Loretto Independent Living Services Inc
- Assets
- $38.1m
- Revenue
- $60.1m
- Investments
- $5.9m
- Employees
- 0
- Location
- North Syracuse, NY
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 16-1470454
Organization Overview
Loretto Independent Living Services Inc, operating under the name Pace Cny, is located in North Syracuse, NY. The organization was established in 1995. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pace Cny is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Pace Cny generated $60.1m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $60.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO COORDINATE AND PROVIDE HEALTHCARE FOR THE FRAIL ELDERLY IN ONONDAGA COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Townsend Board Member, Chair | OfficerTrustee | 1 | $0 |
Melissa Allard Board Member | Trustee | 1 | $0 |
Vince Sweeney Board Member | Trustee | 1 | $0 |
Cora Alsante Board Member | Trustee | 1 | $0 |
Vicki O'neill Board Member | Trustee | 1 | $0 |
Kristen Mucitelli-Heath Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pharmastar Healthcare | 12/30/22 | $4,451,022 |
St Joseph's Healthcare | 12/30/22 | $1,964,472 |
Crouse Healthcare | 12/30/22 | $1,003,916 |
St Camillus Healthcare | 12/30/22 | $733,582 |
Maxim Of Ny Llc Healthcare | 12/30/22 | $657,090 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,063 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,063 |
| Total Program Service Revenue | $59,678,945 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,091,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,360,702 |
| Pension plan accruals and contributions | $812,828 |
| Other employee benefits | $3,841,586 |
| Payroll taxes | $1,377,706 |
| Fees for services: Management | $6,237,367 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,303 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,284 |
| Office expenses | $220,487 |
| Information technology | $246,125 |
| Royalties | $0 |
| Occupancy | $864,746 |
| Travel | $380,889 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,469 |
| Interest | $331,753 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,110,895 |
| Insurance | $920,370 |
| All other expenses | $0 |
| Total functional expenses | $60,618,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,707,692 |
| Savings and temporary cash investments | $3,839,770 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,721,684 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,269,725 |
| Net Land, buildings, and equipment | $12,175,225 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,931,116 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,468,022 |
| Total assets | $38,113,234 |
| Accounts payable and accrued expenses | $9,532,825 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,188,122 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,853,859 |
| Total liabilities | $22,574,806 |
| Net assets without donor restrictions | $15,538,428 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,113,234 |