Civic Intelligence

Mbcdc Villa Matti Inc.

990 • Fiscal year 2021 • EIN 26-0887892

Oct 01, 2020 to Sep 30, 2021 • Filed on Sep 01, 2022

Organization ProfileWWW.MIAMIBEACHCDC.COM
935 Pennsylvania Ave No 102Miami Beach, FL 33139

(305) 538-0090

Siviq Scores

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

Liabilities / Assets

25th percentile

0.02x

Higher debt load relative to assets than 25% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.42x

Higher debt load relative to revenue than 70% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

3rd percentile

-90%

Higher net margin than 3% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

49th percentile

$117,670

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 45.3% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$5,525,581

Down $1,048,368 (-16%) from 2016

Net Assets

Down

$5,416,901

Down $1,067,808 (-16%) from 2016

Liabilities

Up

$108,680

Up $19,440 (+22%) from 2016

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin3rd percentile

Revenue

Up

$259,634

Up $55,365 (+27%) from 2016

Expenses

Up

$493,687

Up $96,900 (+24%) from 2016

Net Income

Down

-$234,053

Down $41,535 (-22%) from 2016

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $6,746,315Liabilities 2015: $69,088Net Assets 2015: $6,677,2272015Assets 2016: $6,573,949Liabilities 2016: $89,240Net Assets 2016: $6,484,7092016Assets 2021: $5,525,581Liabilities 2021: $108,680Net Assets 2021: $5,416,9012021Assets 2022: $5,269,093Liabilities 2022: $56,637Net Assets 2022: $5,212,4562022Assets 2023: $5,148,861Liabilities 2023: $71,724Net Assets 2023: $5,077,1372023Assets 2024: $5,020,375Liabilities 2024: $400,762Net Assets 2024: $4,619,6132024

Highlighted filing

2021

Assets$5,525,581
Liabilities$108,680
Net Assets$5,416,901
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500K-$1.0MRevenue 2015: $203,108Expenses 2015: $417,886Net Income 2015: -$214,7782015Revenue 2016: $204,269Expenses 2016: $396,787Net Income 2016: -$192,5182016Revenue 2021: $259,634Expenses 2021: $493,687Net Income 2021: -$234,0532021Revenue 2022: $252,453Expenses 2022: $427,063Net Income 2022: -$174,6102022Revenue 2023: $257,372Expenses 2023: $463,456Net Income 2023: -$206,0842023Revenue 2024: $260,965Expenses 2024: $772,189Net Income 2024: -$511,2242024

Highlighted filing

2021

Revenue$259,634
Expenses$493,687
Net Income-$234,053
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Sep 1, 2022
Return Version
2020v4.2
Gross Receipts
$259,634
Mission and Program Overview

Mission

Provide housing facilities to low income persons

Mbcdc villa matti, inc is a non profit organization incorporated under the laws and statutes of the state of florida for the purpose of providing housing facilities to low income persons residing in the miami beach area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,537,277$5,357,267▼ $180,010
Cash and Non-Interest-Bearing Accounts$3,396$3,060▼ $336
Prepaid Expenses and Deferred Charges$817--
Accounts Receivable$6,586$579▼ $6,007
Total Assets$5,682,716$5,525,581▼ $157,135
Other Assets Total$134,640$164,675▲ $30,035
Liabilities
Other Liabilities$65,868$100,711▲ $34,843
Accounts Payable and Accrued Expenses$11,505$7,969▼ $3,536
Total Liabilities$77,373$108,680▲ $31,307
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,755,452$6,755,452→ $0
Net Assets Without Donor Restrictions$-1,150,109$-1,338,551▼ $188,442
Total Net Assets Fund Balance$5,605,343$5,416,901▼ $188,442
Total Liabilities and Net Assets / Fund Balance$5,682,716$5,525,581▼ $157,135

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,088,176$1,857,788$6,945,964
Land$255,000-$255,000
Other Land Buildings$14,091$22,631$36,722
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleOtherTotal
Ahmed MartinExecutive Director$117,670$117,670
Cristian Arango IiChief Operating Officer$26,067$26,067

