Better Business Bureau Report for
Cedar Lake, Inc.

Better Business Bureau Report issued May 2012
Better Business Bureau Report expires July 2014


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Cedar Lake, Inc.
Address: 7984 New LaGrange Road
  Louisville, KY 40222
Phone: 502-425-5323
Web Address: www.cedarlake.org
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Better Business Bureau Comments

Year, State Incorporated: 1970, Kentucky
Affiliates: None
Stated Purpose: The mission of Cedar Lake is to provide residential options, housing, services and supports designed to meet the individual needs of adults with intellectual and developmental disabilities.

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Evaluation Conclusions

              

Cedar Lake, Inc. meets the 20 Standards for Charity Accountability.
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Programs

              

Cedar Lake operates exclusively in the metropolitan Louisville area, and as follows: Cedar Lake Lodge and Cedar Lake Park Place operate state-licensed 87-bed intermediate care health facilities for persons with intellectual and developmental disabilities, with 3 additional respite beds and an outpatient rehabilitation agency. Cedar Lake Residences operates a variety of community-based residences for persons with intellectual and developmental disabilities, including 24-hour staffed homes and apartments; a group home; transitional homes; supported independent living apartments; in-home services; and an adult day health program at its Cedar Lake Enrichment Center. CLR also provides management for 10 HUD housing corporations. Cedar Lake Foundation provides fund-raising, endowment management and public relations. The Foundation is a public charity and also provides direct financial assistance to residents who do not receive adequate government benefits or otherwise have a limited ability to pay, and support for non-reimbursed services.

For the fiscal year ended December 31, 2010, Cedar Lake, Inc.Cedar Lake, Inc. 's program expenses were:

  
Program Services 18,901,218
Total Program Expenses: $18,901,218
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Governance

              

Chief Executive : Chris Stevenson, CEO and President
Compensation*: 

Chair of the Board: Thomas J. Moody
Chair's Profession / Business Affiliation: Thrivent for Lutherans

Co-Chair of the Board : John G. Hubbard, M.D.

Chair's Profession / Business Affiliation: Phyisician, The Hubbard Clinic

Co-Chair of the Board : John Willis

Chair's Profession / Business Affiliation: Brown-Forman

Board Size: 40

Paid Staff Size: 380

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Fund Raising

              

Method(s) Used:

Fund raising methods include direct mail, telephone, invitations to fund raising events, print advertisements, television, radio, a salvage program, grant proposals, internet, planned giving arrangements, cause-related marketing, and memberships.
Fund raising costs were 26% of related contributions. (Related contributions, which totaled $1,525,026, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on the audited financial statements for Cedar Lake Lodge, Cedar Lake Residences, and Cedar Lake Foundation for the year that ended December 31, 2010.

Ending net assets as reported below include $30,330,549 in unrestricted net assets , $430,773 in temporarily restricted net assets, and $1,085,665 in permanently restricted net assets.

Total assets as reported include $9,848,683 invested in property, land, and equipment.

Source of Funds  
Resident/Client Service Fees 18,442,762
Net unrealized (loss) gain on investments 1,642,688
Contributions and grants 1,279,089
Management Fees 375,832
Dividend Income 297,085
Special Events, Net 136,225
Interest Income 115,237
Salvage Program 109,712
Net realized (loss) gain on investments -167,652
Total Income $22,230,978


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Uses of Funds as a % of Total Expenses

Programs: 86%  Fund Raising: 2%  Administrative: 12% 

Total income $22,230,978
Program expenses $18,901,218
Fund raising expenses 391,762
Administrative expenses 2,667,813
Total expenses $21,960,793
Income in Excess of Expenses 270,185
Beginning net assets 25,090,830
Other Changes in Net Assets 6,485,972
Ending net assets 31,846,987
Total liabilities 2,063,935
Total assets $33,910,922


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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