CEDAR LAKE RESIDENCES 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

1993

Legal Domicile

Principal Officer

RICK DAVIS

Phone

5024954946

Tax Period

2024-01-01 to 2024-12-31

CEDAR LAKE RESIDENCES INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $8.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

OUR VISION IS OF A COMMUNITY WHERE THOSE WITH AND WITHOUT DISABILITIES LEARN TO SHARE AND ENRICH EACH OTHER'S LIVES THROUGH MEANINGFUL INTERACTIONS THAT CULTIVATE MUTUAL RESPECT AND UNCONDITIONAL LOVE. OUR MISSION IS TO OFFER HIGHLY COMPASSIONATE, (SEE SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $6,873,796 Revenue: $7,525,860

CEDAR LAKE RESIDENCES DELIVERED A WIDE ARRAY OF COMMUNITY-BASED RESIDENTIAL OPTIONS, COMMUNITY ACCESS, SUPORTED EMPLOYMENT, ADULT DAY AND OTHER IN-HOME SUPPORT TO OVER 116 ADULTS WITH INTELLECTUAL...

CEDAR LAKE RESIDENCES DELIVERED A WIDE ARRAY OF COMMUNITY-BASED RESIDENTIAL OPTIONS, COMMUNITY ACCESS, SUPORTED EMPLOYMENT, ADULT DAY AND OTHER IN-HOME SUPPORT TO OVER 116 ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. CEDAR LAKE FOUNDATION PROVIDED FINANCIAL ASSISTANCE OF $336,871 TO CEDAR LAKE RESIDENCES TO COVER SHORTFALLS IN MEDICAID FUNDING.

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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 $453,254

Program Service Revenue $7,373,019

Investment Income $16,838

Other Revenue $152,841

TOTAL REVENUE $7,995,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,601,531

Fundraising Expenses $0

Program Expenses $6,873,796

Other Expenses $2,427,701

TOTAL EXPENSES $8,029,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,995,952	$7,216,368	+0.1%
Expenses	$8,029,232	$7,919,242	+0.0%
Net Income	$-33,280	$-702,874	-1.0%

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

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

$557,285

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA STIEBLING	DIRECTOR	1.00	Director	$0	$0	$0
NICK GARBER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICIA ELLISON	TREASURER	1.00	Officer Director	$0	$0	$0
WENDY GONZALES	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE BEICKMAN	CHAIR	1.00	Officer Director	$0	$0	$0
CAIT WHATLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAM WALDNER	DIRECTOR	1.00	Director	$0	$0	$0
JASON SQUIRES	CHIEF OPERATING OFFICER (THRU 1.2024)	13.00	Officer	$0	$930	$66,423
RICK DAVIS	PRESIDENT AND CEO	13.00	Officer	$0	$11,133	$298,171
MARGARET WAUGH	VP OF FINANCE	13.00	Officer	$0	$19,952	$192,691
ILESE ANDERSON	EXECUTIVE DIRECTOR	40.00	Highest	$104,709	$23,825	$128,534

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
2025	No data	No data	No data	No data
2024	$7,995,952	$8,029,232	$2,984,337	$-33,280
2023	$7,216,368	$7,919,242	$2,944,769	$-702,874
2022	$7,496,378	$6,970,902	$2,935,723	$525,476
2021	$7,918,008	$6,883,748	$2,301,086	$1,034,260
2020	$5,741,822	$7,179,751	$2,589,544	$-1,437,929
2019	$6,990,273	$7,563,699	$2,651,899	$-573,426
2018	$5,827,847	$6,841,317	$3,342,740	$-1,013,470