CATHEDRAL DISTRICT-JAX INC

EIN: 813283354 501(c)(3) Community Improvement

JACKSONVILLE, FL

Total Revenue
$165,794
Total Expenses
$235,981
Total Assets
$220,768
Net Assets
$192,820
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
Principal Officer
VIRGINIA MYRICK
Phone
9045368022
Tax Period
2024-01-01 to 2024-12-31

CATHEDRAL DISTRICT-JAX INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $166K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $236K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO GUIDE THE REDEVELOPMENT OF THE 36 BLOCK HISTORIC CATHEDRAL DISTRICT OF DOWNTOWN JACKSONVILLE INTO A VIBRANT NEIGHBORHOOD WHERE ALL RESIDENTS CAN LIVE, WORK AND PLAY TOGETHER.

Program Service Accomplishments

Program 1
Expenses: $219,190 Revenue: $27,500

THE ORGANIZATION PROVIDES ECONOMIC DEVELOPMENT SERVICE WITHIN THE CATHEDRAL DISTRICT TO FOSTER WORKFORCE HOUSING, SCHOOLS, COMMUNITY EVENTS AND PUBLIC AMENITIES SUCH AS STREET SCAPE AND TRAFFIC FLOW...

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THE ORGANIZATION PROVIDES ECONOMIC DEVELOPMENT SERVICE WITHIN THE CATHEDRAL DISTRICT TO FOSTER WORKFORCE HOUSING, SCHOOLS, COMMUNITY EVENTS AND PUBLIC AMENITIES SUCH AS STREET SCAPE AND TRAFFIC FLOW REROUTING. SERVICES ARE TARGETED TO SUPPLY PRIVATE SECTOR RESIDENCES FOR THE LOWER INCOME "WORKFORCE" WORKING IN DOWNTOWN JACKSONVILLE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $132,532
Program Service Revenue $27,500
Investment Income $5,762
Other Revenue $0
TOTAL REVENUE $165,794

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,890
Fundraising Expenses $0
Program Expenses $219,190
Other Expenses $135,091
TOTAL EXPENSES $235,981

Year-over-Year Comparison

2024 2023 Change
Revenue $165,794 $262,616 -0.4%
Expenses $235,981 $187,040 +0.3%
Net Income $-70,187 $75,576 -1.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
21
Employees
1
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$93,675
Total Directors
22
$93,675
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VIRGINIA MYRICK CEO/PRESIDEN 40.00
Officer Director
$93,675 $0 $93,675
SYDNEY A GERVIN III CHAIRMAN 1.00
Officer Director
$0 $0 $0
KATHERINE B MOOREHEAD CARROLL VICE-CHAIR 1.00
Officer Director
$0 $0 $0
JEFFREY C SPENCE TREASURER 1.00
Officer Director
$0 $0 $0
TAMARA BAKER COMM DEVLPMN 1.00
Officer Director
$0 $0 $0
PETER E KAPLAN SEC R/E DEVL 1.00
Officer Director
$0 $0 $0
FR VINCENT HAUT SECRETARY 1.00
Officer Director
$0 $0 $0
HENRY HANK M COXE TREASURER 1.00
Officer Director
$0 $0 $0
TED P PAPPAS MEMBER 1.00
Director
$0 $0 $0
DR LEMORRIS PRIER MEMBER 1.00
Director
$0 $0 $0
FR KURT H DUNKEL MEMBER 1.00
Director
$0 $0 $0
TRIPP GULLIFORD MEMBER 1.00
Director
$0 $0 $0
BEN HAKIMIAN MEMBER 1.00
Director
$0 $0 $0
RICK STEIN MEMBER 1.00
Director
$0 $0 $0
MATT BROCKELMAN MEMBER 1.00
Director
$0 $0 $0
JOHN HENDERLITE MEMBER 1.00
Director
$0 $0 $0
ELYSE GUSTAFSON MEMBER 1.00
Director
$0 $0 $0
CANTRECE JONES MEMBER 1.00
Director
$0 $0 $0
ALLAN IOSUE MEMBER 1.00
Director
$0 $0 $0
TIM HOAL MEMBER 1.00
Director
$0 $0 $0
SHANE WILLIAMS MEMBER 1.00
Director
$0 $0 $0
T R HAINLINE MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $165,794 $235,981 $220,768 $-70,187
2023 $262,616 $187,040 $264,361 $75,576
2022 $215,414 $235,947 $192,379 $-20,533
2021 $291,464 $419,990 $227,305 $-128,526
2020 $137,237 $329,244 $358,543 $-192,007
2019 $891,394 $310,497 $987,548 $580,897
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