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Cottage Grove Place

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421412375 ✦ Cedar rapids, IA ✦ Designated as a 501(c)(3)

Overview

What is Cottage Grove Place?

Cottage Grove Place is a nonprofit retirement facility located at 2115 First Avenue SE, Cedar Rapids, IA, 52402. With a total of 279 employees, the organization provides housing and healthcare services to its residents through the operation of a Continuing Care Retirement Community (CCRC). The facility comprises 183 independent living units, 43 assisted living units, 18 assisted living memory care units, 52 nursing care beds, and 12 special care units. Approximately six in ten of these units were occupied at the end of the year. Cottage Grove Place aims to enhance the lives of its residents by offering a range of housing options and related healthcare services.


Official website here: www.cottagegroveplace.com

Is Cottage Grove Place legitimate?

Cottage Grove Place is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cottage Grove Place submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $260,742
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,113,443

For more financial information, click here


Official website here: www.cottagegroveplace.com

What is the mission statement of Cottage Grove Place?

Cottage Grove Place is dedicated to offering housing, healthcare, and related services to its residents through the operation of a retirement facility. The mission of this organization is to provide a comprehensive living solution for seniors, encompassing both independent and assisted living options, as well as memory care, nursing care, and special care units. Approximately six in ten of the available units were occupied at year's end, accommodating a significant number of seniors in need of these essential services. The retirement facility strives to enhance the quality of life for its residents by addressing their housing, healthcare, and related needs within a single community.


Official website here: www.cottagegroveplace.com

Who is the CEO of Cottage Grove Place?

David Snyder is the Chairman of Cottage Grove Place.


Official website here: www.cottagegroveplace.com

What is the revenue of Cottage Grove Place?

Cottage Grove Place's revenue in 2022 was $16,665,805.


Official website here: www.cottagegroveplace.com

Who are the executives of Cottage Grove Place and what are their salaries?

The average compensation at Cottage Grove Place during 2022 was $19,262. There are 279 employees and 12 volunteers at Cottage Grove Place.

Here are 14 key members and their salaries:

    David Snyder (Executive Director)
  • Compensation: $161,552
  • Related: $0
  • Other: $10,192

    • Greg Olbekson (Finance Director)
  • Compensation: $79,930
  • Related: $0
  • Other: $9,068

    • Tad Cooper (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Landis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Ginsburg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Douglas Heath (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pr Steven J Knudson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phil Lenzen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeremy Mead (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tory Meiberg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leland Smithson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Craig Davis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ed Sherman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jana Nassif (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.cottagegroveplace.com

    Where can I find the form 990 for Cottage Grove Place?

    The Cottage Grove Place’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cottagegroveplace.com

    Learn more at the official website: www.cottagegroveplace.com

    Mission Statement of Cottage Grove Place

    Cottage Grove Place, a renowned retirement facility, is dedicated to providing housing, healthcare, and related services to its residents. The organization's mission is threefold: to offer a living environment that caters to the needs of elderly individuals, to ensure access to essential healthcare services, and to deliver additional related services that enhance the quality of life for its residents.

    Cottage Grove Place operates with a commitment to accommodating a diverse range of needs. It houses 183 independent living units, 43 assisted living units, 18 memory care assisted living units, 52 nursing care beds, and 12 special care units. Approximately six out of ten of these units were occupied at the end of the year, highlighting the facility's ability to cater to a substantial number of individuals.

    Cottage Grove Place goes beyond the basics of housing and healthcare. It offers a comprehensive living experience to its residents, ensuring they have access to the care and support they require to thrive. The facility's services are tailored to meet various needs, from independent living for those who require minimal assistance, to assisted living for those who may need additional support, and round-the-clock nursing care for those with more complex health concerns. By providing a wide range of housing options and care services under one roof, Cottage Grove Place is able to create an inclusive and supportive community for its residents.

    Impact

    This information is meant to be a general summary of Cottage Grove Place. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Cottage Grove Place's impact is significant as it provides crucial housing, health care, and related services to residents through the operation of a retirement facility. With a variety of living options available, including independent living units, assisted living units, memory care units, nursing care beds, and special care units, Cottage Grove Place caters to the diverse needs of its residents. The facility plays a vital role in supporting the well-being and comfort of its residents, ensuring they receive the care and services necessary for their quality of life.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-7,757
  • Program Service Revenue: $15,411,197
  • Gross Receipts: $16,675,100

    • Assets and Liabilities:
  • Total Assets: $57,553,702
  • Total Liabilities: $61,934,201
  • Net Assets: -$4,380,499
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RESIDENT SERVICES

    Revenue

    $13,063,660

    ENTRANCE FEES & AMORTIZATION

    Revenue

    $2,345,233

    SALON RENT

    Revenue

    $2,304

    Organization Details

    Founding Year

    1992

    Principal Officer

    David Snyder

    Main Address

    2115 FIRST AVENUE SE, CEDAR RAPIDS, IA, 52402

    NTEE Category

    Code: P750 - Human services

    If you are a representative of Cottage Grove Place and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.