LIGHT OF HEARTS VILLA INC

EIN: 341619270 501(c)(3) Health Care

Bedford, OH

Total Revenue
$5,047,218
Total Expenses
$5,666,433
Total Assets
$6,018,489
Net Assets
$5,067,189
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
OH
Principal Officer
Breanne Cavileer
Phone
4402321991
Tax Period
2024-01-01 to 2024-12-31

LIGHT OF HEARTS VILLA INC, founded in 1989, is a community nonprofit in the Health Care sector that reported $5.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $5.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

WE ARE DEVOTED TO PROVIDING PREMIER RESIDENTIAL LIVING AND COMMUNITY OUTREACH SERVICES. THROUGH OUR FAITH-BASED VALUES, WE AFFIRM THE INTEGRITY OF EACH PERSON AND ENCOURAGE THEM ON THEIR JOURNEY OF AGING.

Program Service Accomplishments

Program 1
Expenses: $4,654,857 Revenue: $4,978,644

LIGHT OF HEARTS VILLA (THE VILLA) IS A RETIREMENT COMMUNITY PROVIDING ASSISTED LIVING AND MEMORY CARE SERVICES IN BEDFORD OHIO. IN 2024 THE VILLA PROVIDED 28,098 ASSISTED LIVING CARE DAYS. THE VILLA...

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LIGHT OF HEARTS VILLA (THE VILLA) IS A RETIREMENT COMMUNITY PROVIDING ASSISTED LIVING AND MEMORY CARE SERVICES IN BEDFORD OHIO. IN 2024 THE VILLA PROVIDED 28,098 ASSISTED LIVING CARE DAYS. THE VILLA ALSO PROVIDES A VARIETY OF FOOD AND SOCIAL SERVICES TO THOSE IN THE SURROUNDING COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $355,893
Program Service Revenue $4,494,456
Investment Income $49,663
Other Revenue $147,206
TOTAL REVENUE $5,047,218

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,544,835
Fundraising Expenses $123,486
Program Expenses $4,654,857
Other Expenses $2,121,598
TOTAL EXPENSES $5,666,433

Year-over-Year Comparison

2024 2023 Change
Revenue $5,047,218 $4,319,640 +0.2%
Expenses $5,666,433 $5,135,704 +0.1%
Net Income $-619,215 $-816,064 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
13
Employees
115
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
5
$551,215
Total Directors
15
$551,215
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA ROGERS DIRECTOR 1
Officer Director
$0 $66,155 $415,705
BREANNE CAVILEER EXECUTIVE DIRECTOR 40
Officer Director
$0 $21,895 $135,510
SR REGINA FIERMAN CSA DIRECTOR 1
Director
$0 $0 $0
ADAM GOCKOWSKI TREASURER 1
Officer Director
$0 $0 $0
JUDY KREYE DIRECTOR 1
Director
$0 $0 $0
SR ANITA MAROUN CHAIR 1
Officer Director
$0 $0 $0
PATRICK MELNICK DIRECTOR 1
Director
$0 $0 $0
BECKY PAUMIER SECRETARY (THROUGH 10/20/2024) 1
Officer Director
$0 $0 $0
JANE SOPOSKY DIRECTOR 1
Director
$0 $0 $0
BETH WIBLIN DIRECTOR 1
Director
$0 $0 $0
PERDELL RICHARDSON DIRECTOR 1
Director
$0 $0 $0
MARGIE ORTH DIRECTOR 1
Director
$0 $0 $0
NORMAN BOLDEN DIRECTOR (THROUGH 07/27/2024) 1
Director
$0 $0 $0
CORNELIA HODGSON DIRECTOR (EFFECTIVE 11/18/2024) 1
Director
$0 $0 $0
VINCENT DITURNO DIRECTOR (EFFECTIVE 11/18/2024) 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 $5,047,218 $5,666,433 $6,018,489 $-619,215
2023 $4,319,640 $5,135,704 $6,669,225 $-816,064
2022 $3,703,386 $4,876,060 $7,549,044 $-1,172,674
2021 $3,630,164 $4,524,524 $9,144,420 $-894,360
2020 $4,402,853 $4,448,635 $9,907,621 $-45,782
2019 $4,404,167 $4,275,342 $9,748,836 $128,825
2018 $4,242,688 $4,172,908 $9,382,491 $69,780
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