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

1997

Legal Domicile

Principal Officer

ERIC GOLDEN

Phone

3014758966

Tax Period

2024-01-01 to 2024-12-31

CEDAR LANE SENIOR LIVING COMMUNITY III INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $532K in total revenue in fiscal year 2024.

Mission

TO PROVIDE FOR ELDERLY AND DISABLED PERSONS RENTAL HOUSING AND RELATED FACILITIES AND SERVICES ESPECIALLY DESIGNED TO CONTRIBUTE TO THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE ELDERLY AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY, AND USEFULNESS IN LIVING.

Program Service Accomplishments

Program 1

Expenses: $444,128 Revenue: $527,502

CEDAR LANE SENIOR LIVING COMMUNITY III, INC. BEGAN OPERATIONS DURING 2002. THE ENTITY OWNS AND OPERATES A 30-UNIT HOUSING PROJECT FOR THE ELDERLY IN LEONARDTOWN, MARYLAND. IN CONJUNCTIONWITH THE...

CEDAR LANE SENIOR LIVING COMMUNITY III, INC. BEGAN OPERATIONS DURING 2002. THE ENTITY OWNS AND OPERATES A 30-UNIT HOUSING PROJECT FOR THE ELDERLY IN LEONARDTOWN, MARYLAND. IN CONJUNCTIONWITH THE RENTAL UNITS, THE ENTITY PROVIDES SUPPORT SERVICES THAT INCLUDE A DINING FACILITY.

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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 $3,768

Program Service Revenue $477,433

Investment Income $448

Other Revenue $50,069

TOTAL REVENUE $531,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,942

Fundraising Expenses $0

Program Expenses $444,128

Other Expenses $371,168

TOTAL EXPENSES $577,110

Year-over-Year Comparison

	2024	2023	Change
Revenue	$531,718	$540,647	0.0%
Expenses	$577,110	$587,501	0.0%
Net Income	$-45,392	$-46,854	0.0%

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

$296,336

Total Directors

$188,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC GOLDEN	PRESIDENT, CEO, DIRECTOR	7.70	Officer Director	$28,191	$5,492	$188,550
CANDY CHESSER	CHAIR	1.00	Officer Director	$0	$0	$0
JIMMY HAYDEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DENNIS NICHOLSON	TREASURER	1.00	Officer Director	$0	$0	$0
KATHY FRANZEN	SECRETARY	1.00	Officer Director	$0	$0	$0
SHERI BURCH NORRIS	DIRECTOR	1.00	Director	$0	$0	$0
BETH COOPER JOSEPH	DIRECTOR	1.00	Director	$0	$0	$0
DARLENE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MICKEY RAMOS	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE TRIFONE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LANE	TENANT REPRESENTATIVE	1.00	Director	$0	$0	$0
CALVIN BOOZER	DIRECTOR OF FACILITIES	7.70	Officer	$16,116	$3,139	$107,786

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	$531,718	$577,110	$2,185,528	$-45,392
2023	$540,647	$587,501	$2,321,131	$-46,854
2022	$479,813	$594,263	$2,050,840	$-114,450
2021	$613,916	$581,608	$2,282,318	$32,308
2020	$481,863	$547,506	$2,549,570	$-65,643
2019	$554,447	$587,167	$2,403,922	$-32,720
2018	$642,817	$618,253	$2,490,826	$24,564

CEDAR LANE SENIOR LIVING COMMUNITY III INC