Overview
What is Bishop Mccarthy Residence?
Bishop Mccarthy Residence was a nonprofit skilled nursing facility with a Catholic foundation, located in Camden, New Jersey. Its mission was to provide exceptional nursing care and rehabilitation services to its residents, enhancing their quality of life in a dignified and safe environment. The organization aimed to offer appropriate assistance to all who sought help. Although the facility was sold in 2015, the associated tax ID remains active to account for adjustments made to assets and liabilities connected to the skilled nursing facility, including outstanding balances, record retention expenses, and resolution of any remaining issues.
Official website here: www.camdendiocese.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating.
Bishop McCarthy Residence has received a 57% rating from Charity Navigator, indicating concerns regarding its financial management and accountability. While the organization scores perfectly on several governance aspects, including having a majority independent board and strong conflict of interest and whistleblower policies, its overall performance is undermined by a low program expense ratio and liabilities to assets ratio.
The strengths of Bishop McCarthy Residence lie in its governance practices, where it has shown adherence to best practices by maintaining an independent board and ensuring proper documentation and policies are in place. However, the low scores in key financial metrics suggest that the organization may not be efficiently utilizing its resources to fulfill its mission. This raises questions about sustainability and program effectiveness.
In summary, while Bishop McCarthy Residence demonstrates good governance and transparency practices, potential donors and stakeholders should consider the financial performance indicators before supporting the organization. Improving financial management could enhance its overall rating and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Bishop Mccarthy Residence legitimate?
Bishop Mccarthy Residence is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bishop Mccarthy 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 Bishop Mccarthy Residence?
Bishop Mccarthy Residence's mission was centered around operating a not-for-profit Catholic-based skilled nursing facility. Their primary goal was to provide top-notch nursing care and rehabilitation services to their residents, enhancing their quality of life in a dignified and safe environment. They aimed to offer appropriate assistance to anyone who sought their help. Despite selling the skilled nursing facility in December 2015, Catholic Charities, Diocese of Camden, kept the tax ID active to reflect any necessary adjustments to the assets and liabilities associated with the facility. These adjustments included collections for outstanding skilled nursing home receivable balances, expenditures to comply with record retention policies, and expenditures to resolve any remaining issues from the facility's ownership period. Overall, Bishop Mccarthy Residence was committed to providing the best care possible while upholding Catholic values.
Official website here: www.camdendiocese.org
What is the revenue of Bishop Mccarthy Residence?
Bishop Mccarthy Residence's revenue in 2020 was $35.
Official website here: www.camdendiocese.org
Who are the executives of Bishop Mccarthy Residence and what are their salaries?
There 3 volunteers at Bishop Mccarthy Residence.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $123,661
- Other: $25,314
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $152,933
- Other: $33,463
Official website here: www.camdendiocese.org
Where can I find the form 990 for Bishop Mccarthy Residence?
Bishop Mccarthy 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 Bishop Mccarthy Residence
Bishop Mccarthy Residence, a Catholic-based not-for-profit organization, was established with a mission to provide the best nursing care and rehabilitation services to its residents. The primary goal was to enhance the quality of life of its residents in a dignified and safe atmosphere. The organization aimed to provide appropriate assistance to all who sought its help. Despite the sale of its skilled nursing facility on December 14, 2015, Catholic Charities, Diocese of Camden, continues to keep the tax ID active. This is done to reflect adjustments made to assets and liabilities associated with the skilled nursing facility. These adjustments include collections for outstanding skilled nursing home receivable balances, expenditures incurred to comply with record retention policies, and expenditures to resolve any other outstanding issues that remained from the time of ownership of the skilled nursing facility. In essence, Bishop Mccarthy Residence's mission was about providing top-notch nursing care and rehabilitation services with a focus on dignity and safety, and this commitment continued even after the sale of its facility.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Bishop McCarthy Residence significantly contributed to improving the lives of its residents by providing high-quality nursing care and rehabilitation services in a dignified and safe environment. The facility's commitment to enhancing the quality of life for individuals, regardless of their background, ensured that many received the appropriate support they needed during vulnerable times.
By fostering a compassionate atmosphere, the residence enabled residents to maintain their dignity while receiving the care required for their health and well-being. This commitment to service extended to all who sought assistance, reflecting a dedication to inclusivity and respect for every individual. Even after its transition from being a skilled nursing facility, the legacy of its mission and the impact on the community remain evident through ongoing efforts to manage outstanding obligations associated with that care, ensuring that the foundational values established continue to resonate in the area.
This information is meant to be a general summary of Bishop Mccarthy 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.
- Gross Receipts: $35
Assets and Liabilities:
- Total Assets: $13,368,057
- Total Liabilities: $1,217,958
- Net Assets: $12,150,099
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1975
Principal Officer
Robert Waite
Website
www.camdendiocese.orgNTEE Category
Code: E91 - Health
If you are a representative of Bishop Mccarthy Residence and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.