Cedar Lake Residences Inc
- Assets
- $2.9m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 05/1995
- Data as of
- 12/2023
- EIN
- 61-1247246
Organization Overview
Cedar Lake Residences Inc is located in Louisville, KY. The organization was established in 1995. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Lake Residences 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 12/2023, Cedar Lake Residences Inc generated $7.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $7.9m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CEDAR LAKE RESIDENCES, INC. PROVIDES A WIDE ARRAY OF COMMUNITY SUPPORT. (SEE SCHEDULE O) THE SUPPORT INCLUDES COMMUNITY-BASED RESIDENTIAL OPTIONS, HOUSING OPTIONS, DAY PROGRAMS AND SUPPORT FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN JEFFERSON COUNTY AND OLDHAM COUNTY, KENTUCKY AND THE SURROUNDING AREA. CEDAR LAKE RESIDENCES PROVIDES MANAGEMENT SERVICES FOR ALL CEDAR LAKE - HUD CORPORATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEDAR LAKE RESIDENCES DELIVERED A WIDE ARRAY OF COMMUNITY-BASED RESIDENTIAL OPTIONS, COMMUNITY ACCESS, SUPORTED EMPLOYMENT, ADULT DAY AND OTHER IN-HOME SUPPORT TO OVER 107 ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. CEDAR LAKE FOUNDATION PROVIDED FINANCIAL ASSISTANCE OF $286,218 TO CEDAR LAKE RESIDENCES TO COVER SHORTFALLS IN MEDICAID FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Stiebling Secretary | OfficerTrustee | 1 | $0 |
Bryan Bain Vice Chair | OfficerTrustee | 1 | $0 |
Patricia Ellison Treasurer | OfficerTrustee | 1 | $0 |
Wendy Gonzales Director | Trustee | 1 | $0 |
Leah Campbell Director | Trustee | 1 | $0 |
Bruce Beickman Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $339,633 |
| Government grants | $0 |
| 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 | $339,633 |
| Total Program Service Revenue | $6,532,783 |
| Investment income | $10,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,490 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,216,368 |
| 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 | $4,285,044 |
| Pension plan accruals and contributions | $71,659 |
| Other employee benefits | $806,043 |
| Payroll taxes | $312,535 |
| Fees for services: Management | $618,125 |
| Fees for services: Legal | $7,189 |
| Fees for services: Accounting | $18,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,068 |
| Fees for services: Other | $611 |
| Advertising and promotion | $2,890 |
| Office expenses | $0 |
| Information technology | $40,190 |
| Royalties | $0 |
| Occupancy | $58,749 |
| Travel | $24,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,091 |
| Insurance | $15,212 |
| All other expenses | $358,132 |
| Total functional expenses | $7,919,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,644 |
| Savings and temporary cash investments | $60,293 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $350,545 |
| 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 | $3,342 |
| Net Land, buildings, and equipment | $1,478,010 |
| Investments—publicly traded securities | $249,585 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $425,350 |
| Total assets | $2,944,769 |
| Accounts payable and accrued expenses | $943,016 |
| 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 | $939,435 |
| Total liabilities | $1,882,451 |
| Net assets without donor restrictions | $1,041,429 |
| Net assets with donor restrictions | $20,889 |
| 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 | $2,944,769 |