philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Cedar Oaks INC FY2022 filing

Tax-deductible

Akron, OH501(c)(3)HousingEIN 34-1552541Revenue $360K in FY2022

On file with the IRS201 W Chestnut St Ste 1, 44307-2300 · Akron, OHTax-exempt since Aug 1987Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To provide housing for elderly and physically handicapped individuals in canton, ohio.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $4K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
152% of total assets
Concern: liabilities are 152% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$360K
-2% vs prior year
Spent
$341K
To programs
87%
Net assets
−$463K
By yearFY2020–FY2025
Revenue
$360K
FY2022▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$334K
FY2021$365K
FY2022$360K
FY2023$375K
FY2024$318K
FY2025$409K
Expenses
$341K
FY2022▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$345K
FY2021$334K
FY2022$341K
FY2023$380K
FY2024$375K
FY2025$407K
Net assets
−$463K
FY2022▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020−$513K
FY2021−$482K
FY2022−$463K
FY2023−$469K
FY2024−$526K
FY2025−$524K

From the FY2022 Form 990 (year ending September 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $296K Management & general 13% · $45K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Ray Weber
Treasurer
$0Pt VII · Sec A
Kim Arnold
Secretary
$0Pt VII · Sec A
Lance Reed
Vice President
$0Pt VII · Sec A
Joe Dennis
Trustee
$0Pt VII · Sec A
Gary Hagen
Executive Director
$0Pt VII · Sec A
See Cedar Oaks INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides housing for elderly and physically handicapped individuals in Canton, Ohio.

Questions for Cedar Oaks INC

Tap to ask. Cedar Oaks INC sees how many people are interested.

Your first name shows with your question. Cedar Oaks INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $296K · in their own filed words · FY2021
01

To provide housing and related facilities and services for elderly and low income families and persons on a non-profit basis.

$296Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$360K
Ln 12
Gifts and grantsLn 1h$223K
Fees for servicesLn 2g$136K
Investment incomeLn 3$66
Money outPt IX
$341K
Ln 25
Programscol B$296K
Managementcol C$45K
Owns and owesPt X
−$463K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$894K
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$223K
Government grantsLn 1e$223K
Fees for servicesLn 2g$136K
Investment incomeLn 3$66
Total revenueLn 12$360K
Assets in detailPt X, end of year
CashLn 1$20K
Cash and savings togetherLn 1–2$20K
Land, buildings, equipmentLn 10c$614K
Other assetsLn 15$252K
Total assetsLn 16$894K
LiabilitiesLn 26$1.4M
Net assetsLn 32−$463K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$33K$20K
Land, buildings, equipmentLn 10c$666K$614K
Total assetsLn 16$920K$894K
LiabilitiesLn 26$1.4M$1.4M
Net assetsLn 32−$482K−$463K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$67K$67K
Payroll taxesLn 10$5K$5K
Management feesLn 11a$20K$20K
Accounting feesLn 11c$13K$13K
Office expensesLn 13$12K$12K
OccupancyLn 16$18K$18K
InterestLn 20$64K$64K
Depreciation, depletion and amortizationLn 22$58K$58K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$75K$75K
All other expensesLn 24e$451$451
Total functional expensesLn 25$341K$296K$45K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $409K$407K$2K−$524K 990 PDF
FY2024 $318K$375K−$58K−$526K 990 PDF
FY2023 $375K$380K−$5K−$469K 990 PDF
FY2022 Viewing $360K$341K$19K−$463K 990 PDF
FY2021 $365K$334K$31K−$482K 990 PDF
FY2020 $334K$345K−$11K−$513K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $359,504 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $216,327$223,482
I-9 Program service revenuePrior year $148,773$135,956
I-10 Investment incomePrior year $64$66
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $365,164$359,504
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $51,347$71,847
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $282,621$269,042
I-18 Total expensesPrior year $333,968$340,889
I-19 Revenue less expensesPrior year $31,196$18,615
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $359,504 across 5 lines filed
VIII-1e Government grants$223,482
VIII-1h Total contributions, gifts and grants$223,482
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $135,956$135,956
VIII-3 Investment incomeExcluded from tax $66$66
VIII-12 Total revenueRelated to mission $135,956 · Unrelated business $0 · Excluded from tax $66$359,504
Part IX · Statement of functional expenses $340,889 across 11 lines filed
IX-7 Other salaries and wagesPrograms $66,570$66,570
IX-10 Payroll taxesPrograms $5,277$5,277
IX-11a Management feesManagement $19,680$19,680
IX-11c Accounting feesManagement $13,188$13,188
IX-13 Office expensesManagement $11,853$11,853
IX-16 OccupancyPrograms $17,924$17,924
IX-20 InterestPrograms $63,642$63,642
IX-22 Depreciation, depletion and amortizationPrograms $57,991$57,991
IX-23 InsurancePrograms $9,416$9,416
IX-24 Other expenses (24a–d)Programs $74,897$74,897
IX-24e All other expensesPrograms $451$451
IX-25 Total functional expensesPrograms $296,168 · Management $44,721 · Fundraising $0$340,889
Part X · Balance sheet $893,804 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $33,281$20,347
X-4 Accounts receivableStart of year $1,224$492
X-9 Prepaid expenses and deferred chargesStart of year $6,603$7,162
X-10c Land, buildings and equipment, netStart of year $665,997$614,039
X-15 Other assetsStart of year $212,793$251,764
X-16 Total assetsStart of year $919,898$893,804
X-17 Accounts payable and accrued expensesStart of year $27,477$27,337
X-25 Other liabilitiesStart of year $11,035$10,234
X-26 Total liabilitiesStart of year $1,401,867$1,357,158
X-27 Net assets without donor restrictionsStart of year −$481,969−$463,354
X-32 Total net assets or fund balancesStart of year −$481,969−$463,354
X-33 Total liabilities and net assetsStart of year $919,898$893,804
Part XI · Reconciliation of net assets −$463,354 net assets at year end
XI-1 Total revenue$359,504
XI-2 Total expenses$340,889
XI-3 Revenue less expenses$18,615
XI-4 Net assets at start of year−$481,969
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$463,354

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.