The ruling hierarch is Bishop John Michael Botean; the current Abbot of the monastery is Hierodeacon Moses (Wright).

It was founded in 1995 with the blessing of Bishop George Kuzma of the Ruthenian Catholic Eparchy of Van Nuys.

The monastery was transferred to the Romanian Catholic Church in 2005 at the monks' request and with the consent of the Holy See.

Around the same time Bishop John Michael blessed the canonical establishment of Holy Theophany Monastery as a monastic community of nuns.

These communities are committed to a revival of traditional Eastern Christian monastic life within the Catholic Church.