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FLORIDA DEVELOPMENT FINANCE CORPORATION

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Public IRS 990 nonprofit record

FLORIDA DEVELOPMENT FINANCE CORPORATION

EIN 59-3270584 · Homeowners & Tenants Associations (L50)

What they do

FLORIDA DEVELOPMENT FINANCE CORPORATION ("FDFC") ACCOMPLISHES ITS MISSION of PROVIDING TAXABLE and TAX-EXEMPT BOND FINANCING TERMS CONSISTENT WITH THOSE AVAILABLE to LARGE CORPORATIONS to SMALL, CREDITWORTHY MANUFACTURERS, 501(C)(3) NOT-FOR-PROFIT CORPORATIONS, and ANY OTHER ELIGIBLE BORROWER or PROJECT BY ACTING AS A CONDUIT ISSUER of REVENUE BONDS. THE PROGRAM is DESIGNED to IMPROVE THE AVAILABILITY of LOW COST FINANCING for ELIGIBLE BORROWERS and PROJECTS THAT QUALIFY for TAX EXEMPT FINANCE UNDER IRS RULES, ALLOWING THESE ENTITIES to BE MORE COMPETITIVE IN THE GLOBAL and DOMESTIC MARKET PLACE. TRANSACTIONS THAT DO NOT MEET IRS QUALIFYING RULES for TAX EXEMPT FINANCE CAN BE FINANCED WITH TAXABLE BONDS THROUGH FDFC. FDFC HAS ISSUED BONDS for CHARTER SCHOOLS, TRANSPORTATION FACILITIES, INDUSTRIAL DEVELOPMENT FACILITIES, SENIOR LIVING FACILITIES and SOLID WASTE DISPOSAL FACILITIES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $72.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

33.54%of revenue went to mission work72.0% of expenses · Program services
$46.57spent for every $100 of revenueRevenue covered expenses this year.
13.03%of revenue went to management and office costs28.0% of expenses
$9.40in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $216,272 for ROBERT HARVEY ESQ (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,326,896
Mission workProgram services$1,115,79833.54% of revenue72.0% of expenses
ManagementOffice and general costs$433,56613.03% of revenue28.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$1,549,36446.57% of revenue

The uncolored part of the ring is revenue above these reported expenses.

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202472.0% mission
202372.2% mission
202273.0% mission
202174.1% mission
202073.8% mission
201979.2% mission
201883.8% mission
201711.7% mission

Money in and money out

Revenue$3,326,896
Expenses$1,549,364
Annual surplus $1,777,532 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,115,798 · 72.0% of expenses
Management and office costs$433,566 · 28.0% of expenses
See all reported dollar amounts
Revenue$3,326,896
Expenses$1,549,364
Assets$14,560,866
Income$3,326,896
Mission work (program services)$1,115,798
Management and general$433,566
Accounting fees$39,741
Investing fees$24,000
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ROBERT HARVEY ESQEXECUTIVE DIRECTOR · 40 hrs/week $216,272Base $189,358 · Other $26,914
RYAN BARTKUSSR. DIRECTOR, PROGRAMS · 40 hrs/week $165,852Base $127,643 · Other $38,209
JENNIFER JENKINSSR. DIR., ADMIN. · 40 hrs/week $144,157Base $117,200 · Other $26,957
MILDRED MORALESDIRECTOR, SYSTEMS & IT · 40 hrs/week $141,897Base $120,960 · Other $20,937
DAVID LYNN ROGERSSR. DIR., BUS. DEV. (THRU 2/24) · 40 hrs/week $129,298Base $115,902 · Other $13,396

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (13)

ROBERT HARVEY ESQEXECUTIVE DIRECTOR

RYAN BARTKUSSR. DIRECTOR, PROGRAMS

JENNIFER JENKINSSR. DIR., ADMIN.

MILDRED MORALESDIRECTOR, SYSTEMS & IT

DAVID LYNN ROGERSSR. DIR., BUS. DEV. (THRU 2/24)

ALEX KELLYCHAIR (FROM 7/24)

BEN WATKINSDIRECTOR

CHARBEL BARAKATDIRECTOR

J MICHAEL QUIJANODIRECTOR

MICHAEL DINAPOLICHAIR (THRU 7/24)

MOSHE POPACKDIRECTOR

ROBERT PANEPINTODIRECTOR

TAYLOR SMITHDIRECTOR

About this charity

Recognized since
January 1996
Location
156 TUSKAWILLA ROAD SUITE 2340, WINTER SPRINGS, FL 32708
County
Seminole
In care of
ROBERT HARVEY ESQ
Primary officer
ROBERT HARVEY ESQ, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
CHERRY BEKAERT ADVISORY LLC
NTEE classification
Homeowners & Tenants Associations (L50)
IRS tax category
Homeowners & Tenants Associations

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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