Loretto Buckley Housing Development Fund Company Inc
Nonprofit profile at a glance
- EIN
- 932485255
- IRS 990 coverage
- 2023–2023
- Forms available
- Form 990 2023
- Location
- Syracuse, NY, USA
- Phone
- 3154695570
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $142,007
- Expenses
- $142,007
- Assets
- $8,557,625
- Liabilities
- $8,557,625
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- KIMBERLY TOWNSEND (PRESIDENT)
Highest reported compensation
- KIMBERLY TOWNSEND (PRESIDENT): $775,078 total reported compensation
- JOHN MURRAY (CFO): $305,507 total reported compensation
- HOLLY HOEHNER (VP GENERAL COUNSEL): $272,837 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization rents real estate to a related not-for-profit section 501(c)(3) organization which operates an assisted living program (alp) for individuals who require elevated levels of assisted care.
What it reported doing in 2023
Loretto buckley housing development fund company rents real estate to buckley landing, a related not-for-profit section 501(c)(3) organization which operates an assisted living program.
Operating model
- Revenue model
- Earned-program. 100% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 82
- Accountability: 95
- Sustainability: 49
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 60.26; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 16 of 16 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $142K in reported program spending
- Leadership: top reported pay $775K · 25 people listed · 4 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Contacts: How to reach this organization
- Related organizations: 21 filed related-organization links
- 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.
- Moderate — Sustainability: Operating margin scored 41/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 5/100.