Nonprofit · EIN 59-3270584
FLORIDA DEVELOPMENT FINANCE CORPORATION
Tax-exempt · WINTER SPGS, FL 32708
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,326,896 | $1,549,364 | $1,777,532 | $14,560,866 | $685,032 | $13,875,834 |
| June 30, 2024 | 990 | $5,739,600 | $1,746,925 | $3,992,675 | $12,338,198 | $240,166 | $12,098,032 |
| June 30, 2023 | 990 | $2,893,381 | $1,492,227 | $1,401,154 | $8,374,240 | $268,883 | $8,105,357 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,758,464
- Investment income
- $554,501
- Other revenue
- $13,931
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $382,570
- Other salaries and wages
- $369,653
- Salaries, compensation and benefits (total)
- $934,132
- Professional fundraising fees
- $0
- Legal fees
- $15,797
- Accounting fees
- $39,741
- Occupancy
- $4,063
- Travel
- $55,726
- Depreciation
- $70,760
- Program services (functional)
- $1,115,798
- Management and general (functional)
- $433,566
Balance sheet and other
- Total assets, start of year
- $12,338,198
- Total assets, end of year
- $14,560,866
- Total liabilities, end of year
- $685,032
- Net assets, end of year
- $13,875,834
- Land, buildings and equipment
- $213,062
- Net assets without donor restrictions
- $13,875,834
- Gross receipts
- $3,326,896
- Employees
- 8
- Volunteers
- 7
- Year formed
- 1993
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT HARVEY ESQ | EXECUTIVE DIRECTOR Officer | 40 | $189,358 | $26,914 |
| RYAN BARTKUS | SR. DIRECTOR, PROGRAMS Officer | 40 | $127,643 | $38,209 |
| JENNIFER JENKINS | SR. DIR., ADMIN. Highest-paid employee | 40 | $117,200 | $26,957 |
| MILDRED MORALES | DIRECTOR, SYSTEMS & IT Highest-paid employee | 40 | $120,960 | $20,937 |
| DAVID LYNN ROGERS | SR. DIR., BUS. DEV. (THRU 2/24) Highest-paid employee | 40 | $115,902 | $13,396 |
| MICHAEL DINAPOLI | CHAIR (THRU 7/24) Trustee or director, Officer | 1 | $0 | $0 |
| ALEX KELLY | CHAIR (FROM 7/24) Trustee or director, Officer | 1 | $0 | $0 |
| CHARBEL BARAKAT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT PANEPINTO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MOSHE POPACK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| J MICHAEL QUIJANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAYLOR SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEN WATKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RYAN BARTKUS | SR. DIRECTOR, PROGRAMS Officer | 40 | $119,008 | $35,626 |
| ROBERT HARVEY ESQ | EXECUTIVE DIRECTOR (START 7/7/23) Officer | 40 | $42,469 | $4,104 |
| MICHAEL DINAPOLI | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BEN WATKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MOSHE POPACK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT PANEPINTO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAYLOR SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARBEL BARAKAT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| J MICHAEL QUIJANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM BILL SPIVEY JR | EXECUTIVE DIRECTOR (TERM 07/18/22) Officer | 40 | $163,357 | $26,273 |
| RYAN BARTKUS | SR. DIRECTOR, PROGRAMS Officer | 40 | $95,805 | $31,712 |
| MARC ADLER | EXECUTIVE DIRECTOR (START 12/30/22) Officer | 40 | $82,385 | $13,094 |
| MICHAEL DINAPOLI | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| J NELSON BRADSHAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARBEL BARAKAT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MOSHE POPACK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAYLOR SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| J MICHAEL QUIJANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEN WATKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 156 TUSKAWILLA RD STE 2340, WINTER SPGS, FL 32708-2816
- Principal officer (990 for 2024)
- ROBERT HARVEY ESQ, 156 TUSKAWILLA ROAD SUITE 2340, WINTER SPRINGS, FL 32708
- Signed the 990
- ROBERT HARVEY ESQ, EXECUTIVE DIRECTOR
- Phone
- (407) 712-6351
- Website
- FDFCBONDS.COM
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
FDFC IS A STATE AUTHORIZED ISSUER OF INDUSTRIAL REVENUE BONDS AND DOES NOT RECEIVE STATE APPROPRIATIONS. FDFC ISSUES BONDS IN COUNTIES THROUGHOUT FLORIDA THROUGH INTERLOCAL AGREEMENTS. WE SUPPORT ECONOMIC DEVELOPMENT BY ASSISTING FOR-PROFIT AND NOT-FOR-PROFIT BUSINESSES WITH ACCESS TO CAPITAL FOR PROJECT FINANCING. THE PRIMARY MECHANISM FOR ACCESSING THE CAPITAL MARKETS IS TAX-EXEMPT AND TAXABLE BONDS.
