Loretto Adult Community Inc
Loretto Adult Community: Stable Revenue, Declining Assets, and High Administrative Costs
EIN: 222588128 · Syracuse, NY · NTEE: P81Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $16.2M |
| Total Expenses | $15.7M |
| Program Spending | 70% |
| Net Assets | $-2,382,315 |
| Transparency Score | 70/100 |
Search Intent Cockpit
Loretto Adult Community Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Loretto Adult Community Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Loretto Adult Community Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $14.4M and expenses of $15.7M.
Revenue and Expenses
Loretto Adult Community Inc reported $14.4M in revenue and $15.7M in expenses, a deficit of $1.3M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
70/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Loretto Adult Community Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $11.0M (70%) |
Across stored filings, Loretto Adult Community Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Human Services context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Keep the Investigation Moving
Loretto Adult Community Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Loretto Adult Community Inc
Loretto Adult Community Inc (EIN: 222588128) is a nonprofit organization based in Syracuse, NY, classified under NTEE code P81Z. The organization reported total revenue of $16.2M and total assets of $11.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loretto Adult Community Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loretto Adult Community Inc is a large nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.4M |
| Total Expenses | $15.7M |
| Surplus / Deficit | $-1,342,222 |
| Total Assets | $10.9M |
| Total Liabilities | $13.3M |
| Net Assets | $-2,382,315 |
| Operating Margin | -9.3% |
| Debt-to-Asset Ratio | 121.8% |
| Months of Reserves | 8.3 months |
Financial Health Grade: C
In 2023, Loretto Adult Community Inc reported a deficit of $1.3M with expenses exceeding revenue, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 121.8% (high leverage).
Financial Trends
Over 13 years of filings (2010–2023), Loretto Adult Community Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.4% | +4.8% | -7.6% |
| 2022 | -7.3% | +8.2% | -16.1% |
| 2021 | -3.9% | +3.1% | -10.9% |
| 2019 | -1.3% | +3.4% | -23.0% |
| 2018 | +3.6% | +9.7% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Loretto Adult Community Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Loretto Adult Community Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 121.8%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific data on salaries, as the provided financial data only includes revenue, expenses, assets, and liabilities, not individual compensation figures.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Loretto Adult Community Inc's IRS 990 filings:
- Significant decline in total assets from $20.5M in 2018 to $10.9M in 2023, a nearly 50% reduction, warrants further investigation into asset management and potential divestitures.
- Expenses consistently exceed revenue in recent years (e.g., 2023: revenue $14.3M, expenses $15.7M; 2022: revenue $12.0M, expenses $15.0M), indicating operational deficits that could erode reserves.
- The consistent reporting of 'c0%' for lobbying expenses might suggest a lack of advocacy, or that such expenses are categorized differently, which could impact the organization's ability to influence policy relevant to its mission.
Strengths
The following positive indicators were identified for Loretto Adult Community Inc:
- Consistent revenue stream over several years (around $12-14 million) demonstrates a stable funding base for its operations.
- The organization has maintained a relatively stable liability level, suggesting responsible debt management despite asset declines.
- The mission to provide adult community services in Syracuse, NY, addresses a critical community need, indicating a strong social purpose.
Frequently Asked Questions about Loretto Adult Community Inc
Is Loretto Adult Community Inc a legitimate charity?
Loretto Adult Community Inc (EIN: 222588128) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $16.2M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Loretto Adult Community Inc spend its money?
Loretto Adult Community Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Loretto Adult Community Inc tax-deductible?
Loretto Adult Community Inc is registered as a tax-exempt nonprofit (EIN: 222588128). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Loretto Adult Community Inc's spending goes to programs?
Loretto Adult Community Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Loretto Adult Community Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Loretto Adult Community Inc is above average for NTEE category P81Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Loretto Adult Community Inc located?
Loretto Adult Community Inc is headquartered in Syracuse, New York and files with the IRS under EIN 222588128. It is classified under NTEE code P81Z.
How many years of IRS 990 filings does Loretto Adult Community Inc have?
Loretto Adult Community Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $16.2M in total revenue.
What does Loretto Adult Community Inc do?
Loretto Adult Community Inc is a nonprofit organization in the Human Services sector, located in Syracuse, New York. It is classified under NTEE code P81Z.
How much revenue does Loretto Adult Community Inc have?
Loretto Adult Community Inc reported total revenue of $16,224,281. Based on 13 IRS 990 filings on record.
What are Loretto Adult Community Inc's total assets?
Loretto Adult Community Inc holds total assets of $11,341,585 as reported in IRS 990 filings.
Where is Loretto Adult Community Inc located?
Loretto Adult Community Inc is based in Syracuse, New York.
What is Loretto Adult Community Inc's EIN?
Loretto Adult Community Inc's Employer Identification Number (EIN) is 222588128. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Loretto Adult Community Inc?
Loretto Adult Community Inc is classified under NTEE code P81Z (Human Services).
Is Loretto Adult Community Inc a registered 501(c)(3)?
Yes, Loretto Adult Community Inc is recognized as a tax-exempt organization by the IRS. EIN: 222588128.
Does Loretto Adult Community Inc file IRS Form 990?
Yes, Loretto Adult Community Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Loretto Adult Community Inc's revenue in 2023?
In the 202312 filing period, Loretto Adult Community Inc reported total revenue of $14,385,404, total expenses of $15,727,626, and net assets of $10,942,253.
Is Loretto Adult Community Inc's revenue growing or declining?
Loretto Adult Community Inc's revenue is growing. Revenue went from $12,045,990 (202212) to $14,385,404 (202312), a +19.4% change. Based on 13 filings on record.
