Eliza Jennings Senior Care Network

EIN: 341560243 501(c)(3)

Olmsted Township, OH

Total Revenue
$8,199,527
Total Expenses
$4,552,916
Total Assets
$29,302,731
Net Assets
$4,023,352
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
OH
Principal Officer
Richard M Boyson Jr
Phone
4405404700
Tax Period
2023-07-01 to 2024-06-30

Eliza Jennings Senior Care Network, founded in 1987, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 44% operating margin.

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: $246,158

Eliza Jennings Senior Care Network is the not-for-profit parent organization that serves older adults and oversees a range of senior living communities and services that cover the complete continuum...

Read more

Eliza Jennings Senior Care Network is the not-for-profit parent organization that serves older adults and oversees a range of senior living communities and services that cover the complete continuum of today's residential long-term care needs, including a continuing independent living, assisted living, skilled nursing, rehabilitation services, Alzheimer's disease and dementia care, adult day services, and home health and hospice care through affiliations in joint ventures. Eliza Jennings has grown to become one of the largest not-for-profit senior living organizations in the Greater Cleveland area, offering 628 residential and skilled units, and employing over 600 employees. We are proud to be a 14-time recipient of the NorthCoast 99 award, in recognition of being one of the 99 best places to work in Northeast Ohio. As a nationally recognized innovator and expert in aging services, Eliza Jennings Senior Care Network 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 and provides home health services through Northeast Ohio Homecare (offering skilled nursing and in-home therapy services to assist older adults who live independently in their home). The Eliza Jennings Senior Care Network is committed to offering compassionate care and support to individuals and their families who are facing advanced illness and end-of-life care decisions and offers hospice services though Northeast Ohio Hospice, geared to providing choices that sustain dignity and autonomy, while enhancing comfort and quality of life during this difficult time. The network's full spectrum of services includes:Residential Communities:*Eliza Jennings Home, the organizations flagship community operating a 126-bed nursing home that provides nursing services from respite and rehabilitative care to intermediate and skilled care. The community is both Medicare and Medicaid certified as well as licensed by the State of Ohio and certified by CMS (Centers for Medicare and Medicaid Services). Eliza Jennings was one of the organizations at the forefront of a major culture change movement called person-centered care, a philosophy focused on maximizing the quality of life for residents and perception of their need to be in an environment that more closely resembles home and promotes preference and choice. Person center care has transformed the culture of the facility.*The Renaissance is a continuing care retirement community offering independent and assisting living, and skilled nursing and rehabilitation services. This continuum includes Olmsted Assisted Living, which operates 48 assisted living apartments, Olmsted Residence Corporation which operates 176 independent living residences (villas and apartments), and Olmsted Health & Services which operates a 90-bed skilled nursing center which are all subsidiaries of Eliza Jennings Inc., the holding company.*Eliza at Chagrin Falls is a senior living facility whose assets were acquired by Eliza Jennings Inc in December of 2023. The community includes 75 traditional assisted living units, 18 memory support units, and 27 skilled nursing units (29 licenses) and provides assisted living, dementia care and skilled nursing services. *Devon Oaks is an assisted living community with 54 traditional assisted living apartments, and 12 memory support units providing services and programs for older adults needing assistance in activities of daily living. The Memory Support Unit offers specialized services for those suffering from early and mid-stage Alzheimer's disease and related dementia.Community-based services:*Acacia Place Adult Day Center, offered as an alternative to long-term residential care, helps physically and cognitively challenged older adults continue to live at home as independently as possible by providing appropriate programming and socialization on a daily basis. Acacia Place Adult Day Center offers programming Monday through Saturday.*Northeast Ohio Home Care, an affiliated joint venture, offers skilled nursing and in-home therapy services to assist older adults who live independently in their home. * Northeast Ohio Hospice, an affiliated joint venture, offers hospice services geared to providing choices that sustain dignity and autonomy, while enhancing comfort and quality of life to individuals and their families who are facing advanced illness and end-of-life care decisions.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $981,439
Program Service Revenue $3,677,464
Investment Income $3,590,273
Other Revenue $-49,649
TOTAL REVENUE $8,199,527

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,955,447
Fundraising Expenses $20,052
Program Expenses $246,158
Other Expenses $1,597,469
TOTAL EXPENSES $4,552,916

Year-over-Year Comparison

2023 2022 Change
Revenue $8,199,527 $6,664,889 +0.2%
Expenses $4,552,916 $4,466,127 +0.0%
Net Income $3,646,611 $2,198,762 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
16
Independent Members
15
Employees
27
Volunteers
100

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
$975,506
Total Directors
16
$437,606
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard M Boyson Jr President & CEO 40.00
Officer Director
$397,074 $40,532 $437,606
Kathleen M Shields CFO 40.00
Officer
$206,879 $6,308 $213,187
Jennifer Griveas VP of Legal 40.00
Officer
$172,032 $15,453 $187,485
Sandy Skerda Exec. Dir. Renaiss 40.00
$139,606 $6,319 $145,925
Lisa Fluhart Exec. Dir. Eliza J 40.00
$133,284 $6,309 $139,593
Michael Gray CIO 40.00
Officer
$135,762 $1,466 $137,228
Kimberly Hernandez Director of HR 40.00
$100,598 $3,570 $104,168
Richard L Fletcher Trustee 4.00
Director
$0 $0 $0
Alayne J Fodor Trustee 4.00
Director
$0 $0 $0
Glenn S Krassen Secretary 4.00
Director
$0 $0 $0
Margaret Hartney Trustee 4.00
Director
$0 $0 $0
Michelle R Messina Trustee 4.00
Director
$0 $0 $0
Richard L Fox Trustee 4.00
Director
$0 $0 $0
James Rogerson Trustee 4.00
Director
$0 $0 $0
Patricia M Scanlon Trustee 4.00
Director
$0 $0 $0
Terrie Tenk Shrock Trustee 4.00
Director
$0 $0 $0
Allen R Tracy Treasurer 4.00
Director
$0 $0 $0
Rick J Weigle Trustee 4.00
Director
$0 $0 $0
Margaret G Weitzel Chair 4.00
Director
$0 $0 $0
Hilton Young Trustee 4.00
Director
$0 $0 $0
Sheryl L Sereda Trustee 4.00
Director
$0 $0 $0
John P Stoner Trustee 4.00
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 $8,199,527 $4,552,916 $29,302,731 $3,646,611
2023 $6,664,889 $4,466,127 $24,234,036 $2,198,762
2022 $2,585,901 $4,399,965 $20,223,515 $-1,814,064
2021 $4,454,230 $4,169,687 $3,671,366 $284,543
2020 $4,076,010 $3,718,485 $10,191,212 $357,525
2019 $856,523 $3,812,113 $15,343,091 $-2,955,590
2018 $3,668,864 $3,540,990 $17,329,520 $127,874
Explore More Nonprofits
Top 100 Nonprofits in Ohio Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Eliza Jennings Senior Care Network with other nonprofits in Ohio and across the country.