Overview
What is Cedar Lake Residences Inc?
Cedar Lake Residences Inc is a nonprofit organization situated in Louisville, Kentucky, with a significant presence in Jefferson County and its vicinity. Their mission is to foster an inclusive community where individuals with and without disabilities can interact, learn, and support each other. They provide a diverse range of community-based residential options, day programs, and supportive employment opportunities for over 118 adults dealing with intellectual and developmental disabilities. Additionally, the Cedar Lake Foundation offers financial assistance to cover indigent care needs and Medicaid funding shortfalls. Their services extend to housing options, ensuring comprehensive care for this vulnerable population.
Official website here: www.cedarlake.org
What are the reviews and ratings of this charity?
Cedar Lake Residences Inc has received a Four-Star out of Four Star rating from Charity Navigator, indicating a strong level of accountability and finance management with an overall score of 90%. This high score is based entirely on the organization's effectiveness in fiscal responsibility, showcasing a commitment to transparent operations and proper governance structures in place, including a majority independent board and comprehensive policies that ensure assets are safeguarded.
Key strengths of Cedar Lake Residences Inc lie in its financial management practices, with a high program expense ratio of 84.50%, evidencing that a significant portion of its expenditures directly supports its charitable activities. Moreover, the organization's commitment to accountability is highlighted by its adherence to various oversight and conflict of interest policies, which reinforce the integrity of its operations.
However, it is important to note that Cedar Lake Residences Inc has not been evaluated in areas like Leadership & Adaptability, Culture & Community, or Impact & Measurement. This limitation suggests that while the organization shows strong fiscal performance, insights on its broader operational effectiveness and community impact are not currently available. User reviews from GreatNonprofits are not accessible at this time to provide additional perspectives from those served by the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Cedar Lake Residences Inc legitimate?
Cedar Lake Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedar Lake Residences 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: $4,285,044
For more financial information, click here
Official website here: www.cedarlake.org
What is the mission statement of Cedar Lake Residences Inc?
Cedar Lake Residences Inc's mission is centered around fostering a community where individuals with and without disabilities can learn to coexist and enrich each other's lives through meaningful interactions. This is achieved by cultivating mutual respect and unconditional love. The organization's mission is to offer highly compassionate services to those with intellectual and developmental disabilities, providing a wide range of community-based residential options, community access, supported employment, adult day programs, case management, and in-home support. The goal is to empower these individuals to live fulfilling lives and enrich the community as a whole.
Official website here: www.cedarlake.org
Who is the CEO of Cedar Lake Residences Inc?
Rick Davis is the CEO of Cedar Lake Residences Inc The CEO's salary of Cedar Lake Residences Inc is $0 and their total compensation is $139,753.
Official website here: www.cedarlake.org
What is the revenue of Cedar Lake Residences Inc?
Cedar Lake Residences Inc's revenue in 2023 was $7,216,368.
Official website here: www.cedarlake.org
Who are the executives of Cedar Lake Residences Inc and what are their salaries?
The average compensation at Cedar Lake Residences Inc during 2023 was $32,339. There 75 volunteers at Cedar Lake Residences Inc.
Here are 10 key members and their salaries (Cedar Lake Residences Inc's CEO's salary is $0 and their total compensation is $139,753):
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- Other: $0
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- Other: $0
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- Related: $158,675
- Other: $38,134
- Compensation: $0
- Related: $139,459
- Other: $294
- Compensation: $208,823
- Related: $0
- Other: $8,456
Official website here: www.cedarlake.org
Where can I find the form 990 for Cedar Lake Residences Inc?
Cedar Lake Residences Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cedarlake.org
Learn more at the official website: www.cedarlake.org
Mission Statement of Cedar Lake Residences Inc
Cedar Lake Residences Inc, a nonprofit organization, envisions a community where individuals with and without disabilities coexist, fostering mutual respect and unconditional love through meaningful interactions. Their mission is to offer highly compassionate support to adults with intellectual and developmental disabilities, providing them with a wide array of community-based residential options, supported employment, adult day programs, case management, and in-home support. The organization aims to enrich the lives of those they serve, encouraging interdependence and fostering a sense of belonging within the community.
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Impact
July, 2024
Cedar Lake Residences Inc's impact lies in providing a wide array of community support, including community-based residential options, housing options, day programs, and support for adults with intellectual and developmental disabilities in Jefferson County, Kentucky, and the surrounding area. They deliver services such as community access, supported employment, adult day programs, case management, and in-home support to over 118 adults with disabilities. Additionally, Cedar Lake Foundation provides need-based financial assistance for indigent care needs and covers shortfalls in Medicaid funding. Their vision is to create a community where individuals with and without disabilities learn to share and enrich each other's lives through meaningful interactions that cultivate mutual respect and unconditional love.
This information is meant to be a general summary of Cedar Lake Residences 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: $10,661
- Program Service Revenue: $6,532,783
- Gross Receipts: $7,339,324
Assets and Liabilities:
- Total Assets: $2,935,723
- Total Liabilities: $1,178,091
- Net Assets: $1,757,632
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPORT SERVICE REVENU
Revenue
$5,728,950
TRANSPORTATION REVENUE
Revenue
$803,833
Organization Details
Founding Year
1993
Phone
(502) 495-4946Principal Officer
Rick Davis
Main Address
9901 LINN STATION ROAD 901, LOUISVILLE, KY, 40223
Website
www.cedarlake.orgNTEE Category
Code: L80Z - Housing
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