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

1981

Legal Domicile

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 help residents age at the senior living community with maximum dignity, independence, and quality of life.

Program Service Accomplishments

Program 1

Expenses: $688,059 Revenue: $238,221

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...

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 (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

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

$261,957

Total Directors

$156,969

Key Employees

Highest Compensated

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

Cedar Lane Senior Living Community II Inc