2024-02-15T14:28:40-05:00 2022-12-31 202259573 THOMSON BROCK LUGER & COMPANY 3375G CAPITAL CIR NE TALLAHASSEE FL 323083736 990 2022-01-01 593001127 NORTHWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION NORT 8508935100 PO BOX 10782 TALLAHASSEE FL 323022782 RONNIE ADAMS CHAIRMAN 8508935100 2024-02-12 true RONNIE ADAMS 999009999 false MATTHEW R HANSARD P00273516 8503857444 2024-02-15 2022 2023-04-26 12:10:37Z SHERWOOD BROWN SR 625 E TENNESSEE STREET SUITE 220- TALLAHASSEE FL 32301 166582 false X N/A X 1991 FL TO FACILITATE THE FINANCING OF PROJECTS UNDERTAKEN BY AFRICAN-AMERICANS. 4 4 0 0 0 0 144793 166582 0 144793 166582 0 0 52000 54450 0 0 34223 70844 86223 125294 58570 41288 4322118 4363074 1842634 1842302 2479484 2520772 TO FACILITATE THE FINANCING OF PROJECTS UNDERTAKEN BY AFRICAN-AMERICANS. false false 93693 THIS ORGANIZATION FACILITATES THE FINANCING OF PROJECTS FOR THE DEVELOPMENT OF BUSINESSES OWNED AND OPERATED BY AFRICAN-AMERICANS. A CAPITAL FUND HAS BEEN CREATED TO PROVIDE LOANS TO DEVELOPING, MINORITY-OWNED BUSINESSES. CURRENTLY, THE ORGANIZATION HOLDS 43 SECURED NOTES TO AFRICAN-AMERICAN OWNED BUSINESSES. 93693 false false false false false false false true false false false false false true false true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false true 4 0 0 false false false false false false false false X 4 4 false false false false false false false true true false false false false false false true false false X SHERWOOD BROWN SR 8508935100 625 E TENNESSEE STREET SUITE 220- TALLAHASSEE FL 32301 X RONNIE ADAMS CHAIRMAN X X 0 0 0 THOMAS KEITH BOWERS VICE CHAIR X X 0 0 0 HAROLD M KNOWLES DIRECTOR X 0 0 0 KEITHEN V MATHIS TREASURER X X 0 0 0 SHERWOOD BROWN SR EXECUTIVE DI X 0 0 0 false false false 166582 166582 166582 166582 54450 43305 11145 25161 20010 5151 11458 11458 1617 1617 11283 8698 2585 1468 1167 301 4097 3258 839 297 297 592 470 122 8782 8782 BAD DEBT EXPENSE 5878 5878 TAXES AND LICENSES 211 211 125294 93693 31601 0 71179 20413 1216169 1056119 3005720 3285992 29050 550 4322118 4363074 24949 24617 1817685 1817685 1842634 1842302 X 2479484 2520772 2479484 2520772 4322118 4363074 41288 X false false false true X LOAN POOL COMMITMENT 1763592 LOAN LOSS CONTINGENCY 54093 1817685 166582 166582 166582 125294 125294 125294 SCHEDULE D, PAGE 2, PART IV, LINE 2B ESCROW FUNDS ARE COLLECTED FROM BORROWERS FOR REAL ESTATE TAXES AND PROPERTY INSURANCE TO PROTECT THE ORGANIZATION'S COLLATERAL RIGHTS SECURING ITS LOANS TO BORROWERS. AMOUNTS ARE REMITTED DIRECTLY TO THE APPROPRIATE TAXING AUTHORITY AND INSURANCE UNDERWRITERS OF PROPERTY INSURANCE POLICIES. S&R BROWN CONSULTING LLC FORMER DIRECTOR 54450 EXECUTIVE DIRECTOR false SCHEDULE L, PART V THE CURRENT EXECUTIVE DIRECTOR WAS A FORMER BOARD MEMBER WHO HAS BEEN CONTRACTED BY THE ORGANIZATION TO MANAGE THE OPERATIONS OF THE BUSINESS. COMPENSATION IS PAID TO HIS LIMITED LIABILITY COMPANY, S&R BROWN CONSULTING IN THE AMOUNT OF 54,450. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE EXECUTIVE DIRECTOR AND CONTRACTED CPA PREPARING THE BOOKS BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE ANNUALLY REVIEWS THE PRESIDENT'S PERFORMANCE AND RECOMMENDS TO THE BOARD OF DIRECTORS AN AMOUNT FOR THE EXECUTIVE DIRECTOR'S ANNUAL COMPENSATION FROM THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC UPON REQUEST ITS ORGANIZING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS.