CEDAR LANE SENIOR LIVING COMMUNITY I INC

EIN: 237136808 501(c)(3)

LEONARDTOWN, MD

Total Revenue
$3,041,482
Total Expenses
$3,272,466
Total Assets
$6,665,794
Net Assets
$1,074,201
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MD
Principal Officer
ERIC GOLDEN
Phone
3014758966
Tax Period
2024-01-01 to 2024-12-31

CEDAR LANE SENIOR LIVING COMMUNITY I INC, founded in 1971, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,770,134
Program Service Revenue $1,174,619
Investment Income $8,520
Other Revenue $88,209
TOTAL REVENUE $3,041,482

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,310,481
Fundraising Expenses $0
Program Expenses $3,011,954
Other Expenses $1,961,985
TOTAL EXPENSES $3,272,466

Year-over-Year Comparison

2024 2023 Change
Revenue $3,041,482 $2,362,314 +0.3%
Expenses $3,272,466 $2,130,308 +0.5%
Net Income $-230,984 $232,006 -2.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
10
Employees
42
Volunteers
10

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$296,336
Total Directors
11
$188,550
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC GOLDEN PRESIDENT & CEO, DIRECTOR 42.30
Officer Director
$154,867 $5,492 $188,550
CANDY CHESSER CHAIR 2.00
Officer Director
$0 $0 $0
JIMMY HAYDEN VICE CHAIR 2.00
Officer Director
$0 $0 $0
DENNIS NICHOLSON TREASURER 2.00
Officer Director
$0 $0 $0
KATHY FRANZEN SECRETARY 2.00
Officer Director
$0 $0 $0
SHERI BURCH NORRIS DIRECTOR 2.00
Director
$0 $0 $0
BETH COOPER JOSEPH DIRECTOR 2.00
Director
$0 $0 $0
DARLENE JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
MICKEY RAMOS DIRECTOR 2.00
Director
$0 $0 $0
MELANIE TRIFONE DIRECTOR 2.00
Director
$0 $0 $0
ROBERT LANE TENANT REPRESENTATIVE 2.00
Director
$0 $0 $0
CALVIN BOOZER DIRECTOR OF FACILITIES 42.30
Officer
$88,531 $3,139 $107,786
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,041,482 $3,272,466 $6,665,794 $-230,984
2023 $2,362,314 $2,130,308 $7,068,099 $232,006
2022 $1,667,041 $1,910,655 $5,121,243 $-243,614
2021 $1,690,106 $1,820,367 $4,991,307 $-130,261
2020 $1,578,271 $1,726,468 $5,207,454 $-148,197
2019 $1,587,064 $1,792,636 $5,360,633 $-205,572
2018 $1,727,198 $1,639,466 $5,587,660 $87,732
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