C N C Management Inc
- Assets
- $3.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 68
- Location
- Miami, FL
- Founding
- 03/1992
- Data as of
- 12/2023
- EIN
- 65-0230452
Organization Overview
C N C Management Inc is located in Miami, FL. The organization was established in 1992. 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 12/2023, C N C Management Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. C N C Management 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 12/2023, C N C Management Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 1.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES RENTAL MANAGEMENT AND RELATED SERVICES TO LOWER-INCOME, SENIOR CITIZENS HOUSING PROJECTS IN THE SOUTH FLORIDA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS AND ENCOURAGES THE MAINTENANCE, MANAGEMENT, AND FINANCIAL ADVICE OF 480 UNITS, LOW INCOME, SENIOR CITIZEN HOUSING PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guarione M Diaz Director | Officer | 20 | $96,357 |
Julio O Otazo President/director | Officer | 3 | $0 |
Marta Navarro Secretary/director | Officer | 35 | $168,286 |
Celia Suarez Treasurer/director | Officer | 3 | $0 |
Marielena Barreto CFO | 37.5 | $171,384 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,609,023 |
| Investment income | $609 |
| 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 | $1,609,632 |
| 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 | $896,316 |
| Pension plan accruals and contributions | $36,311 |
| Other employee benefits | $108,572 |
| Payroll taxes | $58,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,900 |
| 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 | $29,263 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,206 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $246 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,540 |
| Insurance | $23,143 |
| All other expenses | $9,906 |
| Total functional expenses | $1,319,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,407 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,718,566 |
| 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 | $12,148 |
| Net Land, buildings, and equipment | $15,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $230,431 |
| Other assets | $955 |
| Total assets | $3,252,757 |
| Accounts payable and accrued expenses | $78,847 |
| 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 | $231,569 |
| Total liabilities | $310,416 |
| Net assets without donor restrictions | $2,942,341 |
| 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 | $3,252,757 |