Cedars Inc
- Assets
- $23.9m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 249
- Location
- Mcpherson, KS
- Founding
- 09/2016
- Data as of
- 06/2022
- EIN
- 48-0566683
Organization Overview
Cedars Inc is located in Mcpherson, KS. The organization was established in 2016. 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 06/2022, Cedars Inc employed 249 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cedars 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 06/2022, Cedars Inc generated $10.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $11.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CEDARS IS A RETIREMENT COMMUNITY COMMITTED TO PROVIDING COMPREHENSIVE HEALTH AND WELLNESS SERVICES, QUALITY LIVING OPTIONS, AND A COMPASSIONATE CHRISTIAN ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RESIDENT CARE, INCLUDING ROOM AND BOARD FOR RESIDENTS AS WELL AS PROVIDE INDEPENDENT LIVING PROGRAMS FOR RESIDENTS WHO REQUIRE LESS ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Cullinane Board Member | Trustee | 1 | $0 |
David Ferrell Treasurer | OfficerTrustee | 2 | $0 |
Ruth Fraser Board Member | Trustee | 1 | $0 |
Dave Fruth Board Member | Trustee | 1 | $0 |
Bryan Hess Board Member | Trustee | 1 | $0 |
Jodi Holloway Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fresh Ideas Food Mgmt | 6/29/22 | $806,902 |
National Therapeutic Associates Phys Therapy | 6/29/22 | $341,787 |
Rehabvisions Phys Therapy | 6/29/22 | $235,841 |
Trinity United Llc Nursing | 6/29/22 | $214,282 |
Summit Care Phys Therapy | 6/29/22 | $155,054 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,210 |
| Investment income | $153,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $66,219 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,259,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,039,722 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $383,972 |
| Payroll taxes | $308,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,439 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,866,666 |
| Advertising and promotion | $56,964 |
| Office expenses | $367,047 |
| Information technology | $79,613 |
| Royalties | $0 |
| Occupancy | $726,394 |
| Travel | $71,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $339,462 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,510,048 |
| Insurance | $256,905 |
| All other expenses | $0 |
| Total functional expenses | $11,927,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $962,604 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,705 |
| Accounts receivable, net | $1,144,872 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,855 |
| Prepaid expenses and deferred charges | $170,062 |
| Investments—publicly traded securities | $4,308,009 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $405,051 |
| Total assets | $23,880,717 |
| Accounts payable and accrued expenses | $467,657 |
| Grants payable | $0 |
| Deferred revenue | $816,686 |
| Tax-exempt bond liabilities | $8,360,542 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,092,472 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,513,447 |
| Total liabilities | $23,250,804 |
| Net assets without donor restrictions | $52,064 |
| Net assets with donor restrictions | $577,849 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $629,913 |