NonprofitsLaurel Lake Retirement Community Inc

Arts, Culture & Humanities

Laurel Lake Retirement Community Inc

HUDSON, OH

Total revenue

$28.3M

Total expenses

$26.3M

Net assets

$28.3M

Grants received

$2.4M

11 grants

EIN

341481142

Tax year

2024

Mission

A retirement community of choice for adults who aspire to lead lives filled with meaning, purpose, and lifelong opportunities for growth and service.

Programs

2 programs

Provide skilled nursing long-term care for residents to include housing, meals, environmental services, and activities. Total of 22,519 resident days and an avergage of 62 residents per day.

Expenses: $5.3M

Provide assisted living long-term care, including memory care services, for residents to include: housing, meals, environmental services, and activities. Total of 12,287 resident days and an average of 34 residents per day.

Expenses: $1.0M

Financials

FY 2024

Revenue

Contributions & grants$1.1M
Program service revenue$26.2M
Investment income$876K
Other revenue$150K
Total revenue$28.3M

Expenses

Grants paid
Salaries & benefits$11.0M
Fundraising$230K
Other expenses$15.2M
Total expenses$26.3M
Total assets$99.1M
Net assets$28.3M

People

17 listed

NameRoleCompensation

DAVID OSTER

CEO

Board

$378K

40 hrs/wk

MADELINE FREEMAN

CFO

Board

$167K

40 hrs/wk

DALE LEPPO

RESIDENT TRUSTEE

Board

1 hrs/wk

LIZ MURPHY

TRUSTEE

Board

1 hrs/wk

WILLIAM YOUNG

CHAIRMAN

Board

1 hrs/wk

JOSEPH SELDEN

TRUSTEE

Board

1 hrs/wk

WILLIAM WOOLDREDGE

RESIDENT TRUSTEE

Board

1 hrs/wk

GREGORY NAPLES

TRUSTEE

Board

1 hrs/wk

PAT BLAKE

TREASURER

Board

1 hrs/wk

STEPHANIE FALLCREEK

SECRETARY

Board

1 hrs/wk

HARRY ALBRECHT

TRUSTEE

Board

1 hrs/wk

MICHAEL BIRD

TRUSTEE

Board

1 hrs/wk

JEFFREY DUNLAP

TRUSTEE

Board

1 hrs/wk

LISA MITCHELL

DIRECTOR-HR&ASSISTED LIVING

Staff

$121K

40 hrs/wk

DENISE DISCIPIO

DIRECTOR-CLINICAL SERVICES

Staff

$115K

40 hrs/wk

ANDREW LOVANO

DIRECTOR-CROWN CENTER

Staff

$112K

40 hrs/wk

DONNA ANDERSON

DIRECTOR-MARKETING

Staff

$103K

40 hrs/wk

Independent contractors

TED KNIGHT & SONS CONSTRUCTION

CONSTRUCTION

$900K

AMERICAN MEDICAL PERSONNEL

STAFFING SERVICES-NURSING

$623K

INTELYCARE INC

STAFFING SERVICES-NURSING

$541K

SHIFTMED LLC

STAFFING SERVICES-NURSING

$281K

TIM'S PRESSURE CLEANING AND PAINTING

PAINTING SERVICES

$203K

Grants received

Showing 11 of 11

FromAmountPurposeYear
$281K
EMPLOYEE RECOGNITION. The membership of the Association consists only of all residents of Laurel Lake Retirement Community, Inc. (LLRC), a continuing care retirement community, who have paid their entrance fee to LLRC. LLRC prohibits all its employees and staff from accepting any gratuity from residents. In order to acknowledge and express their appreciation for services received, the Association conducts a fund-raising event among only its members and delivers all funds collected to LLRC for distribution to all employees and staff except LLRC's CEO and those senior managers who report directly to the CEO. Approximately 202 employees received a minimum payment (before taxes) of $51 up to a maximum of approximately $2,160, allocated based on hours worked. Approximately 83% of all residents contributed.
2024
$250K
ENRICHMENT PROGRAMS FOR RESIDENTS
2024
$267K
The membership of the Association consists only of the residents of Laurel Lake Retirement Community, Inc (LLRC), a continuing care retirement community.who have paid their entrance fee to LLRC. LLRC prohibits all its employees and staff from accepting any gratuity from residents. In order to acknowledge and express their appreciation for services received, the Association conducts a fund-raising event among only its members and delivers all funds collected to LLRC for distribution to all employees and staff except LLRC's CEO and those senior managers who report directly to the CEO. Approximately 200 employees received a minimum payment of $58 Up to a maximum of approximately $2,100, allocated based on hours worked. Approximately 83% of all residents contributed.
2023
$167K
ENRICHMENT PROGRAMS FOR RESIDENTS
2023
$110K
Various enrichment programs for residents
2022
$266K
The membership of the Association consists only of all residents of Laurel Lake Retirement Community, Inc. (LLRC), a continuing care retirement community, who have paid their entrance fee to LLRC. LLRC prohibits all its employees and staff from accepting any gratuity from residents. In order to acknowledge and express their appreciation for services received, the Association conducts a fund-raising event among only its members and delivers all funds collected to LLRC for distribution to all employees and staff except LLRC's CEO and those senior managers who report directly to the CEO. Approximately 237 employees received a minimum payment (before taxes) of $58 up to a maximum of approximately $2,024, allocated based on hours worked. Approximately 86% of all residents contributed.
2021
$95K
FUND RETIREMENT COMMUNITY PROGRAMS
2020

Funded by

$2.4M from 2 funders · 11 grants · 2018–2024

Details

EIN341481142
NTEE codeA6B
Subsection03
Ruling date1985-12
Formed1989
Employees310
Volunteers20
LAUREL LAKE RETIREMENT COMMUNITY INC — Mission, Financials & Grants Received | Grantivo