Civic Intelligence

Miami Beach Community Development Corporation Inc.

990 • Fiscal year 2021 • EIN 59-2110264

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 15, 2022

Organization ProfileMIAMIBEACHCDC.COM

View Organization Page

935 Pennsylvania Avenue No 102Miami Beach, FL 33139

(305) 538-0090

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.33x

Higher debt load relative to assets than 62% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

4.37x

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

5th percentile

-38%

Higher net margin than 5% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

16th percentile

$117,670

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

13th percentile

-2.9%

Faster asset growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-0.4%

Faster revenue growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Flat

$28,003,490

Flat from 2021

Net Assets

Flat

$18,703,082

Flat from 2021

Liabilities

Flat

$9,300,408

Flat from 2021

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin5th percentile

Revenue

Flat

$2,129,125

Flat from 2021

Expenses

Flat

$2,938,058

Flat from 2021

Net Income

Flat

-$808,933

Flat from 2021

Historical Trend

Balance Sheet Trend

Asset Growth13th 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 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

2021

Assets$28,003,490
Liabilities$9,300,408
Net Assets$18,703,082
Open 2021 Filing

Operations Trend

Revenue Growth28th 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 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

2021

Revenue$2,129,125
Expenses$2,938,058
Net Income-$808,933
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 15, 2022
Return Version
2020v4.2
Gross Receipts
$2,135,087
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$26,409,485$25,399,179▼ $1,010,306
Cash and Non-Interest-Bearing Accounts$753,833$748,196▼ $5,637
Accounts Receivable$512,000$525,342▲ $13,342
Prepaid Expenses and Deferred Charges$323,851$100,157▼ $223,694
Intangible Assets$88,321$88,321→ $0
Total Assets$28,833,320$28,003,490▼ $829,830
Other Assets Total$745,830$1,142,295▲ $396,465
Liabilities
Other Liabilities$8,747,785$8,735,149▼ $12,636
Accounts Payable and Accrued Expenses$530,208$550,927▲ $20,719
Deferred Revenue$22,816$14,332▼ $8,484
Total Liabilities$9,300,809$9,300,408▼ $401
Net Assets / Fund Balance
Net Assets With Donor Restrictions$21,529,302$21,521,941▼ $7,361
Net Assets Without Donor Restrictions$-1,996,791$-2,818,859▼ $822,068
Total Net Assets Fund Balance$19,532,511$18,703,082▼ $829,429
Total Liabilities and Net Assets / Fund Balance$28,833,320$28,003,490▼ $829,830

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,755,614$13,208,138$35,963,752
Land$2,595,274-$2,595,274
Equipment$48,291$81,759$130,050
Leasehold Improvements$0$13,374$13,374
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ahmed MartinExecutive DirectorFT$117,670$117,670
Cristian Arango IiProgram ManagerFT$26,067$26,067

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$836,316
Program Service Revenue
$1,193,760
Investment Income
$-5,772
Other Revenue
$104,821
All Other Contributions
$20,000
Change in Net Assets
$-808,933
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,791,410
Salaries, Compensation, and Employee Benefits$146,648
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,060,586--$1,060,586
Fees for Services Management$232,560$25,840-$258,400
Insurance$253,028--$253,028
Office Expenses$157,542$17,505-$175,047
Other Salaries and Wages$139,571--$139,571
Fees for Services Accounting$120,091$13,343-$133,434
Fees for Services Other$114,762$12,751-$127,513
Interest$107,491--$107,491
Other Expenses$78,331$8,444-$78,331
All Other Expenses$43,022$4,733-$47,755
Occupancy$19,293$2,144-$21,437
Fees for Services Legal$7,033$781-$7,814
Payroll Taxes$5,887--$5,887
Travel$3,388--$3,388
Pension Plan Contributions$1,190--$1,190
Advertising$181--$181
Total Functional Expenses$2,852,517$85,541$0$2,938,058
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$7,618,257
Due to Affiliates$940,730
Accrued Expenses$89,649
Security Deposit$86,513
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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, 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
935 PENNSYLVANIA AVENUE NO 102, MIAMI BEACH, FL 33139

Signing Officer

Name
Ahmed Martin
Title
Executive Director
Phone
3055380090
Signed
2022-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ahmed Martin
Formed
1981
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

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

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 2017, 2018 and 2019 remain subject to examination by internal revenue service. In the unlikely event an uncertain tax position existed in which the organization could incur corporate income taxes, management would evaluate whether there is a probability that the uncertain tax position taken would be sustained upon examination by a taxing authority in accordance with fasc 740-10, accounting for uncertainty in income taxes. Based on the implementation of fas asc 740-10, accounting for uncertainty in income taxes, the organization has determined that no amounts are required to be accrued for taxes or related penalties and interest for any tax positions taken through september 30, 2021.”

