Civic Intelligence

Aof Miami Dade Affordable Housing Corp

990 • Fiscal year 2020 • EIN 81-5278581

Jul 01, 2019 to Jun 30, 2020 • Filed on May 03, 2021

Organization ProfileN/A
1000 Parkwood Circle SE No 320Atlanta, GA 30339

(770) 937-0377

Siviq Scores

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

Liabilities / Assets

96th percentile

1.17x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

9.69x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

11th percentile

-23%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

86th percentile

$551,842

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

21st percentile

-1.2%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

58th percentile

6.2%

Faster revenue growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$44,313,063

Down $556,200 (-1.2%) from 2019

Net Assets

Down

-$7,705,310

Down $1,259,904 (-20%) from 2019

Liabilities

Up

$52,018,373

Up $703,704 (+1.4%) from 2019

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin11th percentile

Revenue

Up

$5,370,158

Up $311,384 (+6.2%) from 2019

Expenses

Down

$6,630,062

Down $1,247,414 (-16%) from 2019

Net Income

Up

-$1,259,904

Up $1,558,798 (+55%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$80M$60M$40M$20M$0-$20MAssets 2017: $62,711,070Liabilities 2017: $63,451,880Net Assets 2017: -$740,8102017Assets 2018: $41,946,392Liabilities 2018: $45,573,096Net Assets 2018: -$3,626,7042018Assets 2019: $44,869,263Liabilities 2019: $51,314,669Net Assets 2019: -$6,445,4062019Assets 2020: $44,313,063Liabilities 2020: $52,018,373Net Assets 2020: -$7,705,3102020Assets 2021: $43,727,797Liabilities 2021: $52,403,041Net Assets 2021: -$8,675,2442021Assets 2023: $6,777,597Liabilities 2023: $0Net Assets 2023: $6,777,5972023Assets 2024: $4,054,724Liabilities 2024: $0Net Assets 2024: $4,054,7242024

Highlighted filing

2020

Assets$44,313,063
Liabilities$52,018,373
Net Assets-$7,705,310
Open 2020 Filing

Operations Trend

Revenue Growth58th percentile

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

$40M$20M$0-$20M-$40MRevenue 2017: $1,875,630Expenses 2017: $2,616,440Net Income 2017: -$740,8102017Revenue 2018: $8,402,017Expenses 2018: $11,287,911Net Income 2018: -$2,885,8942018Revenue 2019: $5,058,774Expenses 2019: $7,877,476Net Income 2019: -$2,818,7022019Revenue 2020: $5,370,158Expenses 2020: $6,630,062Net Income 2020: -$1,259,9042020Revenue 2021: $5,651,215Expenses 2021: $6,621,149Net Income 2021: -$969,9342021Revenue 2023: $36,868Expenses 2023: $31,000,072Net Income 2023: -$30,963,2042023Revenue 2024: $167,340Expenses 2024: $2,890,213Net Income 2024: -$2,722,8732024

Highlighted filing

2020

Revenue$5,370,158
Expenses$6,630,062
Net Income-$1,259,904
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 3, 2021
Return Version
2019v5.2
Gross Receipts
$5,370,158
Mission and Program Overview

Mission

The corporation was organized to acquire, rehabilitate, operate and sell affordable housing for moderate to low-income, elderly and/or mentally or physically challenged persons or families.

The corporation was organized to acquire, rehabilitate, operate and sell affordable housing for low-income, elderly and/or mentally or physically challenged persons or families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$38,911,382$38,926,214▲ $14,832
Cash and Non-Interest-Bearing Accounts$2,560,411$2,042,386▼ $518,025
Intangible Assets$1,096,620$1,073,616▼ $23,004
Prepaid Expenses and Deferred Charges$339,270$445,197▲ $105,927
Accounts Receivable$18,020$50,390▲ $32,370
Total Assets$44,869,263$44,313,063▼ $556,200
Other Assets Total$1,943,560$1,775,260▼ $168,300
Liabilities
Mortgage Notes Payable Secured by Investment Property$42,332,020$41,833,256▼ $498,764
Unsecured Notes Loans Payable$7,000,000$7,000,000→ $0
Accounts Payable and Accrued Expenses$554,822$1,746,452▲ $1,191,630
Other Liabilities$1,294,947$1,295,117▲ $170
Deferred Revenue$132,880$143,548▲ $10,668
Total Liabilities$51,314,669$52,018,373▲ $703,704
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-6,445,406$-7,705,310▼ $1,259,904
Total Net Assets Fund Balance$-6,445,406$-7,705,310▼ $1,259,904
Total Liabilities and Net Assets / Fund Balance$44,869,263$44,313,063▼ $556,200

