Nonprofit · EIN 34-1560249
OLMSTED RESIDENCE CORPORATION
Tax-exempt · OLMSTED TOWNSHIP, OH 44138
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,426,605 | $4,258,150 | $5,168,455 | $13,978,277 | $370,325 | $13,607,952 |
| June 30, 2024 | 990 | $8,905,780 | $4,352,283 | $4,553,497 | $14,068,043 | $166,559 | $13,901,484 |
| June 30, 2023 | 990 | $8,386,739 | $4,193,572 | $4,193,167 | $13,937,996 | $73,244 | $13,864,752 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,421,299
- Investment income
- $0
- Other revenue
- $5,306
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $722,656
- Salaries, compensation and benefits (total)
- $722,656
- Professional fundraising fees
- $0
- Occupancy
- $172,816
- Depreciation
- $1,520,239
- Program services (functional)
- $4,065,218
- Management and general (functional)
- $192,932
Balance sheet and other
- Total assets, start of year
- $14,068,043
- Total assets, end of year
- $13,978,277
- Total liabilities, end of year
- $370,325
- Net assets, end of year
- $13,607,952
- Land, buildings and equipment
- $13,893,766
- Net assets without donor restrictions
- $13,607,952
- Gross receipts
- $9,426,605
- Employees
- 0
- Volunteers
- 103
- Year formed
- 1987
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Richard M Boyson Jr | President & CEO Trustee or director, Officer | 0 | $0 | $381,678 | $49,757 |
| Kathleen M Shields | CFO Officer | 0 | $0 | $216,717 | $20,602 |
| Jennifer Griveas | VP of Legal Officer | 0 | $0 | $197,151 | $30,167 |
| Michael Gray | CIO Officer | 0 | $0 | $128,836 | $8,486 |
| Kimberly Hernandez | VP of HR Officer | 0 | $0 | $108,622 | $1,154 |
| Richard L Fletcher | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Alayne J Fodor | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Richard L Fox | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Glenn S Krassen | Secretary Trustee or director | 0 | $0 | $0 | $0 |
| Margaret Hartney | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| James Rogerson | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Patricia M Scanlon | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Sheryl L Sereda | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Terrie Shrock | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| John P Stoner | Trustee Trustee or director | 0 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Allen R Tracy | Treasurer Trustee or director | 0 | $0 |
| Rick Weigle Jr | Trustee Trustee or director | 0 | $0 |
| Margaret G Weitzel | Chair Trustee or director | 0 | $0 |
| Hilton Young | Trustee Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Richard M Boyson Jr | President & CEO Trustee or director, Officer | 0 | $0 | $397,074 | $40,532 |
| Kathleen M Shields | CFO Officer | 0 | $0 | $206,879 | $6,308 |
| Jennifer Griveas | VP of Legal Officer | 0 | $0 | $172,032 | $15,453 |
| Michael Gray | CIO Officer | 0 | $0 | $135,762 | $1,466 |
| Richard L Fletcher | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Alayne J Fodor | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Richard L Fox | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Glenn S Krassen | Secretary Trustee or director | 0 | $0 | $0 | $0 |
| Margaret Hartney | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Michele Messina | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| James Rogerson | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Patricia M Scanlon | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Sheryl L Sereda | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Terrie Shrock | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| John P Stoner | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Allen R Tracy | Treasurer Trustee or director | 0 | $0 | $0 | $0 |
| Rick Weigle Jr | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Margaret G Weitzel | Chair Trustee or director | 0 | $0 | $0 | $0 |
| Hilton Young | Trustee Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Richard M Boyson Jr | President & CEO Trustee or director, Officer | 0 | $0 | $327,029 | $42,466 |
| Kathleen M Shields | CFO Officer | 0 | $0 | $200,734 | $4,385 |
| Jennifer Griveas | VP of Legal Officer | 0 | $0 | $160,097 | $7,281 |
| Sheryl Sereda | CAO | 0 | $0 | $151,148 | $7,218 |
| Michael Gray | CIO Officer | 0 | $0 | $130,974 | $1,631 |
| Richard L Fletcher | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Alayne J Fodor | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Glenn S Krassen | Secretary Trustee or director | 0 | $0 | $0 | $0 |
| Brendan Lawlor | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Michelle R Messina | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Richard L Fox | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| James Rogerson | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Patricia M Scanlon | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Terrie Tenk Shrock | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Allen R Tracy | Treasurer Trustee or director | 0 | $0 | $0 | $0 |
| Rick J Weigle | Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Margaret G Weitzel | Chair Trustee or director | 0 | $0 | $0 | $0 |
| Hilton Young | Trustee Trustee or director | 0 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 26376 JOHN ROAD, OLMSTED TOWNSHIP, OH 44138-1277
- Principal officer (990 for 2024)
- Richard M Boyson Jr, 26376 John Road, Olmsted Township, OH 44138
- Signed the 990
- Kathleen Shields, CFO
- Phone
- (440) 540-4700
- Website
- www.elizajennings.org
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.
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1560249
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $13,978,277
- Income (IRS master file)
- $9,426,605
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,426,605 | $4,258,150 | $13,978,277 | IRS |
| 990 | June 2024 | $8,905,780 | $4,352,283 | $14,068,043 | IRS |
| 990 | June 2023 | $8,386,739 | $4,193,572 | $13,937,996 | XML |
| 990 | June 2022 | $8,037,578 | $2,958,927 | $14,665,008 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1560249).
Questions about OLMSTED RESIDENCE CORPORATION
- What is the EIN of OLMSTED RESIDENCE CORPORATION?
- The employer identification number (EIN) of OLMSTED RESIDENCE CORPORATION is 34-1560249.
- Is OLMSTED RESIDENCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to OLMSTED RESIDENCE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLMSTED RESIDENCE CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OLMSTED RESIDENCE CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OLMSTED RESIDENCE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of OLMSTED RESIDENCE CORPORATION?
- The 990 for the year ended June 30, 2025 names Richard M Boyson Jr.
- Who are the officers and directors of OLMSTED RESIDENCE CORPORATION?
- The 990 for the year ended June 30, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does OLMSTED RESIDENCE CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,426,605, expenses of $4,258,150 and total assets of $13,978,277 at year end.
Other nonprofits in OLMSTED TOWNSHIP
- OLMSTED HEALTH AND SERVICES CORPORATION EIN 34-1560247 · last filed 990 for 2025
- OLMSTED ASSISTED LIVING CORPORATION EIN 34-1833994 · last filed 990 for 2025
- JENNASIS SPEAKS EIN 86-3837342 · last filed 990-N for 2024
- GOOD SAMARITAN PROJECT EIN 92-3305427 · last filed 990-N for 2024