Serving Hands Community Development Corporation FY2020 filing

Tax-deductible

Miami, FL501(c)(3)Community DevelopmentEIN 82-4730273Revenue $995K in FY2020

On file with the IRS500 Nw 2nd Ave Unit 11335, 33101-0196 · Miami, FLTax-exempt since Jul 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Serving Hands Community mission is to create affordable and attainable housing for those less fortunate in the under severed communities

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $308K a year · 22% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7.9M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$995K
Spent
$902K
To programs
100%
Net assets
$903K
By yearFY2020–FY2024
Revenue
$995K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$995K
FY2021$984K
FY2022$2.4M
FY2023$937K
FY2024$1.5M
Expenses
$902K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$902K
FY2021$1.6M
FY2022$1.6M
FY2023$1.9M
FY2024$2.5M
Net assets
$903K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$903K
FY2021$309K
FY2022$1.2M
FY2023$372K
FY2024−$576K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2019.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $902K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
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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

Builds affordable housing for underserved communities.

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Provided by the organization

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1 program · $902K · in their own filed words · FY2020
01

The organization has provided programs ans services to the local community in the area of housing and community DEVELOPMENT.ALSO it has provided in 2018 supported resources to individuals, families and groups for the purpose of economic development

$902Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$995K
Ln 12
Other incomeLn 4–11$539K
Gifts and grantsLn 1h$456K
Money outPt IX
$902K
Ln 25
Programscol B$902K
Owns and owesPt X
$903K
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$8.8M
LiabilitiesLn 26$7.9M
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$456K
Other incomeLn 4–11$539K
Total revenueLn 12$995K
Assets in detailPt X, end of year
CashLn 1$41K
SavingsLn 2$388
Cash and savings togetherLn 1–2$41K
Land, buildings, equipmentLn 10c$8.7M
Total assetsLn 16$8.8M
LiabilitiesLn 26$7.9M
Net assetsLn 32$903K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$146K$41K
Land, buildings, equipmentLn 10c$7.3M$8.7M
Total assetsLn 16$8.4M$8.8M
LiabilitiesLn 26$7.6M$7.9M
Net assetsLn 32$810K$903K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$40K$40K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$105K$105K
Advertising and promotionLn 12$19K$19K
Office expensesLn 13$43K$43K
Information technologyLn 14$4K$4K
OccupancyLn 16$18K$18K
TravelLn 17$19K$19K
InterestLn 20$211K$211K
Depreciation, depletion and amortizationLn 22$122K$122K
InsuranceLn 23$68K$68K
Other expenses (24a–d)Ln 24$91K$91K
All other expensesLn 24e$155K$155K
Total functional expensesLn 25$902K$902K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$2.5M−$948K−$576K 990 PDF
FY2023 $937K$1.9M−$938K$372K 990 PDF
FY2022 $2.4M$1.6M$845K$1.2M 990 PDF
FY2021 $984K$1.6M−$594K$309K 990 PDF
FY2020 Viewing $995K$902K$93K$903K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $994,799 revenue, 12 lines filed
I-8 Contributions and grants$455,600
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$539,199
I-12 Total revenue$994,799
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$901,812
I-18 Total expenses$901,812
I-19 Revenue less expenses$92,987
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $994,799 across 4 lines filed
VIII-1f All other contributions, gifts and grants$455,600
VIII-1h Total contributions, gifts and grants$455,600
VIII-6 Net rental income or lossRelated to mission $539,199$539,199
VIII-12 Total revenueRelated to mission $539,199 · Unrelated business $0 · Excluded from tax $0$994,799
Part IX · Statement of functional expenses $901,812 across 14 lines filed
IX-11a Management feesPrograms $40,211$40,211
IX-11b Legal feesPrograms $3,500$3,500
IX-11c Accounting feesPrograms $5,000$5,000
IX-11g Other fees for servicesPrograms $104,828$104,828
IX-12 Advertising and promotionPrograms $19,483$19,483
IX-13 Office expensesPrograms $43,386$43,386
IX-14 Information technologyPrograms $3,500$3,500
IX-16 OccupancyPrograms $18,000$18,000
IX-17 TravelPrograms $18,806$18,806
IX-20 InterestPrograms $210,636$210,636
IX-22 Depreciation, depletion and amortizationPrograms $121,656$121,656
IX-23 InsurancePrograms $67,588$67,588
IX-24 Other expenses (24a–d)Programs $90,685$90,685
IX-24e All other expensesPrograms $154,533$154,533
IX-25 Total functional expensesPrograms $901,812 · Management $0 · Fundraising $0$901,812
Part X · Balance sheet $8,755,232 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $146,378$40,649
X-2 Savings and temporary cash investmentsStart of year $88$388
X-4 Accounts receivable$13,395
X-10c Land, buildings and equipment, netStart of year $7,343,235$8,700,800
X-16 Total assetsStart of year $8,384,736$8,755,232
X-24 Unsecured notes and loans payableStart of year $3,693,048$4,058,561
X-25 Other liabilitiesStart of year $55,190$73,138
X-26 Total liabilitiesStart of year $7,575,190$7,852,699
X-27 Net assets without donor restrictionsStart of year $809,546$902,533
X-32 Total net assets or fund balancesStart of year $809,546$902,533
X-33 Total liabilities and net assetsStart of year $8,384,736$8,755,232
Part XI · Reconciliation of net assets $902,533 net assets at year end
XI-1 Total revenue$994,799
XI-2 Total expenses$901,812
XI-3 Revenue less expenses$92,987
XI-4 Net assets at start of year$809,546
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$902,533

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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