MIAMI BAYSIDE FOUNDATION INC

MIAMI, FL | Miami-Dade County
Economic Development
MIAMI BAYSIDE FOUNDATION INC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

MIAMI BAYSIDE FOUNDATION INC
59-2834504
25 SE 2ND AVE STE 240
MIAMI, FL 33131
Miami-Dade County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • Majority Minority Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
B82

B - Educational Institutions

Scholarships & Student Financial Aid

Organizations that enable students who demonstrate financial need to obtain the financial assistance they require to meet their educational and living expenses while in school.

IRS Activity Codes info
405
Loans or grants for minority businesses
566
Job training, counseling, or assistance
402
Other activity aimed at combating community deterioration
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
-
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2017 $636,000 CDFI Financial Assistance open_in_new Miami Bayside Foundation Inc
2019 $225,000 CDFI Financial Assistance open_in_new Miami Bayside Foundation Inc
2020 $400,000 CDFI Financial Assistance open_in_new Miami Bayside Foundation Inc
2021 $525,000 CDFI Financial Assistance open_in_new Miami Bayside Foundation Inc
2021 $1,500,000 CDFI Rapid Response Program (COVID-19) open_in_new Miami Bayside Foundation Inc
2016 $125,000 CDFI Technical Assistance open_in_new Miami Bayside Foundation Inc

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$2.1M
Revenue
$2M
Assets
$8.9M

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
2012-02
Deductibility Status info
Deductible
Last Tax Filing info
2021
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of April 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

Nonprofit Location

Physical Address info
25 SE 2ND AVE STE 240
MIAMI, FL 33131
Miami-Dade County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
33124
MSA/MD info
12
State info
086
County info
0037.03
Tract info
Upper
Income Level info
Core-Based Statistical Area info
33100 - Miami-Fort Lauderdale-Pompano Beach, FL
Combined Statistical Area info
370 - Miami-Port St. Lucie-Fort Lauderdale, FL
Metropolitan Division info
33124 - Miami-Miami Beach-Kendall, FL
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 60.29%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0037.03 Miami-Dade County
Population
Total Population 2,919 2,690,113
Total Households 1,286 936,351
Income
Median Family Income (Census*) $144,076 $57,815
Median Family Income (2022 FFIEC est.) $68,300 $68,300
Tract Income Percentage 237.49% N/A
Below Poverty Level 7.2% 15.7%
Unemployment Level 1.6% 5.1%
Housing
Total Housing Units 1,903 1,064,991
Total Owner-Occupied Units 17.3% 51.9%
Total Renter-Occupied Units 50.3% 48.1%
Total Vacant Units 32.4% 7.1%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

13
Total Voting Members
in Governing Body info
13
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Kathleen Murphy
Executive Director
(305) 379-7070
Principal Officer info
Kathleen Murphy
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.