Nonprofit · EIN 59-1936652
NEW WORLD CENTER FOUNDATION INC
Tax-exempt · MIAMI, FL 33130
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,878,724 | $1,715,639 | $163,085 | $9,596,969 | $2,859,245 | $6,737,724 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,880
- of which government grants
- $6,880
- Program service revenue
- $1,824,203
- Investment income
- $47,391
- Other revenue
- $250
Expenses
- Grants and similar amounts paid
- $2,124
- Compensation of officers, directors and key employees
- $140,750
- Other salaries and wages
- $161,460
- Salaries, compensation and benefits (total)
- $356,533
- Professional fundraising fees
- $0
- Accounting fees
- $18,442
- Occupancy
- $484,171
- Depreciation
- $414,570
- Program services (functional)
- $1,537,954
- Management and general (functional)
- $177,685
Balance sheet and other
- Total assets, start of year
- $9,783,232
- Total assets, end of year
- $9,596,969
- Total liabilities, end of year
- $2,859,245
- Net assets, end of year
- $6,737,724
- Land, buildings and equipment
- $6,807,327
- Net assets without donor restrictions
- $6,737,724
- Gross receipts
- $1,878,724
- Employees
- 1
- Volunteers
- 5
- Year formed
- 1979
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JANITZA TORRES SADOLIN | EXECUTIVE DI Officer | 40 | $140,750 | $10,450 |
| WILFREDO GORT | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| GERARD GUARCH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| PETER MCDOUGAL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LUIS DE ROSA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| STEVEN ZORN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 955 SW 2ND AVE OFC, MIAMI, FL 33130-3582
- In care of
- % JANITZA T KAPLAN
- Principal officer (990 for 2024)
- JANITZA TORRES SADOLIN, 955 SW 2ND AVENUE, MIAMI, FL 33130
- Signed the 990
- JANITZA TORRES SADOLIN, EXECUTIVE DIRECTOR
- Phone
- (786) 334-6831
- Return prepared by
- SOTOLONGO & ASSOCIATES PA
Mission
ASSIST THE CITY OF MIAMI, FLORIDA AND OTHER CIVIC BODIES WITH THE OBJECTIVE OF ELIMINATING COMMUNITY DETERIORATION AND FOSTERING THE RENEWAL REDEVELOPMENT AND IMPROVEMENT OF PRIMARILY THE THE DOWNTOWN AREA OF MIAMI TO PROMOTE THE GENERAL WELFARE OF THE CITY.
Program accomplishments
- THE ORGANIZAITON OWNS AND OEPRATES A 130 UNIT AFFORDABLE HOUSING APARTMENT BUILDING. NOT LESS THAN 80 PERCENT OF THE UNITS THEREIN ARE SET ASIDE FOR RENTAL TO VERY LOW-INCOME PERSONS OR HOUSEHOLDS WHOSE INCOMES ARE 60 PERCENT OR LESS OF THE MEDIAN ANNUAL GROSS INCOME FOR MIAMI-DADE COUNTY, FLORIDA, AND 20 PERCENT OF THE UNITS IN THE PROJECT FOR RENTAL TO VERY LOW INCOME PERSONS OR HOUSEHOLDS OR WHOSE INCOMES ARE FORTY PERCENT OF THE MEDIUM ANNUAL GROSS INCOME FOR MIAMI-DADE COUNTY, FLORIDA OR LESS. IN ADDITION, 40 PERCENT OF 80 PERCENT OF THE UNITS ARE SET ASIDE FOR ELDERLY PERSONS.Expenses $1,514,356
- ASSISTANCE TO THE COMMUNITY FOR LOW INCOME HOUSING.Expenses $23,598 · grants $2,124
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-1936652
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $9,596,969
- Income (IRS master file)
- $1,878,724
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,667,872 | $1,698,851 | $9,783,232 | IRS |
| 990 | December 2022 | $1,995,510 | $1,580,820 | $10,090,834 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about NEW WORLD CENTER FOUNDATION INC
- What is the EIN of NEW WORLD CENTER FOUNDATION INC?
- The employer identification number (EIN) of NEW WORLD CENTER FOUNDATION INC is 59-1936652.
- Is NEW WORLD CENTER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to NEW WORLD CENTER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW WORLD CENTER FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW WORLD CENTER FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW WORLD CENTER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW WORLD CENTER FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names JANITZA TORRES SADOLIN.
- Who are the officers and directors of NEW WORLD CENTER FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $140,750 (JANITZA TORRES SADOLIN, EXECUTIVE DI).
- How much revenue does NEW WORLD CENTER FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,878,724, expenses of $1,715,639 and total assets of $9,596,969 at year end.
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