2016-09-16T08:53:06-07:00 2015-12-31 990 2015-01-01 340946931 ST EDWARD HOME STED 3306661183 3131 Smith Road Fairlawn OH 44333 Brian Renkas V.P. of Finance/CFO 2344665213 2016-09-16 2015 2017-02-10 21:41:12Z The Village at St Edward Brian Renkas 3131 Smith Road Fairlawn OH 44333 11600031 0 0928 X www.vased.org X 1970 OH The Village at St. Edward is non-profit retirement community operating a range of facilities in Fairlawn, Ohio with specialized care including Independent Living, Assisted Living and Skilled Nursing in a faith based environment that is consistent with Catholic tradition and teaching. 11 10 335 300 0 0 67264 117960 12643337 13018912 118119 871189 18033 -2408191 12846753 11599870 0 0 0 0 7725537 7890421 0 0 0 4494635 4485977 12220172 12376398 626581 -776528 24053044 28078584 11109833 24648918 12943211 3429666 The community of The Village at 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. 0 0 6767196 0 7017238 Nursing Care Services: In providing nursing care services, St. Edward Home meets the diverse health, social and spiritual care needs of older adults who live in a structured, protected living environment. Since its inception in 1964, St. Edward has provided the highest level of compassionate care and services for its residents. The organization has built an exemplary record in delivering quality care and services and of regulatory compliance. St. Edward Home is a Catholic organization with historical ties to the Catholic Diocese of Cleveland. No other Catholic sponsored organization in the Akron area offers the same services and programs. St. Edward Home participates in both the Medicaid and Medicare programs. During 2015, Nursing Care provided 28,411 days of care. In addition, the organization donated use of its spaces to various charitable or community groups. The Village also served as a training site for various high school, college or career center students. 1522476 0 2241816 Independent Living Services: St. Edward Home believes in a long-term relationship with the older adults who reside in their community. In providing independent living services, not only does St. Edward Home provide services attentive to the requirements of an aged population, but also opportunities for personal growth and enrichment. St. Edward Home is an affordable living option for many low to middle income elderly residents of the Akron region. During 2015, the independent living facility provided 31,952 days of occupancy for high-functioning senior citizens. In addition, The Village donated use of its numerous spaces to various community organizations, coordinated collections of clothing items and blankets for a local area church, school supplies for a local school and raised monies for a local food pantry. 2439936 0 3637107 Assisted Living Services: St. Edward Home provides Assisted Living services for a level of care between skilled nursing and independent living. During 2015, The Village provided 25,339 days of care in assisted living. 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. 0 0 0 10729608 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 39 0 1 335 1 0 0 0 0 0 0 0 0 0 0 X 11 10 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 OH X Brian Renkas 3306661183 3131 Smith Road Fairlawn OH 44333 John Stoner Board Member and President/CEO 39 1 X X 250892 0 26956 Philip Kaufmann Chair 2 0 X X 0 0 0 Craig Marshall Vice-Chair 2 0 X X 0 0 0 David Meeker Secretary/Treasurer 2 0 X X 0 0 0 James Fenske Board Member 1 0 X 0 0 0 Patrick Gareau Board Member 1 0 X 0 0 0 Thomas Hudock Board Member 1 0 X 0 0 0 Rev Walter Jenne Board Member 1 0 X 0 0 0 Michael Jirele Board Member 1 0 X 0 0 0 Sr Mary Ann Wiesemann-Mills Board Member 1 0 X 0 0 0 Mike VanDevere Board Member 1 0 X 0 0 0 Kimberly Cole Board Member 1 0 X 0 0 0 Danielle Maur V.P. of Operations 40 0 X 112491 0 20538 Brian Renkas Vice President of Finance/CFO 40 0 X 67998 0 7440 Elizabeth Weinhold Vice President of Finance/CFO 40 0 X 48275 0 17847 479656 0 72781 0 0 1 0 Honeywell 12490 Collections Center Drive Chicago IL 60693 HVAC Maintenance 159573 HealthPRO Rehabiitation 16600 Sprague Road Suite 365 Middleburg Heights OH 44130 Therapy and Rehab Services 494593 2 0 0 0 116000 0 1960 0 117960 Nursing 623000 7015238 7015238 0 0 Independent Living 623000 2241816 2241816 0 0 Assisted Living 623000 3637107 3637107 0 0 Meals/Barber & Beauty 623000 124751 0 0 124751 0 0 0 0 13018912 110736 0 0 110736 0 0 0 0 1278 0 0 1278 2000 0 0 0 2000 0 2000 0 0 2000 760614 0 161 0 760453 0 760453 0 0 760453 0 Loss on pension plan 900099 -2327033 0 0 -2327033 Loss on Early Extinguisment of Debt 900099 -94145 0 0 -94145 Miscellaneous Revenue 900099 9709 0 0 9709 0 0 0 0 -2411469 11599870 12894161 0 -1412251 479656 112491 367165 5792243 5112277 679966 384555 291898 92657 712175 609126 103049 521792 434456 87336 39494 39494 21000 21000 3431 3431 29500 29500 41765 41765 32433 16479 15954 83593 83593 488001 488001 19556 18410 1146 23914 9228 14686 260579 260579 0 700467 700467 108661 108661 Dietary - Food 669321 669321 0 0 Contract Therapy 497451 497451 0 0 Contract Services 434103 396210 37893 0 Franchise Permit Fee 356991 356991 0 0 675717 