Civic Intelligence

Miami Beach Community Development Corporation Inc.

990 • Fiscal year 2018 • EIN 59-2110264

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 15, 2019

Organization ProfileMIAMIBEACHCDC.COM

View Organization Page

945 Pennsylvania Avenue 2nd FloorMiami Beach, FL 33139

(305) 538-0090

Siviq Scores

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

Liabilities / Assets

61st percentile

0.38x

Higher debt load relative to assets than 61% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

4.56x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

6th percentile

-32%

Higher net margin than 6% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

16th percentile

$125,208

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

23rd percentile

-3.2%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

75th percentile

17%

Faster revenue growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$30,894,725

Down $1,010,753 (-3.2%) from 2017

Net Assets

Down

$19,268,443

Down $4,160,554 (-18%) from 2017

Liabilities

Up

$11,626,282

Up $3,149,801 (+37%) from 2017

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin6th percentile

Revenue

Up

$2,548,537

Up $376,274 (+17%) from 2017

Expenses

Down

$3,357,837

Down $8,145 (-0.2%) from 2017

Net Income

Up

-$809,300

Up $384,419 (+32%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$60M$40M$20M$0Assets 2011: $53,726,401Liabilities 2011: $50,839,980Net Assets 2011: $2,886,4212011Assets 2012: $50,621,524Liabilities 2012: $15,329,841Net Assets 2012: $35,291,6832012Assets 2013: $58,772,403Liabilities 2013: $15,210,159Net Assets 2013: $43,562,2442013Assets 2015: $34,405,879Liabilities 2015: $9,475,580Net Assets 2015: $24,930,2992015Assets 2016: $33,206,565Liabilities 2016: $8,632,998Net Assets 2016: $24,573,5672016Assets 2017: $31,905,478Liabilities 2017: $8,476,481Net Assets 2017: $23,428,9972017Assets 2018: $30,894,725Liabilities 2018: $11,626,282Net Assets 2018: $19,268,4432018Assets 2019: $29,085,573Liabilities 2019: $7,338,716Net Assets 2019: $21,746,8572019Assets 2020: $28,833,320Liabilities 2020: $9,300,809Net Assets 2020: $19,532,5112020Assets 2021: $28,003,490Liabilities 2021: $9,300,408Net Assets 2021: $18,703,0822021Assets 2022: $27,362,430Liabilities 2022: $9,071,992Net Assets 2022: $18,290,4382022Assets 2023: $26,537,809Liabilities 2023: $12,741,250Net Assets 2023: $13,796,5592023Assets 2024: $23,784,681Liabilities 2024: $13,129,363Net Assets 2024: $10,655,3182024

Highlighted filing

2018

Assets$30,894,725
Liabilities$11,626,282
Net Assets$19,268,443
Open 2018 Filing

Operations Trend

Revenue Growth75th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,974,112Expenses 2011: $2,990,380Net Income 2011: $983,7322011Revenue 2012: $3,012,425Expenses 2012: $2,861,999Net Income 2012: $150,4262012Revenue 2013: $3,258,233Expenses 2013: $4,471,939Net Income 2013: -$1,213,7062013Revenue 2015: $2,832,955Expenses 2015: $3,799,523Net Income 2015: -$966,5682015Revenue 2016: $2,567,377Expenses 2016: $3,502,576Net Income 2016: -$935,1992016Revenue 2017: $2,172,263Expenses 2017: $3,365,982Net Income 2017: -$1,193,7192017Revenue 2018: $2,548,537Expenses 2018: $3,357,837Net Income 2018: -$809,3002018Revenue 2019: $1,980,141Expenses 2019: $3,338,793Net Income 2019: -$1,358,6522019Revenue 2020: $2,136,856Expenses 2020: $3,101,075Net Income 2020: -$964,2192020Revenue 2021: $2,129,125Expenses 2021: $2,938,058Net Income 2021: -$808,9332021Revenue 2022: $2,161,577Expenses 2022: $2,557,776Net Income 2022: -$396,1992022Revenue 2023: $2,063,632Expenses 2023: $2,844,698Net Income 2023: -$781,0662023Revenue 2024: $1,877,244Expenses 2024: $3,326,621Net Income 2024: -$1,449,3772024

Highlighted filing

2018

Revenue$2,548,537
Expenses$3,357,837
Net Income-$809,300
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 15, 2019
Return Version
2017v2.3
Gross Receipts
$2,581,805
Mission and Program Overview

Mission

To provide management services for non-profit organizations that provide housing facilities to low income and disabled persons.

