ADES FAMILY FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- ADES FAMILY FOUNDATION INC (EIN 85-2853438)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2023-01-12
- IRS object ID
- 202300129349100600
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Land Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-01-12T07:34:37-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERKOWITZ POLLACK BRANT | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 S BISCAYNE BLVD 7th FL | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33131 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 852853438 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ades Family Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % DANIEL ADES | InCareOfNm |
| Business Name Control | ADES | BusinessNameControlTxt |
| Phone | 3055605200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21500 Biscayne Blvd Suite 700 | AddressLine1Txt |
| City | Aventura | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33180 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Daniel Ades | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 3055605200 | PhoneNum |
| Signature | 2023-01-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Daniel | PersonFirstNm |
| Person Last | Ades | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Adam Cohen CPA | PreparerPersonNm |
| PTIN | P00541985 | PTIN |
| Phone | 3053797000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-03-07 01:45:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $15,519,198 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $8,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $95,431 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $95,431 | InterestOnSavNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $13,004 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $13,004 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $13,004 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $223,719 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $834,119 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $223,719 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $5,550 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $8,337,704 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $332,154 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $27,143 | OthEmplSlrsWgsRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $66,866 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $33,771 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $33,771 | OtherProfFeesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $26,077 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $5,700 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $20,377 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $153,857 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $5,700 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $54,148 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $66,742 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $66,742 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $220,599 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $5,700 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $120,890 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $8,117,105 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $326,454 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,846,470 | CashBOYAmt |
| Cash EOY | $4,108,768 | CashEOYAmt |
| Cash EOYFMV | $4,108,768 | CashEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $3,718,863 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $3,760,025 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $7,615,405 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $5,454,800 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $7,615,405 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $7,615,405 | LandBldgInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $35,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $35,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $7,301,270 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,478,036 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $15,519,198 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $0 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $58,295 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $3,831 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $0 | DeferredRevenueEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $4,400 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $3,831 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $62,695 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $7,297,439 | RetainedEarningBOYAmt |
| Retained Earning EOY | $15,415,341 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $7,297,439 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $15,415,341 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $7,301,270 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $15,478,036 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $7,297,439 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $8,117,105 | ExcessRevenueOverExpensesAmt |
| Other Increases | $797 | OtherIncreasesAmt |
| Subtotal | $15,415,341 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $15,415,341 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | CANAL CTR ALEXNADRIA VA | PropertyDesc |
| Acquired | 2021-09-14 | AcquiredDt |
| Sold | 2021-10-22 | SoldDt |
| Gross Sales Price | $834,119 | GrossSalesPriceAmt |
| Cost Or Other Basis | $610,400 | CostOrOtherBasisAmt |
| Gain Or Loss | $223,719 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $223,719 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $223,719 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,538 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $4,538 | SubtotalAmt |
| Tax Based On Investment Income | $4,538 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $3,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $3,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $109 | EsPenaltyAmt |
| Tax Due | $1,647 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DANIEL ADES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3055605200 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21500 BISCAYNE BLVD STE 700 | AddressLine1Txt |
| City | AVENTURA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33180 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Daniel Ades | ||||||||