Board Members and Trustees

NameTitle
Michael HammonChairman
Jeff FeldmanVice Chair
Catalina RodriguezDirector
Chris ShearDirector
Jeremy ShirDirector
Juanita FranklinDirector
Maria BarriosDirector
Will WiseheartSecretary
Raymond PereiraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$178,534
Program Service Revenue
$80,250
Investment Income
$103
Other Revenue
$747
Change in Net Assets
$-234,053
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$462,118
Salaries, Compensation, and Employee Benefits$31,569
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$237,025--$237,025
Insurance$58,381--$58,381
Fees for Services Management$47,186--$47,186
Other Salaries and Wages$24,535--$24,535
Office Expenses$19,578--$19,578
Fees for Services Accounting$14,000--$14,000
Other Expenses$6,520--$6,520
All Other Expenses$6,073$77-$6,150
Other Employee Benefits$4,937--$4,937
Fees for Services Legal$1,932--$1,932
Payroll Taxes$1,903--$1,903
Conferences and Meetings$288--$288
Pension Plan Contributions$194--$194
Advertising$25--$25
Total Functional Expenses$493,610$77$0$493,687
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$91,956
Tenants Security Deposits$8,755
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
No
Management duties delegated
No

Governance Explanations

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

“A copy was received from the entities independent accountants and all board members reviewed at a meeting before sign and mail it.”

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

“The officers and directors are required, annually in a meeting, to disclose interests that could give rise to conflict.”

Form 990, Part VI, Section C, Line 19

“By written request the required information will be provided”

Filing and Contact Details

Filer

Filer Name
Mbcdc Villa Matti
EIN
26-0887892
Phone
3055380090
Address
935 PENNSYLVANIA AVE NO 102, MIAMI BEACH, FL 33139

Signing Officer

Name
Ahmed Martin
Title
Executive Director
Phone
3055380090
Signed
2022-09-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ahmed Martin
Formed
2007
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Glsc & Company Pllc
Address
6303 BLUE LAGOON DRIVE SUITE 200, MIAMI, FL 33126
Preparer
Eduard a Baltar
Phone
3053730123
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Tax/book depreciation difference 57,015.”

FORM 990, PART XII, LINE 2C:

“The process has not changed”

Financial Statement Notes

PART X, LINE 2:

“Mbcdc villa matti is organized as not-for-profit organization and is exempt from income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes is required. The organization's information returns filed with the internal revenue service have not been examined in the past. The organization is not aware of any uncertainties that could jeopardize its not-for-profit status. Therefore, no provision or liability for income taxes is deemed necessary. The organization's tax returns for the years 2015,2016 and 2017 remain subject to examination by internal revenue service. In the unlikely event an uncertain tax position existed in which the organization could incur corporate income taxes, management would evaluate whether there is a probability that the uncertain tax position taken would be sustained upon examination by a taxing authority in accordance with fasc 740-10, accounting for uncertainty in income taxes. Based on the implementation of fas asc 740-10, accounting for uncertainty in income taxes, the organization has determined that no amounts are required to be accrued for taxes or related penalties and interest for any tax positions taken through september 30, 2021.”

