Florida Development Finance Corporation
WINTER SPGS, FL
Total revenue
$5.7M
Total expenses
$1.7M
Net assets
$12.1M
Grants received
—
EIN
593270584
Tax year
2023
Mission
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.
Programs
1 program
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.
Financials
FY 2023
Revenue
Expenses
People
9 listed
RYAN BARTKUS
SR. DIRECTOR, PROGRAMS
$119K
40 hrs/wk
ROBERT HARVEY ESQ
EXECUTIVE DIRECTOR (START 7/7/23)
$42K
40 hrs/wk
MOSHE POPACK
DIRECTOR
—
1 hrs/wk
ROBERT PANEPINTO
DIRECTOR
—
1 hrs/wk
MICHAEL DINAPOLI
CHAIR
—
1 hrs/wk
CHARBEL BARAKAT
DIRECTOR
—
1 hrs/wk
J MICHAEL QUIJANO
DIRECTOR
—
1 hrs/wk
TAYLOR SMITH
DIRECTOR
—
1 hrs/wk
BEN WATKINS
DIRECTOR
—
1 hrs/wk