Holy Family Senior Living

Nonprofit profile at a glance

EIN
231610270
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Bethlehem, PA, USA
Phone
6108656245
Rating
83
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$17,228,607
Expenses
$19,950,082
Assets
$6,889,526
Liabilities
$5,509,504

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • Joseph A Shadid (Chief Executive Officer)

Highest reported compensation

  • Joseph A Shadid (Chief Executive Officer): $195,927 total reported compensation
  • Michael Heneghan (CFO (till 09/06/2024)): $120,655 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hsfl, a ministry of the diocese of allentown, pa, provides quality physical, emotional, social, and spiritual care with respect, dignity and compassion to meet the needs of older adults we serve.

What it reported doing in 2024

Holy family senior living (hfsl) offers a range of elder care services to individuals in need located primarily in lehigh, schuylkill, berks, carbon and northampton counties of Pennsylvania. Holy family manor (a division of hfsl) provided skilled nursing care to an average of 112 residents for the 12 months ended december 31, 2024. Approximately 62% of the residents were low income and were subsidized by pa medical assistance. Holy family residential services (a division of hfsl provided personal care services to an average of 14 residents during the 12 months ended december 31, 2024. Catholic senior housing and development provided management and accounting services to eight related non-profit low-income independent living projectings housing 280 elderly residents (275 occupied at 12/27/24)

Operating model

Revenue model
Earned-program. 96% 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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 88
  • Accountability: 100
  • Sustainability: 17
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.8%; rating input score 99
  • Program expense ratio: 85.3%; rating input score 85
  • Fundraising efficiency: $21.73 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.5%; rating input score 100; 34th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -15.8%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.35; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0.8; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 1.6%; rating input score 80; 80th percentile among comparable filings

Growth

  • Program expense growth: -2.4% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -1.9% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -5% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 98.8% of revenue deployed · 85.3% of spending went to programs
  • Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $17M in reported program spending
  • Leadership: top reported pay $196K · 14 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $5.7M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 10 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • 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.

  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 59/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.