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OLMSTED RESIDENCE CORPORATION

EIN 34-1560249 OLMSTED TOWNSHIP, OH

Revenue 2024
$9,426,605
Expenses 2024
$4,258,150

Program services were 95.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
P750
Classification
1000
Street
26376 JOHN ROAD

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

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)

Olmsted Residence Corp is an Eliza Jennings Independent Living community with 176 apartments and villas for older adults. This community offers a myriad of inclusive amenities and services including fine dining, maintenance, and housekeeping.

  • Eliza Jennings, Inc., a member of the Eliza Jennings Senior Care Network, is a provider of residential and community-based aging services which provides management and administrative assistance to support the operations Olmsted Residence Corp. a premier independent living community with 176 villas and apartments; Olmsted Assisted Living Corp., an assisted living facility with 48 apartments; and Olmsted Health & Services, a 90-bed skilled nursing and rehabilitation center. Collectively this continuing care retirement/life care community located in Olmsted Falls, Ohio (on Clevelands west side) operates under the trade name The Renaissance. Amenities and care services include access to a physician and nurse 24 hours a day; on site wellness clinic and health center, medication management provided by in-house clinical staff; transportation to hospital and physician appointments and community events; physical, occupational and speech therapy; memory support care; respite care; state-of-the art fitness and aquatic center with heated saltwater pool; world-class dining services; beauty and barber services; pharmaceutical services; and housekeeping and laundry services on a 60-plus acre campus with walking paths. 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) on a scenic 45-plus acre campus. Eliza at Chagrin Falls offers residents and families peace of mind by providing care services such as 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.Other communities under the Eliza Jennings Senior Care Network include Devon Oaks Assisted Living, Acacia Place Adult Day Center, and the flagship skilled nursing community Eliza Jennings Home. 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 $4,065,218

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Richard M Boyson Jr

    President & CEO

    Total calculated
    $431,435
    From this org
    $0
    From related orgs
    $381,678
    Other
    $49,757
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $315,678 related
    Bonus
    not reported + $66,000 related
    Other
    not reported
    Deferred
    not reported + $31,928 related
    Nontaxable benefits
    not reported + $17,829 related
    Filer's total
    not reported + $431,435 related

  • Kathleen M Shields

    CFO

    Total calculated
    $237,319
    From this org
    $0
    From related orgs
    $216,717
    Other
    $20,602
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $214,217 related
    Bonus
    not reported + $2,500 related
    Other
    not reported
    Deferred
    not reported + $14,592 related
    Nontaxable benefits
    not reported + $6,010 related
    Filer's total
    not reported + $237,319 related

  • Jennifer Griveas

    VP of Legal

    Total calculated
    $227,318
    From this org
    $0
    From related orgs
    $197,151
    Other
    $30,167
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $180,551 related
    Bonus
    not reported + $16,600 related
    Other
    not reported
    Deferred
    not reported + $13,053 related
    Nontaxable benefits
    not reported + $17,114 related
    Filer's total
    not reported + $227,318 related

  • Michael Gray

    CIO

    Total calculated
    $137,322
    From this org
    $0
    From related orgs
    $128,836
    Other
    $8,486
    Hours/week
    0 + 40 related

  • Kimberly Hernandez

    VP of HR

    Total calculated
    $109,776
    From this org
    $0
    From related orgs
    $108,622
    Other
    $1,154
    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

  • Richard L Fox

    Trustee

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • Glenn S Krassen

    Secretary

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • Margaret Hartney

    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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $9,426,605
    Expenses
    $4,258,150
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $8,905,780
    Expenses
    $4,352,283
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $8,386,739
    Expenses
    $4,193,572
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $8,037,578
    Expenses
    $2,958,927
    Assets (EOY)
    $14,665,008

  • 2020 · 990

    Revenue
    $7,691,504
    Expenses
    $2,712,454
    Assets (EOY)
    $15,115,245

  • 2019 · 990

    Revenue
    $7,993,816
    Expenses
    $2,939,072
    Assets (EOY)
    $12,045,097

  • 2018 · 990

    Revenue
    $8,246,775
    Expenses
    $3,349,376
    Assets (EOY)
    $11,245,134

  • 2017 · 990

    Revenue
    $7,612,385
    Expenses
    $3,332,666
    Assets (EOY)
    $124,600,369

  • 2016 · 990

    Revenue
    $7,332,000
    Expenses
    $3,848,536
    Assets (EOY)
    $117,419,242

  • 2015 · 990

    Revenue
    $7,193,559
    Expenses
    $3,523,572
    Assets (EOY)
    $110,418,287

  • 2013 · 990

    Revenue
    $6,302,902
    Expenses
    $3,656,297
    Assets (EOY)
    $98,229,068

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $3,766,397
    Assets (EOY)
    $91,842,467

  • 2011 · 990

    Revenue
    not reported
    Expenses
    $3,538,687
    Assets (EOY)
    $86,280,268

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2022 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.