Cottage Grove Place

Organization Overview

Cottage Grove Place is located in Cedar Rapids, IA. The organization was established in 1994. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Cottage Grove Place employed 270 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cottage Grove Place is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Cottage Grove Place generated $13.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $15.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HOUSING, HEALTH CARE & RELATED SERVICES THROUGH OPERATIONS OF A CCRC RETIREMENT FACILITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE RETIREMENT FACILITY CONTAINS 183 INDEPENDENT LIVING UNITS, 41 ASSISTED LIVING UNITS, 18 ASSISTED LIVING MEMORY CARE UNITS, 52 NURSING CARE BEDS AND 12 SPECIAL CARE UNITS FOR ITS RESIDENTS. ABOUT 65% OF THESE UNITS WERE OCCUPIED AT YEAR END.


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Board, Officers & Key Employees

Name (title)Compensation
David Snyder
Executive Director
$138,021
Greg Olbekson
Finance Director
$74,030
Tad Cooper
Chairman
$0
Don Mosier
Vice Chairman
$0
Dick Heft
Secretary/treasurer
$0
Richard Landis
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Blusky Restoration Contractors Llc
Storm Damage Repairs
$1,285,916
Encore Rehabilitation Services
On-site Therapy
$445,677
Opn Architects Inc
Architectural Services
$250,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $223,618
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$223,618
Total Program Service Revenue$13,301,590
Investment income $299
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,323
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,524,184

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