Overview
What is Miami Beach Community Development Corporation?
Miami Beach Community Development Corporation, located at 945 Pennsylvania Ave, Miami Beach, FL 33139, is a dedicated neighborhood agency committed to preserving the Miami Beach Architectural District and stimulating economic growth in South Beach. Their primary role involves providing management services to nonprofit organizations, specifically those that offer housing facilities to low-income and disabled individuals. This mission aligns with their goal of promoting community development and ensuring access to affordable housing for those in need.
Official website here: www.miamibeachcdc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Miami Beach Community Development Corporation has received an 81% rating from Charity Navigator, reflecting a solid level of accountability and financial health. The organization demonstrates strong governance practices, with 88% of its board members being independent, ensuring that decisions are made without conflicts of interest. The lack of material diversion of assets and the presence of comprehensive policies on conflict of interest and whistleblower protections further enhance its credibility.
One of the standout features of this nonprofit is its high program expense ratio of 97.12%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, the organization maintains a healthy liabilities to assets ratio of 33.15%, which suggests good financial stability. These factors contribute to the overall positive financial management of the organization.
While the charity shows strong performance in various areas, there could always be room for improvement to enhance transparency and stakeholder engagement. However, the current metrics position the Miami Beach Community Development Corporation as a reliably managed organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Miami Beach Community Development Corporation legitimate?
Miami Beach Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miami Beach Community Development Corporation 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: $123,955
For more financial information, click here
Official website here: www.miamibeachcdc.com
What is the mission statement of Miami Beach Community Development Corporation?
The Miami Beach Community Development Corporation is a community development agency with a mission to serve non-profit organizations. Its primary goal is to manage these organizations that offer housing facilities for low-income and disabled individuals. The corporation is committed to preserving the architectural district and revitalizing the economy, specifically in South Beach, although these details are not part of its mission statement. The organization's work aims to provide essential services, ensuring that these vulnerable groups have access to suitable housing facilities.
Official website here: www.miamibeachcdc.com
Who is the CEO of Miami Beach Community Development Corporation?
Cristian Arango Ii is the Director of Miami Beach Community Development Corporation.
Official website here: www.miamibeachcdc.com
What is the revenue of Miami Beach Community Development Corporation?
Miami Beach Community Development Corporation's revenue in 2022 was $2,161,577.
Official website here: www.miamibeachcdc.com
Who are the executives of Miami Beach Community Development Corporation and what are their salaries?
There 8 volunteers at Miami Beach Community Development Corporation.
Here are 9 key members and their salaries:
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- Compensation: $42,255
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Official website here: www.miamibeachcdc.com
Where can I find the form 990 for Miami Beach Community Development Corporation?
Miami Beach Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.miamibeachcdc.com
Learn more at the official website: www.miamibeachcdc.com
Mission Statement of Miami Beach Community Development Corporation
Miami Beach Community Development Corporation, abbreviated as MBCDC, serves as a neighborhood community development agency with a mission focused on preserving the architectural district of Miami Beach and stimulating the economic revitalization of South Beach. Beyond this, the organization provides management services for various non-profit organizations, dedicating its efforts to supporting entities that offer housing facilities for low-income and disabled individuals. By offering these services, MBCDC contributes to the well-being of vulnerable populations by ensuring they have secure and accessible living spaces.
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Impact
July, 2024
Miami Beach Community Development Corporation's impact is significant in revitalizing and preserving the architectural district of Miami Beach and fostering economic growth in South Beach. Through their management services for nonprofit organizations that offer housing to low-income and disabled individuals, MBCDC plays a crucial role in improving the quality of life for vulnerable populations in the Miami Beach community. Their dedication to community improvement is evident in their efforts to ensure affordable housing options and support services are available to those in need, contributing to the overall well-being and sustainability of the area.
This information is meant to be a general summary of Miami Beach Community Development Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$749
- Program Service Revenue: $1,250,648
- Gross Receipts: $2,162,533
Assets and Liabilities:
- Total Assets: $27,362,430
- Total Liabilities: $9,071,992
- Net Assets: $18,290,438
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,047,805
MANAGEMENT FEE INCOME
Revenue
$186,129
OTHER RENTAL INCOME
Revenue
$14,441
LAUNDRY AND VENDING IN
Revenue
$2,273
Organization Details
Founding Year
1981
Phone
(305) 538-0090Principal Officer
Cristian Arango Ii
Main Address
945 PENNSYLVANIA AVE 2ND FLOOR 102, MIAMI BEACH, FL, 33139
Website
www.miamibeachcdc.comNTEE Category
Code: S310 - Community improvement
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