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Nonprofiteer
← CATHEDRAL GERONTOLOGY CENTER INC

Form 990 for tax year 2024

Filed by CATHEDRAL GERONTOLOGY CENTER INC.

Totals

Total revenue
$8,968,236
Total expenses
$631,061
Contributions and grants received
$8,936,246
Grants paid
$0
Program service revenue
$31,990
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,050,978
Total liabilities, end of year
$2,049,098
Net assets or fund balances, end of year
$1,880
Program services expenses (Part IX)
$0
Management and general expenses
$631,061
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1e · Government grants (contributions)

    $3,617,391

  • 1f · All other contributions, gifts and grants

    $5,318,855

  • 2a · Program service revenue: PATIENT ALLOWANCE REVERSAL

    total $18,322 · related or exempt $18,322

  • 2b · Program service revenue: EXPENSE REIMBURSEMENTS

    total $13,668 · related or exempt $13,668

Functional expenses

Part IX, the statement of functional expenses.

  • 9 · Other employee benefits

    total $576 · management and general $576

  • 11b · Fees: legal

    total $557,361 · management and general $557,361

  • 11c · Fees: accounting

    total $28,000 · management and general $28,000

  • 11g · Fees: other

    total $2,920 · management and general $2,920

  • 13 · Office expenses

    total $3,324 · management and general $3,324

  • 14 · Information technology

    total $11,498 · management and general $11,498

  • 23 · Insurance

    total $27,382 · management and general $27,382

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,880 · end of year $1,880

  • 3 · Pledges and grants receivable

    end of year $1,715,765

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,403

  • 15 · Other assets

    beginning of year $666,667 · end of year $333,333

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,342 · end of year $259,221

  • 19 · Deferred revenue

    beginning of year $333,333 · end of year $333,333

  • 25 · Other liabilities

    beginning of year $8,672,443 · end of year $1,456,544

  • 27 · Net assets without donor restrictions

    beginning of year -$8,338,168 · end of year $1,880

Mission and programs · 2024

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 COMMUNITY SENIOR SERVICES, INC. (FORMERLY, CATHEDRAL FOUNDATION OF JACKSONVILLE, INC.), "THE FOUNDATION". ON DECEMBER 30, 2022, THE ORGANIZATION, IN ASSOCIATION WITH THE FOUNDATION, FINALIZED ACCORDING TO THE TERMS OF BOTH AN ASSET PURCHASE AGREEMENT AND AN OPERATIONAL TRANSITION AGREEMENT 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

  • RELATED TO ITS MISSION, THE ORGANIZATION CONTINUED ITS POST-SALE WIND DOWN ACTIVITIES. THERE WAS MINIMAL PROGRAM REVENUE FROM FINAL SETTLEMENT OF PATIENT ALLOWANCES AND PRO-RATED REMIBURSEMENTS OF PREVIOUSLY PAID EXPENSES. ADDITIONAL REVENUE CAME IN THE FORM OF GOVERNMENT GRANTS FUNDED THROUGH EMPLOYER RETENTION CREDIT CLAIMS PREVIOUSLY FILED BY THE ORGANZATION AND FINAL SETTLEMENT OF AN AMOUNT DUE TO AN AFFILIATED ENTITY THAT PREVIOUSLY SUPPORTED THE ORGANIZATION. THIS FORGIVENESS OF DEBT FROM THE AFFILIATED ORGANIZATION REPRESENTES CONTRIBUTION REVENUE IN THE CURRENT YEAR.

    Revenue $31,990

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

Listed in Part VII

  • 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
2024
Filed
3 August 2026
IRS schema version
2024v5.0
Source object
202632159349300248

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