Assumption Village
- Assets
- $8.9m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 24
- Location
- North Lima, OH
- Founding
- 03/1946
- Data as of
- 12/2020
- EIN
- 34-1013695
Organization Overview
Assumption Village is located in North Lima, OH. The organization was established in 1946. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2020, Assumption Village employed 24 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Assumption Village 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, Assumption Village generated $14.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $17.0m during the year ending 12/2020. While expenses have increased by 2.7% 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 ASSUMPTION VILLAGE OFFERS BOTH ASSISTED LIVING AND LONG-TERM NURSING CARE FOR PATIENTS IN A COMFORTABLE AND WARM ATMOSPHERE. IT IS MEDICARE AND MEDICAID APPROVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSUMPTION VILLAGE IS A LONG-TERM CARE FACILITY OFFERING MULTI-LEVEL SERVICES, INCLUDING INTERMEDIATE CARE, SKILLED NURSING CARE, ASSISTED LIVING, AND AN ALZHEIMER'S/DEMENTIA SPECIAL CARE UNIT. THE ASSUMPTION VILLAGE PARTICIPATES IN THE MEDICARE AND MEDICAID PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former SVP And CFO - Youngstown | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $29,282 |
| Government grants | $1,245,246 |
| 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 | $1,274,528 |
| Total Program Service Revenue | $13,092,426 |
| 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 | $14,570,063 |
| 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. | $152,951 |
| Compensation of current officers, directors, key employees. | $22,943 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,917,629 |
| Pension plan accruals and contributions | $293,271 |
| Other employee benefits | $2,027,633 |
| Payroll taxes | $490,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,928 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,291 |
| Fees for services: Other | $3,626,856 |
| Advertising and promotion | $0 |
| Office expenses | $369,298 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $484,416 |
| Travel | $26,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $692,782 |
| Insurance | $0 |
| All other expenses | $29,627 |
| Total functional expenses | $16,979,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,526 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $880,407 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $180 |
| Net Land, buildings, and equipment | $7,960,935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,870,048 |
| Accounts payable and accrued expenses | $2,472,606 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,323,792 |
| Total liabilities | $6,796,398 |
| Net assets without donor restrictions | $2,073,650 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,870,048 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Assumption Village has recieved totaling $5,753.
| Awarding Organization | Amount |
|---|---|
Bon Secours Mercy Health Foundation Cincinnati, OH PURPOSE: MISSION SUPPORT | $5,753 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madlyn And Leonard Abramson Center For Jewish Life Blue Bell, PA | $70,280,035 | $47,324,338 |
The Northeast Health Group Inc Bala Cynwyd, PA | $20,717,577 | $41,701,178 |
Phoebe Home Inc Allentown, PA | $44,042,871 | $37,033,122 |
Millcreek Manor Erie, PA | $107,194,007 | $36,700,252 |
Home For The Friendless Harrisburg, PA | $50,316,591 | $35,247,733 |
Lutheran Homes Of Michigan Inc Saginaw, MI | $57,940,344 | $38,263,375 |
Fairmount Long Term Care Philadelphia, PA | $13,717,481 | $34,473,122 |
Allied Services Skilled Nursing Center Clarks Summit, PA | $17,154,178 | $31,268,892 |
The Montefiore Home Beachwood, OH | $34,596,808 | $25,002,473 |
Saint Joseph Villa Flourtown, PA | $35,079,497 | $32,242,876 |
Presbyterian Homes In The Presbytery Of Lake Erie Erie, PA | $35,345,781 | $32,251,648 |
Jennings Center For Older Adults Garfield Heights, OH | $56,940,447 | $33,313,522 |