Civic Intelligence

Christ Catholic Cathedral Facilities Corporation

990 • Fiscal year 2020 • EIN 45-4349210

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 09, 2022

13280 Chapman AvenueGarden Grove, CA 92840

(949) 705-5000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.69x

Higher debt load relative to assets than 80% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

24.08x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

45th percentile

2.7%

Higher net margin than 45% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

7th percentile

$73,718

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$54,999,766

No earlier filing loaded for comparison.

Net Assets

$17,074,388

No earlier filing loaded for comparison.

Liabilities

$37,925,378

No earlier filing loaded for comparison.

Revenue

$1,574,838

No earlier filing loaded for comparison.

Expenses

$1,532,319

No earlier filing loaded for comparison.

Net Income

$42,519

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2020: $54,999,766Liabilities 2020: $37,925,378Net Assets 2020: $17,074,3882020Assets 2021: $54,251,478Liabilities 2021: $33,784,733Net Assets 2021: $20,466,7452021Assets 2022: $53,662,347Liabilities 2022: $30,289,287Net Assets 2022: $23,373,0602022Assets 2023: $53,123,194Liabilities 2023: $17,138,660Net Assets 2023: $35,984,5342023Assets 2024: $140,793,490Liabilities 2024: $15,482,516Net Assets 2024: $125,310,9742024

Highlighted filing

2020

Assets$54,999,766
Liabilities$37,925,378
Net Assets$17,074,388

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0Revenue 2020: $1,574,838Expenses 2020: $1,532,319Net Income 2020: $42,5192020Revenue 2021: $4,846,950Expenses 2021: $1,454,593Net Income 2021: $3,392,3572021Revenue 2022: $4,236,561Expenses 2022: $1,330,246Net Income 2022: $2,906,3152022Revenue 2023: $13,844,882Expenses 2023: $1,233,408Net Income 2023: $12,611,4742023Revenue 2024: $91,054,725Expenses 2024: $1,732,485Net Income 2024: $89,322,2402024

Highlighted filing

2020

Revenue$1,574,838
Expenses$1,532,319
Net Income$42,519
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 9, 2022
Return Version
2020v4.2
Gross Receipts
$1,574,838
Mission and Program Overview

Mission

Christ catholic cathedral facilities corporation was formed to support, benefit, and carry out the religious mission of the christ cathedral church and campus located in garden grove, california by administering the temporal affairs of the cathedral property.

Christ catholic cathedral facilities corporation was formed to support, benefit, and carry out the religious purposes of the roman catholic diocese of orange by administering the temporal affairs of certain real property upon which the cathedral is located.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$53,353,760$52,928,756▼ $425,004
Receivables From Officers Etc$1,103,395$1,050,921▼ $52,474
Cash and Non-Interest-Bearing Accounts$933,540$1,020,089▲ $86,549
Total Assets$55,390,695$54,999,766▼ $390,929
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$38,298,586$37,864,587▼ $433,999
Accounts Payable and Accrued Expenses$60,240$60,791▲ $551
Total Liabilities$38,358,826$37,925,378▼ $433,448
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,176,020$16,234,612▲ $58,592
Net Assets With Donor Restrictions$855,849$839,776▼ $16,073
Total Net Assets Fund Balance$17,031,869$17,074,388▲ $42,519
Total Liabilities and Net Assets / Fund Balance$55,390,695$54,999,766▼ $390,929

Asset Categories

AssetBook ValueDepreciationBasis
Land$39,801,090-$39,801,090
Buildings$12,756,640$3,609,427$16,366,067
Leasehold Improvements$371,026$71,330$442,356
Equipment$0$426,213$426,213
Compensation and Service Providers

Employees

NameTitleOtherTotal
Bishop Kevin W VannChairman$73,718$73,718
Msgr Stephen DoktorczykBoard Member$70,183$70,183

Board Members and Trustees

NameTitle
David DoranBoard Member
Jerome ThodeBoard Member
Rand SperryChief Executive Officer
Julie IncorvinaChief Financial Officer
Lee ShermanSecretary
Edward BenoeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,542,436
Investment Income
$32,402
Other Revenue
$0
Change in Net Assets
$42,519

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,574,838
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,574,838
Total Revenue per Form 990
$1,574,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,532,319
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,047,670--$1,047,670
Depreciation Depletion$425,004--$425,004
Fees for Services Legal-$9,767-$9,767
Other Expenses$357$587-$357
Total Functional Expenses$1,473,031$59,288$0$1,532,319

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,532,319
Total Expenses per Audited Statements$1,532,319
Total Expenses per Form 990$1,532,319
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Sole MemberMaster Lease AgreementNo$1,542,436

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,103,395$1,050,921▼ $52,474
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The bishop of the roman catholic diocese of orange is considered to be the sole member of the organization.

