The monument is in a dilapidated condition. It was built in 1888. Patronate Demetrius Ljubatovići in order to provide shelter and medical treatment to the elderly male and female, of all creed town of Risan. In addition to the hospital was a small church of Sv. Demetrius. Although the Foundation today almost completely destroyed, it is a memorial significance because it keeps the memory of the great national benefactor, a native of Risan, which is a monument of local importance .