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Nonprofiteer
← OYC PROPERTY HOLDINGS INC

Form 990 for tax year 2024

Filed by OYC PROPERTY HOLDINGS INC.

Totals

Total revenue
$2,161,415
Total expenses
$286,432
Contributions and grants received
$1,983,415
Grants paid
$0
Program service revenue
$178,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$21,770,977
Total liabilities, end of year
$17,766,778
Net assets or fund balances, end of year
$4,004,199
Program services expenses (Part IX)
$286,432
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$286,432

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,983,415

  • 2a · Program service revenue: RENT FROM RELATED PART

    total $178,000 · related or exempt $178,000

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $213,319 · program services $213,319

  • 24a · Other expenses: NMTC FEES

    total $73,113 · program services $73,113

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $433,852 · end of year $265,207

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

    $21,694,590

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

    $188,820

  • 10c · Land, buildings and equipment, net

    beginning of year $19,560,214 · end of year $21,505,770

  • 17 · Accounts payable and accrued expenses

    beginning of year $279,829 · end of year $157,258

  • 23 · Secured mortgages and notes payable

    beginning of year $17,585,021 · end of year $17,609,520

  • 28 · Net assets with donor restrictions

    beginning of year $2,129,216 · end of year $4,004,199

Mission and programs · 2024

Mission

OYC PROPERTY HOLDINGS, INC., A FLORIDA NOT FOR PROFIT CORPORATION (THE 'CORPORATION'), HASBEEN ORGANIZED FOR THE BENEFIT OF OVERTOWN YOUTH CENTER, INC., A FLORIDA NOT FOR PROFITCORPORATION ('OYC'). (CONTINUED ON SCHEDULE O)

Activities or mission (Part I)

TO SUPPORT OVERTOWN YOUTH CENTER WITH CAPITAL PROJECTS

  • TO FURTHER SUPPORT THE IMPORTANT AND IMPACTFUL MISSION OF OYC AND WITHIN THE ABOVE RESTRICTIONS, THE CORPORATION SPECIFICALLY INTENDS TO ACCEPT THE CONTRIBUTION BY OYC OF A LEASEHOLD INTEREST IN THAT CERTAIN REAL PROPERTY MORE COMMONLY KNOWN AS 450 NW 14TH STREET, MIAMI, FLORIDA 33136 (THE 'PROPERTY'), UPON WHICH IT INTENDS TO RENOVATE THE EXISTING 18,000 SQUARE FOOT OVERTOWN YOUTH CENTER FACILITY INTO A 56,000 SQUARE FOOT, STATE-OF-THE-ART FACILITY. HIS NEW FACILITY WILL ALLOW OYC TO INCREASE ITS CAPACITY TO SERVE OVER 5,000 YOUTH AND FAMILIES, USING THE NEWLY RENOVATED FACILITY AS THE MAIN HUB THAT WILL DEPLOY STAFF AND SERVICES TO THE COMMUNITY-AT-LARGE. (CONTINUED ON SCHEDULE O)

    Expenses $286,432

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alonzo Mourning

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Tracy Wilson Mourning

    VICE CHAIRWOMAN EMERITUS

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Andres Asion

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Shawn David Alexander

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Albert E Dotson Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Ronald Lee Book

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Stephen A Marino Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Elise Scheck Bonwitt Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Gregory Deutch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Magda J Castineyra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Paul A Shelowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Eric James Vainder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Matthew Roth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Russell Brooke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Jason David Sternberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Jeffrey Fratarcangeli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Linda Coll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Michael Fux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Michael Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Rodney C Adkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Salomon Pedro Grosfeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Jacquelynn Dove Powers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Carol Cassandra Biggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Cristal J Cole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Rashmi Helen Airan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Silvia Maria Larrieu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Brian Y Goldmeier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Mariola Triana Sanchez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Arshi Siddiqui Meek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Allen S Furst

    TREASURER EMERITUS

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Michelle Febres

    BOARD CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Tina Brown

    CEO

    Total calculated
    $210,956
    From this org
    $0
    From related orgs
    $210,956
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,956 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $210,956 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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.

  • OVERTOWN YOUTH CENTER INC

    501(C)(3) · YOUTH SERVICES · FL

  • HONEY SHINE INC

    501(C)(3) · YOUTH SERVICES · FL

    Directly controlled by OYC

  • MOURNING FAMILY FOUNDATION INC

    501(C)(3) · YOUTH SERVICES · FL

    Directly controlled by OYC

Provenance

Return type
form_990
Tax year
2024
Filed
31 March 2026
IRS schema version
2024v5.5
Source object
202600909349301855

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