philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Cathedral Terrace INC

Tax-deductible

Jacksonville, FL501(c)(3)Since 1972HousingEIN 23-7301688Revenue $57K in FY2024

On file with the IRScathedralresidences.org4250 Lakeside Dr Ste 300, 32210-3370 · Jacksonville, FLTax-exempt since Jun 1973Publicly supported — 509(a)(2)

This page gets seen. Tell your story. Claim this org.

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

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $306K a year · 291% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$57K
-29% vs prior year
Spent
$822K
To programs
100%
Net assets
$751K
By yearFY2020–FY2024
Revenue
$57K
FY2024▼ -29%
Tap a bar for its year
Revenue by fiscal year
FY2020$117K
FY2021$117K
FY2022$114K
FY2023$97K
FY2024$81K
FY2024$57K
Expenses
$822K
FY2024▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$395K
FY2021$112K
FY2022$206K
FY2023$717K
FY2024$625K
FY2024$822K
Net assets
$751K
FY2024▼ -47%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$2.7M
FY2022$2.6M
FY2023$2.0M
FY2024$1.4M
FY2024$751K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $822K Management & general 0% · $61

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Rebecca L Berg
Past Chair/D
$0Pt VII · Sec A
Gregory Redmon
Chair/Direct
$0Pt VII · Sec A
Andrew Harmon
Chair-Elect/
$0Pt VII · Sec A
Kevin Kenney
Secretary/Di
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cathedral Terrace INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Donates development fees to support elders with essential resources.

Questions for Cathedral Terrace INC

Tap to ask. Cathedral Terrace INC sees how many people are interested.

Your first name shows with your question. Cathedral Terrace INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $822K · in their own filed words · FY2024
01

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.

$822Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $2.9M · 2019–2024
Community Senior Services INCFL · FY2024$821,921
Community Senior Services INCFL · FY2023$625,000
Cathedral Foundation of JacksonvillFL · FY2022$717,296
Cathedral Foundation of JacksonvillFL · FY2021$205,694
Cathedral Foundation of JacksonvillFL · FY2020$111,500
Cathedral Foundation of JacksonvillFL · FY2019$388,864

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$57K
Ln 12
Investment incomeLn 3$44K
Fees for servicesLn 2g$13K
Money outPt IX
$822K
Ln 25
Programscol B$822K
Managementcol C$61
Owns and owesPt X
$751K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$751K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$13K
Investment incomeLn 3$44K
Total revenueLn 12$57K
Assets in detailPt X, end of year
CashLn 1$7K
Cash and savings togetherLn 1–2$7K
Other assetsLn 15$250K
Total assetsLn 16$751K
LiabilitiesLn 26$0
Net assetsLn 32$751K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$7K$7K
Total assetsLn 16$1.4M$751K
LiabilitiesLn 26$0$0
Net assetsLn 32$1.4M$751K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$822K$822K
Other expenses (24a–d)Ln 24$61$61
Total functional expensesLn 25$822K$822K$61$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $81K$625K−$544K$1.4M 990 PDF
FY2023 $97K$717K−$621K$2.0M 990 PDF
FY2022 $114K$206K−$92K$2.6M 990 PDF
FY2021 $117K$112K$5K$2.7M 990 PDF
FY2020 $117K$395K−$278K$2.7M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $57,122 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$12,953
I-10 Investment incomePrior year $80,984$44,169
I-11 Other revenue$0
I-12 Total revenuePrior year $80,984$57,122
I-13 Grants and similar amounts paidPrior year $625,000$821,921
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$61
I-18 Total expensesPrior year $625,000$821,982
I-19 Revenue less expensesPrior year −$544,016−$764,860
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $57,122 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,953$12,953
VIII-3 Investment incomeExcluded from tax $44,169$44,169
VIII-12 Total revenueRelated to mission $12,953 · Excluded from tax $44,169$57,122
Part IX · Statement of functional expenses $821,982 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $821,921$821,921
IX-24 Other expenses (24a–d)Management $61$61
IX-25 Total functional expensesPrograms $821,921 · Management $61 · Fundraising $0$821,982
Part X · Balance sheet $750,952 assets, 8 lines filed
Asset lines not itemized here account for $382,944; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $6,989$6,965
X-4 Accounts receivable$110,803
X-15 Other assetsStart of year $250,215$250,240
X-16 Total assetsStart of year $1,417,962$750,952
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,417,962$750,952
X-32 Total net assets or fund balancesStart of year $1,417,962$750,952
X-33 Total liabilities and net assetsStart of year $1,417,962$750,952
Part XI · Reconciliation of net assets $750,952 net assets at year end
XI-1 Total revenue$57,122
XI-2 Total expenses$821,982
XI-3 Revenue less expenses−$764,860
XI-4 Net assets at start of year$1,417,962
XI-8 Prior period adjustments$97,850
XI-10 Net assets at end of year$750,952

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.