Menorah Park on IRS list of non-profits with revoked tax-exempt status

A Syracuse senior living community is one of 275,000 not-for-profit organizations that have lost tax-exempt status, according to a report released by the IRS this week.

The IRS released a list on June 8 of organizations that have lost tax-exempt status for failing to provide required documents in 2007, 2008 and 2009, despite notices from the IRS that failing to file would result in losing tax-exempt status.

Menorah Park, a senior living community founded in 1912, is on that list.

The community provides independent and assisted living for seniors, nursing, day and home care for adults, a variety of programming, and operates a rehabilitation and health facility from it's 4101 East Genesee campus.

Katie Hughes, director of marketing for Menorah Park, said Friday the organization would have an official statement next week.

Beginning in 2007, tax-exempt organizations were required to start filing annual returns with the IRS, part of the Pension Protection Act passed by Congress in 2006. Organizations that failed to file the new annual documents for three consecutive years automatically have tax-exempt status revoked.

According to the list released by the IRS last week, Menorah Park's tax exemption was revoked May 15, 2010.

Securing tax-exempt status allows not-for-profit organizations to avoid paying federal income taxes on the group's net income.

Organizations on the auto-revocation list that do not receive reinstatement are no longer eligible to receive tax-deductible contributions, and any income they receive may be taxable, the IRS warned.

Many groups on the list have stopped operating, according to the IRS, and and reduced fees are being set up to help organizations reinstate their tax-exempt status.

The IRS' complete list of non-compliant organizations in New York State that have lost tax-exempt status is available here.

We are continuing to follow the story; look for more details in next week's The Eagle.

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