of the corporate member of the corporation to hold office until the next annual meeting of the corporate member. The trustees are chosen by ballot at such meeting by a majority of the votes of the members of the corporate member.”

“The 990 will be reviewed by the board of trustees at the october 2025 finance committee meeting.”

“On an annual basis the nominating and development committee of the loretto board of trustees requests all trustees to complete a conflict of interest assessment. The assessments are returned to the executive office and reviewed for any potential conflicts. Should a conflict arise, trustees are asked to recuse themselves from the deliberations and the decision making process regarding the transaction. Additionally, all employees are required to attest annually to a corporate code of conduct which addresses conflict of interest issues.”

“The compensation and benefits committee of the board of trustees of loretto (the committee) is responsible for reviewing and approving proposed compensation and benefit arrangements for key employees (covered persons). In reviewing the reasonableness of proposed compensation and benefit arrangements for covered persons, the committee considers a detailed description of the compensation/benefit arrangement recommended and the reasons for the recommendation, including external labor market data and comparability information for similarly situated persons at like organizations. Comparability information is obtained from independent sources- - from research of publically available data (e.g., wage and benefit survey data). Both external data and internal factors are taken into account by the committee as it reviews compensation and benefit recommendations. When making 2024 compensation decisions, management benchmarked competitive executive compensation levels using multiple industry compensation surveys the committee documents decisions and the basis for decisions regarding compensation and benefit arrangements for covered persons in the form of minutes that are maintained for all meetings of the committee. Covered persons are excluded from deliberations regarding recommended compensation and benefit arrangements.”

“The organization provides form 1023 and form 990 to the public upon request”

“The organization provides other information required under internal revenue service regulations to the public upon request.”

“Kimberly townsend is the president and ceo of the loretto organization, which includes all entities listed on schedule r. John murray is cfo of the loretto organization, which includes all entities listed on schedule r. Brandon claps is the chief information officer of the loretto organization, which includes all entities listed on schedule r jennifer ingerson is vice president of housing and oversees the operations of bernardine apartments, loretto adult community inc., loretto geriatric community residences, nottingham retirement community inc., churchill manor, inc. Holly hoehner is the vice president of general counsel of the loretto organization, which includes all entities listed on schedule r. David heisig is the medical director at loretto independent living services, inc. Joelle margrey is vice president of clinical skilled nursing at loretto health and rehabilitation center. Julie sheedy is chief marketing and engagement officer for the loretto organization, which includes all entities listed on schedule r, and oversees the operations of the loretto foundation.”

“The loretto audit commitee assumes responsibility for oversight of the organization's audit and selection of an independent auditor.”

“Salaries reported are paid through a common paymaster for the organization. Employees are listed as zero since the w-3 is filed under tax id 16-1019465, loretto rest realty corporation.”