Overview
What is Cathedral Terrace Inc?
Cathedral Terrace Inc is a nonprofit organization situated in Jacksonville, Florida, with an address at 4250 Lakeside Drive Suite 300. After selling its real estate in 2016, the organization now operates as a partner in Cathedral Redevelopment Associates, LLC. As a result of this partnership, the organization receives development fees associated with the substantial rehabilitation of the real estate it previously operated. The excess funds generated from these fees are then donated to Cathedral Foundation of Jacksonville, Inc., a related organization, to support its mission of providing essential and innovative resources to elders in need within the greater Jacksonville area. The organization's primary focus is on financially supporting its related organization's efforts to assist the elderly community.
Official website here: www.cathedralresidences.net
Is Cathedral Terrace Inc legitimate?
Cathedral Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cathedral Terrace Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cathedralresidences.net
What is the mission statement of Cathedral Terrace Inc?
After selling its real estate in 2016, Cathedral Terrace Inc now operates as a partner in Cathedral Redevelopment Associates, LLC. This partnership allows Cathedral Terrace Inc to receive development fees related to the substantial rehabilitation of the property it previously managed. The organization then donates any excess funds it receives to the Cathedral Foundation of Jacksonville, Inc., a related organization. The Cathedral Foundation's mission is to provide essential and innovative resources to elders in need. This support includes various services aimed at enhancing the lives of senior citizens.
Official website here: www.cathedralresidences.net
Who is the CEO of Cathedral Terrace Inc?
Teresa K Barton is the Ceo/Exec Dir of Cathedral Terrace Inc. The CEO's salary of Cathedral Terrace Inc is $0 and their total compensation is $309,632.
Official website here: www.cathedralresidences.net
What is the revenue of Cathedral Terrace Inc?
Cathedral Terrace Inc's revenue in 2022 was $114,185.
Official website here: www.cathedralresidences.net
Who are the executives of Cathedral Terrace Inc and what are their salaries?
Here are 14 key members and their salaries (Cathedral Terrace Inc's CEO's salary is $0 and their total compensation is $309,632):
- Compensation: $0
- Related: $280,742
- Other: $28,890
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- Related: $148,957
- Other: $8,913
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- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cathedralresidences.net
Where can I find the form 990 for Cathedral Terrace Inc?
Cathedral Terrace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cathedralresidences.net
Learn more at the official website: www.cathedralresidences.net
Mission Statement of Cathedral Terrace Inc
Cathedral Terrace Inc, following the sale of its real estate in 2016, now operates as a partner in Cathedral Redevelopment Associates, LLC. This new role allows the organization to receive development fees associated with the substantial rehabilitation of the real estate it previously managed. As Cathedral Terrace Inc receives these development fees, it generously donates any excess funds to the Cathedral Foundation of Jacksonville, Inc., a related organization. This donation supports the Cathedral Foundation's mission of providing essential and innovative resources to elders in need.
In essence, Cathedral Terrace Inc's post-sale operations involve collaborating with Cathedral Redevelopment Associates, LLC to contribute to the restoration of real estate properties. The organization then redirects any surplus funds obtained from these collaborations to the Cathedral Foundation of Jacksonville, Inc. This donation serves to fuel the foundation's mission of assisting elders in need by offering vital resources. By pursuing this course, Cathedral Terrace Inc continues to make a significant impact in the lives of elderly individuals, demonstrating its commitment to community wellbeing.
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Impact
October, 2024
Cathedral Terrace Inc plays a significant role in supporting the elderly population in the greater Jacksonville area. Following the sale of its real estate in 2016, it transitioned into a partnership with Cathedral Redevelopment Associates, LLC, where it earns development fees from the substantial rehabilitation of its former property. These financial resources are strategically directed to the Cathedral Foundation of Jacksonville, Inc., which focuses on delivering essential and innovative services to seniors in need. Through this model, Cathedral Terrace Inc not only contributes to housing redevelopment but also fosters the well-being of vulnerable elder communities by ensuring that surplus funds are channeled into programs and services that enhance their quality of life. Its impact is felt through a dedicated commitment to addressing the needs of seniors and reinforcing support systems within the local community.
This information is meant to be a general summary of Cathedral Terrace Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $114,182
- Gross Receipts: $114,185
Assets and Liabilities:
- Total Assets: $2,582,519
- Total Liabilities: $0
- Net Assets: $2,582,519
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Organization Details
Founding Year
1972
Phone
(904) 807-1203Principal Officer
Teresa K Barton
Main Address
4250 LAKESIDE DRIVE SUITE 300, JACKSONVILLE, FL, 32210
Website
www.cathedralresidences.netNTEE Category
Code: L21Z - Housing
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