HEALTH FOUNDATION OF SOUTH FLORIDA INC

EIN: 650005384 501(c)(3)

MIAMI, FL

Total Revenue
$1,912,554
Total Expenses
$1,209,992
Total Assets
$26,759,621
Net Assets
$24,758,517
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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
FL
Principal Officer
LOREEN CHANT
Phone
3053747200
Tax Period
2023-01-01 to 2023-12-31

HEALTH FOUNDATION OF SOUTH FLORIDA INC, founded in 1993, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 373% from the prior year, signaling strong growth momentum. The organization ran a surplus of $703K, a strong 37% operating margin.

Mission

THE MISSION OF HEALTH FOUNDATION OF SOUTH FLORIDA IS TO INVEST IN AND BE A CATALYST FOR COLLABORATIONS, POLICY AND SYSTEMS CHANGE THAT IMPROVES THE HEALTH OF SOUTH FLORIDA COMMUNITIES, WITH A FOCUS ON VULNERABLE, LOW TO MODERATE-INCOME POPULATIONS.

Program Service Accomplishments

Program 1
Expenses: $252,298

STRATEGIC AND RESPONSIVE GRANTS: THE FOUNDATION'S STRATEGIC GRANT MAKING GOALS INCLUDE: ACCESS TO CARE, INTEGRATION OF HEALTH AND SOCIAL NEEDS AND FOSTERING THRIVING COMMUNITIES. THIS INCLUDES...

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STRATEGIC AND RESPONSIVE GRANTS: THE FOUNDATION'S STRATEGIC GRANT MAKING GOALS INCLUDE: ACCESS TO CARE, INTEGRATION OF HEALTH AND SOCIAL NEEDS AND FOSTERING THRIVING COMMUNITIES. THIS INCLUDES INCREASING ACCESS TO ROUTINE AND PREVENTIVE MEDICAL CARE; REDUCING HEALTH DISPARITIES BY ADVANCING A COLLABORATIVE SYSTEM ACROSS SECTORS THAT ENABLES AND FACILITATES THE INTEGRATION OF SOCIAL NEEDS AND HEALTH CARE; AND IMPROVING THE SOCIAL AND ECONOMIC CONDITIONS THAT PROMOTE PHYSICAL, MENTAL AND EMOTIONAL WELL-BEING. THESE GRANTS CAN INCLUDE FUNDING IN EXCESS OF ONE YEAR.

Program 2
Expenses: $9,723

ADMINISTRATIVE GRANTS: THESE GRANTS SUPPORT SMALLER PROJECTS UP TO $50,000 THAT TYPICALLY LAST ONE YEAR OR LESS. THE PROCESS FOR APPLYING IS LESS FORMAL AND AN ADMINISTRATIVE GRANT MAY ALSO BE...

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ADMINISTRATIVE GRANTS: THESE GRANTS SUPPORT SMALLER PROJECTS UP TO $50,000 THAT TYPICALLY LAST ONE YEAR OR LESS. THE PROCESS FOR APPLYING IS LESS FORMAL AND AN ADMINISTRATIVE GRANT MAY ALSO BE AWARDED TO PROVIDE "BRIDGE" FUNDING FOR A RESPONSIVE GRANT, FUND SPECIAL PROJECTS, PLANNING GRANTS, AND SMALL EMERGENCY GRANTS.

Program 3
Expenses: $9,723

OTHER PROGRAMS: THE FOUNDATION SUPPORTS INITIATIVES AND PROGRAMS ALIGNED WITH ITS MISSION AND STRATEGIC GOALS INCLUDING THE SOUTH FLORIDA ANCHOR ALLIANCE, THE BLACK HEALTH SUMMIT COMMUNITY...

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OTHER PROGRAMS: THE FOUNDATION SUPPORTS INITIATIVES AND PROGRAMS ALIGNED WITH ITS MISSION AND STRATEGIC GOALS INCLUDING THE SOUTH FLORIDA ANCHOR ALLIANCE, THE BLACK HEALTH SUMMIT COMMUNITY SPONSORSHIPS AND SCHOLARSHIP SUPPORT FOR NURSING AND ALLIED HEALTH PROGRAMS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $69,500
Program Service Revenue $0
Investment Income $1,817,285
Other Revenue $25,769
TOTAL REVENUE $1,912,554

Expense Breakdown

Grants Paid $0
Salaries & Benefits $251,369
Fundraising Expenses $0
Program Expenses $271,744
Other Expenses $958,623
TOTAL EXPENSES $1,209,992

Year-over-Year Comparison

2023 2022 Change
Revenue $1,912,554 $403,953 +3.7%
Expenses $1,209,992 $692,215 +0.7%
Net Income $702,562 $-288,262 -3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
11
Volunteers
11

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
6
$595,027
Total Directors
12
$0
Key Employees
1
$240,249
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DE LUCCA CHAIRMAN 0.50
Officer Director
$0 $0 $0
BARBARA FONTE VICE-CHAIRWOMAN 0.50
Officer Director
$0 $0 $0
NELSON ADAMS BOARD MEMBER 0.50
Director
$0 $0 $0
CAROL FINE BOARD MEMBER 0.50
Director
$0 $0 $0
CARALINE COATS BOARD MEMBER 0.50
Director
$0 $0 $0
RYAN STUMPHAUZER BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL GOLD BOARD MEMBER 0.50
Director
$0 $0 $0
DIONNE WONG SECRETARY 0.50
Officer Director
$0 $0 $0
JOSE LINARES BOARD MEMBER 0.50
Director
$0 $0 $0
J EVERETT WILSON TREASURER 0.50
Officer Director
$0 $0 $0
MELIDA AKITI BOARD MEMBER 0.50
Director
$0 $0 $0
INES HERNANDEZ BOARD MEMBER UNTIL 2/2023 0.50
Director
$0 $0 $0
LOREEN CHANT PRESIDENT/CEO 6.00
Officer
$48,853 $25,743 $351,429
ALECIA DILLON CFO 6.00
Officer
$33,835 $18,030 $243,598
JANISSE SCHOEPP CSO 6.00
Key Emp
$33,344 $17,954 $240,249
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
2024 No data No data No data No data
2023 $1,912,554 $1,209,992 $26,759,621 $702,562
2023 $1,912,554 $1,209,992 $26,759,621 $702,562
2022 $403,953 $692,215 $29,185,968 $-288,262
2021 $2,390,756 $1,648,343 $30,134,723 $742,413
2020 $1,831,810 $1,421,469 $25,732,336 $410,341
2019 $1,555,014 $1,199,425 $23,201,024 $355,589
2018 $1,730,289 $1,430,702 $19,691,647 $299,587
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