2024-03-25T16:54:31-05:00 2023-09-30 580662558 HANCOCK ASKEW & CO LLP 100 SOUTH ASHLEY DRIVE SUITE 1550 TAMPA FL 33602 990 2022-10-01 650179159 FLORIDA BUSINESS DEVELOPMENT CORP FLOR 8133480660 1715 N WESTSHORE BLVD SUITE 780 TAMPA FL 33607 WILLIAM R HABERMEYER PRESIDENT, TREASURER 8133480660 2024-03-25 1 WILLIAM HABERMEYER XXX-XX-XXXX 0 KRISTEN BRAND P00353751 8132542727 2024-03-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM R HABERMEYER 1715 N WESTSHORE BLVD SUITE 780 TAMPA FL 33607 13374087 0 X WWW.FBDC.NET X 1989 FL ASSIST HEALTHY, GROWING SMALL BUSINESSES ACCESS CAPITAL VIA THE SBA 504, COMMUNITY ADVANTAGE, DIRECT LOAN. 13 12 56 14 0 0 0 0 10977309 12900580 342076 297684 34353 175823 11353738 13374087 450200 599000 0 0 8437089 8737279 0 0 0 1910496 1898026 10797785 11234305 555953 2139782 33289618 36221825 1519048 2339037 31770570 33882788 ASSIST HEALTHY, GROWING SMALL BUSINESSES ACCESS CAPITAL VIA THE SBA 504, COMMUNITY ADVANTAGE, DIRECT LOAN. 0 0 9958069 599000 13374087 THE CORPORATION IS APPROVED BY THE SBA AS A SECTION 504 CERTIFIED DEVELOPMENT CORPORATION. FINANCIAL ASSISTANCE AND LONG-TERM FINANCING ARE PROVIDED TO BUSINESSES TO RETAIN AND CREATE JOBS AND BUILD THE LOCAL ECONOMY. THE CORPORATION IS THE SECOND MOST ACTIVE CERTIFIED DEVELOPMENT COMPANY NATIONWIDE FOR THE FISCAL YEAR ENDED SEPTEMBER 2023 AND DURING THE PAST 34 YEARS HAS ORIGINATED OVER 8,047 SMALL BUSINESS LOANS RESULTING IN OVER $12.7 BILLION IN APPROVED PROJECTS AND CONTRIBUTED TO THE RETENTION OF THOUSANDS OF JOBS. 9958069 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 56 1 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL FL GA X ROBERT ZINKIL 8133480660 1715 N WESTSHORE BLVD SUITE 780 TAMPA FL 33607 AVRIL STINSON DIRECTOR 1.00 X 8000 0 0 CHRISTINE BOUTON DIRECTOR 1.00 X 8000 0 0 DONNA LEWIS CHAIRPERSON 1.00 X 9836 0 0 GEORGE HAWKINS DIRECTOR 1.00 X 12000 0 0 HARRY ZUKER DIRECTOR 1.00 X 8164 0 0 JASON FINAGAN DIRECTOR 1.00 X 8000 0 0 JEFFREY HUNT DIRECTOR 1.00 X 9836 0 0 MARC WOONTON DIRECTOR 1.00 X 8164 0 0 MATTHEW SCHUH DIRECTOR 1.00 X 8164 0 0 OMAR OJEDA DIRECTOR 1.00 X 9836 0 0 SEABRON SMITH DIRECTOR 1.00 X 8000 0 0 THOMAS TER BEEK DIRECTOR 1.00 X 10000 0 0 WILLIAM R HABERMEYER PRESIDENT, TREASURER 40.00 X 515625 0 86110 ALEX CRAWFORD ASSISTANT SECRETARY 40.00 X 41609 0 18029 ANKUR N PATEL VICE PRESIDENT 40.00 X 149123 0 45471 CHARLES B BUTLER VICE PRESIDENT 40.00 X 226886 0 67435 CHARLES S WILSON VICE PRESIDENT 40.00 X 147805 0 40905 CHRISTINE NICHOLS ASSISTANT SECRETARY 40.00 X 90655 0 34401 CORY W STEWART SENIOR VP 40.00 X 293383 0 85888 CYNTHIA LAHERA ASSISTANT SECRETARY 40.00 X 57348 0 29569 DANIEL F MARTINEZ VICE PRESIDENT 40.00 X 293963 0 86109 HELEN G BENNETT SENIOR VP 40.00 X 175114 0 58044 IAN MASSE ASSISTANT VP 40.00 X 98187 0 30984 JEANETTE L BOHIGAS ASSISTANT SECRETARY 40.00 X 105781 0 48713 MARK W MAYHEW EXECUTIVE VP 40.00 X 397946 0 86110 MICHAEL J QUANT VICE PRESIDENT 40.00 X 142172 0 57691 MICHELLE MATHEWS SEIVOLD CORP ADMIN OFFICER 40.00 X 102832 0 45430 RAI L DONELSON VP/CCO 40.00 X 154706 0 52552 RENEE MADORMO ASSISTANT SECRETARY 40.00 X 107573 0 41211 ROBERT ZINKIL COO/EVP 40.00 X 354005 0 69150 TAYLOR DOBSON VICE PRESIDENT 40.00 X 113847 0 41817 ARMANDO J MARTINEZ VICE PRESIDENT 40.00 X 204265 0 77044 DANA M ALBURY VICE PRESIDENT 40.00 