Hospice Of The Western Reserve Inc
- Assets
- $123.0m
- Revenue
- $83.8m
- Investments
- $405.2k
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 11/1978
- Data as of
- 12/2021
- EIN
- 34-1256377
Organization Overview
Hospice Of The Western Reserve Inc is located in Cleveland, OH. The organization was established in 1978. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospice Of The Western Reserve Inc 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 12/2021, Hospice Of The Western Reserve Inc generated $83.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $75.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE PALLIATIVE END OF LIFE CARE, CAREGIVER SUPPORT, AND BEREAVEMENT SERVICES THROUGHOUT NORTHERN OHIO. WE STRIVE TO RELIEVE SUFFERING & ENHANCE COMFORT IN END OF LIFE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPICE CARE SERVICES ARE ABOUT PROVIDING PEOPLE (ADULTS AND CHILDREN) WITH A LIFE-LIMITING ILLNESS, AND THEIR FAMILIES WITH CHOICES AND DIGNITY. CARE IS PROVIDED WHEREVER THE PATIENTS LIVE; IN THEIR HOME, IN A HOSPITAL, ASSISTED LIVING/LONG-TERM CARE FACILITY OR AT TWO HOSPICE HOUSE RESIDENTIAL FACILITIES. IN 2021, HOSPICE OF WESTERN RESERVE PROVIDED 313,627 PATIENT DAYS. CARE IS PROVIDED BY A TEAM OF PAID STAFF AND VOLUNTEERS WHO ARE AVAILABLE 24-HOURS A-DAY, SEVEN DAYS A WEEK. ADDITIONALLY, BEREAVEMENT SERVICES ARE PROVIDED FOR FAMILIES FOR MORE THAN A YEAR FOLLOWING THE LOSS OF A LOVED ONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Herzberger Chair | OfficerTrustee | 2 | $0 |
Michael Baach Vice Chair | OfficerTrustee | 2 | $0 |
Laura Navin Secretary | OfficerTrustee | 2 | $0 |
Mark Ross Treasurer | OfficerTrustee | 2 | $0 |
Jeffrey Kovacs Chief Financial Officer | Officer | 3 | $0 |
Julia A Bartel Chief Clinical Officer | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Transimpact Llc It Consulting | 12/30/21 | $361,038 |
Ron James Dba Rj3 Security Consul On-site Security | 12/30/21 | $143,775 |
Park Place Technologies Llc It & Staffing Svcs | 12/30/21 | $137,989 |
Schill Grounds Management Llc Landscaping/snowplow | 12/30/21 | $115,621 |
Involta Data Connections | 12/30/21 | $102,684 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $103,335 |
| Membership dues | $0 |
| Fundraising events | $124,324 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,680,375 |
| Noncash contributions included in lines 1a–1f | $99,816 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,908,034 |
| Total Program Service Revenue | $72,783,776 |
| Investment income | $1,001,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,106,664 |
| Net Income from Fundraising Events | $93,260 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,830,185 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,358,589 |
| Pension plan accruals and contributions | $380,879 |
| Other employee benefits | $6,829,627 |
| Payroll taxes | $2,399,425 |
| Fees for services: Management | $9,242,336 |
| Fees for services: Legal | $10,298 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,378,058 |
| Advertising and promotion | $961 |
| Office expenses | $1,174,853 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,181,541 |
| Travel | $213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,431 |
| Interest | $523,921 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,768,299 |
| Insurance | $247,879 |
| All other expenses | $1,168,791 |
| Total functional expenses | $75,789,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,101,533 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,031,149 |
| Accounts receivable, net | $17,434,064 |
| 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 | $584,566 |
| Net Land, buildings, and equipment | $36,856,055 |
| Investments—publicly traded securities | $57,180,664 |
| Investments—other securities | $405,171 |
| Investments—program-related | $0 |
| Intangible assets | $364,417 |
| Other assets | $0 |
| Total assets | $122,957,619 |
| Accounts payable and accrued expenses | $7,399,491 |
| Grants payable | $0 |
| Deferred revenue | $20,910 |
| Tax-exempt bond liabilities | $20,926,250 |
| 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 | $1,171,251 |
| Total liabilities | $29,517,902 |
| Net assets without donor restrictions | $87,489,466 |
| Net assets with donor restrictions | $5,950,251 |
| 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 | $122,957,619 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hospice Of The Western Reserve Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Edwin D Northrup Ii Fund Ins Trust Pittsburgh, PA PURPOSE: CREATIVE EXPRESSION PROGRAM | $15,000 |
Sears-Swetland Family Foundation Bratenahl, OH PURPOSE: SOCIAL SERVICES | $5,000 |
Endowment Analysis
| Beg. Balance | $2,558,701 |
| Earnings | $294,566 |
| Admin Expense | $6,574 |
| Net Contributions | $125,516 |
| Other Expense | $37,625 |
| Ending Balance | $2,934,584 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hospice Of Dayton Inc Dayton, OH | $116,257,424 | $74,620,486 |
Hospice Of The Bluegrass Inc Lexington, KY | $131,109,074 | $82,828,416 |
Hospice Of The Western Reserve Inc Cleveland, OH | $122,957,619 | $83,830,185 |
Hosparus Inc Louisville, KY | $92,813,151 | $85,297,636 |
Hospice Of Michigan Inc Ann Arbor, MI | $47,973,819 | $70,125,455 |
Hospice Of Cincinnati Incorporated Cincinnati, OH | $91,944,183 | $69,294,090 |
Hospice & Community Care Lancaster, PA | $68,034,775 | $44,243,514 |
Hospice Care Of Southwest Michigan Kalamazoo, MI | $74,966,417 | $46,603,506 |
Wissahickon Hospice Of Uphs Bala Cynwyd, PA | $7,765,486 | $33,958,744 |
Visiting Nurse Association Of Saint Lukes-Home Health-Hospice Inc Allentown, PA | $23,513,920 | $38,716,311 |
Hospice Of Northwest Ohio Perrysburg, OH | $48,749,413 | $42,435,060 |
Hospice Of The Emerald Coast Inc Louisville, KY | $50,374,918 | $44,119,293 |