Overview
What is Our Lady's Residence?
Our Lady's Residence was a not-for-profit Catholic-based skilled nursing facility located in Camden, New Jersey. Its primary mission was to provide top-notch nursing care and rehabilitation services to its residents, ensuring their dignity and safety. The organization aimed to offer appropriate assistance to anyone seeking its help. Although Catholic Charities, Diocese of Camden sold the facility in 2015, they retained ownership of a convent and adjacent land nearby. Catholic Charities continues to rent the convent to the new facility owner and maintains the property. The tax ID associated with the skilled nursing facility remains active to manage any adjustments related to assets and liabilities associated with the facility, such as collecting outstanding balances and addressing record retention policies.
Official website here: www.camdendiocese.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (57%)
Our Lady's Residence has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is based solely on the Accountability & Finance beacon, which emphasizes the importance of transparency and effective financial management in nonprofit organizations. While the charity demonstrates strengths in governance, with a majority of independent board members and comprehensive policies in place, its financial ratios raise red flags.
The organization scored particularly well in areas such as board independence and conflict of interest policies, achieving full points in these categories. However, critical areas like the program expense ratio, which stands at a mere 5.19%, and a liabilities to assets ratio of 626.97% are alarming. These financial metrics suggest that the charity may not be effectively utilizing its resources towards its mission, which could impact its sustainability and service delivery.
While Our Lady's Residence has established solid governance practices, the stark financial issues highlighted by its low scores in key areas warrant further scrutiny. Stakeholders and potential donors should consider these financial challenges when evaluating the organization's overall effectiveness and its ability to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Our Lady's Residence legitimate?
Our Lady's Residence is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our Lady's Residence submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.camdendiocese.org
What is the mission statement of Our Lady's Residence?
Our Lady's Residence was established with a mission to operate as a not-for-profit, Catholic-based skilled nursing facility. Their primary aim was to provide the best nursing care and rehabilitation services to their residents, enhancing their quality of life in a dignified and safe atmosphere. The organization sought to offer appropriate assistance to all who sought their help. The mission also included a commitment to providing the best possible nursing care and rehabilitation services, striving to improve the lives of their residents with dignity and safety. The tax ID number remained active to reflect adjustments made to assets and liabilities associated with the skilled nursing facility.
Official website here: www.camdendiocese.org
Who is the CEO of Our Lady's Residence?
Robert Waite is the Secretary of Our Lady's Residence.
Official website here: www.camdendiocese.org
What is the revenue of Our Lady's Residence?
Our Lady's Residence's revenue in 2020 was $0.
Official website here: www.camdendiocese.org
Who are the executives of Our Lady's Residence and what are their salaries?
There 3 volunteers at Our Lady's Residence.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $123,661
- Other: $25,314
- Compensation: $0
- Related: $152,933
- Other: $33,463
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.camdendiocese.org
Where can I find the form 990 for Our Lady's Residence?
Our Lady's Residence's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.camdendiocese.org
Learn more at the official website: www.camdendiocese.org
Mission Statement of Our Lady's Residence
Our Lady's Residence, a not-for-profit Catholic-based skilled nursing facility, was established with a mission to provide the best nursing care and rehabilitation services to its residents. The primary goal was to enhance their quality of life in a dignified and safe atmosphere, offering appropriate assistance to all who sought it. The organization's mission was to provide nursing care and rehabilitation services, aiming to improve the lives of its residents in a respectful and secure environment. After the sale of the facility in December 2015, Catholic Charities, Diocese of Camden retained ownership of a convent and adjacent land, which is still associated with the facility's tax ID. The mission of Our Lady's Residence continues to be reflected in the adjustments made to the assets and liabilities associated with the skilled nursing facility through this tax ID, including collections for outstanding balances, expenditures for record retention, and resolution of any remaining issues from the facility's previous ownership.
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Impact
October, 2024
Our Lady's Residence has significantly impacted the community by providing a compassionate and holistic approach to skilled nursing and rehabilitation care. Through its commitment to enhancing the quality of life for residents, the facility has fostered a dignified and secure environment that meets the diverse needs of individuals seeking assistance.
By prioritizing exemplary nursing services within a safe atmosphere, Our Lady's Residence has not only addressed the physical health requirements of its residents but also emphasized emotional and spiritual well-being, aligning with its Catholic values. The facility's focus on personalized care enables residents to maintain their dignity while receiving the necessary support for recovery and rehabilitation.
Even after the sale of the facility in 2015, Catholic Charities, Diocese of Camden, continued to uphold the mission by retaining ownership of the convent and adjacent land, ensuring that the legacy of care and support remains integral to the community. This ongoing commitment reflects an enduring connection to the values and mission that originally guided the facility, demonstrating the sustained positive impact on the lives of those it serves in Camden, NJ.
This information is meant to be a general summary of Our Lady's Residence. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
Assets and Liabilities:
- Total Assets: $1,118,294
- Total Liabilities: $7,011,431
- Net Assets: -$5,893,137
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Organization Details
Founding Year
1966
Phone
(856) 342-4100Principal Officer
Robert Waite
Main Address
1845 HADDON AVENUE, CAMDEN, NJ, 08103
Website
www.camdendiocese.orgNTEE Category
Code: E910 - Health
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