YOUNG MEN'S CHRISTIAN ASSOCIATION OF SOUTH FLORIDA SUPPORT ORG INC

EIN: 842377944 501(c)(3) Philanthropy & Grantmaking

FORT LAUDERDALE, FL

Total Revenue
$142,023
Total Expenses
$890,416
Total Assets
$19,904,960
Net Assets
$-1,530,349
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
FL
Phone
9543349622
Tax Period
2024-01-01 to 2024-12-31

YOUNG MEN'S CHRISTIAN ASSOCIATION OF SOUTH FLORIDA SUPPORT ORG INC, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $142K in total revenue in fiscal year 2024. Expenses of $890K exceeded revenue, resulting in a 527% operating deficit.

Mission

YOUNG MEN'S CHRISTIAN ASSOCIATION SUPPORT ORGANIZATION, INC. ("YMCA SF SUPPORT ORGANIZATION") WAS FORMED FOR THE EXCLUSIVE PURPOSE TO ACQUIRE LAND AND TO DEVELOP, FINANCE, AND LEASE AND OPERATE A BUILDING ON THE LAND WHICH WILL INCLUDE THE NEW L.A. LEE YMCA FAMILY CENTER. ADDITIONALLY, THE YMCA SUPPORT ORG WAS CREATED TO FULFILL THE LEGAL REQUIREMENTS FOR FEDERAL AND STATE NEW MARKET TAX CREDIT FINANCINGS.

Program Service Accomplishments

Program 1
Expenses: $890,416 Revenue: $0

YMCA SUPPORT ORG, A FLORIDA NON-PROFIT CORPORATION HAS BEEN FORMED AS A SUPPORT ORGANIZATION FOR YOUNG MEN'S CHRISTIAN ASSOCIATION OF SOUTH FLORIDA, INC., A FLORIDA NON-PROFIT CORPORATION ("YMCA...

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YMCA SUPPORT ORG, A FLORIDA NON-PROFIT CORPORATION HAS BEEN FORMED AS A SUPPORT ORGANIZATION FOR YOUNG MEN'S CHRISTIAN ASSOCIATION OF SOUTH FLORIDA, INC., A FLORIDA NON-PROFIT CORPORATION ("YMCA SF"). YMCA SF IS AN ORGANIZATION EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). YMCA SF'S MISSION IS TO PUT JUDEO-CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL. YMCA SUPPORT ORG IS IN THE PROCESS OF CONSTRUCTING THE L.A. LEE YMCA/MIZELL COMMUNITY CENTER LOCATED AT 1409 SISTRUNK BOULEVARD, FORT LAUDERDALE, FL 33311 (THE "PROJECT"). YMCA SUPPORT ORG OBTAINED LOANS FROM COMMUNITY DEVELOPMENT ENTITY LENDERS IN A TRANSACTION THAT IS EXPECTED TO GENERATE NEW MARKETS TAX CREDITS UNDER SECTION 45D OF THE CODE ("NMTC"). THE PROCEEDS OF THE NMTC TRANSACTION LOAN WILL BE USED BY YMCA SF SUPPORT ORGANIZATION TO COMPLETE THE PROJECT. THE PROJECT WILL BE LEASED TO YMCA SF TO PROVIDE THE PROGRAMS AND SERVICES DESCRIBED ABOVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $142,023
Other Revenue $0
TOTAL REVENUE $142,023

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $890,416
Other Expenses $890,416
TOTAL EXPENSES $890,416

Year-over-Year Comparison

2024 2023 Change
Revenue $142,023 N/A N/A
Expenses $890,416 $829,305 +0.1%
Net Income $-748,393 $-829,305 -0.1%
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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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
4
$648,054
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS NOWAK CHAIR OF BOARD OF DIRECTORS 1.0
Officer Director
$0 $0 $0
DR DIANE JOHN DIRECTOR 1.0
Director
$0 $0 $0
GREG BREWTON DIRECTOR 1.0
Director
$0 $0 $0
JAY ANDERSON DIRECTOR 1.0
Director
$0 $0 $0
LINDSEY PAYNE DIRECTOR 1.0
Director
$0 $0 $0
JESSICA S COHEN CFO (THRU 4/2024) 3.0
Officer
$0 $6,373 $66,169
MARK GUTHRIE CFO (AS OF 5/2024) 3.0
Officer
$0 $0 $130,111
SHERYL A WOODS PRESIDENT/CEO 3.0
Officer
$0 $31,979 $451,774
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 $142,023 $890,416 $19,904,960 $-748,393
2023 No data $829,305 $20,606,873 No data
2022 No data $433,246 $22,009,058 No data
2021 No data $68,409 $24,299,758 No data
2020 $1,595 $66,258 $19,659,730 $-64,663
2019 $620,876 $7,209 $19,708,200 $613,667
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