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Fairbury Assisted Living Facility

Cedarwood

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 470841274 ✦ Fairbury, NE ✦ Designated as a 501(c)(3)

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Overview

What is Fairbury Assisted Living Facility?

The Fairbury Assisted Living Facility, identified as Cedarwood, is a 50-unit nonprofit organization situated in Fairbury, Nebraska. Established adjacent to Jefferson Community Health Center, Inc., a tax-exempt hospital under I.R.C. 501(C)(3), this facility aims to address a local need in the Fairbury area and enhance the existing continuum of health care services offered by the hospital. Cedarwood serves 63 residents annually, with 12 benefiting from the Medicaid Waiver Program. The facility's mission is to offer its tenants the highest standard of hospitality, services, activities, security, companionship, and freedom in a caring and loving environment that they are proud to call home. With a staff of 41 employees, Cedarwood provides services to the residents of Jefferson County.


Official website here: www.cedarwoodal.org/

What are the reviews and ratings of this charity?

Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)

Fairbury Assisted Living Facility has earned a 77% rating from Charity Navigator, reflecting a solid commitment to accountability and financial health. The rating is derived solely from the organization's performance in the Accountability & Finance category, indicating transparency and sound management practices. A key strength is the presence of a fully independent board, which demonstrates a commitment to governance and oversight.

The organization has also exhibited strong financial metrics, such as an impressive program expense ratio of 85.83%, suggesting that a significant portion of its funds is directed towards its core mission rather than administrative costs. Furthermore, there are no reported material diversions of assets, which underscores a high level of integrity in financial operations.

While the overall score is commendable, the rating reflects the organization's performance in just one specific area and does not encompass other potential metrics such as impact or community feedback. As such, while Fairbury Assisted Living Facility demonstrates strong financial accountability, stakeholders may want to consider additional factors when evaluating its overall effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Fairbury Assisted Living Facility legitimate?

Fairbury Assisted Living Facility is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairbury Assisted Living Facility 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: $802,336

For more financial information, click here


Official website here: www.cedarwoodal.org/

What is the mission statement of Fairbury Assisted Living Facility?

The Fairbury Assisted Living Facility's mission is centered around providing an exceptional living environment for its residents. They strive to offer top-notch hospitality, services, activities, security, companionship, and freedom, enabling tenants to take pride in calling the facility their home. Their services are designed to cater to the needs of their residents, fostering a caring and loving atmosphere. The facility's mission is driven by its commitment to upholding the highest standards of quality and care.


Official website here: www.cedarwoodal.org/

Who is the CEO of Fairbury Assisted Living Facility?

Chance Klasek is the Chairman of Fairbury Assisted Living Facility.


Official website here: www.cedarwoodal.org/

What is the revenue of Fairbury Assisted Living Facility?

Fairbury Assisted Living Facility's revenue in 2022 was $2,003,558.


Official website here: www.cedarwoodal.org/

Who are the executives of Fairbury Assisted Living Facility and what are their salaries?

The average compensation at Fairbury Assisted Living Facility during 2022 was $19,569. There are 41 employees and 6 volunteers at Fairbury Assisted Living Facility.


Here are 6 key members and their salaries:


Rick Stanton (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Reese (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chance Klasek (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Regina Bergh (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Ganyo (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Burke Kline (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cedarwoodal.org/

Where can I find the form 990 for Fairbury Assisted Living Facility?

Fairbury Assisted Living Facility's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cedarwoodal.org/

Learn more at the official website: www.cedarwoodal.org/

Mission Statement of Fairbury Assisted Living Facility

Fairbury Assisted Living Facility, a non-profit organization, is committed to providing its residents with an exceptional living environment. Their mission is to offer the highest quality of hospitality, services, activities, security, companionship, and freedom to its tenants in a caring and loving setting. The tenants are proud to call this facility their home. The facility's services are designed to meet the needs of the community in the Fairbury area, aiming to complement the health care services already available on the campus of Jefferson Community Health Center, Inc. The Fairbury Assisted Living Facility served 63 residents between October 2021 and September 2022, with twelve of them qualifying under the Medicaid Waiver Program. The facility provided a total of 16,082 days of care during this period.

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Impact




July, 2024

Fairbury Assisted Living Facility, operating under the name Cedarwood, has a significant impact on the community of Fairbury by providing high-quality hospitality, services, activities, security, companionship, and freedom to its tenants. By offering a caring and loving environment that residents are proud to call home, Cedarwood contributes to the well-being and quality of life of the individuals it serves. The facility serves an identifiable community need in the Fairbury area and complements the existing healthcare services available through Jefferson Community Health Center, Inc. Cedarwood served a total of 63 residents from October 2021 to September 2022, with 12 of these residents qualifying under the Medicaid waiver program. In total, Cedarwood provided 16,082 days of care during this period, showcasing its commitment to supporting the health and comfort of its residents.




This information is meant to be a general summary of Fairbury Assisted Living Facility. 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.

Revenue
$2,003,558 (2022)
Expenses
$2,045,278 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $44,641
  • Program Service Revenue: $1,942,841
  • Gross Receipts: $2,003,558

Assets and Liabilities:

  • Total Assets: $2,570,376
  • Total Liabilities: $307,356
  • Net Assets: $2,263,020

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RESIDENT REVENUE

Revenue

$1,652,308

MEDICAID PAYMENTS

Revenue

$285,741

RENTAL INCOME

Revenue

$4,792

Organization Details

Founding Year

2001

Principal Officer

Chance Klasek

Main Address

828 22ND STREET, FAIRBURY, NE, 68352

NTEE Category

Code: P75 - Human services

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