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Nonprofiteer
← LORETTO INDEPENDENT LIVING SERVICES INC

Form 990 for tax year 2023

Filed by LORETTO INDEPENDENT LIVING SERVICES INC.

Totals

Total revenue
$74,036,593
Total expenses
$72,238,745
Contributions and grants received
$1,313,339
Grants paid
$0
Program service revenue
$68,657,713
Investment income
$0
Other revenue
$4,065,541
Total assets, end of year
$32,923,880
Total liabilities, end of year
$15,587,604
Net assets or fund balances, end of year
$17,336,276
Program services expenses (Part IX)
$52,774,276
Management and general expenses
$19,464,469
Fundraising expenses
$0
Program service expenses (Part III)
$52,774,276

Program services were 73.1% 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)

    $1,313,339

  • 2a · Program service revenue: CAPITATION FEES

    total $67,901,566 · related or exempt $67,901,566

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

    total $756,147 · related or exempt $756,147

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

    total $4,065,541 · excluded $4,065,541

  • 11e · Other revenue, total

    $4,065,541

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $21,916,591 · program services $20,126,530 · management and general $1,790,061

  • 8 · Pension plan contributions

    total $638,158 · program services $497,487 · management and general $140,671

  • 9 · Other employee benefits

    total $3,914,149 · program services $3,528,350 · management and general $385,799

  • 10 · Payroll taxes

    total $1,522,891 · program services $1,370,602 · management and general $152,289

  • 11a · Fees: management

    total $7,147,100 · management and general $7,147,100

  • 11b · Fees: legal

    total $2,555 · management and general $2,555

  • 11c · Fees: accounting

    total $32,854 · management and general $32,854

  • 12 · Advertising and promotion

    total $94,749 · management and general $94,749

  • 13 · Office expenses

    total $225,940 · management and general $225,940

  • 14 · Information technology

    total $292,753 · management and general $292,753

  • 16 · Occupancy

    total $902,524 · management and general $902,524

  • 17 · Travel

    total $407,382 · program services $393,560 · management and general $13,822

  • 19 · Conferences, conventions and meetings

    total $28,915 · management and general $28,915

  • 20 · Interest

    total $325,741 · management and general $325,741

  • 22 · Depreciation, depletion and amortization

    total $1,087,698 · program services $1,087,698

  • 23 · Insurance

    total $737,609 · program services $701,673 · management and general $35,936

  • 24a · Other expenses: MEDICAL COSTS

    total $23,844,323 · program services $23,563,612 · management and general $280,711

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $6,639,355 · management and general $6,639,355

  • 24c · Other expenses: DAYCENTER & CLINIC

    total $2,477,458 · program services $1,504,764 · management and general $972,694

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,707,692 · end of year $1,718,922

  • 2 · Savings and temporary cash investments

    beginning of year $3,839,770 · end of year $5,314,143

  • 4 · Accounts receivable

    beginning of year $2,721,684 · end of year $701,562

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,269,725 · end of year $2,597,111

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

    $26,185,879

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

    $13,987,951

  • 10c · Land, buildings and equipment, net

    beginning of year $12,175,225 · end of year $12,197,928

  • 12 · Investments: other securities

    beginning of year $5,931,116 · end of year $6,403,380

  • 15 · Other assets

    beginning of year $3,468,022 · end of year $3,990,834

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,532,825 · end of year $7,804,613

  • 23 · Secured mortgages and notes payable

    beginning of year $7,188,122 · end of year $6,950,765

  • 25 · Other liabilities

    beginning of year $5,853,859 · end of year $832,226

  • 27 · Net assets without donor restrictions

    beginning of year $15,538,428 · end of year $17,336,276

Mission and programs · 2023

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 $52,774,276 · Revenue $68,657,713

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CORA ALSANTE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VICKI O'NEILL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRENDA KO

    BOARD MEMBER,

    Total calculated
    $0
    Hours/week
    1

  • VINCENT SWEENEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HOLLY HOEHNER

    VP GENERAL COUNSEL, BOARD SECRETARY

    Total calculated
    $272,837
    From this org
    $0
    From related orgs
    $272,837
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,910 related
    Bonus
    $0 + $14,927 related
    Other
    $0 + $11,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,894 related
    Filer's total
    $0 + $276,731 related

  • JOHN MURRAY

    CFO, BOARD MEMBER

    Total calculated
    $305,507
    From this org
    $0
    From related orgs
    $305,507
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,090 related
    Bonus
    $0 + $17,417 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,238 related
    Filer's total
    $0 + $309,745 related

  • KIMBERLY TOWNSEND

    PRESIDENT, BOARD CHAIR

    Total calculated
    $775,078
    From this org
    $0
    From related orgs
    $775,078
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $586,443 related
    Bonus
    $0 + $188,635 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,379 related
    Filer's total
    $0 + $802,457 related

  • NANCY WILLIAMS

    CHIEF PEOPLE OFFICER

    Total calculated
    $126,924
    From this org
    $0
    From related orgs
    $126,924
    Other
    $0
    Hours/week
    1 + 39 related

  • BRANDON CLAPS

    CHIEF INFORMATION OFFICER

    Total calculated
    $210,362
    From this org
    $0
    From related orgs
    $210,362
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,214 related
    Bonus
    $0 + $11,148 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,347 related
    Filer's total
    $0 + $213,709 related

  • STEPHANIE BUTTON

    VP OF LORETTO INDEPENDENT LIVING SERVICES, INC.

    Total calculated
    $194,812
    From this org
    $0
    From related orgs
    $194,812
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,362 related
    Bonus
    $0 + $10,450 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,098 related
    Filer's total
    $0 + $197,910 related

  • JENNIFER INGERSON

    VP OF HOUSING

    Total calculated
    $202,284
    From this org
    $0
    From related orgs
    $202,284
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,751 related
    Bonus
    $0 + $11,533 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,205 related
    Filer's total
    $0 + $205,489 related

  • JOELLE MARGREY

    CNO

    Total calculated
    $241,541
    From this org
    $0
    From related orgs
    $241,541
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,078 related
    Bonus
    $0 + $25,463 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,631 related
    Filer's total
    $0 + $245,172 related

  • JULIE SHEEDY

    CHIEF MARKETING AND ENGAGEMENT OFFICER

    Total calculated
    $240,026
    From this org
    $0
    From related orgs
    $240,026
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,342 related
    Bonus
    $0 + $13,684 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,722 related
    Filer's total
    $0 + $243,748 related

  • DAVID HEISIG

    MEDICAL DIRECTOR

    Total calculated
    $274,997
    From this org
    $0
    From related orgs
    $274,997
    Other
    $0
    Hours/week
    40

    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

  • LORI SAKALAS

    FORMER CHIEF OPERATING OFFICER

    Total calculated
    $161,662
    From this org
    $0
    From related orgs
    $159,716
    Other
    $1,946
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,387 related
    Bonus
    $0 + $22,329 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,946 related
    Filer's total
    $0 + $161,662 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
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423189349306822

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