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Nonprofiteer
← COMMUNITY FUND OF NORTH MIAMI DADE INC

Form 990 for tax year 2023

Filed by COMMUNITY FUND OF NORTH MIAMI DADE INC.

Totals

Total revenue
$1,025,954
Total expenses
$642,246
Contributions and grants received
$882,310
Grants paid
$0
Program service revenue
$0
Investment income
$108,222
Other revenue
$35,422
Total assets, end of year
$8,624,084
Total liabilities, end of year
$3,264,462
Net assets or fund balances, end of year
$5,359,622
Program services expenses (Part IX)
$606,206
Management and general expenses
$36,040
Fundraising expenses
$0
Program service expenses (Part III)
$606,206

Program services were 94.4% 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)

    $847,310

  • 1f · All other contributions, gifts and grants

    $35,000

  • 3 · Investment income

    total $108,222 · unrelated business $108,222

  • 11a · Other revenue: Other income

    total $35,422 · related or exempt $35,422

  • 11e · Other revenue, total

    $35,422

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $302,551 · program services $302,551

  • 9 · Other employee benefits

    total $60,685 · program services $32,960 · management and general $27,725

  • 10 · Payroll taxes

    total $39,929 · program services $39,929

  • 11b · Fees: legal

    total $1,330 · program services $1,330

  • 11c · Fees: accounting

    total $31,449 · program services $29,649 · management and general $1,800

  • 11g · Fees: other

    total $1,643 · program services $1,643

  • 12 · Advertising and promotion

    total $6,763 · program services $2,786 · management and general $3,977

  • 13 · Office expenses

    total $8,236 · program services $8,030 · management and general $206

  • 14 · Information technology

    total $13,818 · program services $13,818

  • 16 · Occupancy

    total $12,000 · program services $12,000

  • 17 · Travel

    total $16,246 · program services $13,914 · management and general $2,332

  • 19 · Conferences, conventions and meetings

    total $13,513 · program services $13,513

  • 20 · Interest

    total $47,550 · program services $47,550

  • 22 · Depreciation, depletion and amortization

    total $516 · program services $516

  • 23 · Insurance

    total $4,029 · program services $4,029

  • 24a · Other expenses: Auto Expense

    total $274 · program services $274

  • 24b · Other expenses: Program Expense

    total $21,592 · program services $21,592

  • 24c · Other expenses: Dues and Subscriptions

    total $3,745 · program services $3,745

  • 24d · Other expenses: Subcontractor

    total $8,038 · program services $8,038

  • 24e · All other expenses

    total $48,339 · program services $48,339

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $586,233 · end of year $687,232

  • 4 · Accounts receivable

    beginning of year $13,411 · end of year $54,079

  • 7 · Other notes and loans receivable

    beginning of year $5,410,503 · end of year $5,817,380

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,202 · end of year $935

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

    $1,801

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

    $150

  • 10c · Land, buildings and equipment, net

    end of year $1,651

  • 12 · Investments: other securities

    beginning of year $32,072 · end of year $2,062,807

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,126 · end of year $66,052

  • 19 · Deferred revenue

    beginning of year $133,563 · end of year $159,855

  • 23 · Secured mortgages and notes payable

    end of year $2,855,430

  • 24 · Unsecured notes and loans payable

    beginning of year $653,379

  • 25 · Other liabilities

    beginning of year $255,439 · end of year $183,125

  • 27 · Net assets without donor restrictions

    beginning of year $4,975,914 · end of year $5,359,622

Mission and programs · 2023

Mission

To utilize resources derived from public and private sectors to assist the poor, distressed and underprivilenge through a program of lending and investing in housing,small/microbusiness and other commercial enterprises

  • Lending to small/micro businesses to revitalize low income communities

    Expenses $606,206

As filed on the 2023 return.

Listed in Part VII

  • Alejandro Buitrago

    Director

    Total calculated
    $0
    Hours/week
    2

  • Eugene Simmons

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ruban E Roberts

    Director

    Total calculated
    $0
    Hours/week
    2

  • Parmalyn Marlo Jacob

    Director

    Total calculated
    $0
    Hours/week
    2

  • Alex Rhodes

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Bridges

    Chief Financial Operating O

    Total calculated
    $0
    Hours/week
    2

  • Javier Jorge

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Juan Gonzalez

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Willie Logan

    President CEO

    Total calculated
    $0
    Hours/week
    2 + 40 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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349304434

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