Nonprofit · EIN 16-1496955
LORETTO APARTMENTS HOUSING DEVELOPMENT FUND CO INC
Also known as MALTA HOUSE APARTMENTS
Tax-exempt · SYRACUSE, NY 13203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $350,942 | $471,900 | -$120,958 | $1,541,814 | $108,350 | $1,433,464 |
| December 31, 2023 | 990 | $358,453 | $474,834 | -$116,381 | $1,594,782 | $40,360 | $1,554,422 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $344,884
- Investment income
- $2,108
- Other revenue
- $3,950
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $48,401
- Salaries, compensation and benefits (total)
- $58,217
- Professional fundraising fees
- $0
- Legal fees
- $1,085
- Accounting fees
- $14,060
- Occupancy
- $191,149
- Depreciation
- $111,799
- Program services (functional)
- $391,461
- Management and general (functional)
- $80,439
Balance sheet and other
- Total assets, start of year
- $1,594,782
- Total assets, end of year
- $1,541,814
- Total liabilities, end of year
- $108,350
- Net assets, end of year
- $1,433,464
- Land, buildings and equipment
- $1,188,344
- Net assets without donor restrictions
- -$2,025,236
- Net assets with donor restrictions
- $3,458,700
- Gross receipts
- $350,942
- Employees
- 0
- Volunteers
- 3
- Year formed
- 1996
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KIM TOWNSEND | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $609,681 | $27,907 |
| JOHN MURRAY | MEMBER Trustee or director | 1 | $0 | $299,513 | $4,333 |
| SISTER LINDA ANN PALMISANO | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SISTER JANE BOURNE | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN BRENNAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KIM GRUNINGER | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $775,079 | $27,379 |
| JOHN MURRAY | MEMBER Trustee or director | 1 | $0 | $305,506 | $4,238 |
| SISTER LINDA ANN PALMISANO | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SISTER JANE BOURNE | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN BRENNAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 990 JAMES STREET, SYRACUSE, NY 13203-2879
- In care of
- % CHRISTOPHER COMMUNITY INC
- Principal officer (990 for 2024)
- KIMBERLY GRUNINGER, 990 JAMES STREET, SYRACUSE, NY 13203
- Signed the 990
- KIMBERLY TOWNSEND, CHAIRPERSON
- Phone
- (315) 424-1821
- Return prepared by
- BONADIO & CO LLP
Mission
THE CORPORATION WAS ORGANIZED EXCLUSIVELY TO DEVELOP, OWN, AND OPERATE A LOW-INCOME HOUSING PROJECT ON A NONPROFIT BASIS PERSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.
Program accomplishments
- OPERATION OF A 50-UNIT LOW-INCOME HOUSING PROJECT ON A NONPROFIT BASIS PERSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.Expenses $391,461 · revenue $348,834
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1496955
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Exempt since
- 1946
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0928: UNITED STATES CATHOLIC CONFERENCE
- Assets (IRS master file)
- $1,541,814
- Income (IRS master file)
- $350,942
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $350,942 | $471,900 | $1,541,814 | XML |
| 990 | December 2023 | $358,453 | $474,834 | $1,594,782 | XML |
| 990 | December 2022 | $343,289 | $472,813 | $1,710,422 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1496955).
Questions about LORETTO APARTMENTS HOUSING DEVELOPMENT FUND CO INC
- What is the EIN of LORETTO APARTMENTS HOUSING DEVELOPMENT FUND CO INC?
- The employer identification number (EIN) of LORETTO APARTMENTS HOUSING DEVELOPMENT FUND CO INC is 16-1496955.
- Is LORETTO APARTMENTS HOUSING DEVELOPMENT FUND CO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Which annual return does LORETTO APARTMENTS HOUSING DEVELOPMENT FUND CO INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LORETTO APARTMENTS HOUSING DEVELOPMENT FUND CO INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LORETTO APARTMENTS HOUSING DEVELOPMENT FUND CO INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LORETTO APARTMENTS HOUSING DEVELOPMENT FUND CO INC?
- The 990 for the year ended December 31, 2024 names KIMBERLY GRUNINGER.
- Who are the officers and directors of LORETTO APARTMENTS HOUSING DEVELOPMENT FUND CO INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does LORETTO APARTMENTS HOUSING DEVELOPMENT FUND CO INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $350,942, expenses of $471,900 and total assets of $1,541,814 at year end.
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