Civic Intelligence

Miracleplace Inc

990 • Fiscal year 2014 • EIN 46-1194921

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 26, 2015

2002 North Florida AvenueTampa, FL 33602

(813) 209-1200

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.99x

Higher debt load relative to assets than 92% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

98th percentile

21.15x

Higher debt load relative to revenue than 98% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

9th percentile

-23%

Higher net margin than 9% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

Score unavailable

No value available

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

Source year 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

$18,825,739

No earlier filing loaded for comparison.

Net Assets

$259,259

No earlier filing loaded for comparison.

Liabilities

$18,566,480

No earlier filing loaded for comparison.

Revenue

$877,717

No earlier filing loaded for comparison.

Expenses

$1,081,416

No earlier filing loaded for comparison.

Net Income

-$203,699

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.

$20M$10M$0-$10MAssets 2014: $18,825,739Liabilities 2014: $18,566,480Net Assets 2014: $259,2592014Assets 2015: $18,270,761Liabilities 2015: $18,566,002Net Assets 2015: -$295,2412015Assets 2016: $17,401,158Liabilities 2016: $18,566,002Net Assets 2016: -$1,164,8442016Assets 2017: $16,309,096Liabilities 2017: $18,273,497Net Assets 2017: -$1,964,4012017Assets 2018: $15,789,244Liabilities 2018: $18,549,462Net Assets 2018: -$2,760,2182018Assets 2020: $13,783,352Liabilities 2020: $0Net Assets 2020: $13,783,3522020Assets 2021: $12,731,334Liabilities 2021: $0Net Assets 2021: $12,731,3342021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2014

Assets$18,825,739
Liabilities$18,566,480
Net Assets$259,259

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2014: $877,717Expenses 2014: $1,081,416Net Income 2014: -$203,6992014Revenue 2015: $385,570Expenses 2015: $940,070Net Income 2015: -$554,5002015Revenue 2016: $389,980Expenses 2016: $1,259,583Net Income 2016: -$869,6032016Revenue 2017: $392,069Expenses 2017: $1,191,626Net Income 2017: -$799,5572017Revenue 2018: $396,290Expenses 2018: $1,192,107Net Income 2018: -$795,8172018Revenue 2020: $313Expenses 2020: $1,354,006Net Income 2020: -$1,353,6932020Revenue 2021: $0Expenses 2021: $388,713Net Income 2021: -$388,7132021Revenue 2022: $0Expenses 2022: $388,713Net Income 2022: -$388,7132022

Highlighted filing

2014

Revenue$877,717
Expenses$1,081,416
Net Income-$203,699
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 26, 2015
Return Version
2013v4.0
Gross Receipts
$877,717
Mission and Program Overview

Mission

To support the mission of metropolitan ministries, inc., also a501(c)(3) organization, to care for the homeless and those in risk ofbecoming homeless in the tampa bay community, through services thatalleviate suffering, promote dignity and instill self-sufficiency as an expression of the ongoing ministry of jesus christ.

To act as a supporting organization of metropolitan ministries, inc., a florida not-for-profit corporation

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,809,131$16,810,714▲ $9,001,583
Savings and Temporary Cash Investments$9,927,166$849,329▼ $9,077,837
Total Assets$18,894,535$18,825,739▼ $68,796
Other Assets Total$1,158,238$1,165,696▲ $7,458
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,431,577$18,431,577→ $0
Accounts Payable and Accrued Expenses-$134,903-
Total Liabilities$18,431,577$18,566,480▲ $134,903
Net Assets / Fund Balance
Unrestricted Net Assets$462,958$259,259▼ $203,699
Total Net Assets Fund Balance$462,958$259,259▼ $203,699
Total Liabilities and Net Assets / Fund Balance$18,894,535$18,825,739▼ $68,796

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,407,332$197,187$11,604,519
Land$4,800,000-$4,800,000
Equipment$603,382$117,775$721,157
Other Assets Org$808,539--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kenneth MarinikTreasurer$37,019$37,019

Board Members and Trustees

NameTitle
Bruce TigertChair
Robert ShimbergDirector & Chair Elect
Tim MarksPresident
Dan RodriguezDirector
Thomas P CornettDirector
Preston FarriorDirector & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$6,909
Other Revenue
$870,808
Change in Net Assets
$-203,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,081,416
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
Other Expenses$665,140--$665,140
Depreciation Depletion$314,962--$314,962
Interest$101,168--$101,168
Office Expenses$146--$146
Total Functional Expenses$1,081,416$0$0$1,081,416
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The completed form 990 is emailed to each board member individually and reviewed by the audit committee of the board of directors. The audit committee of the board of directors must accept and approve the completed form 990.

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

The organization enforces the conflict of interest policy by having each board member sign an acknowledgement and disclosure form each year in which they are acknowledging the policy and disclosing any potential conflicts. The organization's president and cfo sign a disclosure form each year identifying any potential conflicts, such as transactions with board members or their affiliates, known to them.

