CHARLESTON, WV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EDGEWOOD SUMMIT INC, founded in 1990, is a mid-sized nonprofit in the Human Services sector that reported $15.8M in total revenue in fiscal year 2024.
THE ORGANIZATION'S PRIMARY EXEMPT FUNCTION IS TO PROVIDE, ON A NON-PROFIT BASIS, LONG-TERM CARE FACILITIES IN THE STATE OF WEST VIRGINIA SPECIFICALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF ELDERLY AND INFIRM PERSONS, INCLUDING BUT NOT LIMITED TO HOUSING, BUILDINGS, STRUCTURES, EQUIPMENT, FURNISHINGS, PROGRAMS AND RELATED HEALTH AND OTHER SERVICES CONTRIBUTING TO THEIR HEALTH, SECURITY, HAPPINESS AND PHYSICAL AND MENTAL WELL-BEING. THE MISSION OF EDGEWOOD SUMMIT IS TO PROVIDE AN ATTRACTIVE, CARING, COMFORTABLE SENIOR LIVING COMMUNITY. A SECURE ENVIRONMENT AND QUALITY SERVICE THAT WILL BE THE HALLMARK OF THIS COMMUNITY.
THE ORGANIZATION PROVIDED, ON A NON-PROFIT BASIS, HOUSING, DINING, HOUSEKEEPING, LAUNDRY, TRANSPORTATION, ACTIVITIES, NURSING AND ASSISTED LIVING CARE, MEMORY SUPPORT CARE, AND SKILLED NURSING CARE...
THE ORGANIZATION PROVIDED, ON A NON-PROFIT BASIS, HOUSING, DINING, HOUSEKEEPING, LAUNDRY, TRANSPORTATION, ACTIVITIES, NURSING AND ASSISTED LIVING CARE, MEMORY SUPPORT CARE, AND SKILLED NURSING CARE THROUGH THE OPERATION OF A CCRC - CONTINUUM CARE RETIREMENT COMMUNITY - THAT SERVED 228 RESIDENTS IN 127 INDEPENDENT AND 40 ASSISTED LIVING, 18 MEMORY SUPPORT AND 20 SKILLED NURSING UNITS.
1. EDGEWOOD SUMMIT, INC. HAS BEEN OPEN FOR 30 YEARS. APARTMENTS ARE UPGRADED WHEN TURNOVER OCCURS; THIS INCLUDES FRESH PAINT, NEW CARPET. AN ENHANCED UPGRADE TO EACH UNIT INCLUDES - NEW KITCHEN AND...
1. EDGEWOOD SUMMIT, INC. HAS BEEN OPEN FOR 30 YEARS. APARTMENTS ARE UPGRADED WHEN TURNOVER OCCURS; THIS INCLUDES FRESH PAINT, NEW CARPET. AN ENHANCED UPGRADE TO EACH UNIT INCLUDES - NEW KITCHEN AND BATH CABINETS WITH SOLID SURFACE COUNTERTOPS, NEW LIGHTING, NEW KITCHEN APPLIANCES INCLUDING WASHER AND DRYER. ALL ITEMS WITH A USEFUL LIFE REMAINING ARE DONATED TO HABITAT FOR HUMANITY RESTORE. THESE ITEMS INCLUDE: RANGES, REFRIGERATORS, DISHWASHERS, WASHER/DRYER COMBOS AND KITCHEN AND BATH CABINETS, AND LIGHT FIXTURES. EDGEWOOD SUMMIT TURNED OVER APPROXIMATELY 51 UNITS THIS PAST FISCAL YEAR AND 15 UNITS WERE TOUCHED UP.TOTAL EXPENSES INCURRED: $21,950 (SEE CONTINUATION ON SCHEDULE O)2. ANNUALLY EDGEWOOD SUMMIT, INC. PARTICIPATED IN THE FOLLOWING CHARITABLE ACTIVITIES: > UNION MISSION FOOD DRIVE - NOVEMBER - DECEMBER 2024 > MANNA MEAL FOOD DRIVE - JANUARY - FEBRUARY 2025 > KANAWHA HUMANE ASSOCIATION SUPPLY DRIVE - FEBRUARY - MARCH 2025 > LABELING FOR READ ALOUD - SEPTEMBER 2024 - JUNE 2025 > ALZHEIMER'S FUNDRAISERS/WALK - AUGUST 2024 & OCTOBER 2024 > STUFFING EGGS FOR THE CITY OF SOUTH CHARLESTON (5,000 EGGS) - MARCH - APRIL 2025 > STUFFING EGGS FOR THE CITY OF CHARLESTON (30,000 EGGS) - MARCH - APRIL 2025 > GREEN CHILI SHOOT OUT MARKET MAYHEM EVENT (SUPPORTING PARKINSONS) - MARCH 2025 > PIEDMONT ELEMENTARY "BACK TO SCHOOL DRIVE" - JUNE 2025 > SOUTH CHARLESTON LIBRARY BOOK DONATIONS - JULY 2024 - JUNE 2025 3. EDGEWOOD SUMMIT, INC. WAS A SPONSOR FOR WEST VIRGINIA ALZHEIMER'S MEMORY WALK, WEST VIRGINIA SYMPHONY ORCHESTRA, AND THE CHARLESTON BALLET.TOTAL EXPENSE INCURRED: $6,764,244. IN THE FALL OF 2013 EDGEWOOD SUMMIT, INC. OPENED THE ARTHUR B. HODGES CENTER WITH 20 SKILLED NURSING AND 18 MEMORY SUPPORT UNITS TO COMPLETE THE FULL CONTINUUM OF CARE ON OUR CAMPUS. ALONG WITH THIS ADDITION ALL NEW RESIDENTS MOVING INTO INDEPENDENT