Benevolent Corporation Cedar Community
- Assets
- $110.1m
- Revenue
- $37.7m
- Investments
- $9.7m
- Employees
- 583
- Location
- West Bend, WI
- Founding
- 07/1962
- Data as of
- 06/2022
- EIN
- 39-0928211
Organization Overview
Benevolent Corporation Cedar Community is located in West Bend, WI. The organization was established in 1962. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2022, Benevolent Corporation Cedar Community employed 583 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benevolent Corporation Cedar Community 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 06/2022, Benevolent Corporation Cedar Community generated $37.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $39.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE SENIOR RESIDENCES AND PROVIDE LONG-TERM HEALTHCARE SERVICES IN MULTIPLE SETTINGS, A RETREAT AND EDUCATION CENTER, AND HOME-BASED HEALTHCARE SERVICES. OUR MISSION IS TO MODEL CHRIST'S LOVE FOR HUMANITY BY CREATING LIFE-ENHANCING RELATIONSHIPS, SERVICES, AND ENVIRONMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEDAR COMMUNITY PROVIDES ASSISTED LIVING SERVICES IN FOUR LOCATIONS, WITH 165 UNITS IN RESIDENTIAL CARE APARTMENT COMPLEX FACILITIES AND 60 UNITS IN COMMUNITY BASED RESIDENTIAL FACILITIES. IT PROVIDES A SECURE ENVIRONMENT, DINING SERVICES, ACTIVITES, NURSING SUPPORT, SOCIAL & RELIGIOUS SERVICES. CEDAR COMMUNITY PROVIDED SERVICES DURING THE YEAR TO 328 INDIVIDUALS.
CEDAR COMMUNITY PROVIDES HOME BASED SERVICES INCLUDING HOSPICE AND HOME HEALTH.
CEDAR COMMUNITY PROVIDES SKILLED NURSING SERVICES FOR RESIDENTS WITH HEALTHCARE NEEDS, INCLUDING DEMENTIA SPECIFIC CARE, SUBACUTE CARE, AND SUPPORTIVE SERVICES SUCH AS PHARMACY, THERAPIES, ACTIVITIES, DINING SERVICES, SOCIAL & RELIGIOUS SERVICES. CEDAR COMMUNITY SERVED 484 INDIVIDUALS DURING THE YEAR.
CEDAR COMMUNITY PROVIDES SECURE RETIREMENT LIVING FOR SENIORS AT FOUR LOCATIONS PROVIDING BOTH APARTMENTS AND INDIVIDUAL HOMES. ANCILLARY SERVICES INCLUDE A VARIETY OF ACTIVITIES, DINING SERVICES, AND ACCESS TO BASIC SUPPLIES THROUGH A GIFT SHOP & STORE. CEDAR COMMUNITY PROVIDED INDEPENDENT LIVING SERVICES TO 609 INDIVIDUALS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole E Pretre CEO | Officer | 40 | $220,070 |
Lynn Olson Retired CEO | 40 | $213,164 | |
Samuel Vang Director Of Pharmacy | 40 | $136,549 | |
Joseph Pichler VP Of Finance | Officer | 40 | $127,983 |
Kelli Deruyter VP Of Clinical Services | 40 | $127,547 | |
Sarah Malchow Vice President Development | 40 | $123,302 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moore Construction Services Llc Construction Services | 6/29/22 | $5,129,462 |
Bsg Maintenance Inc Housekeeping And Laundry Services | 6/29/22 | $1,281,865 |
Concept Rehab Inc Contract Therapy Services | 6/29/22 | $990,603 |
Jf Ahern Co Construction Services | 6/29/22 | $595,709 |
Eua Construction Design And Management | 6/29/22 | $543,507 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,423 |
| All other contributions, gifts, grants, and similar amounts not included above | $666,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $767,068 |
| Total Program Service Revenue | $35,191,841 |
| Investment income | $988,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $751,733 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,700,233 |
| 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. | $395,411 |
| Compensation of current officers, directors, key employees. | $395,411 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,023,814 |
| Pension plan accruals and contributions | $213,129 |
| Other employee benefits | $2,288,708 |
| Payroll taxes | $1,386,218 |
| Fees for services: Management | $191,635 |
| Fees for services: Legal | $90,784 |
| Fees for services: Accounting | $58,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,726 |
| Fees for services: Other | $3,361,423 |
| Advertising and promotion | $187,376 |
| Office expenses | $3,536,640 |
| Information technology | $408,986 |
| Royalties | $0 |
| Occupancy | $1,953,023 |
| Travel | $112,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,396 |
| Interest | $1,764,259 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,129,669 |
| Insurance | $454,188 |
| All other expenses | $67,737 |
| Total functional expenses | $39,844,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,072 |
| Savings and temporary cash investments | $3,285,655 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,595,901 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $186,426 |
| Prepaid expenses and deferred charges | $563,294 |
| Net Land, buildings, and equipment | $63,862,842 |
| Investments—publicly traded securities | $30,865,958 |
| Investments—other securities | $9,669,008 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $110,065,156 |
| Accounts payable and accrued expenses | $3,616,729 |
| Grants payable | $0 |
| Deferred revenue | $9,539,998 |
| Tax-exempt bond liabilities | $40,426,557 |
| 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 | $24,913,970 |
| Total liabilities | $78,497,254 |
| Net assets without donor restrictions | $29,875,471 |
| Net assets with donor restrictions | $1,692,431 |
| 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 | $110,065,156 |