ECONOMIC DEVELOPMENT COUNCIL OF SOUTH MIAMI-DADE INC Charity Report

Public IRS 990 nonprofit record

ECONOMIC DEVELOPMENT COUNCIL OF SOUTH MIAMI-DADE INC

EIN 65-0407832 · Homeowners & Tenants Associations (L50)

What they do

The Economic Development Council of South Miami-Dade Inc. EDC Provides Support and Advocacy to Existing and Prospective Businesses and Promotes Initiatives Which Bolster The Regions Resiliency and Sustainability.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders9 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

63.19%of revenue went to mission work89.3% of expenses · Program services

$595.45spent for every $100 of revenueSpending was higher than revenue this year.

7.51%of revenue went to management and office costs10.6% of expenses

$0.35in assets for every $1 spent this yearSome assets cannot be spent right away.

841.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $248,485 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$421,953

Mission workProgram services$266,64763.19% of revenue89.3% of expenses

ManagementOffice and general costs$31,6917.51% of revenue10.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$123,31529.22% of revenueShown in gray on the chart

Total expenses$298,63870.78% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 89.3% mission · 10.6% management · 0.0% fundraisingTotal expenses: 70.78% of revenue

2022Expense mix: 53.1% mission · 46.9% management · 0.0% fundraisingTotal expenses: 83.67% of revenue

2021Expense mix: 84.1% mission · 15.7% management · 0.0% fundraisingTotal expenses: 61.41% of revenue

2020Expense mix: 85.5% mission · 12.7% management · 1.8% fundraisingTotal expenses: 142.21% of revenue

2019Expense mix: 89.2% mission · 10.8% management · 0.0% fundraisingTotal expenses: 73.30% of revenue

Money in and money out

Revenue$50,153

Expenses$298,638

Annual shortfall $248,485 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$266,647 · 89.3% of expenses

Management and office costs$31,691 · 10.6% of expenses

See all reported dollar amounts

Revenue$50,153

Expenses$298,638

Assets$104,518

Income$50,153

Contributions$421,953

Mission work (program services)$266,647

Management and general$31,691

Accounting fees$7,229

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (9)

BALDWYN ENGLISHDIRECTOR

DR TANIA ACOSTADIRECTOR

KENNETH SPELLDIRECTOR

LISA GREERCHAIR

MATTHEW ROCCODIRECTOR

RICHARD CANDIADIRECTOR

RICHARD MILLERDIRECTOR

SIOUX DEPASSSECRETARY TREASURER

WILBUR BELLDIRECTOR

About this charity

Recognized since: January 1994
Location: 9555 SW 175TH TER PMB 637, PALMETTO BAY, FL 33157-5604
County: Miami-Dade
In care of: % LISA GREER
Primary officer: Lisa Greer, Board Chair

How to reach them

Phone(305) 378-9470

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: KILGOUR & ASSOCIATES LLC
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations