Catholic Elderly Services INC EIN 65-0312041 Form 990 (PDF) Claim this org

Catholic Elderly Services INC

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Provides and manages funds to support Catholic elderly services in the Archdiocese of Miami. For fiscal year 2024 it reported $151K in revenue, $54K in expenses, and $4.4M in net assets.Pt I

Type
Supporting organization · Human Services
Location
Laud Lakes, FL
Filings
5 on file (2020–2024)
Revenue
$151KFY2024
Expenses
$54K
Net assets
$4.4M
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  65-0312041 Supporting organization Laud Lakes, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides and manages funds to support Catholic elderly services in the Archdiocese of Miami.
Leadership
Ralph Lawson · Chairman
Money in and out
$151K revenue, $54K expenses
Bottom line
+64% net inflow
Money in and out · FY2024
Total revenue
$151K
Pt VIII · Ln 12
Total expenses
$54K
Pt IX · Ln 25
Net assets
$4.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $97K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.36
Net inflow
+64%
revenue over expenses, this year▲ +204% vs prior filing year
Pass-through gifts
16%
of revenue from contributions▼ -74% vs prior filing year
Program spending
64%
of expenses reach stated programs▼ -13% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$151K
FY2024▲ +264%
Expenses
$54K
FY2024▼ -20%
Total assets
$4.4M
FY2024▲ +17%
Total liabilities
$21K
FY2024▲ +81%
Total revenue
$151K
Pt VIII · Ln 12
Total expenses
$54K
Pt IX · Ln 25
Net assets
$4.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$97K
Total assetsPt X · Ln 16$4.4M
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCatholic Elderly Services INC
EINHdr · item D65-0312041
Principal addressHdr · item CLaud Lakes, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P81Z)
Ruling yearIRS BMFMar 1946

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
Vice Chair/Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $35K of program spending, described in the organization's own filed words · FY2023.
01

The foundation supports the patients and residents of the catholic health services organization as well as its employees and community: provides grants to employees for urgent needs, purchases of medical equipment for residents and sponsorship of community events.

$35Kprogram expense

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Statement of Revenue

Part VIII
Investment income$127K · 84%
Contributions & grants$24K · 16%
Investment income84%$127K
Contributions & grants16%$24K
Total revenueLn 12$151K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.36
Program services64%$35K
Management & general36%$19K
Total functional expensesLn 25$54K

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$4.4M
Total liabilitiesLn 26$21K
Total net assetsLn 32$4.4M
Months of cash on handcomputed253.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.4M · Operating expenses/yr $54K
986.9 months
Where the money goes
Program services
Program services $35K · Total expenses $54K
64%
Management & General
Management & general $19K · Total expenses $54K
36%
Fundraising
Fundraising $0 · Total expenses $54K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $27K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $24K · Total revenue $151K
16%
Government reliance
Government grants — · Total revenue $151K
Earned-income share
Program service revenue $0 · Total revenue $151K
0%
Investment reliance
Investment income $127K · Total revenue $151K
+84%
Program self-sufficiency
Program service revenue $0 · Total expenses $54K
0%
Growth & trend
Revenue growth (YoY)
This year $151K · Prior year $41K
+264%
Revenue CAGR
FY2019 $119K · FY2023 $151K
+6%
Net-asset trend (YoY)
End of year $4.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $151K · Expenses $54K
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $4.4M
Net-asset ratio
Net assets $4.4M · Total assets $4.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.4M
74%
People & payroll
Highest Reported Total Compensation
Individual Ralph Lawson · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $54K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $54K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 36%
Fundraising cost ratio 0%
Revenue growth 264%
Accounting fee ratio 17%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $84K · 2022–2023
Catholic Charities for ElderlyFL · FY2023$22,613
Unitemized GrantFY2023$12,000
Unitemized GrantFY2022$28,000
Catholic Charities for ElderlyFL · FY2022$21,785

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$151K revenue · viewing · ⤓ 990 PDF
FY2023$41K revenue · ⤓ 990 PDF
FY2022$202K revenue · ⤓ 990 PDF
FY2021$177K revenue · ⤓ 990 PDF
FY2020$119K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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