Miami Homes for All Inc

Nonprofit profile at a glance

EIN
592521237
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Miami, FL, USA
Phone
3052092004
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$4,613,921
Expenses
$2,608,064
Assets
$12,131,719
Liabilities
$22,635

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • Janisse Schoepp (President)
  • Hilda M Fernandez (Vice President)
  • Ana Castilla (Past President)

Highest reported compensation

  • Anne Lord (Exective Director): $171,635 total reported compensation
  • Audrey Aradanas (Deputy Director): $107,212 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Miami Homes For All's mission is to ensure that everyone in Miami-Dade has a safe, affordable place to call home.

What it reported doing in 2024

Founded in 1985, Miami Homes For All's mission is that everyone in Miami-Dade has a safe, affordable place to call home. Our overarching objective is to change the systems that affect the entire affordable housing ecosystem. Our goals are to Research policies and best practices that increase affordable housing development and resident access to it; Engage stakeholders in dialogue to influence systemic change; Build coalitions around meaningful action; Pilot innovative solutions; and Advocate for public policy. MHFA has a track record of continuously achieving these goals. Recent highlights include: Published Miami-Dade Affordable Housing Framework in 2020, formally accepted by the Miami-Dade County Commission in 2022. Serves as backbone to the Greater Miami Housing Alliance (founded in 2020), a 100-member coalition dedicated to implementing the priority recommendations in the Framework. Successfully advocated with the Greater Miami Housing Alliance to double the county budget for affordable housing, totaling $85 million dollars, including a 3x increase for very low- and extremely low-income housing. Advocated for youth-dedicated beds in homeless shelters, increasing the number of beds from 200 in 2019 to 1200 in 2022. Pushed for extension of eviction notice period from 15 to 60 days. Influenced plans for a 19-acre parcel to include affordable housing. Partnered with the County in the equitable distribution of $100 M in rental assistance. Initiated a pilot pipeline of small multifamily affordable housing deals. We are providing technical assistance and funds to Black and Hispanic developers and property owners with $4M in support from JPMorgan Chase.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 61% for direct work, and 39% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 63
  • Accountability: 95
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 51.2%; rating input score 51
  • Program expense ratio: 82%; rating input score 82
  • Fundraising efficiency: $419.83 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 47.8%; rating input score 48; 15th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 43.5%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 4.65; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 10.7%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: 13.7% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 17.6% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 9.6% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 51.2% of revenue deployed · 82% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.1M in reported program spending
  • Leadership: top reported pay $172K · 14 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $278K reported
  • Consistency: 34 of 35 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • Moderate — Transparency & Controls: Grant itemization coverage scored 48/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 28/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.