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,625,423$3,005,020$36,630,443
Land$4,000,000-$4,000,000
Equipment$1,300,791$377,795$1,678,586
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Philip J KennedyPresident, Trustee
Kathryn T WalkerVice President, Trustee
Thomas NullVice President, Trustee
Douglas TriversTrustee
Robert R DerrickTrustee
William F Fisher IiiTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Capreit Residential Management LLCManagement11200 ROCKVILLE PIKE SUITE 100, Rockville, MD 20852$253,155
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,369,625
Investment Income
$533
Other Revenue
$0
Change in Net Assets
$-1,259,904

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,370,158
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,370,158
Total Revenue per Form 990
$5,370,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,938,149
Salaries, Compensation, and Employee Benefits$691,913
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$3,133,826--$3,133,826
Depreciation Depletion$1,090,318--$1,090,318
Other Salaries and Wages$555,514--$555,514
Insurance$550,713$1,000-$551,713
Fees for Services Management-$253,155-$253,155
Occupancy$206,085--$206,085
Other Employee Benefits$81,110--$81,110
Payroll Taxes$40,856--$40,856
Office Expenses$37,760--$37,760
Information Technology$29,827--$29,827
Other Expenses$19,681$2,037-$21,718
Advertising$20,984--$20,984
Fees for Services Legal-$18,392-$18,392
Fees for Services Accounting-$15,000-$15,000
Pension Plan Contributions$14,433--$14,433
Total Functional Expenses$6,315,870$314,192$0$6,630,062

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,630,062
Total Expenses per Audited Statements$6,630,062
Total Expenses per Form 990$6,630,062
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Note Payable Aof$834,500
Tenant Security Deposits$460,617
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 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 of form 990 is provided to the cfo and president of the parent company for review. Once the review is completed, the form 990 is then provided to each trustee and filed with the irs.”

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

“The cfo and president of the parent company monitor and enforce the policy.”

Form 990, Part VI, Section C, Line 19

“The organization makes these documents available to the public upon request. Copies are available for public review at the corporate offices.”

Filing and Contact Details

Filer

Filer Name
Aof Miami Dade Affordable Housing Corp
EIN
81-5278581
Phone
7709370377
Address
1000 PARKWOOD CIRCLE SE NO 320, ATLANTA, GA 30339

Signing Officer

Name
Kathryn T Walker
Title
Vice President
Phone
7709370377
Signed
2021-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip J Kennedy
Formed
2017
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Carter & Company Cpas LLC
Address
PO BOX 279, DESTIN, FL 32540
Preparer
Samuel T Boerma
Phone
8506500125
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The board of directors assumes responsibility for oversight of the audited financial statements and the selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The corporation has adopted accounting for uncertainty in income taxes (fasb accounting standards codification (asc) 740, income taxes). It requires that a tax position be recognized or derecognized based on a 'more-likely-than-not' threshold. This applies to positions taken or expected to be taken in a tax return. The implementation had no impact on the corporation's consolidated statement of financial position or consolidated statement of activities. The corporation does not believe their financial statements include any uncertain tax positions and that no income taxes are due for their activities. Therefore, no provision for income taxes is included in the consolidated financial statements.”