Program accomplishments
- TRADITIONAL BONDS - THIS PROGRAM IS PROVIDED THROUGH ENABLING LEGISLATION UNDER FL. ST. CHAPTER 288, PART X WHEREBY THE FDFC IS AUTHORIZED AS A "CONDUIT ISSUER" TO ISSUE BONDS THROUGHOUT THE STATE IN CONJUNCTION WITH AN INTERLOCAL AGREEMENT WITH LOCAL GOVERNMENTS WHERE THE PROJECT IS LOCATED. TAX-EXEMPT BONDS ARE ISSUED FOR ELIGIBLE PROJECTS OR BORROWERS THAT MEET CERTAIN ELIGIBILITY REQUIREMENTS UNDER THE IRS TAX CODE. REPAYMENT OF THE BONDS IS THE RESPONSIBLITY OF THE BORROWER AND NOT THE FDFC, STATE, FEDERAL OR LOCAL GOVERNMENTS.Expenses $533,614 · revenue $1,630,917
- PACE BONDS - THIS PROGRAM IS FOUND UNDER FL. ST. 163.08. UNDER FL. ST. 288.9606 (7)(C), THE FDFC IS AUTHORIZED TO ISSUE PACE BONDS THROUGHOUT THE STATE. THESE BONDS ARE ISSUED TO PAY FOR THE PURCHASE AND INSTALLATION OF ELIGIBLE IMPROVEMENTS TO PROPERTY FOR THE PURPOSE OF ENERGY EFFICIENCY, ENERGY CONSERVATION AND WIND HARDENING. REPAYMENT OF THE BONDS IS THROUGH A VOLUNTARY SPECIAL ASSESSMENT REQUESTED BY THE PROPERTY OWNER AND PLACED ON THE ANNUAL TAX ROLL.Expenses $582,184 · revenue $1,127,547
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 59-3270584
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Exempt since
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $14,560,866
- Income (IRS master file)
- $3,326,896
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,326,896 | $1,549,364 | $14,560,866 | IRS |
| 990 | June 2024 | $5,739,600 | $1,746,925 | $12,338,198 | IRS |
| 990 | June 2023 | $2,893,381 | $1,492,227 | $8,374,240 | XML |
| 990 | June 2022 | $3,600,952 | $1,542,604 | $7,090,461 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-3270584).
Questions about FLORIDA DEVELOPMENT FINANCE CORPORATION
- What is the EIN of FLORIDA DEVELOPMENT FINANCE CORPORATION?
- The employer identification number (EIN) of FLORIDA DEVELOPMENT FINANCE CORPORATION is 59-3270584.
- Is FLORIDA DEVELOPMENT FINANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1996.
- Which annual return does FLORIDA DEVELOPMENT FINANCE CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FLORIDA DEVELOPMENT FINANCE CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FLORIDA DEVELOPMENT FINANCE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FLORIDA DEVELOPMENT FINANCE CORPORATION?
- The 990 for the year ended June 30, 2025 names ROBERT HARVEY ESQ.
- Who are the officers and directors of FLORIDA DEVELOPMENT FINANCE CORPORATION?
- The 990 for the year ended June 30, 2025 lists 13 people; 5 received compensation from the organization, the highest $189,358 (ROBERT HARVEY ESQ, EXECUTIVE DIRECTOR).
- How much revenue does FLORIDA DEVELOPMENT FINANCE CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,326,896, expenses of $1,549,364 and total assets of $14,560,866 at year end.
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