Cedar Place Inc

Organization Overview

Cedar Place Inc is located in Story City, IA. The organization was established in 1981. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Place 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 Place Inc generated $481.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $474.9k during the year ending 12/2021. While expenses have increased by 0.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY AND DISABLED PERSONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CEDAR PLACE, INC. IS AN IOWA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 50 UNIT APARTMENT COMMUNITY KNOWN AS CEDAR PLACE LOCATED IN STORY CITY, IOWA. THE COMMUNITY WAS ORIGINALLY FINANCED WITH A DIRECT LOAN PROVIDED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. IN APRIL 2008, THE CORPORATION REFINANCED ITS ORIGINAL HUD LOAN WITH ASSISTED LIVING FACILITY REVENUE BONDS ISSUED BY STORY CITY, IOWA.


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Board, Officers & Key Employees

Name (title)Compensation
Jeremy Allman
Chairman
$0
James Chevalier
Vice Chair
$0
Beth Frandsen
Secretary
$0
Brian Sansgaard
Treasurer
$0
Betsy Warburton
President/ceo (thru 8/2021)
$0
Pastor John Sheahan
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $270,848
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$270,848
Total Program Service Revenue$206,927
Investment income $666
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 $481,630

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