Loretto Geriatric Community
Loretto Geriatric Community shows consistent revenue growth and positive net income with no reported officer compensation.
EIN: 161234898 · Syracuse, NY · NTEE: P73Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $297K |
| Transparency Score | 92/100 |
Is Loretto Geriatric Community Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Loretto Geriatric Community directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Loretto Geriatric Community
Loretto Geriatric Community (EIN: 161234898) is a nonprofit organization based in Syracuse, NY, classified under NTEE code P73Z. The organization reported total revenue of $2.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loretto Geriatric Community's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loretto Geriatric Community is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$424K |
| Total Assets | $725K |
| Total Liabilities | $428K |
| Net Assets | $297K |
| Operating Margin | 17.8% |
| Debt-to-Asset Ratio | 59.1% |
| Months of Reserves | 4.4 months |
Financial Health Grade: A
In 2023, Loretto Geriatric Community reported a surplus of $424K with revenue exceeding expenses, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 59.1% (high leverage).
Financial Trends
Over 13 years of filings (2010–2023), Loretto Geriatric Community's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.6% | +8.2% | -13.3% |
| 2022 | +16.7% | +14.5% | -10.0% |
| 2021 | +27.0% | +5.2% | +112.1% |
| 2019 | +3.7% | +5.8% | -21.1% |
| 2018 | +3.9% | +8.4% | -9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Geriatric Community with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Loretto Geriatric Community allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $424K, with revenue exceeding expenses.
- Debt-to-asset ratio: 59.1%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no executive salaries are drawn from the reported expenses, which is highly commendable for an organization of its size with over $2 million in annual revenue.
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.
Strengths
The following positive indicators were identified for Loretto Geriatric Community:
- Consistent revenue growth, nearly doubling over a decade.
- Positive net income in recent years, indicating sound financial management.
- 0% reported officer compensation, demonstrating high efficiency and mission focus.
- Healthy asset-to-liability ratio, indicating strong financial stability.
- Long filing history (13 filings) suggests consistent operation and compliance.
Frequently Asked Questions about Loretto Geriatric Community
Is Loretto Geriatric Community a legitimate charity?
Loretto Geriatric Community (EIN: 161234898) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Loretto Geriatric Community spend its money?
Loretto Geriatric Community directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Loretto Geriatric Community tax-deductible?
Loretto Geriatric Community is registered as a tax-exempt nonprofit (EIN: 161234898). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Loretto Geriatric Community CEO make?
Loretto Geriatric Community's highest-compensated officer earns $2 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Loretto Geriatric Community's spending goes to programs?
Loretto Geriatric Community directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Loretto Geriatric Community compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Loretto Geriatric Community is above average for NTEE category P73Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Loretto Geriatric Community located?
Loretto Geriatric Community is headquartered in Syracuse, New York and files with the IRS under EIN 161234898. It is classified under NTEE code P73Z.
How many years of IRS 990 filings does Loretto Geriatric Community have?
Loretto Geriatric Community 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 $2.2M in total revenue.
Is Loretto Geriatric Community a good charity?
Based on the provided financial data, Loretto Geriatric Community appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a remarkable commitment to its mission by reporting 0% officer compensation.
How has Loretto Geriatric Community's revenue changed over time?
Loretto Geriatric Community has shown significant revenue growth, increasing from $1,164,070 in 2014 to $2,389,347 in 2023, nearly doubling its revenue over a decade.
What is the organization's financial stability?
The organization exhibits strong financial stability, consistently generating more revenue than expenses in recent years (e.g., $2,389,347 revenue vs. $1,964,886 expenses in 2023) and maintaining a healthy asset-to-liability ratio ($725,351 assets vs. $428,422 liabilities in 2023).
Filing History
IRS 990 filing history for Loretto Geriatric Community showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Loretto Geriatric Community's revenue has grown by 65.5%, moving from $1.4M to $2.4M. Total assets increased by 4.8% over the same period, from $692K to $725K. Total functional expenses rose by 34.1%, from $1.5M to $2.0M. In its most recent filing year (2023), Loretto Geriatric Community reported a surplus of $424K, with revenue exceeding expenses. The organization holds $428K in liabilities against $725K in assets (debt-to-asset ratio: 59.1%), resulting in net assets of $297K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.0M | $725K | $428K | — | — |
| 2022 | $2.1M | $1.8M | $837K | $804K | — | View 990 |
| 2021 | $1.8M | $1.6M | $930K | $671K | — | View 990 |
| 2019 | $1.4M | $1.5M | $438K | $411K | — | View 990 |
| 2018 | $1.4M | $1.4M | $556K | $428K | — | View 990 |
| 2017 | $1.3M | $1.3M | $615K | $419K | — | View 990 |
| 2016 | $1.3M | $1.3M | $665K | $460K | — | View 990 |
| 2015 | $1.3M | $1.3M | $680K | $436K | — | View 990 |
| 2014 | $1.2M | $1.2M | $717K | $465K | — | View 990 |
| 2013 | $1.3M | $1.2M | $704K | $372K | — | View 990 |
| 2012 | $1.3M | $1.2M | $620K | $361K | — | View 990 |
| 2011 | $1.3M | $1.3M | $607K | $410K | — | View 990 |
| 2010 | $1.4M | $1.5M | $692K | $458K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.0M, and assets of $725K (revenue +14.6% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.8M, and assets of $837K (revenue +16.7% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.6M, and assets of $930K (revenue +27.0% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.5M, and assets of $438K (revenue +3.7% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $556K (revenue +3.9% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $615K (revenue +1.4% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $665K (revenue -0.7% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $680K (revenue +11.3% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $717K (revenue -7.5% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $704K (revenue -1.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $620K (revenue -0.4% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $607K (revenue -11.0% year-over-year).
- 2010: Revenue of $1.4M, expenses of $1.5M, and assets of $692K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loretto Geriatric Community:
Data Sources and Methodology
This transparency report for Loretto Geriatric Community 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.