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OLMSTED HEALTH & SERVICES CORP

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Public IRS 990 nonprofit record

OLMSTED HEALTH & SERVICES CORP

EIN 34-1560247 · Human Services (P750)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $92.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders19 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

68.49%of revenue went to mission work92.5% of expenses · Program services
$74.05spent for every $100 of revenueRevenue covered expenses this year.
5.56%of revenue went to management and office costs7.5% of expenses
$0.44in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $49,757 for RICHARD M BOYSON JR (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$10,526,427
Mission workProgram services$7,209,94668.49% of revenue92.5% of expenses
ManagementOffice and general costs$585,2155.56% of revenue7.5% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$2,731,26625.95% of revenueShown in gray on the chart
Total expenses$7,795,16174.05% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 92.5% mission · 7.5% management · 0.0% fundraisingTotal expenses: 74.05% of revenue
2023Expense mix: 87.1% mission · 12.9% management · 0.0% fundraisingTotal expenses: 77.24% of revenue
2022Expense mix: 74.2% mission · 25.8% management · 0.0% fundraisingTotal expenses: 86.77% of revenue
2021Expense mix: 78.0% mission · 22.0% management · 0.0% fundraisingTotal expenses: 69.77% of revenue
2020Expense mix: 90.6% mission · 9.4% management · 0.0% fundraisingTotal expenses: 62.83% of revenue
2019Expense mix: 96.2% mission · 3.8% management · 0.0% fundraisingTotal expenses: 66.37% of revenue
2018Expense mix: 99.0% mission · 1.0% management · 0.0% fundraisingTotal expenses: 65.61% of revenue
2017Expense mix: 96.7% mission · 3.3% management · 0.0% fundraisingTotal expenses: 69.05% of revenue

Money in and money out

Revenue$10,526,427
Expenses$7,795,161
Annual surplus $2,731,266 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$7,209,946 · 92.5% of expenses
Management and office costs$585,215 · 7.5% of expenses
See all reported dollar amounts
Revenue$10,526,427
Expenses$7,795,161
Assets$3,435,018
Income$10,526,427
Mission work (program services)$7,209,946
Management and general$585,215
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
RICHARD M BOYSON JRPRESIDENT & CEO $49,757Base · Other $49,757
JENNIFER GRIVEASVP OF LEGAL $30,167Base · Other $30,167
KATHLEEN M SHIELDSCFO $20,602Base · Other $20,602
MICHAEL GRAYCIO $8,486Base · Other $8,486
KIMBERLY HERNANDEZVP OF HR $1,154Base · Other $1,154

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (19)

RICHARD M BOYSON JRPRESIDENT & CEO

JENNIFER GRIVEASVP OF LEGAL

KATHLEEN M SHIELDSCFO

MICHAEL GRAYCIO

KIMBERLY HERNANDEZVP OF HR

MARGARET HARTNEYTRUSTEE

TERRIE SHROCKTRUSTEE

SHERYL L SEREDATRUSTEE

RICK WEIGLE JRTRUSTEE

RICHARD L FOXTRUSTEE

RICHARD L FLETCHERTRUSTEE

PATRICIA M SCANLONTRUSTEE

MARGARET G WEITZELCHAIR

ALAYNE J FODORTRUSTEE

JOHN P STONERTRUSTEE

JAMES ROGERSONTRUSTEE

HILTON YOUNGTRUSTEE

GLENN S KRASSENSECRETARY

ALLEN R TRACYTREASURER

About this charity

Recognized since
January 1988
Location
26376 JOHN ROAD, OLMSTED TOWNSHIP, OH 44138-1277
County
Cuyahoga
In care of
Kathleen Shields
Primary officer
Kathleen Shields, CFO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
NTEE classification
Human Services (P750)
IRS tax category
Continuing Care Retirement Communities

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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