Catholic Elderly Services INC FY2023 filing

Lauderdale Lakes, FL · Supporting organization · Since 1998 · Human Services

✓ Tax-deductible
Revenue
$41K
-80% vs prior year
Spent
$67K
To programs
74%
Net assets
$3.8M
By yearFY2020–FY2024
Revenue
$41K
FY2023▼ -80%
Revenue by fiscal year
FY2020$119K
FY2021$177K
FY2022$202K
FY2023$41K
FY2024$151K
FY2024$134K
Expenses
$67K
FY2023▼ -3%
Expenses by fiscal year
FY2020$109K
FY2021$81K
FY2022$69K
FY2023$67K
FY2024$54K
FY2024$72K
Net assets
$3.8M
FY2023▲ +8%
Net assets by fiscal year
FY2020$3.6M
FY2021$4.1M
FY2022$3.5M
FY2023$3.8M
FY2024$4.4M
FY2024$4.8M

From the FY2023 Form 990 (year ending September 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CCatholic Elderly Services INC
EINHdr · item D65-0312041
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 1946
Year of formationHdr · item L1998
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CLauderdale Lakes, FL
NTEE classificationIRS BMFHuman Services (P81Z)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.26
Program services74%$50K
Management & general26%$17K
Total functional expensesLn 25$67K

Financial health

Is it on solid ground?

Net inflow
-62%
revenue over expenses, this year
Pass-through gifts
61%
of revenue from contributions
Program spending
74%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$3.8M
FY2023▲ +8%
Total assets by fiscal year
FY2020$3.6M
FY2021$4.1M
FY2022$3.5M
FY2023$3.8M
FY2024$4.4M
FY2024$4.8M
Total liabilities
$11K
FY2023▲ +128%
Total liabilities by fiscal year
FY2020$6K
FY2021$5K
FY2022$5K
FY2023$11K
FY2024$21K
FY2024$29K
Revenue less expensesPt I · Ln 19−$26K
Total assetsPt X · Ln 16$3.8M
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$3.8M
Total liabilitiesLn 26$11K
Total net assetsLn 32$3.8M
Months of cash on handcomputed203.4

Statement of Revenue

Part VIII
Contributions & grants$25K · 61%
Investment income$16K · 39%
Contributions & grants61%$25K
Investment income39%$16K
Total revenueLn 12$41K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.8M · Operating expenses/yr $67K
677.8 months
Where the money goes
Program services
Program services $50K · Total expenses $67K
74%
Management & General
Management & general $17K · Total expenses $67K
26%
Fundraising
Fundraising $0 · Total expenses $67K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $31K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $25K · Total revenue $41K
61%
Government reliance
Government grants — · Total revenue $41K
—
Earned-income share
Program service revenue $0 · Total revenue $41K
0%
Investment reliance
Investment income $16K · Total revenue $41K
+39%
Program self-sufficiency
Program service revenue $0 · Total expenses $67K
0%
Growth & trend
Revenue growth (YoY)
This year $41K · Prior year $202K
-80%
Net-asset trend (YoY)
End of year $3.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $41K · Expenses $67K
-62%
Liabilities-to-Assets
Total liabilities — · Total assets $3.8M
—
Net-asset ratio
Net assets $3.8M · Total assets $3.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.8M
70%
People & payroll
Highest Reported Total Compensation
Individual Ralph Lawson · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $67K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $67K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%——
Overhead ratio 26%——
Fundraising cost ratio 0%——
Revenue growth -80%——
Accounting fee ratio 11%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Catholic Elderly Services INC executive salaries →

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Governance & Policies

Part VI
  • 13Voting board membersPt VI · Ln 1a
  • 13Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides and manages funds to support Catholic elderly services in the Archdiocese of Miami.

Provided by the organization

This section is blank until Catholic Elderly Services INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $50K of program spending, described in the organization's own filed words · FY2022.
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.

$50Kprogram expense

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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 · $137K · 2022–2024
Unitemized GrantFY2024$26,500
Catholic Charities for ElderlyFL · FY2024$25,874
Catholic Charities for ElderlyFL · FY2023$22,613
Unitemized GrantFY2023$12,000
Unitemized GrantFY2022$28,000
Catholic Charities for ElderlyFL · FY2022$21,785

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $151K$54K+264% 990 PDF
FY2023 Viewing $41K$67K-80% 990 PDF
FY2022 $202K$69K+14% 990 PDF
FY2021 $177K$81K+49% 990 PDF
FY2020 $119K$109K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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