Miami Capital Development Inc in Miami, Florida (FL)

Organization representatives - add corrected or new information about Miami Capital Development Inc »

Non-representatives - add comments about Miami Capital Development Inc»

Miami Capital Development Inc
Employer Identification Number (EIN)592001628
Name of OrganizationMiami Capital Development Inc
AddressMiami, FL 33131
Tax Period2002
Asset Amount$3,424,207
Amount of Income$358,836
Form 990 Revenue Amount$358,836
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Urban, Community Economic Development


Non-representatives - add comments:


CAPTCHA

Your IP address 18.205.176.85 will be logged.

Amount of income in 2002: $358,836
This organization: 

 $358,836
Other organizations performing similar types of work: 

 $738,131

Assets in 2002: $3,424,207
This organization: 

 $3,424,207
Other organizations performing similar types of work: 

 $2,863,992

Expenses in 2002: $472,913
This organization: 

 $472,913
Other organizations performing similar types of work: 

 $653,069

Income to expenses ratio in 2002: 0.8
This organization: 

 0.8
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2002: 100.0%
Miami Capital Development Inc: 

 100.0%
Other organizations performing similar types of work: 

 80.0%

Number of employees in 2002: 3
Miami Capital Development Inc: 

 3
Other organizations performing similar types of work: 

 3

Employees paid over $50,000 in 2002: 33.3%
Miami Capital Development Inc: 

 33.3%
Other organizations performing similar types of work: 

 25.0%

Grants share in income in 2002: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 37.7%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$546,602$597,065$358,836
Contributions, gifts, grants, and similar amounts received$0$0$0
Contributions to donor advised funds
Direct public support$0$0$0
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$0$0$344,883
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$334,989$335,728$10,713
Dividends and interest from securities$0$0$0
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0
Gross amount from sales of assets other than inventory$0$0$0
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$211,613$261,337$3,240
Total expenses$382,645$481,227$472,913
Program services$382,645$481,227$472,913
Management and general$0$0$0
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$3,661,321$3,777,159$3,424,207
Excess or (deficit) for the year$163,957$115,838$-114,077
Net assets or fund balances at beginning of year$6,207,104$3,661,321$3,777,159
Other changes in net assets or fund balances$-2,709,741$0$-238,875
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$472,913$472,913$0$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$191,779$191,779$0$0
Pension plan contributions not included above$8,350$8,350$0$0
Employee benefits not included above$3,186$3,186$0$0
Payroll taxes$15,805$15,805$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$180$180$0$0
Legal fees$35,540$35,540$0$0
Supplies$2,685$2,685$0$0
Telephone$3,623$3,623$0$0
Postage and shipping$366$366$0$0
Occupancy$12,768$12,768$0$0
Equipment rental and maintenance$2,639$2,639$0$0
Printing and publications$0$0$0$0
Travel$3,025$3,025$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$238$238$0$0
Other expenses not covered above$192,729$192,729$0$0
Balance Sheets
200020012002
Total assets$3,703,614$3,819,002$3,450,882
Cash - non-interest-bearing$1,278,270$1,840,178$2,238,969
Savings and temporary cash investments$0$0$0
Accounts receivable less allowance for doubtful accounts$78,919$74,271$43,751
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$2,249,460$1,842,494$1,156,946
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Investments - publicly-traded securities
Investments - other securities$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$39,916$239$0
Other assets, including program-related investments$57,049$61,820$11,216
Total liabilities$42,293$41,843$26,675
Accounts payable and accrued expenses$42,293$41,843$26,675
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$0$0$0
Other liabilities$0$0$0
Total liabilities and net assets/fund balances$3,703,614$3,819,002$3,450,882
Total net assets or fund balances$3,661,321$3,777,159$3,424,207
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$546,602$597,065$358,836
Total revenue, gains, and other support per audited financial statements$546,602$597,065$358,836
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$382,645$481,227$472,913
Total expenses and losses per audited financial statements$3,092,385$481,227$472,913
Other revenue$2,709,740$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$2,709,740$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20063
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$10,713$348,123
Program service revenue
Program service revenue 1000000$000$0$159,596
Program service revenue 2000000$000$0$12,003
Program service revenue 3000000$000$0$173,284
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$10,713$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$3,240
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$72,500$3,625$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
199920002001
Total$818,864$546,602$655,071
Gifts, grants, and contributions received$104,169$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$638,640
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$443,714$334,989$16,431
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$270,981$211,613$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Miami Capital Development Inc to others? (optional)
  
Add photo of Miami Capital Development Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Bac Funding Corporation6600 Nw 27th Ave, Miami, FL 33147-7220FL1982-07$4,482,072
2Miami Beach Community Development Corporation Inc945 Pennsylvania Ave, Miami Beach, FL 33139-5482FL1983-04$3,258,233
3Bac Funding Consortium Inc6600 Nw 27th Ave, Miami, FL 33147-7220FL1985-01$400,132
4Miami Capital Development IncMiami, FL 33131FL$358,836
5Union County Economic Development Corp75 Chestnut St, Cranford, NJ 07016-2937NJ1979-04$2,780,218
6Rock Hill Economic Development CorporationPO BOX 11706, Rock Hill, SC 29731-1706SC1984-01$1,413,791
7Black Economic Development Coalition Inc, Tools For Change180 Nw 62nd St, Miami, FL 33150-4543FL1993-03$933,299
8Sobro Development Corporation555 Bergen Ave, Bronx, NY 10455-1368NY1983-06$671,663
9Watertown Industrial Center Local Development Corporation800 Starbuck Avenue, Watertown, NY 13601-1659NY1995-02$470,496
10The Downtown Shareholders Of Kansas City Kansas Inc726 Armstrong Ave, Kansas City, KS 66101-2702KS2008-03$456,374
11Ulster County Development Corporation5 Development Ct, Kingston, NY 12401-1949NY1981-03$114,394
12Superior Development Corporation354 N Commercial Ave, Superior, NE 68978-1724NE2006-03$78,567
13Schenectady Local Development Corp105 Jay St, Schenectady, NY 12305-1905NY1991-03$71,135
14Southern Windsor County Incubator Inc14 Clinton St Ste 7, Springfield, VT 05156-3302VT2006-12$22,644
15Bay City River Of Lights Festival208 E Murphy St, Bay City, MI 48706MI2008-05$0
16Bourbon Community Development CorporationP O Box 593, Bourbon, MO 65441MO2007-06$0
17Center For The Urban Environment2116 2nd Ave S, Minneapolis, MN 55404-2606MN2000-08$0
18Christian Economic Coalition Inc493 Washington St, Dorchester, MA 02124-2014MA1994-08$0
19Community Capital Development CorporationPO BOX 1305, Flint, MI 48502MI1979-04$0
20Omega Trust Inc7301a W Palmetto Park Rd Ste 305c, Boca Raton, FL 33433-3466FL1999-12$0
Number of organizations performing similar types of work
Alaska1
Alabama2
Arizona1
California7
Connecticut4
Florida6
Georgia2
Hawaii1
Iowa2
Idaho2
Illinois1
Indiana8
Kansas1
Louisiana1
Massachusetts9
Maryland2
Maine1
Michigan6
Minnesota3
Missouri4
Montana1
North Carolina4
Nebraska1
New Hampshire2
New Jersey8
New York23
Ohio13
Oklahoma2
Pennsylvania16
Rhode Island1
South Carolina4
South Dakota3
Texas3
Vermont3
Washington1
Wisconsin4
West Virginia2
Total155

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Miami Capital Development Inc and has no official or unofficial affiliation with Miami Capital Development Inc