Cedarbrook Village Incorporated

Analysis

Cedarbrook Village Incorporated is a registered charity in United States, based in New Hartford, NY. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cedarbrook Village Incorporated reported income of $2.7m and spending of $2.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.7m (+31%), an average of +7.1% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cedarbrook Village Incorporated sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Courage Connection ($2.7m), Satellite Senior Homes III Inc ($2.7m) and Habitat for Humanity Fresno Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $141k (5.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.1m against liabilities of $2.1m, net assets of $4.0m. It reported 81 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.