Civic Intelligence

Miami Beach Community Development Corporation Inc.

990 • Fiscal year 2023 • EIN 59-2110264

Oct 01, 2022 to Sep 30, 2023 • Filed on Aug 15, 2024

945 Pennsylvania Ave 2nd Floor 10Miami Beach, FL 33139

(305) 538-0090

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.48x

Higher debt load relative to assets than 72% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

6.17x

Higher debt load relative to revenue than 95% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

8th percentile

-38%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

10th percentile

$52,221

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

18th percentile

-3.0%

Faster asset growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

30th percentile

-4.5%

Faster revenue growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$26,537,809

Flat from 2023

Net Assets

Flat

$13,796,559

Flat from 2023

Liabilities

Flat

$12,741,250

Flat from 2023

Revenue

Flat

$2,063,632

Flat from 2023

Expenses

Flat

$2,844,698

Flat from 2023

Net Income

Flat

-$781,066

Flat from 2023

Historical Trend

Balance Sheet Trend

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 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

2023

Assets$26,537,809
Liabilities$12,741,250
Net Assets$13,796,559

Operations Trend

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 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

2023

Revenue$2,063,632
Expenses$2,844,698
Net Income-$781,066
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 15, 2024
Return Version
2022v5.0
Gross Receipts
$2,063,632
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$24,661,971$23,514,289▼ $1,147,682
Accounts Receivable$832,941$1,130,521▲ $297,580
Cash and Non-Interest-Bearing Accounts$689,928$829,508▲ $139,580
Prepaid Expenses and Deferred Charges$107,873$283,962▲ $176,089
Intangible Assets$88,321$123,520▲ $35,199
Total Assets$27,362,430$26,537,809▼ $824,621
Other Assets Total$981,396$656,009▼ $325,387
Liabilities
Other Liabilities$8,549,246$11,762,546▲ $3,213,300
Accounts Payable and Accrued Expenses$487,824$957,494▲ $469,670
Deferred Revenue$34,922$21,210▼ $13,712
Total Liabilities$9,071,992$12,741,250▲ $3,669,258
Net Assets / Fund Balance
Net Assets With Donor Restrictions$21,514,261$18,261,162▼ $3,253,099
Net Assets Without Donor Restrictions$-3,223,823$-4,464,603▼ $1,240,780
Total Net Assets Fund Balance$18,290,438$13,796,559▼ $4,493,879
Total Liabilities and Net Assets / Fund Balance$27,362,430$26,537,809▼ $824,621

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,919,015$15,086,153$36,005,168
Land$2,595,274-$2,595,274
Leasehold Improvements$0$234,597$234,597
Equipment$0$76,484$76,484
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cristian Arango IiChief Operating OfficerFT$52,221$52,221

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$730,533
Program Service Revenue
$1,265,988
Investment Income
$4,113
Other Revenue
$62,998
All Other Contributions
$4,000
Change in Net Assets
$-781,066
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,681,016
Salaries, Compensation, and Employee Benefits$163,682
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$911,531--$911,531
Fees for Services Management$216,000$24,000-$240,000
Office Expenses$206,533$22,948-$229,481
Interest$165,784--$165,784
Other Salaries and Wages$156,186--$156,186
Insurance$130,966--$130,966
All Other Expenses$121,664$7,640-$129,304
Fees for Services Accounting$97,890$10,877-$108,767
Other Expenses$92,562$10,243-$92,562
Fees for Services Other$47,048$5,227-$52,275
Fees for Services Legal$10,981$1,220-$12,201
Travel$6,626--$6,626
Payroll Taxes$5,740--$5,740
Pension Plan Contributions$1,756--$1,756
Advertising$1,640--$1,640
Total Functional Expenses$2,762,543$82,155$0$2,844,698
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$10,749,283
Due to Affiliates$847,832
Security Deposit$85,942
Accrued Expenses$79,489
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
945 PENNSYLVANIA AVE 2ND FLOOR 10, MIAMI BEACH, FL 33139

Signing Officer

Name
Cristian Arango Ii
Title
Chief Operating Officer
Phone
3055380090
Signed
2024-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cristian Arango Ii
Formed
1981
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

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

Additional Explanations

FORM 990, PART XI, LINE 9:

Capital private investors -3,253,099.

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 2019, 2020 and 2021 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, 2023.

