Olmsted Township, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Olmsted Assisted Living Corporation, founded in 1996, is a community nonprofit in the Human Services sector that reported $2.6M in total revenue in fiscal year 2022. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 39% operating margin.
We affirm the dignity and individual worth of older adults and their right to attain the highest possible quality of life. We strive to nurtue 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.
Olmsted Assisted Living, which is in the Eliza Jennings Senior Care Network, is a provider of residential and community-based aging services; operating 48 assisted living apartments for elderly...
Olmsted Assisted Living, which is in the Eliza Jennings Senior Care Network, is a provider of residential and community-based aging services; operating 48 assisted living apartments for elderly residents, serving Clevelands Westside. A new state-of-the-art assisted living community offering 48 assisted living 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; 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, 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 to older adults with Alzheimers disease and other dementias throughout its residential communities and adult day program.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $2,631,426 | $1,490,339 | +0.8% |
| Expenses | $1,602,775 | $615,403 | +1.6% |
| Net Income | $1,028,651 | $874,936 | +0.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Richard M 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 |
| 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 Rogerson | Trustee | 0.00 |
Director
|
$0 | $0 | $0 |
| Patricia M Scanlon | Trustee | 0.00 |
Director
|
$0 | $0 | $0 |
| Terrie Tenk Shrock | Trustee | 0.00 |
Director
|
$0 | $0 | $0 |
| Allen R Tracy | Treasurer | 0.00 |
Director
|
$0 | $0 | $0 |
| Rick J Weigle | Trustee | 0.00 |
Director
|
$0 | $0 | $0 |
| Margaret G Weitzel | Chair | 0.00 |
Director
|
$0 | $0 | $0 |
| Hilton Young | Trustee | 0.00 |
Director
|
$0 | $0 | $0 |
| 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 | $2,631,426 | $1,602,775 | $12,042,036 | $1,028,651 |
| 2022 | $1,490,339 | $615,403 | $10,832,477 | $874,936 |
| 2021 | $1,722,041 | $638,599 | $2,378,285 | $1,083,442 |
| 2020 | $1,571,837 | $621,403 | $1,087,780 | $950,434 |
| 2019 | $1,507,207 | $597,058 | $1,065,507 | $910,149 |
| 2018 | $1,515,600 | $625,864 | $23,970,629 | $889,736 |
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