Friday, March 3, 2017

In Case You Were Wondering, It's All Here

In late 2016 and early 2017, the Archdiocese of Philadelphia published audited financial statements for The Office for Financial Services, its Pastoral Center entity, as well as other separate entities and the World Meeting of Families—Philadelphia for the fiscal year ended June 30, 2016.

At that time, the Archdiocese indicated it would publish audited financial statements for additional separate entities as those audits were completed.

Audited financial statements for the fiscal year ended June 30, 2016 for the nine entities listed below were published on today.

Archdiocese of Philadelphia Catholic Charities Appeal Fund
Archdiocese of Philadelphia Heritage of Faith ~ Vision of Hope Capital Campaign
Catholic Community Services of the Archdiocese of Philadelphia
Catholic Social Services of the Archdiocese of Philadelphia
Divine Providence Village
Saint Edmond’s Home for Crippled Children
Saint Francis-Saint Joseph Homes for Children
Saint Gabriel’s System
Saint John’s Hospice

Previously released audited financial statements for the fiscal year ended June 30, 2016 include the following, all of which can be found on

Archdiocese of Philadelphia Office for Financial Services
Archdiocese of Philadelphia Cemetery Permanent Lot Care Fund Irrevocable Trust[i]
Catholic Human Services: Nutritional Development Services
Office of Catholic Education: Administration Account
Office of Catholic Education: High Schools
Office of Catholic Education: Schools of Special Education
Office of Catholic Cemeteries
Philadelphia Catholic Cemeteries, LLC (PCC)[ii]
Saint John Vianney Center
The Philadelphia Theological Seminary of Saint Charles Borromeo
The World Meeting of Families—Philadelphia

Additional Financial Statements for the Fiscal Year Ended June 30, 2016
The audited financial statements published today do not include results for Catholic Health Care Services of the Archdiocese of Philadelphia or Don Guanella Village. Audited financial statements for those entities will be published online after the audits are completed in the coming weeks.

Additionally, none of the reports released by the Archdiocese include financial statements for individual parishes. All parishes are independent and autonomous entities.

[i] The Permanent Care Fund is an irrevocable trust which has been organized to hold certain funds which will be used to address the perpetual care obligations upon conclusion of the lease agreement with StoneMor, upon which the Archdiocese will resume responsibility for ongoing and future perpetual care obligations of the cemeteries.

[ii] PCC is a “sole purpose entity” – the sole purpose being to hold title to the eight cemeteries subject to a lease agreement with StoneMor. Five other cemetery properties, which are managed by StoneMor, are not subject to the lease agreement.

No comments: