Holy Redeemer Home Care Inc
- Assets
- $328.5m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 140
- Location
- Runnemede, NJ
- Founding
- 06/1948
- Data as of
- 06/2022
- EIN
- 21-0634582
Organization Overview
Holy Redeemer Home Care Inc, operating under the name Holy Redeemer Home Care-Nj South, is located in Runnemede, NJ. The organization was established in 1948. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Holy Redeemer Home Care-Nj South employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holy Redeemer Home Care-Nj South 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 06/2022, Holy Redeemer Home Care-Nj South generated $14.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $11.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOR NURSES AND THERAPISTS TO PROVIDE PERSONALIZED HOMECARE IN CONJUNCTION WITH A PHYSICIAN'S PLAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMECARE - THE FOLLOWING SERVICES ARE PROVIDED: (1) SPECIALIZED NURSING CARE, (2) THERAPY, (3) LIFEASSESS PROGRAM, (4) HEARTASSESS PROGRAM, (5) BREATHE EASY PROGRAM, AND (6) TELEMONITORING.(1) SPECIALIZED NURSING CARE DELIVERED BY OUR HIGHLY-TRAINED NURSING STAFF WITH A COMPASSIONATE APPROACH.(2) THERAPY SERVICES BY OUR SPECIALIZED REHABILITATION THERAPISTS WHO OFFER A VARIETY OF THERAPIES TO MEET THE UNIQUE NEEDS OF EACH PATIENT.(3) LIFEASSESS PROGRAM, A COMPREHENSIVE ASSESSMENT, EDUCATION, SUPPORT AND REHABILITATION PROGRAM THAT IDENTIFIES AND TREATS OLDER ADULTS WHO ARE AT RISK FOR FOUR OF THE MOST COMMON GERIATRIC SYNDROMES - DEPRESSION, DEMENTIA, FALLS RISK AND INCONTINENCE - ALLOWING THEM TO LIVE SAFELY AT HOME.(4) HEARTASSESS PROGRAM, DESIGNED TO IMPROVE QUALITY OF LIFE FOR HEART FAILURE PATIENTS BY HELPING THEM FOCUS ON THE MOST IMPORTANT ASPECTS OF MANAGING THEIR HEART FAILURE AT HOME. PATIENTS ARE TAUGHT SYMPTOM AND MEDICATION MANAGEMENT AND ARE ASSIGNED HOME HEALTH CARE NURSES TO HELP WITH MEDICATIONS, DIET, DISEASE MANAGEMENT AND ASSISTING WITH LIFESTYLE CHANGES.(5) BREATHE EASY PROGRAM, ALLOWS PATIENTS WHO SUFFER FROM CHRONIC OBSTRUCTIVE PULMONARY DISEASE (COPD) TO BETTER MANAGE THEIR CONDITION AT HOME, IMPROVING THEIR OVERALL QUALITY OF LIFE.(6) TELEMONITORING, AN ADVANCED SYSTEM AVAILABLE TO REMOTELY MONITOR VITAL INFORMATION, SUCH AS BLOOD PRESSURE, HEART RATE, WEIGHT AND BLOOD OXYGEN LEVELS FOR CARDIAC PATIENTS OR ANY PATIENTS WHO NEED ADDITIONAL SUPERVISION. RESULTS ARE AUTOMATICALLY TRANSMITTED TO A HOMECARE NURSE WHO WILL PERFORM TRIAGE TO DETERMINE AN APPROPRIATE PLAN OF ACTION.IN FISCAL YEAR 2022, THERE WERE 3,042 HOME CARE ADMISSIONS AND 56,384 HOME CARE VISITS WERE PERFORMED. IN FISCAL YEAR 2022, $2,190,774 IN CARES ACT STIMULUS REVENUE WAS RECOGNIZED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael B Laign Board Member, President/ceo | OfficerTrustee | 1.7 | $24,031 |
Carl Rosenbaum MD Board Member | Trustee | 1.3 | $10,142 |
Donald F Friel Board Member, Asst Treasurer | OfficerTrustee | 1.7 | $12,708 |
Michele Urofsky Chairman | OfficerTrustee | 0.5 | $0 |
Michael Keen Asst Treasurer/cfo | Officer | 0.01 | $10,768 |
Alan Rosenberg Exec VP | Officer | 3.8 | $27,949 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,190,774 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,196,314 |
| Total Program Service Revenue | $11,882,007 |
| Investment income | $1,223 |
| 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 | $14,080,208 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $179,812 |
| Compensation of current officers, directors, key employees. | $139,065 |
| Compensation to disqualified persons | $192 |
| Other salaries and wages | $5,720,488 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $197,734 |
| Payroll taxes | $363,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,131 |
| Advertising and promotion | $0 |
| Office expenses | $69,014 |
| Information technology | $180,972 |
| Royalties | $0 |
| Occupancy | $105,908 |
| Travel | $159,535 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $968 |
| Interest | $0 |
| Payments to affiliates | $4,114,648 |
| Depreciation, depletion, and amortization | $40,454 |
| Insurance | $300,194 |
| All other expenses | $1,970 |
| Total functional expenses | $11,826,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,927,304 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $166,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $326,397,945 |
| Total assets | $328,491,794 |
| Accounts payable and accrued expenses | $865,082 |
| Grants payable | $0 |
| Deferred revenue | $268,898 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $327,604,631 |
| Total liabilities | $328,738,611 |
| Net assets without donor restrictions | -$267,902 |
| Net assets with donor restrictions | $21,085 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $328,491,794 |