Nonprofit · EIN 46-2450456
LORETTO APARTMENTS AT OBRIEN ROAD HOUSING DEVELOPMENT FUND CO INC
Tax-exempt · SYRACUSE, NY 13203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $171,702 | $296,796 | -$125,094 | $2,850,002 | $56,899 | $2,793,103 |
| December 31, 2023 | 990 | $170,008 | $295,252 | -$125,244 | $2,956,030 | $37,833 | $2,918,197 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $169,389
- Investment income
- $33
- Other revenue
- $2,280
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $18,760
- Salaries, compensation and benefits (total)
- $24,927
- Professional fundraising fees
- $0
- Legal fees
- $11,598
- Occupancy
- $95,840
- Depreciation
- $115,632
- Program services (functional)
- $253,906
- Management and general (functional)
- $42,890
Balance sheet and other
- Total assets, start of year
- $2,956,030
- Total assets, end of year
- $2,850,002
- Total liabilities, end of year
- $56,899
- Net assets, end of year
- $2,793,103
- Land, buildings and equipment
- $2,703,921
- Net assets without donor restrictions
- -$562,297
- Net assets with donor restrictions
- $3,355,400
- Gross receipts
- $171,702
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2012
- 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 TOWNSEND | 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
- % JOHN MURRAY
- Principal officer (990 for 2024)
- KIMBERLY TOWNSEND, 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 24-UNIT LOW-INCOME HOUSING PROJECT ON A NONPROFIT BASIS PERSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.Expenses $253,906 · revenue $171,669
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
- 46-2450456
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $2,850,002
- Income (IRS master file)
- $171,702
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $171,702 | $296,796 | $2,850,002 | XML |
| 990 | December 2023 | $170,008 | $295,252 | $2,956,030 | XML |
| 990 | December 2022 | $171,864 | $273,005 | $3,068,631 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 46-2450456).
Questions about LORETTO APARTMENTS AT OBRIEN ROAD HOUSING DEVELOPMENT FUND CO INC
- What is the EIN of LORETTO APARTMENTS AT OBRIEN ROAD HOUSING DEVELOPMENT FUND CO INC?
- The employer identification number (EIN) of LORETTO APARTMENTS AT OBRIEN ROAD HOUSING DEVELOPMENT FUND CO INC is 46-2450456.
- Is LORETTO APARTMENTS AT OBRIEN ROAD HOUSING DEVELOPMENT FUND CO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to LORETTO APARTMENTS AT OBRIEN ROAD HOUSING DEVELOPMENT FUND CO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LORETTO APARTMENTS AT OBRIEN ROAD 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 AT OBRIEN ROAD 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 AT OBRIEN ROAD 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 AT OBRIEN ROAD HOUSING DEVELOPMENT FUND CO INC?
- The 990 for the year ended December 31, 2024 names KIMBERLY TOWNSEND.
- Who are the officers and directors of LORETTO APARTMENTS AT OBRIEN ROAD 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 AT OBRIEN ROAD HOUSING DEVELOPMENT FUND CO INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $171,702, expenses of $296,796 and total assets of $2,850,002 at year end.
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