CEDAR LAKE L'ESPRIT INC

EIN: 270822225 501(c)(3) Housing & Shelter

LOUISVILLE, KY

Total Revenue
$96,498
Total Expenses
$123,833
Total Assets
$720,809
Net Assets
$691,873
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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
2009
Legal Domicile
KY
Principal Officer
MARGE WAUGH
Phone
5024954948
Tax Period
2024-01-01 to 2024-12-31

CEDAR LAKE L'ESPRIT INC, founded in 2009, is a micro nonprofit in the Housing & Shelter sector that reported $96K in total revenue in fiscal year 2024. Expenses of $124K exceeded revenue, resulting in a 28% operating deficit.

Mission

CEDAR LAKE - L'ESPRIT, INC. OFFERS SAFE & AFFORDABLE COMMUNITY-BASED HOUSING (SEE SCH. O). THE HOUSING IS OFFERED TO PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN THE METRO LOUISVILLE REGION AND LAGRANGE AREA OF KENTUCKY.

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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 $0
Program Service Revenue $75,600
Investment Income $-38,075
Other Revenue $58,973
TOTAL REVENUE $96,498

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $93,904
Other Expenses $123,833
TOTAL EXPENSES $123,833

Year-over-Year Comparison

2024 2023 Change
Revenue $96,498 $97,933 0.0%
Expenses $123,833 $118,590 +0.0%
Net Income $-27,335 $-20,657 +0.3%
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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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
18

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
7
$557,285
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA ELLISON TREASURER 0.50
Officer Director
$0 $0 $0
NICK GARBER VICE CHAIRMAN 0.50
Officer Director
$0 $0 $0
BRUCE BEICKMAN CHAIRMAN 0.50
Officer Director
$0 $0 $0
ADAM WALDNER DIRECTOR 0.50
Director
$0 $0 $0
THERESA STIEBLING DIRECTOR 0.50
Director
$0 $0 $0
WENDY GONZALES DIRECTOR 0.50
Director
$0 $0 $0
CAIT CRENSHAW SECRETARY 0.50
Officer Director
$0 $0 $0
DEBORAH CAMPBELL DIRECTOR 0.50
Director
$0 $0 $0
JASON SQUIRES THRU 12024 CHIEF OPERATING OFFICER (SEE SCH O) 1.00
Officer
$0 $930 $66,423
RICK DAVIS PRESIDENT & CEO (SEE SCH O) 0.50
Officer
$0 $11,133 $298,171
MARGARET WAUGH VP OF FINANCE (SEE SCH O) 1.00
Officer
$0 $19,952 $192,691
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
2025 No data No data No data No data
2024 $96,498 $123,833 $720,809 $-27,335
2023 $97,933 $118,590 $747,046 $-20,657
2022 $74,425 $112,100 $764,152 $-37,675
2021 $76,123 $102,781 $788,898 $-26,658
2020 $70,154 $105,857 $823,366 $-35,703
2019 $66,095 $104,998 $854,165 $-38,903
2018 $65,096 $100,741 $890,957 $-35,645
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