Raw XML AppendixShowing 400 of 672 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/OccupancyGrp/ManagementAndGeneralAmt02144
IRS990/OccupancyGrp/ProgramServicesAmt019293
IRS990/OccupancyGrp/TotalAmt021437
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017505
IRS990/OfficeExpensesGrp/ProgramServicesAmt0157542
IRS990/OfficeExpensesGrp/TotalAmt0175047
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0745830
IRS990/OtherAssetsTotalGrp/EOYAmt01142295
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc3BAD DEBT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08444
IRS990/OtherExpensesGrp/ProgramServicesAmt0262964
IRS990/OtherExpensesGrp/ProgramServicesAmt1169605
IRS990/OtherExpensesGrp/ProgramServicesAmt275992
IRS990/OtherExpensesGrp/ProgramServicesAmt378331
IRS990/OtherExpensesGrp/TotalAmt0262964
IRS990/OtherExpensesGrp/TotalAmt1169605
IRS990/OtherExpensesGrp/TotalAmt284436
IRS990/OtherExpensesGrp/TotalAmt378331
IRS990/OtherLiabilitiesGrp/BOYAmt08747785
IRS990/OtherLiabilitiesGrp/EOYAmt08735149
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0104821
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0104821
IRS990/OtherRevenueTotalAmt0104821
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0139571
IRS990/OtherSalariesAndWagesGrp/TotalAmt0139571
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt05887
IRS990/PayrollTaxesGrp/TotalAmt05887
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01190
IRS990/PensionPlanContributionsGrp/TotalAmt01190
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0323851
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0100157
IRS990/PrincipalOfficerNm0AHMED MARTIN
IRS990/PriorPeriodAdjustmentsAmt0-20496
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/RelatedOrExemptFuncIncomeAmt01005276
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1175832
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27920
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34732
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01005276
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1175832
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27920
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34732
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE HOUSING FACILITIES TO LOW-INCOME AND DISABLED PERSONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02852517
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01116787
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0721158
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01878
IRS990/PYOtherExpensesAmt02944288
IRS990/PYOtherRevenueAmt0400695
IRS990/PYProgramServiceRevenueAmt01013125
IRS990/PYRevenuesLessExpensesAmt0-964219
IRS990/PYSalariesCompEmpBnftPaidAmt0156787
IRS990/PYTotalExpensesAmt03101075
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02136856
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-808933
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0175832
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0836316
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0721158
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0640209
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0926507
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0645395
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03769585
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0190
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01878
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0822
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0257
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0193
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03340
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01189028
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01009520
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01066452
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01414384
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01401912
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06081296
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0190
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01878
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0822
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0257
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0193
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03340
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0103591
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0404300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0272658
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0109684
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt040640
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0930873
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.91340
IRS990ScheduleA/PublicSupportPY509Pct00.88280
IRS990ScheduleA/PublicSupportTotal509Amt09850881
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02025344
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01730678
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01706661
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02340891
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02047307
IRS990ScheduleA/Total509Grp/TotalAmt09850881
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02129125
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02136856
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01980141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02450832
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02088140
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010785094
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/BookValueAmt022755614
IRS990ScheduleD/BuildingsGrp/DepreciationAmt013208138
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt035963752
IRS990ScheduleD/EquipmentGrp/BookValueAmt048291
IRS990ScheduleD/EquipmentGrp/DepreciationAmt081759
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0130050
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02595274
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02595274
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt013374
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt013374
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07618257
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1940730
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt286513
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt389649
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LONG TERM DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED 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 2017, 2018 AND 2019 REMAIN SUBJECT TO EXAMINATION BY INTERNAL REVENUE SERVICE. IN THE UNLIKELY EVENT AN UNCERTAIN TAX POSITION EXISTED IN WHICH THE ORGANIZATION COULD INCUR CORPORATE INCOME TAXES, MANAGEMENT WOULD EVALUATE WHETHER THERE IS A PROBABILITY THAT THE UNCERTAIN TAX POSITION TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY IN ACCORDANCE WITH FASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. BASED ON THE IMPLEMENTATION OF FAS ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE ORGANIZATION HAS DETERMINED THAT NO AMOUNTS ARE REQUIRED TO BE ACCRUED FOR TAXES OR RELATED PENALTIES AND INTEREST FOR ANY TAX POSITIONS TAKEN THROUGH SEPTEMBER 30, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025399179
IRS990ScheduleD/TotalLiabilityAmt08735149
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, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED ANNUALLY IN A MEETING TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT.

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Filings

Displayed year

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

Open filing
Assets
$28,003,490
Liabilities
$9,300,408
Net assets
$18,703,082
Revenue
$2,129,125
Expenses
$2,938,058
Net income
-$808,933
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
2021Detailed filing. Detailed filing data is available for this year.$28.0$9.30$18.7$2.13$2.94$0.81
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
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