What is Loretto Adult Community Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Loretto Adult Community Inc covers tax period 202312. It shows revenue of $14,385,404, expenses of $15,727,626, total assets of $10,942,253, and liabilities of $13,324,568.
How much does Loretto Adult Community Inc spend on programs vs administration?
Based on IRS 990 analysis, Loretto Adult Community Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Loretto Adult Community Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Loretto Adult Community Inc appears trustworthy. Mission Score: 70/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Loretto Adult Community Inc?
The following concerns were identified: Significant decline in total assets from $20.5M in 2018 to $10.9M in 2023, a nearly 50% reduction, warrants further investigation into asset management and potential divestitures.. Expenses consistently exceed revenue in recent years (e.g., 2023: revenue $14.3M, expenses $15.7M; 2022: revenue $12.0M, expenses $15.0M), indicating operational deficits that could erode reserves.. The consistent reporting of 'c0%' for lobbying expenses might suggest a lack of advocacy, or that such expenses are categorized differently, which could impact the organization's ability to influence policy relevant to its mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Loretto Adult Community Inc's strengths?
Positive indicators for Loretto Adult Community Inc include: Consistent revenue stream over several years (around $12-14 million) demonstrates a stable funding base for its operations.. The organization has maintained a relatively stable liability level, suggesting responsible debt management despite asset declines.. The mission to provide adult community services in Syracuse, NY, addresses a critical community need, indicating a strong social purpose.. These findings are derived from AI analysis of the organization's financial filings.
How does Loretto Adult Community Inc compensate executives?
Executive compensation cannot be assessed without specific data on salaries, as the provided financial data only includes revenue, expenses, assets, and liabilities, not individual compensation figures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the nearly 50% decline in total assets from $20.5 million in 2018 to $10.9 million in 2023, and what is the strategic plan to address this trend?
The provided data does not specify the reasons for the asset decline, but it could be due to depreciation, sale of assets, or operational losses. A detailed financial statement analysis would be needed to understand the specific causes and the organization's strategy to rebuild its asset base.
Given that expenses have consistently exceeded revenue in recent years, how is Loretto Adult Community Inc. covering these operational deficits, and what is the long-term sustainability plan?
The deficits are likely covered by drawing down reserves or through non-operating income not reflected in the 'r' (revenue) field. Without further detail, it's unclear how sustainable this model is, but it suggests a need for either increased revenue generation or expense reduction to achieve financial equilibrium.
Filing History
IRS 990 filing history for Loretto Adult Community Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Loretto Adult Community Inc's revenue has grown by 131.2%, moving from $6.2M to $14.4M. Total assets increased by 89% over the same period, from $5.8M to $10.9M. Total functional expenses rose by 149%, from $6.3M to $15.7M. In its most recent filing year (2023), Loretto Adult Community Inc reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $13.3M in liabilities against $10.9M in assets (debt-to-asset ratio: 121.8%), resulting in net assets of $-2,382,315.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.4M | $15.7M | $10.9M | $13.3M | — | — |
| 2022 | $12.0M | $15.0M | $11.8M | $12.8M | — | — |
| 2021 | $13.0M | $13.9M | $14.1M | $13.1M | — | — |
| 2019 | $13.5M | $13.5M | $15.9M | $13.4M | — | View 990 |
| 2018 | $13.7M | $13.0M | $20.6M | $13.6M | — | View 990 |
| 2017 | $13.2M | $11.9M | $20.2M | $13.9M | — | View 990 |
| 2016 | $12.6M | $11.3M | $19.2M | $14.2M | — | View 990 |
| 2015 | $12.5M | $10.6M | $18.5M | $14.8M | — | View 990 |
| 2014 | $12.5M | $10.2M | $16.9M | $15.1M | — | View 990 |
| 2013 | $8.0M | $6.9M | $7.5M | $7.6M | — | View 990 |
| 2012 | $7.6M | $6.7M | $6.7M | $7.9M | — | View 990 |
| 2011 | $6.6M | $6.7M | $6.2M | $8.3M | — | View 990 |
| 2010 | $6.2M | $6.3M | $5.8M | $8.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.4M, expenses of $15.7M, and assets of $10.9M (revenue +19.4% year-over-year).
- 2022: Revenue of $12.0M, expenses of $15.0M, and assets of $11.8M (revenue -7.3% year-over-year).
- 2021: Revenue of $13.0M, expenses of $13.9M, and assets of $14.1M (revenue -3.9% year-over-year).
- 2019: Revenue of $13.5M, expenses of $13.5M, and assets of $15.9M (revenue -1.3% year-over-year).
- 2018: Revenue of $13.7M, expenses of $13.0M, and assets of $20.6M (revenue +3.6% year-over-year).
- 2017: Revenue of $13.2M, expenses of $11.9M, and assets of $20.2M (revenue +4.5% year-over-year).
- 2016: Revenue of $12.6M, expenses of $11.3M, and assets of $19.2M (revenue +1.5% year-over-year).
- 2015: Revenue of $12.5M, expenses of $10.6M, and assets of $18.5M (revenue -0.6% year-over-year).
- 2014: Revenue of $12.5M, expenses of $10.2M, and assets of $16.9M (revenue +57.0% year-over-year).
- 2013: Revenue of $8.0M, expenses of $6.9M, and assets of $7.5M (revenue +5.3% year-over-year).
- 2012: Revenue of $7.6M, expenses of $6.7M, and assets of $6.7M (revenue +14.2% year-over-year).
- 2011: Revenue of $6.6M, expenses of $6.7M, and assets of $6.2M (revenue +6.8% year-over-year).
- 2010: Revenue of $6.2M, expenses of $6.3M, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loretto Adult Community Inc:
Data Sources and Methodology
This transparency report for Loretto Adult Community Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.