Mbcdc is a neighborhood community development agency committed to the preservation of the miami beach architectural district and economic revitalization of south beach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,164,641$29,830,609▼ $1,334,032
Accounts Receivable$44,249$352,449▲ $308,200
Cash and Non-Interest-Bearing Accounts$345,299$341,888▼ $3,411
Prepaid Expenses and Deferred Charges$210,388$236,541▲ $26,153
Intangible Assets$87,137$92,029▲ $4,892
Pledges and Grants Receivable$53,764$41,209▼ $12,555
Total Assets$31,905,478$30,894,725▼ $1,010,753
Liabilities
Other Liabilities$8,234,182$11,437,149▲ $3,202,967
Accounts Payable and Accrued Expenses$242,251$187,636▼ $54,615
Deferred Revenue$48$1,497▲ $1,449
Total Liabilities$8,476,481$11,626,282▲ $3,149,801
Net Assets / Fund Balance
Temporarily Rstr Net Assets$26,492,918$23,080,621▼ $3,412,297
Unrestricted Net Assets$-3,063,921$-3,812,178▼ $748,257
Total Net Assets Fund Balance$23,428,997$19,268,443▼ $4,160,554
Total Liabilities and Net Assets / Fund Balance$31,905,478$30,894,725▼ $1,010,753

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$26,705,477$11,564,928$38,270,405
Land$2,945,274-$2,945,274
Leasehold Improvements$115,805$50,150$165,955
Equipment$64,053$27,739$91,792
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Belkis Beatriz Cuenta-barberioFormer Executive DirectorFT$125,208$125,208
Donna GuntherDeputy DirectorFT$101,238$101,238

Board Members and Trustees

NameTitle
Monica Matteo-salinasChairman
Jeff FelmanVice Chair
Carmen CastilloDirector
Ibis ValdesDirector
Judy RobertsonDirector
Kathaleen SmarshDirector
Michael HammonDirector
Juanita FlanklinSecretary
Jason WitrockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$926,507
Program Service Revenue
$1,475,848
Investment Income
$97,962
Other Revenue
$48,220
All Other Contributions
$85,048
Change in Net Assets
$-809,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,570,586
Salaries, Compensation, and Employee Benefits$787,251
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,294,963--$1,294,963
Other Salaries and Wages$490,831--$490,831
Insurance$381,004--$381,004
Current Officers, Directors, Trustees, and Key Employees$148,210$148,210-$296,420
Interest$214,392--$214,392
Fees for Services Legal$69,157$7,684-$76,841
All Other Expenses$53,806$8,009-$61,815
Fees for Services Accounting$41,400$4,600-$46,000
Other Expenses$32,826--$32,826
Conferences and Meetings$6,506$723-$7,229
Office Expenses$1,086$1,086-$2,172
Advertising$2,100--$2,100
Total Functional Expenses$3,187,525$170,312$0$3,357,837
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
Long Term Debt$10,489,848
Line of Credit$452,114
Due to Affiliates$216,837
Accrued Expenses$102,253
Security Deposit$97,332
Employee Benefit Liability$78,765
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, directors and key employees 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
Miami Beach Community Development
EIN
59-2110264
Phone
3055380090
Address
945 PENNSYLVANIA AVENUE 2ND FLOOR, MIAMI BEACH, FL 33139

Signing Officer

Name
Ahmed Martin
Title
Executive Director
Phone
3055380090
Signed
2019-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ahmed Martin
Formed
1981
Legal Domicile
Fl
Voting Board Members
12
Independent Board Members
9
Employees
19
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:

“Transfer from restricted net assets to long term loan -3,469,348.”

Financial Statement Notes

PART X, LINE 2:

“Miami beach community development corp. 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 2014,2015 and 2016 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, 2018.”