Form 990, Part VI, Section C, Line 19

The organization governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

EIN
46-1194921
Phone
8132091200

Signing Officer

Name
Kenneth M Marinik
Title
Treasurer
Phone
8132091200
Signed
2015-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth M Marinik
Formed
2012
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Preparer
Sam a Lazzara
Phone
8138757774
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management is not aware of any activities that would jeopardize the miracleplace's tax exempt status. Tax years after 2010 remain subject to examination by federal and state taxing authorities.

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IRS990/MissionDesc0MIRACLEPLACE, INC. MISSION AND PURPOSE ARE TO SUPPORT THE MISSION OF METROPOLITAN MINISTRIES, INC. (ALSO A 501(C )(3) ORGANIZATION) TO CARE FOR THE HOMELESS AND THOSE IN RISK OF BECOMING HOMELESS IN THE TAMPA BAY COMMUNITY, THROUGH SERVICES THAT ALLEVIATE SUFFERING, PROMOTE DIGNITY AND INSTILL SELF-SUFFICIENCY AS AN EXPRESSION OF THE ONGOING MINISTRY OF JESUS CHRIST.MIRACLEPLACE, INC. SUPPORTS METROPOLITAN MINISTRIES BY USE OF FEDERAL AND STATE NEW MARKETS TAX CREDITS FOR DEVELOPMENT AND RENOVATION OF QUALIFIED LOW-INCOME COMMUNITY INVESTMENTS.MIRACLEPLACE, INC. COMPLETED A NEW MARKETS TAX CREDITS TRANSACTION IN 2012 TO PROVIDE FUNDS TO FINANCE THE EXPANSION AND DEVELOPMENT IN TAMPA, FLORIDA OF A NEW TRANSITIONAL HOUSING AND CHILD CARE FACILITY, KITCHEN EXPANSION, AND RENOVATION TO THE EXISTING TRANSITIONAL HOUSING FACILITY FOR THE HOMELESS AND THOSE IN RISK OF BECOMING HOMELESS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE MIRACLEPLACE'S TAX EXEMPT STATUS. TAX YEARS AFTER 2010 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPLETED FORM 990 IS EMAILED TO EACH BOARD MEMBER INDIVIDUALLY AND REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS MUST ACCEPT AND APPROVE THE COMPLETED FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY HAVING EACH BOARD MEMBER SIGN AN ACKNOWLEDGEMENT AND DISCLOSURE FORM EACH YEAR IN WHICH THEY ARE ACKNOWLEDGING THE POLICY AND DISCLOSING ANY POTENTIAL CONFLICTS. THE ORGANIZATION'S PRESIDENT AND CFO SIGN A DISCLOSURE FORM EACH YEAR IDENTIFYING ANY POTENTIAL CONFLICTS, SUCH AS TRANSACTIONS WITH BOARD MEMBERS OR THEIR AFFILIATES, KNOWN TO THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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/DirectControllingEntityName/BusinessNameLine10METROPOLITAN MINISTRIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine11METROPOLITAN MINISTRIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine12METROPOLITAN MINISTRIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine13METROPOLITAN MINISTRIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10METROPOLITAN MINISTRIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11METROPOLITAN MINISTRIES FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine12MIRACLEPLACE FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine13MIRACLEPLACE PASCO TAMPA INITIATIVE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0591477007
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1203535998
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2461183082
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3465676552
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CARE FOR THE HOMELESS AND THOSE AT RISK OF BECOMING HOMELESS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1ENSURE FINANCIAL STABILITY OF METROPOLITAN MINISTRIES, INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2HOLD CERTAIN ASSETS AND NEW MARKETS TAX CREDITS INVESTMENTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3HOLD TITLE TO FIXED ASSETS AND NEW MARKETS TAX CREDIT DEBT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 11A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 11B, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt3LINE 11B, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine102002 N FLORIDA AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine112002 N FLORIDA AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine122002 N FLORIDA AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine132002 N FLORIDA AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0TAMPA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City1TAMPA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City2TAMPA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City3TAMPA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State2FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State3FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode033602
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode133602
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode233602
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode333602
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0870808
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1665140
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH RECEIVED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10METROPOLITAN MINISTRIES INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine11METROPOLITAN MINISTRIES INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018894535
IRS990/TotalAssetsEOYAmt018825739
IRS990/TotalAssetsGrp/BOYAmt018894535
IRS990/TotalAssetsGrp/EOYAmt018825739
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01081416
IRS990/TotalFunctionalExpensesGrp/TotalAmt01081416
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018431577
IRS990/TotalLiabilitiesEOYAmt018566480
IRS990/TotalLiabilitiesGrp/BOYAmt018431577
IRS990/TotalLiabilitiesGrp/EOYAmt018566480
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0462958
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0259259
IRS990/TotalOtherCompensationAmt06938
IRS990/TotalProgramServiceExpensesAmt01081416
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06909
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0870808
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0877717
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018894535
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt018825739
IRS990/TotReportableCompRltdOrgAmt0197764
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0462958
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0259259
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102002 NORTH FLORIDA AVENUE
IRS990/USAddress/City0TAMPA
IRS990/USAddress/State0FL
IRS990/USAddress/ZIPCode033602
IRS990/VotingMembersGoverningBodyCnt05

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