Cathedral Gerontology Center Inc

Nonprofit profile at a glance

EIN
593622763
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Jacksonville, FL, USA
Phone
9048071203
Rating
49
Verdict
MIXED
Rating confidence
Moderate
Sector
Nursing, Convalescent Facilities
Affiliation
Christianity

Reported finances

Revenue
$8,968,236
Expenses
$631,061
Assets
$2,050,978
Liabilities
$2,049,098

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

1 person listed

People named in this filing

  • JOHN SEFTON (CHAIRMAN/PRE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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

What it reported doing in 2024

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.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 80
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 93%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 3.25; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: -11.6% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -4.5% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -3.1% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 1 of 1 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.