Cathedral Gerontology Center Inc
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 178
- Location
- Jacksonville, FL
- Founding
- 10/2000
- Data as of
- 09/2023
- EIN
- 59-3622763
Organization Overview
Cathedral Gerontology Center Inc, operating under the name Cathedralcare, is located in Jacksonville, FL. The organization was established in 2000. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2023, Cathedralcare employed 178 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cathedralcare 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 09/2023, Cathedralcare generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (25.1%) each year. All expenses for the organization totaled $3.5m during the year ending 09/2023. 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
THE ORGANIZATION'S PURPOSE WAS TO PROVIDE LONG-TERM NURSING CARE THROUGH THE OPERATION OF A 120-BED SKILLED NURSING FACILITY WHICH IT LEASED FROM CATHEDRAL FOUNDATION OF JACKSONVILLE, INC. ON DECEMBER 30, 2022, THE ORGANIZATION, IN ASSOCIATION WITH THE CATHEDRAL FOUNDATION OF JACKSONVILLE, INC. FINALIZED ACCORDING TO THE TERMS OF BOTH AN ASSET PURCHASE AGREEMENT AND AN OPERATIONAL TRANSITION AGREEMENT FOR THE SALE OF THE NURSING HOME AND THE REAL ESTATE AT 333 ASHLEY, THE SITE OF THE CGC NURSING HOME OPERATION. AS THE RESULT OF THIS SALE, THE ORGANIZATION IS NO LONGER IN THE NURSING HOME OPERATIONS BUSINESS. THE BOARD HAS DECIDED THAT THE ORGANIZATION WILL ONLY MAINTAIN LIMITED FINANCIAL ACTIVITY UNTIL SUCH TIME AS A DETERMINATION IS MADE ON THE STATUS OF ITS APPLICATION WITH THE IRS FOR THE EMPLOYEE RETENTION CREDIT. OTHERWISE, THE ORGANIZATION IS NO LONGER CONSIDERED TO BE A GOING CONCERN IN THE SENSE OF PURSING ITS PREVIOUS LINE OF BUSINESS OPERATIONS AND WILL WIND DOWN ALL BUSINESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED LONG-TERM NURSING CARE THROUGH THE OPERATION A 120-BED SKILLED NURSING FACILITY WHICH IT LEASED FROM CATHEDRAL FOUNDATION OF JACKSONVILLE, INC. ON DECEMBER 30, 2022, THE ORGANIZATION, IN ASSOCIATION WITH THE CATHEDRAL FOUNDATION OF JACKSONVILLE, INC. FINALIZED ACCORDING TO THE TERMS OF BOTH AN ASSET PURCHASE AGREEMENT AND AN OPERATIONAL TRANSITION AGREEMENT FOR THE SALE OF THE NURSING HOME AND THE REAL ESTATE AT 333 ASHLEY, THE SITE OF THE CGC NURSING HOME OPERATION. AS THE RESULT OF THIS SALE, THE ORGANIZATION IS NO LONGER IN THE NURSING HOME OPERATIONS BUSINESS. THE BOARD HAS DECIDED THAT THE ORGANIZATION WILL ONLY MAINTAIN LIMITED FINANCIAL ACTIVITY UNTIL SUCH TIME AS A DETERMINATION IS MADE ON THE STATUS OF ITS APPLICATION WITH THE IRS FOR THE EMPLOYEE RETENTION CREDIT. OTHERWISE, THE ORGANIZATION IS NO LONGER CONSIDERED TO BE A GOING CONCERN IN THE SENSE OF PURSING ITS PREVIOUS LINE OF BUSINESS OPERATIONS AND WILL WIND DOWN ALL BUSINESS ACTIVITY FOR PURPOSES OF DISSOLUTION AS SOON AS IT IS PRACTICAL TO DO SO,
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 |
|---|---|---|---|
Sharon G Brown Vp/administr | Officer | 40 | $137,430 |
Maria Aninon Director Of | 40 | $112,937 | |
Darcel Stuart Business Man | 40 | $108,106 | |
Reuben Brigety Director | Trustee | $0 | |
Edith Hill Director | Trustee | $0 | |
James Jamison Director | Trustee | $0 |
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 | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $1,917,570 |
| Investment income | $2,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$832,905 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,088,381 |
| 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. | $142,198 |
| Compensation of current officers, directors, key employees. | $127,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,061,365 |
| Pension plan accruals and contributions | $351 |
| Other employee benefits | $120,715 |
| Payroll taxes | $92,474 |
| Fees for services: Management | $121,984 |
| Fees for services: Legal | $5,923 |
| Fees for services: Accounting | $50,387 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,410 |
| Advertising and promotion | $93 |
| Office expenses | $50,389 |
| Information technology | $14,780 |
| Royalties | $0 |
| Occupancy | $771,489 |
| Travel | $880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,863 |
| Interest | $22,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,595 |
| Insurance | $326,761 |
| All other expenses | $0 |
| Total functional expenses | $3,462,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,026 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $142,119 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000,000 |
| Total assets | $1,162,145 |
| Accounts payable and accrued expenses | $368,067 |
| Grants payable | $0 |
| Deferred revenue | $333,333 |
| 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 | $4,023,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,478,033 |
| Total liabilities | $9,202,933 |
| Net assets without donor restrictions | -$8,040,788 |
| 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 | $1,162,145 |