Our Lady of Victory Renaissance Corporation

Our Lady of Victory Renaissance Corporation is a nonprofit organization operating in Buffalo, New York, as part of the Catholic Health System (CHS) in Western New York. The organization is dedicated to providing quality healthcare services in a long-term care setting.

Mission and Services

The corporation's mission aligns with the broader goals of the CHS, focusing on enhancing the health of individuals and communities through healthcare services characterized by reverence, compassion, justice, and excellence. It operates a comprehensive facility known as the Our Lady of Victory Senior Neighborhood. This facility includes:

• Low/Moderate Income Senior Apartments: Financed by Low-Income Housing Tax Credits, offering living options for seniors.
• Skilled Nursing Facility: Provides specialized care for those requiring medical support.
• Program of All-Inclusive Care for the Elderly (PACE): A comprehensive program designed to support the health needs of the elderly.

Financial Overview

As of 2023, the organization reported a total revenue of approximately $3.96 million, with expenses reaching $4.31 million. Its total assets stood at $13.3 million, while liabilities were $8.22 million[1]. Revenue primarily comes from program services, accounting for about 98.5% of total income[1].

Governance and Ratings

Our Lady of Victory Renaissance Corporation is a registered 501(c)(3) nonprofit, making donations to the organization tax-deductible[2]. While it has received a Two-Star rating from Charity Navigator, the organization has been recognized for its effective allocation of resources toward its program expenses. However, it faces challenges related to governance and transparency, such as lacking a majority of independent board members and not fully complying with transparency requirements[2].

History

Although not directly founded by it, the project's roots are tied to the history of Our Lady of Victory Hospital, which was established in 1920 by Father Nelson Baker. After becoming part of Catholic Health, the facility was renovated into the Our Lady of Victory Senior Neighborhood in 2008, offering a range of services tailored to seniors[3]. The corporation itself was formally established in 2003[2].