Overview
What is Cedar Development Inc?
Cedar Development Inc is a nonprofit organization headquartered in Akron, Ohio, with a specific focus on providing affordable housing and essential facilities for elderly and low-income families and individuals. Established with a mission to operate on a non-profit basis, the organization offers a range of services to cater to their target demographic's needs. With a dedicated workforce of six employees, Cedar Development Inc strives to make a positive impact in its community by offering housing solutions and related services.
Is Cedar Development Inc legitimate?
Cedar Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedar Development 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: $48,309
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,922
For more financial information, click here
What is the mission statement of Cedar Development Inc?
Cedar Development Inc is committed to providing housing and related facilities and services for the elderly and low-income families and individuals on a non-profit basis. Their mission is to contribute to the well-being and housing needs of this specific demographic, operating with a focus on charitable intentions. By offering these essential services, Cedar Development Inc aims to support these individuals in maintaining a dignified living standard. The organization's activities are centered around providing affordable housing solutions and associated facilities, all while operating on a not-for-profit basis.
Who is the CEO of Cedar Development Inc?
Gary Hagen is the President of Cedar Development Inc.
What is the revenue of Cedar Development Inc?
Cedar Development Inc's revenue in 2022 was $364,255.
Who are the executives of Cedar Development Inc and what are their salaries?
The average compensation at Cedar Development Inc during 2022 was $23,372. There are 6 employees at Cedar Development Inc.
Here are 6 key members and their salaries:
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- Compensation: $66,000
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- Other: $0
Where can I find the form 990 for Cedar Development Inc?
Cedar Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cedar Development Inc
Cedar Development Inc, as a non-profit organization, is committed to providing housing and related facilities and services for the elderly and low-income families and individuals. Their mission is to ensure that these vulnerable groups have access to necessary living spaces on a charitable basis. By offering housing and related services, Cedar Development Inc aims to contribute positively to the well-being and comfort of these individuals, enabling them to live with dignity and security.
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Impact
October, 2024
Cedar Development Inc plays a crucial role in improving the quality of life for elderly and low-income families in Akron, Ohio. By focusing on providing affordable housing and related facilities, the organization addresses a vital need within the community, helping to create stable living environments for vulnerable populations.
Through its services, Cedar Development Inc not only secures housing but also fosters a sense of community among residents, promoting social interaction and support networks among individuals who may otherwise face isolation. The organization’s efforts contribute to enhanced well-being and independence for elderly individuals, while also alleviating some of the economic pressures faced by low-income families.
Overall, Cedar Development Inc is instrumental in advancing social equity and community resilience by ensuring that essential housing needs are met, enabling individuals and families to thrive in a supportive environment.
This information is meant to be a general summary of Cedar Development 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: $17,992
- Program Service Revenue: $338,037
- Gross Receipts: $364,255
Assets and Liabilities:
- Total Assets: $1,954,695
- Total Liabilities: $69,547
- Net Assets: $1,885,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$291,506
MANAGEMENT FEES
Revenue
$40,120
OTHER INCOME
Revenue
$6,411
Organization Details
Founding Year
1974
Phone
(330) 253-8178Principal Officer
Gary Hagen
Main Address
201 WEST CHESTNUT STREET, AKRON, OH, 44307
NTEE Category
Code: L20Z - Housing
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