Cedar Crest Inc
- Assets
- $93.3m
- Revenue
- $18.0m
- Investments
- $818.6k
- Employees
- 328
- Location
- Janesville, WI
- Founding
- 06/1966
- Data as of
- 06/2022
- EIN
- 39-1025444
Organization Overview
Cedar Crest Inc is located in Janesville, WI. The organization was established in 1966. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2022, Cedar Crest Inc employed 328 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Crest 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 06/2022, Cedar Crest Inc generated $18.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $16.3m during the year ending 06/2022. While expenses have increased by 2.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CEDAR CREST IS A LIFE PLAN RETIREMENT COMMUNITY SERVING ADULTS 55 YEARS OF AGE OR OLDER. ITS MISSION IS TO OFFER RESIDENTS A FAITH-BASED CULTURE THAT EMBRACES A DISTINCT WELLNESS LIFESTYLE, COMPASSIONATE SUPPORTIVE LIVING AND EXCELLENT HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jen Degarmo Director | Trustee | 1 | $0 |
Carol Hatch Director | Trustee | 1 | $0 |
Barbara Kelley Director | Trustee | 1 | $0 |
Thomas Lasse Director | Trustee | 1 | $0 |
Mark Lorenz Director | Trustee | 1 | $0 |
Diane Pillard Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sfcs Architect Services | 6/29/22 | $1,815,081 |
Select Rehab Therapy Services | 6/29/22 | $1,071,719 |
Naatz Construction Construction Services | 6/29/22 | $926,265 |
Glynndevins Marketing Services | 6/29/22 | $205,169 |
Concord Group Owner's Rep Services | 6/29/22 | $294,120 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,780 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,354 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,134 |
| Total Program Service Revenue | $14,766,108 |
| Investment income | $55,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,848 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,987,919 |
| 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. | $503,254 |
| Compensation of current officers, directors, key employees. | $354,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,816,970 |
| Pension plan accruals and contributions | $193,909 |
| Other employee benefits | $1,248,598 |
| Payroll taxes | $529,652 |
| Fees for services: Management | $185,598 |
| Fees for services: Legal | $9,561 |
| Fees for services: Accounting | $94,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,696 |
| Advertising and promotion | $33,862 |
| Office expenses | $69,669 |
| Information technology | $91,129 |
| Royalties | $0 |
| Occupancy | $809,319 |
| Travel | $792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $355,037 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,820,038 |
| Insurance | $143,209 |
| All other expenses | $666,476 |
| Total functional expenses | $16,271,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,523,700 |
| Savings and temporary cash investments | $5,515,925 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $665,334 |
| 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 | $355,264 |
| Net Land, buildings, and equipment | $40,105,001 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $818,576 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,349,172 |
| Total assets | $93,332,972 |
| Accounts payable and accrued expenses | $3,195,671 |
| Grants payable | $0 |
| Deferred revenue | $16,213,605 |
| Tax-exempt bond liabilities | $56,248,507 |
| 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 | $75,657,783 |
| Net assets without donor restrictions | $16,897,599 |
| Net assets with donor restrictions | $777,590 |
| 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 | $93,332,972 |