ST EDWARD HOME

EIN: 340946931 501(c)(3) Human Services

Fairlawn, OH

Total Revenue
$20,678,412
Total Expenses
$20,605,357
Total Assets
$30,708,381
Net Assets
$10,555,117
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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
OH
Principal Officer
Brian Renka
Phone
3306661183
Tax Period
2023-01-01 to 2023-12-31

ST EDWARD HOME, founded in 1970, is a mid-sized nonprofit in the Human Services sector that reported $20.7M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

The Village of St. Edward Community supports and enriches lives with compassionate, Christ-centered care.

Program Service Accomplishments

Program 1
Expenses: $9,108,987 Revenue: $8,974,166

Nursing Care Services: In providing nursing care services, The Village of St. Edward meets the diverse health, social and spiritual care needs of older adults who live in a structured, protected...

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Nursing Care Services: In providing nursing care services, The Village of St. Edward meets the diverse health, social and spiritual care needs of older adults who live in a structured, protected living environment. Since its inception in 1964, St. Edward has provided the highest level of compassionate care and services for its residents. The organization has built an exemplary record in delivering quality care and services and of regulatory compliance. The Village of St. Edward is a Catholic organization with historical ties to the Catholic Diocese of Cleveland. No other Catholic sponsored organization in the Akron area offers the same services and programs. The Village of St. Edward participates in both the Medicaid and Medicare programs. During 2023, Nursing Care provided 26,740 days of care.

Program 2
Expenses: $2,309,591 Revenue: $2,296,087

Independent Living Services: The Village of St. Edward believes in a long-term relationship with the older adults who reside in their community. In providing independent living services, not only...

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Independent Living Services: The Village of St. Edward believes in a long-term relationship with the older adults who reside in their community. In providing independent living services, not only does The Village of St. Edward provide living quarters attentive to the requirements of an aged population, but also opportunities for personal growth and enrichment. The Village's Independent Living services is an affordable living option for many low to middle income elderly residents of the Akron region. During 2023, the independent living facility provided 23,289 days of occupancy for high-functioning senior citizens.

Program 3
Expenses: $4,507,121 Revenue: $4,994,130

Assisted Living Services: The Village of St. Edward provides Assisted Living services for a level of care between skilled nursing and independent living. During 2023, The Village provided 26,148 days...

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Assisted Living Services: The Village of St. Edward provides Assisted Living services for a level of care between skilled nursing and independent living. During 2023, The Village provided 26,148 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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $599,923
Program Service Revenue $18,605,247
Investment Income $477,867
Other Revenue $995,375
TOTAL REVENUE $20,678,412

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,439,512
Fundraising Expenses $0
Program Expenses $18,034,492
Other Expenses $8,165,845
TOTAL EXPENSES $20,605,357

Year-over-Year Comparison

2023 2022 Change
Revenue $20,678,412 $22,778,233 -0.1%
Expenses $20,605,357 $20,055,797 +0.0%
Net Income $73,055 $2,722,436 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
19
Employees
432
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$836,974
Total Directors
19
$319,486
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Danielle Maur Board Member and President/CEO 37
Officer Director
$232,048 $23,971 $256,019
Brian Renkas V.P of Finance/CFO 40
Officer
$195,328 $13,025 $208,353
Amy Harris V.P. of Operations/COO 40
Officer
$139,685 $20,265 $159,950
Vondea Sheaffer V.P. of Advancement 0
Officer
$137,685 $11,500 $149,185
Ed Cyrek Director of Information Technology 40
Highest
$127,337 $11,049 $138,386
Renee Hunek Director of Human Resources 40
Highest
$122,518 $5,135 $127,653
Thomas Bright Coporate Director of Dining Services 40
Highest
$110,648 $3,155 $113,803
Michelle Emerson Director of Nursing 40
Highest
$101,426 $11,665 $113,091
John Stoner Board Member and President/CEO 37
Officer Director
$59,492 $3,975 $63,467
Patrick McMahon Chair 2
Officer Director
$0 $0 $0
Joe McNeill Vice-Chair 1
Officer Director
$0 $0 $0
Amy Ciccotelli Treasurer 1
Officer Director
$0 $0 $0
Paulette Macura Secretary 1
Officer Director
$0 $0 $0
Kimberly Cole Director 1
Director
$0 $0 $0
Ceasar Carrino Director 1
Director
$0 $0 $0
Thomas Freeman Director 1
Director
$0 $0 $0
Laura Fryan Director 1
Director
$0 $0 $0
Patrick Gareau Director 1
Director
$0 $0 $0
Lia Jones Director 1
Director
$0 $0 $0
John Kilway Director 1
Director
$0 $0 $0
Karen Manna Director 1
Director
$0 $0 $0
Joan Maser Director 1
Director
$0 $0 $0
Craig Mottice Director 1
Director
$0 $0 $0
Rev John Mulhollan Director 1
Director
$0 $0 $0
Dominic Rizzo Director 1
Director
$0 $0 $0
Mike VanDevere Director 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $20,678,412 $20,605,357 $30,708,381 $73,055
2022 $22,778,233 $20,055,797 $30,585,577 $2,722,436
2021 $18,520,836 $17,593,803 $30,387,344 $927,033
2020 $19,556,360 $17,077,504 $31,156,135 $2,478,856
2019 $17,582,759 $16,914,975 $29,036,978 $667,784
2018 $17,810,100 $15,975,635 $28,197,036 $1,834,465
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