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Cedar Lake Village Inc

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

EIN: 481209650 ✦ Sioux falls, SD ✦ Designated as a 501(c)(3)

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Overview

What is Cedar Lake Village Inc?

Cedar Lake Village Inc is a nonprofit organization situated in Sioux Falls, South Dakota. Their primary focus is on enhancing the quality of life for older persons and those in need. In 2022, they provided 20,535 assisted living resident days, 38,586 senior housing resident days, and 8,411 skilled nursing resident days. They offer a range of housing, programs, and services tailored to the elderly population and others in need. Their mission is to improve the well-being of these individuals, with a commitment to making a positive impact on their lives.


Official website here: www.sanfordhealth.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

Cedar Lake Village Inc has received an 81% rating from Charity Navigator, indicating a solid performance primarily in the area of Accountability & Finance. This score reflects a strong emphasis on governance, with 100% of its board members being independent, which fosters objectivity in decision-making. The organization has also demonstrated effective oversight with a comprehensive audit and oversight committee.

The charity excels in financial transparency, as evidenced by its high program expense ratio of 83.69%, suggesting that a significant portion of its funds is directed towards its mission. Additionally, it has robust policies in place concerning conflicts of interest, whistleblower protections, and document retention, which further enhance its accountability standards.

While the organization shows strengths in governance and financial management, the rating underscores that it is essential for donors to consider various aspects of a nonprofit’s operations. The strong emphasis on accountability implies a commitment to ethical practices, but potential contributors should look at program effectiveness and impact metrics to ensure alignment with their philanthropic goals.


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

Is Cedar Lake Village Inc legitimate?

Cedar Lake Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedar Lake Village 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.sanfordhealth.org

What is the mission statement of Cedar Lake Village Inc?

Cedar Lake Village Inc is dedicated to enhancing the well-being and improving the quality of life for older persons and those in need. Through their provision of housing, programs, and services, they strive to make a positive impact on the lives of these individuals. In 2022, Cedar Lake Village served 20,535 days for assisted living residents, 38,586 days for senior housing residents, and 8,411 days for skilled nursing residents. The organization's efforts encompass a range of services geared towards improving the living experience for those in need.


Official website here: www.sanfordhealth.org

Who is the CEO of Cedar Lake Village Inc?

Nathan Schema is the Trustee, Chair, President of Cedar Lake Village Inc.


Official website here: www.sanfordhealth.org

What is the revenue of Cedar Lake Village Inc?

Cedar Lake Village Inc's revenue in 2022 was $13,864,442.


Official website here: www.sanfordhealth.org

Who are the executives of Cedar Lake Village Inc and what are their salaries?

There 41 volunteers at Cedar Lake Village Inc.


Here are 7 key members and their salaries:


Nathan Schema (Trustee, Chair, President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Hubbard (Trustee, Vice Chair, Vp - End 12/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Vanden Hull (Trustee, Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aimee Middleton (Trustee, Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Mack Bowen (Trustee - End 12/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vince Donofrio (Trustee - End 12/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanna Randall (Executive Director - End 7/22)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sanfordhealth.org

Where can I find the form 990 for Cedar Lake Village Inc?

Cedar Lake Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sanfordhealth.org

Learn more at the official website: www.sanfordhealth.org

Mission Statement of Cedar Lake Village Inc

Cedar Lake Village Inc, a dedicated nonprofit organization, strives to enhance the well-being and improve the quality of life for older persons and those in need. Through the provision of housing, programs, and services, this compassionate organization aims to make a positive impact on the lives of its residents.

In a nutshell, Cedar Lake Village Inc is committed to creating an environment that fosters comfort, security, and opportunities for growth for the elderly and vulnerable members of the community. In 2022, the organization provided a total of 67,532 resident days of assistance across its various programs, including 20,535 days in assisted living, 38,586 days in senior housing, and 8,411 days in skilled nursing care.

By offering housing solutions tailored to the unique needs of older individuals and those in need, Cedar Lake Village Inc not only helps its residents maintain their independence but also ensures they have access to essential services. The organization's housing options not only provide a safe and comfortable living environment but also offer peace of mind, knowing that supportive care is available when needed.

Additionally, Cedar Lake Village Inc's programs are designed to enrich the lives of its residents. These initiatives range from social activities and educational opportunities to healthcare services and support groups. By addressing both the physical and emotional needs of its residents, Cedar Lake Village Inc empowers its community members to live their best lives and thrive.

In summary, Cedar Lake Village Inc is a beacon of hope for older persons and those in need, offering a multifaceted approach to improving their well-being through the provision of housing, programs, and essential services. This dedicated organization is committed to making a difference in the lives of its residents and helping them live with dignity and comfort.

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Impact




October, 2024

Cedar Lake Village Inc significantly enhances the well-being and quality of life for elderly individuals and those in need by providing essential housing, programs, and services. In 2022 alone, the organization facilitated 20,535 assisted living resident days, 38,586 senior housing resident days, and 8,411 skilled nursing resident days in Sioux Falls, SD. These services are designed to create a supportive and nurturing environment, allowing residents to maintain their independence while receiving the care and assistance they require. By focusing on improving the living conditions and overall happiness of older persons and vulnerable populations, Cedar Lake Village Inc plays a crucial role in the community, promoting dignity and a better quality of life for its residents.




This information is meant to be a general summary of Cedar Lake Village 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.

Revenue
$13,864,442 (2022)
Expenses
$14,111,942 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $135,185
  • Program Service Revenue: $13,570,512
  • Gross Receipts: $14,166,310

Assets and Liabilities:

  • Total Assets: $34,146,235
  • Total Liabilities: $25,222,336
  • Net Assets: $8,923,899

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Programs

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

ROOM REV, ANCILL SVCS

Revenue

$13,548,911

MEALS, GUEST RM, OTHER

Revenue

$21,601

Organization Details

Founding Year

1998

Principal Officer

Nathan Schema

Main Address

PO BOX 5039 RTE 5218, SIOUX FALLS, SD, 571175039

NTEE Category

Code: L22 - Housing

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