CEDAR CREST VILLAGE 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

1999

Legal Domicile

Principal Officer

MONTY LEONARD

Phone

9738313500

Tax Period

2023-01-01 to 2023-12-31

CEDAR CREST VILLAGE INC, founded in 1999, is a major nonprofit in the Housing & Shelter sector that reported $106.7M in total revenue in fiscal year 2023.

Mission

MISSION STATEMENT - HOME IS BELONGING, PEACE OF MIND, LOVE AND ACCEPTANCE. WELCOME HOME!VISION STATEMENT - CEDAR CREST VILLAGE, INC. CELEBRATES AGING! GROUNDED IN INCLUSION, INNOVATION AND ADVOCACY, WE CREATE UNPARALLELED VALUE AND OPPORTUNITIES FOR EVERY LIFE WE TOUCH. AS PART OF THE NATIONAL SENIOR COMMUNITIES ENTERPRISE, WE LEVERAGE OUR STRONG FINANCIAL FOUNDATION AND GOVERNANCE FOR THE BENEFIT OF SENIORS AND THOSE WHO SUPPORT THEM.

Program Service Accomplishments

Program 1

Expenses: $98,191,408 Revenue: $103,076,250

CEDAR CREST VILLAGE, INC. PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,431 INDEPENDENT LIVING UNITS, 82 ASSISTED LIVING UNITS, AND 113 SKILLED NURSING BEDS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES.

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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 $2,133,964

Program Service Revenue $103,076,250

Investment Income $1,028,316

Other Revenue $431,825

TOTAL REVENUE $106,670,355

Expense Breakdown

Grants Paid $104,276

Salaries & Benefits $43,727,890

Fundraising Expenses $120,345

Program Expenses $98,191,408

Other Expenses $69,429,507

TOTAL EXPENSES $113,261,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$106,670,355	$98,893,689	+0.1%
Expenses	$113,261,673	$105,514,834	+0.1%
Net Income	$-6,591,318	$-6,621,145	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

1336

Volunteers

413

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

$858,689

Total Directors

$1,340,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONTY C LEONARD	CHAIR & PRESIDENT	0.90	Officer Director	$0	$0	$87,500
MARY D COLINS	VICE CHAIR & VP/SECRETARY	0.10	Officer Director	$0	$0	$150,000
EILEEN G ERSTAD	TREASURER	0.10	Officer Director	$0	$0	$167,500
BARBARA C BISGAIER	DIRECTOR	0.10	Director	$0	$0	$110,000
IAN BROWN	DIRECTOR (BEG 4/1/23)	0.10	Director	$0	$0	$65,000
PATRICIA M BROWN	DIRECTOR	0.10	Director	$0	$0	$87,500
REV DR ZINA JACQUE	DIRECTOR	0.10	Director	$0	$0	$215,000
PAMELA D PAULK	DIRECTOR	0.10	Director	$0	$0	$87,500
STEPHANIE L REEL	DIRECTOR	0.10	Director	$0	$0	$150,000
MICHAEL W ROSKIEWICZ	DIRECTOR	0.10	Director	$0	$0	$110,000
RUSSELL SHARP	DIRECTOR (BEG 4/1/23)	0.10	Director	$0	$0	$65,000
C JACKSON BAIN	DIRECTOR (THRU 3/31/23)	0.10	Director	$0	$0	$22,500
ARNOLD SPEERT	DIRECTOR (THRU 3/31/23)	0.40	Director	$0	$0	$22,500
MIRIAM R TAUSNER	RESIDENT DIRECTOR	0.20	Director	$0	$0	$0
NEAL GANTERT	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
CHRIS RATHMANN	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
JOHN HALL	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
MARK EMBLEY	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
KRISTEN COMPTON	EXECUTIVE DIRECTOR	40.00	Officer	$234,693	$7,970	$242,663
JOSEPH PISANO	DIRECTOR, FINANCE	40.00	Officer	$189,295	$21,731	$211,026
ADESUWA STAR	LICENSED PRACTICAL NURSE	40.00	Highest	$213,819	$25,758	$239,577
KRISTIN GUERRERO	DIRECTOR, NURSING	40.00	Highest	$146,051	$12,332	$158,383
KENNETH IDEMUDIA	LICENSED PRACTICAL NURSE	40.00	Highest	$218,336	$17,961	$236,297
KATELYN TANIS	MANAGER, SALES	40.00	Highest	$135,833	$1,434	$137,267
NANCY VAN DYKE	ADMINISTRATOR, HOME CARE	40.00	Highest	$140,829	$11,121	$151,950

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	$106,670,355	$113,261,673	$481,986,129	$-6,591,318
2022	$98,893,689	$105,514,834	$464,736,239	$-6,621,145
2021	$94,228,748	$99,128,478	$458,841,206	$-4,899,730
2020	$75,039,035	$94,167,873	$437,364,101	$-19,128,838
2019	$91,464,513	$94,873,008	$430,830,292	$-3,408,495
2018	$85,365,704	$91,033,802	$417,182,350	$-5,668,098