| 21500 Biscayne Blvd | Aventura | FL | 33180 | President | 1.0 | $0 | $0 | $0 |
| Gisela Ades | ||||||||
| 21500 Biscayne Blvd | Aventura | FL | 33180 | Secretary | 1.0 | $0 | $0 | $0 |
| Carlos Felipe Lemos | ||||||||
| 21500 Biscayne Blvd | Aventura | FL | 33180 | Vice President | 1.0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | ACQUIRED AND MAINTAINED PROPERTY THAT WAS USED BY A SECTION 501 (C) (3) ORGANIZATION | Description1Txt |
| Expenses1 | $126,591 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | TWO PARCELS OF LAND | Description1Txt |
| Expenses1 | $2,200,000 | Expenses1Amt |
| Total | $2,200,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $289,233 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,841,250 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,130,483 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $4,130,483 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $61,957 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,068,526 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $203,426 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $203,426 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,538 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,538 | TotalTaxAmt |
| Distributable Before Adj | $198,888 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $198,888 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $198,888 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $120,890 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $2,200,000 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $2,320,890 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $198,888 | DistributableAsAdjustedAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $5,297,773 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $5,297,773 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,320,890 | QualifyingDistributionsAmt |
| Applied To Current Year | $198,888 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $2,122,002 | RemainingDistriFromCorpusAmt |
| Total Corpus | $7,419,775 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $7,419,775 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $5,297,773 | ExcessFromYear1Amt |
| Excess From Current Year | $2,122,002 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | DANIEL ADES | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Recipient RelationshipRecipientRelationshipTxt |
|---|---|---|---|---|---|---|---|
| Chabad Lubavitch of Cambridge | |||||||
| 38-40 Banks St | Cambridge | MA | 02138 | PC | Charitable | $5,400 | |
| Union of Orthodox - Teach FL | |||||||
| 450 N Park Road | Hollywood | FL | 33021 | PC | Charitable | $10,000 | |
| American Friends of LIBI | |||||||
| 45 Bartlett Crescent | Brookline | MA | 02446 | PC | Charitable | $50,000 | None |
| FL Philanthropic Network | |||||||
| 12191 W Linebaugh Ave Suite 626 | Tampa | FL | 33626 | PC | Charitable | $1,342 | NONE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $66,742 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $95,431 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Dividends And Interest From Sec Dtl | DividendsAndInterestFromSecDtl | |
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp |
Net Rental Income Personal Prop NetRentalIncomePersonalPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $13,004 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $223,719 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TAX REIMBURSEMENT | Desc |
| Related Or Exempt Function Incm | $5,550 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $332,154 | ExclusionAmt |
| Related Or Exempt Function Incm | $5,550 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $337,704 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Daniel Ades | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21500 Biscayne Blvd Ste 700 | AddressLine1Txt |
| City | Aventura | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33180 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $8,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (4 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Computation MethodComputationMethodTxt |
|---|---|---|---|
| LAND NW 8TH AVE | 2021-08-28 | $1,315,903 | L |
| LAND 95TH STREET | 2020-10-15 | $4,713,400 | L |
| LAND 96TH ST | 2020-10-15 | $651,400 | L |
| LAND NW 96 ST | 2021-03-15 | $934,703 | L |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (7 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| INVESTMENT IN BURNETT PLAZA | $900,500 | $900,063 |
| INVESTMENT IN CORP 500 | $364,636 | $364,656 |
| INVESTMENT IN FAIR LAKE | $437,796 | $437,774 |
| INVESTMENT IN HEATHROW | $290,769 | $290,779 |
| INVESTMENT IN WOOD 2021-1 | $384,786 | $384,750 |
| INVESTMENT IN WRCOG | $935,465 | $977,070 |
| INVESTMENT IN WTC NORFOLK | $404,911 | $404,933 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Book ValueBookValueAmt |
|---|---|---|
| LAND NW 8TH AVE | $1,315,903 | $1,315,903 |
| LAND 95TH STREET | $4,713,400 | $4,713,400 |
| LAND 96TH ST | $651,400 | $651,400 |
| LAND NW 96 ST | $934,703 | $934,703 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | BUSINESS LEGAL FEES | CategoryTxt |
| Legal Fees | $66,866 | LegalFeesAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEPOSIT FOR LAND:928 NW 96TH | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $35,000 | EOYBookValueAmt |
| EOYFMV | $35,000 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| BANK FEES | $943 | $943 | |
| BUSINESS EXPENSES | $878 | $878 | |
| MANAGEMENT FEES | $7,800 | $7,800 | |
| PROPERTY INSURANCE | $639 | $639 | |
| SOFTWARE | $167 | $167 | |
| EMPLOYEE TELEPHONE | $621 | $621 | |
| MEAL | $133 | $133 | |
| OFFICE EXPENSE | $1,659 | $1,659 | |
| WATER & SEWER | $6,931 | $6,931 | |
| MAINTENANCE | $5,700 | $5,700 | |
| DUES AND SUBSCRIPTIONS | $281 | $281 | |
| WORKERS COMP INSURANCE | $325 | $325 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Tax Reimbursement | Desc |
| Revenue And Expenses Per Books | $5,550 | RevenueAndExpensesPerBooksAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR YEAR ADJUSTMENT | Desc |
| Amt | $797 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| SECURITY DEPOSIT: PROPERTY 9528 NW 8TH AVE | $0 | $2,800 |
| LAST MONTH'S RENT : PROPERTY 9528 NW 8TH AVE | $0 | $1,600 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONSULTING FEES | CategoryTxt |
| Amt | $33,771 | Amt |
| Disbursements Charitable Prps | $33,771 | DisbursementsCharitablePrpsAmt |
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