Form 990, Part VI, Section A, Line 7A

The bishop of the roman catholic diocese of orange has the power to elect, appoint or remove one or more members of the governing body.

Form 990, Part VI, Section A, Line 7B

Governance decisions may be reserved for the bishop of orange as sole member.

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is distributed to the board of directors for their review and comments prior to filing.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is distributed to each member of the board of directors on a periodic basis and they are required to disclose any possible conflicts.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Christ Catholic Cathedral Facilities
EIN
45-4349210
Phone
9497055000
Address
13280 CHAPMAN AVENUE, GARDEN GROVE, CA 92840

Signing Officer

Name
Rand Sperry
Title
Treasurer
Phone
9497055000
Signed
2022-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rand Sperry
Formed
2012
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Redwitz Inc
Address
3 PARK PLAZA SUITE 1700, IRVINE, CA 92614
Preparer
Julie Incorvina Cfe CPA
Phone
9497531514
Supplemental Narrative

Additional Explanations

FORM 990; PART XXI, LINE 2C

This process has not changed from the prior year

Financial Statement Notes

PART X, LINE 2:

Income from certain activities not directly related to the organization's tax-exempt purpose is subject to taxation as unrelated business income. Management of the organization considers the likelihood of taxes being imposed by taxing authorities and recognizes a liability and discloses potential significant changes that management believes are more likely than not to occur, including changes to the organization's status as a not-for-profit entity. Management believes the organization has met the requirements to maintain its tax-exempt status and has determined that certain debt financed rental activities are subject to unrelated business income tax. Currently these activities are resulting in net losses and therefore no provision for income taxes has been provided in the financial statements.

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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01532319
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0ROMAN CATHOLIC BISHOP OF ORANGE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SOLE MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01542436
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MASTER LEASE AGREEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01050921
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0ROMAN CATHOLIC BISHOP OF ORANGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SALE OF INVENTORY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01278334
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0SOLE MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt01050921
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BISHOP OF THE ROMAN CATHOLIC DIOCESE OF ORANGE IS CONSIDERED TO BE THE SOLE MEMBER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BISHOP OF THE ROMAN CATHOLIC DIOCESE OF ORANGE HAS THE POWER TO ELECT, APPOINT OR REMOVE ONE OR MORE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNANCE DECISIONS MAY BE RESERVED FOR THE BISHOP OF ORANGE AS SOLE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO EACH MEMBER OF THE BOARD OF DIRECTORS ON A PERIODIC BASIS AND THEY ARE REQUIRED TO DISCLOSE ANY POSSIBLE CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990; PART XXI, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ROMAN CATHOLIC BISHOP OF ORANGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ROMAN CATHOLIC BISHOP OF ORANGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0953018918
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1953018918
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LEASE AGREEMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1LOANS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt013280 CHAPMAN AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt113280 CHAPMAN AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GARDEN GROVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1GARDEN GROVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd092840
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd192840
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01542436
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11050921
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL BALANCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL BALANCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ROMAN CATHOLIC BISHOP OF ORANGE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1ROMAN CATHOLIC BISHOP OF ORANGE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1D
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt055390695
IRS990/TotalAssetsEOYAmt054999766
IRS990/TotalAssetsGrp/BOYAmt055390695
IRS990/TotalAssetsGrp/EOYAmt054999766
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt059288
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01473031
IRS990/TotalFunctionalExpensesGrp/TotalAmt01532319
IRS990/TotalGrossUBIAmt01542436
IRS990/TotalLiabilitiesBOYAmt038358826
IRS990/TotalLiabilitiesEOYAmt037925378
IRS990/TotalLiabilitiesGrp/BOYAmt038358826
IRS990/TotalLiabilitiesGrp/EOYAmt037925378
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017031869
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017074388
IRS990/TotalOtherCompensationAmt036698
IRS990/TotalProgramServiceExpensesAmt01473031
IRS990/TotalProgramServiceRevenueAmt01542436
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt032402
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01574838
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01542436
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt055390695
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt054999766
IRS990/TotReportableCompRltdOrgAmt0107203
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt013280 CHAPMAN AVENUE
IRS990/USAddress/CityNm0GARDEN GROVE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092840
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RAND SPERRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09497055000
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHRIST CATHOLIC CATHEDRAL FACILITIES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION

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