Cedar Meadows Inc
- Assets
- $984.0k
- Revenue
- $410.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Akron, OH
- Founding
- 08/1987
- Data as of
- 09/2021
- EIN
- 31-1204975
Organization Overview
Cedar Meadows Inc is located in Akron, OH. The organization was established in 1987. According to its NTEE Classification (L24) the organization is classified as: Independent Housing for People with Disabilities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Cedar Meadows Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Meadows 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 09/2021, Cedar Meadows Inc generated $410.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $375.5k during the year ending 09/2021. While expenses have increased by 1.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING FOR ELDERLY AND PHYSICALLY HANDICAPPED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING AND RELATED FACILITIES AND SERVICES TO ELDERLY AND LOW INCOME FAMILIES AND PERSONS ON A NON-PROFIT BASIS.
TO PROVIDE HOUSING AND RELATED FACILITIES AND SERVICES TO ELDERLY AND LOW INCOME FAMILIES AND PERSONS ON A NON-PROFIT BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan C Williams President | OfficerTrustee | 0.5 | $0 |
Ray Weber Treasurer | OfficerTrustee | 0.5 | $0 |
Kim Arnold Secretary | OfficerTrustee | 0.5 | $0 |
Michael Chadsey Vice President | OfficerTrustee | 0.5 | $0 |
Gary Hagen Executive Director | Officer | 15 | $0 |
Lance Reed Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $259,574 |
| 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 | $259,574 |
| Total Program Service Revenue | $150,570 |
| Investment income | $287 |
| 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 | $410,431 |
| 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 | $62,146 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,468 |
| Fees for services: Management | $23,920 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,673 |
| Office expenses | $11,285 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,858 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,858 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,101 |
| Insurance | $8,998 |
| All other expenses | $0 |
| Total functional expenses | $375,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,095 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,743 |
| 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 | $6,144 |
| Net Land, buildings, and equipment | $585,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $306,347 |
| Total assets | $984,032 |
| Accounts payable and accrued expenses | $50,761 |
| Grants payable | $0 |
| Deferred revenue | $2,181 |
| 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 | $1,296,259 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,514 |
| Total liabilities | $1,360,715 |
| Net assets without donor restrictions | -$376,683 |
| 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 | $984,032 |
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