Cedar Lane Senior Living Community II Inc

EIN: 521330040 501(c)(3)

Leonardtown, MD

Total Revenue
$904,079
Total Expenses
$711,407
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MD
Principal Officer
Eric Golden
Phone
3014758966
Tax Period
2023-01-01 to 2023-12-31

Cedar Lane Senior Living Community II Inc, founded in 1981, is a small nonprofit that reported $904K in total revenue in fiscal year 2023. The organization ran a surplus of $193K, a strong 21% operating margin.

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 (2023)

Revenue Breakdown

Contributions & Grants $665,187
Program Service Revenue $218,915
Investment Income $-20,828
Other Revenue $40,805
TOTAL REVENUE $904,079

Expense Breakdown

Grants Paid $0
Salaries & Benefits $331,970
Fundraising Expenses $0
Program Expenses $688,059
Other Expenses $379,437
TOTAL EXPENSES $711,407

Year-over-Year Comparison

2023 2022 Change
Revenue $904,079 $949,094 0.0%
Expenses $711,407 $1,106,915 -0.4%
Net Income $192,672 $-157,821 -2.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
38
Volunteers
12

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
5
$261,957
Total Directors
12
$156,969
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC GOLDEN PRESIDENT&CEO, DIRECTOR 13.1
Officer Director
$39,928 $4,572 $156,969
CALVIN BOOZER DIRECTOR OF FACILITIES 13.1
Officer
$26,706 $3,058 $104,988
CHARLES ROACH CHAIR 1.0
Officer Director
$0 $0 $0
CANDY CHESSER VICE CHAIR, SECRETARY 1.0
Officer Director
$0 $0 $0
RICHARD PECTOL TREASURER 1.0
Officer Director
$0 $0 $0
MICHAEL BLACKWELL DIRECTOR 1.0
Director
$0 $0 $0
SHERI BURCH NORRIS DIRECTOR 1.0
Director
$0 $0 $0
BETH COOPER JOSEPH DIRECTOR 1.0
Director
$0 $0 $0
DARLENE JOHNSON DIRECTOR 1.0
Director
$0 $0 $0
MICKEY RAMOS DIRECTOR 1.0
Director
$0 $0 $0
MELANIE TRIFONE Director 1.0
Director
$0 $0 $0
KATHY FRANZEN Director 1.0
Director
$0 $0 $0
ROBERT LANE TENANT REPRESENTATIVE 1.0
Director
$0 $0 $0
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
2023 $904,079 $711,407 No data $192,672
2022 $949,094 $1,106,915 $1,804,218 $-157,821
2021 $1,010,573 $871,262 $1,916,248 $139,311
2020 $910,136 $909,016 $1,875,720 $1,120
2019 $929,335 $892,095 $1,967,596 $37,240
2018 $914,625 $829,117 $2,000,634 $85,508
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