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Nonprofiteer
← LORETTO INDEPENDENT LIVING SERVICES INC

Form 990 for tax year 2022

Filed by LORETTO INDEPENDENT LIVING SERVICES INC.

Totals

Total revenue
$60,091,908
Total expenses
$60,618,469
Contributions and grants received
$43,063
Grants paid
$0
Program service revenue
$59,678,945
Investment income
$0
Other revenue
$369,900
Total assets, end of year
$38,113,234
Total liabilities, end of year
$22,574,806
Net assets or fund balances, end of year
$15,538,428
Program services expenses (Part IX)
$49,329,373
Management and general expenses
$11,289,096
Fundraising expenses
$0
Program service expenses (Part III)
$49,329,373

Program services were 81.4% 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.

  • 1e · Government grants (contributions)

    $43,063

  • 2a · Program service revenue: CAPITATION FEES

    total $58,891,605 · related or exempt $58,891,605

  • 2b · Program service revenue: COST SHARE & SELF PAY

    total $787,340 · related or exempt $787,340

  • 11a · Other revenue: REFUNDS, REBATES AND OTHER

    total $369,900 · excluded $369,900

  • 11e · Other revenue, total

    $369,900

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $19,360,702 · program services $17,877,200 · management and general $1,483,502

  • 8 · Pension plan contributions

    total $812,828 · program services $654,881 · management and general $157,947

  • 9 · Other employee benefits

    total $3,841,586 · program services $3,457,427 · management and general $384,159

  • 10 · Payroll taxes

    total $1,377,706 · program services $1,239,935 · management and general $137,771

  • 11a · Fees: management

    total $6,237,367 · management and general $6,237,367

  • 11c · Fees: accounting

    total $29,303 · management and general $29,303

  • 12 · Advertising and promotion

    total $13,284 · management and general $13,284

  • 13 · Office expenses

    total $220,487 · management and general $220,487

  • 14 · Information technology

    total $246,125 · management and general $246,125

  • 16 · Occupancy

    total $864,746 · management and general $864,746

  • 17 · Travel

    total $380,889 · program services $367,400 · management and general $13,489

  • 19 · Conferences, conventions and meetings

    total $8,469 · management and general $8,469

  • 20 · Interest

    total $331,753 · management and general $331,753

  • 22 · Depreciation, depletion and amortization

    total $1,110,895 · program services $1,110,895

  • 23 · Insurance

    total $920,370 · program services $874,456 · management and general $45,914

  • 24a · Other expenses: MEDICAL COSTS

    total $22,643,149 · program services $22,440,930 · management and general $202,219

  • 24b · Other expenses: DAYCENTER & CLINIC

    total $2,066,165 · program services $1,306,249 · management and general $759,916

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $152,645 · management and general $152,645

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,784,869 · end of year $7,707,692

  • 2 · Savings and temporary cash investments

    beginning of year $3,841,369 · end of year $3,839,770

  • 4 · Accounts receivable

    beginning of year $129,841 · end of year $2,721,684

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,055,449 · end of year $2,269,725

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

    $25,095,267

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

    $12,920,042

  • 10c · Land, buildings and equipment, net

    beginning of year $12,943,242 · end of year $12,175,225

  • 12 · Investments: other securities

    beginning of year $7,006,237 · end of year $5,931,116

  • 15 · Other assets

    beginning of year $5,863,442 · end of year $3,468,022

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,264,890 · end of year $9,532,825

  • 23 · Secured mortgages and notes payable

    beginning of year $7,511,974 · end of year $7,188,122

  • 25 · Other liabilities

    beginning of year $5,627,150 · end of year $5,853,859

  • 27 · Net assets without donor restrictions

    beginning of year $16,220,435 · end of year $15,538,428

Mission and programs · 2022

Mission

THE TAX EXEMPT PURPOSE OF THIS ORGANIZATION IS TO PROVIDE A WIDE SPECTRUM OF CARE AND SERVICES TO THE ELDERLY WHO WOULD OTHERWISE QUALIFY FOR NURSING HOME CARE. FROM PRIMARY CARE PHYSICIANS AND NURSE PRACTITIONERS TO SOCIAL WORKERS AND DIETICIANS, THE PACE CNY TEAM PROVIDES HOME CARE SERVICES IN THE PARTICIPANT'S HOME, DAY HEALTH CENTERS, HOSPITALS OR LONG TERM CARE FACILITIES WITH ON-CALL SERVICES AVAILABLE 24 HOURS A DAY, 7 DAYS A WEEK, 365 DAYS EACH YEAR.

