Better Business Bureau Report for
Cedar Lake

Better Business Bureau Report issued July 2014
Better Business Bureau Report expires July 2016


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: 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: 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 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. Cedar Lake Residences also provides management for 11 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, 2013, Cedar Lake's program expenses were:

  
Total Program Expenses: $
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Governance

              

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

Chair of the Board: John Willis
Chair's Profession / Business Affiliation: Engineer

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

Chair's Profession / Business Affiliation: Physician, the Hubbard Clinic

Co-Chair of the Board : Cathy Dusel

Chair's Profession / Business Affiliation: Retired Teacher

Board Size: 40

Paid Staff Size: 430

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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 23% of related contributions. (Related contributions, which totaled $2,597,662, 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, 2013.

Ending net assets as reported below include $35,134,985 in unrestricted net assets , $2,163,776 in temporarily restricted net assets, and $1,210,256 in permanently restricted net assets.

Total assets as reported include $9,911,987 invested in property, land, and equipment.

Source of Funds  
Resident/Client Fees 23,798,068
Donations and Grants 2,210,540
Net Unrealized Gain on Investments 1,408,915
Dividend Income 746,499
Management Fees 449,683
Special Events, Net 228,900
Salvage Program 158,222
Interest Income 54,379
Net Realized Gain on Investments 26,324
Total Income $29,081,530


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Uses of Funds as a % of Total Expenses

Programs: 83%  Fund Raising: 2%  Administrative: 15% 

Total income $29,081,530
Program expenses $21,074,774
Fund raising expenses 600,881
Administrative expenses 3,931,825
Total expenses $25,607,480
Income in Excess of Expenses 3,474,050
Beginning net assets 35,013,967
Other Changes in Net Assets 21,000
Ending net assets 38,509,017
Total liabilities 3,753,707
Total assets $42,262,724


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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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