CEDAR PLACE INC

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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

1981

Legal Domicile

Principal Officer

KIM SCHILLING

Phone

5157334328

Tax Period

2023-01-01 to 2023-12-31

CEDAR PLACE INC, founded in 1981, is a small nonprofit in the Human Services sector that reported $504K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY AND DISABLED PERSONS.

Program Service Accomplishments

Program 1

Expenses: $490,333 Revenue: $242,977

CEDAR PLACE, INC. IS AN IOWA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 50 UNIT APARTMENT COMMUNITY KNOWN AS CEDAR PLACE LOCATED IN STORY CITY, IOWA. THE COMMUNITY WAS ORIGINALLY FINANCED WITH A DIRECT LOAN PROVIDED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. IN APRIL 2008, THE CORPORATION REFINANCED ITS ORIGINAL HUD LOAN WITH ASSISTED LIVING FACILITY REVENUE BONDS ISSUED BY STORY CITY, IOWA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $251,843

Program Service Revenue $242,977

Investment Income $1,061

Other Revenue $7,744

TOTAL REVENUE $503,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $490,333

Other Expenses $544,517

TOTAL EXPENSES $544,517

Year-over-Year Comparison

	2023	2022	Change
Revenue	$503,625	$450,781	+0.1%
Expenses	$544,517	$501,382	+0.1%
Net Income	$-40,892	$-50,601	-0.2%

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

N/A

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

$186,916

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY ALLMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PR JOHN SHEAHAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BETH FRANDSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN CLOUGH	TREASURER	1.00	Officer Director	$0	$0	$0
DR PETER MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SHERMAN	DIRECTOR	1.00	Director	$0	$0	$0
DR NANCY CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
MATT RIGGENBERG	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL BAPPE	DIRECTOR	1.00	Director	$0	$0	$0
MAX ROTHSCHILD	DIRECTOR	1.00	Director	$0	$0	$0
KIM SCHILLING	CEO	40.00	Officer	$0	$0	$186,916

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	No data	No data	No data	No data
2023	$503,625	$544,517	$1,778,447	$-40,892
2022	$450,781	$501,382	$1,869,464	$-50,601
2021	$481,630	$474,909	$1,992,680	$6,721
2020	$488,107	$453,937	$2,052,994	$34,170
2019	$488,862	$463,088	$2,155,591	$25,774
2018	$465,827	$531,351	$2,203,720	$-65,524