Hospice Of The Valley
- Assets
- $14.1m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 89
- Location
- Youngstown, OH
- Founding
- 03/1946
- Data as of
- 12/2023
- EIN
- 34-1288745
Organization Overview
Hospice Of The Valley is located in Youngstown, OH. The organization was established in 1946. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2023, Hospice Of The Valley employed 89 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hospice Of The Valley 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 12/2023, Hospice Of The Valley generated $12.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $13.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOSPICE OF THE VALLEY PROVIDES COMPREHENSIVE AND COMPASSIONATE END-OF-LIFE CARE FOR THE TERMINALLY ILL AS WELL AS SUPPORT SERVICES TO THE FAMILY. HOSPICE OF THE VALLEY WORKS TO INCREASE COMMUNITY AWARENESS OF DEATH AND GRIEF AS A NATURAL PART OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPICE OF THE VALLEY HELPS PEOPLE WITH TERMINAL ILLNESSES WITH A TEAM OF DEDICATED NURSES, SOCIAL WORKERS, PERSONAL CARE AIDES, GRIEF COUNSELORS, CHAPLAINS AND TRAINED VOLUNTEERS WHO PROVIDE QUALITY CARE TO ADDRESS THE PATIENT'S AND FAMILY'S PHYSICAL, EMOTIONAL AND SPIRITUAL NEEDS. THESE SERVICES ARE PROVIDED IN THEIR HOMES, IN THE HOSPITAL OR AT HOSPICE HOUSE, AN INPATIENT FACILITY. HOSPICE OF THE VALLEY ALSO PROVIDES FREE OF CHARGE EXTENSIVE BEREAVEMENT SERVICES TO THE COMMUNITY TO HELP PEOPLE WHOSE LOVED ONE HAS DIED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairperson | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member, COO - Youngstown And Lorain | OfficerTrustee | 1 | $0 |
Name Not Listed President And Executive Director | OfficerTrustee | 40 | $0 |
Name Not Listed Treasurer, Assistant CFO | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $738,606 |
| Government grants | $342,617 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,048 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,086,271 |
| Total Program Service Revenue | $11,291,430 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $115,162 |
| Net Income from Fundraising Events | $103,296 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,599,835 |
| 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 | $5,774,364 |
| Pension plan accruals and contributions | $222,012 |
| Other employee benefits | $938,880 |
| Payroll taxes | $427,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,153 |
| 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 | $2,116,250 |
| Advertising and promotion | $988 |
| Office expenses | $63,658 |
| Information technology | $11,194 |
| Royalties | $0 |
| Occupancy | $279,189 |
| Travel | $207,355 |
| 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 | $245,106 |
| Insurance | $0 |
| All other expenses | $40,382 |
| Total functional expenses | $13,547,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $850 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,944,186 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,264,266 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,915,745 |
| Total assets | $14,125,047 |
| Accounts payable and accrued expenses | $2,475,041 |
| 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 | $0 |
| Total liabilities | $2,475,041 |
| Net assets without donor restrictions | $3,717,655 |
| Net assets with donor restrictions | $7,932,351 |
| 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 | $14,125,047 |