House Of Loreto For Senior Citizens
- Assets
- $789.0k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 75
- Location
- Canton, OH
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 34-0757174
Organization Overview
House Of Loreto For Senior Citizens is located in Canton, OH. The organization was established in 1946. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, House Of Loreto For Senior Citizens employed 75 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. House Of Loreto For Senior Citizens 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 12/2021, House Of Loreto For Senior Citizens generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MINISTRY OF CARE OF THE AGED BY THE RELIGIOUS COMMUNITY OF SISTERS OF THE CONGREGATION OF THE DIVINE SPIRIT OF THE ROMAN CATHOLIC CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME FOR OLDER AMERICANS WHICH SERVED 40 RESIDENTS 10,003 DAYS OF NURSING AND PALLIATIVE CARE ASSISTED BY $378,034 IN CONTRIBUTED SERVICES BY THE 15 SISTERS OF THE CONGREGATION OF THE DIVINE SPIRIT IN MINISTRY IN THE HOME. THE FACILITY PROVIDED $147,713 IN UNREIMBURSED CHARITY CARE FOR RESIDENTS WHO WERE UNABLE TO PAY THE FULL ROOM AND BOARD IN 2020.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sister Michele Beauseigneur Cds President | Officer | 56 | $0 |
Sister Marilee Heuer Cds Administrator | Officer | 56 | $0 |
Sister Mary Ellen Martin Cds Vice-President | Officer | 56 | $0 |
None Highest Compensated Employees Earning >100,000 | 0 | $0 | |
Sister Janet Harold Cds Co-Administrator/treasurer | Officer | 56 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,689 |
| All other contributions, gifts, grants, and similar amounts not included above | $246,142 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $268,831 |
| Total Program Service Revenue | $1,486,779 |
| Investment income | $33 |
| 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 | $1,755,643 |
| 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 | $1,257,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,084 |
| Payroll taxes | $89,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,421 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,077 |
| Advertising and promotion | $0 |
| Office expenses | $14,650 |
| Information technology | $3,954 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,967 |
| Insurance | $161,368 |
| All other expenses | $0 |
| Total functional expenses | $2,047,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222 |
| Savings and temporary cash investments | $157,680 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $631,095 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $788,997 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $619,331 |
| Total liabilities | $619,331 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $169,666 |
| 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 | $788,997 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that House Of Loreto For Senior Citizens has recieved totaling $10,127.
| Awarding Organization | Amount |
|---|---|
Stark Community Foundation Inc Canton, OH PURPOSE: GENERAL SUPPORT | $10,127 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Wesleyan Senior Care Inc Elyria, OH | $38,781,786 | $23,501,325 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Vista Grande Villa Jackson, MI | $18,128,782 | $15,877,096 |
Prairie Landing Community Inc Indianapolis, IN | $109,459,923 | $13,961,062 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Hubbard Hill Estates Inc Elkhart, IN | $40,723,668 | $16,327,220 |
Mother Angeline Mccrory Manor Inc Columbus, OH | $23,036,099 | $15,389,300 |
Manor Care Of Tacoma Wa Association Toledo, OH | $1,605,997 | $12,220,932 |