Florida Redevelopment Association Inc
- Assets
- $892.5k
- Revenue
- $567.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 06/1981
- Data as of
- 09/2023
- EIN
- 59-2088898
Organization Overview
Florida Redevelopment Association Inc is located in Tallahassee, FL. The organization was established in 1981. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Redevelopment Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Florida Redevelopment Association Inc generated $567.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $431.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY REVITALIZATION. CLEARINGHOUSE FOR REDEVELOPMENT INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE - THE 2022 CONFERENCE WAS HELD IN DAYTONA BEACH. THE CONFERENCE PROVIDED OPPORTUNITIES FOR ATTENDEES TO EARN CE CREDITS FOR PROFESSIONAL CERTIFICATIONS WITH THE AICP, IEDC, AND THE FLORIDA BAR. SESSIONS WERE OFFERED ON A VARIETY OF TOPICS INVOLVING FLORIDA REDEVELOPMENT. SESSION TOPICS INCLUDED COMMUNITY SAFETY ACTION PLANS, AFFORDABLE HOUSING, TOOLS AND RESOURCES FOR CRAS, ETHICS LAWS FOR REDEVELOPMENT, AND LEGAL TOPICS IN REDEVELOPMENT. A TOTAL OF 354 INDIVIDUALS ATTENDED THIS YEAR'S CONFERENCE.
REDEVELOPMENT ACADEMY - THE ACADEMY IS A UNIQUE EDUCATIONAL PROGRAM, DESIGNED TO PROMOTE A PREREQUISITE LEVEL OF KNOWLEDGE AND PROFESSIONALISM IN THE FIELD OF COMMUNITY REDEVELOPMENT. THE COURSES ARE OPEN TO ANYONE INTERESTED IN LEARNING MORE ABOUT REDEVELOPMENT PRACTICE IN FLORIDA. IF A MEMBER IS INTERESTED, THEY MAY TAKE ALL THE REQUIRED COURSES TO ACHIEVE A "DESIGNATION" - THERE ARE TWO DESIGNATIONS - "ADMINISTRATOR OR "PROFESSIONAL." ONLY FRA MEMBERS IN GOOD STANDING ARE ELIGIBLE FOR DESIGNATION. FIVE COURSES ARE REQUIRED FOR GRADUATION/DESIGNATION. THERE ARE THREE CORE COURSES - REDEVELOPMENT 101; BUDGETING, FUNDING AND REPORTING; OPERATIONS AND CAPACITY BUILDING. THE FIVE ELECTIVE COURSES ARE INCENTIVES, CAPITAL PROJECT MANAGEMENT, REDEVELOPMENT HOUSING, PROJECT MANAGEMENT AND STRATEGIC PLANNING. THE GRADUATION CEREMONY IS HELD AT THE FRA ANNUAL CONFERENCE, AND EACH GRADUATE RECEIVES AN OFFICIAL CERTIFICATE AND DESIGNATION. THE GRADUATE CAN THEN START USING THE CREDENTIALS OF "FRA-RA OR "FRA-RP" AFTER THEIR NAME. A TOTAL OF 182 INDIVIDUALS PARTICIPATED IN THE ACADEMY COURSES OFFERED THROUGHOUT THE YEAR.
THE FLORIDA REDEVELOPMENT ASSOCIATION AWARDS PROGRAM RECOGNIZES THE BEST IN REDEVELOPMENT IN FLORIDA. IT IS OPEN TO ANY MEMBER OF THE ASSOCIATION. TO RECOGNIZE THE PROJECTS AND PEOPLE INVOLVED IN REDEVELOPMENT THROUGHOUT THE STATE, THREE AWARDS SERIES HAVE BEEN ESTABLISHED. THE ROY F. KENZIE AND THOMAS J. MILLS AWARDS ARE GIVEN FOR OUTSTANDING EXAMPLES OF REDEVELOPMENT AND LEADERSHIP, RESPECTIVELY, IN FLORIDA. ADDITIONALLY, THE PRESIDENT'S AWARD IS GIVEN FOR THE "BEST OF THE BEST," TO HONOR THE TOP PROJECT ACROSS ALL CATEGORIES. A WINNING ENTRY ACKNOWLEDGES EXCELLENCE IN AN ORGANIZATION'S WORK. THERE ARE 13 AWARD CATEGORIES AND 67 ENTRIES WERE RECEIVED THIS YEAR. THE WINNERS ARE PUBLISHED IN THE BEST BOOK, WHICH HIGHLIGHTS THE QUALITY ENTRIES RECEIVED AS A CELEBRATION OF THE INNOVATIVE REDEVELOPMENT WORK THAT HAS TRANSFORMED FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miles Ballogg Director | Trustee | 1.5 | $0 |
Mark Bennett Director | Trustee | 1.5 | $0 |
Sherri Curtis Director | Trustee | 1.5 | $0 |
Michele Hylton-Terry Director | Trustee | 1.5 | $0 |
Bob Ironsmith Director | Trustee | 1.5 | $0 |
Evan Johnson Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $214,395 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,395 |
| Total Program Service Revenue | $346,592 |
| Investment income | $6,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $567,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $43,075 |
| Fees for services: Legal | $36,000 |
| Fees for services: Accounting | $8,940 |
| Fees for services: Lobbying | $60,664 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,380 |
| Advertising and promotion | $0 |
| Office expenses | $295 |
| Information technology | $15,925 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,022 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $163,139 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $241 |
| Insurance | $0 |
| All other expenses | $715 |
| Total functional expenses | $431,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $733,439 |
| Savings and temporary cash investments | $144,712 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,865 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,718 |
| Net Land, buildings, and equipment | $2,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,750 |
| Total assets | $892,534 |
| Accounts payable and accrued expenses | $49,880 |
| Grants payable | $0 |
| Deferred revenue | $267,925 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $317,805 |
| Net assets without donor restrictions | $574,729 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $892,534 |