Raw XML AppendixShowing 400 of 707 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/BOYAmt0242251
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0187636
IRS990/AccountsReceivableGrp/BOYAmt044249
IRS990/AccountsReceivableGrp/EOYAmt0352449
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0MBCDC IS A NEIGHBORHOOD COMMUNITY DEVELOPMENT AGENCY COMMITTED TO THE PRESERVATION OF THE MIAMI BEACH ARCHITECTURAL DISTRICT AND ECONOMIC REVITALIZATION OF SOUTH BEACH.
IRS990/AdvertisingGrp/ProgramServicesAmt02100
IRS990/AdvertisingGrp/TotalAmt02100
IRS990/AllOtherContributionsAmt085048
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt08009
IRS990/AllOtherExpensesGrp/ProgramServicesAmt053806
IRS990/AllOtherExpensesGrp/TotalAmt061815
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
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/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0345299
IRS990/CashNonInterestBearingGrp/EOYAmt0341888
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0148210
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0148210
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0296420
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0723
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt06506
IRS990/ConferencesMeetingsGrp/TotalAmt07229
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0926507
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt097962
IRS990/CYOtherExpensesAmt02570586
IRS990/CYOtherRevenueAmt048220
IRS990/CYProgramServiceRevenueAmt01475848
IRS990/CYRevenuesLessExpensesAmt0-809300
IRS990/CYSalariesCompEmpBnftPaidAmt0787251
IRS990/CYTotalExpensesAmt03357837
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02548537
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt048
IRS990/DeferredRevenueGrp/EOYAmt01497
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01294963
IRS990/DepreciationDepletionGrp/TotalAmt01294963
IRS990/Desc0TO PROVIDE MANAGEMENT SERVICES FOR NON-PROFIT ORGANIZATIONS THAT PROVIDE HOUSING FACILITIES TO LOW INCOME AND DISABLED PERSONS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt019
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04600
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt041400
IRS990/FeesForServicesAccountingGrp/TotalAmt046000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt07684
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt069157
IRS990/FeesForServicesLegalGrp/TotalAmt076841
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
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/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
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/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0JEFF FELMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1JUDY ROBERTSON
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL HAMMON
IRS990/Form990PartVIISectionAGrp/PersonNm3DONNA GUNTHER
IRS990/Form990PartVIISectionAGrp/PersonNm4KATHALEEN SMARSH
IRS990/Form990PartVIISectionAGrp/PersonNm5IBIS VALDES
IRS990/Form990PartVIISectionAGrp/PersonNm6MONICA MATTEO-SALINAS
IRS990/Form990PartVIISectionAGrp/PersonNm7JASON WITROCK
IRS990/Form990PartVIISectionAGrp/PersonNm8CARMEN CASTILLO
IRS990/Form990PartVIISectionAGrp/PersonNm9JUANITA FLANKLIN
IRS990/Form990PartVIISectionAGrp/PersonNm10BELKIS BEATRIZ CUENTA-BARBERIO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3101238
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10125208
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DEPUTY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10FORMER EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01981
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt097705
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0841459
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0130973
IRS990/GrossReceiptsAmt02581805
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0381004
IRS990/InsuranceGrp/TotalAmt0381004
IRS990/IntangibleAssetsGrp/BOYAmt087137
IRS990/IntangibleAssetsGrp/EOYAmt092029
IRS990/InterestGrp/ProgramServicesAmt0214392
IRS990/InterestGrp/TotalAmt0214392
IRS990/InvestmentIncomeGrp/ExclusionAmt0257
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0257
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011642817
IRS990/LandBldgEquipBasisNetGrp/BOYAmt031164641
IRS990/LandBldgEquipBasisNetGrp/EOYAmt029830609
IRS990/LandBldgEquipCostOrOtherBssAmt041473426
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt033268
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE MANAGEMENT SERVICES FOR NON-PROFIT ORGANIZATIONS THAT PROVIDE HOUSING FACILITIES TO LOW INCOME AND DISABLED PERSONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt023428997
IRS990/NetAssetsOrFundBalancesEOYAmt019268443
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt097705
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt097705
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01086
IRS990/OfficeExpensesGrp/ProgramServicesAmt01086
IRS990/OfficeExpensesGrp/TotalAmt02172
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-3469348
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/Desc3FIRE ALARM AND SECURITY
IRS990/OtherExpensesGrp/ProgramServicesAmt0289675
IRS990/OtherExpensesGrp/ProgramServicesAmt1119011
IRS990/OtherExpensesGrp/ProgramServicesAmt242558
IRS990/OtherExpensesGrp/ProgramServicesAmt332826
IRS990/OtherExpensesGrp/TotalAmt0289675
IRS990/OtherExpensesGrp/TotalAmt1119011
IRS990/OtherExpensesGrp/TotalAmt242558
IRS990/OtherExpensesGrp/TotalAmt332826
IRS990/OtherLiabilitiesGrp/BOYAmt08234182
IRS990/OtherLiabilitiesGrp/EOYAmt011437149
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt048220
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt048220
IRS990/OtherRevenueTotalAmt048220
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0490831
IRS990/OtherSalariesAndWagesGrp/TotalAmt0490831
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt053764
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt041209
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0210388
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0236541
IRS990/PrincipalOfficerNm0AHMED MARTIN
IRS990/PriorPeriodAdjustmentsAmt0118094
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1541610
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3812300
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY AND VENDING IN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01082260
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1332124
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt254865
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt36599
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01082260
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1332124
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt254865
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36599
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE HOUSING FACILITIES TO LOW-INCOME AND DISABLED PERSONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03187525
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01289649
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0645395
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt084316
IRS990/PYOtherExpensesAmt02507758
IRS990/PYOtherRevenueAmt033911
IRS990/PYProgramServiceRevenueAmt01408641
IRS990/PYRevenuesLessExpensesAmt0-1193719
IRS990/PYSalariesCompEmpBnftPaidAmt0858224
IRS990/PYTotalExpensesAmt03365982
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02172263
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-809300
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0332124
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0926507
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0645395
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0710413
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0834408
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0526638
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03643361
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0257
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0193
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0185
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0644
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01414384
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01401912
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01371465
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01344452
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01905001
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07437214
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0257
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0193
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0185
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0644
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0109684
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt040640
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0485312
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0298628
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0934264
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92220
IRS990ScheduleA/PublicSupportPY509Pct00.92440
IRS990ScheduleA/PublicSupportTotal509Amt011080575
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02340891
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02047307
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02081878
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02178860
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02431639
IRS990ScheduleA/Total509Grp/TotalAmt011080575
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02450832
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02088140
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02567375
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02477497
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02431639
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012015483
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt026705477
IRS990ScheduleD/BuildingsGrp/DepreciationAmt011564928
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt038270405
IRS990ScheduleD/EquipmentGrp/BookValueAmt064053
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027739
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt091792
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02945274
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02945274
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0115805
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt050150
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0165955
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0452114
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110489848
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2216837
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt397332
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt478765
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5102253
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LONG TERM DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4EMPLOYEE BENEFIT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5ACCRUED EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MIAMI BEACH COMMUNITY DEVELOPMENT CORP. 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 2014,2015 AND 2016 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, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029830609
IRS990ScheduleD/TotalLiabilityAmt011437149
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0125208
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BELKIS BEATRIZ CUENTA-BARBERIO

