Village Of St Edward At Wadsworth
- Assets
- $28.0m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 140
- Location
- Fairlawn, OH
- Founding
- 10/2001
- Data as of
- 12/2022
- EIN
- 34-1966045
Organization Overview
Village Of St Edward At Wadsworth is located in Fairlawn, OH. The organization was established in 2001. 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 12/2022, Village Of St Edward At Wadsworth employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Of St Edward At Wadsworth 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, Village Of St Edward At Wadsworth generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $7.8m 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
THE COMMUNITY OF THE VILLAGE OF ST. EDWARD CONTINUES THE HEALING MINISTRY OF JESUS THROUGH CARE FOR OLDER ADULTS AND THEIR FAMILIES, ALWAYS RECOGNIZING THE SACREDNESS OF LIFE AND THE DIGNITY OF EACH PERSON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VILLAGE OF ST. EDWARD AT WADSWORTH OFFERS A PEACEFUL ENVIRONMENT FOR OLDER ADULTS TO ENJOY INDEPENDENCE AND WELLNESS IN A SUPPORTIVE COMMUNITY OF MUTUAL ACCEPTANCE AND CARING. THIS CONNECTED FACILITY FEATURES DIFFERENT WINGS FOR INDEPENDENT, ASSISTED AND MEMORY CARE LIVING THAT ALL MEET AT ONE COMMON AREA - A PLACE WHERE RESIDENTS ARE ABLE TO ENJOY A COMFORTABLE ATMOSPHERE TO EAT TOGETHER AND SOCIALIZE. THE VILLAGE OF ST. EDWARD AT WADSWORTH EMPLOYS APPROXIMATELY 50 FULL-TIME EMPLOYEES EDUCATED TO PRESERVING RESIDENTS' SAFETY AND HEALTH WHILE FOSTERING A SENSE OF BELONGING, THE VILLAGE OF ST. EDWARD AT WADSWORTH IS A GREAT PLACE TO BECOME PART OF OUR CARING COMMUNITY. IN 2022 THE VILLAGE OF ST. EDWARD PROVIDED 12,837 DAYS OF INDEPENDENT LIVING CARE.
THE VILLAGE OF ST. EDWARD AT WADSWORTH PROVIDES ASSISTED LIVING SERVICES FOR A LEVEL OF CARE BETWEEN SKILLED NURSING AND INDEPENDENT LIVING. IN 2022, THE VILLAGE OF ST. EDWARD AT WADSWORTH PROVIDED 10,425 DAYS OF CARE IN ASSISTED LIVING. THE VILLAGE PARTICIPATES IN THE ASSISTED LIVING WAIVER PROGRAM, A LONG-TERM CARE OPTION FOR MEDICAID RECIPIENTS, AND OFFERS AN ALTERNATIVE TO NURSING HOME PLACEMENT.
THE VILLAGE OF ST. EDWARD AT WADSWORTH PROVIDES ASSISTED LIVING MEMORY CARE SERVICES FOR A LEVEL OF CARE DESIGNED SPECIFICALLY TO CARE FOR THE AGING POPULATION AFFECTED BY DEMENTIA. IN 2022, THE VILLAGE PROVIDED 9,268 DAYS OF CARE IN MEMORY CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Stoner Director And President/ceo | OfficerTrustee | 1 | $0 |
Danielle Maur V.P. Of Operations/coo | Officer | 0 | $0 |
Brian Renkas V.P. Of Finance/cfo | Officer | 0 | $0 |
Vondea Sheaffer V.P. Of Advancement | Officer | 0 | $0 |
Aubrey Harmath Administrator | 40 | $110,224 | |
Joe Mcneil Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $258,138 |
| Government grants | $1,205,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,463,213 |
| Total Program Service Revenue | $5,554,748 |
| 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 | $7,158,767 |
| 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 | $2,402,856 |
| Pension plan accruals and contributions | $28,319 |
| Other employee benefits | $198,569 |
| Payroll taxes | $215,350 |
| Fees for services: Management | $450,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $291 |
| Fees for services: Other | $395,482 |
| Advertising and promotion | $13,260 |
| Office expenses | $9,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $237,041 |
| Travel | $1,935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,967 |
| Interest | $1,985,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,100,818 |
| Insurance | $59,732 |
| All other expenses | $96,742 |
| Total functional expenses | $7,849,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,491 |
| Savings and temporary cash investments | $197,903 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $139,832 |
| 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 | $180,461 |
| Net Land, buildings, and equipment | $26,345,721 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,128,090 |
| Total assets | $27,996,498 |
| Accounts payable and accrued expenses | $435,249 |
| 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 | $3,955,422 |
| Other liabilities | $29,597,474 |
| Total liabilities | $33,988,145 |
| Net assets without donor restrictions | -$5,991,647 |
| 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 | $27,996,498 |