Fairbury Assisted Living Facility
- Assets
- $2.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 38
- Location
- Fairbury, NE
- Founding
- 08/2001
- Data as of
- 09/2021
- EIN
- 47-0841274
Organization Overview
Fairbury Assisted Living Facility, operating under the name Cedarwood, is located in Fairbury, NE. The organization was established in 2001. 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 09/2021, Cedarwood employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedarwood 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, Cedarwood generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.7m during the year ending 09/2021. 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
CEDARWOOD STRIVES TO PROVIDE THE HIGHEST QUALITY OF HOSPITALITY, SERVICES, ACTIVITIES, SECURITY, COMPANIONSHIP AND FREEDOM TO TENANTS IN A CARING AND LOVING ENVIRONMENT THAT THE TENANTS ARE PROUD TO CALL THEIR HOME. CEDARWOOD'S SERVICES ARE PROVIDED TO THE RESIDENTS OF JEFFERSON COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEDARWOOD ASSISTED LIVING FACILITY WAS CONSTRUCTED ADJACENT TO JEFFERSON COMMUNITY HEALTH CENTER, INC. (JCHC), A NEBRASKA NON-PROFIT HOSPITAL EXEMPT FROM INCOME TAXES UNDER I.R.C. 501(C)(3). THE PURPOSE OF THE 50-UNIT FACILITY IS TO MEET AN IDENTIFIABLE COMMUNITY NEED IN THE FAIRBURY AREA, AND TO DEVELOP A MORE COMPREHENSIVE CONTINUUM OF HEALTH CARE THAT COMPLEMENTS THE HEALTH CARE SERVICES ALREADY AVAILABLE ON THE CAMPUS OF JCHC. FIFTY-NINE RESIDENTS WERE SERVED FROM OCTOBER 2020 THROUGH SEPTEMBER 2021. TWELVE OF THESE RESIDENTS QUALIFIED UNDER THE MEDICAID WAIVER PROGRAM. TOTAL DAYS OF CARE PROVIDED WERE 15,973.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Reese Vice Chairman | OfficerTrustee | 1 | $0 |
Homer Ward Chairman Thru 9/21/21 | OfficerTrustee | 1 | $0 |
Regina Bergh Treasurer | OfficerTrustee | 1 | $0 |
Rick Stanton Chairman | OfficerTrustee | 1 | $0 |
Bryce Betke Vice Chairman Thru 9/21/21 | OfficerTrustee | 1 | $0 |
Chance Klasek Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,286 |
| Noncash contributions included in lines 1a–1f | $100,236 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,486 |
| Total Program Service Revenue | $1,862,862 |
| Investment income | $24,233 |
| 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 | $2,141,581 |
| 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 | $644,971 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,144 |
| Payroll taxes | $52,096 |
| Fees for services: Management | $89,885 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,073 |
| Advertising and promotion | $7,836 |
| Office expenses | $69,461 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,977 |
| Travel | $2,025 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,838 |
| Interest | $9,243 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,476 |
| Insurance | $37,239 |
| All other expenses | $0 |
| Total functional expenses | $1,699,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,496 |
| Savings and temporary cash investments | $769,956 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,988 |
| 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 | $5,779 |
| Net Land, buildings, and equipment | $1,724,724 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,727,943 |
| Accounts payable and accrued expenses | $58,037 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $152,135 |
| Total liabilities | $210,172 |
| Net assets without donor restrictions | $2,517,771 |
| 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 | $2,727,943 |
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