X 228368 0 69852 ANTHONY DIMAURO HCE 40.00 X 162241 0 53360 BRIAN JOINER VICE PRESIDENT 40.00 X 152334 0 35102 BRIAN KING HCE 40.00 X 121867 0 41572 JOHANN SCHNELL HCE 40.00 X 124900 0 39315 RYAN VUCELIK HCE 40.00 X 125655 0 52948 4796190 0 1394812 22 0 1 0 0 LOAN PROCESSING/SERVICING 525990 10420335 10420335 INTEREST INCOME 525990 2480245 2480245 12900580 297684 297684 OTHER INCOME 525990 108907 108907 CA PREMIUM FEES 525990 39146 39146 LATE FEES 525990 27770 27770 175823 13374087 13374087 0 0 599000 599000 6673831 5872971 800860 756551 665765 90786 881985 776147 105838 424912 373923 50989 216920 190890 26030 115533 101669 13864 52671 46350 6321 498019 438257 59762 276123 242988 33135 54930 48338 6592 232485 204587 27898 18583 16353 2230 62274 54801 7473 BUSINESS DEVELOPMENT 191318 168360 22958 OTHER EXPENSES 76904 67676 9228 VEHICLES 41188 36245 4943 CA SERVICING EXPENSES 38001 33441 4560 23077 20308 2769 11234305 9958069 1276236 0 2774603 3594897 963419 805571 1020827 1541917 146145 116788 47939 29357 14882216 13593352 3630000 3025000 9881718 13555719 88896 76012 33289618 36221825 876610 1008094 642438 1330943 1519048 2339037 X 31770570 33882788 31770570 33882788 33289618 36221825 X 2139782 -27562 -2 X X 0 1 X 1 0 146145 116788 29357 29357 TIME DEPOSITS 3025000 C 3025000 NOTES RECEIVABLE 13694417 C LESS ALLOWANCE FOR CREDIT LOSS -138698 C 13555719 DEFERRED REVENUE 361211 OPERATING LEASE 969732 1330943 X 13374087 0 13374087 0 13374087 11234305 0 11234305 0 11234305 PART X, LINE 2: FBDC IS A NONPROFIT CORPORATION WHICH IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE (IRC) AND, ACCORDINGLY, GENERALLY WOULD NOT INCUR INCOME TAXES. AS A RESULT, THE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES. FBDC RECOGNIZES AND MEASURES TAX POSITIONS BASED ON THEIR TECHNICAL MERIT AND ASSESSES THE LIKELIHOOD THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES, AND INFORMATION AVAILABLE AT THE END OF THE YEAR. AT SEPTEMBER 30, 2023 AND 2022, FBDC'S MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS. FBDC CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE U.S. FEDERAL JURISDICTION IS THE MAJOR TAX JURISDICTION WHERE FBDC FILES INCOME TAX RETURNS. FBDC IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2019. 0 TAMPA BAY WAVE INC 500 E KENNEDY BOULEVARD SUITE 300 TAMPA FL 33602 274779851 501C3 50000 0 ECONOMIC DEVELOPMENT TAMPA BAY INNOVATION HUB INC 802 E WHITING STREET TAMPA FL 33602 824177489 501C3 100000 0 ECONOMIC DEVELOPMENT GREATER TAMPA CHAMBER OF COMMERCE FOUNDATION INC 201 N FRANKLIN STREET SUITE 201 TAMPA FL 33602 593462329 501C3 100000 0 ECONOMIC DEVELOPMENT THE CENTER FOR TECHNOLOGY ENTERPRISE & DEVELOPMENT INC 401 WEST ATLANTIC AVENUE SUITE 9 TAMPA FL 33444 650362710 501C3 100000 0 ECONOMIC DEVELOPMENT ARSENAL PLACE INC 22 CHURCH STREET SELMA AL 36701 471760801 501C3 50000 0 ECONOMIC DEVELOPMENT HISPANIC BUSINESS INITIATIVE FUND OF FLORIDA INC 3201 COLONIAL DRIVE SUITE A20 ORLANDO FL 32803 593341405 501C3 100000 0 ECONOMIC DEVELOPMENT SOARING CITY P INC 12355 UNIVERSITY SQUARE MALL TAMPA FL 33612 871877343 501C3 99000 0 ECONOMIC DEVELOPMENT 7 X X X X X X 1 0 0 1 0 0 0 0 0 WILLIAM R HABERMEYER PRESIDENT, TREASURER 300000 0 215625 0 0 0 60450 0 25660 0 601735 0 0 0 MARK W MAYHEW EXECUTIVE VP 216667 0 181279 0 0 0 60450 0 25660 0 484056 