St Edward Home
- Assets
- $30.6m
- Revenue
- $22.8m
- Investments
- $0.0
- Employees
- 397
- Location
- Fairlawn, OH
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 34-0946931
Organization Overview
St Edward Home, operating under the name The Village of St Edward, is located in Fairlawn, OH. The organization was established in 1946. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Village of St Edward employed 397 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Village of St Edward 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 12/2022, Village of St Edward generated $22.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $20.1m during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE VILLAGE OF ST. EDWARD IS A SENIOR LIVING COMMUNITY OPERATING IN FAIRLAWN, OHIO WITH SPECIALIZED CARE INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, ASSISTED LIVING MEMORY CARE AND SKILLED NURSING IN A FAITH BASED ENVIRONMENT THAT IS CONSISTENT WITH CATHOLIC TRADITION AND TEACHING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING CARE SERVICES: IN PROVIDING NURSING CARE SERVICES, THE VILLAGE OF ST. EDWARD MEETS THE DIVERSE HEALTH, SOCIAL AND SPIRITUAL CARE NEEDS OF OLDER ADULTS WHO LIVE IN A STRUCTURED, PROTECTED LIVING ENVIRONMENT. SINCE ITS INCEPTION IN 1964, ST. EDWARD HAS PROVIDED THE HIGHEST LEVEL OF COMPASSIONATE CARE AND SERVICES FOR ITS RESIDENTS. THE ORGANIZATION HAS BUILT AN EXEMPLARY RECORD IN DELIVERING QUALITY CARE AND SERVICES AND OF REGULATORY COMPLIANCE. THE VILLAGE OF ST. EDWARD IS A CATHOLIC ORGANIZATION WITH HISTORICAL TIES TO THE CATHOLIC DIOCESE OF CLEVELAND. NO OTHER CATHOLIC SPONSORED ORGANIZATION IN THE AKRON AREA OFFERS THE SAME SERVICES AND PROGRAMS. THE VILLAGE OF ST. EDWARD PARTICIPATES IN BOTH THE MEDICAID AND MEDICARE PROGRAMS. DURING 2022, NURSING CARE PROVIDED 27,572 DAYS OF CARE.
MEMORY CARE SERVICES: THE VILLAGE OF ST. EDWARD PROVIDES ASSISTED LIVING MEMORY CARE SERVICES FOR A LEVEL OF CARE DESIGNED TO SPECIFICALLY TO CARE FOR THE AGING POPULATION AFFECTED BY DEMENTIA. DURING 2022, THE VILLAGE PROVIDED 9,651 DAYS OF CARE IN MEMORY CARE. THE VILLAGE PARTICIPATES IN THE ASSISTED LIVING WAIVER PROGRAM, A LONG-TERM CARE OPTION FOR MEDICAID RECIPIENTS, AND OFFERS AN ALTERNATIVE TO NURSING HOME PLACEMENT
INDEPENDENT LIVING SERVICES: THE VILLAGE OF ST. EDWARD BELIEVES IN A LONG-TERM RELATIONSHIP WITH THE OLDER ADULTS WHO RESIDE IN THEIR COMMUNITY. IN PROVIDING INDEPENDENT LIVING SERVICES, NOT ONLY DOES THE VILLAGE OF ST. EDWARD PROVIDE LIVING QUARTERS ATTENTIVE TO THE REQUIREMENTS OF AN AGED POPULATION, BUT ALSO OPPORTUNITIES FOR PERSONAL GROWTH AND ENRICHMENT. THE VILLAGE'S INDEPENDENT LIVING SERVICES IS AN AFFORDABLE LIVING OPTION FOR MANY LOW TO MIDDLE INCOME ELDERLY RESIDENTS OF THE AKRON REGION. DURING 2022, THE INDEPENDENT LIVING FACILITY PROVIDED 24,792 DAYS OF OCCUPANCY FOR HIGH-FUNCTIONING SENIOR CITIZENS.
ASSISTED LIVING SERVICES: THE VILLAGE OF ST. EDWARD PROVIDES ASSISTED LIVING SERVICES FOR A LEVEL OF CARE BETWEEN SKILLED NURSING AND INDEPENDENT LIVING. DURING 2022, THE VILLAGE PROVIDED 25,036 DAYS OF CARE IN ASSISTED LIVING. THE VILLAGE PARTICIPATES IN THE ASSISTED LIVING WAIVER PROGRAM, A LONG-TERM CARE OPTION FOR MEDICAID RECIPIENTS, AND OFFERS AN ALTERNATIVE TO NURSING HOME PLACEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Stoner Board Member And President/ceo | OfficerTrustee | 37 | $298,158 |
Danielle Maur V.P. Of Operations/coo | Officer | 40 | $191,556 |
Brian Renkas V.p Of Finance/cfo | Officer | 40 | $177,579 |
Amy Harris Administrator | Officer | 40 | $133,718 |
Vondea Sheaffer V.P. Of Advancement | Officer | 0 | $126,211 |
Ed Cyrek Director Of Information Technology | 40 | $127,147 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthpro Rehabiitation Therapy And Rehab Services | 12/30/22 | $507,984 |
Brewer-garrett Hvac Maintenance | 12/30/22 | $598,014 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $121,635 |
| Government grants | $4,063,577 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,185,212 |
| Total Program Service Revenue | $17,363,417 |
| Investment income | $78,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,881 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $196,285 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,778,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,017,880 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,576,851 |
| Pension plan accruals and contributions | $147,259 |
| Other employee benefits | $874,518 |
| Payroll taxes | $774,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,673 |
| Fees for services: Accounting | $53,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,040 |
| Fees for services: Other | $823,756 |
| Advertising and promotion | $640,133 |
| Office expenses | $29,595 |
| Information technology | $349,293 |
| Royalties | $0 |
| Occupancy | $503,290 |
| Travel | $21,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,843 |
| Interest | $477,863 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,166,869 |
| Insurance | $207,606 |
| All other expenses | $1,795,466 |
| Total functional expenses | $20,055,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,700 |
| Savings and temporary cash investments | $1,896,096 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,053,692 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,972 |
| Prepaid expenses and deferred charges | $204,312 |
| Net Land, buildings, and equipment | $16,688,496 |
| Investments—publicly traded securities | $6,213,465 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,489,844 |
| Total assets | $30,585,577 |
| Accounts payable and accrued expenses | $2,976,815 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $17,891,855 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,868,670 |
| Net assets without donor restrictions | $9,715,681 |
| Net assets with donor restrictions | $1,226 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,585,577 |