CEDAR RIDGE APARTMENTS INC

EIN: 770590975 501(c)(3) Housing & Shelter

MELBOURNE, AR

Total Revenue
$68,680
Total Expenses
$90,396
Total Assets
$504,351
Net Assets
$491,701
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
AR
Principal Officer
KATY BLEVINS
Phone
8703685200
Tax Period
2022-07-01 to 2023-06-30

CEDAR RIDGE APARTMENTS INC, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $58K in total revenue in fiscal year 2018. Revenue decreased 5% compared to the prior year. Expenses of $77K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO PROVIDE HOUSING WITH FEDERAL ASSISTANCE TO LOW INCOME FAMILIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $22,294
Program Service Revenue $46,049
Investment Income $337
Other Revenue $0
TOTAL REVENUE $68,680

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $70,498
Other Expenses $90,396
TOTAL EXPENSES $90,396

Year-over-Year Comparison

2022 2021 Change
Revenue $68,680 $63,512 +0.1%
Expenses $90,396 $83,278 +0.1%
Net Income $-21,716 $-19,766 +0.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE CONE PRESIDENT N/A
Director
$0 $0 $0
BRIDGET MCSPADDEN DIRECTOR N/A
Director
$0 $0 $0
MATT RUSH DIRECTOR N/A
Director
$0 $0 $0
KATY BLEVINS EXECUTIVE DI N/A
Officer
$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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $68,680 $90,396 $504,351 $-21,716
2022 $63,512 $83,278 $522,932 $-19,766
2021 $59,090 $79,765 $548,512 $-20,675
2020 $62,105 $77,229 $561,158 $-15,124
2019 $58,072 $77,276 $575,270 $-19,204
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