Raw XML AppendixShowing 400 of 526 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/BOYAmt0554822
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01746452
IRS990/AccountsReceivableGrp/BOYAmt018020
IRS990/AccountsReceivableGrp/EOYAmt050390
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CORPORATION WAS ORGANIZED TO ACQUIRE, REHABILITATE, OPERATE AND SELL AFFORDABLE HOUSING FOR LOW-INCOME, ELDERLY AND/OR MENTALLY OR PHYSICALLY CHALLENGED PERSONS OR FAMILIES.
IRS990/AdvertisingGrp/ProgramServicesAmt020984
IRS990/AdvertisingGrp/TotalAmt020984
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0KATHRYN WALKER
IRS990/BooksInCareOfDetail/PhoneNum07709370377
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01000 PARKWOOD CIRCLE SE SUITE 320
IRS990/BooksInCareOfDetail/USAddress/CityNm0ATLANTA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd030339
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02560411
IRS990/CashNonInterestBearingGrp/EOYAmt02042386
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0253155
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt011200 ROCKVILLE PIKE SUITE 100
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0ROCKVILLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd020852
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0CAPREIT RESIDENTIAL MANAGEMENT LLC
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0533
IRS990/CYOtherExpensesAmt05938149
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt05369625
IRS990/CYRevenuesLessExpensesAmt0-1259904
IRS990/CYSalariesCompEmpBnftPaidAmt0691913
IRS990/CYTotalExpensesAmt06630062
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05370158
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0132880
IRS990/DeferredRevenueGrp/EOYAmt0143548
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01090318
IRS990/DepreciationDepletionGrp/TotalAmt01090318
IRS990/Desc0OPERATING TWO MULTIFAMILY APARTMENT COMPLEXES TOTALLING 429 UNITS FOR MODERATE TO LOW-INCOME PERSONS OR FAMILIES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt06315870
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt015000
IRS990/FeesForServicesAccountingGrp/TotalAmt015000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt018392
IRS990/FeesForServicesLegalGrp/TotalAmt018392
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0253155
IRS990/FeesForServicesManagementGrp/TotalAmt0253155
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt044.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt144.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt239.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.20
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/OtherCompensationAmt064842
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt157503
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt247324
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0PHILIP J KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm1KATHRYN T WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm2THOMAS NULL
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT R DERRICK
IRS990/Form990PartVIISectionAGrp/PersonNm4WILLIAM F FISHER III
IRS990/Form990PartVIISectionAGrp/PersonNm5DOUGLAS TRIVERS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0487000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1260000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2325000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT, TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT, TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT, TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05370158
IRS990/GroupExemptionNum07174
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt029827
IRS990/InformationTechnologyGrp/TotalAmt029827
IRS990/InsuranceGrp/ManagementAndGeneralAmt01000
IRS990/InsuranceGrp/ProgramServicesAmt0550713
IRS990/InsuranceGrp/TotalAmt0551713
IRS990/IntangibleAssetsGrp/BOYAmt01096620
IRS990/IntangibleAssetsGrp/EOYAmt01073616
IRS990/InterestGrp/ProgramServicesAmt03133826
IRS990/InterestGrp/TotalAmt03133826
IRS990/InvestmentIncomeGrp/ExclusionAmt0533
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0533
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt028
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03382815
IRS990/LandBldgEquipBasisNetGrp/BOYAmt038911382
IRS990/LandBldgEquipBasisNetGrp/EOYAmt038926214
IRS990/LandBldgEquipCostOrOtherBssAmt042309029
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CORPORATION WAS ORGANIZED TO ACQUIRE, REHABILITATE, OPERATE AND SELL AFFORDABLE HOUSING FOR MODERATE TO LOW-INCOME, ELDERLY AND/OR MENTALLY OR PHYSICALLY CHALLENGED PERSONS OR FAMILIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt042332020
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt041833256
IRS990/NetAssetsOrFundBalancesBOYAmt0-6445406
IRS990/NetAssetsOrFundBalancesEOYAmt0-7705310
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-6445406
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-7705310
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0206085
IRS990/OccupancyGrp/TotalAmt0206085
IRS990/OfficeExpensesGrp/ProgramServicesAmt037760
IRS990/OfficeExpensesGrp/TotalAmt037760
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01943560
IRS990/OtherAssetsTotalGrp/EOYAmt01775260
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt081110
IRS990/OtherEmployeeBenefitsGrp/TotalAmt081110
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/Desc3TAXES, LICENSES, AND FE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt024608
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12037
IRS990/OtherExpensesGrp/ProgramServicesAmt0488430
IRS990/OtherExpensesGrp/ProgramServicesAmt146333
IRS990/OtherExpensesGrp/ProgramServicesAmt219681
IRS990/OtherExpensesGrp/TotalAmt0488430
IRS990/OtherExpensesGrp/TotalAmt146333
IRS990/OtherExpensesGrp/TotalAmt224608
IRS990/OtherExpensesGrp/TotalAmt321718
IRS990/OtherLiabilitiesGrp/BOYAmt01294947
IRS990/OtherLiabilitiesGrp/EOYAmt01295117
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0555514
IRS990/OtherSalariesAndWagesGrp/TotalAmt0555514
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt040856
IRS990/PayrollTaxesGrp/TotalAmt040856
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014433
IRS990/PensionPlanContributionsGrp/TotalAmt014433
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0339270
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0445197
