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Serving Hands Community Development Corporation FY2021 filing

Tax-deductible

Miami, FL501(c)(3)Community Development EIN 82-4730273Revenue $984K in FY2021

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

FY2021 · 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
Plus $571K in investments, Pt X · Ln 11–13
Fine: 0.7 months of spending in cash, plus $571K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$14.3M
98% of total assets
Concern: liabilities are 98% 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
$984K
-1% vs prior year
Spent
$1.6M
To programs
100%
Net assets
$309K
By yearFY2020–FY2024
Revenue
$984K
FY2021▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$995K
FY2021$984K
FY2022$2.4M
FY2023$937K
FY2024$1.5M
Expenses
$1.6M
FY2021▲ +75%
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
$309K
FY2021▼ -66%
Tap a bar for its year
Net assets by fiscal year
FY2020$903K
FY2021$309K
FY2022$1.2M
FY2023$372K
FY2024−$576K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 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% · $1.6M

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
Aaron Jordan
Chairman
$0Pt VII · Sec A
See Serving Hands Community Development Corporation 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

Builds affordable housing for underserved communities.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2021
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

$1.6Mprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$984K
Ln 12
Other incomeLn 4–11$644K
Gifts and grantsLn 1h$336K
Investment incomeLn 3$4K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.6M
Owns and owesPt X
$309K
net assets · Ln 32
Cash and savingsLn 1–2$87K
Total assetsLn 16$14.6M
LiabilitiesLn 26$14.3M
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$336K
Investment incomeLn 3$4K
Other incomeLn 4–11$644K
Gains on assetsLn 7$4K
Total revenueLn 12$984K
Assets in detailPt X, end of year
CashLn 1$86K
SavingsLn 2$388
Cash and savings togetherLn 1–2$87K
InvestmentsLn 11–13$571K
Land, buildings, equipmentLn 10c$10.5M
Other assetsLn 15$3.5M
Total assetsLn 16$14.6M
LiabilitiesLn 26$14.3M
Net assetsLn 32$309K
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 FY21End FY21
Cash and savingsLn 1–2$41K$87K
InvestmentsLn 11–13$571K
Land, buildings, equipmentLn 10c$8.7M$10.5M
Total assetsLn 16$8.8M$14.6M
LiabilitiesLn 26$7.9M$14.3M
Net assetsLn 32$903K$309K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$39K$39K
Legal feesLn 11b$47K$47K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$61K$61K
Advertising and promotionLn 12$20K$20K
Office expensesLn 13$89K$89K
OccupancyLn 16$67K$67K
TravelLn 17$31K$31K
InterestLn 20$274K$274K
Depreciation, depletion and amortizationLn 22$264K$264K
InsuranceLn 23$173K$173K
Other expenses (24a–d)Ln 24$330K$330K
All other expensesLn 24e$174K$174K
Total functional expensesLn 25$1.6M$1.6M$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 Viewing $984K$1.6M−$594K$309K 990 PDF
FY2020 $995K$902K$93K$903K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $984,088 revenue, 12 lines filed
I-8 Contributions and grants$335,579
I-9 Program service revenue$0
I-10 Investment income$4,500
I-11 Other revenue$644,009
I-12 Total revenue$984,088
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$1,577,927
I-18 Total expenses$1,577,927
I-19 Revenue less expenses−$593,839
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 $984,088 across 5 lines filed
VIII-1f All other contributions, gifts and grants$335,579
VIII-1h Total contributions, gifts and grants$335,579
VIII-6 Net rental income or lossRelated to mission $644,009$644,009
VIII-7 Net gain or loss on sales of assetsUnrelated business $4,500$4,500
VIII-12 Total revenueRelated to mission $644,009 · Unrelated business $4,500 · Excluded from tax $0$984,088
Part IX · Statement of functional expenses $1,577,927 across 13 lines filed
IX-11a Management feesPrograms $38,793$38,793
IX-11b Legal feesPrograms $47,000$47,000
IX-11c Accounting feesPrograms $10,500$10,500
IX-11g Other fees for servicesPrograms $61,316$61,316
IX-12 Advertising and promotionPrograms $19,666$19,666
IX-13 Office expensesPrograms $88,564$88,564
IX-16 OccupancyPrograms $67,147$67,147
IX-17 TravelPrograms $31,038$31,038
IX-20 InterestPrograms $273,585$273,585
IX-22 Depreciation, depletion and amortizationPrograms $263,921$263,921
IX-23 InsurancePrograms $173,054$173,054
IX-24 Other expenses (24a–d)Programs $329,837$329,837
IX-24e All other expensesPrograms $173,506$173,506
IX-25 Total functional expensesPrograms $1,577,927 · Management $0 · Fundraising $0$1,577,927
Part X · Balance sheet $14,647,336 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $40,649$86,126
X-2 Savings and temporary cash investmentsStart of year $388$388
X-10c Land, buildings and equipment, netStart of year $8,700,800$10,538,294
X-11 Publicly traded securities$571,203
X-15 Other assets$3,451,325
X-16 Total assetsStart of year $8,755,232$14,647,336
X-24 Unsecured notes and loans payableStart of year $4,058,561$5,331,185
X-25 Other liabilitiesStart of year $73,138$73,936
X-26 Total liabilitiesStart of year $7,852,699$14,338,642
X-27 Net assets without donor restrictionsStart of year $902,533$308,694
X-32 Total net assets or fund balancesStart of year $902,533$308,694
X-33 Total liabilities and net assetsStart of year $8,755,232$14,647,336
Part XI · Reconciliation of net assets $308,694 net assets at year end
XI-1 Total revenue$984,088
XI-2 Total expenses$1,577,927
XI-3 Revenue less expenses−$593,839
XI-4 Net assets at start of year$902,533
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$308,694

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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