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,894,725
Liabilities
$11,626,282
Net assets
$19,268,443
Revenue
$2,548,537
Expenses
$3,357,837
Net income
-$809,300
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.8$13.1$10.7$1.88$3.33$1.45
2023Summary only. Only limited summary data is available for this year.$26.5$12.7$13.8$2.06$2.84$0.78
2022Summary only. Only limited summary data is available for this year.$27.4$9.07$18.3$2.16$2.56$0.40
2021Summary only. Only limited summary data is available for this year.$28.0$9.30$18.7$2.13$2.94$0.81
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.8$9.30$19.5$2.14$3.10$0.96
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$7.34$21.7$1.98$3.34$1.36
2018Detailed filing. Detailed filing data is available for this year.$30.9$11.6$19.3$2.55$3.36$0.81
2017Summary only. Only limited summary data is available for this year.$31.9$8.48$23.4$2.17$3.37$1.19
2016Detailed filing. Detailed filing data is available for this year.$33.2$8.63$24.6$2.57$3.50$0.94
2015Detailed filing. Detailed filing data is available for this year.$34.4$9.48$24.9$2.83$3.80$0.97
2013Summary only. Only limited summary data is available for this year.$58.8$15.2$43.6$3.26$4.47$1.21
2012Summary only. Only limited summary data is available for this year.$50.6$15.3$35.3$3.01$2.86$0.15
2011Summary only. Only limited summary data is available for this year.$53.7$50.8$2.89$3.97$2.99$0.98