East Little Havana Community Development Corporation in Coral Gables, Florida (FL)

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East Little Havana Community Development Corporation
Employer Identification Number (EIN)592663181
Name of OrganizationEast Little Havana Community Development Corporation
Address1699 Coral Way Ste 302, Coral Gables, FL 33145-2860
ActivitiesArea development, redevelopment of renewal, Described in section 170(b)1)(a)(vi) of the Code
SubsectionCharitable Organization
Ruling Date09/2012
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2011
Assets$5,000,000 to $9,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$8,414,971
Amount of Income$267,463
Form 990 Revenue Amount$267,463
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Public Housing Facilities


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Amount of income in 2011: $267,463
This organization: 

 $267,463
Other organizations performing similar types of work: 

 $148,094

Assets in 2011: $8,414,971
East Little Havana Community Development Corporation: 

 $8,414,971
Other organizations performing similar types of work: 

 $1,184,710

Expenses in 2006: $244,380
East Little Havana Community Development Corporation: 

 $244,380
Other organizations performing similar types of work: 

 $729,682

Income to expenses ratio in 2006: -0.5
This organization: 

 -0.5
Other organizations performing similar types of work: 

 0.9

Expenses allocated to program services in 2006: 91.7%
This organization: 

 91.7%
Other organizations performing similar types of work: 

 91.0%

Number of employees in 2006: 5
East Little Havana Community Development Corporation: 

 5
Other organizations performing similar types of work: 

 9

Employees paid over $50,000 in 2006: 20.0%
This organization: 

 20.0%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2006: -1,518.4%
East Little Havana Community Development Corporation: 

 -1,518.4%
Other organizations performing similar types of work: 

