Florida Community Capital

New Smyrna Beach, FLUnknown exempt organizationEIN 59-3563085

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Provide flexible sources of Capital to targeted populations and distressed markets in Florida for a variety of purposes including the provision of affordable housing and economic development.

99¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2K
Spent
$2.1M
To programs
99%
Net assets
$0

From the FY2021 Form 990 (year ending September 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $2.1M Management & general 1% · $20K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Chairm
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A
See Florida Community Capital executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fund affordable housing and economic development in Florida's distressed markets.

Provided by the organization

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3 programs · $2.1M · in their own filed words · FY2020
01

Distributed 1,258,092 to florida community partners to assist them in their mission to provide support to local charitable organizations which are in dire need of funding due to the covid epidemic.

$1.3Mprogram expense
02

The organization forgave loans in the amount of 685,929 that were owed from tax exempt organizations whose main purpose is to provide affordable housing and promote economic development to low income individuals living in economically distressed areas.

$686Kprogram expense
03

Promote affordable housing, community and economic development for the benefit of low to moderate income individuals living in economically distressed areas, through the administration of public & private funds and real estate development projects.

$111Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $1.3M · 2020–2020
Florida Community Partners INCFL · FY2020$1,258,092

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2K
Ln 12
Investment incomeLn 3$1K
Fees for servicesLn 2g$1K
Money outPt IX
$2.1M
Ln 25
Programscol B$2.1M
Managementcol C$20K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1K
Investment incomeLn 3$1K
Total revenueLn 12$2K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Total assetsLn 16$3.5M$0
LiabilitiesLn 26$1.4M$0
Net assetsLn 32$2.1M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.9M$1.9M
Management feesLn 11a$116K$98K$17K
Legal feesLn 11b$3K$2K$414
Accounting feesLn 11c$15K$15K
Office expensesLn 13$2K$980$917
Information technologyLn 14$2K$2K$368
OccupancyLn 16$5K$4K$465
Conferences, conventions and meetingsLn 19$21$19$2
InsuranceLn 23$4K$3K$368
Other expenses (24a–d)Ln 24−$15K−$15K
Total functional expensesLn 25$2.1M$2.1M$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $2K$2.1M−$2.1M$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $2,482 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,162$1,162
VIII-3 Investment incomeExcluded from tax $1,320$1,320
VIII-12 Total revenueRelated to mission $1,162 · Excluded from tax $1,320$2,482
Part IX · Statement of functional expenses $2,074,687 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $1,944,021$1,944,021
IX-11a Management feesPrograms $98,175 · Management $17,325$115,500
IX-11b Legal feesPrograms $2,346 · Management $414$2,760
IX-11c Accounting feesPrograms $15,350$15,350
IX-13 Office expensesPrograms $980 · Management $917$1,897
IX-14 Information technologyPrograms $1,554 · Management $368$1,922
IX-16 OccupancyPrograms $4,184 · Management $465$4,649
IX-19 Conferences, conventions and meetingsPrograms $19 · Management $2$21
IX-23 InsurancePrograms $3,315 · Management $368$3,683
IX-24 Other expenses (24a–d)Programs −$15,116−$15,116
IX-25 Total functional expensesPrograms $2,054,828 · Management $19,859 · Fundraising $0$2,074,687
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $3,489,916$0
X-26 Total liabilitiesStart of year $1,417,711$0
X-32 Total net assets or fund balancesStart of year $2,072,205$0
X-33 Total liabilities and net assetsStart of year $3,489,916$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$2,482
XI-2 Total expenses$2,074,687
XI-3 Revenue less expenses−$2,072,205
XI-4 Net assets at start of year$2,072,205
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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