Cathedral Terrace Inc.

“General management and bookkeeping.”

“The members are the vestry of st.john's cathedral.”

“The members of the organization approve all board members.”

“The final version of the form 990 is emailed to, and reviewed by, the chief financial officer, the ceo/executive director, and all members of the board of directors before it is filed.”

“The organization has a formal conflict of interest policy and conflict disclosure procedure. Each new board member and officer receives as part of their orientation materials a copy of the conflict of interest policy and conflict disclosure procedure and receives training on what constitutes a conflict of interest. Each board member and officer must complete an annual affirmation of compliance and disclosure statement, and agrees to report any future potential conflicts of interest to the chairman of the board. In connection with any actual or possible conflict of interest, the board member or officer must disclose all material facts to the board of directors for their review and consideration. When a motion or issue is raised in a board meeting which contains possible conflicts, the specific board member must abstain from all deliberations and voting on the issue or transaction. All actual or possible conflicts of interest by other managers or employees other than board members or officers must be disclosed to a compliance committee, who then would report any significant issues to the board.”

“The organization's executive committee of the board of directors, reviews the compensation and benefits for the two paid officers of the organization, the ceo/executive director and the chief financial officer. There are presently no key employees as defined by the irs. The executive committee considers comparable information from the most recent guidestar compensation survey of non-profit companies and from form 990 compensation data of other non-profit companies in northeast florida. The executive committee determines and approves changes in compensation and benefits. The year 2018 was the most recent year this review and approval process was completed and compensation adjusted.”

“There are presently no other paid officers of the organization or key employees as defined by the irs.”

“Governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

“After the sale of its real estate in 2016, the organization now operates as a partner in cathedral redevelopment associates, llc. As a partner, the organization receives development fees related to the substantial rehabilitation of the real estate that it formerly operated. As it receives development fees, the organization in turn donates the excess available funds to the cathedral foundation of jacksonville, inc. (a related organization) to support its mission of providing esential and innovative resources to elders in need.”