 1.1%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20012002200320042006
Total revenue$550,492$817,046$327,152$101,553$-112,601
Contributions, gifts, grants, and similar amounts received$498,229$740,118$257,351$61,342$1,709,701
Contributions to donor advised funds$0
Direct public support$14,021$90,230$0$0$40,951
Indirect public support$0$0$0$0$0
Government contributions (grants)$484,208$649,888$257,351$61,342$1,668,750
Program service revenue including government fees and contracts$0$95,368$37,053$38,123$57,737
Membership dues and assessments$0$0$0$0$0
Interest on savings and temporary cash investments$7,156$4,030$2,268$2,088$0
Dividends and interest from securities$0$0$0$0$12,630
Net rental income or (loss)$16,850$5,117$0$0$0
Gross rents$16,850$5,117$0$0$0
Less: rental expenses$0$0$0$0$0
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$-33,138$0$0$-1,892,669
Gross amount from sales of assets other than inventory$0$85,598$0$0$3,833,031
Less: cost or other basis and sales expenses$0$118,736$0$0$5,725,700
Net income or (loss) from special events and activities$0$0$0$0$0
Gross revenue$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0
Gross profit or (loss) from sales of inventory$-164,393$0$0$0$0
Gross sales of inventory, less returns and allowances$246,340$0$0$0$0
Less: cost of goods sold$410,733$0$0$0$0
Other revenue$192,650$5,551$30,480$0$0
Total expenses$582,229$676,001$639,740$520,217$244,380
Program services$582,229$627,617$604,274$482,428$224,209
Management and general$0$48,384$35,466$37,789$20,171
Fundraising$0$0$0$0$0
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$1,146,542$1,873,543$1,560,955$1,170,145$910,332
Excess or (deficit) for the year$-31,737$141,045$-312,588$-418,664$-356,981
Net assets or fund balances at beginning of year$1,178,279$1,146,542$1,873,543$1,560,955$1,256,500
Other changes in net assets or fund balances$0$585,956$0$27,854$10,813
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$244,380$224,209$20,171$0
Grants paid from donor advised funds$0
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.$96,130$82,884$13,246$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
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)$0$0$0$0
Salaries and wages of employees not included above$62,234$62,234$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$2,604$2,604$0$0
Payroll taxes$11,851$10,927$924$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$241$241$0$0
Postage and shipping$0$0$0$0
Occupancy$48,665$43,665$5,000$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$22,651$21,651$1,000$0
Balance Sheets
20012002200320042006
Total assets$3,403,577$8,889,388$9,421,370$10,495,337$5,579,518
Cash - non-interest-bearing$447,283$747,057$695,198$19,688$0
Savings and temporary cash investments$100,000$0$0$418,403$0
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0
Grants receivable$429,082$751,897$87,138$17,362$17,362
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$72,380$0$0$3,000$46,330
Inventories for sale or use$2,036,861$112,723$112,723$112,723$112,723
Prepaid expenses and deferred charges$23,690$3,128$9,190$46,046$8,351
Investments - publicly-traded securities$0
Investments - other securities$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$557,307
Investments - other$189,989$189,989$189,989$189,989$189,989
Land, buildings, and equipment less accumulated depreciation$63,447$7,034,312$7,515,257$8,654,093$4,636,645
Other assets, including program-related investments$40,845$50,282$811,875$1,034,033$10,811
Total liabilities$2,257,035$7,015,845$7,860,415$9,325,192$4,669,186
Accounts payable and accrued expenses$478,266$1,264,553$134,600$204,837$202,716
Grants payable$0$0$0$0$0
Deferred revenue$15,979$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0
Mortgages and other notes payable$1,743,790$5,732,292$6,873,973$8,990,947$4,460,461
Other liabilities$19,000$19,000$851,842$129,408$6,009
Total liabilities and net assets/fund balances$3,403,577$8,889,388$9,421,370$10,495,337$5,579,518
Total net assets or fund balances$1,146,542$1,873,543$1,560,955$1,170,142$910,332
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20012002200320042006
Total revenue$905,995$822,612$327,152$101,553$5,573,099
Total revenue, gains, and other support per audited financial statements$961,225$941,349$382,382$156,783$5,613,099
Other expenses$55,230$118,737$55,230$55,230$40,000
Net unrealized gains on investments$0$0$0$0$0
Donated services and use of facilities$55,230$0$55,230$55,230$40,000
Recoveries of prior year grants$0$0$0$0$0
Other$0$118,737$0$0$0
Other revenue$0$0$0$0$0
Investment expenses$0$0$0$0$0
Other$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20012002200320042006
Total expenses$937,732$676,001$639,740$520,217$5,930,080
Total expenses and losses per audited financial statements$992,962$795,481$694,970$572,880$5,970,079
Other revenue$55,230$119,480$55,230$55,230$40,000
Donated services and use of facilities$55,230$0$55,230$55,230$40,000
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$0$119,480$0$0$0
Other expenses$0$0$0$2,567$0
Investment expenses$0$0$0$0$0
Other$0$0$0$2,567$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings5
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?No
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?No
Does the organization have a written conflict of interest policy?Yes
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)?No
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?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20065
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$70,367
Program service revenue
Program service revenue 1000000$000$0$57,737
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
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$000$0$12,630
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$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
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 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$99,000$0$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 2006)
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?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter 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$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
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
20002001200220032005
Total$3,649,122$961,225$817,046$255,917$255,941
Gifts, grants, and contributions received$1,333,657$498,229$649,888$170,213$254,940
Membership fees received$0$0$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$2,180,932$455,840$163,128$82,533$0
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$16,846$7,156$4,030$3,171$1,001
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$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$0$0
Other income$117,687$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
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
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$267,463
Contributions, Gifts, Grants and Other Similar Amounts$267,463
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$283,623
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$283,623
Balance Sheet (for 2011)
Total assets$8,414,971
Total liabilities$3,809,204
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$3,154,920
Unsecured notes and loans payable to unrelated third parties$0
Other$654,284
Total net assets or fund balances$4,605,767
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$3,619,171
Gifts, grants, contributions, and membership fees received$3,618,779
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$392
Gross receipts from related activities, etc.$0
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Number of organizations performing similar types of work
Alaska9
Alabama46
Arkansas40
Arizona34
California337
Colorado38
Connecticut36
District of Columbia17
Delaware24
Florida121
Georgia97
Hawaii19
Iowa21
Idaho13
Illinois97
Indiana43
Kansas9
Kentucky49
Louisiana95
Massachusetts92
Maryland68
Maine12
Michigan113
Minnesota68
Missouri56
Mississippi33
Montana9
North Carolina108
North Dakota8
Nebraska22
New Hampshire24
New Jersey88
New Mexico15
Nevada10
New York244
Ohio129
Oklahoma33
Oregon28
Pennsylvania101
Rhode Island28
South Carolina53
South Dakota14
Tennessee63
Texas162
Utah11
Virginia51
Vermont7
Washington37
Wisconsin29
West Virginia12
Wyoming5
International21
Total2,899

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