Form 990 for tax year 2023
Filed by DEVON OAKS ASSISTED LIVING CORPORATION.
Totals
- Total revenue
- $5,954,781
- Total expenses
- $4,905,737
- Contributions and grants received
- $930,619
- Grants paid
- $0
- Program service revenue
- $4,952,773
- Investment income
- $15,226
- Other revenue
- $56,163
- Total assets, end of year
- $5,892,074
- Total liabilities, end of year
- $2,050,932
- Net assets or fund balances, end of year
- $3,841,142
- Program services expenses (Part IX)
- $3,572,211
- Management and general expenses
- $1,327,565
- Fundraising expenses
- $5,961
- Program service expenses (Part III)
- $3,572,211
Program services were 72.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$930,619
-
2a · Program service revenue: Ancillary Services
total $108,615 · related or exempt $108,615
-
2b · Program service revenue: Participant revenue
total $234,964 · related or exempt $234,964
-
2c · Program service revenue: Resident services
total $4,609,194 · related or exempt $4,609,194
-
3 · Investment income
total $15,226 · related or exempt $15,226
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Meals
total $20,510 · related or exempt $20,510
-
11b · Other revenue: Miscellaneous Income
total -$3,587 · related or exempt -$3,587
-
11c · Other revenue: NA Released
total $39,240 · related or exempt $39,240
-
11e · Other revenue, total
$56,163
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,016,795 · program services $1,946,867 · management and general $69,928
-
8 · Pension plan contributions
total $2,928 · program services $2,846 · management and general $82
-
9 · Other employee benefits
total $85,821 · program services $83,226 · management and general $2,595
-
10 · Payroll taxes
total $182,930 · program services $177,545 · management and general $5,385
-
11a · Fees: management
total $1,294,245 · program services $71,497 · management and general $1,216,787 · fundraising $5,961
-
11b · Fees: legal
total $3,592 · program services $3,485 · management and general $107
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $16,376 · program services $16,376
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $17,097 · management and general $17,097
-
14 · Information technology
total $2,856 · program services $2,771 · management and general $85
-
15 · Royalties
total $0
-
16 · Occupancy
total $152,279 · program services $152,279
-
17 · Travel
total $32 · program services $31 · management and general $1
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $497 · program services $462 · management and general $35
-
20 · Interest
total $207,180 · program services $207,180
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $294,537 · program services $285,604 · management and general $8,933
-
23 · Insurance
total $70,009 · program services $67,868 · management and general $2,141
-
24a · Other expenses: Supplies
total $348,210 · program services $348,210
-
24b · Other expenses: Bad Debt
total $77,254 · program services $77,254
-
24c · Other expenses: Repairs & Maint
total $60,574 · program services $58,792 · management and general $1,782
-
24d · Other expenses: Miscellaneous
total $59,512 · program services $57,455 · management and general $2,057
-
24e · All other expenses
total $13,013 · program services $12,463 · management and general $550
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $649,933 · end of year $1,249,480
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $120,283 · end of year $986,096
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $5,760 · end of year $23,807
-
10a · Land, buildings and equipment: cost or other basis
$9,198,564
-
10b · Land, buildings and equipment: accumulated depreciation
$6,136,666
-
10c · Land, buildings and equipment, net
beginning of year $3,207,273 · end of year $3,061,898
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $200,000 · end of year $570,793
-
17 · Accounts payable and accrued expenses
beginning of year $306,561 · end of year $360,478
-
25 · Other liabilities
beginning of year $4,584,590 · end of year $1,690,454
-
27 · Net assets without donor restrictions
beginning of year -$713,699 · end of year $3,835,345
-
28 · Net assets with donor restrictions
beginning of year $5,797 · end of year $5,797
Mission and programs · 2023
Mission
We affirm the dignity and individual worth of older adults and their right to attain the highest possible quality of life. We strive to nurture 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.
Activities or mission (Part I)
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.