0 0 0 ROBERT ZINKIL COO/EVP 223750 0 130255 0 0 0 60450 0 8700 0 423155 0 0 0 DANIEL F MARTINEZ VICE PRESIDENT 155000 0 138963 0 0 0 60450 0 25659 0 380072 0 0 0 CORY W STEWART SENIOR VP 166846 0 126537 0 0 0 60450 0 25438 0 379271 0 0 0 DANA M ALBURY VICE PRESIDENT 159342 0 69026 0 0 0 53166 0 16686 0 298220 0 0 0 CHARLES B BUTLER VICE PRESIDENT 125923 0 100963 0 0 0 50749 0 16686 0 294321 0 0 0 ARMANDO J MARTINEZ VICE PRESIDENT 140000 0 64265 0 0 0 51384 0 25660 0 281309 0 0 0 HELEN G BENNETT SENIOR VP 154014 0 21100 0 0 0 40162 0 17882 0 233158 0 0 0 ANTHONY DIMAURO HCE 100200 0 62041 0 0 0 35478 0 17882 0 215601 0 0 0 RAI L DONELSON VP/CCO 139200 0 15506 0 0 0 34670 0 17882 0 207258 0 0 0 MICHAEL J QUANT VICE PRESIDENT 123000 0 19172 0 0 0 32031 0 25660 0 199863 0 0 0 ANKUR N PATEL VICE PRESIDENT 128750 0 20373 0 0 0 36771 0 8700 0 194594 0 0 0 CHARLES S WILSON VICE PRESIDENT 130500 0 17305 0 0 0 31944 0 8961 0 188710 0 0 0 BRIAN JOINER VICE PRESIDENT 133400 0 18934 0 0 0 17498 0 17604 0 187436 0 0 0 RYAN VUCELIK HCE 110000 0 15655 0 0 0 27362 0 25586 0 178603 0 0 0 JOHANN SCHNELL HCE 120000 0 4900 0 0 0 13655 0 25660 0 164215 0 0 0 BRIAN KING HCE 118317 0 3550 0 0 0 15912 0 25660 0 163439 0 0 0 TAYLOR DOBSON VICE PRESIDENT 100500 0 13347 0 0 0 26855 0 14962 0 155664 0 0 0 JEANETTE L BOHIGAS ASSISTANT SECRETARY 89500 0 16281 0 0 0 23053 0 25660 0 154494 0 0 0 PART I, LINE 5A COMPENSATION CONTINGENT UPON REVENUES OF ORGANIZATION BONUSES FOR BUSINESS DEVELOPMENT OFFICERS ARE BASED ON A PRODUCTION COMPENSATION PLAN.THE PLAN PAYS BASED ON APPROVAL AND FUNDING ACTIVITY LEVELS ATTAINED DURING THE PRODUCTION YEAR. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS ONE CLASS OF MEMBERS CONSISTING OF INDIVIDUALS WHOSERVE ON ANY LOAN COMMITTEE OF THE CORPORATION. MEMBERS HAVE NO VOTINGRIGHTS. FORM 990, PART VI, SECTION A, LINE 7B THE GOVERNING BODY ELECTS BY VOTE THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT REVIEWS THE FORM 990 ALONG WITH THE FINANCE COMMITTEE. THE COMITTEE RECOMMENDS APPROVAL TO THE BOARD OF DIRECTORS AND THE BOARD OF DIRECTORS RECEIVE A COPY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT REQUIRES ALL EMPLOYEES AND BOARD MEMBERS TO REPORT ANY CONFLICT OF INTEREST ANNUALLY OR WHEN THE CONFLICT ARISES, WHICHEVER IS FIRST. EMPLOYEES CERTIFY ANNUALLY TO RECEIVING THE FIRM'S CONFLICT OF INTEREST POLICY AS PART OF THE ANNUAL EMPLOYEE HANDBOOK. BOARD MEMBERS COMPLETE ANNUALLY, AS PART OF THE BOARD POLICY, A CONFLICT OF INTEREST DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 EVERY FIVE YEARS A COMPENSATION SURVEY IS COMPLETED TO REVIEW COMPENSATIONOF NON-PROFITS AS WELL AS COMPENSATION IN COMPARABLE PRIVATE INDUSTRY.ADDITIONALLY, THE BOARD IS PRESENTED WITH INFORMATION FROM THE COMPENSATION CONSULTANT INDICATING THE SALARIES OF OTHER SIMILAR NON-PROFITS AND FINANCIAL INSTITUTIONS AROUND THE COUNTRY. THE BOARD REVIEWS THE DATA AND COMPENSATION PROPOSALS FOR OFFICERS AND KEY EMPLOYEES AND APPROVES COMPENSATION ANNUALLY. FURTHER, FBDC EXECUTIVE MANAGEMENT UTILIZED OUTSIDE COMPENSATION CONSULTANTS TO SUBSTANTIATE NOT ONLY ALL KEY EMPLOYEES, BUT ALSO ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AS WELL AS FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING -2. LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.