Raw XML AppendixShowing 400 of 571 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt011505
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07969
IRS990/AccountsReceivableGrp/BOYAmt06586
IRS990/AccountsReceivableGrp/EOYAmt0579
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0MBCDC VILLA MATTI, INC IS A NON PROFIT ORGANIZATION INCORPORATED UNDER THE LAWS AND STATUTES OF THE STATE OF FLORIDA FOR THE PURPOSE OF PROVIDING HOUSING FACILITIES TO LOW INCOME PERSONS RESIDING IN THE MIAMI BEACH AREA.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ProgramServicesAmt025
IRS990/AdvertisingGrp/TotalAmt025
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt077
IRS990/AllOtherExpensesGrp/ProgramServicesAmt06073
IRS990/AllOtherExpensesGrp/TotalAmt06150
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ROYAL AMERICAN MANAGEMENT
IRS990/BooksInCareOfDetail/PhoneNum03054779545
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01400 NW 107TH AVE STE 405
IRS990/BooksInCareOfDetail/USAddress/CityNm0MIAMI
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd033172
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt03396
IRS990/CashNonInterestBearingGrp/EOYAmt03060
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0288
IRS990/ConferencesMeetingsGrp/TotalAmt0288
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0178534
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0103
IRS990/CYOtherExpensesAmt0462118
IRS990/CYOtherRevenueAmt0747
IRS990/CYProgramServiceRevenueAmt080250
IRS990/CYRevenuesLessExpensesAmt0-234053
IRS990/CYSalariesCompEmpBnftPaidAmt031569
IRS990/CYTotalExpensesAmt0493687
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0259634
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0237025
IRS990/DepreciationDepletionGrp/TotalAmt0237025
IRS990/Desc0PROVIDE HOUSING FACILITIES TO LOW INCOME PERSONS
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt06755452
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt06755452
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0493610
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt014000
IRS990/FeesForServicesAccountingGrp/TotalAmt014000
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01932
IRS990/FeesForServicesLegalGrp/TotalAmt01932
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt047186
IRS990/FeesForServicesManagementGrp/TotalAmt047186
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0CHRIS SHEAR
IRS990/Form990PartVIISectionAGrp/PersonNm1JUANITA FRANKLIN
IRS990/Form990PartVIISectionAGrp/PersonNm2JEREMY SHIR
IRS990/Form990PartVIISectionAGrp/PersonNm3MARIA BARRIOS
IRS990/Form990PartVIISectionAGrp/PersonNm4CATALINA RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm5JEFF FELDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL HAMMON
IRS990/Form990PartVIISectionAGrp/PersonNm7RAYMOND PEREIRA
IRS990/Form990PartVIISectionAGrp/PersonNm8WILL WISEHEART
IRS990/Form990PartVIISectionAGrp/PersonNm9AHMED MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm10CRISTIAN ARANGO II
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9117670
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1026067
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHIEF OPERATING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0178534
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0259634
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt058381
IRS990/InsuranceGrp/TotalAmt058381
IRS990/InvestmentIncomeGrp/ExclusionAmt0103
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0103
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01880419
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05537277
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05357267
IRS990/LandBldgEquipCostOrOtherBssAmt07237686
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE HOUSING FACILITIES TO LOW INCOME PERSONS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05605343
IRS990/NetAssetsOrFundBalancesEOYAmt05416901
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1150109
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1338551
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt019578
IRS990/OfficeExpensesGrp/TotalAmt019578
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0134640
IRS990/OtherAssetsTotalGrp/EOYAmt0164675
IRS990/OtherChangesInNetAssetsAmt057015
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04937
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04937
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2FIRE ALARM & SECURITY S
IRS990/OtherExpensesGrp/Desc3CONTRACT LABOR
IRS990/OtherExpensesGrp/ProgramServicesAmt034215
IRS990/OtherExpensesGrp/ProgramServicesAmt129316
IRS990/OtherExpensesGrp/ProgramServicesAmt27502
IRS990/OtherExpensesGrp/ProgramServicesAmt36520
IRS990/OtherExpensesGrp/TotalAmt034215
IRS990/OtherExpensesGrp/TotalAmt129316
IRS990/OtherExpensesGrp/TotalAmt27502
IRS990/OtherExpensesGrp/TotalAmt36520
IRS990/OtherLiabilitiesGrp/BOYAmt065868
IRS990/OtherLiabilitiesGrp/EOYAmt0100711
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLAEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc1RENT LATE FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0742
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0742
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15
IRS990/OtherRevenueTotalAmt0747
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt024535
IRS990/OtherSalariesAndWagesGrp/TotalAmt024535
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt01903
IRS990/PayrollTaxesGrp/TotalAmt01903
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0194
IRS990/PensionPlanContributionsGrp/TotalAmt0194
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0817
IRS990/PrincipalOfficerNm0AHMED MARTIN
IRS990/PriorPeriodAdjustmentsAmt0-11404
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1812300
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt079969
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1281
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt079969
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1281
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0170120
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0946
IRS990/PYOtherExpensesAmt0451333
IRS990/PYOtherRevenueAmt05
