Edgewater Place Inc
- Assets
- $8.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 54
- Location
- Plain City, OH
- Founding
- 03/2019
- Data as of
- 06/2021
- EIN
- 82-3596152
Organization Overview
Edgewater Place Inc is located in Plain City, OH. The organization was established in 2019. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2021, Edgewater Place Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edgewater Place Inc 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 06/2021, Edgewater Place Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. 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
EDGEWATER PLACE, INC. IS A NON-PROFIT ASSISTED LIVING COMMUNITY, LOCATED IN PLAIN CITY, OHIO. IT SERVES RESIDENTS IN THE CENTRAL OHIO AREA, INCLUDING NEARBY DUBLIN, DELAWARE, HILLIARD, LONDON, POWELL, WESTERVILLE AND MARYSVILLE. IT IS AFFILIATED WITH GREENCROFT RETIREMENT COMMUNITIES, INC., ("GRC") A 501(C)(3) ORGANIZATION. THE FOCUS OF EDGEWATER PLACE IS TO PROVIDE HOUSING, ASSISTED LIVING, AND CARE TO THE ELDERLY ON A NON-PROFIT BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDGEWATER PLACE IS A FIFTY-SIX (56) UNIT ASSISTED LIVING BUILDING. WE HAVE A COMMON DINING ROOM THAT PROVIDES THREE MEALS A DAY TO OUR RESIDENTS. THERE ARE SEVERAL COMMON SPACES FOR RESIDENTS TO USE INCLUDING: AN ACTIVITY ROOM, OUTSIDE PORCHES, LAUNDRY ROOMS, COMMON GATHERING ROOMS, ETC. WE ARE LICENSED TO SERVE 80 RESIDENTS. OUR ROOMS CAN BE SINGLE OCCUPANCY OR DOUBLE OCCUPANCY, IF A MARRIED COUPLE. WE HAVE 41 RESIDENTS LIVING IN OUR COMMUNITY AS OF JULY, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Weaver Vice Chair | OfficerTrustee | 1 | $0 |
Amy Floria Chair | OfficerTrustee | 1 | $0 |
Rydell Bontrager Secretary | Officer | 1 | $0 |
Scott Martin Treasurer | Officer | 1 | $0 |
Aimee Riemke Assistant Secretary | Officer | 0.2 | $0 |
Sandra Harris President | Officer | 39 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Staffing Network Agency Staffing Services | 6/29/21 | $151,353 |
Wise Medical Staffing Inc Agency Staffing Services | 6/29/21 | $102,757 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $135,000 |
| Government grants | $90,341 |
| 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 | $225,341 |
| Total Program Service Revenue | $2,286,495 |
| Investment income | $8,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$335 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,534,546 |
| 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 | $1,308,217 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,502 |
| Payroll taxes | $7,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $531 |
| Fees for services: Accounting | $17,394 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,259 |
| Advertising and promotion | $75,473 |
| Office expenses | $146,951 |
| Information technology | $22,606 |
| Royalties | $0 |
| Occupancy | $68,795 |
| Travel | $2,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $283,882 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257,428 |
| Insurance | $26,758 |
| All other expenses | $17,262 |
| Total functional expenses | $2,464,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,295 |
| Savings and temporary cash investments | $1,346,906 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,084 |
| 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 | $406 |
| Net Land, buildings, and equipment | $6,754,691 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,680 |
| Total assets | $8,214,062 |
| Accounts payable and accrued expenses | $154,536 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,295,407 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,495,320 |
| Total liabilities | $6,945,263 |
| Net assets without donor restrictions | $1,268,799 |
| 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 | $8,214,062 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Edgewater Place Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Greencroft Retirement Communities Inc Goshen, IN PURPOSE: COMMUNITY SUPPORT | $30,000 |
Greencroft Retirement Communities Inc Goshen, IN PURPOSE: COMMUNITY SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Evergreens Fort Washington, PA | $100,353,926 | $21,284,774 |
Sunset Retirement Communities Inc Toledo, OH | $108,190,573 | $24,563,176 |
Brethren Retirement Community Greenville, OH | $42,948,048 | $21,022,668 |
Artman Lutheran Home Ambler, PA | $58,762,001 | $19,567,052 |
Presbyterian Homes And Services Of Ky Inc Louisville, KY | $21,197,492 | $21,992,512 |
Friendship Village Of Columbus Ohio Inc Columbus, OH | $29,113,635 | $19,234,809 |
Trinity Continuing Care Services Indiana Inc Farmington Hills, MI | $52,731,208 | $17,209,435 |
Swiss Village Inc Berne, IN | $36,821,357 | $17,319,920 |
South Franklin Circle Chagrin Falls, OH | $119,628,647 | $17,611,481 |
Bethlen Home Of The Hungarian Reformed Federation Of America Ligonier, PA | $24,911,659 | $19,095,488 |
Franklin United Methodist Home Inc Franklin, IN | $75,232,007 | $21,825,584 |
Evangelical Services For The Aging Warminster, PA | $46,788,382 | $16,687,453 |