Raw XML AppendixShowing 400 of 648 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/BOYAmt0487824
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0957494
IRS990/AccountsReceivableGrp/BOYAmt0832941
IRS990/AccountsReceivableGrp/EOYAmt01130521
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/ProgramServicesAmt01640
IRS990/AdvertisingGrp/TotalAmt01640
IRS990/AllOtherContributionsAmt04000
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt07640
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0121664
IRS990/AllOtherExpensesGrp/TotalAmt0129304
IRS990/AnnualDisclosureCoveredPrsnInd01
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/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0689928
IRS990/CashNonInterestBearingGrp/EOYAmt0829508
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0730533
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt04113
IRS990/CYOtherExpensesAmt02681016
IRS990/CYOtherRevenueAmt062998
IRS990/CYProgramServiceRevenueAmt01265988
IRS990/CYRevenuesLessExpensesAmt0-781066
IRS990/CYSalariesCompEmpBnftPaidAmt0163682
IRS990/CYTotalExpensesAmt02844698
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02063632
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt034922
IRS990/DeferredRevenueGrp/EOYAmt021210
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0911531
IRS990/DepreciationDepletionGrp/TotalAmt0911531
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/DonorRestrictionNetAssetsGrp/BOYAmt021514261
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt018261162
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010877
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt097890
IRS990/FeesForServicesAccountingGrp/TotalAmt0108767
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01220
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt010981
IRS990/FeesForServicesLegalGrp/TotalAmt012201
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt024000
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0216000
IRS990/FeesForServicesManagementGrp/TotalAmt0240000
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt05227
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt047048
IRS990/FeesForServicesOtherGrp/TotalAmt052275
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/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/PersonNm0MARIA BARRIOS
IRS990/Form990PartVIISectionAGrp/PersonNm1JUANITA FRANKLIN
IRS990/Form990PartVIISectionAGrp/PersonNm2JEREMY SHIR
IRS990/Form990PartVIISectionAGrp/PersonNm3CATALINA RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm4CICELY HODGES
IRS990/Form990PartVIISectionAGrp/PersonNm5CRISTIAN ARANGO II
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL HAMMON
IRS990/Form990PartVIISectionAGrp/PersonNm7WILL WISEHEART
IRS990/Form990PartVIISectionAGrp/PersonNm8RAYMOND PEREIRA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt552221
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
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/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01981
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0726533
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02063632
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0130966
IRS990/InsuranceGrp/TotalAmt0130966
IRS990/IntangibleAssetsGrp/BOYAmt088321
IRS990/IntangibleAssetsGrp/EOYAmt0123520
IRS990/InterestGrp/ProgramServicesAmt0165784
IRS990/InterestGrp/TotalAmt0165784
IRS990/InvestmentIncomeGrp/ExclusionAmt04113
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04113
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015397234
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024661971
IRS990/LandBldgEquipBasisNetGrp/EOYAmt023514289
IRS990/LandBldgEquipCostOrOtherBssAmt038911523
IRS990/LegalDomicileStateCd0FL
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/NetAssetsOrFundBalancesBOYAmt018290438
IRS990/NetAssetsOrFundBalancesEOYAmt013796559
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-3223823
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-4464603
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt022948
IRS990/OfficeExpensesGrp/ProgramServicesAmt0206533
IRS990/OfficeExpensesGrp/TotalAmt0229481
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0981396
IRS990/OtherAssetsTotalGrp/EOYAmt0656009
IRS990/OtherChangesInNetAssetsAmt0-3253099
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3BAD DEBT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010243
IRS990/OtherExpensesGrp/ProgramServicesAmt0402041
IRS990/OtherExpensesGrp/ProgramServicesAmt192183
IRS990/OtherExpensesGrp/ProgramServicesAmt295412
IRS990/OtherExpensesGrp/ProgramServicesAmt392562
IRS990/OtherExpensesGrp/TotalAmt0402041
IRS990/OtherExpensesGrp/TotalAmt1102426
IRS990/OtherExpensesGrp/TotalAmt295412
IRS990/OtherExpensesGrp/TotalAmt392562
IRS990/OtherLiabilitiesGrp/BOYAmt08549246
IRS990/OtherLiabilitiesGrp/EOYAmt011762546
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt062998
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt062998
IRS990/OtherRevenueTotalAmt062998
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0156186
IRS990/OtherSalariesAndWagesGrp/TotalAmt0156186
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt05740
IRS990/PayrollTaxesGrp/TotalAmt05740
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01756
IRS990/PensionPlanContributionsGrp/TotalAmt01756
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0107873
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0283962
IRS990/PrincipalOfficerNm0CRISTIAN ARANGO II
IRS990/PriorPeriodAdjustmentsAmt0-459714
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/RelatedOrExemptFuncIncomeAmt01076448
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1176444
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29436
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01076448
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1176444
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29436
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33660
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE HOUSING FACILITIES TO LOW-INCOME AND DISABLED PERSONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02762543
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01152542
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0801052
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-749
IRS990/PYOtherExpensesAmt02427837
IRS990/PYOtherRevenueAmt0110626
IRS990/PYProgramServiceRevenueAmt01250648
IRS990/PYRevenuesLessExpensesAmt0-396199
IRS990/PYSalariesCompEmpBnftPaidAmt0129939
IRS990/PYTotalExpensesAmt02557776
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02161577
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-781066
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0176444
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0730533
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0801052
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0836316
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0721158
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0640209
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03729268
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04113
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0207
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0190
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01878
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0822
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07210
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01262328
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01248375
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01189028
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01009520
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01066452
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05775703
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04113
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0207
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0190
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01878
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0822
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07210
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt066658
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0106672
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0103591
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0404300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0272658
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0953879
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.90820
IRS990ScheduleA/PublicSupportPY509Pct00.90780
IRS990ScheduleA/PublicSupportTotal509Amt09504971
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01992861
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02049427
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02025344
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01730678
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01706661
IRS990ScheduleA/Total509Grp/TotalAmt09504971
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02063632
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02156306
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02129125
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02136856
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01980141
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010466060
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/BookValueAmt020919015
IRS990ScheduleD/BuildingsGrp/DepreciationAmt015086153
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt036005168
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt076484
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt076484
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02595274
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02595274
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0234597
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0234597
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010749283
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1847832
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt285942
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt379489
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 2019, 2020 AND 2021 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, 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023514289
IRS990ScheduleD/TotalLiabilityAmt011762546
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BY WRITTEN REQUEST THE REQUIRED INFORMATION WILL BE PROVIDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CAPITAL PRIVATE INVESTORS -3,253,099.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt3MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt4MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt5MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt6MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0MBCDC 1551 PENNSYLVANIA APARTMENTS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1MBCDC 532 MICHIGAN AVENUE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2MBCDC WESTCHESTER APARTMENTS LLC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2023Detailed filing. Detailed filing data is available for this year.$26.5$12.7$13.8$2.06$2.84$0.78
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
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