Cedar Creek Retirement Home Inc
- Assets
- $4.7m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 166
- Location
- Leo, IN
- Founding
- 04/1988
- Data as of
- 12/2020
- EIN
- 35-1628799
Organization Overview
Cedar Creek Retirement Home Inc, operating under the name The Cedars, is located in Leo, IN. The organization was established in 1988. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2020, Cedars employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedars 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 12/2020, Cedars generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $5.0m during the year ending 12/2020. While expenses have increased by 12.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CEDARS IS A LICENSED SKILLED NURSING FACILITY OFFERING HOUSING AND MEDICAL CARE AS WELL AS INDEPENDENT LIVING.
Describe the Organization's Program Activity:
THE CEDARS PROVIDES CARE FOR THE AGED IN VARYING LEVELS OF ASSISTANCE. WE OFFER SKILLED NURSING CARE, ASSISTED LIVING, INDEPENDENT LIVING, AND VILLAS IN ORDER TO MEET THE PHYSICAL, MEDICAL, AND SPIRITUAL NEEDS OF OUR RESIDENTS. ADDITIONALLY, THE CEDARS PROVIDES NUMEROUS ACTIVITIES AND EVENTS FOR ITS RESIDENTS. WE CURRENTLY HAVE 21 ACRES, 12 CONDOMINIUMS, AND 34 SINGLE-FAMILY DWELLINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Forth Executive Director | Officer | 45 | $81,313 |
John Klopfenstein President | OfficerTrustee | 0.5 | $0 |
Duane Broquard Vice President | OfficerTrustee | 0.5 | $0 |
Michael Klopfenstein Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Lowell Schlatter Director | Trustee | 0.5 | $0 |
Scott Brune Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $509,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,218 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $626,718 |
| Total Program Service Revenue | $4,656,532 |
| Investment income | $7,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $317,761 |
| 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 | $5,608,067 |
| 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. | $81,313 |
| Compensation of current officers, directors, key employees. | $15,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,463,514 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $232,514 |
| Payroll taxes | $207,209 |
| Fees for services: Management | $153,483 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,191 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,617 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $94,476 |
| Royalties | $0 |
| Occupancy | $203,596 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,235 |
| Interest | $34,217 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,660 |
| Insurance | $441,337 |
| All other expenses | $0 |
| Total functional expenses | $5,005,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,875 |
| Savings and temporary cash investments | $432,749 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $257,643 |
| 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 | $58,220 |
| Net Land, buildings, and equipment | $3,591,931 |
| Investments—publicly traded securities | $13,262 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,658,680 |
| Accounts payable and accrued expenses | $293,005 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $988,840 |
| 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 | $0 |
| Total liabilities | $1,281,845 |
| Net assets without donor restrictions | $3,376,835 |
| 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 | $4,658,680 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Prairie Landing Community Inc Indianapolis, IN | $109,459,923 | $13,961,062 |
Hubbard Hill Estates Inc Elkhart, IN | $40,723,668 | $16,327,220 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
Peace Village Palos Park, IL | $24,451,475 | $12,276,916 |
Retirement Research Foundation Chicago, IL | $0 | $4,600,406 |
Indiana Masonic Home Inc Franklin, IN | $115,983,648 | $16,702,873 |