Cascade Manor Inc
- Assets
- $38.0m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 194
- Location
- Eugene, OR
- Founding
- 09/1968
- Data as of
- 09/2023
- EIN
- 93-0557803
Organization Overview
Cascade Manor Inc is located in Eugene, OR. The organization was established in 1968. 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 09/2023, Cascade Manor Inc employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cascade Manor 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 09/2023, Cascade Manor Inc generated $12.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $14.6m during the year ending 09/2023. While expenses have increased by 3.6% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CASCADE MANOR, INC.'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE CARE AND HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASCADE MANOR, INC. IS A CONTINUING CARE RETIREMENT COMMUNITY, DEDICATED TO ENHANCING OUR RESIDENTS' QUALITY OF LIFE IN A STIMULATING, SECURE ENVIRONMENT. WE PROVIDE HIGH-QUALITY SERVICES INCLUDING HOUSING, NUTRITIOUS MEALS, NURSING, HOUSEKEEPING, MAINTENANCE, AND OTHER SUPPORT TO THOSE WE SERVE. OUR LEVELS OF SERVICE INCLUDE INDEPENDENT LIVING, RESIDENTIAL LIVING, AND SKILLED NURSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Wetzel Executive Director (through Jan 2023) | Officer | 39 | $230,410 |
Alexandra Schulte Director Of Nursing | 40 | $113,643 | |
Donald Hirst President | OfficerTrustee | 1 | $0 |
Laurie Bullard Vice President | OfficerTrustee | 1 | $0 |
Bill Van Vactor Secretary/treasurer | OfficerTrustee | 1 | $0 |
Hannah Dean Resident Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Essex General Construction Construction | 9/29/23 | $214,830 |
Prs Management Management Services | 9/29/23 | $188,788 |
Living Concepts Landscape Services Landscaping | 9/29/23 | $105,808 |
Imperial Floor Flooring | 9/29/23 | $118,604 |
Express Employment Professionals Employment Services | 9/29/23 | $101,419 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,603 |
| Total Program Service Revenue | $12,304,296 |
| Investment income | $277,302 |
| Tax Exempt Bond Proceeds | $1 |
| Royalties | $0 |
| Net Rental Income | $49,748 |
| Net Gain/Loss on Asset Sales | -$254,051 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,720,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $165,108 |
| Compensation of current officers, directors, key employees. | $165,108 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,926,266 |
| Pension plan accruals and contributions | $153,893 |
| Other employee benefits | $779,138 |
| Payroll taxes | $402,919 |
| Fees for services: Management | $792,447 |
| Fees for services: Legal | $7,402 |
| Fees for services: Accounting | $16,799 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,314 |
| Fees for services: Other | $1,066,641 |
| Advertising and promotion | $108,837 |
| Office expenses | $281,612 |
| Information technology | $203,528 |
| Royalties | $0 |
| Occupancy | $943,580 |
| Travel | $79,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,511 |
| Interest | $939,523 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,056,895 |
| Insurance | $129,636 |
| All other expenses | $0 |
| Total functional expenses | $14,578,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $845,715 |
| Savings and temporary cash investments | $112,865 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $279,076 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $110,321 |
| Prepaid expenses and deferred charges | $168,010 |
| Net Land, buildings, and equipment | $28,179,434 |
| Investments—publicly traded securities | $7,949,134 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $376,426 |
| Total assets | $38,020,981 |
| Accounts payable and accrued expenses | $994,343 |
| Grants payable | $0 |
| Deferred revenue | $5,818,359 |
| Tax-exempt bond liabilities | $18,398,235 |
| Escrow or custodial account liability | $76,500 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,293,478 |
| Total liabilities | $60,580,915 |
| Net assets without donor restrictions | -$22,647,781 |
| Net assets with donor restrictions | $87,847 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,020,981 |