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Nonprofiteer
← CATHEDRAL SQUARE CORPORATION

Form 990 for tax year 2024

Filed by CATHEDRAL SQUARE CORPORATION.

Totals

Total revenue
$26,191,010
Total expenses
$17,681,888
Contributions and grants received
$17,454,975
Grants paid
$2,048,719
Program service revenue
$8,482,489
Investment income
$253,546
Other revenue
$0
Total assets, end of year
$52,310,498
Total liabilities, end of year
$28,053,817
Net assets or fund balances, end of year
$24,256,681
Program services expenses (Part IX)
$15,582,641
Management and general expenses
$2,099,247
Fundraising expenses
$0
Program service expenses (Part III)
$15,582,641

Program services were 88.1% 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.

  • 1d · Related organizations

    $5,957,241

  • 1e · Government grants (contributions)

    $10,039,246

  • 1f · All other contributions, gifts and grants

    $1,458,488

  • 1g · Noncash contributions included above

    $5,957,241

  • 2a · Program service revenue: REIMBURSEMENTS

    total $3,838,429 · related or exempt $3,838,429

  • 2b · Program service revenue: RENTAL INCOME

    total $1,596,716 · related or exempt $1,596,716

  • 2c · Program service revenue: MANAGEMENT FEES

    total $945,123 · related or exempt $945,123

  • 2d · Program service revenue: CLIENT FEES

    total $906,417 · related or exempt $906,417

  • 2e · Program service revenue: DEVELOPMENT FEES

    total $807,556 · related or exempt $807,556

  • 2f · All other program service revenue

    total $388,248 · related or exempt $388,248

  • 3 · Investment income

    total $203,879 · related or exempt $203,879

  • 7a · Gross sales of assets other than inventory

    securities $49,667

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

    securities $0

  • 7c · Gain or loss

    securities $49,667

  • 7d · Net gain or loss

    total $49,667 · related or exempt $49,667

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,048,719 · program services $2,048,719

  • 5 · Compensation of officers, directors and key employees

    total $164,100 · management and general $164,100

  • 7 · Other salaries and wages

    total $8,386,783 · program services $7,522,129 · management and general $864,654

  • 8 · Pension plan contributions

    total $328,500 · program services $279,602 · management and general $48,898

  • 9 · Other employee benefits

    total $286,972 · program services $272,402 · management and general $14,570

  • 10 · Payroll taxes

    total $652,011 · program services $574,921 · management and general $77,090

  • 11b · Fees: legal

    total $57,947 · program services $53,136 · management and general $4,811

  • 11c · Fees: accounting

    total $32,533 · management and general $32,533

  • 11g · Fees: other

    total $6,000 · program services $6,000

  • 12 · Advertising and promotion

    total $9,748 · program services $6,192 · management and general $3,556

  • 13 · Office expenses

    total $13,709 · management and general $13,709

  • 14 · Information technology

    total $165,468 · program services $26,997 · management and general $138,471

  • 16 · Occupancy

    total $950,153 · program services $914,153 · management and general $36,000

  • 17 · Travel

    total $31,913 · program services $17,477 · management and general $14,436

  • 20 · Interest

    total $202,066 · program services $202,066

  • 22 · Depreciation, depletion and amortization

    total $454,647 · program services $453,026 · management and general $1,621

  • 23 · Insurance

    total $2,278,054 · program services $1,920,069 · management and general $357,985

  • 24a · Other expenses: OTHER EXPENSES

    total $601,425 · program services $453,923 · management and general $147,502

  • 24b · Other expenses: REAL ESTATE TAXES

    total $303,795 · program services $303,795

  • 24c · Other expenses: ADMINISTRATIVE

    total $197,963 · program services $74,918 · management and general $123,045

  • 24d · Other expenses: SASH GRANT EXPENSE

    total $186,949 · program services $186,949

  • 24e · All other expenses

    total $322,433 · program services $266,167 · management and general $56,266

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,011,310 · end of year $6,641,206

  • 3 · Pledges and grants receivable

    beginning of year $1,431,394 · end of year $912,650

  • 4 · Accounts receivable

    beginning of year $357,151 · end of year $471,719

  • 7 · Other notes and loans receivable

    beginning of year $13,571,604 · end of year $13,571,604

  • 9 · Prepaid expenses and deferred charges

    beginning of year $275,749 · end of year $316,724

  • 10a · Land, buildings and equipment: cost or other basis

    $16,663,587

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,506,116

  • 10c · Land, buildings and equipment, net

    beginning of year $11,560,580 · end of year $11,157,471

  • 15 · Other assets

    beginning of year $10,350,787 · end of year $19,239,124

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,155,530 · end of year $1,510,688

  • 19 · Deferred revenue

    beginning of year $27,249 · end of year $13,616

  • 23 · Secured mortgages and notes payable

    beginning of year $13,121,857 · end of year $12,909,417

  • 25 · Other liabilities

    beginning of year $13,631,176 · end of year $13,620,096

  • 27 · Net assets without donor restrictions

    beginning of year $13,255,296 · end of year $22,957,594

  • 28 · Net assets with donor restrictions

    beginning of year $2,367,467 · end of year $1,299,087

Mission and programs · 2024

Mission

CREATING HEALTHY HOMES, CARING COMMUNITIES, AND POSITIVE AGING ENVIRONMENTS. A LONG TERM CARE ENVIRONMENT WHERE ALL CONSUMERS HAVE ACCESS TO HEALTHY, AFFORDABLE, QUALITY AGING SERVICES IN THE RESIDENTIAL SETTING THEY CHOOSE.

