Better Business Bureau Report for
Cedar Lake

Better Business Bureau Report issued September 2017
Better Business Bureau Report expires September 2018


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
Address: 9505 Williamsburg Plaza, Ste. 200
  Louisville, KY 40222
Phone: 502-495-4946
Web Address: www.cedarlake.org
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Better Business Bureau Comments

Year, State Incorporated: 1970, Kentucky
Affiliates: None
Stated Purpose: Cedar Lake's mission is to offer highly compassionate, capable care for people with intellectual and developmental disabilities so they may experience a life of abundant possibilities.

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Evaluation Conclusions

              

Cedar Lake meets the 20 Standards for Charity Accountability.
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Programs

              

Cedar Lake operates as follows: Cedar Lake Lodge and Cedar Lake Park Place operate a state-licensed 87-bed intermediate care health facilities for people 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 people with intellectual and developmental disabilities, including 24-hour staffed homes;12-hour staffed homes and apartments; a group home; transitional homes; supported independent living apartments; in-home services; and an adult day program at its Cedar Lake Enrichment Center. Cedar Lake Residences also provides management for 14 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 those supported in the program 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, 2016, Cedar Lake's program expenses were:

  
Program Services 25,821,435
Total Program Expenses: $25,821,435
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Governance

              

Chief Executive : R. Chris Stevenson, President/CEO
Compensation*: 
$

Chair of the Board: John Willis
Chair's Profession / Business Affiliation: Vice President VITOK Engineers, Inc.

Board Size: 27

Paid Staff Size: 440

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

Methods of fund raising include direct mail, telephone, invitations to fund raising events, print advertisements, grant proposals, internet, planned giving arrangements, cause-related marketing, and membership.
Fund raising costs were 19% of related contributions. (Related contributions, which totaled $3,653,950, 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 Cedar Lake Residences, Cedar Lake Lodge, and Cedar Lake Foundation's audited financial statements - combined for the fiscal year ended December 31, 2016.

Ending net assets as reported below include $36,422,148 in unrestricted net assets, $622,322 in temporarily restricted net assets, and $1,135,296 in permanently restricted net assets.

Total assets as reported include $10,581,342 invested in property, land, and equipment.

Source of Funds  
Resident/Client Fees 26,372,354
Donations & Grants 2,446,118
Net Unrealized Gain On Investments 1,271,252
Salvage Program 893,646
Dividend Income 574,173
Gain on Sale of Assets 474,420
Management Fees 333,901
Special Events, net 314,186
Interest Income 80,468
Other 33,197
Net Realized Gain on Investments -643,544
Total Income $32,150,171


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Uses of Funds as a % of Total Expenses

Programs: 82%  Fund Raising: 2%  Administrative: 16% 

Total income $32,150,171
Program expenses $25,821,435
Fund raising expenses 685,668
Administrative expenses 5,074,222
Total expenses $31,581,325
Income in Excess of Expenses 568,846
Beginning net assets 37,610,920
Ending net assets 38,179,766
Total liabilities 3,823,456
Total assets $42,003,222


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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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