Cedar Lane Senior Living Community Ii Inc

Organization Overview

Cedar Lane Senior Living Community Ii Inc is located in Leonardtown, MD. The organization was established in 1981. 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 12/2022, Cedar Lane Senior Living Community Ii Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Lane Senior Living Community Ii 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 12/2022, Cedar Lane Senior Living Community Ii Inc generated $949.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 4.9% per year over the past 8 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HOUSING AND CUSTOMER SERVICES TO ELDERLY AND DISABLED ADULTS IN LEONARDTOWN, MARYLAND

Describe the Organization's Program Activity:

Part 3 - Line 4a

CEDAR LANE SENIOR LIVING COMMUNITY II, INC. WAS ORGANIZED ON MARCH 9, 1981 FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE ENTITY CONSISTS OF 51 UNITS LOCATED IN LEONARDTOWN, MARYLAND.


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Board, Officers & Key Employees

Name (title)Compensation
Eric Golden
President & Ceo, Director
$36,761
Harold Crawford
Director Of Finance & Admi
$27,341
Charles Roach
Chair
$0
Candy Chesser
Vice Chair
$0
Richard Pectol
Treasurer
$0
Karen O'connor
Secretary Thru Nov 2022
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$20,865
Government grants $708,782
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$729,647
Total Program Service Revenue$179,427
Investment income $303
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 $949,094

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