Overview
What is Hrh Management Corporation?
Hrh Management Corporation is a nonprofit organization situated in Huntingdon Valley, Pennsylvania. Their primary mission is to enhance the quality of care provided by Holy Redeemer Health System (HRHS), a 501(c)(3) public charity. They achieve this mission by leasing medical offices to medical and paramedical personnel who are affiliated with HRHS's facilities. By doing so, Hrh Management Corporation aims to bring healthcare professionals closer to HRHS's patients and residents in long-term care facilities, thereby improving overall healthcare outcomes. The corporation manages real estate for these medical providers, ensuring a seamless and convenient experience for both patients and healthcare providers.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79% (Three-Star out of Four Star rating)
Hrh Management Corporation received a solid Three-Star rating from Charity Navigator, with a focus on Accountability and Finance. The organization has demonstrated effectiveness in financial management, achieving a high score across various metrics, including a perfect score in areas such as Audit and Oversight Committee and Material Diversion of Assets. This indicates transparency and a commitment to responsible financial practices.
The organization has also implemented essential policies, such as a Conflict of Interest Policy and a Whistleblower Policy, both of which received full marks. Additionally, the low liabilities to assets ratio suggests that Hrh Management Corporation is operating with a healthy financial structure. A program expense ratio of over 79% indicates that a substantial portion of its resources is directed towards its programs, highlighting its focus on fulfilling its mission.
However, while the organization showcases strengths in accountability and financial health, the overall score is derived solely from the Accountability & Finance beacon. The lack of additional beacons may suggest limited visibility into other impactful areas such as Governance or Impact, which could provide a more comprehensive view of the organization's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Hrh Management Corporation legitimate?
Hrh Management Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hrh Management Corporation 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
What is the mission statement of Hrh Management Corporation?
Hrh Management Corporation's mission is to enhance the overall quality of care for patients at Holy Redeemer Health System (HRHS) and its affiliated long-term care facilities' residents. They achieve this by leasing medical offices and ensuring that medical and paramedical personnel have their practices located in close proximity. This strategy aims to bring convenience and improved access to healthcare services for the patients, ultimately enhancing the overall quality of care they receive. The corporation provides and maintains real estate for medical providers who are on staff at HRHS's facilities, which is a 501(C)(3) public charity.
Who is the CEO of Hrh Management Corporation?
Michael B Laign is the Board Member, President/Ceo of Hrh Management Corporation. The CEO's salary of Hrh Management Corporation is $0 and their total compensation is $816,147.
What is the revenue of Hrh Management Corporation?
Hrh Management Corporation's revenue in 2022 was $3,967,674.
Who are the executives of Hrh Management Corporation and what are their salaries?
There 3 volunteers at Hrh Management Corporation.
Here are 9 key members and their salaries (Hrh Management Corporation's CEO's salary is $0 and their total compensation is $816,147):
- Compensation: $0
- Related: $795,722
- Other: $20,425
- Compensation: $0
- Related: $304,464
- Other: $69,681
- Compensation: $0
- Related: $200,368
- Other: $30,276
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $420,777
- Other: $94,137
- Compensation: $0
- Related: $356,540
- Other: $40,893
- Compensation: $0
- Related: $67,376
- Other: $2,997
- Compensation: $0
- Related: $53,270
- Other: $4,482
Where can I find the form 990 for Hrh Management Corporation?
Hrh Management Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hrh Management Corporation
Hrh Management Corporation, a nonprofit entity, is dedicated to enhancing the overall quality of care provided by Holy Redeemer Health System (HRHS). Its mission is to achieve this by strategically leasing medical offices. By having medical and paramedical personnel situated in close proximity to HRHS's facilities, the corporation aims to significantly improve the quality of care for HRHS's patients and the residents of its affiliated long-term care facilities. Hrh Management Corporation plays a crucial role in providing and maintaining real estate for medical providers who are part of HRHS's staff, thereby contributing to the betterment of healthcare services.
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Impact
October, 2024
Hrh Management Corporation significantly enhances the quality of care provided by the Holy Redeemer Health System (HRHS) by leasing and maintaining medical office facilities that are vital to healthcare delivery. By ensuring that medical and paramedical professionals operate in close proximity to HRHS facilities, Hrh Management Corporation facilitates better coordination and accessibility of healthcare services for patients.
The strategic location of these medical offices allows for efficient collaboration among healthcare providers, which is essential for delivering timely and effective treatments. This arrangement not only benefits patients receiving care but also supports affiliated long-term care facilities, enhancing the overall quality of life for residents. Ultimately, Hrh Management Corporation plays a crucial role in optimizing healthcare accessibility and ensuring a higher standard of services within the Holy Redeemer Health System and its network.
This information is meant to be a general summary of Hrh Management Corporation. 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 2022.
- Investment Income: $394,315
- Program Service Revenue: $3,573,359
- Gross Receipts: $3,967,674
Assets and Liabilities:
- Total Assets: $22,728,789
- Total Liabilities: $2,769,011
- Net Assets: $19,959,778
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAL OFFICE RENT
Revenue
$3,573,359
Organization Details
Founding Year
1980
Phone
(215) 856-1114Principal Officer
Michael B Laign
Main Address
667 WELSH RD, HUNTINGDON VALLEY, PA, 19006
NTEE Category
Code: E21 - Health
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