Overview
What is Cedar Lane Senior Living Community I Inc?
Cedar Lane Senior Living Community I Inc., established in 1971, is a nonprofit organization located in Leonardtown, Maryland. Its primary purpose is to construct and operate housing facilities, specifically 114 units, catering to elderly and disabled adults within the area. The organization's mission is centered around enabling residents to age with dignity, independence, and a high quality of life. To that end, they provide essential customer services and housing solutions to the elderly population in Leonardtown, Maryland. The nonprofit employs a team of 42 individuals, working tirelessly to fulfill its mission. By offering a supportive and inclusive living environment, Cedar Lane Senior Living Community I Inc. aims to contribute positively to the lives of its residents, ensuring they can age comfortably and with a sense of purpose.
Official website here: www.cedar-lane.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating.
Cedar Lane Senior Living Community I Inc has earned a solid three-star rating from Charity Navigator, indicating a favorable performance in terms of accountability and finance. The organization scored particularly well in areas such as governance, with 90% of its board members being independent and an effective audit and oversight committee, reflecting a strong commitment to transparency and ethical practices.
The financial health of Cedar Lane is demonstrated by a high program expense ratio of 98.27%, suggesting that nearly all of its expenditures are directed toward its charitable programs. However, the liabilities to assets ratio stands at 59.66%, which indicates that while the organization is functioning well financially, there is room for improvement in managing its liabilities compared to its assets.
Overall, Cedar Lane Senior Living Community I Inc shows a robust structure and governance that supports its mission. The organization has established sound policies such as conflict of interest and whistleblower protections, enhancing its accountability. Nevertheless, stakeholders might want to keep an eye on its financial ratios to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Cedar Lane Senior Living Community I Inc legitimate?
Cedar Lane Senior Living Community I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedar Lane Senior Living Community I Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $160,114
Professional Fundraising Fees: $0
Other Salaries and Wages: $535,445
For more financial information, click here
Official website here: www.cedar-lane.org
What is the mission statement of Cedar Lane Senior Living Community I Inc?
The mission of Cedar Lane Senior Living Community I Inc. is centered around providing elderly and disabled adults with dignified, independent, and high-quality living experiences. Established in 1971, the community's primary objective is to construct and operate rental housing facilities, offering 114 units in Leonardtown, Maryland. The organization strives to support its residents as they age, ensuring they maintain their dignity and independence while enjoying a satisfactory quality of life.
Official website here: www.cedar-lane.org
Who is the CEO of Cedar Lane Senior Living Community I Inc?
Eric Golden is the President & Ceo, Director of Cedar Lane Senior Living Community I Inc. The CEO's salary of Cedar Lane Senior Living Community I Inc is $81,940 and their total compensation is $153,945.
Official website here: www.cedar-lane.org
What is the revenue of Cedar Lane Senior Living Community I Inc?
Cedar Lane Senior Living Community I Inc's revenue in 2022 was $1,667,041.
Official website here: www.cedar-lane.org
Who are the executives of Cedar Lane Senior Living Community I Inc and what are their salaries?
The average compensation at Cedar Lane Senior Living Community I Inc during 2022 was $16,561. There are 42 employees and 18 volunteers at Cedar Lane Senior Living Community I Inc.
Here are 15 key members and their salaries (Cedar Lane Senior Living Community I Inc's CEO's salary is $81,940 and their total compensation is $153,945):
- Compensation: $81,940
- Related: $58,369
- Other: $13,636
- Compensation: $60,944
- Related: $43,412
- Other: $15,868
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Official website here: www.cedar-lane.org
Where can I find the form 990 for Cedar Lane Senior Living Community I Inc?
Cedar Lane Senior Living Community I Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cedar-lane.org
Learn more at the official website: www.cedar-lane.org
Mission Statement of Cedar Lane Senior Living Community I Inc
Cedar Lane Senior Living Community I Inc is committed to assisting elderly and disabled adults in achieving their goal of aging with dignity, independence, and quality of life. Established in 1971, this organization constructs and operates rental housing facilities in Leonardtown, Maryland, housing 114 units specifically designed for this demographic. The mission of Cedar Lane Senior Living Community I Inc goes beyond providing housing; it aims to create an environment where its residents can live with the utmost respect and autonomy, ensuring they maintain their well-being and happiness during their golden years.
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Impact
October, 2024
Cedar Lane Senior Living Community I Inc significantly enhances the quality of life for elderly and disabled adults in Leonardtown, Maryland. By providing 114 rental housing units, this community fosters an environment where residents can age with dignity and maintain their independence. The focus on customer service ensures that the specific needs of the elderly population are met, contributing to their overall well-being.
The community serves as a vital resource, enabling residents to find secure and supportive living arrangements while promoting a sense of belonging and community. By prioritizing the dignity and quality of life of its residents, Cedar Lane not only creates a safe space for the elderly but also empowers them to live fulfilling lives.
This information is meant to be a general summary of Cedar Lane Senior Living Community I Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $816
- Program Service Revenue: $677,230
- Gross Receipts: $1,667,041
Assets and Liabilities:
- Total Assets: $5,121,243
- Total Liabilities: $3,055,827
- Net Assets: $2,065,416
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$677,230
Organization Details
Founding Year
1971
Phone
(301) 475-8966Principal Officer
Eric Golden
Main Address
22680 CEDAR LANE COURT, LEONARDTOWN, MD, 20650
Website
www.cedar-lane.orgNTEE Category
Code: L22 - Housing
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