Our Lady of Victory Renaissance Corp

Nonprofit profile at a glance

EIN
200167745
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Buffalo, NY, USA
Phone
7168282974
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Affiliation
Christianity

Official website

Reported finances

Revenue
$4,870,960
Expenses
$4,614,726
Assets
$13,384,284
Liabilities
$7,961,794

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

Leadership & pay

29 people listed

Executive titles in this filing

  • JOYCE MARKIEWICZ (PRESIDENT & CHIEF EXECUTIVE OFFICER ADMINISTRATION)
  • RUSSELL EDWARDS (VICE PRESIDENT FINANCE CORPORATE CONTROLLER)
  • JAMES M GARVEY (EXECUTIVE VICE PRESIDENT CHIEF OPERATING OFFICER)
  • DR MICHAEL GALANG (SENIOR VICE PRESIDENT & CHIEF INFORMATION OFFICER)
  • BARTHOLOMEW RODRIGUES (EXECUTIVE VICE PRESIDENT- CHIEF MISSION AND ETHICS)
  • MARTIN BORYSZAK (SENIOR VICE PRESIDENT ACUTE CARE & PRESIDENT MERCY)

Highest reported compensation

  • JOYCE MARKIEWICZ (PRESIDENT & CHIEF EXECUTIVE OFFICER ADMINISTRATION): $1,912,200 total reported compensation
  • MARK SULLIVAN (PRESIDENT CHS - FORMER): $1,864,539 total reported compensation
  • JAMES M GARVEY (EXECUTIVE VICE PRESIDENT CHIEF OPERATING OFFICER): $1,037,889 total reported compensation

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

Overview

Mission

The mission of oul lady of victory, as part of the catholic health system (chs) in western New York, is to provide quality healthcare services in a long term care setting. Committed to a common mission, the providers of our lady of victory continue the healing ministry of jesus, seeking to improve the health of individuals and communities. We provide high quality service that has reverence, compassion, justice, and excellence. The 2024 community service plan can be found at https://www.chsbuffalo.org/about-us/community

What it reported doing in 2024

The campus includes 74 units of low/moderate income senior apartments financed by low income housing tax credits; an 84 bed skilled nursing facility ("snf") and a program of all inclusive care for the elderly ("pace"). See community service plan at www.chsbuffalo.org.

Operating model

Revenue model
Earned-program. 98% 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 93
  • Accountability: 79
  • Sustainability: 50
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93%; rating input score 93
  • Program expense ratio: 98.6%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 78.6%; rating input score 79; 14th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 5.3%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 2.9; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.59; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 11.6%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 2.3% per year; rating input score 100; 24th percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: -3.1% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 93% of revenue deployed · 98.6% of spending went to programs
  • Governance: 11 of 14 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.6M in reported program spending
  • Leadership: top reported pay $1.9M · 29 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.2M reported
  • Consistency: 21 of 21 current checks pass
  • Schedules: 7 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 16 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.

  • Review — Sustainability: Operating margin scored 51/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.