Light of Hearts Villa Inc
Nonprofit profile at a glance
- EIN
- 341619270
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Bedford, OH, USA
- Phone
- 4402321991
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Nonmonetary Support N.E.C.
Reported finances
- Revenue
- $5,047,218
- Expenses
- $5,666,433
- Assets
- $6,018,489
- Liabilities
- $951,300
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- BREANNE CAVILEER (EXECUTIVE DIRECTOR)
Highest reported compensation
- MELISSA ROGERS (DIRECTOR): $415,705 total reported compensation
- BREANNE CAVILEER (EXECUTIVE DIRECTOR): $135,510 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We are devoted to providing premier residential living and community outreach services. Through our faith-based values, we affirm the integrity of each person and encourage them on their journey of aging.
What it reported doing in 2024
Light of hearts villa (the villa) is a retirement community providing assisted living and memory care services in bedford Ohio. In 2024 the villa provided 28,098 assisted living care days. The villa also provides a variety of food and social services to those in the surrounding community.
Operating model
- Revenue model
- Other-operating. 92% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 58
- Accountability: 96
- Sustainability: 32
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.6%; rating input score 93
- Program expense ratio: 82.1%; rating input score 82
- Fundraising efficiency: $2.88 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 92.9%; rating input score 93; 23rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -12.3%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 1.06; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 1.6%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 1.9% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: -3.3% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 92.6% of revenue deployed · 82.1% of spending went to programs
- Governance: 13 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $4.7M in reported program spending
- Leadership: top reported pay $416K · 15 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $125K reported
- Consistency: 33 of 35 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Related organizations: 16 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 8/100.
- High — Sustainability: Operating margin scored 11/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.