IRS990/PrincipalOfficerNm0PHILIP J KENNEDY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY & VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05322419
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt147206
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05322419
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt147206
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt054
IRS990/PYOtherExpensesAmt07225903
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05058720
IRS990/PYRevenuesLessExpensesAmt0-2818702
IRS990/PYSalariesCompEmpBnftPaidAmt0651573
IRS990/PYTotalExpensesAmt07877476
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05058774
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1259904
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05369625
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0533
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt054
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0587
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05369625
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05058720
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt06965767
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01875630
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt019269742
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0533
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0587
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt019269742
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05369625
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05058720
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt06965767
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01875630
IRS990ScheduleA/Total509Grp/TotalAmt019269742
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05370158
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05058774
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt06965767
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01875630
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt019270329
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt033625423
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03005020
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt036630443
IRS990ScheduleD/EquipmentGrp/BookValueAmt01300791
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0377795
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01678586
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06630062
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt04000000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0460617
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1834500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE AOF
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05370158
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION HAD NO IMPACT ON THE CORPORATION'S CONSOLIDATED STATEMENT OF FINANCIAL POSITION OR CONSOLIDATED STATEMENT OF ACTIVITIES. THE CORPORATION DOES NOT BELIEVE THEIR FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR THEIR ACTIVITIES. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt038926214
IRS990ScheduleD/TotalExpensesPerForm990Amt06630062
IRS990ScheduleD/TotalLiabilityAmt01295117
IRS990ScheduleD/TotalRevenuePerForm990Amt05370158
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05370158
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06630062
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0100000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt150000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt250000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0375000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1210000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2275000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt034544
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt132387
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt234544
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt030298
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt125116
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt212780
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt012000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PHILIP J KENNEDY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KATHRYN T WALKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2THOMAS NULL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT, TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT, TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VICE PRESIDENT, TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0551842
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1317503
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2372324
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 IS PROVIDED TO THE CFO AND PRESIDENT OF THE PARENT COMPANY FOR REVIEW. ONCE THE REVIEW IS COMPLETED, THE FORM 990 IS THEN PROVIDED TO EACH TRUSTEE AND FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CFO AND PRESIDENT OF THE PARENT COMPANY MONITOR AND ENFORCE THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. COPIES ARE AVAILABLE FOR PUBLIC REVIEW AT THE CORPORATE OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
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 XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0AOF MIAMI DADE AFFORDABLE HOUSING CORP
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1AOF MIAMI DADE AFFORDABLE HOUSING CORP
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0AOF CEDAR GROVE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1AOF EMERALD DUNES LLC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,313,063
Liabilities
$52,018,373
Net assets
-$7,705,310
Revenue
$5,370,158
Expenses
$6,630,062
Net income
-$1,259,904
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.05$0.00$4.05$0.17$2.89$2.72
2023Detailed filing. Detailed filing data is available for this year.$6.78$0.00$6.78$0.04$31.0$31.0
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.7$52.4$8.68$5.65$6.62$0.97
2020Detailed filing. Detailed filing data is available for this year.$44.3$52.0$7.71$5.37$6.63$1.26
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.9$51.3$6.45$5.06$7.88$2.82
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.9$45.6$3.63$8.40$11.3$2.89
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$62.7$63.5$0.74$1.88$2.62$0.74