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Nonprofiteer
← CATHEDRAL GERONTOLOGY CENTER INC

Form 990 for tax year 2022

Filed by CATHEDRAL GERONTOLOGY CENTER INC.

Totals

Total revenue
$1,088,381
Total expenses
$3,462,217
Contributions and grants received
$1,000
Grants paid
$0
Program service revenue
$1,917,570
Investment income
-$830,189
Other revenue
$0
Total assets, end of year
$1,162,145
Total liabilities, end of year
$9,202,933
Net assets or fund balances, end of year
-$8,040,788
Program services expenses (Part IX)
$2,505,000
Management and general expenses
$957,217
Fundraising expenses
$0
Program service expenses (Part III)
$2,505,000

Program services were 72.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,000

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $1,917,570 · related or exempt $1,917,570

  • 3 · Investment income

    total $2,716 · excluded $2,716

  • 7a · Gross sales of assets other than inventory

    other assets $1,500,000

  • 7b · Less cost or other basis and sales expenses

    other assets $2,332,905

  • 7c · Gain or loss

    other assets -$832,905

  • 7d · Net gain or loss

    total -$832,905 · related or exempt -$832,905

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $142,198 · program services $14,220 · management and general $127,978

  • 7 · Other salaries and wages

    total $1,061,365 · program services $972,488 · management and general $88,877

  • 8 · Pension plan contributions

    total $351 · management and general $351

  • 9 · Other employee benefits

    total $120,715 · program services $99,397 · management and general $21,318

  • 10 · Payroll taxes

    total $92,474 · program services $77,378 · management and general $15,096

  • 11a · Fees: management

    total $121,984 · management and general $121,984

  • 11b · Fees: legal

    total $5,923 · management and general $5,923

  • 11c · Fees: accounting

    total $50,387 · management and general $50,387

  • 11g · Fees: other

    total $61,410 · program services $19,963 · management and general $41,447

  • 12 · Advertising and promotion

    total $93 · program services $93

  • 13 · Office expenses

    total $50,389 · program services $3,403 · management and general $46,986

  • 14 · Information technology

    total $14,780 · program services $7,390 · management and general $7,390

  • 16 · Occupancy

    total $771,489 · program services $355,647 · management and general $415,842

  • 17 · Travel

    total $880 · management and general $880

  • 19 · Conferences, conventions and meetings

    total $7,863 · program services $1,354 · management and general $6,509

  • 20 · Interest

    total $22,500 · program services $22,500

  • 22 · Depreciation, depletion and amortization

    total $58,595 · program services $58,595

  • 23 · Insurance

    total $326,761 · program services $326,761

  • 24a · Other expenses: PATIENT SUPPLIES/SERVICES

    total $213,116 · program services $213,116

  • 24b · Other expenses: DIETARY MEDICARE ETC

    total $166,409 · program services $166,409

  • 24c · Other expenses: QUALITY ASSESSMENT EXPENS

    total $158,802 · program services $158,802

  • 24d · Other expenses: OTHER

    total $13,733 · program services $7,484 · management and general $6,249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,038 · end of year $20,026

  • 4 · Accounts receivable

    beginning of year $880,123

  • 9 · Prepaid expenses and deferred charges

    beginning of year $58,593 · end of year $142,119

  • 10c · Land, buildings and equipment, net

    beginning of year $1,202,475

  • 15 · Other assets

    end of year $1,000,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,801,681 · end of year $368,067

  • 19 · Deferred revenue

    end of year $333,333

  • 23 · Secured mortgages and notes payable

    beginning of year $4,023,500 · end of year $4,023,500

  • 25 · Other liabilities

    end of year $4,478,033

  • 27 · Net assets without donor restrictions

    beginning of year -$5,666,952 · end of year -$8,040,788

Mission and programs · 2022

Mission

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

  • 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,

    Expenses $2,505,000 · Revenue $1,917,570

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sharon G Brown

    VP/ADMINISTR

    Total calculated
    $142,199
    From this org
    $137,430
    From related orgs
    $0
    Other
    $4,769
    Hours/week
    40

  • Maria Aninon

    DIRECTOR OF

    Total calculated
    $112,955
    From this org
    $112,937
    From related orgs
    $0
    Other
    $18
    Hours/week
    40

  • Darcel Stuart

    BUSINESS MAN

    Total calculated
    $111,121
    From this org
    $108,106
    From related orgs
    $0
    Other
    $3,015
    Hours/week
    40

  • Reuben Brigety

    DIRECTOR

    Total calculated
    $0

  • Edith Hill

    DIRECTOR

    Total calculated
    $0

  • James Jamison

    DIRECTOR

    Total calculated
    $0

  • Gilbert Wright Jr

    SECRETARY/DI

    Total calculated
    $0

  • Allison Keiter

    DIRECTOR

    Total calculated
    $0

  • Louis Larmoyeux

    DIRECTOR

    Total calculated
    $0

  • Peter McGraw

    DIRECTOR

    Total calculated
    $0

  • Tvrd Katherine Bingham Moorehead

    EX-OFFICIO

    Total calculated
    $0

  • Linda Pek

    DIRECTOR

    Total calculated
    $0

  • John Sefton

    CHAIRMAN/PRE

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
11 August 2024
IRS schema version
2022v5.0
Source object
202402259349300895

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