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← LORETTO HEALTH AND REHABILITATION CENTER

Form 990 for tax year 2024

Filed by LORETTO HEALTH AND REHABILITATION CENTER.

Totals

Total revenue
$73,675,234
Total expenses
$82,018,336
Contributions and grants received
$1,699,613
Grants paid
$0
Program service revenue
$71,297,302
Investment income
$15,372
Other revenue
$662,947
Total assets, end of year
$30,970,251
Total liabilities, end of year
$52,963,588
Net assets or fund balances, end of year
-$21,993,337
Program services expenses (Part IX)
$75,375,594
Management and general expenses
$6,642,742
Fundraising expenses
$0
Program service expenses (Part III)
$75,375,594

Program services were 91.9% 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.

  • 1d · Related organizations

    $86,975

  • 1e · Government grants (contributions)

    $1,365,438

  • 1f · All other contributions, gifts and grants

    $247,200

  • 2a · Program service revenue: NET RESIDENTIAL SERVICE REVENUE

    total $71,297,302 · related or exempt $71,297,302

  • 3 · Investment income

    total $15,372 · excluded $15,372

  • 11a · Other revenue: OTHER OPERATING REVENUE

    total $662,947 · related or exempt $662,947

  • 11e · Other revenue, total

    $662,947

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $38,408,524 · program services $38,193,982 · management and general $214,542

  • 8 · Pension plan contributions

    total $1,576,480 · program services $1,567,674 · management and general $8,806

  • 9 · Other employee benefits

    total $6,958,063 · program services $6,919,927 · management and general $38,136

  • 10 · Payroll taxes

    total $2,910,408 · program services $2,894,151 · management and general $16,257

  • 11a · Fees: management

    total $658,882 · program services $25,017 · management and general $633,865

  • 11b · Fees: legal

    total $83,546 · management and general $83,546

  • 11c · Fees: accounting

    total $62,682 · management and general $62,682

  • 11g · Fees: other

    total $5,624,056 · program services $5,577,129 · management and general $46,927

  • 12 · Advertising and promotion

    total $10,375 · management and general $10,375

  • 13 · Office expenses

    total $792,869 · program services $148,883 · management and general $643,986

  • 14 · Information technology

    total $58,954 · program services $18,230 · management and general $40,724

  • 16 · Occupancy

    total $1,640,212 · program services $1,536,679 · management and general $103,533

  • 17 · Travel

    total $1,617 · management and general $1,617

  • 19 · Conferences, conventions and meetings

    total $191,636 · program services $191,636

  • 20 · Interest

    total $891,217 · program services $874,604 · management and general $16,613

  • 21 · Payments to affiliates

    total $2,617,992 · management and general $2,617,992

  • 22 · Depreciation, depletion and amortization

    total $2,677,558 · program services $2,662,602 · management and general $14,956

  • 23 · Insurance

    total $2,046,585 · management and general $2,046,585

  • 24a · Other expenses: SUPPLIES & EQUIPMENT

    total $10,636,068 · program services $10,594,468 · management and general $41,600

  • 24b · Other expenses: NYS GROSS RECEIPTS ASSE

    total $3,337,101 · program services $3,337,101

  • 24c · Other expenses: BAD DEBTS

    total $833,511 · program services $833,511

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $589,717 · end of year $1,933,815

  • 4 · Accounts receivable

    beginning of year $10,146,313 · end of year $11,017,332

  • 9 · Prepaid expenses and deferred charges

    beginning of year $392,584 · end of year $239,977

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

    $63,157,418

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

    $54,275,428

  • 10c · Land, buildings and equipment, net

    beginning of year $10,490,581 · end of year $8,881,990

  • 15 · Other assets

    beginning of year $8,718,385 · end of year $8,897,137

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,506,673 · end of year $14,924,172

  • 19 · Deferred revenue

    beginning of year $12,984

  • 25 · Other liabilities

    beginning of year $32,468,158 · end of year $38,039,416

  • 27 · Net assets without donor restrictions

    beginning of year -$13,650,235 · end of year -$21,993,337

Mission and programs · 2024

Mission

LORETTO, ROOTED IN A RICH HERITAGE OF FAITH, HONORS, SERVES, AND EMPOWERS EVERY ELDER AND THOSE WHO CARE FOR THEM TO LIVE WITH PURPOSE, WHOLENESS, AND DIGNITY.

