GAINESVILLE COUNCIL ON AGING INC

GAINESVILLE COUNCIL ON AGING INC TO ASSIST, ENCOURAGE AND PROMOTE THE WELL BEING OF AGING INDIVIDUALS, REGARDLESS OF RACE, COLOR OR CREED, THROUGH ANY ONE OF THE FOLLOWING MEANS THE CARE AND ASSISTANCE OF THE SICK, NEEDY AND DISABLED, INCLUDING THE OPERATION OF HEALTH CARE FACILITIES, THE PROMOTION OF PUBLIC HEALTH AND RECREATION, THE ADVANCEMENT OF EDUCATION AND DISSEMINATION OF KNOWLEDGE, THE FUTHERANCE OF RESEARCH FOR THE ADVANCEMENT OF KNOWLEDGE AND THE ALLEVIATION OF SUFFERING . IN 2018 THE ORGANIZATION SOLD ITS ONLY NURSING HOME FACILITY IN GAINESVILLE FLORIDA INCLUDING THE TANGIBLE ASSETS. THE ONLY REMAINING ASSET WAS LAND. THE LAND WAS SOLD IN 2021 AND WAS REPORTED ON THE 2021 U.S. RETURN. . THE ORGANIZATION IS COLLECTING A NOTE FROM THE SALE OF THE ASSET. THE PROCEEDS FROM THE COLLECTION OF THE NOTE WILL BE USED TO SUPPORT OTHER IRC501(C)(3) ORGANIZATIONS IN FURTHERANCE OF THE STATED MISSION.