  • SASH IS A CARING PARTNERSHIP CONNECTING STATEWIDE HEALTH AND LONG TERM CARE SYSTEMS TO NONPROFIT AFFORDABLE HOUSING PROVIDERS. THE PROGRAM HELPS VERMONT'S MOST VULNERABLE CITIZENS, SENIORS AND INDIVIDUALS WITH SPECIAL NEEDS, ACCESS THE CARE AND SUPPORT SERVICES THEY NEED TO STAY HEALTHY WHILE LIVING COMFORTABLY AND SAFELY AT HOME.

    Expenses $5,708,925 · Grants $2,048,719 · Revenue $330,913

  • MEMORY CARE AT ALLEN BROOK CONSITS OF 14 UNITS FOR TENANTS WITH DEMENTIA.

    Expenses $1,718,353 · Revenue $418,734

  • ASSISTED LIVING PROVIDES ASSISTED LIVING TO ELDERLY INDIVIDUALS WHO ARE INCOME ELIGIBLE. THERE ARE 38 ASSISTED LIVING UNITS.

    Expenses $1,676,182 · Revenue $565,337

  • Expenses $6,479,181 · Revenue $7,421,051

As filed on the 2024 return.

Listed in Part VII

  • Tim Sampson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Susan McMillan

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peg Maffitt

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Carroll Ockert

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aaron Ferenc

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Chol Dhoor

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lacey Smith

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nancy Snyder

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephen Leffler

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Levine

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Muyskens

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Patricia Pomerleau

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Stock

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Greta Getlein

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kim Fitzgerald

    CEO

    Total calculated
    $164,100
    From this org
    $164,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $164,100
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $164,100

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • SH LIMITED PARTNERSHIP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$30 · share of assets $146,341 · general or managing partner

  • FARRELL STREET SENIOR HOUSING LP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$270,222 · share of assets $4,845,912 · general or managing partner

  • ESSEX SENIOR HOUSING LP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$82,641 · share of assets $6,029,974 · general or managing partner

  • WHITCOMB WOODS HOUSING LP

    RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income $272,980 · share of assets $2,516,663 · general or managing partner

  • TSH LP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$16 · share of assets $421,720 · general or managing partner

  • TSH TWO LIMITED PARTNERSHIP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$77,077 · share of assets $4,815,297 · general or managing partner

  • GWC II LIMITED PARTNERSHIP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$59,361 · share of assets $89,782 · general or managing partner

  • RAIL CITY HOUSING LP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$18,058 · share of assets $274,225 · general or managing partner

  • RICHMOND TERRACE LP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$5 · share of assets $527,044 · general or managing partner

  • KELLEY'S FIELD LP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$5 · share of assets $336,433 · general or managing partner

  • CSSL LP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income $1 · share of assets $614,312 · general or managing partner

  • ELM PLACE LIMITED PARTNERSHIP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$22 · share of assets $608,465 · general or managing partner

  • ALLARD SQUARE LIMITED PARTNERSHIP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$26 · share of assets $624,407 · general or managing partner

  • JUNIPER NORTH BOND LP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$28,782 · share of assets $1,082,268 · general or managing partner

  • JUNIPER SOUTH ALLOCATED LP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$28 · share of assets $480,209 · general or managing partner

  • WHH LIMITED PARTNERSHIP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$14 · share of assets $709,333 · general or managing partner

  • BAYVIEW CROSSING LIMITED PARTNERSHIP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · share of income -$31 · share of assets $537,841 · general or managing partner

  • KELLEY'S FIELD II LP

    RELATED · AFFORDABLE HOUSING · VT · 0.5% owned · share of assets $3,666,976 · general or managing partner

  • REID COMMONS LIMITED PARTNERSHIP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · general or managing partner

  • WHITCOMB WOODS APARTMENTS LP

    RELATED · AFFORDABLE HOUSING · VT · 1% owned · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CSC PARTNERS INC

    C · DEVELOPMENT · VT · 100% owned

  • CSC REID COMMONS INC

    C · DEVELOPMENT · VT · 100% owned

Provenance

Return type
form_990
Tax year
2024
Filed
5 August 2026
IRS schema version
2024v5.5
Source object
202642179349300429

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