Activities or mission (Part I)

RESIDENTIAL HEALTH CARE FACILITY

  • THE LORETTO HEALTH AND REHABILITATION CENTER IS COMPRISED OF THE CUNNINGHAM BUILDING, A 13-FLOOR, 487-BED LONG-TERM CARE SKILLED NURSING FACILITY, AND FAHEY REHAB, A 96-BED SHORT-TERM RESIDENTIAL REHABILITATION PROGRAM - THE LARGEST IN CENTRAL NEW YORK.

    Expenses $72,004,895 · Revenue $65,942,573

  • LORETTO OFFERS A FULL RANGE OF REHABILITATION SERVICES INCLUDING POST-SURGICAL RECOVERY, ORTHOPEDIC REHABILITATION, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, PAIN MANAGEMENT AND SPEECH THERAPY. USING BEST PRACTICES, INNOVATIVE PRACTICE AREAS AND THE NEWEST TECHNOLOGY, LORETTO'S CARING PROFESSIONAL STAFF STRIVE TO INCREASE PATIENT COMFORT AND VITALITY WHILE RECOVERING FROM SURGERY, ILLNESS OR INJURY.

    Expenses $3,370,699 · Revenue $6,017,676

As filed on the 2024 return.

Listed in Part VII

  • Kevin Bryans

    BOARD MEMBER, CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Brennan

    BOARD MEMBER, SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John McCabe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joel Amidon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Townsend

    PRESIDENT

    Total calculated
    $637,588
    From this org
    $0
    From related orgs
    $609,681
    Other
    $27,907
    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

    CFO

    Total calculated
    $303,847
    From this org
    $0
    From related orgs
    $299,513
    Other
    $4,334
    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

  • Brandon Claps

    CIO

    Total calculated
    $225,704
    From this org
    $0
    From related orgs
    $222,214
    Other
    $3,490
    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

  • Nancy Williams

    CPO

    Total calculated
    $239,569
    From this org
    $0
    From related orgs
    $239,101
    Other
    $468
    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

  • Joelle Margrey

    CNO

    Total calculated
    $273,911
    From this org
    $0
    From related orgs
    $270,163
    Other
    $3,748
    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

  • Christine Stanford

    COO

    Total calculated
    $208,614
    From this org
    $0
    From related orgs
    $205,298
    Other
    $3,316
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,308 related
    Bonus
    $0 + $7,990 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,316 related
    Filer's total
    $0 + $208,614 related

  • Holly Hoehner

    VP GENERAL COUNSEL

    Total calculated
    $278,584
    From this org
    $0
    From related orgs
    $274,608
    Other
    $3,976
    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

  • Julie Sheedy

    CHIEF MARKETING AND ENGAGE

    Total calculated
    $255,540
    From this org
    $0
    From related orgs
    $251,743
    Other
    $3,797
    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

  • David Heisig

    MEDICAL DIRECTOR

    Total calculated
    $274,997
    From this org
    $0
    From related orgs
    $274,997
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,997 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $274,997 related

  • Courtney Lyon

    ADMINISTRATOR

    Total calculated
    $187,651
    From this org
    $187,651
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,651
    Bonus
    $5,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $187,651

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

  • 2 · Substantiation required before reimbursing expenses
  • 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.

  • ADVANCED INSTITUTIONAL SUPPORT SERVICES LLC

    PROVIDES FOOD AND FOOD SERVICE OPERATIONS TO VARIOUS LORETTO AFFILIATES · NY

    Directly controlled by LORETTO MANAGEMENT CORPORATION

Related corporations and trusts

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

  • BRIGHTON MANAGEMENT SERVICES INC

    C · CONSULTING SERVICES · NY

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202503149349306080

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