New World Center Foundation Inc.
New World Center Foundation Inc.
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About this organization
Revenue
$1,315,821
Expenses
$1,176,290
Mission
Assist the city of Miami, Florida and other civic bodies with the objective of eliminating community deterioration and fostering the renewal redevelopment and improvement of primarily the downtown area of Miami to promote the general welfare of the city.
About
The organization owns and operates a 130 unit affordable housing apartment building. Not less than 80 percent of the units therein are set aside for rental to very low-income persons or households whose incomes are 60 percent or less of the median annual gross income for Miami-Dade County, Florida, and 20 percent of the units in the project for rental to very low income persons or households or whose incomes are forty percent of the medium annual gross income for Miami-Dade County, Florida or less. In addition, 40 percent of 80 percent of the units are set aside for elderly persons.
Interesting data from their 2019 990 filing
The non-profit's aim, as stated in the filing, is “Assist the city of miami, florida and other civic bodies with the objective of eliminating community deterioration and fostering the renewal redevelopment and improvement of primarily the the downtown area of miami to promote the general welfare of the city.”.
When referring to its actions, they were outlined as: “Assist the city of miami, florida and other civic bodies with the objective of eliminating community deterioration and fostering the renewal redevelopment and improvement of primarily the the downtown area of miami to promote the general welfare of the city.”.
- The non-profit's address in 2019 is noted in the filing as 955 SW 2ND AVENUE, MIAMI, FL, 33130.
- The non-profit's form for 2019 reports a total of 1 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Provides credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $139,531.
- The CEO compensation package within the organization is not established through a review and approval by a neutral party.
- The organization has 5 independent voting members.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $253,216 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization has minutes of its meetings.
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