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Community Fund Of North Miami-Dade Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 412025826 ✦ Opa locka, FL ✦ Designated as a 501(c)(3)

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Overview

What is Community Fund Of North Miami-Dade Inc?

Community Fund of North Miami-Dade Inc is a nonprofit organization situated in Opa Locka, Florida. Their primary mission is to aid low-income communities by providing loans and investments to small and micro-businesses. They leverage resources from both the public and private sectors to support distressed and underprivileged communities, focusing on housing, business, and commercial ventures. With a workforce of six individuals, they strive to revitalize these communities and contribute to their economic growth.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 90%, Four-Star out of Four Star rating.

The Community Fund Of North Miami-Dade Inc has received a commendable score of 90%, which reflects a strong performance in accountability and finance. This high rating is largely driven by its effective governance practices, including a board composed of 71% independent members and a robust audit and oversight committee. The organization has demonstrated transparency through its conflict of interest policy and thorough documentation of board meeting minutes.

Financially, the nonprofit shows significant strength with a program expense ratio of 92.67%, indicating that a large percentage of its resources are directed toward its mission-driven programs. Additionally, the low liabilities to assets ratio of 18.04% suggests solid financial stability. These metrics highlight the organization's commitment to utilizing funds efficiently and responsibly.

While the data points towards the organization's strengths, specific challenges or limitations were not mentioned in the available information. However, the emphasis on accountability and financial responsibility positions the Community Fund Of North Miami-Dade Inc as a trustworthy charity for potential donors and supporters.


This AI summary has been generated from information found on Charity Navigator.

Is Community Fund Of North Miami-Dade Inc legitimate?

Community Fund Of North Miami-Dade Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Fund Of North Miami-Dade Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $326,649

For more financial information, click here

What is the mission statement of Community Fund Of North Miami-Dade Inc?

The Community Fund of North Miami-Dade Inc. is committed to utilizing resources from both public and private sectors. Their primary objective is to aid the underprivileged, distressed, and impoverished individuals by implementing a program of lending and investing in various sectors. This includes housing, small and micro businesses, and other commercial enterprises. The aim is to revitalize low-income communities through these financial investments.

Who is the CEO of Community Fund Of North Miami-Dade Inc?

Willie Logan is the Chief Legal Officer of Community Fund Of North Miami-Dade Inc. The CEO's salary of Community Fund Of North Miami-Dade Inc is $0 and their total compensation is $0.

What is the revenue of Community Fund Of North Miami-Dade Inc?

Community Fund Of North Miami-Dade Inc's revenue in 2022 was $654,358.

Who are the executives of Community Fund Of North Miami-Dade Inc and what are their salaries?

The average compensation at Community Fund Of North Miami-Dade Inc during 2022 was $54,442. There are 6 employees at Community Fund Of North Miami-Dade Inc.


Here are 10 key members and their salaries (Community Fund Of North Miami-Dade Inc's CEO's salary is $0 and their total compensation is $0):


Lida Rodriquez-Taseff (Chief Legal Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eugene Simmons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alejandro Buitrago (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruban E Roberts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Parmalyn Marlo Jacob (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Javier Jorge (Chairman Acting Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Bridges (Chief Financial Operating O)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Rhodes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juan Gonzalez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Willie Logan (President Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Community Fund Of North Miami-Dade Inc?

Community Fund Of North Miami-Dade Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Community Fund Of North Miami-Dade Inc

Community Fund of North Miami-Dade Inc is committed to aiding the less fortunate, distressed, and underprivileged individuals in their community. They accomplish this mission by leveraging resources from both public and private sectors. The organization focuses on lending and investing in various sectors, including housing, small and micro-businesses, and other commercial enterprises. This strategic approach is designed to revitalize low-income communities, ultimately contributing to their overall improvement and development.

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Impact




July, 2024

Community Fund Of North Miami-Dade Inc's impact is significant in revitalizing low-income communities in OPA LOCKA, FL by providing lending and investment opportunities to small/micro businesses. Through its mission of utilizing resources from public and private sectors to assist the poor, distressed, and underprivileged, the organization plays a crucial role in promoting economic development and improving the quality of life for residents in the area. The organization's focus on housing and small business development underscores its commitment to creating a sustainable and inclusive community.




This information is meant to be a general summary of Community Fund Of North Miami-Dade Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$654,358 (2022)
Expenses
$540,435 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $31,147
  • Gross Receipts: $654,358

Assets and Liabilities:

  • Total Assets: $6,071,421
  • Total Liabilities: $1,095,507
  • Net Assets: $4,975,914

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Organization Details

Founding Year

2002

Principal Officer

Willie Logan

Main Address

490 Opa Locka Blvd STE 2nd FL, Opa Locka, FL, 33054

NTEE Category

Code: L80 - Housing

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