Activities or mission (Part I)

TO COORDINATE AND PROVIDE HEALTHCARE FOR THE FRAIL ELDERLY IN ONONDAGA COUNTY.

  • PACE CNY CARES FOR INDIVIDUALS IN ONONDAGA COUNTY THAT ARE AGE 55 OR OLDER AND WOULD OTHERWISE NEED NURSING HOME CARE. PACE CNY PROVIDES SERVICES TO INDIVIDUALS TO HELP THEM TO LIVE SAFELY IN THE COMMUNITY AS LONG AS POSSIBLE. PACE CNY PROVIDES ALL NEEDED MEDICAL AND SUPPORT SERVICES INCLUDING BUT NOT LIMITED TO; NURSING, PHYSICAL, OCCUPATIONAL AND RECREATIONAL THERAPIES; PHYSICIAN, HOME HEALTH AND PERSONAL CARE; NECESSARY PRESCRIPTION DRUGS, SOCIAL SERVICES, RESPITE CARE, HOSPITAL AND NURSING HOME CARE, AND SPECIALISTS SUCH AS AUDIOLOGY, DENTISTRY, OPTOMETRY, PODIATRY, AND SPEECH THERAPY.

    Expenses $49,329,373 · Revenue $59,678,945

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kimberly Townsend

    BOARD MEMBER, CHAIR

    Total calculated
    $541,978
    From this org
    $0
    From related orgs
    $527,235
    Other
    $14,743
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $527,235 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $14,743 related
    Filer's total
    $0 + $541,978 related

  • Melissa Allard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vince Sweeney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cora Alsante

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vicki O'Neill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristen Mucitelli-Heath

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Button

    VP OF LORETTO ILS, INC.

    Total calculated
    $167,030
    From this org
    $162,991
    From related orgs
    $0
    Other
    $4,039
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,991
    Bonus
    $0
    Other
    $0
    Deferred
    $498
    Nontaxable benefits
    $3,541
    Filer's total
    $167,030

  • John Murray

    BOARD MEMBER, CFO

    Total calculated
    $263,788
    From this org
    $0
    From related orgs
    $259,932
    Other
    $3,856
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,932 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $804 related
    Nontaxable benefits
    $0 + $3,052 related
    Filer's total
    $0 + $263,788 related

  • Brandon Claps

    CIO

    Total calculated
    $164,387
    From this org
    $0
    From related orgs
    $159,709
    Other
    $4,678
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,709 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $525 related
    Nontaxable benefits
    $0 + $4,153 related
    Filer's total
    $0 + $164,387 related

  • David Heisig

    MEDICAL DIR

    Total calculated
    $229,088
    From this org
    $225,124
    From related orgs
    $0
    Other
    $3,964
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,124
    Bonus
    $0
    Other
    $0
    Deferred
    $534
    Nontaxable benefits
    $3,430
    Filer's total
    $229,088

  • Holly Hoehner

    VP GENERAL COUNSEL, SECRET

    Total calculated
    $248,094
    From this org
    $0
    From related orgs
    $237,048
    Other
    $11,046
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,048 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $430 related
    Nontaxable benefits
    $0 + $10,616 related
    Filer's total
    $0 + $248,094 related

  • Joelle Margrey

    CNO

    Total calculated
    $190,784
    From this org
    $0
    From related orgs
    $185,354
    Other
    $5,430
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,354 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $226 related
    Nontaxable benefits
    $0 + $5,204 related
    Filer's total
    $0 + $190,784 related

  • Julie Sheedy

    VP OF MARKETING

    Total calculated
    $200,700
    From this org
    $0
    From related orgs
    $192,108
    Other
    $8,592
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,108 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $585 related
    Nontaxable benefits
    $0 + $8,007 related
    Filer's total
    $0 + $200,700 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.

  • ADVANCED INSITUTIONAL SUPPORT SERVICES

    PROVIDES FOOD AND FOOD SERVICES · NY

    Directly controlled by LORETTO MANAGEMENT CORPORATION

Related corporations and trusts

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

  • BRIGHTON MANAGEMENT SERVICES

    C · CONSULTING SERVICES · NY

    Directly controlled by LORETTO PROPERTIES CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
4 October 2023
IRS schema version
2022v5.0
Source object
202332829349301258

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