Nonprofit · EIN 59-2110264
MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION INC
Tax-exempt · MIAMI BEACH, FL 33139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2024 | 990 | $1,877,244 | $3,326,621 | -$1,449,377 | $23,784,681 | $13,129,363 | $10,655,318 |
| September 30, 2023 | 990 | $2,063,632 | $2,844,698 | -$781,066 | $26,537,809 | $12,741,250 | $13,796,559 |
Financial details: 990 for the year ended September 30, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $668,058
- Investment income
- -$577,482
- Net rental income
- $1,765,803
- Net gain from sales of assets
- -$583,369
- Other revenue
- $1,786,668
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $232,990
- Salaries, compensation and benefits (total)
- $254,568
- Professional fundraising fees
- $0
- Legal fees
- $25,251
- Accounting fees
- $50,196
- Travel
- $8,446
- Depreciation
- $821,966
- Program services (functional)
- $3,282,417
- Management and general (functional)
- $44,204
Balance sheet and other
- Total assets, start of year
- $26,537,809
- Total assets, end of year
- $23,784,681
- Total liabilities, end of year
- $13,129,363
- Net assets, end of year
- $10,655,318
- Land, buildings and equipment
- $20,148,201
- Net assets without donor restrictions
- -$5,768,002
- Net assets with donor restrictions
- $16,423,320
- Gross receipts
- $4,421,670
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1981
- 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 September 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRISTIAN ARANGO II | CHIEF OPERATING OFFICER Officer | 40 | $54,880 |
| MARIA BARRIOS | DIRECTOR Trustee or director | 2 | $0 |
| JUANITA FRANKLIN | DIRECTOR Trustee or director | 2 | $0 |
| JEREMY SHIR | DIRECTOR Trustee or director | 2 | $0 |
| CATALINA RODRIGUEZ | DIRECTOR Trustee or director | 2 | $0 |
| CICELY HODGES | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL HAMMON | CHAIRMAN Officer | 2 | $0 |
| WILL WISEHEART | SECRETARY Officer | 2 | $0 |
| RAYMOND PEREIRA | TREASURER Officer | 2 | $0 |
990 for the year ended September 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRISTIAN ARANGO II | CHIEF OPERATING OFFICER Officer | 40 | $52,221 |
| MARIA BARRIOS | DIRECTOR Trustee or director | 2 | $0 |
| JUANITA FRANKLIN | DIRECTOR Trustee or director | 2 | $0 |
| JEREMY SHIR | DIRECTOR Trustee or director | 2 | $0 |
| CATALINA RODRIGUEZ | DIRECTOR Trustee or director | 2 | $0 |
| CICELY HODGES | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL HAMMON | CHAIRMAN Officer | 2 | $0 |
| WILL WISEHEART | SECRETARY Officer | 2 | $0 |
| RAYMOND PEREIRA | TREASURER Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 945 PENNSYLVANIA AVE 2ND FLOOR 10, MIAMI BEACH, FL 33139-5482
- Principal officer (990 for 2023)
- CRISTIAN ARANGO II, 945 PENNSYLVANIA AVE 2ND FLOOR 102, MIAMI BEACH, FL 33139
- Signed the 990
- CRISTIAN ARANGO II, CHIEF OPERATING OFFICER
- Phone
- (305) 538-0090
- Website
- MIAMIBEACHCDC.COM
- Return prepared by
- GLSC & COMPANY PLLC
Mission
TO PROVIDE MANAGEMENT SERVICES FOR NON-PROFIT ORGANIZATIONS THAT PROVIDE HOUSING FACILITIES TO LOW INCOME AND DISABLED PERSONS.
Program accomplishments
- TO PROVIDE MANAGEMENT SERVICES FOR NON-PROFIT ORGANIZATIONS THAT PROVIDE HOUSING FACILITIES TO LOW INCOME AND DISABLED PERSONS.revenue $802,900
- TO PROVIDE HOUSING FACILITIES TO LOW-INCOME AND DISABLED PERSONS.Expenses $3,282,417 · revenue $1,793,621
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | Not on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 59-2110264
- 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
- 1983
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $23,784,681
- Income (IRS master file)
- $4,421,670
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2024 | $1,877,244 | $3,326,621 | $23,784,681 | XML |
| 990 | September 2023 | $2,063,632 | $2,844,698 | $26,537,809 | XML |
| 990 | September 2022 | $2,161,577 | $2,557,776 | $27,362,430 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 59-2110264).
Questions about MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION INC
- What is the EIN of MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION INC is 59-2110264.
- Is MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION 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 MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2024.
- Who is the principal officer of MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION INC?
- The 990 for the year ended September 30, 2024 names CRISTIAN ARANGO II.
- Who are the officers and directors of MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION INC?
- The 990 for the year ended September 30, 2024 lists 9 people; 1 received compensation from the organization, the highest $54,880 (CRISTIAN ARANGO II, CHIEF OPERATING OFFICER).
- How much revenue does MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended September 30, 2024 it reported revenue of $1,877,244, expenses of $3,326,621 and total assets of $23,784,681 at year end.
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