Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,971,161

• 2a · Program service revenue: RENTAL INCOME

  total $1,085,178 · related or exempt $1,085,178

• 2b · Program service revenue: MANAGEMENT REVENUE

  total $43,623 · related or exempt $43,623

• 3 · Investment income

  total $22,280 · excluded $22,280

• 7b · Less cost or other basis and sales expenses

  other assets $11,188

• 7c · Gain or loss

  other assets -$11,188

• 7d · Net gain or loss

  total -$11,188 · related or exempt -$11,188

• 11a · Other revenue: OTHER TENANT CHARGES

  total $114,168 · related or exempt $114,168

• 11b · Other revenue: LAUNDRY INCOME

  total $36,866 · related or exempt $36,866

• 11e · Other revenue, total

  $151,034

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $261,842 · program services $261,842

• 7 · Other salaries and wages

  total $899,188 · program services $899,188

• 9 · Other employee benefits

  total $168,782 · program services $168,782

• 10 · Payroll taxes

  total $87,667 · program services $87,667

• 11a · Fees: management

  total $124,740 · management and general $124,740

• 11b · Fees: legal

  total $20,108 · management and general $20,108

• 11c · Fees: accounting

  total $36,381 · management and general $36,381

• 11g · Fees: other

  total $110,025 · program services $97,130 · management and general $12,895

• 12 · Advertising and promotion

  total $13,566 · management and general $13,566

• 13 · Office expenses

  total $43,091 · program services $18,433 · management and general $24,658

• 16 · Occupancy

  total $453,268 · program services $453,268

• 17 · Travel

  total $4,556 · program services $4,556

• 20 · Interest

  total $341,977 · program services $341,977

• 22 · Depreciation, depletion and amortization

  total $407,899 · program services $407,899

• 23 · Insurance

  total $2,180 · program services $2,180

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $349,410 · program services $349,410

• 24b · Other expenses: BAD DEBT

  total $196,062 · management and general $196,062

• 24c · Other expenses: PROGRAM EXPENSES

  total $20,905 · program services $20,905

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,455,908 · end of year $845,798

• 2 · Savings and temporary cash investments

  beginning of year $715,222 · end of year $832,336

• 4 · Accounts receivable

  beginning of year $1,812 · end of year $12,055

• 9 · Prepaid expenses and deferred charges

  beginning of year $31,494 · end of year $43,725

• 10a · Land, buildings and equipment: cost or other basis

  $15,983,378

• 10b · Land, buildings and equipment: accumulated depreciation

  $11,630,415

• 10c · Land, buildings and equipment, net

  beginning of year $3,978,486 · end of year $4,352,963

• 15 · Other assets

  beginning of year $482,872 · end of year $348,375

• 17 · Accounts payable and accrued expenses

  beginning of year $224,369 · end of year $132,756

• 19 · Deferred revenue

  beginning of year $75,725 · end of year $46,347

• 21 · Escrow or custodial account liability

  beginning of year $91,557 · end of year $100,776

• 23 · Secured mortgages and notes payable

  beginning of year $5,038,485 · end of year $5,000,540

• 25 · Other liabilities

  beginning of year $161,457 · end of year $360,191

• 27 · Net assets without donor restrictions

  beginning of year $1,074,201 · end of year $794,642

The filer's explanations (Part III)

PART I, LINE 7

INDIVIDUALS RECEIVED PERFORMANCE BONUS, WHICH WAS APPROVED BY THE BOARD OF DIRECTORS.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CEDAR LANE SENIOR LIVING COMMUNITY LLC

  C · RENTAL HOUSING · MD