CEDAR LANE SENIOR LIVING COMMUNITY… - Form 990 Financial Data

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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

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 HELP RESIDENTS AGE WITH MAXIMUM DIGNITY, INDEPENDENCE, AND QUALITY OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $3,011,954 Revenue: $1,262,828

CEDAR LANE SENIOR LIVING COMMUNITY I, INC. WAS ORGANIZED ON MAY 4, 1971 FOR THE PURPOSE OF CONSTRUCTING AND OPERATING RENTAL HOUSING AND RELATED FACILITIES WHICH CONSIST OF 114 UNITS LOCATED IN...

CEDAR LANE SENIOR LIVING COMMUNITY I, INC. WAS ORGANIZED ON MAY 4, 1971 FOR THE PURPOSE OF CONSTRUCTING AND OPERATING RENTAL HOUSING AND RELATED FACILITIES WHICH CONSIST OF 114 UNITS LOCATED IN LEONARDTOWN, MARYLAND FOR PERSONS WHO ARE ELDERLY. EFFECTIVE NOVEMBER 16, 2023, CEDAR LANE SENIOR LIVING COMMUNITY I MERGED WITH SENIOR LIVING SENIOR LIVING COMMUNITY II, INC. TO FORM CEDAR LANE SENIOR LIVING COMMUNITY, LLC. 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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Trantor Score

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

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

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$296,336

Total Directors

$188,550

Key Employees

Highest Compensated

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

CEDAR LANE SENIOR LIVING COMMUNITY I INC