Overview
What is Cedar Lane Senior Living Community Iii Inc?
Cedar Lane Senior Living Community III Inc, established in 2002, is a nonprofit organization located in Leonardtown, Maryland. With a mission to cater to the needs of elderly and disabled adults, the organization owns and operates a 30-unit housing project, offering more than just residential units. The community provides additional services such as a dining facility and a licensed congregate housing program, all aimed at enhancing the physical, social, and psychological well-being of its residents. With a dedicated workforce of 42 employees, Cedar Lane Senior Living Community III Inc strives to contribute to the health, security, and overall usefulness of its elderly population.
Official website here: www.cedar-lane.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Cedar Lane Senior Living Community III Inc has achieved an overall score of 83%, primarily based on its solid performance in accountability and finance. The organization has shown a commitment to transparency and responsible financial management, evidenced by a program expense ratio of 94.70%, which indicates that a significant portion of funds is allocated directly to programs rather than administrative costs.
The nonprofit also demonstrates strong governance, with a board composed entirely of independent members. Additionally, it has established comprehensive policies for conflict of interest, whistleblower protections, and document retention, further solidifying its accountability framework. However, the organization faces challenges in its liabilities to assets ratio, scoring only 1 out of 15 points, which may indicate potential financial vulnerabilities that could impact its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Cedar Lane Senior Living Community Iii Inc legitimate?
Cedar Lane Senior Living Community Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedar Lane Senior Living Community Iii 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: $42,223
Professional Fundraising Fees: $0
Other Salaries and Wages: $129,621
For more financial information, click here
Official website here: www.cedar-lane.org
What is the mission statement of Cedar Lane Senior Living Community Iii Inc?
Cedar Lane Senior Living Community III Inc's mission is centered around providing housing and customer services specifically tailored to the elderly and disabled adults. Their primary objective is to contribute to the physical, social, and psychological needs of these individuals, aiming to enhance their health, security, and overall usefulness in living. In addition to offering rental housing, the community also provides support services such as a dining facility and a licensed congregate housing program, designed to cater to the specific needs of its elderly residents.
Official website here: www.cedar-lane.org
Who is the CEO of Cedar Lane Senior Living Community Iii Inc?
Eric Golden is the President & Ceo, Director of Cedar Lane Senior Living Community Iii Inc. The CEO's salary of Cedar Lane Senior Living Community Iii Inc is $21,608 and their total compensation is $153,945.
Official website here: www.cedar-lane.org
What is the revenue of Cedar Lane Senior Living Community Iii Inc?
Cedar Lane Senior Living Community Iii Inc's revenue in 2022 was $479,813.
Official website here: www.cedar-lane.org
Who are the executives of Cedar Lane Senior Living Community Iii Inc and what are their salaries?
The average compensation at Cedar Lane Senior Living Community Iii Inc during 2022 was $4,092. There are 42 employees and 18 volunteers at Cedar Lane Senior Living Community Iii Inc.
Here are 15 key members and their salaries (Cedar Lane Senior Living Community Iii Inc's CEO's salary is $21,608 and their total compensation is $153,945):
- Compensation: $21,608
- Related: $118,701
- Other: $13,636
- Compensation: $16,071
- Related: $88,285
- 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 Iii Inc?
Cedar Lane Senior Living Community Iii 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 Iii Inc
Cedar Lane Senior Living Community III Inc is dedicated to providing housing and customer services for elderly and disabled adults. Their mission encompasses offering rental housing and related facilities and services specifically designed to cater to the physical, social, and psychological needs of the elderly. The organization aims to contribute to the health, security, and usefulness of these individuals in living, thereby enhancing their overall well-being. In addition to the rental units, Cedar Lane Senior Living Community III Inc provides support services, including a dining facility and a licensed congregate housing program, to further meet the needs of its elderly residents.
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Impact
July, 2024
Cedar Lane Senior Living Community III Inc's impact can be seen in the provision of housing and customer services to elderly and disabled adults in Leonardtown, Maryland. Specifically, the organization owns and operates a 30-unit housing project for the elderly, offering support services such as a dining facility and a licensed congregate housing program. By catering to the physical, social, and psychological needs of the elderly population, Cedar Lane Senior Living Community III Inc contributes to their health, security, and overall well-being, enabling them to live with dignity and independence.
This information is meant to be a general summary of Cedar Lane Senior Living Community Iii 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: $192
- Program Service Revenue: $438,308
- Gross Receipts: $479,813
Assets and Liabilities:
- Total Assets: $2,050,840
- Total Liabilities: $1,420,890
- Net Assets: $629,950
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$435,279
DIETARY INCOME
Revenue
$3,029
Organization Details
Founding Year
1997
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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