Holy Redeemer Home Care Inc

Nonprofit profile at a glance

EIN
210634582
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Runnemede, NJ, USA
Phone
8569399000
Rating
57
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$11,013,280
Expenses
$10,438,081
Assets
$11,867,725
Liabilities
$8,777,751

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

Leadership & pay

14 people listed

Executive titles in this filing

  • MICHAEL B LAIGN UNTIL 1024 (BOARD MEMBER, PRESIDENT/CEO)
  • GREGORY WOZNIAK AS OF 0724 (BOARD MEMBER, PRESIDENT/CEO)

Highest reported compensation

  • DONALD F FRIEL UNTIL 1224 (BOARD MEMBER, TREASURER): $866,655 total reported compensation
  • MICHAEL B LAIGN UNTIL 1024 (BOARD MEMBER, PRESIDENT/CEO): $798,107 total reported compensation
  • THOMAS HARRIS (SENIOR VP, GENERAL COUNSEL): $517,772 total reported compensation

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

Overview

Mission

As a catholic health system, rooted in the tradition of the sisters of the holy redeemer, we care, comfort and heal, following the example of jesus, proclaiming the hope god offers in the midst of human struggle.our professional nurses and therapists offer expert care services including wound care, pain and disease management as well as rehabilitative therapy services such as physical, occupational and speech therapies.

What it reported doing in 2024

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 2025, there were 2,850 home care admissions and 45,287 home care visits were performed.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 93% 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

MIXED - The filed numbers largely add up and most filed governance safeguards are in place. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 60
  • Accountability: 71
  • Sustainability: 45
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58%; rating input score 58
  • Program expense ratio: 61.2%; rating input score 61
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 8th 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: 5.2%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 1.14; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0.74; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 5%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: -8% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -6.6% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 58% of revenue deployed · 61.2% of spending went to programs
  • Governance: 2 of 4 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $6.4M in reported program spending
  • Leadership: top reported pay $867K · 14 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 43 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.
  • Review — Sustainability: Officer compensation ratio scored 51/100.