IRS990/PYProgramServiceRevenueAmt076790
IRS990/PYRevenuesLessExpensesAmt0-231197
IRS990/PYSalariesCompEmpBnftPaidAmt027725
IRS990/PYTotalExpensesAmt0479058
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0247861
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-234053
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt080997
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0RENT LATE FEES $5 MISCELLAEOUS INCOME $742
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0178534
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt076580
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0183247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0156852
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0127171
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0722384
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0103
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0946
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0484
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt084
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt062
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01679
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0476382
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0747
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0215
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt033389
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02100
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02396
IRS990ScheduleA/OtherIncome170Grp/TotalAmt038847
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94690
IRS990ScheduleA/PublicSupportPY170Pct00.94040
IRS990ScheduleA/PublicSupportTotal170Amt0722384
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0178534
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt076580
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0183247
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0156852
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0127171
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0722384
IRS990ScheduleA/TotalSupportAmt0762910
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt05088176
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01857788
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06945964
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0255000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0255000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014091
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt022631
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt036722
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt091956
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18755
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANTS SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MBCDC VILLA MATTI IS ORGANIZED AS NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED. THE ORGANIZATION'S INFORMATION RETURNS FILED WITH THE INTERNAL REVENUE SERVICE HAVE NOT BEEN EXAMINED IN THE PAST. THE ORGANIZATION IS NOT AWARE OF ANY UNCERTAINTIES THAT COULD JEOPARDIZE ITS NOT-FOR-PROFIT STATUS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES IS DEEMED NECESSARY. THE ORGANIZATION'S TAX RETURNS FOR THE YEARS 2015,2016 AND 2017 REMAIN SUBJECT TO EXAMINATION BY INTERNAL REVENUE SERVICE. IN THE UNLIKELY EVENT AN UNCERTAIN TAX POSITION EXISTED IN WHICH THE ORGANIZATION COULD INCUR CORPORATE INCOME TAXES, MANAGEMENT WOULD EVALUATE WHETHER THERE IS A PROBABILITY THAT THE UNCERTAIN TAX POSITION TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY IN ACCORDANCE WITH FASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. BASED ON THE IMPLEMENTATION OF FAS ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE ORGANIZATION HAS DETERMINED THAT NO AMOUNTS ARE REQUIRED TO BE ACCRUED FOR TAXES OR RELATED PENALTIES AND INTEREST FOR ANY TAX POSITIONS TAKEN THROUGH SEPTEMBER 30, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05357267
IRS990ScheduleD/TotalLiabilityAmt0100711
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY WAS RECEIVED FROM THE ENTITIES INDEPENDENT ACCOUNTANTS AND ALL BOARD MEMBERS REVIEWED AT A MEETING BEFORE SIGN AND MAIL IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICERS AND DIRECTORS ARE REQUIRED, ANNUALLY IN A MEETING, TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BY WRITTEN REQUEST THE REQUIRED INFORMATION WILL BE PROVIDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TAX/BOOK DEPRECIATION DIFFERENCE 57,015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MIAMI BEACH COMMUNITY DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1MBCDC-THE SHELBOURNE APARTMENTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2MBCDC FERNWOOD APARTMENTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3MBCDC CRESPI PARK APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4MBCDC THE JEFFERSON INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5MBCDC SEYMOUR HOTEL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0592110264
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1650457251
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2650899456
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3311655567
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4650767473
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN5650810144
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt5501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4FL

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,525,581
Liabilities
$108,680
Net assets
$5,416,901
Revenue
$259,634
Expenses
$493,687
Net income
-$234,053
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.02$0.40$4.62$0.26$0.77$0.51
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.15$0.07$5.08$0.26$0.46$0.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.27$0.06$5.21$0.25$0.43$0.17
2021Detailed filing. Detailed filing data is available for this year.$5.53$0.11$5.42$0.26$0.49$0.23
2016Detailed filing. Detailed filing data is available for this year.$6.57$0.09$6.48$0.20$0.40$0.19
2015Detailed filing. Detailed filing data is available for this year.$6.75$0.07$6.68$0.20$0.42$0.21
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $5M-$10M nonprofits