Town Square Neighborhood Development

Miami, FLUnknown exempt organization EIN 45-3056903Revenue $305K in FY2023

On file with the IRS1300 Biscayne Boulevard · Miami, FL

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The organization was created to provide a broad source of community support for the enhancement, Development, and improvement of the south florida community.

43¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $52K a year · 19% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Named funders
2
named funders · $190K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$305K
+25% vs prior year
Spent
$331K
To programs
43%
Net assets
$0
By yearFY2021–FY2023
Revenue
$305K
FY2023▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2021$157K
FY2022$244K
FY2023$305K
Expenses
$331K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$322K
FY2023$331K
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$104K
FY2022$26K
FY2023$0

From the FY2023 Form 990 (year ending September 2023) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

43 cents of each dollar spent went to programs.

Program services 43% · $144K Management & general 57% · $187K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chair Until 9/2023
$0Pt VII · Sec A
Treasurer Until 9/2023
$0Pt VII · Sec A
Secretary Until 5/2023
$0Pt VII · Sec A
Director Until 9/2023
$0Pt VII · Sec A
Director Until 9/2023
$0Pt VII · Sec A
Director Until 9/2023
$0Pt VII · Sec A
Vice Chair Until 9/2023
$0Pt VII · Sec A
Director Until 9/2023
$0Pt VII · Sec A
See Town Square Neighborhood Development executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enhances, develops, and improves South Florida through broad community support.

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Provided by the organization

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1 program · $144K · in their own filed words · FY2022
01

Underdeck Project

The 33-ACRE public open space under the reconstructed I-395, signature bridge, which will serve as a multi-purpose green space connecting overtown in the west to biscayne bay in the east.

$144Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$190K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$305K
Ln 12
Gifts and grantsLn 1h$305K
Investment incomeLn 3$307
Money outPt IX
$331K
Ln 25
Programscol B$144K
Managementcol C$187K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$305K
Investment incomeLn 3$307
Total revenueLn 12$305K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$128K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$128K$0
LiabilitiesLn 26$102K$0
Net assetsLn 32$26K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$8K$8K
Other fees for servicesLn 11g$222K$144K$78K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$100K$100K
Total functional expensesLn 25$331K$144K$187K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $305K$331K−$26K$0 990 PDF
FY2022 $244K$322K−$78K$26K 990 PDF
FY2021 $157K$104K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $305,307 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $243,500$305,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $407$307
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $243,907$305,307
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $322,390$331,310
I-18 Total expensesPrior year $322,390$331,310
I-19 Revenue less expensesPrior year −$78,483−$26,003
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $305,307 across 4 lines filed
VIII-1f All other contributions, gifts and grants$305,000
VIII-1h Total contributions, gifts and grants$305,000
VIII-3 Investment incomeExcluded from tax $307$307
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $307$305,307
Part IX · Statement of functional expenses $331,310 across 4 lines filed
IX-11b Legal feesManagement $7,700$7,700
IX-11g Other fees for servicesPrograms $143,975 · Management $77,978$221,953
IX-23 InsuranceManagement $1,657$1,657
IX-24 Other expenses (24a–d)Management $100,000$100,000
IX-25 Total functional expensesPrograms $143,975 · Management $187,335 · Fundraising $0$331,310
Part X · Balance sheet $0 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $127,713$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $127,713$0
X-17 Accounts payable and accrued expensesStart of year $1,710$0
X-19 Deferred revenueStart of year $100,000$0
X-26 Total liabilitiesStart of year $101,710$0
X-27 Net assets without donor restrictionsStart of year −$79,777$0
X-28 Net assets with donor restrictionsStart of year $105,780$0
X-32 Total net assets or fund balancesStart of year $26,003$0
X-33 Total liabilities and net assetsStart of year $127,713$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$305,307
XI-2 Total expenses$331,310
XI-3 Revenue less expenses−$26,003
XI-4 Net assets at start of year$26,003
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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