Loomis Senior Living Inc
Nonprofit profile at a glance
- EIN
- 043314106
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Springfield, MA, USA
- Phone
- 4135325325
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Nonprofit Management
Reported finances
- Revenue
- $13,716,847
- Expenses
- $13,545,944
- Assets
- $28,910,335
- Liabilities
- $31,993,032
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- MARGARET R MANTONI (PRESIDENT & CEO)
- LORI TODD (EXECUTIVE DIRECTOR)
Highest reported compensation
- MARGARET R MANTONI (PRESIDENT & CEO): $344,197 total reported compensation
- LORI TODD (EXECUTIVE DIRECTOR): $208,275 total reported compensation
- BARRY WAITE (HR DIRECTOR): $160,077 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To open the door of positive aging of older adults by providing a continuum of high quality services which promotes independence and meets the changing needs of people throughout the aging process.
What it reported doing in 2024
Loomis senior living is a 42-bed nursing facility and a retirement community located in springfield, Massachusetts. The retirement community consists of 121 independent living apartments and 31 assisted living apartments.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 65
- Accountability: 100
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.9%; rating input score 86
- Program expense ratio: 88.1%; rating input score 88
- Fundraising efficiency: $2.76 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.2%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 2.13; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 1.11; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 4%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: 0.8% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: 85.9% of revenue deployed · 88.1% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $11.9M in reported program spending
- Leadership: top reported pay $344K · 27 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.1M reported
- Consistency: 33 of 33 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 10/100.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.