Civic Intelligence

Veranova Health

EIN 84-3198821 • 501(c)3 • Cleveland, OH

Profile

Promotion and provision of health care for women, men and children of all ages in accordance with the ethical and religious directives for catholic healthcare issued by the united states conference of catholic bishops

21887 Lorain Rd Pmb 241Cleveland, OH 44126

www.veranovahealth.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.24x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

88th percentile

0.25x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

95th percentile

78%

Higher net margin than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

Up

$279,982

Up $10,005 (+3.7%) from 2023

Liabilities

Up

$96,053

Up $26,586 (+38%) from 2023

Net Assets

Down

$183,929

Down $16,581 (-8.3%) from 2023

Revenue

Up

$688,011

Up $164,065 (+31%) from 2023

Expenses

Up

$704,592

Up $160,260 (+29%) from 2023

Net Income

Up

-$16,581

Up $3,805 (+19%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2022: $292,000Liabilities 2022: $71,104Net Assets 2022: $220,8962022Assets 2023: $269,977Liabilities 2023: $69,467Net Assets 2023: $200,5102023Assets 2024: $279,982Liabilities 2024: $96,053Net Assets 2024: $183,9292024

Highlighted filing

2024

Assets$279,982
Liabilities$96,053
Net Assets$183,929

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2022: $283,521Expenses 2022: $61,755Net Income 2022: $221,7662022Revenue 2023: $523,946Expenses 2023: $544,332Net Income 2023: -$20,3862023Revenue 2024: $688,011Expenses 2024: $704,592Net Income 2024: -$16,5812024

Highlighted filing

2024

Revenue$688,011
Expenses$704,592
Net Income-$16,581

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 26, 2026
Return Version
2024v5.1
Gross Receipts
$697,332
Mission and Program Overview

Mission

Promotion and provision of health care for women, men and children of all ages in accordance with the ethical and religious directives for catholic healthcare issued by the united states conference of catholic bishops

Establishing state of the art women and family health center that specializes in the highest standards of obstetrics gynecology infertility,nutrition and adolescent health through evidence based natural methods of care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$208,798$206,984▼ $1,814
Rtn Earn Endowment Incm Other Fnds$200,510$183,929▼ $16,581
Accounts Receivable$17,615$43,822▲ $26,207
Savings and Temporary Cash Investments$19,668$11,681▼ $7,987
Inventories for Sale or Use$9,442$9,419▼ $23
Cash and Non-Interest-Bearing Accounts$3,814$2,453▼ $1,361
Prepaid Expenses and Deferred Charges$4,470$1,848▼ $2,622
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$269,977$279,982▲ $10,005
Other Assets Total$6,170$3,775▼ $2,395
Liabilities
Other Liabilities$65,285$85,003▲ $19,718
Accounts Payable and Accrued Expenses$3,698$11,050▲ $7,352
Unsecured Notes Loans Payable$484$0▼ $484
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$69,467$96,053▲ $26,586
Net Assets / Fund Balance
Total Net Assets Fund Balance$200,510$183,929▼ $16,581
Total Liabilities and Net Assets / Fund Balance$269,977$279,982▲ $10,005

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$94,347$46,292$140,639
Leasehold Improvements$111,438$11,315$122,753
Other Land Buildings$1,199$2,800$3,999
Compensation and Service Providers

Board Members and Trustees

NameTitle
Timothy JakubisinPresident
Jessica DavidsonVice President
Carolyn AppersonDirector
Jack BurnhamDirector
Mark SmithDirector
Mary Ellen JakubisinDirector
Matt MullerDirector
Dr Maggie MussoSecretary
Mathew SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$468,177
Program Service Revenue
$222,760
Investment Income
$10
Other Revenue
$-2,936
All Other Contributions
$292,075
Change in Net Assets
$-16,581
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$466,295
Other Expenses$238,297
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$396,393$28,198$0$424,591
Insurance$80,112$1,555$0$81,667
Payroll Taxes$34,930$2,512$0$37,442
Occupancy$29,573$7,393$0$36,966
Depreciation Depletion$29,095$3,394$0$32,489
Information Technology$23,436$4,884$0$28,320
Advertising$24,345$0$0$24,345
Fees for Services Management$7,014$0$0$7,014
Other Employee Benefits$4,262$0$0$4,262
Other Expenses$1,822$873$0$2,695
All Other Expenses$1,935$758$0$2,693
Fees for Services Accounting$0$1,620$0$1,620
Fees for Services Other$1,136$0$0$1,136
Interest$820$0$0$820
Fees for Services Legal$0$250$0$250
Total Functional Expenses$653,155$51,437$0$704,592
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,321
Fundraising Gross Income$6,316
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit$75,803$6,316$643$5,673
Event 2$0$0$0$0
Total Events$75,803$6,316$9,321$-3,005
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Professional Liability Insurance Tail$60,606
Landlord Contract Payable for Leasehold Improvements$18,667
Interco - Fresnel Shores$5,730
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI, Line 2

The founders timothy jakubisin and mary ellen jakubisin are married to each other and both serve on the board as directors of the corporation.

Part VI, Line 7B

The Sole Member Fresnel Shores FEIN 83-2917524 shall be entitled to one vote on each matter reserved to the Membership in this Code of Regulations. More specifically the approval of the Member shall be required for the following actions of the Corporation. 4.3 Member-Approved Corporate Actions The Member must approve the following corporate actions: a Appointment and number of Directors to the Corporations Board of Directors; b Removal of Directors to the Corporations Board of Directors; c The approval of the Corporations annual operating budget; d The lease sale exchange transfer or other disposition of all or substantially all of the assets with or without the goodwill of the Corporation; e Entering into a contract or agreement in a dollar amount exceeding five-hundred thousand dollars $500,000.00; f The creation of subsidiary corporations; g Any amendments to the Articles of Incorporation or this Code of Regulations; h Any merger dissolution or liquidation of the Corporation; i The filing of a bankruptcy action or an assignment of the Corporations assets for the benefit of the creditors of the Corporation; or j Any act which would make it impossible to carry on the business of the Corporation including any disposition of the goodwill of the Corporation.

Part VI, Line 11A

A final version of the form 990 is provided to the directors by email and comments solicited.

Part VI, Line 19

There were no requests for the governing documents conflict of interest policy or financial statements made by the general public during the tax year. They are available upon request.

Filing and Contact Details

Filer

Filer Name
Veranova Health
EIN
84-3198821
Phone
4405271070
Address
21887 LORAIN RD PMB 241, CLEVELAND, OH 44126

Signing Officer

Name
Timothy Jakubisin
Title
Board President
Phone
4407322173
Signed
2026-03-26

Organization Details

Principal Officer
Timothy Jakubsin
Formed
2019
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
8
Employees
11
Volunteers
40
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