Overview
What is Cedar Place Inc?
Cedar Place Inc, established as an Iowa not-for-profit corporation, was founded with a mission to construct, manage, and operate a 50-unit apartment community, named Cedar Place, in Story City, Iowa. Initially, the community was financed through a direct loan provided by the Department of Housing and Urban Development under Section 202 of the National Housing Act. In 2008, the organization refinanced its initial HUD loan with Assisted Living Facility Revenue Bonds issued by Story City, Iowa. Cedar Place Inc's primary purpose is to provide affordable housing to the elderly and disabled individuals, contributing to the well-being of the community.
Official website here: www.bethanylife.org
What do the Facebook reviews say about Cedar Place Inc?
88% of the 20 reviewers on Facebook recommend Cedar Place Inc. Here is a summary of their reviews:
Many reviewers express a high level of satisfaction with the care provided at Cedar Place Inc, describing it as a wonderful facility that offers superior care. Comments highlighted the compassionate approach of the staff, noting that they treat residents and their families with warmth and respect, making them feel like part of a community.
Overall, the positive sentiment reflects a commitment to quality care and a supportive environment that resonates well with both residents and their families. Cedar Place Inc appears to fulfill its mission effectively, earning trust and appreciation from those it serves.
This AI summary has been generated from reviews found on Facebook.
Is Cedar Place Inc legitimate?
Cedar Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedar Place 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bethanylife.org
What is the mission statement of Cedar Place Inc?
Cedar Place Inc, as a not-for-profit organization, is committed to providing affordable housing solutions for the elderly and disabled individuals. This mission is carried out through the construction, management, and operation of housing communities. Initially, Cedar Place Inc was funded by a loan from the Department of Housing and Urban Development under Section 202 of the National Housing Act. In 2008, the organization refinanced its original loan with Assisted Living Facility Revenue Bonds issued by Story City, Iowa. The primary objective remains to ensure that elderly and disabled persons have access to affordable housing, thereby enhancing their quality of life.
Official website here: www.bethanylife.org
Who is the CEO of Cedar Place Inc?
Kim Schilling is the CEO of Cedar Place Inc The CEO's salary of Cedar Place Inc is $0 and their total compensation is $186,916.
Official website here: www.bethanylife.org
What is the revenue of Cedar Place Inc?
Cedar Place Inc's revenue in 2023 was $503,625.
Official website here: www.bethanylife.org
Who are the executives of Cedar Place Inc and what are their salaries?
There 45 volunteers at Cedar Place Inc.
Here are 11 key members and their salaries (Cedar Place Inc's CEO's salary is $0 and their total compensation is $186,916):
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- Related: $186,916
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Official website here: www.bethanylife.org
Where can I find the form 990 for Cedar Place Inc?
Cedar Place Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bethanylife.org
Learn more at the official website: www.bethanylife.org
Mission Statement of Cedar Place Inc
Cedar Place Inc, a not-for-profit corporation, is dedicated to providing affordable housing solutions for elderly and disabled individuals. Its mission is centered around constructing, owning, and operating residential communities that cater to this specific demographic. The organization's primary goal is to ensure that these individuals have access to comfortable living spaces that are within their financial means. This mission is carried out through the operation of facilities such as Cedar Place, a 50-unit apartment community located in Story City, Iowa. The organization initially financed this project with a direct loan from the Department of Housing and Urban Development under Section 202 of the National Housing Act. In 2008, Cedar Place Inc refinanced its original HUD loan with Assisted Living Facility Revenue Bonds issued by Story City, Iowa, demonstrating its commitment to providing sustainable housing solutions for its target population.
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Impact
October, 2024
Cedar Place Inc significantly impacts the community by providing affordable housing specifically tailored for elderly and disabled individuals. Located in Story City, Iowa, Cedar Place encompasses a well-designed 50-unit apartment community that caters to the unique needs of its residents. The organization plays a crucial role in enhancing the quality of life for vulnerable populations, ensuring they have access to safe and accessible living arrangements.
By utilizing funding through HUD and local revenue bonds, Cedar Place Inc is able to maintain its focus on affordability while also ensuring that residents have a supportive environment. The presence of such housing options not only alleviates the financial burden on elderly and disabled persons but also fosters a sense of community and belonging among residents. This focus on providing secure and affordable living spaces is vital in promoting independence and dignity for those who often face housing challenges. Overall, Cedar Place Inc is a key player in promoting human services and addressing the housing needs of some of the most vulnerable members of society.
This information is meant to be a general summary of Cedar Place 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 2023.
- Investment Income: $1,061
- Program Service Revenue: $242,977
- Gross Receipts: $503,625
Assets and Liabilities:
- Total Assets: $1,869,464
- Total Liabilities: $1,495,651
- Net Assets: $373,813
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$242,977
Organization Details
Founding Year
1981
Principal Officer
Kim Schilling
Website
www.bethanylife.orgNTEE Category
Code: P20 - Human services
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