576297 99420 0 12376398 10729608 1646790 0 1700 1700 3277898 12711385 569015 495079 25224 25217 100132 75487 25980642 15517474 8023598 10463168 11680159 4063688 375318 242860 24053044 28078584 1092410 3648918 10017423 21000000 11109833 24648918 X 12936221 3423430 6990 6236 0 0 12943211 3429666 24053044 28078584 X -776528 -731375 0 0 0 -8005642 X 0 1 X 1 0 X 2024 14104 5275 67264 117960 206627 12775388 13139231 12596590 12643337 13018912 64173458 12777412 13153335 12601865 12710601 13136872 64380085 64380085 129249 127277 147211 201328 112014 717079 129249 127277 147211 201328 112014 717079 21238 16237 11297 16288 11709 76769 12927899 13296849 12760373 12928217 13260595 65173933 0.98782 0.98797 0.01100 0.01081 X Schedule A, Part III, Line 12 Other income including catering and miscellaneous revenues. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3413325 3413325 0 10120651 7530597 2590054 0 0 0 0 0 10248225 7986877 2261348 0 2198441 0 2198441 10463168 X X X X 0 0 0 0 0 0 0 0 0 John Stoner Board Member and President/CEO 238392 0 12500 0 0 0 19760 0 7196 0 277848 0 0 0 A County of Summit 346002767 2015-12-09 21000000 Refund Series 2011, construct Memory Care building and renovations of current building 0 0 0 A 0 0 2100000 0 0 0 413000 0 0 0 9143161 11443839 1 0 0 1 A 0 0 0 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 0 A 1 Form 990, Part VI, Section A, Line 2 Two Board members are partners at Stark & Knoll, a legal firm that is structured as a partnership. One Board member is owner of Knoch Corporation and is the employer of another Board member. Form 990, Part VI, Section A, Line 7b All of the authority and powers of St. Edward Home are exercised by the Board of Directors subject to the following rights reserved to the local Bishop of the Roman Catholic Church: to approve any changes made by the Board of Directors with respect to philosophy, mission and purpose of St. Edward Home; to determine and maintain the Catholic identify of St. Edward Home, and to approve any amendment or restatement of the Articles of Incorporation and the Code of Regulations which affect the reserved powers of the Bishop. Form 990, Part VI, Section B, Line 11b After the form is prepared by the organization's Accounting Supervisor, it is reviewed by the V.P. of Finance/CFO. The form is then reviewed by the organization's independent auditing firm. Next, the President/CEO and V.P. of Finance/CFO meet with the Executive and Finance Committees to review the forms. Subsequent to that meeting, a copy is provided to the full Board of Directors before the report is filed. Form 990, Part VI, Section B, Line 12c The Annual Conflict of Interest Disclosure Statement is distributed to all board directors at the first Board of Directors meeting of the year. The directors are encouraged to complete the form at that meeting. For those that do not complete the form at that time or are not present at the meeting, staff mails the form to them for their completion. Staff monitors receipt of the forms until all have been received. Upon receipt, staff reviews the forms with the President/CEO. The completed forms are then filed. For any conflicts that may arise, the Duality of Interest section of the organization's Code of Regulations states that only directors who are not interested in the matter may vote. Form 990, Part VI, Section B, Line 15 The following process is used to establish compensation for the President/CEO: The Executive Committee of the Board of Directors obtains needed comparability data for comparable positions in similar organizations from independent, outside consultants or auditors providing services to the continuing care industry. The data is provided to the Executive Committee prior to a Board of Directors meeting. The Executive Committee reviews the data, along with documentation from the President/CEO addressing the accomplishment of goals and objectives for the year. The Executive Committee maintains their own minutes of this meeting. The Executive Committee then makes a recommendation for any compensation adjustment at the next meeting of the Board of Directors. The recommendation is made by members independent of the President/CEO. The discussion and results of the meeting are documented in the Board of Directors minutes. Form 990, Part VI, Section C, Line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Form 990, Part XI, Line 9 Decrease in Fund Balance due to transfer to Foundation Village at St Edward Foundation 3131 Smith Road Fairlawn OH 44333 341969623 Fundraising on behalf of St. Edward Home OH 501(c)(3) 11a N/A 1 The Village of St Edward at Wadsworth 3131 Smith Road Fairlawn OH 44333 341966045 Delivery of housing and related services to senior citizens and the elderly. OH 501(c)(3) 11b N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 Village at St Edward Foundation s 75000 Amount received by the Village at St Edward Foundation and determined by the Board of Directors to use for the purchase of Mt Eaton Road property. Village at St Edward Foundation s 39765 Amount received by the Village at St Edward Foundation for Benevolent Care and used for the care of a resident at St Edward Home.