Cedars Nursing Care Center Inc
- Assets
- $49.3m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 03/1942
- Data as of
- 04/2023
- EIN
- 01-0211517
Organization Overview
Cedars Nursing Care Center Inc is located in Portland, ME. The organization was established in 1942. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedars Nursing Care Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2023, Cedars Nursing Care Center Inc generated $14.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $16.4m during the year ending 04/2023. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LONG-TERM CARE FOR THE SICK AND ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CEDARS PROVIDES LONG-TERM CARE FOR THE SICK AND ELDERLY. OPERATIONS INCLUDE 63 NURSING HOME BEDS AND 39 SHORT-TERM REHABILITATION CARE BEDS. THE CEDARS TAKES PRIDE IN PROVIDING AN OUTSTANDING LIVING COMMUNITY WITH INNOVATIVE CARE AND SERVICES WHILE EMPOWERING OUR STAFF WITH KNOWLEDGE AND OPPORTUNITY. OVER THE YEARS, WE HAVE BEEN RECOGNIZED FROM LOCAL, REGIONAL AND NATIONAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Callnan President/ceo | OfficerTrustee | 20 | $0 |
Richard Borts Chairman | OfficerTrustee | 0.5 | $0 |
George Marcus Treasurer | OfficerTrustee | 0.5 | $0 |
Jennie Clegg Secretary | OfficerTrustee | 0.5 | $0 |
Barry Zimmerman Trustee | Trustee | 0.5 | $0 |
Elizabeth Geller Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Time Healthcare Llc Healthcare Staffing | 4/29/23 | $762,735 |
Mas Medical Staffing Healthcare Staffing | 4/29/23 | $683,620 |
Core Medical Group Healthcare Staffing | 4/29/23 | $548,316 |
Nordx Lab Testing Services | 4/29/23 | $216,634 |
Health Carousel Llc Healthcare Staffing | 4/29/23 | $162,129 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $773,490 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $773,490 |
| Total Program Service Revenue | $13,623,918 |
| Investment income | $138,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,431 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,585,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,084,678 |
| Fees for services: Legal | $112,086 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,016 |
| Fees for services: Other | $41,198 |
| Advertising and promotion | $76,723 |
| Office expenses | $165,152 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,015,749 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $775,300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $880,091 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,421,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,105,226 |
| Savings and temporary cash investments | $1,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,141,594 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $19,252,241 |
| Investments—publicly traded securities | $2,249,975 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,551,549 |
| Total assets | $49,301,585 |
| Accounts payable and accrued expenses | $1,463,460 |
| Grants payable | $0 |
| Deferred revenue | $616,868 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $40,500,464 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,589,464 |
| Total liabilities | $49,170,256 |
| Net assets without donor restrictions | $91,329 |
| Net assets with donor restrictions | $40,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $49,301,585 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Josephs Manor Portland, ME | $8,344,755 | $19,774,771 |
Jha Services Inc Portland, ME | $12,274,884 | $17,351,089 |
Cedars Nursing Care Center Inc Portland, ME | $49,301,585 | $14,585,318 |
Quarry Hill Belfast, ME | $14,044,555 | $12,709,032 |
Salemhaven Inc Salem, NH | $6,261,617 | $12,070,998 |
Morrison Hospital Association Whitefield, NH | $28,129,982 | $11,358,429 |
Lincolnhealth Coves Edge Damariscotta, ME | $8,330,762 | $8,507,382 |
St Andre Health Care Facility Biddeford, ME | $5,720,522 | $11,863,182 |
Wentworth Senior Living Portsmouth, NH | $16,924,025 | $8,780,997 |
Bangor Nursing & Rehabilitation Center Bangor, ME | $2,110,759 | $6,413,999 |
Rumford Community Home Corporation Rumford, ME | $4,209,781 | $5,604,356 |
Island Nursing Home Inc Deer Isle, ME | $3,849,048 | $981,572 |
Maine Association Of Private Residential Facilities For Persons Hallowell, ME | $336,157 | $412,567 |
Shepherds Godparent Home Bangor, ME | $715,005 | $415,988 |