Westlake, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Devon Oaks Assisted Living Corporation, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $6.0M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 18% operating margin.
Devon Oaks is Eliza Jennings' assisted living facility in Westlake, Ohio. This community incorporates residential services, assistance with daily living, and memory support for older adults experiencing early & mid-stage Alzheimer's and dementia.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $5,954,781 | $4,437,692 | +0.3% |
| Expenses | $4,905,737 | $4,526,010 | +0.1% |
| Net Income | $1,049,044 | $-88,318 | -12.9% |
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 | $40,532 | $437,606 |
| Kathleen M Shields | CFO | 0.00 |
Officer
|
$0 | $6,308 | $213,187 |
| Jennifer Griveas | VP of Legal | 0.00 |
Officer
|
$0 | $15,453 | $187,485 |
| Michael Gray | CIO | 0.00 |
Officer
|
$0 | $1,466 | $137,228 |
| 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 |
| Richard L Fox | Trustee | 0.00 |
Director
|
$0 | $0 | $0 |
| Margaret Hartney | Trustee | 0.00 |
Director
|
$0 | $0 | $0 |
| Michele Messina | 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 |
| Sheryl L Sereda | Trustee | 0.00 |
Director
|
$0 | $0 | $0 |
| Terrie Shrock | Trustee | 0.00 |
Director
|
$0 | $0 | $0 |
| John P Stoner | 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 | 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 | $5,954,781 | $4,905,737 | $5,892,074 | $1,049,044 |
| 2023 | $4,437,692 | $4,526,010 | $4,183,249 | $-88,318 |
| 2022 | $4,618,783 | $4,138,829 | $45,800 | $479,954 |
| 2021 | $4,167,902 | $3,182,729 | $7,580,543 | $985,173 |
| 2020 | $4,147,077 | $3,139,285 | $5,071,344 | $1,007,792 |
| 2019 | $4,033,505 | $3,168,958 | $8,893,627 | $864,547 |
| 2018 | $3,861,778 | $3,306,984 | $5,902,004 | $554,794 |
Compare Devon Oaks Assisted Living Corporation with other nonprofits in Ohio and across the country.