Allapattah Business Development Authority Inc
- Assets
- $636.6k
- Revenue
- $535.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Miami, FL
- Founding
- 09/1989
- Data as of
- 09/2021
- EIN
- 59-2289231
Organization Overview
Allapattah Business Development Authority Inc is located in Miami, FL. The organization was established in 1989. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Allapattah Business Development Authority Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allapattah Business Development Authority 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 09/2021, Allapattah Business Development Authority Inc generated $535.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $582.1k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 6 years. 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
IMPROVE DISTRICT 1 CITY OF MIAMI FL. PROMOTE BUSINESS IN THE CITY OF MIAMI, FL - COMMERCIAL FACADE REHABILITATION. DEVELOP AND ADMINISTER AFFORDABLE HOUSING UNITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT OF DISTRICT I INCLUDES THE COMMERCIAL FACADE PROGRAM IN LOW TO MODERATE INCOME NEIGHBORHOODS.
PERFORM QUALITY STANDARDS INSPECTIONS FOR THE CITY OF MIAMI ON HOUSING RENTAL UNITS RECEIVING SECTION 8 VOUCHERS ASSISTANCE.
HOPWA -HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xiomara Pacheco Executive Director | Officer | 35 | $51,378 |
Angel Gonzalez Chairman | Officer | 1 | $0 |
Guillermo Novo Treasurer And Vice-Chair | Officer | 0.5 | $0 |
Rodovaldo Valdes Secretary | Officer | 1 | $0 |
Ramon Gonzalez Vice Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $440,685 |
| 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 | $440,685 |
| Total Program Service Revenue | $68,009 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,040 |
| 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 | $535,734 |
| 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. | $52,786 |
| Compensation of current officers, directors, key employees. | $6,334 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,804 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,756 |
| Payroll taxes | $7,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,137 |
| Information technology | $7,253 |
| Royalties | $0 |
| Occupancy | $8,884 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,591 |
| All other expenses | $375 |
| Total functional expenses | $582,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,580 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $57,633 |
| 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 | $0 |
| Net Land, buildings, and equipment | $369,611 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,788 |
| Total assets | $636,612 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,111 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $279,383 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $252,296 |
| Total liabilities | $539,790 |
| Net assets without donor restrictions | $96,822 |
| 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 | $636,612 |
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