Civic Intelligence

Mbcdc Villa Matti Inc.

990 • Fiscal year 2022 • EIN 26-0887892

Oct 01, 2021 to Sep 30, 2022 • Filed on Aug 11, 2023

Organization ProfileWWW.MIAMIBEACHCDC.COM
945 Pennsylvania Ave 2nd Floor 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

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.22x

Higher debt load relative to revenue than 58% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

5th percentile

-69%

Higher net margin than 5% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

31st percentile

-4.6%

Faster asset growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

36th percentile

-2.8%

Faster revenue growth than 36% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$5,269,093

Down $256,488 (-4.6%) from 2021

Net Assets

Down

$5,212,456

Down $204,445 (-3.8%) from 2021

Liabilities

Down

$56,637

Down $52,043 (-48%) from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin5th percentile

Revenue

Down

$252,453

Down $7,181 (-2.8%) from 2021

Expenses

Down

$427,063

Down $66,624 (-13%) from 2021

Net Income

Up

-$174,610

Up $59,443 (+25%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

2022

Assets$5,269,093
Liabilities$56,637
Net Assets$5,212,456
Open 2022 Filing

Operations Trend

Revenue Growth36th percentile

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

2022

Revenue$252,453
Expenses$427,063
Net Income-$174,610
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 11, 2023
Return Version
2021v4.2
Gross Receipts
$252,453
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$5,357,267$5,055,851▼ $301,416
Cash and Non-Interest-Bearing Accounts$3,060$15,740▲ $12,680
Accounts Receivable$579$14,275▲ $13,696
Total Assets$5,525,581$5,269,093▼ $256,488
Other Assets Total$164,675$183,227▲ $18,552
Liabilities
Other Liabilities$100,711$56,637▼ $44,074
Accounts Payable and Accrued Expenses$7,969--
Total Liabilities$108,680$56,637▼ $52,043
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,755,452$6,755,452→ $0
Net Assets Without Donor Restrictions$-1,338,551$-1,542,996▼ $204,445
Total Net Assets Fund Balance$5,416,901$5,212,456▼ $204,445
Total Liabilities and Net Assets / Fund Balance$5,525,581$5,269,093▼ $256,488

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,793,975$2,151,989$6,945,964
Land$255,000-$255,000
Other Land Buildings$6,876$29,846$36,722
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$169,531
Program Service Revenue
$82,590
Investment Income
$159
Other Revenue
$173
Change in Net Assets
$-174,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$399,973
Salaries, Compensation, and Employee Benefits$27,090
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$33,754--$33,754
Other Salaries and Wages$10,179$10,797-$20,976
Fees for Services Management-$17,775-$17,775
Office Expenses$6,240$5,307-$11,547
Fees for Services Accounting-$7,500-$7,500
Fees for Services Legal-$5,119-$5,119
Other Employee Benefits$3,786$511-$4,297
All Other Expenses$494$3,775-$4,269
Other Expenses$4,256$1,828-$4,256
Advertising-$2,198-$2,198
Payroll Taxes$1,655--$1,655
Travel-$295-$295
Conferences and Meetings-$163-$163
Pension Plan Contributions$98$64-$162
Total Functional Expenses$371,731$55,332$0$427,063
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$51,712
Tenants Security Deposits$4,925
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
945 PENNSYLVANIA AVE 2ND FLOOR 102, MIAMI BEACH, FL 33139

Signing Officer

Name
Ahmed Martin
Title
Executive Director
Phone
3055380090
Signed
2023-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ahmed Martin
Formed
2007
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Glsc & Company Pllc
Address
6303 WATERFORD DISTRICT DR STE 200, MIAMI, FL 33126
Preparer
Eduard a Baltar
Phone
3053730123
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Tax/book depreciation difference 3,688.”

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 2018,2019 and 2020 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, 2022.”

