Overview
What is Lillian Holliday Residence Corporation?
Lillian Holliday Residence Corporation is a nonprofit organization situated in Lafayette Hill, Pennsylvania. Its primary mission is to provide housing for 15 individuals with low income and chronic mental illness. Notably, this organization stands out for its focus on older adults and offers in-house nursing services, setting it apart from other Community Residential Rehab (CRR) programs. The Lillian Holliday Residence Corporation also receives funding from the Department of Housing and Urban Development (HUD), which enables occasional site upgrades to meet the needs of its consumers. Overall, the organization's purpose is to offer a supportive living environment for individuals dealing with chronic mental illness.
Official website here: www.merakey.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, earning a Two-Star out of Four Star rating.
The Lillian Holliday Residence Corporation has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial management. The organization scored 62 in the Accountability & Finance category, which highlights issues such as a lack of independent board members and a high liabilities to assets ratio of 306.66%. While it does exhibit strong policies in areas like conflict of interest and whistleblower protections, these governance shortcomings raise questions about transparency and oversight.
Despite these challenges, the organization demonstrates a commendable program expense ratio of 89.13%, suggesting that a significant portion of its funds is directed towards its programs. However, the high salaries of key personnel, including the CEO earning over $1.1 million, may raise eyebrows among donors regarding compensation practices and prioritization of resources.
Overall, while Lillian Holliday Residence Corporation has foundational policies in place and a commitment to program spending, the lack of independent governance and significant financial liabilities warrant closer scrutiny for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lillian Holliday Residence Corporation legitimate?
Lillian Holliday Residence Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lillian Holliday Residence 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: $5,123
For more financial information, click here
Official website here: www.merakey.org
What is the mission statement of Lillian Holliday Residence Corporation?
The Lillian Holliday Residence Corporation's mission is centered around providing housing for individuals with chronic mental illness who fall under the category of very low income. This is achieved by purchasing and renovating a residential property, which subsequently serves as a home for up to 15 such individuals. The program, known as the Lillian Holliday Residence, is a Community Residential Rehab (CRR) program, specifically designed for older adults. It distinguishes itself from other CRR programs through its in-house nursing services. Furthermore, the program site receives funding from the Department of Housing and Urban Development (HUD), which allows for occasional site upgrades to better meet the needs of its consumers.
Official website here: www.merakey.org
Who is the CEO of Lillian Holliday Residence Corporation?
Joseph Martz is the President/Ceo of Lillian Holliday Residence Corporation. The CEO's salary of Lillian Holliday Residence Corporation is $0 and their total compensation is $1,132,565.
Official website here: www.merakey.org
What is the revenue of Lillian Holliday Residence Corporation?
Lillian Holliday Residence Corporation's revenue in 2022 was $90,059.
Official website here: www.merakey.org
Who are the executives of Lillian Holliday Residence Corporation and what are their salaries?
Here are 5 key members and their salaries (Lillian Holliday Residence Corporation's CEO's salary is $0 and their total compensation is $1,132,565):
- Compensation: $0
- Related: $1,092,746
- Other: $39,819
- Compensation: $0
- Related: $388,859
- Other: $29,672
- Compensation: $0
- Related: $669,146
- Other: $27,049
- Compensation: $0
- Related: $451,211
- Other: $21,226
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.merakey.org
Where can I find the form 990 for Lillian Holliday Residence Corporation?
Lillian Holliday Residence Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.merakey.org
Learn more at the official website: www.merakey.org
Mission Statement of Lillian Holliday Residence Corporation
Lillian Holliday Residence Corporation, a notable organization, is dedicated to providing housing for up to fifteen vulnerable individuals struggling with chronic mental illness. Their mission is twofold: firstly, they aim to purchase and renovate a residential property, transforming it into a safe and supportive living space for these individuals. Secondly, the corporation intends to operate this property as a Community Residential Rehab (CRR) program, catering specifically to older adults.
Set apart from other CRR programs, Lillian Holliday Residence Corporation's property is distinguished by its in-house nursing services. This unique feature ensures that the residents receive round-the-clock medical care, enhancing their overall well-being and quality of life. Furthermore, the property receives funding from the Department of Housing and Urban Development (HUD). This financial support allows for occasional site upgrades, ensuring that the facility remains adapted to the evolving needs of its residents.
In summary, Lillian Holliday Residence Corporation is an organization that is committed to making a tangible difference in the lives of individuals facing chronic mental illness. By providing a renovated residential property equipped with in-house nursing services, the corporation offers a safe and supportive living environment. Through their partnership with HUD, they can also ensure that their facility remains up-to-date, catering to the changing needs of their vulnerable residents.
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Impact
October, 2024
Lillian Holliday Residence Corporation significantly enhances the quality of life for individuals facing chronic mental illness by providing stable housing for up to 15 very low-income residents. This 15-bed community residential rehabilitation program focuses on older adults, offering tailored support to meet their unique needs.
The residence distinguishes itself through in-house nursing services, ensuring that residents receive consistent medical attention and care. By integrating these health services within a supportive living environment, Lillian Holliday Residence fosters not only physical well-being but also emotional and social stability among its residents.
Moreover, the program benefits from partial funding from the Department of Housing and Urban Development (HUD), allowing for regular site upgrades that prioritize consumer needs. This commitment to maintaining a welcoming and safe living space directly contributes to the overall rehabilitation process, facilitating a smoother transition for individuals as they navigate their mental health challenges.
As part of the broader continuum of residential programs offered by Philadelphia Behavioral Health, Lillian Holliday Residence plays a crucial role in promoting recovery and independence for adults with severe mental illness, enriching the community while championing the rights and dignity of its residents.
This information is meant to be a general summary of Lillian Holliday Residence 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: $141
- Program Service Revenue: $89,918
- Gross Receipts: $90,059
Assets and Liabilities:
- Total Assets: $153,567
- Total Liabilities: $607,432
- Net Assets: -$453,865
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVERNMENT
Revenue
$64,221
RENTAL INCOME
Revenue
$25,697
Organization Details
Founding Year
1993
Phone
(610) 260-4600Principal Officer
Joseph Martz
Main Address
620 E GERMANTOWN PIKE, LAFAYETTE HILL, PA, 19444
Website
www.merakey.orgNTEE Category
Code: L210 - Housing
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