Eliza Jennings Inc

EIN: 341507703 501(c)(3) Health Care

Olmsted Township, OH

Total Revenue
$4,511,403
Total Expenses
$8,651,469
Total Assets
$14,358,350
Net Assets
$-61,501,939
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
OH
Principal Officer
Richard Boyson Jr
Phone
4405404700
Tax Period
2022-07-01 to 2023-06-30

Eliza Jennings Inc, founded in 1988, is a community nonprofit in the Health Care sector that reported $4.5M in total revenue in fiscal year 2022. Expenses of $8.7M exceeded revenue, resulting in a 92% operating deficit.

Mission

We affirm the dignity and individual worth of older adults and their right to attain the highest possible quality of life. We strive to nurture and sustain their physical,emotional,intellectual,social and spiritual health. We are committed to having a community in which every member is equally respected, valued and empowered.

Program Service Accomplishments

Program 1
Expenses: $6,096,633

Eliza Jennings, Inc., dba The Renaissance, a member of the Eliza Jennings Senior Care Network, is a provider of residential and community-based aging services, and provides management and...

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Eliza Jennings, Inc., dba The Renaissance, a member of the Eliza Jennings Senior Care Network, is a provider of residential and community-based aging services, and provides management and administrative assistance to support the operations of: Olmsted Residence Corp. dba The Renaissance, an independent living community with 176 villas and apartments; Olmsted Assisted Living Corp. dba Carol B. Hall Center for Assisted Living, an assisted living community with 48 apartments; and Olmsted Health & Services dba The Renaissance Health Center, a 90-bed skilled nursing and rehabilitation center. A new state-of-the-art assisted living community offering 48 apartments, the Absolute Center for Assisted Living, opened in November 2022.Care services within the Renaissance continuum include access to a physician and nurse 24/7; medication management provided by in-house clinical staff; transportation to hospital and physician appointments and community events; physical, occupational and speech therapy; memory support care; respite care; state-of-the art fitness and aquatic center with heated saltwater pool; world-class dining services; beauty and barber services; pharmaceutical services; and housekeeping and laundry services. Other communities under the Eliza Jennings Senior Care Network include Devon Oaks Assisted Living, Northeast Ohio Home Care, Acacia Place Adult Day Center, Olmsted Residence Corporation, Olmsted Health & Services, Olmsted Assisted Living, 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 spectrum of memory support programming and services to older adults with Alzheimers disease and other dementias throughout its residential communities and adult day program.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,396,912
Program Service Revenue $1,939,795
Investment Income $129,548
Other Revenue $45,148
TOTAL REVENUE $4,511,403

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,857,761
Fundraising Expenses $44,187
Program Expenses $6,096,633
Other Expenses $5,793,708
TOTAL EXPENSES $8,651,469

Year-over-Year Comparison

2022 2021 Change
Revenue $4,511,403 N/A N/A
Expenses $8,651,469 N/A N/A
Net Income $-4,140,066 N/A N/A
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
14
Independent Members
13
Employees
383
Volunteers
114

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
4
$874,597
Total Directors
14
$369,495
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Boyson Jr President & CEO 0.00
Officer Director
$0 $42,466 $369,495
Kathleen M Shields CFO 0.00
Officer
$0 $4,385 $205,119
Jennifer Griveas VP of Legal 0.00
Officer
$0 $7,281 $167,378
Sheryl Sereda CAO 0.00
$0 $7,218 $158,366
Diane Banning Sales Consultant 40.00
$140,600 $5,566 $146,166
Michael Gray CIO 0.00
Officer
$0 $1,631 $132,605
Richard L Fletcher Trustee 0.00
Director
$0 $0 $0
Alayne J Fodor Trustee 0.00
Director
$0 $0 $0
Glenn S Krassen Secretary 0.00
Director
$0 $0 $0
Brendan Lawlor Trustee 0.00
Director
$0 $0 $0
Michelle R Messina Trustee 0.00
Director
$0 $0 $0
Richard L Fox Trustee 0.00
Director
$0 $0 $0
James W Rogerson Trustee 0.00
Director
$0 $0 $0
Patricia M Scanlon Trustee 0.00
Director
$0 $0 $0
Terrie Shrock Trustee 0.00
Director
$0 $0 $0
Allen R Tracy Treasurer 0.00
Director
$0 $0 $0
Rick Weigle Jr Trustee 0.00
Director
$0 $0 $0
Margaret G Weitzel Chairman 0.00
Director
$0 $0 $0
Hilton Young Trustee 0.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $4,511,403 $8,651,469 $14,358,350 $-4,140,066
2022 $3,397,358 $8,247,840 $18,445,679 $-4,850,482
2021 $7,722,194 $7,888,451 $25,498,410 $-166,257
2020 $3,272,282 $7,452,296 $16,622,729 $-4,180,014
2019 $59,606,537 $7,386,370 $17,297,428 $52,220,167
2018 $2,828,203 $7,439,829 $254,470,256 $-4,611,626
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