CEDAR DEVELOPMENT INC (EIN 341418418) - Form 990 Financial Analysis & Trantor Score

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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

1974

Legal Domicile

Principal Officer

GARY HAGEN

Phone

3302538178

Tax Period

2024-10-01 to 2025-09-30

CEDAR DEVELOPMENT INC, founded in 1974, is a small nonprofit in the Housing & Shelter sector that reported $407K in total revenue in fiscal year 2024. Net assets of $1.9M represent 57 months of operating reserves.

Mission

TO PROVIDE HOUSING AND RELATED FACILITIES AND SERVICES FOR ELDERLY AND LOW INCOME FAMILIES AND PERSONS ON A NON-PROFIT BASIS.

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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 $7,393

Program Service Revenue $369,525

Investment Income $29,586

Other Revenue $0

TOTAL REVENUE $406,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,393

Fundraising Expenses $0

Program Expenses $383,080

Other Expenses $303,356

TOTAL EXPENSES $441,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,504	$391,101	+0.0%
Expenses	$441,749	$404,948	+0.1%
Net Income	$-35,245	$-13,847	+1.5%

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

$66,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN C WILLIAMS	PRESIDENT	0.50	Officer Director	$0	$0	$0
RAY WEBER	TREASURER	0.50	Officer Director	$0	$0	$0
KIM ARNOLD	SECRETARY	0.50	Officer Director	$0	$0	$0
LANCE REED	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JOE DENNIS	TRUSTEE	0.50	Director	$0	$0	$0
GARY HAGEN	EXECUTIVE DIRECTOR	10.00	Officer	$66,000	$0	$66,000

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	$406,504	$441,749	$2,026,111	$-35,245
2024	$391,101	$404,948	$2,022,253	$-13,847
2023	$374,564	$353,803	$1,978,087	$20,761
2022	$364,255	$377,751	$1,954,695	$-13,496
2021	$420,154	$394,630	$2,084,862	$25,524
2020	$353,291	$379,420	$2,127,518	$-26,129
2019	$347,569	$341,940	$2,081,215	$5,629
2018	$351,745	$384,552	$2,058,708	$-32,807

CEDAR DEVELOPMENT INC