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Nonprofiteer
← LORETTO HOUSING DEVELOPMENT FUND CO INC

Form 990 for tax year 2024

Filed by LORETTO HOUSING DEVELOPMENT FUND CO INC.

Totals

Total revenue
$14,093
Total expenses
$46,613
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,085
Investment income
$8
Other revenue
$0
Total assets, end of year
$249,865
Total liabilities, end of year
$1,034,785
Net assets or fund balances, end of year
-$784,920
Program services expenses (Part IX)
$46,482
Management and general expenses
$131
Fundraising expenses
$0
Program service expenses (Part III)
$46,482

Program services were 99.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MANAGEMENT FEES

    total $14,085 · related or exempt $14,085

  • 3 · Investment income

    total $8 · excluded $8

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $131 · management and general $131

  • 16 · Occupancy

    total $14,194 · program services $14,194

  • 20 · Interest

    total $26,088 · program services $26,088

  • 22 · Depreciation, depletion and amortization

    total $6,200 · program services $6,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,716 · end of year $8,606

  • 2 · Savings and temporary cash investments

    beginning of year $38,659 · end of year $38,535

  • 10a · Land, buildings and equipment: cost or other basis

    $4,933,425

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,730,701

  • 10c · Land, buildings and equipment, net

    beginning of year $208,923 · end of year $202,724

  • 23 · Secured mortgages and notes payable

    beginning of year $1,008,698 · end of year $1,034,785

  • 27 · Net assets without donor restrictions

    beginning of year -$752,400 · end of year -$784,920

Mission and programs · 2024

Mission

THE ORGANIZATION RENTS REAL ESTATE TO A RELATED NOT-FOR-PROFIT SECTION 501(C)(3) ORGANIZATION WHICH OPERATES AN ALZHIEMERS RESIDENCE FOR PERSONS IN NEED OF SUPERVISION.

  • LORETTO HOUSING DEVELOPMENT FUND COMPANY RENTS REAL ESTATE TO CHURCHILL MANOR, A RELATED NOT-FOR-PROFIT SECTION 501(C)(3) ORGANIZATION WHICH OPERATES A SPECIALIZED HOUSING FOR PEOPLE WITH DEMENTIA. CHURCHILL MANOR IS ABLE TO OFFER ENRICHED HOUSING AND ASSISTED LIVING SERVICES TO THIS VERY VULNERABLE POPULATION IN A WARM, HOME-LIKE ATMOSPHERE. THE ORGANIZATION OFFERS 24-HOUR SUPERVISED CONTINUOUS CARE. THE STAFF HAS EXPERIENCE, KNOWLEDGE, AND MOST IMPORTANTLY THE COMMITMENT TO PROVIDE THE QUALITY OF CARE AND SAFETY FOR THEIR RESIDENTS.

    Expenses $46,482 · Revenue $14,085

As filed on the 2024 return.

Listed in Part VII

  • VICKI O'NEILL

    BOARD MEMBER, CHAIR

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE CROCKETT

    BOARD MEMBER, VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOHN R BRENNAN

    BOARD MEMBER, SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOHN MCCABE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN BRYANS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHELE JONES GALVIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN J KINGSTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SAM CARELLO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CRAIG LUCE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETER MUSERLIAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH QUILTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAY SUBEDI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GWEN WEBBER-MCLEOD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROSEMARY AVILA-TICIO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIKE BUCK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KIRA REED

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KIMBERLY TOWNSEND

    CEO/PRESIDENT

    Total calculated
    $609,681
    From this org
    $0
    From related orgs
    $609,681
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $609,681 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,569 related
    Nontaxable benefits
    $0 + $4,338 related
    Filer's total
    $0 + $637,588 related

  • JOHN MURRAY

    CHIEF FINANCIAL OFFICER

    Total calculated
    $299,513
    From this org
    $0
    From related orgs
    $299,513
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,513 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,334 related
    Filer's total
    $0 + $303,847 related

  • STEPHANIE BUTTON

    VICE PRESIDENT, PACE

    Total calculated
    $209,010
    From this org
    $0
    From related orgs
    $209,010
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,596 related
    Bonus
    $0 + $13,414 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,287 related
    Filer's total
    $0 + $212,297 related

  • BRANDON CLAPS

    CHIEF INFORMATION OFFICER

    Total calculated
    $222,214
    From this org
    $0
    From related orgs
    $222,214
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,713 related
    Bonus
    $0 + $14,501 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,490 related
    Filer's total
    $0 + $225,704 related

  • HOLLY HOEHNER

    VICE PRESIDENT, GENERAL COUNSEL

    Total calculated
    $274,608
    From this org
    $0
    From related orgs
    $274,608
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,687 related
    Bonus
    $0 + $17,921 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,976 related
    Filer's total
    $0 + $278,584 related

  • JENNIFER INGERSON

    VICE PRESIDENT, HOUSING

    Total calculated
    $212,150
    From this org
    $0
    From related orgs
    $212,150
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,305 related
    Bonus
    $0 + $13,845 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,332 related
    Filer's total
    $0 + $215,482 related

  • JOELLE MARGREY

    CHIEF NURSING OFFICER

    Total calculated
    $270,163
    From this org
    $0
    From related orgs
    $270,163
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,480 related
    Bonus
    $0 + $40,683 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,748 related
    Filer's total
    $0 + $273,911 related

  • JULIE SHEEDY

    CHIEF MARKETING AND ENGAGEMENT OFFICER

    Total calculated
    $251,743
    From this org
    $0
    From related orgs
    $251,743
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,315 related
    Bonus
    $0 + $16,428 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,797 related
    Filer's total
    $0 + $255,540 related

  • NANCY WILLIAMS

    CHIEF PEOPLE OFFICER

    Total calculated
    $239,101
    From this org
    $0
    From related orgs
    $239,101
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,462 related
    Bonus
    $0 + $10,639 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $468 related
    Filer's total
    $0 + $239,569 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202523119349304257

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