Light Of Hearts Villa Inc
- Assets
- $9.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 94
- Location
- Bedford, OH
- Founding
- 04/1990
- Data as of
- 12/2021
- 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 12/2021, Light Of Hearts Villa Inc employed 94 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 12/2021, Light Of Hearts Villa Inc generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. 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
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 2021 THE VILLA PROVIDED 20,644 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 |
|---|---|---|---|
Bruce Swartz Board President | OfficerTrustee | 1 | $0 |
Mike Wisnor Vice Chair | OfficerTrustee | 1 | $0 |
Robert Smolko Treasurer | OfficerTrustee | 1 | $0 |
Sr Anita Maroun Secretary | OfficerTrustee | 1 | $0 |
Breanne Cavileer Executive Director | Officer | 40 | $0 |
Melissa Rogers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,541 |
| Related organizations | $10,000 |
| Government grants | $436,504 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $759,183 |
| Total Program Service Revenue | $2,778,878 |
| Investment income | $31,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $67,413 |
| Net Income from Fundraising Events | -$6,509 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,630,164 |
| 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. | $136,095 |
| Compensation of current officers, directors, key employees. | $8,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,147,082 |
| Pension plan accruals and contributions | $92,044 |
| Other employee benefits | $506,710 |
| Payroll taxes | $159,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,008 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,386 |
| Fees for services: Other | $29,204 |
| Advertising and promotion | $39,866 |
| Office expenses | $133,140 |
| Information technology | $19,244 |
| Royalties | $0 |
| Occupancy | $364,061 |
| Travel | $561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,668 |
| Interest | $12,386 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $500,252 |
| Insurance | $37,593 |
| All other expenses | $0 |
| Total functional expenses | $4,524,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $546,601 |
| Pledges and grants receivable | $8,050 |
| Accounts receivable, net | $272,581 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,120 |
| Prepaid expenses and deferred charges | $8,621 |
| Net Land, buildings, and equipment | $5,431,834 |
| Investments—publicly traded securities | $2,850,613 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,144,420 |
| Accounts payable and accrued expenses | $642,885 |
| Grants payable | $0 |
| Deferred revenue | $50,037 |
| 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 | $415,468 |
| Other liabilities | $0 |
| Total liabilities | $1,108,390 |
| Net assets without donor restrictions | $7,577,555 |
| Net assets with donor restrictions | $458,475 |
| 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 | $9,144,420 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Light Of Hearts Villa Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Swagelok Foundation Solon, OH PURPOSE: TO FURTHER THE ORGANIZATION'S TAX EXEMPT PURPOSE | $2,000 |
Endowment Analysis
| Beg. Balance | $548,767 |
| Earnings | $42,063 |
| Ending Balance | $590,830 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Light Of Hearts Villa Inc Bedford, OH | $9,144,420 | $3,630,164 |
Sacred Heart Villa Assisted Living Community Reading, PA | $2,656 | $2,071,500 |
Adult Congenital Heart Association Inc Media, PA | $1,775,522 | $2,125,476 |
Cardiovascular Institute Philadelphia, PA | $711,582 | $487,550 |
Sacred Heart Community Corporation Lyndhurst, OH | $894,461 | $513,336 |
Military Order Of The Purple Heart Service And Rehabilitation Office Detroit, MI | $86,761 | $400,813 |
Heart Of The Hills Swim Club Inc Rochester, MI | $717,125 | $372,177 |
Hearts & Hands Of Indiana Corporation Indianapolis, IN | $0 | $200,119 |
Vascular Access Society Of The Americas Inc Frankfort, KY | $250,997 | $370,099 |
Heartland Ministries Inc Hardin, KY | $438,233 | $323,981 |
Childrens Heart Association Cincinnati, OH | $9,118,740 | $307,793 |
Chip Miller Charitable Foundation Carlisle, PA | $410,455 | $253,878 |