Cedars Elderly Home Inc

Organization Overview

Cedars Elderly Home Inc is located in Methuen, MA. The organization was established in 2003. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedars Elderly Home Inc 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, Cedars Elderly Home Inc generated $456.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $525.2k during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 TO LOW-INCOME ELDERLY INDIVIDUALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

31 APARTMENT UNITS RENTED TO LOW-INCOME ELDERLY INDIVIDUALS.


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Board, Officers & Key Employees

Name (title)Compensation
Christine Touma-Conway
President
$0
Paul Boshar
Secretary
$0
Carol Mcgravey
Treasurer
$0
David Beshara
Director (as Of 10/21)
$0
Robert Haffty
Director
$0
Steven Kfoury
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $290,279
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$290,279
Total Program Service Revenue$160,059
Investment income $90
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $456,128

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