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Nonprofiteer
← CATHEDRAL TERRACE INC

Form 990 for tax year 2024

Filed by CATHEDRAL TERRACE INC.

Totals

Total revenue
$57,122
Total expenses
$821,982
Contributions and grants received
$0
Grants paid
$821,921
Program service revenue
$12,953
Investment income
$44,169
Other revenue
$0
Total assets, end of year
$750,952
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$750,952
Program services expenses (Part IX)
$821,921
Management and general expenses
$61
Fundraising expenses
$0
Program service expenses (Part III)
$821,921

Program services were 100.0% 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.

  • 2a · Program service revenue: MANAGEMENT FEE INCOME

    total $12,953 · related or exempt $12,953

  • 3 · Investment income

    total $44,169 · excluded $44,169

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $821,921 · program services $821,921

  • 24a · Other expenses: MISC/TAX/LICENSES

    total $61 · management and general $61

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,989 · end of year $6,965

  • 4 · Accounts receivable

    end of year $110,803

  • 7 · Other notes and loans receivable

    beginning of year $1,160,758 · end of year $382,944

  • 15 · Other assets

    beginning of year $250,215 · end of year $250,240

  • 27 · Net assets without donor restrictions

    beginning of year $1,417,962 · end of year $750,952

Mission and programs · 2024

Mission

FORMERLY, THE ORGANIZATION'S PURPOSE WAS TO PROVIDE HOUSING FOR THE ELDERLY THROUGH A FEDERALLY FINANCED PROJECT UNDER SECTION 236 OF THE NATIONAL HOUSING ACT. IN 2016, THE ORGANIZATION SOLD ITS REAL ESTATE AND BECAME A PARTNER IN CATHEDRAL REDEVELOPMENT ASSOCIATES, LLC, THE COMPANY CREATED TO REDEVELOP THE PROPERTY FOR THE SAME USE. AS A PARTNER, THE ORGANIZATION RECEIVED DEVELOPMENT FEES RELATED TO THE SUBSTANTIAL REHABILITATION OF THE REAL ESTATE THAT IT FORMERLY OPERATED. FINAL DEVELOPMENT FEES WERE RECEIVED IN 2019. DURING THOSE YEARS, THOSE FEES WERE DONATED TO COMMUNITY SENIOR SERVICES, INC. (A RELATED ORGANIZATION)TO SUPPORT ITS MISSION OF PROVIDING ESSENTIAL AND INNOVATIVE RESOURCES TO ELDERS IN NEED. CURRENTLY, THE ORGANIZATION EXISTS SOLELY TO COLLECT THE NOTE RECEIVABLE FROM THE AFOREMENTIONED SALE. WHEN PRINCIPAL AND INTEREST PAYMENTS ARE RECEIVED ON THAT NOTE, THE ORGANIZATION IN TURN DONATES THE EXCESS AVAILABLE FUNDS TO COMMUNITY SENIOR SERVICES, INC.(A RELATED ORGANIZA

  • THE ORGANIZATION RECEIVED PRINCIPAL AND INTEREST PAYMENTS ON ITS NOTE RECEIVABLE AND DONATED THOSE FUNDS TO COMMUNITY SENIOR SERVICES INC. TO SUPPORT THE MISSION OF PROVIDING SERVICES TO THE ELDERLY IN THE GREATER JACKSONVILLE AREA.

    Expenses $821,921 · Grants $821,921 · Revenue $12,953

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Teresa K Barton

    PAST CEO

    Total calculated
    $350,634
    From this org
    $0
    From related orgs
    $306,010
    Other
    $44,624

    Schedule J breakdown matched by us

    Base
    not reported + $306,010 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $41,138 related
    Nontaxable benefits
    not reported + $3,486 related
    Filer's total
    not reported + $350,634 related

  • Samuel P Hall

    CEO

    Total calculated
    $215,104
    From this org
    $0
    From related orgs
    $162,452
    Other
    $52,652

    Schedule J breakdown matched by us

    Base
    not reported + $162,452 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $50,810 related
    Nontaxable benefits
    not reported + $1,842 related
    Filer's total
    not reported + $215,104 related

  • Lee E Wilson

    CFO

    Total calculated
    $175,214
    From this org
    $0
    From related orgs
    $159,994
    Other
    $15,220

    Schedule J breakdown matched by us

    Base
    not reported + $159,994 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $13,348 related
    Nontaxable benefits
    not reported + $1,872 related
    Filer's total
    not reported + $175,214 related

  • Rebecca L Berg

    PAST CHAIR/D

    Total calculated
    $0

  • Gregory Redmon

    CHAIR/DIRECT

    Total calculated
    $0

  • Andrew Harmon

    CHAIR-ELECT/

    Total calculated
    $0

  • Kevin Kenney

    SECRETARY/DI

    Total calculated
    $0

  • Dr Whitney George

    DIRECTOR

    Total calculated
    $0

  • Pasquale Gilberto

    DIRECTOR

    Total calculated
    $0

  • Dr Amber Isley

    DIRECTOR

    Total calculated
    $0

  • Simon Robinson

    DIRECTOR

    Total calculated
    $0

  • Alfred W Rutland

    DIRECTOR

    Total calculated
    $0

  • Michael R Weatherby

    DIRECTOR

    Total calculated
    $0

  • Sharon T Wilburn

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CATHEDRAL TERRACE REDEVELOPMENT ASSOCIATES LLC

    RELATED · DEVELOPMEN · FL · general or managing partner

Provenance

Return type
form_990
Tax year
2024
Filed
25 June 2026
IRS schema version
2024v5.0
Source object
202641809349300329

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