Our Lady Of Victory Renaissance Corporation
- Assets
- $12.8m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 03/1946
- Data as of
- 12/2020
- EIN
- 20-0167745
Organization Overview
Our Lady Of Victory Renaissance Corporation is located in Buffalo, NY. The organization was established in 1946. According to its NTEE Classification (G94) the organization is classified as: Geriatrics, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Our Lady Of Victory Renaissance Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Our Lady Of Victory Renaissance Corporation generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $4.4m during the year ending 12/2020. While expenses have increased by 1.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
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 2021 COMMUNITY SERVICE PLAN CAN BE FOUND AT HTTPS://WWW.CHSBUFFALO.ORG/ABOUT-US/COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Gleason President & CEO Hcbc | OfficerTrustee | 1 | $0 |
Mark Sullivan President & CEO | OfficerTrustee | 1 | $0 |
Rebecca Mccormick Boyle Chief Integration Officer | Officer | 1 | $0 |
Bartholomew Rodrigues Chief Mission Officer | Officer | 1 | $0 |
David Macholz Chief Finance Officer | Officer | 1 | $0 |
Dr Michael Galang Senior Vp, Chief Informati | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mdc Solutions Inc Consulting Services | 12/30/21 | $293,074 |
Ir Mueller Corp Security Services | 12/30/21 | $298,660 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,671,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $296,324 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $78,040 |
| Payroll taxes | $22,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,526 |
| Advertising and promotion | $0 |
| Office expenses | $4,027 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $409,590 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,439,431 |
| Insurance | $71,700 |
| All other expenses | $0 |
| Total functional expenses | $4,379,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,748 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,356 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $226,840 |
| Prepaid expenses and deferred charges | $14,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $725,389 |
| Total assets | $12,786,574 |
| Accounts payable and accrued expenses | $1,473,191 |
| Grants payable | $0 |
| Deferred revenue | $6,992 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,305,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,818,253 |
| Total liabilities | $10,603,436 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,183,138 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Our Lady Of Victory Renaissance Corporation has recieved totaling $12,398.
| Awarding Organization | Amount |
|---|---|
Catholic Health System Continuing Care Foundation Buffalo, NY PURPOSE: HOME CARE PROVIDER | $12,398 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Carmelite System Inc Germantown, NY | $17,222,585 | $9,589,225 |
The American Geriatrics Society Inc New York, NY | $10,794,639 | $6,464,305 |
Our Lady Of Victory Renaissance Corporation Buffalo, NY | $12,786,574 | $5,671,961 |
Ryerss Farm For Aged Equines Pottstown, PA | $12,053,554 | $2,161,361 |
Association For The Relief Of Aged Women Of New Bedford New Bedford, MA | $21,657,616 | $2,022,067 |
Leadingage Connecticut Inc Wallingford, CT | $1,294,076 | $1,003,019 |
Johanette Wallerstein Institute Inc Philadelphia, PA | $11,285,086 | $1,240,587 |
Association On Aging In New York Albany, NY | $292,722 | $689,758 |
New York Memory Center Inc Brooklyn, NY | $242,536 | $602,792 |
Avila Institute Of Gerontology Inc Germantown, NY | $429,382 | $540,136 |
Jgs Lifecare Corporation Longmeadow, MA | $6,233,942 | -$57,278 |
Louis F Payn Foundation For Aged People Chatham, NY | $203,161 | $289,937 |