irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $0THE LORETTO FOUNDATION IS THE FUND DEVELOPMENT SEGMENT OF THE LORETTO ORGANIZATION AND HAS RESPONSIBILITY FOR RAISING MONEY TO SUPPORT THE ORGANIZATION'S NEEDS. GIFTS TO LORETTO SUPPORT THE FUTURE OF QUALITY AND ACCESSIBLE LONGTERM HEALTH CARE FOR THE FRAIL ELDERLY IN CENTRAL NEW YORK. LORETTO HAS PROVIDED SERVICE TO THIS POPULATION FOR 90 YEARS. WITH DONATIONS FROM THE COMMUNITY, LORETTO WILL CONTINUE TO FULFILL ITS MISSION OF PROVIDING QUALITY OF LIFE FOR THE FRAIL ELDERLY OF CENTRAL NEW YORK.
named programs · 5 · from sources
What they call their work
Community Residence Program
Provides safe, supportive housing for individuals living with mental illness across three community-based homes in Syracuse.
LPN Apprentice Program
Federally recognized apprenticeship program offering paid on-the-job training, free tuition, and mentorship to train frontline workers as Licensed Practical Nurses in partnership with 1199SEIU.
Memory Special Care Unit
Specialized care environment for individuals with Alzheimer’s disease and dementia, available at multiple locations including Loretto Health & Rehabilitation and The Commons on St. Anthony.
PACE CNY
Program of All-Inclusive Care for the Elderly offering community-based medical, social, and supportive services to help frail elderly individuals remain in the community rather than enter nursing homes.
Restorative Care Unit (RCU)
Technology-enabled 25-bed unit at Loretto Health & Rehabilitation providing telemetry monitoring and rehabilitation for patients recovering from heart surgery or other acute conditions.
activities · 4 groups
What they do
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Senior Advocacy and Civic Engagement 1 activity
- Advancing aging policy and long-term care innovationPlayed a founding role in the American Association for the Aging and supported the passage of landmark legislation including Medicare, Medicaid, and the Older Americans Act. Produces public education resources such as the podcast series "Demystifying the Cost of Long-Term Care" with expert guidance and downloadable tools.
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Charity Event Organization 1 activity
- Funding long-term care programs and initiatives for elders and employeesRaises and awards funds to support quality, accessible long-term health care for frail elders in Central New York and to finance critical programs and employee support initiatives. Raised over $250,000 at its annual Hope Celebration to fund these efforts.
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Continuing Care Retirement Communities 1 activity
- Operating specialized eldercare programs and residential facilitiesOperates 19 specialized eldercare programs across a continuum of care, including assisted living, independent living, memory care, skilled nursing, and PACE (Program of All-Inclusive Care for the Elderly) centers in Onondaga and Cayuga counties, NY. Facilities include a 520-bed skilled nursing facility, 216 affordable living apartments, and two PACE centers in North and East Syracuse.
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Healthcare Workforce Training & Career Pathways 1 activity
- Providing employee support and career advancement programsOffers emergency financial assistance to employees and runs advanced paid training programs, including the first federally recognized LPN Apprenticeship Program in the U.S., in partnership with 1199SEIU, which provides free tuition, mentorship, and guaranteed employment.
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financials · form 990 · fy2024
revenue
Total revenue$962K
Contributions & grants$602K63%
Program service revenue$224K23%
Investment income$30K3%
Other revenue$105K
expenses
Total expenses$539K
Program expenses44%
Admin / overhead37%
Fundraising18%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$2.95M
Cash$908K
Investments$1.18M
Liabilities$734K
Net assets$2.22M
Liquid reserves46.5 mo
4 years on record · 2021–2024 · YoY revenue +72.3%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 3
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| KIMBERLY TOWNSEND | CEO/PRESIDENT | 1 | $638K |
| JOHN MURRAY | CHIEF FINANCIAL OFFICER | 1 | $304K |
| JULIE SHEEDY | CHIEF MARKETING AND ENGAGEMENT OFFICER | 8 | $256K |
board members · 18
- CATHERINE JAMES — BOARD MEMBER
- CLAUDIA GASIOROWSKI — BOARD MEMBER, VICE CHAIR
- CONSTANCE PALLERIA — BOARD MEMBER
- CRYSTAL PAOLELLI — BOARD MEMBER, SECRETARY
- GREG LANCETTE — BOARD MEMBER
- HELENE WALLACE — BOARD MEMBER
- JASON SMOROL — BOARD MEMBER
- JOHN P CONDON — BOARD MEMBER
- KIMBERLY MURPHY — BOARD MEMBER
- LAIZA SEMIDEY — BOARD MEMBER
- LISA SONNEBORN — BOARD MEMBER
- LIZA MAGLEY — BOARD MEMBER, CHAIR
- MARY KIELER — BOARD MEMBER
- MEGAN SCHNEIDER — BOARD MEMBER
- MICHAEL ZANDRI — BOARD MEMBER, PAST CHAIR
- PETER E MUSERLIAN — BOARD MEMBER, PAST CHAIR
- PIERRE MORRISSEAU — BOARD MEMBER, TREASURER
- VICTORIA COLT — BOARD MEMBER
relationships · 8
Who they work with
- 1199SEIU Partner — Partnered with Loretto to launch the nationally recognized LPN Apprenticeship Program in 2018.
- Caring Transitions Partner — Partner organization that assists Loretto residents with downsizing and moving services.
- Central New York Network — Primary service region for eldercare programs and community services.
- Loretto Partner — Collaborates with Loretto to sustain its role as an innovator in long-term care.
- Loretto Health & Rehabilitation Partner — Site where Loretto Foundation organizes volunteer activities including social visits, church escorts, and gift shop operations.
- Loretto Organizations Network — Operates solely for the benefit of and carries out the purposes of affiliated Loretto organizations.
- PACE CNY Partner — Operates PACE CNY as part of its eldercare services.
- Roman Catholic Diocese of Syracuse Partner — Founded Loretto in 1926 as the first diocesan home for the aged in North America.
strategies · 5
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Barrier-Reduced Workforce Developmentmethodology: workforce_apprenticeship_modelBy providing paid apprenticeships and removing financial and access barriers, we increase the pipeline of skilled frontline healthcare workers, because integrating earn-while-you-learn models with full support systems enables sustainable career advancement and strengthens the care workforce.
- Continuum-of-Care & Aging-in-Place Modelmethodology: continuum_of_careBy offering a seamless continuum of care within a single community, we enable older adults to age in place with dignity and stability, because minimizing disruptive transitions improves emotional well-being, care continuity, and long-term engagement with services.
- Person-First, Individualized Care Modelmethodology: person_first_careBy centering care on the individual’s dignity, autonomy, and holistic needs, we produce higher well-being and engagement in eldercare, because treating older adults as whole persons—rather than by medical or functional deficits alone—fosters purpose, wholeness, and sustained quality of life.
- Strategic Support of Affiliated Organizationsmethodology: affiliated_organization_supportBy directing resources exclusively to affiliated Loretto organizations, we amplify impact in eldercare services, because focused institutional support enables innovation, sustainability, and mission alignment across a network of care providers.
- Volunteer-Integrated Relational Caremethodology: volunteer_integrated_careBy embedding volunteers as core contributors in care delivery, we enhance the relational and emotional support available to residents, because sustained human connection beyond clinical needs strengthens the overall care environment and promotes a sense of community and belonging.