2025-05-01T07:33:45-07:00 2024-09-30 200337678 R Bright & Associates PA CPA 924 N Magnolia Avenue Suite 306 Orlando FL 32803 990 2023-10-01 592861155 BLACK BUSINESS INVESTMENT FUND INC BLAC 4076494780 301 EAST PINE STREET ORLANDO FL 32801 ORAINE S REID VICE PRESIDENT FINANCE 4076494780 2025-04-30 true true RUDOLPH BRIGHT CPA P00532075 4079990007 2023 2025-03-06 01:10:19Z ORAINE S REID 301 EAST PINE STREET ORLAND FL 32801 7834761 false X BBIFFLORIDA.COM X 1987 FL The mission is to develop and promote Black business enterprises through education, training, loans, investments, and other activities and aggressively promote an atmosphere conducive to their development. 5 5 28 0 0 0 6545392 1394364 3351625 6002645 132572 437752 0 10029589 7834761 50000 48000 0 3175747 3882696 0 0 2814927 4965820 6040674 8896516 3988915 -1061755 51338939 55937341 34510402 40170559 16828537 15766782 The mission is to develop and promote Black business enterprises through education, training, loans, investments, and other activities and aggressively promote an atmosphere conducive to their development. false false 7335371 45800 7028476 In FY 2023-24, BBIF expanded its commitment to equipping business owners with financial resources and technical support. BBIF deepened its impact through strategic partnerships, financial technical assistance, and innovative programming, facilitating business cohorts forcused on job quality, integrating in-person financial literacy workshops, and strengthening hands-on guidance for entrepreneurs. Over the past fiscal year, BBIF provided $13.87 million in business loans and leveraged over $200 million in New Markets Tax Credits (NMTC), generating more thanb $625 million in investments. These efforts supported the creation and retention of 1,634 jobs, reinforcing our mission to help business owners grow and succeed. 7335371 false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 0 0 true 28 true false false false false false false false false false false X 5 5 false false false false true false false true true false false false true true true false true false false false X INEZ LONG 4076494780 301 EAST PINE STREET 175 ORLAND FL 32801 INEZ LONG FORMER PRESIDENT/CEO 38.00 X X 451106 0 0 DUANE LEWIS CHIEF OPERATING OFFICER 38.00 X X 230599 0 0 ORAINE REED VP FINANCE 40.00 X X 203726 0 0 JASMINE GEBON V.P. STRATEGIC INITIATIVES 40.00 X X 185547 0 0 MYRLANDE SIMEON REGIONAL DIRECTOR 40.00 X 128265 0 0 DONNA DINGLE DIRECTOR OF COMPLIANCE 40.00 X 116042 0 0 JACQUELINE BARR CHAIRPERSON 8.00 X 0 0 0 MARILYN DRAYTON VICE CHAIR 6.00 X 0 0 0 SABRINA MARTINELLI TREASURER 6.00 X 0 0 0 JOYCE ODONGO SECRETARY 6.00 X 0 0 0 ESTHER MARSHALL DIRECTOR 6.00 X 0 0 0 1315285 0 0 6 false true false 1394364 1394364 LOAN ORIGINATION AND SERVICING FEES 522200 1803078 0 0 LOAN INTEREST INCOME 522200 1242096 0 0 NEW MARKET TAX CREDIT 522200 2588938 0 0 OTHER MISC INCOME 522200 368533 0 0 6002645 437752 0 0 7834761 6440397 0 0 48000 48000 1211629 1029885 181744 0 1817443 1544827 272616 0 117980 100283 17697 0 531019 451367 79652 0 204625 173931 30694 0 162266 34870 127396 0 191638 132138 59500 0 337297 248564 88733 0 94063 0 94063 0 284303 210353 73950 0 367297 144549 222748 0 104449 88782 15667 0 195101 165836 29265 0 697932 593242 104690 0 109097 37566 71531 0 32270 27429 4841 0 Dues & Subscriptions 25939 22048 3891 0 Bad Debt Expense 2256206 2256206 0 0 Sponsorships Expense 27150 23077 4073 0 Taxes, Licenses & Fees 78394 0 78394 0 2418 2418 0 0 8896516 7335371 1561145 0 23219206 24654146 43548 21789 17206129 20637598 33240 95049 8636794 524142 7716105 8112652 2621673 347588 499038 2068519 51338939 55937341 70432 83944 566707 469985 4155251 6981735 29403863 32047055 314149 587840 34510402 40170559 X 15607530 15766782 1221007 0 16828537 15766782 51338939 55937341 -1061755 X false true X true true true 0 3705216 3705216 4634606 289249 4345357 1704 554 1150 134410 88185 46225 160858 146154 14704 8112652 NEW MARKET TAX CREDIT INVESTMENT 347588 C 347588 ACCRUED LIABILITIES 587840 587840 7834761 7834761 7834761 8896516 8896516 8896516 false false false false false false false false false INEZ LONG 0 360737 0 90369 0 0 0 40029 0 34857 0 525992 0 0 DUANE LEWIS 0 218975 0 11624 0 0 0 6942 0 34857 0 272398 0 0 ORAINE REED 0 192511 0 11215 0 0 0 6112 0 11046 0 220884 0 0 JASMINE GEBON 0 174209 0 11338 0 0 0 5590 0 225994 0 417131 0 0 Pt I Line 3 THE EXECUTIVE DIRECTORS SALARY IS DETERMINE BY THE BOARD OF DIRECTORS. Pt I Line 4b 12% OF THE EXECUTIVE DIRECTORS BASE SALARY IS PAID AS A NONQUALIFIED PLAN AMOUNT TO COMPENSATE FOR THE YEARS THE ORGANIZATION DID NOT HAVE THE ABILITY TO PAY INTO A QUALIFIED PLAN. THE NONQUALIFIED AMOUNT IS INCLUDED IN ANNUAL THE COMPENSATION OF THE EXECUTIVE DIRECTOR. Pt VI, Line 12c THE BOARD MONITORS THE POLICY THROUGH INQUIRY OF BOARD MEMBERS AND KEY EMPLOYEES. Pt VI, Line 19 POLICIES AND DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC BY WRITTEN REQUEST. Pt VI, Line 11b THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND VICE PRESIDENT OF FINANCE. Pt VI, Line 6 THE ORGANIZATION WAS ORIGINALLY FUNDED BY MEMBERS. THE MEMBERS SHARES CAN NOT BE TRANSFERRED.