Loretta Rest Realty Corporation

Organization Overview

Loretta Rest Realty Corporation is located in Syracuse, NY. The organization was established in 1971. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Loretta Rest Realty Corporation employed 1,479 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loretta Rest Realty Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Loretta Rest Realty Corporation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HEALTHCARE & RENTAL OF SPACE TO HEALTHCARE COMPANIES

Describe the Organization's Program Activity:

THE ORGANIZATION OWNS REAL PROPERTY AND LEASES IT TO LORETTO HEALTH & REHABILITATION CENTER, A 583 BED SKILLED NURSING FACILITY.


PROVIDING DENTAL, VISION, AND PODIATRY SERVICES THROUGH IT'S CLINIC.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,049,705
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,049,705

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