-
Devon Oaks is a premier Assisted Living community operating 54 assisted living units and 12 memory support units, supporting older adult residents needing assistance with activities of daily living and who are experiencing mid-stage Alzheimer's disease and related dementia. Devon Oaks offers residents and families peace of mind by providing services that include: licensed, professional staff on duty 24 hours a day; access to a physician and nurse practitioner; medication management provided by in-house clinical staff; transportation to hospital and physician appointments as well as community events; full-time physical therapist; 24-hour assistance with activities of daily living such as dressing, meals, mobility, and hygiene; meaningful activities that promote engagement and socialization; memory support care; and respite care.Devon Oaks Assisted Living Corporation operates within the Eliza Jennings Senior Care Network, a provider of residential and community-based aging services which includes Eliza Jennings Inc, Olmsted Assisted Living Corp, Olmsted Health & Services, Olmsted Resident Corp, Acacia Place Adult Day Center, and the flagship skilled nursing community Eliza Jennings Home. In December of 2023, Eliza Jennings Inc. acquired the assets of and is now operating a senior living community in Chagrin Falls, Ohio (southeast of Cleveland) under the licensed trade name Eliza at Chagrin Falls which includes 75 traditional assisted living units, 18 memory support units, and 27 skilled nursing units (29 licenses).As a nationally recognized innovator and expert in aging services, Eliza Jennings Senior Care Network offers a full spectrum of memory support programming and services to older adults with Alzheimers disease and other dementias throughout its residential communities and adult day program and provides home health services through Northeast Ohio Homecare (offering skilled nursing and in-home therapy services to assist older adults who live independently in their home). The Eliza Jennings Senior Care Network is committed to offering compassionate care and support to individuals and their families who are facing advanced illness and end-of-life care decisions and offers hospice services though Northeast Ohio Hospice, geared to providing choices that sustain dignity and autonomy, while enhancing comfort and quality of life during this difficult time.
Expenses $3,572,211
As filed on the 2023 return.
Listed in Part VII
-
Richard M Boyson Jr
President & CEO
- Total calculated
- $437,606
- From this org
- $0
- From related orgs
- $397,074
- Other
- $40,532
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $332,074 related
- Bonus
- not reported + $65,000 related
- Other
- not reported
- Deferred
- not reported + $26,015 related
- Nontaxable benefits
- not reported + $14,517 related
- Filer's total
- not reported + $437,606 related
-
Kathleen M Shields
CFO
- Total calculated
- $213,187
- From this org
- $0
- From related orgs
- $206,879
- Other
- $6,308
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $194,979 related
- Bonus
- not reported + $11,900 related
- Other
- not reported
- Deferred
- not reported + $1,015 related
- Nontaxable benefits
- not reported + $5,293 related
- Filer's total
- not reported + $213,187 related
-
Jennifer Griveas
VP of Legal
- Total calculated
- $187,485
- From this org
- $0
- From related orgs
- $172,032
- Other
- $15,453
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $165,032 related
- Bonus
- not reported + $7,000 related
- Other
- not reported
- Deferred
- not reported + $1,015 related
- Nontaxable benefits
- not reported + $14,438 related
- Filer's total
- not reported + $187,485 related
-
Michael Gray
CIO
- Total calculated
- $137,228
- From this org
- $0
- From related orgs
- $135,762
- Other
- $1,466
- Hours/week
- 0 + 40 related
-
Richard L Fletcher
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Alayne J Fodor
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Glenn S Krassen
Secretary
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Richard L Fox
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Margaret Hartney
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Michele Messina
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
James Rogerson
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Patricia M Scanlon
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Sheryl L Sereda
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Terrie Shrock
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
John P Stoner
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Allen R Tracy
Treasurer
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Rick Weigle Jr
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Margaret G Weitzel
Chair
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Hilton Young
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 6b: Explanation of organization compensation contingent on net earnings from related or
- Bonus programs apply to select individuals shown in form 990, Part VII, Section A line 1a. Cirteria is based on actual versus budgeted financial performance and other non financial criteria.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501 (c)(3) · Management & admin services to related parties · OH
-
Eliza Jennings Senior Care Network
501(c)(3) · Management and admin support to related parties · OH
-
501 (c)(3) · Assisted living community · OH
-
501 (c)(3) · Nursing care community · OH
-
501(c)(3) · Independent living community · OH
-
501 (c) (3) · Nursing care community · OH
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501349349309540
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