LIVING RECEIVE A 20% DISCOUNT FROM FULL CONTRACTUAL RATES AS THEY MOVE THROUGH THE CONTINUUM. FOR THE THEN CURRENT INDEPENDENT LIVING RESIDENTS A PLAN WAS OFFERED WHERE THE CURRENT RESIDENT COULD PAY A ONE-TIME NON-REFUNDABLE DEPOSIT OF $15,000 AND THEY WOULD ALSO RECEIVE THE HEALTH CARE BENEFIT AS THEY MOVED THROUGH THE CONTINUUM. DURING THE FISCAL YEAR ENDING JUNE 30, 2025 EDGEWOOD SUMMIT HAD 17 RESIDENTS MOVE TO HIGHER LEVELS OF CARE AND BEGAN UTILIZING THE 20% DISCOUNT - AL 13, MS 0, AND SN 4.TOTAL EXPENSE INCURRED: $137,865DURING THE FISCAL YEAR ENDING JUNE 30, 2025 EDGEWOOD SUMMIT HAD A TOTAL OF 37 RESIDENTS WITH THE HEALTH CARE BENEFIT RESIDING IN HIGHER LEVELS OF CARE THAT WERE UTILIZING THE 20% DISCOUNT - AL 37, MS 9, AND SN 28.TOTAL EXPENSE INCURRED: $796,038.10 5. DINING SERVICES CONTRIBUTED 25 THANKSGIVING TURKEYS TO VARIOUS NOT FOR PROFITS AND VOLUNTEER ORGANIZATIONS IN THE CHARLESTON COMMUNITYTOTAL EXPENSE INCURRED: $444.37ANNUAL TOTAL EXPENSE FOR COMMUNITY SERVICES $825,196.71
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $15,817,416 | $15,518,412 | +0.0% |
| Expenses | $16,117,681 | $15,134,721 | +0.1% |
| Net Income | $-300,265 | $383,691 | -1.8% |
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 |
|---|---|---|---|---|---|---|
| GEORGE BARKER | ADMINISTRATOR/EXEC DIR AS OF 01/2025 | 40.00 |
Officer
|
$147,886 | $21,037 | $168,923 |
| CHERIE LITTON | DIRECTOR OF MARKETING | 40.00 |
Highest
|
$132,857 | $6,802 | $139,659 |
| GREG FABER | MAINTENANCE DIRECTOR | 40.00 |
Highest
|
$108,388 | $26,349 | $134,737 |
| VANESSA OWSLEY | DIRECTOR OF NURSING | 40.00 |
Highest
|
$102,065 | $22,236 | $124,301 |
| JOHN DERITO | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELIZABETH KEIGHTLY | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RYAN LINDSAY | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATHLEEN MERRILL | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DIANE GOUHIN | EXECUTIVE DIRECTOR (UNTIL 12/31/24) | 40.00 |
Officer
|
$0 | $0 | $0 |
| JOE NASSIF | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REED SPANGLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FONDA ELLIOT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AUGUSTINUS LOBACH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM PEARCY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM WILCOX | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY CONDARAS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL MULLET | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BETTY IRELAND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KIM BURTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK GRIGSBY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID ELLIOTT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY BOND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUE MCCLUNG | DIRECTOR (AS OF 01/2025) | 1.00 |
Director
|
$0 | $0 | $0 |
| NORMA PARKER | DIRECTOR (UNTIL 12/2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $15,817,416 | $16,117,681 | $43,154,705 | $-300,265 |
| 2024 | $15,518,412 | $15,134,721 | $41,164,467 | $383,691 |
| 2023 | $13,146,344 | $13,927,059 | $39,518,993 | $-780,715 |
| 2022 | $13,418,785 | $13,463,097 | $39,768,204 | $-44,312 |
| 2021 | $14,638,696 | $12,429,625 | $43,260,882 | $2,209,071 |
| 2020 | $12,430,369 | $12,447,156 | $40,936,997 | $-16,787 |
| 2019 | $12,875,019 | $12,248,365 | $41,508,405 | $626,654 |
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