Cedar Lake-Cherrywood Inc
- Assets
- $267.4k
- Revenue
- $48.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 20-0659956
Organization Overview
Cedar Lake-Cherrywood Inc is located in Louisville, KY. The organization was established in 2004. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Lake-Cherrywood 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 12/2021, Cedar Lake-Cherrywood Inc generated $48.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $60.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CEDAR LAKE - CHERRYWOOD, INC. OFFERS SAFE & AFFORDABLE COMMUNITY-BASED HOUSING (SEE SCH. O). THE HOUSING IS OFFERED TO PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN THE METRO LOUISVILLE REGION OF KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES WITH SAFE AND AFFORDABLE HOUSING AND OPPORTUNITIES FOR MEANINGFUL INCLUSION IN THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Wellman Vice Chairman | OfficerTrustee | 0.25 | $0 |
Bruce Beickman Chairman | OfficerTrustee | 0.25 | $0 |
Bryan Bain Secretary | OfficerTrustee | 0.25 | $0 |
Lynn Wilkerson Treasurer | OfficerTrustee | 0.25 | $0 |
R Christian Stevenson President/ceo (through 09/2021) (see Sch O) | Officer | 0.5 | $0 |
Jason Squires Chief Operating Officer (see Sch O) | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $36,237 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,239 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,483 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,799 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,663 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $60,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156 |
| 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 | $249,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,949 |
| Total assets | $267,375 |
| Accounts payable and accrued expenses | $3,649 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,375 |
| Total liabilities | $7,024 |
| Net assets without donor restrictions | $260,351 |
| Net assets with donor restrictions | $0 |
| 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 | $267,375 |
Peer Organizations
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|---|---|---|
Over The Rhine Community Housing Cincinnati, OH | $24,358,276 | $7,722,304 |
Society Of St Vincent Depaul Council Of Louisville Louisville, KY | $10,950,346 | $7,888,364 |
Socayr Inc Louisville, KY | $34,945,508 | $6,749,829 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |
Creative Housing Inc Columbus, OH | $43,851,773 | $5,323,506 |
Family Scholar House Inc Louisville, KY | $18,614,591 | $4,995,688 |
Lewinsville Retirement Residence McLean, VA | $23,915,511 | $4,142,115 |
The Village At Mercy Creek Lemont, IL | $14,145,576 | $2,549,375 |
Regina Manor Apartments Inc Toledo, OH | $0 | $7,363 |
American Village Communities Inc Fairfax, VA | $15,020,871 | $7,566,152 |
Equity Homes Saint Louis, MO | $10,741,730 | $5,549,027 |
Squire Village Preservation Nfp Chicago, IL | $14,277,143 | $2,435,203 |