Cedars Nursing Care Center Inc
- Assets
- $49.0m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 03/1942
- Data as of
- 04/2022
- 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 04/2022, Cedars Nursing Care Center Inc generated $12.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $16.5m during the year ending 04/2022. 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
2022
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 |
Hilary Rapkin Secretary Through Dec 2021 | OfficerTrustee | 0.5 | $0 |
Jennie Clegg Secretary | OfficerTrustee | 0.5 | $0 |
Angela Hunt Chief Innovations Officer | Officer | 21 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aureus Nursing Llc Agency Staffing | 4/29/22 | $344,815 |
Prime Time Healthcare Staffing | 4/29/22 | $283,453 |
Health Carousel Llc Healthcare Staffing | 4/29/22 | $165,159 |
Cmg Cit Acquisitions Llc Dba Coremedi Healthcare Staffing | 4/29/22 | $200,220 |
Medline Medical Supply Manufacturer | 4/29/22 | $221,484 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $113,820 |
| 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 | $113,820 |
| Total Program Service Revenue | $12,300,484 |
| Investment income | $38,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $67 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,452,780 |
| 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 | $9,637,172 |
| Fees for services: Legal | $9,893 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,149 |
| Fees for services: Other | $39,482 |
| Advertising and promotion | $96,075 |
| Office expenses | $255,901 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,149,900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,073,036 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $936,749 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,493,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,367 |
| Savings and temporary cash investments | $1,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,092,918 |
| 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 | $20,013,235 |
| Investments—publicly traded securities | $2,204,664 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,270,077 |
| Total assets | $48,978,261 |
| Accounts payable and accrued expenses | $1,418,318 |
| Grants payable | $0 |
| Deferred revenue | $1,049,562 |
| 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 | $40,149,512 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,357,252 |
| Total liabilities | $46,974,644 |
| Net assets without donor restrictions | $1,963,617 |
| 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 | $48,978,261 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Cedars Nursing Care Center Inc has recieved totaling $140,410.
| Awarding Organization | Amount |
|---|---|
Sephardic Home For The Aged Foundation New York, NY PURPOSE: GRANT | $100,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Nursing | $28,410 |
Davis Family Foundation Yarmouth, ME PURPOSE: Expansion of Mindful Connections: A Community-Based Group for Individuals with Early to Moderate Memory Loss | $10,000 |
Albert B Glickman Family Foundation Portland, ME PURPOSE: INDIGENT | $1,000 |
Albert B Glickman Family Foundation Portland, ME PURPOSE: INDIGENT | $1,000 |
Endowment Analysis
| Beg. Balance | $40,000 |
| Ending Balance | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedars Nursing Care Center Inc Portland, ME | $48,978,261 | $12,452,780 |
Saint Josephs Manor Portland, ME | $7,806,852 | $12,186,312 |
Jha Services Inc Portland, ME | $8,579,539 | $14,615,919 |
Salemhaven Inc Salem, NH | $10,755,688 | $12,544,295 |
Quarry Hill Belfast, ME | $16,044,007 | $10,837,530 |
Lincolnhealth Coves Edge Damariscotta, ME | $9,929,778 | $12,022,430 |
Morrison Hospital Association Whitefield, NH | $30,208,947 | $12,290,092 |
St Andre Health Care Facility Biddeford, ME | $6,597,433 | $11,093,505 |
Wentworth Senior Living Portsmouth, NH | $18,229,591 | $8,131,097 |
Island Nursing Home Inc Deer Isle, ME | $4,961,696 | $5,993,790 |
Rumford Community Home Corporation Rumford, ME | $5,203,467 | $5,423,127 |
Bangor Nursing & Rehabilitation Center Bangor, ME | $3,163,906 | $2,901,288 |