Miami Homes For All Inc
- Assets
- $9.8m
- Revenue
- $838.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Miami, FL
- Founding
- 04/2016
- Data as of
- 06/2024
- EIN
- 59-2521237
Organization Overview
Miami Homes For All Inc is located in Miami, FL. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2024, Miami Homes For All Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami Homes For All 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 06/2024, Miami Homes For All Inc generated $838.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $1.9m during the year ending 06/2024. While expenses have increased by 15.2% per year over the past 8 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.
Since 2015, Miami Homes For All Inc has awarded 34 individual grants totaling $722,481. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
MIAMI HOMES FOR ALL'S MISSION IS TO ENSURE THAT EVERYONE IN MIAMI-DADE HAS A SAFE, AFFORDABLE PLACE TO CALL HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1985, MIAMI HOMES FOR ALL'S MISSION IS THAT EVERYONE IN MIAMI-DADE HAS A SAFE, AFFORDABLE PLACE TO CALL HOME. OUR OVERARCHING OBJECTIVE IS TO CHANGE THE SYSTEMS THAT AFFECT THE ENTIRE AFFORDABLE HOUSING ECOSYSTEM. OUR GOALS ARE TO RESEARCH POLICIES AND BEST PRACTICES THAT INCREASE AFFORDABLE HOUSING DEVELOPMENT AND RESIDENT ACCESS TO IT; ENGAGE STAKEHOLDERS IN DIALOGUE TO INFLUENCE SYSTEMIC CHANGE; BUILD COALITIONS AROUND MEANINGFUL ACTION; PILOT INNOVATIVE SOLUTIONS; AND ADVOCATE FOR PUBLIC POLICY. MHFA HAS A TRACK RECORD OF CONTINUOUSLY ACHIEVING THESE GOALS. RECENT HIGHLIGHTS INCLUDE: PUBLISHED MIAMI-DADE AFFORDABLE HOUSING FRAMEWORK IN 2020, FORMALLY ACCEPTED BY THE MIAMI-DADE COUNTY COMMISSION IN 2022. SERVES AS BACKBONE TO THE GREATER MIAMI HOUSING ALLIANCE (FOUNDED IN 2020), A 100-MEMBER COALITION DEDICATED TO IMPLEMENTING THE PRIORITY RECOMMENDATIONS IN THE FRAMEWORK. SUCCESSFULLY ADVOCATED WITH THE GREATER MIAMI HOUSING ALLIANCE TO DOUBLE THE COUNTY BUDGET FOR AFFORDABLE HOUSING, TOTALING $85 MILLION DOLLARS, INCLUDING A 3X INCREASE FOR VERY LOW- AND EXTREMELY LOW-INCOME HOUSING. ADVOCATED FOR YOUTH-DEDICATED BEDS IN HOMELESS SHELTERS, INCREASING THE NUMBER OF BEDS FROM 200 IN 2019 TO 1200 IN 2022. PUSHED FOR EXTENSION OF EVICTION NOTICE PERIOD FROM 15 TO 60 DAYS. INFLUENCED PLANS FOR A 19-ACRE PARCEL TO INCLUDE AFFORDABLE HOUSING. PARTNERED WITH THE COUNTY IN THE EQUITABLE DISTRIBUTION OF $100 M IN RENTAL ASSISTANCE. INITIATED A PILOT PIPELINE OF SMALL MULTIFAMILY AFFORDABLE HOUSING DEALS. WE ARE PROVIDING TECHNICAL ASSISTANCE AND FUNDS TO BLACK AND HISPANIC DEVELOPERS AND PROPERTY OWNERS WITH $4M IN SUPPORT FROM JPMORGAN CHASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Lord Exective Director | Officer | 40 | $150,949 |
Ana Castilla President | Trustee | 5 | $0 |
Maria Cristina Barros Past-President | Trustee | 2 | $0 |
Janisse Schoepp Vice President | Trustee | 2 | $0 |
Alexander Binelo Treasurer | Trustee | 2 | $0 |
Hilda M Fernandez Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $728,671 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $728,671 |
| Total Program Service Revenue | $48,627 |
| Investment income | $237,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$176,510 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $838,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $311,000 |
| Grants and other assistance to domestic individuals. | $146,798 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,969 |
| Compensation of current officers, directors, key employees. | $62,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $522,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,671 |
| Payroll taxes | $51,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,126 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,722 |
| Fees for services: Other | $444,005 |
| Advertising and promotion | $0 |
| Office expenses | $26,826 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,714 |
| Travel | $9,703 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,704 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $437 |
| Insurance | $10,564 |
| All other expenses | $210 |
| Total functional expenses | $1,884,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $418,822 |
| Savings and temporary cash investments | $2,122,943 |
| Pledges and grants receivable | $181,074 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,682 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $255 |
| Investments—publicly traded securities | $7,027,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,755,549 |
| Accounts payable and accrued expenses | $65,549 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $65,549 |
| Net assets without donor restrictions | $6,561,619 |
| Net assets with donor restrictions | $3,128,381 |
| 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 | $9,755,549 |
Grants Awarded
Over the last fiscal year, Miami Homes For All Inc has awarded $115,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MIAMI FREEDOM PROJECT PURPOSE: To provide thought leadership and help implement the work plan, especially marketing and communications, of the Public Land for Public Good Coalition. | $15,000 |
BHP COMMUNITY LAND TRUST INC PURPOSE: Provide and preserve quality, sustainable, affordable housing for underserved populations in South Florida and is committed to ensuring that individuals and families - particularly low-income households. | $20,000 |
UNIVERSITY OF MIAMI PURPOSE: Lead a university-wide initiative that fosters campus-community collaboration by engaging the university's academic resources in the enrichment of civic and community life. | $10,000 |
TOUCHING MIAMI WITH LOVE PURPOSE: Implementation of the ground game for the 3Cs Initiative. | $35,000 |
LITTLE HAITI HOUSING ASSCOCIATION INC PURPOSE: Implementation of the ground game for the 3Cs Initiative | $35,000 |