VILLAGE OF ST EDWARD AT WADSWORTH

EIN: 341966045 501(c)(3) Housing & Shelter

Fairlawn, OH

Total Revenue
$7,724,882
Total Expenses
$8,913,059
Total Assets
$25,261,717
Net Assets
$-9,292,097
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
OH
Principal Officer
Brian Renkas
Phone
3306661183
Tax Period
2024-01-01 to 2024-12-31

VILLAGE OF ST EDWARD AT WADSWORTH, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $7.7M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $8.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

The community of The Village of St. Edward continues the healing ministry of Jesus through care for older adults and their families, always recognizing the sacredness of life and the dignity of each person.

Program Service Accomplishments

Program 1
Expenses: $317,270 Revenue: $571,463

The Village of St. Edward at Wadsworth offers a peaceful environment for older adults to enjoy independence and wellness in a supportive community of mutual acceptance and caring. This connected...

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The Village of St. Edward at Wadsworth offers a peaceful environment for older adults to enjoy independence and wellness in a supportive community of mutual acceptance and caring. This connected facility features different wings for independent, assisted and memory care living that all meet at one common area - a place where residents are able to enjoy a comfortable atmosphere to eat together and socialize. In 2024, the 50 Independent apartments were licensed as Assisted Living apartments to meet the needs of current residents and the greater community. Current residents can remain in their existing apartment when advanced care is needed. The Village of St. Edward at Wadsworth employs approximately 120 employees educated to preserving residents' safety and health while fostering a sense of belonging, The Village of St. Edward at Wadsworth is a great place to become part of our caring community. In 2024 The Village of St. Edward provided 5,117 days of Independent Living care.

Program 2
Expenses: $5,092,600 Revenue: $4,378,538

The Village of St. Edward at Wadsworth provides Assisted Living services for a level of care between skilled nursing and independent living. During 2024, to meet the increasing demand for Assisted...

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The Village of St. Edward at Wadsworth provides Assisted Living services for a level of care between skilled nursing and independent living. During 2024, to meet the increasing demand for Assisted Living services, The Village transitioned its Independent Living units to accommodate a level needed for Assisted Living.With this transition, The Village of St. Edward at Wadsworth provided 18,883 days of care in 2024. The Village participates in the Assisted Living Waiver program, a long-term care option for Medicaid recipients, and offers an alternative to nursing home placement.

Program 3
Expenses: $2,881,537 Revenue: $2,492,433

The Village of St. Edward at Wadsworth provides Assisted Living Memory Care services for a level of care designed specifically to care for the aging population affected by dementia. In 2024, the...

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The Village of St. Edward at Wadsworth provides Assisted Living Memory Care services for a level of care designed specifically to care for the aging population affected by dementia. In 2024, the Village provided 9,967 days of care in memory care.

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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 $65,157
Program Service Revenue $7,471,791
Investment Income $0
Other Revenue $187,934
TOTAL REVENUE $7,724,882

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,001,562
Fundraising Expenses $0
Program Expenses $8,291,407
Other Expenses $4,911,497
TOTAL EXPENSES $8,913,059

Year-over-Year Comparison

2024 2023 Change
Revenue $7,724,882 $6,071,030 +0.3%
Expenses $8,913,059 $8,183,303 +0.1%
Net Income $-1,188,177 $-2,112,273 -0.4%
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
6
Independent Members
5
Employees
182
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
4
$829,304
Total Directors
6
$281,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Danielle Maur Director and President/CEO 1
Officer Director
$0 $24,158 $281,400
Brian Renkas V.P. of Finance/CFO 40
Officer
$0 $13,353 $222,234
Amy Harris V.P. of Operations/COO 0
Officer
$0 $23,365 $173,456
Vondea Sheaffer V.P. of Advancement 0
Officer
$0 $11,271 $152,214
Frank Witschey Chairperson 1
Director
$0 $0 $0
Chris Easton Director 1
Director
$0 $0 $0
Joe McNeil Director 1
Director
$0 $0 $0
Thomas Stugmyer Director 1
Director
$0 $0 $0
Linda Venner Director 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 $7,724,882 $8,913,059 $25,261,717 $-1,188,177
2023 $6,071,030 $8,183,303 $26,366,400 $-2,112,273
2022 $7,158,767 $7,849,020 $27,996,498 $-690,253
2021 $5,700,086 $7,271,034 $28,004,894 $-1,570,948
2020 $5,480,584 $6,903,574 $28,981,994 $-1,422,990
2019 $2,371,775 $6,369,113 $30,209,536 $-3,997,338
2018 $120 $1,000,069 $3,214,768 $-999,949
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