BELLA VISTA AT NORMANDY ISLES CONDOMINIUM ASSOCIATION INC

EIN: 371623560

Miami, FL

Total Revenue
$61,910
Total Expenses
$90,096
Total Assets
$13,648
Net Assets
$-16,140
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
FL
Principal Officer
Mark Perez
Phone
3056497325
Tax Period
2020-01-01 to 2020-12-31

BELLA VISTA AT NORMANDY ISLES CONDOMINIUM ASSOCIATION INC, founded in 2006, is a micro nonprofit that reported $62K in total revenue in fiscal year 2020. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO MAINTAIN, OPERATE AND MANAGE THE CONDOMINIUM AND TO OPERATE, LEASE, TRADE, SELL AND OTHERWISE DEAL WITH THE PERSONAL AND REAL PROPERTY HEREOF

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $61,910
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $61,910

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $90,096
TOTAL EXPENSES $90,096

Year-over-Year Comparison

2020 2019 Change
Revenue $61,910 $101,109 -0.4%
Expenses $90,096 $69,879 +0.3%
Net Income $-28,186 $31,230 -1.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Perez President 10
Officer
$0 $0 $0
Robert Waechter Vice President 5
Officer
$0 $0 $0
Elena Pernas Treasurer 5
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $61,910 $90,096 $13,648 $-28,186
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