Holy Redeemer Hospice

Nonprofit profile at a glance

EIN
223166974
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Runnemede, NJ, USA
Phone
8569399000
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospices

Reported finances

Revenue
$1,718,394
Expenses
$1,983,209
Assets
$1,262,936
Liabilities
$1,372,455

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

Leadership & pay

13 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, ASST TREASUR): $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

To provide genuine concern and loving care for patients with life-limiting illness. Holy redeemer hospice enables people with any life-limiting illness to remain comfortable in familiar surroundings, supported by family and friends.our staff meets both the patients' physical and emotional needs allowing them to live out their last days with dignity and comfort. The unsurpassed breadth of expertise of our interdisciplinary team allows us to provide the most advanced therapies, medications, counseling, personal services and palliative care for symptom management and pain control.

What it reported doing in 2024

Hospice seeks neither to fasten 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 156 hospice admissions and 8,241 hospice days in fiscal year 2025.

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 95% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 60
  • Accountability: 81
  • Sustainability: 16
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75%; rating input score 75
  • Program expense ratio: 65%; rating input score 65
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 66.7%; rating input score 67; 14th 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: -15.4%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 0.64; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 1.09; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 21.5%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: -12.6% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -12.8% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 4.9% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 75% of revenue deployed · 65% of spending went to programs
  • Governance: 2 of 3 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.3M in reported program spending
  • Leadership: top reported pay $867K · 13 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 25 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: 44 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.
  • High — Sustainability: Operating margin scored 12/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.