Cedar Lake Residences Inc

Organization Overview

Cedar Lake Residences Inc is located in Louisville, KY. The organization was established in 1995. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Cedar Lake Residences Inc employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Lake Residences 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, Cedar Lake Residences Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $6.9m 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

CEDAR LAKE RESIDENCES, INC. PROVIDES A WIDE ARRAY OF COMMUNITY SUPPORT. (SEE SCHEDULE O) THE SUPPORT INCLUDES COMMUNITY-BASED RESIDENTIAL OPTIONS, HOUSING OPTIONS, DAY PROGRAMS AND SUPPORT FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN JEFFERSON COUNTY, KENTUCKY AND THE SURROUNDING AREA. CEDAR LAKE RESIDENCES PROVIDES MANAGEMENT SERVICES FOR ALL CEDAR LAKE - HUD CORPORATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CEDAR LAKE RESIDENCES DELIVERED A WIDE ARRAY OF COMMUNITY-BASED RESIDENTIAL OPTIONS, COMMUNITY ACCESS, SUPORTED EMPLOYMENT, ADULT DAY, CASE MANGEMENT AND OTHER IN-HOME SUPPORT TO OVER 130 ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. CEDAR LAKE FOUNDATION PROVIDED NEED-BASED FINANCIAL ASSISTANCE OF $1,083,933 TO CEDAR LAKE RESIDENCES FOR INDIGENT CARE NEED AS WELL AS COVERING SHORTFALLS IN MEDICAID FUNDING.


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Board, Officers & Key Employees

Name (title)Compensation
Lynn Wilkerson
Treasurer
$0
Bryan Bain
Secretary
$0
Greg Wellman
Vice Chair
$0
Bruce Beickman
Chair
$0
Jason Squires
Chief Operating Officer
$0
R Chris Stevenson
President & CEO (thru 9.2021)
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,150,666
Government grants $1,126,734
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$2,277,400
Total Program Service Revenue$5,316,199
Investment income $6,923
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $15,625
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,918,008

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Cedar Lake Residences Inc has recieved totaling $1,150,666.

Awarding OrganizationAmount
Cedar Lake Foundation Inc

Louisville, KY

PURPOSE: SUPPLEMENT GOVERNMENT FUNDING FOR SUPPORTED LIVING PROGRAMS OF INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES LIVING IN HOUSING UNITS OWNED BY RELATED ORGANIZATIONS. GRANTS FOR PURCHASE OF CAPITAL ITEMS AND IMPROVEMENTS.

$1,150,666
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$280,695
Earnings$20,109
Net Contributions$8,557
Other Expense$10,460
Ending Balance$298,901

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