Devon Oaks Assisted Living Corporation
- Assets
- $45.8k
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 121
- Location
- Westlake, OH
- Founding
- 10/2000
- Data as of
- 06/2022
- EIN
- 34-1927224
Organization Overview
Devon Oaks Assisted Living Corporation is located in Westlake, OH. The organization was established in 2000. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Devon Oaks Assisted Living Corporation employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Devon Oaks Assisted Living Corporation 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 06/2022, Devon Oaks Assisted Living Corporation generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $4.1m during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVON OAKS IS ELIZA JENNINGS' ASSISTED LIVING FACILITY IN WESTLAKE, OHIO. THIS COMMUNITY INCORPORATES RESIDENTIAL SERVICES, ASSISTANCE WITH DAILY LIVING, AND MEMORY SUPPORT FOR OLDER ADULTS EXPERIENCING EARLY & MID-STAGE ALZHEIMER'S AND DEMENTIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVON OAKS IS A PREMIER ELIZA JENNINGS COMMUNITY, OPERATING 54 ASSISTED LIVING UNITS AND 12 MEMORY SUPPORT UNITS, THAT SUPPORTS OLDER ADULT RESIDENTS NEEDING ASSISTANCE WITH ACTIVITIES OF DAILY LIVING AND WHO ARE EXPERIENCING MID-STAGE ALZHEIMER'S DISEASE AND RELATED DEMENTIA. THE ORGANIZATION IS FOCUSED ON MAXIMIZING THE QUALITY OF LIFE FOR RESIDENTS THROUGH A PERSON-CENTERED CARE PHILOSOPHY. THIS PHILOSOPHY HAS TRANSFORMED THE CULTURE OF OUR FACILITY AND PERCEPTION OF ELDERS' NEEDS TO AN ENVIRONMENT THAT MORE CLOSELY RESEMBLES HOME AND PROMOTES PREFERENCE AND CHOICE.DEVON OAKS OFFERS RESIDENTS AND FAMILIES PEACE OF MIND BY PROVIDING SERVICES THAT INCLUDE: LICENSED, PROFESSIONAL STAFF ON DUTY 24 HOURS A DAY; ACCESS TO A PHYSICIAN AND NURSE PRACTITIONER; MEDICATION MANAGEMENT PROVIDED BY IN-HOUSE CLINICAL STAFF; TRANSPORTATION TO HOSPITAL AND PHYSICIAN APPOINTMENTS AS WELL AS COMMUNITY EVENTS; FULL-TIME PHYSICAL THERAPIST; 24-HOUR ASSISTANCE WITH ACTIVITIES OF DAILY LIVING SUCH AS DRESSING, MEALS, MOBILITY, AND HYGIENE; MEANINGFUL ACTIVITIES THAT PROMOTE ENGAGEMENT AND SOCIALIZATION; MEMORY SUPPORT CARE; AND RESPITE CARE. DEVON OAKS OPERATES WITHIN THE ELIZA JENNINGS SENIOR CARE NETWORK, A PROVIDER OF RESIDENTIAL AND COMMUNITY-BASED AGING SERVICES WHICH INCLUDES ELIZA JENNINGS INC., OLMSTED ASSISTED LIVING CORP, OLMSTED HEALTH & SERVICES, OLMSTED RESIDENT CORP, NORTHEAST OHIO HOME CARE, OFFERING HOME AND COMMUNITY-BASED SERVICES; ACACIA PLACE ADULT DAY CENTER, AND THE FLAGSHIP COMMUNITY ELIZA JENNINGS HOME.ELIZA JENNINGS IS COMMITTED TO OFFERING COMPASSIONATE CARE AND SUPPORT TO INDIVIDUALS AND THEIR FAMILIES WHO ARE FACING ADVANCED ILLNESS AND END-OF-LIFE CARE DECISIONS. THE ELIZA JENNINGS SENIOR CARE NETWORK OFFERS HOSPICE SERVICES THOUGH NORTHEAST OHIO HOSPICE, WHICH IS GEARED TO PROVIDING CHOICES THAT SUSTAIN DIGNITY AND AUTONOMY WHILE ENHANCING COMFORT AND QUALITY OF LIFE DURING THIS DIFFICULT TIME.AS A NATIONALLY RECOGNIZED INNOVATOR AND EXPERT IN AGING SERVICES, ELIZA JENNINGS OFFERS A FULL RANGE OF MEMORY SUPPORT SERVICES AND PROGRAMMING THROUGHOUT ITS RESIDENTIAL COMMUNITIES AND ADULT DAY PROGRAM, INCLUDING DEVON OAKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard M Boyson Jr President & CEO | OfficerTrustee | 0 | $0 |
Kathleen M Shields CFO | Officer | 0 | $0 |
Jennifer Griveas VP Of Legal | Officer | 0 | $0 |
Sheryl Sereda Cao | Officer | 0 | $0 |
Michael Gray Cio | Officer | 0 | $0 |
Richard L Fletcher Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $352,066 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,630 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,696 |
| Total Program Service Revenue | $4,345,444 |
| 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 | $4,618,783 |
| 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 | $1,595,249 |
| Pension plan accruals and contributions | $3,642 |
| Other employee benefits | $102,236 |
| Payroll taxes | $168,718 |
| Fees for services: Management | $1,173,042 |
| Fees for services: Legal | $2,306 |
| 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 | $14,872 |
| Advertising and promotion | $0 |
| Office expenses | $13,754 |
| Information technology | $65 |
| Royalties | $0 |
| Occupancy | $146,700 |
| Travel | $608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,871 |
| Interest | $136,799 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $291,702 |
| Insurance | $53,608 |
| All other expenses | $9,132 |
| Total functional expenses | $4,138,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $813,117 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,414 |
| 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 | $6,326 |
| Net Land, buildings, and equipment | $3,469,672 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$4,365,729 |
| Total assets | $45,800 |
| Accounts payable and accrued expenses | $266,132 |
| Grants payable | $0 |
| Deferred revenue | $78,090 |
| 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 | -$298,999 |
| Total liabilities | $45,223 |
| Net assets without donor restrictions | $577 |
| 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 | $45,800 |