Miracle Village Inc
- Assets
- $3.6m
- Revenue
- $349.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Tallahassee, FL
- Founding
- 05/2004
- Data as of
- 06/2021
- EIN
- 16-1692239
Organization Overview
Miracle Village Inc is located in Tallahassee, FL. The organization was established in 2004. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Miracle Village Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miracle Village Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Miracle Village Inc generated $349.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $468.4k during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FILING ORGANIZATION OWNS AND OPERATES A 44-UNIT APARTMENT BUILDING FOR THE PURPOSE OF PROVIDING HOUSING AND SERVICES TO LOW-INCOME ELDERLY AND HANDICAPPED PERSONS. DURING THE CURRENT YEAR, MIRACLE VILLAGE, INC. SERVED 43 PERSONS ON AVERAGE EACH MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elder Kenneth Washington Chairman | OfficerTrustee | 2 | $0 |
Elder Dr Chris A Burney Vice Chairman | OfficerTrustee | 2 | $0 |
Elder Dr Willie Williams President | OfficerTrustee | 2 | $0 |
Elder Cedric Williams Secretary | OfficerTrustee | 2 | $0 |
Deacon Timothy Williams Convention Treasurer | OfficerTrustee | 2 | $0 |
Elder Harry Cloud Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $229,642 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,642 |
| Total Program Service Revenue | $119,434 |
| Investment income | $48 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $349,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,298 |
| Pension plan accruals and contributions | $1,900 |
| Other employee benefits | $7,197 |
| Payroll taxes | $10,449 |
| Fees for services: Management | $32,580 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $29,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,779 |
| Advertising and promotion | $605 |
| Office expenses | $32,440 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,884 |
| Travel | $902 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,162 |
| Interest | $114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,796 |
| Insurance | $16,342 |
| All other expenses | $0 |
| Total functional expenses | $468,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,524 |
| Net Land, buildings, and equipment | $3,459,756 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,842 |
| Total assets | $3,577,700 |
| Accounts payable and accrued expenses | $4,190 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $15,539 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,748,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,768,529 |
| Net assets without donor restrictions | -$1,190,829 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,577,700 |
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|---|---|---|
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Bonita Springs Retirement Village Inc Gainesville, FL | $109,847,615 | $18,938,390 |
Federation Gulfstream Housing Inc Boca Raton, FL | $0 | $28,667,255 |
Redstone Military Retirement Residence Association Huntsville, AL | $75,839,783 | $19,548,176 |
Concordia Of Florida Inc Tampa, FL | $31,059,059 | $25,497,159 |
St Andrews Residence Of The Diocese Of Southeast Florida Inc West Palm Beach, FL | $295,539 | $24,065,641 |
Lavender Mountain Senior Living Inc Mount Berry, GA | $141,195,331 | $5,176,789 |
Westminster Pines Inc Orlando, FL | $103,132,021 | $15,458,662 |
Skidaway Health And Living Services Inc Savannah, GA | $89,340,251 | $17,567,308 |
Palm Shores Retirement Community Inc Orlando, FL | $37,421,751 | $16,521,390 |
St George Village-Catholic Community Retirement Center Roswell, GA | $71,436,640 | $13,654,810 |