Civic Intelligence

Miami Beach Community Development Corporation Inc.

990 • Fiscal year 2019 • EIN 59-2110264

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 17, 2020

Organization ProfileMIAMIBEACHCDC.COM

View Organization Page

1688 Meridian Ave Suite 600 700Miami Beach, FL 33139

(305) 538-0090

Siviq Scores

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

Liabilities / Assets

50th percentile

0.25x

Higher debt load relative to assets than 50% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

3.71x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

4th percentile

-69%

Higher net margin than 4% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

12th percentile

$103,809

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

11th percentile

-5.9%

Faster asset growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

12th percentile

-22%

Faster revenue growth than 12% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$29,085,573

Down $1,809,152 (-5.9%) from 2018

Net Assets

Up

$21,746,857

Up $2,478,414 (+13%) from 2018

Liabilities

Down

$7,338,716

Down $4,287,566 (-37%) from 2018

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin4th percentile

Revenue

Down

$1,980,141

Down $568,396 (-22%) from 2018

Expenses

Down

$3,338,793

Down $19,044 (-0.6%) from 2018

Net Income

Down

-$1,358,652

Down $549,352 (-68%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2019

Assets$29,085,573
Liabilities$7,338,716
Net Assets$21,746,857
Open 2019 Filing

Operations Trend

Revenue Growth12th 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

2019

Revenue$1,980,141
Expenses$3,338,793
Net Income-$1,358,652
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 17, 2020
Return Version
2018v3.1
Gross Receipts
$1,980,141
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$29,830,609$27,615,957▼ $2,214,652
Cash and Non-Interest-Bearing Accounts$341,888$760,280▲ $418,392
Accounts Receivable$352,449$370,690▲ $18,241
Prepaid Expenses and Deferred Charges$236,541$197,344▼ $39,197
Intangible Assets$92,029$88,321▼ $3,708
Pledges and Grants Receivable$41,209$52,981▲ $11,772
Total Assets$30,894,725$29,085,573▼ $1,809,152
Liabilities
Other Liabilities$11,437,149$6,978,469▼ $4,458,680
Accounts Payable and Accrued Expenses$187,636$346,659▲ $159,023
Deferred Revenue$1,497$13,588▲ $12,091
Total Liabilities$11,626,282$7,338,716▼ $4,287,566
Net Assets / Fund Balance
Temporarily Rstr Net Assets$23,080,621$23,408,890▲ $328,269
Unrestricted Net Assets$-3,812,178$-1,662,033▲ $2,150,145
Total Net Assets Fund Balance$19,268,443$21,746,857▲ $2,478,414
Total Liabilities and Net Assets / Fund Balance$30,894,725$29,085,573▼ $1,809,152

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,954,242$11,009,510$35,963,752
Land$2,595,274-$2,595,274
Equipment$53,070$23,414$76,484
Leasehold Improvements$13,371$5,899$19,270
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleOtherTotal
Ahmed MartinExecutive Director$103,809$103,809
Cristian Arango IiProgram Manager$18,473$18,473
Juanita FlanklinSecretary$3,320$3,320

Board Members and Trustees

NameTitle
Monica Matteo-salinasChairman
Jeff FeldmanVice Chair
Chris ShearDirector
Jeremy ShirDirector
Michael HammonDirector
Raymond PereiraDirector
Ryan SwickDirector
Will WiseheartDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$640,209
Program Service Revenue
$1,164,008
Investment Income
$822
Other Revenue
$175,102
All Other Contributions
$250
Change in Net Assets
$-1,358,652
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,077,249
Salaries, Compensation, and Employee Benefits$261,544
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,213,185--$1,213,185
Fees for Services Management$339,800$37,756-$377,556
Insurance$299,258--$299,258
Fees for Services Accounting$140,352$15,595-$155,947
Interest$147,490--$147,490
Other Salaries and Wages$146,800--$146,800
All Other Expenses$96,520$5,468-$101,988
Other Expenses$87,628$14,050-$87,628
Fees for Services Legal$60,332$6,704-$67,036
Current Officers, Directors, Trustees, and Key Employees$29,719$29,719-$59,438
Other Employee Benefits$28,147--$28,147
Payroll Taxes$27,159--$27,159
Conferences and Meetings$2,048$228-$2,276
Office Expenses$1,070$1,070-$2,140
Advertising$777--$777
Total Functional Expenses$3,203,265$135,528$0$3,338,793
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$6,218,437
Line of Credit$399,506
Due to Affiliates$195,865
Security Deposit$88,824
Accrued Expenses$75,837
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
1688 MERIDIAN AVE SUITE 600 700, MIAMI BEACH, FL 33139

Signing Officer

Name
Ahmed Martin
Title
Executive Director
Phone
3055380090
Signed
2020-08-17
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
4
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:

“Contributions from affiliates 2,350,312.”

