Cathedral Arms Inc
- Assets
- $37.0m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 5
- Location
- San Diego, CA
- Founding
- 07/2003
- Data as of
- 12/2023
- EIN
- 30-0169764
Organization Overview
Cathedral Arms Inc is located in San Diego, CA. The organization was established in 2003. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Cathedral Arms Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cathedral Arms Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Cathedral Arms Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A FEDERALLY SUBSIDIZED APARTMENT COMPLEX OF 206 UNITS TO LOW INCOME ELDERLY (62 YEARS OF AGE OR OLDER) PERSONS UNDER HUD PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CATHEDRAL ARMS OPERATED A FEDERALLY SUBSIDIZED APARTMENT COMPLEX OF 206 UNITS TO LOW INCOME ELDERLY (62 YEARS OF AGE OR OLDER) PERSONS UNDER HUD PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emil J Wohl President | OfficerTrustee | 1 | $0 |
Al Deberardinis Director | Trustee | 1 | $0 |
Robert L Rentto Secretary/cfo | OfficerTrustee | 1 | $0 |
James A Chatfield Director | Trustee | 1 | $0 |
Drew Hubbell Director | Trustee | 1 | $0 |
Michael Gibson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community A Design Collective Bulding Development | 12/30/21 | $137,500 |
Falkenberggilliam & Assoc Management | 12/30/21 | $228,509 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,778,531 |
| Investment income | $711,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,489,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $357,138 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,239 |
| Payroll taxes | $24,735 |
| Fees for services: Management | $147,114 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,317 |
| Advertising and promotion | $2,307 |
| Office expenses | $37,805 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $358,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $313,728 |
| Insurance | $135,632 |
| All other expenses | $2,883 |
| Total functional expenses | $2,900,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,573 |
| Savings and temporary cash investments | $8,167,193 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $207,518 |
| Net Land, buildings, and equipment | $12,072,273 |
| Investments—publicly traded securities | $13,903,090 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $51,069 |
| Other assets | $2,385,162 |
| Total assets | $37,016,493 |
| Accounts payable and accrued expenses | $114,181 |
| Grants payable | $0 |
| Deferred revenue | $5,916 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,292,029 |
| Unsecured mortgages and notes payable | $2,019,870 |
| Other liabilities | $819,006 |
| Total liabilities | $11,251,002 |
| Net assets without donor restrictions | $25,765,491 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $37,016,493 |