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Nonprofiteer
← LORETTO HEALTH AND REHABILITATION CENTER

Form 990 for tax year 2023

Filed by LORETTO HEALTH AND REHABILITATION CENTER.

Totals

Total revenue
$70,125,097
Total expenses
$78,838,562
Contributions and grants received
$8,314,008
Grants paid
$0
Program service revenue
$60,841,099
Investment income
$15,166
Other revenue
$954,824
Total assets, end of year
$30,337,580
Total liabilities, end of year
$43,987,815
Net assets or fund balances, end of year
-$13,650,235
Program services expenses (Part IX)
$73,304,610
Management and general expenses
$5,533,952
Fundraising expenses
$0
Program service expenses (Part III)
$73,304,610

Program services were 93.0% 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

    $2,368

  • 1e · Government grants (contributions)

    $8,311,640

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

    total $60,841,099 · related or exempt $60,841,099

  • 3 · Investment income

    total $15,166 · excluded $15,166

  • 11a · Other revenue: OTHER OPERATING REVENUE

    total $954,824 · related or exempt $954,824

  • 11e · Other revenue, total

    $954,824

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $31,360,993 · program services $31,214,185 · management and general $146,808

  • 8 · Pension plan contributions

    total $1,205,697 · program services $1,200,053 · management and general $5,644

  • 9 · Other employee benefits

    total $6,008,758 · program services $5,981,143 · management and general $27,615

  • 10 · Payroll taxes

    total $2,364,088 · program services $2,353,021 · management and general $11,067

  • 11a · Fees: management

    total $346,582 · program services $36,113 · management and general $310,469

  • 11b · Fees: legal

    total $68,463 · management and general $68,463

  • 11c · Fees: accounting

    total $58,171 · management and general $58,171

  • 11d · Fees: lobbying

    total $4,298 · management and general $4,298

  • 11g · Fees: other

    total $12,930,732 · program services $12,873,716 · management and general $57,016

  • 12 · Advertising and promotion

    total $13,418 · management and general $13,418

  • 13 · Office expenses

    total $788,438 · program services $171,799 · management and general $616,639

  • 14 · Information technology

    total $37,131 · program services $18,536 · management and general $18,595

  • 16 · Occupancy

    total $1,715,028 · program services $1,620,226 · management and general $94,802

  • 17 · Travel

    total $3,512 · management and general $3,512

  • 19 · Conferences, conventions and meetings

    total $147,389 · program services $147,389

  • 20 · Interest

    total $883,820 · program services $868,037 · management and general $15,783

  • 21 · Payments to affiliates

    total $2,919,991 · management and general $2,919,991

  • 22 · Depreciation, depletion and amortization

    total $2,780,026 · program services $2,767,012 · management and general $13,014

  • 23 · Insurance

    total $1,101,860 · management and general $1,101,860

  • 24a · Other expenses: SUPPLIES & EQUIPMENT

    total $9,352,211 · program services $9,305,424 · management and general $46,787

  • 24b · Other expenses: NYS GROSS RECEIPTS ASSE

    total $2,909,992 · program services $2,909,992

  • 24c · Other expenses: BAD DEBTS

    total $1,837,964 · program services $1,837,964

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $480,566 · end of year $589,717

  • 4 · Accounts receivable

    beginning of year $8,435,222 · end of year $10,146,313

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,845,311 · end of year $392,584

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

    $62,088,451

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

    $51,597,870

  • 10c · Land, buildings and equipment, net

    beginning of year $12,026,445 · end of year $10,490,581

  • 15 · Other assets

    beginning of year $8,044,444 · end of year $8,718,385

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,297,642 · end of year $11,506,673

  • 19 · Deferred revenue

    beginning of year $638,235 · end of year $12,984

  • 25 · Other liabilities

    beginning of year $26,212,997 · end of year $32,468,158

  • 27 · Net assets without donor restrictions

    beginning of year -$5,316,886 · end of year -$13,650,235

Mission and programs · 2023

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 $69,396,339 · Revenue $55,287,280

  • LORETTO'S ADULT MEDICAL DAY PROGRAM SERVES THE MEDICAL NEEDS OF CENTRAL NEW YORK ADULTS OVER THE AGE OF 21 IN A COMFORTABLE AND SAFE DAY SETTING UP TO SIX DAYS A WEEK. DAYBREAK IS DESIGNED TO HELP ADULTS OVER 21 MAINTAIN THEIR HIGHEST LEVEL OF INDEPENDENCE WHILE CONTINUING TO LIVE IN THEIR COMMUNITY.

    Expenses $146,361

  • 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 $3,761,910 · Revenue $6,508,643

As filed on the 2023 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
    $802,458
    From this org
    $193,770
    From related orgs
    $581,309
    Other
    $27,379
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $146,611 + $439,832 related
    Bonus
    $47,159 + $141,477 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,379
    Filer's total
    $221,149 + $581,309 related

  • John Murray

    CFO

    Total calculated
    $309,743
    From this org
    $76,376
    From related orgs
    $229,129
    Other
    $4,238
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $72,022 + $216,067 related
    Bonus
    $4,354 + $13,062 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $4,238
    Filer's total
    $80,614 + $229,129 related

  • Nancy Williams

    CPO

    Total calculated
    $126,924
    From this org
    $31,731
    From related orgs
    $95,193
    Other
    $0
    Hours/week
    1 + 39 related

  • Christine Stanford

    COO

    Total calculated
    $92,948
    From this org
    $22,838
    From related orgs
    $68,513
    Other
    $1,597
    Hours/week
    10 + 30 related

  • Brandon Claps

    CIO

    Total calculated
    $213,708
    From this org
    $52,590
    From related orgs
    $157,771
    Other
    $3,347
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $49,803 + $149,410 related
    Bonus
    $2,787 + $8,361 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,347
    Filer's total
    $55,937 + $157,771 related

  • Joelle Margrey

    CNO

    Total calculated
    $245,171
    From this org
    $60,385
    From related orgs
    $181,155
    Other
    $3,631
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $54,019 + $162,058 related
    Bonus
    $6,366 + $19,097 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,631
    Filer's total
    $64,016 + $181,155 related

  • Julie Sheedy

    CHIEF MARKETING AND ENGAGE

    Total calculated
    $243,747
    From this org
    $60,006
    From related orgs
    $180,019
    Other
    $3,722
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $56,585 + $169,756 related
    Bonus
    $3,421 + $10,263 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,722
    Filer's total
    $63,728 + $180,019 related

  • Holly Hoehner

    VP GENERAL COUNSEL

    Total calculated
    $276,733
    From this org
    $76,460
    From related orgs
    $196,379
    Other
    $3,894
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $61,728 + $185,183 related
    Bonus
    $3,732 + $11,196 related
    Other
    $11,000
    Deferred
    $0
    Nontaxable benefits
    $3,894
    Filer's total
    $80,354 + $196,379 related

  • David Heisig

    MEDICAL DIRECTOR

    Total calculated
    $274,997
    From this org
    $0
    From related orgs
    $274,997
    Other
    $0
    Hours/week
    0 + 40 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
    $169,413
    From this org
    $169,413
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,113
    Bonus
    $300
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $169,413

  • Lori Sakalas

    FORMER COO

    Total calculated
    $161,662
    From this org
    $39,929
    From related orgs
    $119,787
    Other
    $1,946
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $34,347 + $103,040 related
    Bonus
    $5,582 + $16,747 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,946
    Filer's total
    $41,875 + $119,787 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

  • 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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349303814

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