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Nonprofiteer
← OPA-LOCKA COMMUNITY DEVELOPMENT CORPORATION INC

Form 990 for tax year 2022

Filed by OPA-LOCKA COMMUNITY DEVELOPMENT CORPORATION INC.

What the amendment changed

Compared with the return it replaced , filed 5 June 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed only on the later return

  • Dawn Perez
  • Lia Yaffar-Pena
  • Lida Rodrigues-Taseff
  • Wang W Victor

Totals

Total revenue
$40,753,537
Total expenses
$17,650,831
Contributions and grants received
$3,018,846
Grants paid
$0
Program service revenue
$464,850
Investment income
$271,898
Other revenue
$36,997,943
Total assets, end of year
$117,880,887
Total liabilities, end of year
$57,140,315
Net assets or fund balances, end of year
$60,740,572
Program services expenses (Part IX)
$15,406,361
Management and general expenses
$2,244,470
Fundraising expenses
$0
Program service expenses (Part III)
$15,406,361

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $469,833

  • 1f · All other contributions, gifts and grants

    $2,549,013

  • 2a · Program service revenue: Developer Fees

    total $148,615 · related or exempt $148,615

  • 2b · Program service revenue: Distribution Income

    total $316,235 · related or exempt $316,235

  • 3 · Investment income

    total $271,898 · related or exempt $271,898

  • 6a · Gross rents

    real property $7,164,148

  • 6c · Rental income or loss

    real property $7,164,148

  • 6d · Net rental income or loss

    total $7,164,148 · related or exempt $7,164,148

  • 11a · Other revenue: Other Income

    total $391,004 · related or exempt $391,004

  • 11b · Other revenue: Special Events

    total $26,753 · related or exempt $26,753

  • 11c · Other revenue: Gain on Property Acquis

    total $29,400,300 · related or exempt $29,400,300

  • 11d · All other revenue

    total $15,738 · related or exempt $15,738

  • 11e · Other revenue, total

    $29,833,795

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,057,107 · program services $3,490,325 · management and general $1,566,782

  • 9 · Other employee benefits

    total $26,110 · program services $15,013 · management and general $11,097

  • 11a · Fees: management

    total $345,569 · program services $345,569

  • 11b · Fees: legal

    total $1,675,659 · program services $1,549,911 · management and general $125,748

  • 11c · Fees: accounting

    total $105,619 · program services $56,125 · management and general $49,494

  • 11g · Fees: other

    total $765,523 · program services $729,704 · management and general $35,819

  • 12 · Advertising and promotion

    total $186,160 · program services $108,089 · management and general $78,071

  • 13 · Office expenses

    total $1,586,788 · program services $1,533,007 · management and general $53,781

  • 14 · Information technology

    total $33,606 · program services $14,650 · management and general $18,956

  • 16 · Occupancy

    total $968,320 · program services $926,183 · management and general $42,137

  • 17 · Travel

    total $3,608 · program services $1,889 · management and general $1,719

  • 19 · Conferences, conventions and meetings

    total $915,345 · program services $828,466 · management and general $86,879

  • 20 · Interest

    total $1,654,374 · program services $1,619,280 · management and general $35,094

  • 22 · Depreciation, depletion and amortization

    total $2,307,156 · program services $2,284,931 · management and general $22,225

  • 23 · Insurance

    total $656,362 · program services $644,194 · management and general $12,168

  • 24a · Other expenses: Licenses & Permits

    total $14,135 · program services $11,208 · management and general $2,927

  • 24b · Other expenses: Project Cost

    total $125,252 · program services $135,387 · management and general -$10,135

  • 24c · Other expenses: General Adminstrative

    total $511,282 · program services $438,083 · management and general $73,199

  • 24d · Other expenses: Consulting Fees

    total $442,847 · program services $361,250 · management and general $81,597

  • 24e · All other expenses

    total $270,009 · program services $313,097 · management and general -$43,088

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,118,751 · end of year $9,969,243

  • 2 · Savings and temporary cash investments

    beginning of year $1,421,537 · end of year $3,156,464

  • 3 · Pledges and grants receivable

    beginning of year $421,747 · end of year $412,634

  • 4 · Accounts receivable

    beginning of year $1,002,822 · end of year $1,063,683

  • 7 · Other notes and loans receivable

    beginning of year $12,821,071 · end of year $12,693,834

  • 9 · Prepaid expenses and deferred charges

    beginning of year $436,476 · end of year $372,773

  • 10a · Land, buildings and equipment: cost or other basis

    $83,014,211

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,480,083

  • 10c · Land, buildings and equipment, net

    beginning of year $45,155,490 · end of year $77,534,128

  • 12 · Investments: other securities

    beginning of year $3,164,858 · end of year $3,361,604

  • 13 · Investments: program-related

    beginning of year $9,052,667 · end of year $7,602,210

  • 15 · Other assets

    beginning of year $1,678,548 · end of year $1,714,314

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,015,338 · end of year $1,064,491

