Public Charity

LORETTO MANAGEMENT CORPORATION

LORETTO MANAGEMENT CORPORATION, of SYRACUSE, NY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $28.3M in revenue, $30.4M in expenses, $23.1M in total assets. 2 publicly reported grants to this organization, totaling roughly $659K, appear in IRS filings.

EIN: 222873640 SYRACUSE, NY Nursing Facilities NTEE: E91 Latest filing: 2024
Total Revenue$28.3M
Total Expenses$30.4M
Total Assets$23.1M
Grant Records2
Funding Total$659K
Filing Years2020–2024

Mission

TO ADVISE AND ASSIST RELATED ORGANIZATIONS IN THE PLANNING AND COORDINATING OF ACTIVITIES FOR THE DELIVERY OF SERVICES TO ADVANCE THE HEALTH, HOUSING, AND WELFARE OF THE ELDERLY.

Where $100 goes at Loretto Management Corporation

How Loretto Management Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$71 Programs the work itself
$29 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $71 for programs

$39
The organization provides healthcare & nutrition services to related & unrelated organizations
54% of program spending
$26
To provide food and food service to nursing homes and other health care related entities
37% of program spending
$4
Other administrative services
6% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CHIEF INFORMATION OFFICER Brandon Claps
CHIEF OPERATING OFFICER Christine Stanford
BOARD MEMBER Craig Luce
MEDICAL DIRECTOR David Heisig
BOARD MEMBER Elizabeth Quilter
BOARD MEMBER Gwen Webber-Mcleod

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$659,078 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $28.3M $30.4M $23.1M
2023 $28.5M $30.0M $32.6M
2022 $26.9M $28.0M $47.1M
2021 $24.4M $25.2M $57.3M
2020 $27.3M $26.8M $52.9M

Between 2020 and 2024, reported annual revenue grew from $27.3M to $28.3M (+4%), with total assets most recently reported at $23.1M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for LORETTO MANAGEMENT CORPORATION

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