Light Of Hearts Villa Inc
- Assets
- $7.5m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 107
- Location
- Bedford, OH
- Founding
- 04/1990
- Data as of
- 12/2022
- EIN
- 34-1619270
Organization Overview
Light Of Hearts Villa Inc is located in Bedford, OH. The organization was established in 1990. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Light Of Hearts Villa Inc employed 107 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Light Of Hearts Villa 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 12/2022, Light Of Hearts Villa Inc generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2022. 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
PROVIDING INTEGRATED RESIDENTIAL AND COMMUNITY SERVICES AND PROGRAMS TO MEET THE NEED OF SENIORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIGHT OF HEARTS VILLA (THE VILLA) IS A RETIREMENT COMMUNITY PROVIDING ASSISTED LIVING AND MEMORY CARE SERVICES IN BEDFORD OHIO. IN 2022 THE VILLA PROVIDED 23,312 ASSISTED LIVING CARE DAYS. THE VILLA ALSO PROVIDES A VARIETY OF FOOD AND SOCIAL SERVICES TO THOSE IN THE SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Rogers Director | Trustee | 1 | $0 |
Breanne Cavileer Executive Director | Officer | 40 | $0 |
Dr Victor Demarco Director | Trustee | 1 | $0 |
Sr Regina Fierman Csa Director | Trustee | 1 | $0 |
Adam Gockowski Treasurer (5/12/2022 - 12/31/2022) | OfficerTrustee | 1 | $0 |
Judy Kreye Director (12-22-2022) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,965 |
| Related organizations | $10,000 |
| Government grants | $54,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,922 |
| Total Program Service Revenue | $3,175,216 |
| Investment income | $27,158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $98,585 |
| Net Income from Fundraising Events | $25,505 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,703,386 |
| 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. | $104,550 |
| Compensation of current officers, directors, key employees. | $52,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,399,091 |
| Pension plan accruals and contributions | $77,920 |
| Other employee benefits | $450,119 |
| Payroll taxes | $167,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,707 |
| Fees for services: Other | $15,944 |
| Advertising and promotion | $33,689 |
| Office expenses | $413,686 |
| Information technology | $20,325 |
| Royalties | $0 |
| Occupancy | $330,306 |
| Travel | $3,129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,767 |
| Interest | $9,047 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $486,309 |
| Insurance | $88,901 |
| All other expenses | $0 |
| Total functional expenses | $4,876,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $224,310 |
| Pledges and grants receivable | $5,322 |
| Accounts receivable, net | $509,916 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,554 |
| Prepaid expenses and deferred charges | $8,755 |
| Net Land, buildings, and equipment | $5,141,658 |
| Investments—publicly traded securities | $1,630,529 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,549,044 |
| Accounts payable and accrued expenses | $777,404 |
| Grants payable | $0 |
| Deferred revenue | $42,874 |
| 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 | $280,515 |
| Other liabilities | $0 |
| Total liabilities | $1,100,793 |
| Net assets without donor restrictions | $6,052,886 |
| Net assets with donor restrictions | $395,365 |
| 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 | $7,549,044 |