Waterford At St Luke
- Assets
- $7.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- North Canton, OH
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 34-1719940
Organization Overview
Waterford At St Luke is located in North Canton, OH. The organization was established in 1987. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Waterford At St Luke is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Waterford At St Luke generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WATERFORD AT ST. LUKE PROVIDES FAITH-BASED SERVICES TO ENRICH THE LIVES OF OLDER ADULTS. INDEPENDENT LIVING FOR ADULTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE - INDEPENDENT LIVING FOR ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Diehl Chairperson | OfficerTrustee | 1 | $0 |
Robert Hessel Secretary/treasurer | OfficerTrustee | 1 | $0 |
Deborah Cramer Vice Chairperson | OfficerTrustee | 1 | $0 |
John Spieler CEO | Officer | 5 | $0 |
Joyce Mohler CFO | Officer | 5 | $0 |
Andrew Mcnulty Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,140,011 |
| Investment income | $72,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112,529 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,325,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $162,781 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,953 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,073 |
| Office expenses | $196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $265,527 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $91,930 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $215,236 |
| Insurance | $34,956 |
| All other expenses | $4,783 |
| Total functional expenses | $1,099,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $135,619 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $830 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,429 |
| Net Land, buildings, and equipment | $2,144,072 |
| Investments—publicly traded securities | $1,718,880 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,494 |
| Other assets | $3,078,796 |
| Total assets | $7,140,320 |
| Accounts payable and accrued expenses | $163,459 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,299,970 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $271,773 |
| Total liabilities | $3,735,202 |
| Net assets without donor restrictions | $3,405,118 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,140,320 |
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