2025-08-13T09:02:38-05:00 2024-09-30 203157326 GLSC & COMPANY PLLC 6303 WATERFORD DISTRICT DR STE 200 MIAMI FL 33126 990 2023-10-01 650899456 MBCDC - FERNWOOD APARTMENTS MBCD 3055380090 945 PENNSYLVANIA AVENUE 2ND FLOOR MIAMI BEACH FL 33139 CRISTIAN ARANGO II CHIEF OF OPERATIONS 3055380090 2025-08-11 1 1 EDUARD A BALTAR P00421494 3053730123 2025-08-08 2023 2025-03-06 01:10:19Z CRISTIAN ARANGO II 945 PENNSYLVANIA AVENUE 2ND FLOOR MIAMI BEACH FL 33139 212622 0 X WWW.MIAMIBEACHCDC.COM X 1998 FL MBCDC FERNWOOD APARTMENTS, INC. IS A NON PROFIT ORGANIZATION INCORPORATED UNDER THE LAWS AND STATUTES OF THE STATE OF FLORIDA FOR THE PURPOSE OF DEVELOPING, OWNING AND OPERATING A HUD 811 PROJECT, WHICH PROVIDES LOW INCOME DISABLED PERSONS AND PERSONS LIVING WITH AIDS WITH HOUSING FACILITIES. 9 8 0 8 0 0 120185 0 82420 1221 2571 1074 581 210327 205757 212622 0 0 0 0 18014 26084 0 0 0 214939 391718 232953 417802 -27196 -205180 1345958 1245857 203360 289602 1142598 956255 PROVIDE HOUSING FACILITIES TO THE DISABLED PERSONS LIVING WITH HIV/AIDS. 0 0 417576 88167 PROVIDE HOUSING FACILITIES TO THE DISABLED PERSONS LIVING WITH HIV/AIDS 417576 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 FL X ROYAL AMERICAN MANAGEMENT 3054779545 1400 NW 107TH AVE STE 405 MIAMI FL 33172 JUANITA FRANKLIN DIRECTOR 2.00 X 0 0 0 RAYMOND PEREIRA TREASURER 2.00 X 0 0 0 JEREMY SHIR DIRECTOR 2.00 X 0 0 0 MARIA BARRIOS DIRECTOR 2.00 X 0 0 0 CICELY HODGES DIRECTOR 2.00 X 0 0 0 CATALINA RODRIGUEZ DIRECTOR 2.00 X 0 0 0 MICHAEL HAMMON CHAIRMAN 2.00 X 0 0 0 CRISTIAN ARANGO II CHIEF OF OPERATIONS 2.00 40.00 X 0 54880 0 WILL WISEHEART SECRETARY 2.00 X 0 0 0 0 54880 0 0 0 0 0 0 LAUNDRY REVENUE 812300 1221 1221 1221 1074 1074 191733 0 191733 191733 191733 OTHER INCOME 531110 18594 18594 18594 212622 211548 0 1074 21851 21851 2522 2522 1711 1711 8501 8501 6010 6010 542 488 54 238 238 8292 8292 725 725 249 249 83870 83870 73865 73865 UTILITIES 87642 87642 RESERVE EXPENSES 58978 58978 CONTRACTED SERVICES 37068 37068 MATERIALS AND SUPPLIES 20839 20839 4899 4727 172 417802 417576 226 0 25172 29525 4145 19713 17483 29351 2816073 1693504 1187601 1122569 111557 44699 1345958 1245857 123883 74318 140706 79477 74578 203360 289602 X -635602 -821945 1778200 1778200 1142598 956255 1345958 1245857 X -205180 18837 X X 0 0 0 X 121412 122561 128883 120185 123381 616422 121412 122561 128883 120185 123381 616422 616422 1553 170 161 2571 1074 5529 1180 3172 11 19095 19815 43273 665224 326763 0.92660 0.95070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 300000 300000 2319052 1693504 625548 197021 197021 1122569 SECURITY DEPOSITS-TENANTS 2615 MISCELLANEOUS LIABILITIES 35893 OWNERS LIABILITY 36070 74578 X PART X, LINE 2: MBCDC FERNWOOD APARTMENTS INC. 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 2020,2021 AND 2022 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. 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 AND DIRECTORS 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 FORM 990, PART XI, LINE 9: DEPRECITION TAX DIFFERENCE 18,837. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED. MIAMI BEACH COMMUNITY DEVELOPMENT CORP 935 PENNSYLVANIA AVE UNIT 102 MIAMI BEACH FL 33139 592110264 PROVIDE HOUSING FACILITIES TO LOW INCOME PERSONS FL 503 (C)(3) LINE 7 N/A 0 MBCDC-THE SHELBOURNE APARTMENTS 935 PENNSYLVANIA AVE UNIT 102 MIAMI BEACH FL 33139 650457251 PROVIDE HOUSING FACILITIES TO LOW INCOME PERSONS FL 503 (C)(3) LINE 7 N/A 0 MBCDC VILLA MATTI INC 935 PENNSYLVANIA AVE UNIT 102 MIAMI BEACH FL 33139 260887892 PROVIDE HOUSING FACILITIES TO LOW INCOME PERSONS FL 503 (C)(3) LINE 7 N/A 0 MBCDC CRESPI PARK APARTMENTS INC 935 PENNSYLVANIA AVE UNIT 102 MIAMI BEACH FL 33139 311655567 PROVIDE HOUSING FACILITIES TO LOW INCOME PERSONS FL 503 (C)(3) LINE 7 N/A 0 MBCDC THE JEFFERSON INC 935 PENNSYLVANIA AVE UNIT 102 MIAMI BEACH FL 33139 650767473 PROVIDE HOUSING FACILITIES TO LOW INCOME PERSONS FL 503 (C)(3) LINE 7 N/A 0 MBCDC SEYMOUR HOTEL INC 935 PENNSYLVANIA AVE UNIT 102 MIAMI BEACH FL 33139 650810144 OPERATE A PRESERVATION AND REVITALIZATION COMMUNITY CENTER IN THE MB AREA FL 503 (C)(3) LINE 11 N/A 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 MIAMI BEACH COMMUNITY DEVELOPMENT CORP E 69801 FMV MIAMI BEACH COMMUNITY DEVELOPMENT CORP M 8501 FMV