2024-08-15T07:28:18-07:00 2023-09-30 200337678 R Bright & Associates PA CPA 924 N Magnolia Avenue Suite 306 Orlando FL 32803 990 2022-10-01 592861155 BLACK BUSINESS INVESTMENT FUND INC BLAC 4076494780 301 EAST PINE STREET ORLANDO FL 32801 INEZ LONG PRESIDENT/CEO 4076494780 2024-02-15 true true RUDOLPH BRIGHT CPA P00532075 4079990007 2022 2024-08-08 14:25:15Z Inez Long 301 EAST PINE STREET ORLAND FL 32801 10029589 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 25 0 0 0 1627025 6545392 3915564 3351625 2905 132572 0 5545494 10029589 50000 0 2512738 3175747 0 0 1783495 2814927 4296233 6040674 1249261 3988915 34553467 51338939 21713845 34510402 12839622 16828537 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 4753554 50000 9467378 In FY 2022-23, BBIF furher solidified our commitment to providing essential services to BIPOC entrepreneurs and underserved communities. To that end, BBIF implemented several key initiatives that have enabled us to better serve those in need. BBIF's initiatives included establishing strong partnerships in the commounities it serve and expanding the financial technical assistances services and innovative business development programs offered. BBIF is proud of the innovative and impactful financial solutions proved. BBIF processed $12.6 million in business loans and generated $71 million in economic impact through its New Markets Tax Credits (NMTC) projects, resulting in the creation of over 990 new jobs. Through these efforts, BBIF demonstrate its commitment to helping business owners reach their goals and succeed. 4753554 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 true false true false false false false false false false false false false false false false false false false false true 0 0 true 25 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 PRESIDENT/CEO 40.00 X X 461748 0 0 ORAINE REED VP FINANCE 40.00 X X 177721 0 0 DUANE LEWIS CHIEF OPERATING OFFICER 40.00 X X 180957 0 0 JASMINE GEBON VP STRATEGIC INITIATIVES 40.00 X X 148535 0 0 DONNA DINGLE DIRECTOR OF COMPLIANCE 40.00 X X 102855 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 1071816 0 0 5 false true false 6545392 6545392 LOAN ORIGINATION AND SERVICING FEES 522200 954836 0 0 LOAN INTEREST INCOME 522200 932881 0 0 NEW MARKET TAX CREDIT 522200 1034269 0 0 OTHER MISC INCOME 522200 429639 0 0 3351625 132572 0 0 0 0 0 0 0 0 0 10029589 3484197 0 0 50000 50000 975448 829131 146317 0 1501905 1276619 225286 0 108133 91913 16220 0 419926 356937 62989 0 170335 144785 25550 0 72441 15582 56859 0 162123 117623 44500 0 295105 185249 109856 0 93775 0 93775 0 258618 202303 56315 0 313912 142402 171510 0 61049 51892 9157 0 270958 230314 40644 0 635389 540081 95308 0 136722 47085 89637 0 31491 26767 4724 0 Dues & Subscriptions 28352 24099 4253 0 Bad Debt Expense 405794 405794 0 0 Sponsorships Expense 10900 9265 1635 0 Taxes, Licenses & Fees 32585 0 32585 0 5713 5713 0 0 6040674 4753554 1287120 0 21118509 23219206 43548 8083158 17206129 32105 33240 8152784 436679 2171295 7716105 2620513 2621673 527887 499038 34553467 51338939 41391 70432 50000 566707 4155251 21362505 29403863 259949 314149 21713845 34510402 X 12839622 15607530 1221007 12839622 16828537 34553467 51338939 3988915 X false true X true true true 0 3705216 3705216 4166476 234338 3932138 1704 510 1194 118536 66565 51971 160852 135266 25586 7716105 NEW MARKET TAX CREDIT INVESTMENT 2621673 C 2621673 ACCRUED LIABILITIES 314149 314149 10029589 10029589 10029589 6040674 6040674 6040674 true LEGACY CAFE AT WEST LAKES 5664 SILTSTONE STREE LAKELAND FL 33811 850617149 15000 ASSIST WITH WORKING CAPITAL BIG DAWG TRAINING CAMP 953VISTA PALM WAY ORLANDO FL 32825 931987013 10000 ASSIT WITH WORKING CAPITAL MONEY LITAPP LCC 1370 NE 162ND ST N MIAMI BEACH FL 33162 932052689 25000 ASSIST WITH WORKING CAPITAL 0 3 Pt I Line 2 THE RECIPIENTS ARE REQUIRED TO ATTEND FINANCIAL ROUNG TABLE TRAINGING WITH FINANCIAL STATEMENTS FOR ONE YEAR. false false false false false false false false false INEZ LONG 461748 0 0 0 0 0 33179 0 19500 0 514427 0 0 0 ORAINE REED 177721 0 0 0 0 0 5723 0 16500 0 199944 0 0 0 DUANE LEWIS 180957 0 0 0 0 0 6500 0 16500 0 203957 0 0 0 Pt I Line 3 THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINE BY THE BOARD OF DIRECTORS. Pt I Line 4b 12% OF THE EXECUTIVE DIRECTOR'S 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.