Holy Redeemer Hospice Inc
- Assets
- $55.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 32
- Location
- Runnemede, NJ
- Founding
- 03/1999
- Data as of
- 06/2022
- EIN
- 22-3166974
Organization Overview
Holy Redeemer Hospice Inc is located in Runnemede, NJ. The organization was established in 1999. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 06/2022, Holy Redeemer Hospice Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holy Redeemer Hospice Inc 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 Hospice Inc generated $2.8m 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 (9.5%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.6%) 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
PROVIDE SKILLED & COMPASSIONATE CARE & SUPPORT TO INDIVIDUALS WITH LIFE-LIMITING ILLNESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPICE SEEKS NEITHER TO HASTEN NOR POSTPONE DEATH. PAIN RELIEF AND SYMPTOM CONTROL ARE APPROPRIATE CLINICAL GOALS. PSYCHOLOGICAL AND SPIRITUAL PAINS ARE AS SIGNIFICANT AS PHYSICAL PAIN. ADDRESSING ALL THREE REQUIRES THE SKILLS OF AN INTERDISCIPLINARY TEAM. THE HOLY REDEEMER HOSPICE TEAM IS GUIDED BY THE NEEDS AND WISHES OF THE PATIENT AND FAMILY AND INCLUDES THEM AS IMPORTANT MEMBERS OF THE CARE TEAM. THE INTEGRATED, MULTI-DISCIPLINARY GROUP INCLUDES: PATIENT AND FAMILY, PATIENT'S PERSONAL PHYSICIAN, HOSPICE MEDICAL DIRECTOR, SPECIALLY TRAINED NURSES, MEDICAL SOCIAL WORKERS, PASTORAL COUNSELORS, HOME HEALTH AIDES, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, COMPLEMENTARY THERAPISTS, VOLUNTEERS, AND BEREAVEMENT COUNSELORS AVAILABLE TO ASSIST WITH THE GRIEVING PROCESS.A COMPLEMENTARY (OR ALTERNATIVE) THERAPY PROGRAM OFFERS HOLISTIC SOLUTIONS FOR PATIENTS AND FAMILIES. HOLY REDEEMER ALSO OFFERS PALLIATIVE CARE SERVICES WHICH AIM TO PROVIDE COMFORT AND IMPROVE QUALITY OF LIFE AT ANY TIME DURING THE COURSE OF A SERIOUS ADVANCED ILLNESS, OFTEN AT THE SAME TIME AS A CURATIVE OR LIFE PROLONGING TREATMENTS. THE SUPPORT AND EDUCATION PROVIDED BY THE PALLIATIVE CARE TEAM ALSO PROVIDES MUCH NEEDED BENEFITS FOR FAMILY MEMBERS AND CAREGIVERS AND ASSISTS THE PATIENT AND FAMILY TO BETTER UNDERSTAND AND COPE WITH THE ILLNESS, AND IN MAKING CHOICES FOR CARE. THERE WERE 198 HOSPICE ADMISSIONS AND 12,153 HOSPICE DAYS IN FISCAL YEAR 2022. IN FISCAL YEAR 2022 THERE WAS ALSO $450,014 IN CARES ACT STIMULUS REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael B Laign Board Member, President/ceo | OfficerTrustee | 0.7 | $4,456 |
Carl Rosenbaum MD Board Member | Trustee | 1.3 | $10,142 |
Donald F Friel Board Member, Asst Treasurer | OfficerTrustee | 0.7 | $2,357 |
Michele Urofsky Chairman | OfficerTrustee | 0.5 | $0 |
Michael Keen Asst Treasurer/cfo | Officer | 0.01 | $1,997 |
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 | $450,014 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,671 |
| Total Program Service Revenue | $2,327,755 |
| Investment income | $310 |
| 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 | $2,789,736 |
| 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. | $72,496 |
| Compensation of current officers, directors, key employees. | $31,749 |
| Compensation to disqualified persons | $35 |
| Other salaries and wages | $1,035,191 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,187 |
| Payroll taxes | $87,141 |
| 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 | $8,366 |
| Advertising and promotion | $0 |
| Office expenses | $3,842 |
| Information technology | $59,109 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $71,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $709 |
| Interest | $0 |
| Payments to affiliates | $997,954 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $102,939 |
| All other expenses | $37 |
| Total functional expenses | $2,788,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153,067 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,312,149 |
| Total assets | $55,465,516 |
| Accounts payable and accrued expenses | $307,396 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $56,520,784 |
| Total liabilities | $56,828,180 |
| Net assets without donor restrictions | -$1,364,846 |
| Net assets with donor restrictions | $2,182 |
| 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 | $55,465,516 |