Raw XML AppendixShowing 400 of 568 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/BOYAmt07969
IRS990/AccountsReceivableGrp/BOYAmt0579
IRS990/AccountsReceivableGrp/EOYAmt014275
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/AdvertisingGrp/ManagementAndGeneralAmt02198
IRS990/AdvertisingGrp/TotalAmt02198
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03775
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0494
IRS990/AllOtherExpensesGrp/TotalAmt04269
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/BOYAmt03060
IRS990/CashNonInterestBearingGrp/EOYAmt015740
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0163
IRS990/ConferencesMeetingsGrp/TotalAmt0163
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0169531
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0159
IRS990/CYOtherExpensesAmt0399973
IRS990/CYOtherRevenueAmt0173
IRS990/CYProgramServiceRevenueAmt082590
IRS990/CYRevenuesLessExpensesAmt0-174610
IRS990/CYSalariesCompEmpBnftPaidAmt027090
IRS990/CYTotalExpensesAmt0427063
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0252453
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/ExpenseAmt0371731
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07500
IRS990/FeesForServicesAccountingGrp/TotalAmt07500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt05119
IRS990/FeesForServicesLegalGrp/TotalAmt05119
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt017775
IRS990/FeesForServicesManagementGrp/TotalAmt017775
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
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/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/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/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/PersonNm9CRISTIAN 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/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/ReportableCompFromRltdOrgAmt90
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/TitleTxt9CHIEF OPERATING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0169531
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0252453
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt033754
IRS990/InsuranceGrp/TotalAmt033754
IRS990/InvestmentIncomeGrp/ExclusionAmt0159
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0159
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02181835
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05357267
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05055851
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/NetAssetsOrFundBalancesBOYAmt05416901
IRS990/NetAssetsOrFundBalancesEOYAmt05212456
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1338551
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1542996
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05307
IRS990/OfficeExpensesGrp/ProgramServicesAmt06240
IRS990/OfficeExpensesGrp/TotalAmt011547
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0164675
IRS990/OtherAssetsTotalGrp/EOYAmt0183227
IRS990/OtherChangesInNetAssetsAmt03688
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0511
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03786
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04297
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc3FIRE ALARM & SECURITY S
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01828
IRS990/OtherExpensesGrp/ProgramServicesAmt037030
IRS990/OtherExpensesGrp/ProgramServicesAmt129914
IRS990/OtherExpensesGrp/ProgramServicesAmt27300
IRS990/OtherExpensesGrp/ProgramServicesAmt34256
IRS990/OtherExpensesGrp/TotalAmt037030
IRS990/OtherExpensesGrp/TotalAmt129914
IRS990/OtherExpensesGrp/TotalAmt29128
IRS990/OtherExpensesGrp/TotalAmt34256
IRS990/OtherLiabilitiesGrp/BOYAmt0100711
IRS990/OtherLiabilitiesGrp/EOYAmt056637
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLAEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc1RENT LATE FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0128
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt145
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0128
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt145
IRS990/OtherRevenueTotalAmt0173
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010797
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010179
IRS990/OtherSalariesAndWagesGrp/TotalAmt020976
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt01655
IRS990/PayrollTaxesGrp/TotalAmt01655
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt064
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt098
IRS990/PensionPlanContributionsGrp/TotalAmt0162
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0AHMED MARTIN
IRS990/PriorPeriodAdjustmentsAmt0-33523
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1812300
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt082520
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt170
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt082520
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt170
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0178534
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0103
IRS990/PYOtherExpensesAmt0462118
IRS990/PYOtherRevenueAmt0747
IRS990/PYProgramServiceRevenueAmt080250
IRS990/PYRevenuesLessExpensesAmt0-234053
IRS990/PYSalariesCompEmpBnftPaidAmt031569
IRS990/PYTotalExpensesAmt0493687
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0259634
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-174610
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt082763
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0RENT LATE FEES $45.00 MISCELLANEOUS INCOME $128.00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0169531
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0178534
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt076580
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0183247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0156852
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0764744
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0159
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0103
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0946
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0484
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt084
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01776
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0484763
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0243
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0747
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0215
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt033389
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02100
IRS990ScheduleA/OtherIncome170Grp/TotalAmt036694
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95210
IRS990ScheduleA/PublicSupportPY170Pct00.94690
IRS990ScheduleA/PublicSupportTotal170Amt0764744
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0169531
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0178534
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt076580
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0183247
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0156852
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0764744
IRS990ScheduleA/TotalSupportAmt0803214
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/BookValueAmt04793975
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02151989
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06945964
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0255000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0255000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06876
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt029846
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt036722
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt051712
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14925
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 2018,2019 AND 2020 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, 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05055851
IRS990ScheduleD/TotalLiabilityAmt056637
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 3,688.
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd5FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE HOUSING FACILITIES TO LOW INCOME PERSONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PROVIDE HOUSING FACILITIES TO LOW INCOME PERSONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2PROVIDE HOUSING FACILITIES TO THE DISABLED PERSONS LIVING WITH HIV/AIDS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3PROVIDE HOUSING FACILITIES TO LOW INCOME PERSONS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,269,093
Liabilities
$56,637
Net assets
$5,212,456
Revenue
$252,453
Expenses
$427,063
Net income
-$174,610
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
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$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