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Florida Community Capital Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 593563085 ✦ New smyrna beach, FL ✦ Designated as a 501(c)(3)

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Overview

What is Florida Community Capital Corporation?

Florida Community Capital Corporation is a nonprofit organization situated in New Smyrna Beach, Florida. Their primary mission is to stimulate affordable housing, community, and economic development for low to moderate income individuals residing in economically distressed areas. They achieve this goal by administering public and private funds and engaging in real estate development projects. The corporation provides flexible financial resources to targeted populations and distressed markets within Florida, with a focus on offering affordable housing and stimulating economic growth.


Official website here: www.floridapartners.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97%, Four-Star out of Four Star rating.

Florida Community Capital Corporation has achieved an impressive score of 97%, reflecting its commitment to accountability and finance. The high rating is derived entirely from a strong performance in a single beacon score, showcasing the organization's financial health and governance practices. This indicates that Florida Community Capital Corporation is effectively managing its resources and adhering to the highest standards of transparency.

The organization exhibits notable strengths, including a fully independent board consisting of 10 members and a commendable program expense ratio of 96.86%. These factors suggest a strong governance structure and a focus on delivering impactful programs. Additionally, the charity has established comprehensive policies addressing conflicts of interest, whistleblower protections, and document retention, which further reinforce its commitment to ethical operations.

While Florida Community Capital Corporation performs exceptionally well in key areas, it's important for potential donors and stakeholders to recognize that the overall score is based solely on accountability and finance. There may be other aspects of the organization’s performance that are not captured fully in this rating, but the data available suggests a highly responsible and well-managed nonprofit.


This AI summary has been generated from information found on Charity Navigator.

Is Florida Community Capital Corporation legitimate?

Florida Community Capital Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Community Capital Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.floridapartners.org

What is the mission statement of Florida Community Capital Corporation?

The Florida Community Capital Corporation's mission is to offer flexible financing options to underserved populations and distressed markets within Florida. Their primary objectives include promoting affordable housing and economic development. By administering public and private funds, and overseeing real estate development projects, they aim to benefit low to moderate income individuals residing in economically disadvantaged areas. The organization's mission is to contribute positively to the community by fostering affordable housing and economic growth.


Official website here: www.floridapartners.org

Who is the CEO of Florida Community Capital Corporation?

John Nicholas is the Board Chairm of Florida Community Capital Corporation.


Official website here: www.floridapartners.org

What is the revenue of Florida Community Capital Corporation?

Florida Community Capital Corporation's revenue in 2021 was $2,482.


Official website here: www.floridapartners.org

Who are the executives of Florida Community Capital Corporation and what are their salaries?

There 3 volunteers at Florida Community Capital Corporation.


Here are 4 key members and their salaries:


Doug Krenzer (Board Chairm)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Merolla (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Nicholas (Executive Di)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Ridinger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.floridapartners.org

Where can I find the form 990 for Florida Community Capital Corporation?

Florida Community Capital Corporation's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.floridapartners.org

Learn more at the official website: www.floridapartners.org

Mission Statement of Florida Community Capital Corporation

Florida Community Capital Corporation, in its mission, provides flexible sources of capital to targeted populations and distressed markets within Florida. This is done for a variety of purposes, with a significant focus on providing affordable housing and fostering economic development. By administering public and private funds and overseeing real estate development projects, the organization strives to promote affordable housing, community, and economic development for low to moderate income individuals living in economically distressed areas. In essence, Florida Community Capital Corporation aims to improve living conditions and promote sustainable growth in underserved communities across the state.

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Impact




October, 2024

Florida Community Capital Corporation plays a crucial role in enhancing economic stability and improving living conditions in economically distressed areas of Florida. By providing flexible sources of capital, the organization facilitates the development of affordable housing and promotes community and economic development. Targeting low to moderate-income individuals, it drives initiatives that uplift communities and foster sustainable growth. The utilization of both public and private funds enables Florida Community Capital Corporation to effectively administer real estate development projects, thereby creating opportunities for those who need them most. Its impactful efforts contribute significantly to the revitalization of neighborhoods, making a lasting difference in the lives of residents throughout the state.




This information is meant to be a general summary of Florida Community Capital Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,482 (2021)
Expenses
$2,074,687 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $1,320
  • Program Service Revenue: $1,162
  • Gross Receipts: $2,482

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN SERVICE

Revenue

$1,162

Organization Details

Principal Officer

John Nicholas

Main Address

845 LADYFISH AVE UNIT 203, NEW SMYRNA BEACH, FL, 32169

NTEE Category

Code: L200 - Housing

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