  • 19 · Deferred revenue

    beginning of year $455,465 · end of year $833,078

  • 23 · Secured mortgages and notes payable

    beginning of year $44,853,485 · end of year $54,140,756

  • 24 · Unsecured notes and loans payable

    beginning of year $231,800

  • 25 · Other liabilities

    beginning of year $1,426,754 · end of year $1,101,990

  • 27 · Net assets without donor restrictions

    beginning of year $37,291,125 · end of year $60,740,572

Mission and programs · 2022

Mission

Opa Locka CDC transforms under-resourced communities into vibrant,desirable,engaged neighborhoods by improving access to health, education,employment,art,safety and affordable housing

  • Rehabilited homes for the very low and moderate low income families. Developed multi-family rental units for very low and moderate income families. Developed economic projects which provided leasing of commercial space and attracted job opportunities.

    Expenses $10,622,267

  • Education, Family and Health department provides a strategic response to providing education to children and families in the community. This department addressed health inequalities experienced by Opa Locka residents. The department also provides health fairs and access to exercise equipment for the underserved community.

    Expenses $1,844,274

  • Other financial empowerment and small business programs

    Expenses $1,543,728

  • Arts and Creative industry department is committed to providing unique arts-based social and economic opportunites for current and future residents as well as visitors and stakeholders of Opa Locka. These initiatives are meant to make quality art of all forms easily accessible and engrained into every day life of residents in Opa Locka.

    Expenses $1,396,092

As filed on the 2022 return.

Listed in Part VII

  • Willie F Logan

    CEO

    Total calculated
    $541,832
    From this org
    $541,832
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $541,832
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $541,832

  • Lida Rodrigues-Taseff

    Director

    Total calculated
    $316,712
    From this org
    $316,712
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $316,712
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $316,712

  • Jeffrey Bridges

    Chief Financial Officer

    Total calculated
    $229,308
    From this org
    $229,308
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $229,308
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $229,308

  • Dawn Perez

    Director

    Total calculated
    $126,250
    From this org
    $126,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Lia Yaffar-Pena

    Director

    Total calculated
    $113,925
    From this org
    $113,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Gary Loft

    Controller

    Total calculated
    $112,265
    From this org
    $112,265
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 4 related

  • Wang W Victor

    Director

    Total calculated
    $103,348
    From this org
    $103,348
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Ian Abrams

    Director

    Total calculated
    $0
    Hours/week
    2

  • Linda Julien

    Director

    Total calculated
    $0
    Hours/week
    2

  • Owen May

    Director

    Total calculated
    $0
    Hours/week
    2

  • Lady Smith

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michael Shifrin

    Director

    Total calculated
    $0
    Hours/week
    2

  • Charlotte Lowe

    Director

    Total calculated
    $0
    Hours/week
    2

  • Wendy Francois

    Director

    Total calculated
    $0
    Hours/week
    2

  • Milton Felton

    Director

    Total calculated
    $0
    Hours/week
    2

  • Marveasha Primonato

    Director

    Total calculated
    $0
    Hours/week
    2

  • Fred Funeus

    Finance Committee

    Total calculated
    $0
    Hours/week
    2

  • Ulysses Harvard

    Director

    Total calculated
    $0
    Hours/week
    2

  • Eugene Simmons

    Finance Committee

    Total calculated
    $0
    Hours/week
    2

  • John Little

    Secretary

    Total calculated
    $0
    Hours/week
    0

  • Wilbert Holloway

    Executive Committee

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Newton

    Finance Committee

    Total calculated
    $0
    Hours/week
    2

  • Melissa Hunter-Davis

    Director

    Total calculated
    $0
    Hours/week
    2

  • Nashid Sabir

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Alex Rhodes

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Quinn Smith

    Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Wendy Francios

    Executive Committee

    Total calculated
    $0
    Hours/week
    2

  • Nikisha Williams

    Chief Operating Officer

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Villa Capri Apartments

    Rental Apartments · FL

    Directly controlled by OLCDC

  • OLCDC Solabella LLC

    Rental Housing · FL

    Directly controlled by OLCDC

Provenance

Return type
form_990
Tax year
2022
Filed
15 April 2024
IRS schema version
2022v5.0
Source object
202441249349301749

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