FORM 990, PART XII, LINE 2C:

“NO”

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 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, 2019.”

Raw XML AppendixShowing 400 of 705 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.

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IRS990/OfficeExpensesGrp/ProgramServicesAmt01070
IRS990/OfficeExpensesGrp/TotalAmt02140
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028147
IRS990/OtherEmployeeBenefitsGrp/TotalAmt028147
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2CONSULTING SERVICES
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt024938
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt114050
IRS990/OtherExpensesGrp/ProgramServicesAmt0224444
IRS990/OtherExpensesGrp/ProgramServicesAmt1232090
IRS990/OtherExpensesGrp/ProgramServicesAmt2126446
IRS990/OtherExpensesGrp/ProgramServicesAmt387628
IRS990/OtherExpensesGrp/TotalAmt0249382
IRS990/OtherExpensesGrp/TotalAmt1232090
IRS990/OtherExpensesGrp/TotalAmt2140496
IRS990/OtherExpensesGrp/TotalAmt387628
IRS990/OtherLiabilitiesGrp/BOYAmt011437149
IRS990/OtherLiabilitiesGrp/EOYAmt06978469
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0175102
IRS990/OtherRevenueTotalAmt0175102
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0146800
IRS990/OtherSalariesAndWagesGrp/TotalAmt0146800
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt027159
IRS990/PayrollTaxesGrp/TotalAmt027159
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt041209
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt052981
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0236541
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0197344
IRS990/PrincipalOfficerNm0AHMED MARTIN
IRS990/PriorPeriodAdjustmentsAmt01486754
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2541610
IRS990/ProgramServiceRevenueGrp/BusinessCd3812300
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MANAGEMENT FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY AND VENDING IN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0998129
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt196253
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt268323
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31303
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0998129
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt196253
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt268323
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31303
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE HOUSING FACILITIES TO LOW-INCOME AND DISABLED PERSONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03203265
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01270787
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0926507
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt097962
IRS990/PYOtherExpensesAmt02570586
IRS990/PYOtherRevenueAmt048220
IRS990/PYProgramServiceRevenueAmt01475848
IRS990/PYRevenuesLessExpensesAmt0-809300
IRS990/PYSalariesCompEmpBnftPaidAmt0787251
IRS990/PYTotalExpensesAmt03357837
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02548537
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1358652
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt068323
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0640209
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0926507
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0645395
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0710413
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0834408
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03756932
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0822
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0257
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0193
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0185
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01466
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01066452
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01414384
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01401912
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01371465
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01344452
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06598665
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0822
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0257
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0193
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0185
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01466
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0272658
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0109684
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt040640
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0485312
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0298628
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01206922
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.89550
IRS990ScheduleA/PublicSupportPY509Pct00.92220
IRS990ScheduleA/PublicSupportTotal509Amt010355597
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01706661
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02340891
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02047307
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02081878
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02178860
IRS990ScheduleA/Total509Grp/TotalAmt010355597
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01980141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02450832
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02088140
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02567375
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02477497
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011563985
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/BookValueAmt024954242
IRS990ScheduleD/BuildingsGrp/DepreciationAmt011009510
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt035963752
IRS990ScheduleD/EquipmentGrp/BookValueAmt053070
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023414
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt076484
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02595274
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02595274
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013371
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05899
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt019270
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0399506
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16218437
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2195865
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt388824
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt475837
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LONG TERM DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED 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 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, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027615957
IRS990ScheduleD/TotalLiabilityAmt06978469
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,085,573
Liabilities
$7,338,716
Net assets
$21,746,857
Revenue
$1,980,141
Expenses
$3,338,793
Net income
-$1,358,652
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
2019Detailed filing. Detailed filing data is available for this year.$29.1$7.34$21.7$1.98$3.34$1.36
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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