Skip to main content
Lucido logoLucido
--

BAC Funding Corporation

EIN: 59-2196535Miami, FLZIP: 33147
S310 - Community Improvement & Capacity Building501(c)(3)

Mission

BAC Funding Corporation ("BAC or Corporation"), a nonprofit organization, is an outgrowth of the Business Revitalization Action Committee of the Greater Miami Chamber of Commerce ("GMCC"). BAC was formed in April 1982, to help stimulate the economic growth of Liberty City. The objective of BAC is to develop and expand new and existing businesses for minority group residents of Miami-Dade County, Florida. These objectives are met by extending credit to new and existing businesses within Miami-Dade County, Florida.

Financials

YearRevenueExpensesAssets
2023$3.9M$0$13.1M

Compensation

Jessie Houston II
Controller
unclassified
$175,000
$0
$0
$175,000
Stephen Johnson
Director
board member
$0
$0
$0
$0
Ricardo Forbes
Director
board member
$0
$0
$0
$0
Leonard Garrett
Director
board member
$0
$0
$0
$0
John Hall
Director
board member
$0
$0
$0
$0
Miguel Rasco
Director
board member
$0
$0
$0
$0
Linda Bryant
Director
board member
$0
$0
$0
$0
Ronald Frazier
Chairman
board chair
$0
$0
$0
$0
Mr Otto Latimer
Secretary
officer (unspecified)
$0
$0
$0
$0
Eric Knowles
Director
board member
$0
$0
$0
$0
Patrick Range II
Director
board member
$0
$0
$0
$0
Sonless Martin
Director
board member
$0
$0
$0
$0
Monique Haynes
Director
board member
$0
$0
$0
$0
James Dillard
Director
board member
$0
$0
$0
$0

Similar Organizations

PINELLAS SUNCOAST ASSOCIATION OF

Clearwater, FL

$4.2M revenue
Similar sector (S)Very similar revenue ($4.2M vs $3.9M)Same state (Florida)Comparable compensation levels
TAMPA HILLSBOROUGH ECONOMIC DEVELOPMENT

Tampa, FL

$3.6M revenue
Similar sector (S)Very similar revenue ($3.6M vs $3.9M)Same state (Florida)Comparable compensation levels
PARKER STREET MINISTRIES INC

Lakeland, FL

$3.9M revenue
Similar sector (S)Very similar revenue ($3.9M vs $3.9M)Same state (Florida)Similar size (16 vs 14 executives)
MOORE NORTH AMERICA INC

Hollywood, FL

$3.7M revenue
Similar sector (S)Very similar revenue ($3.7M vs $3.9M)Same state (Florida)Similar size (12 vs 14 executives)
BROWARD COUNTY COMMUNITY DEV

Fort Lauderdale, FL

$4.5M revenue
Similar sector (S)Similar revenue ($4.5M vs $3.9M)Same state (Florida)Similar median compensation ($164k vs $175k)Similar size (14 vs 14 executives)
HISPANIC BUSINESS INITIATIVE FUND INC

Orlando, FL

$4M revenue
Similar sector (S)Very similar revenue ($4M vs $3.9M)Same state (Florida)
MIAMI BEACH COMMUNITY DEVELOPMENT

Miami Beach, FL

$2.1M revenue
Same sector (S310)Comparable revenue ($2.1M vs $3.9M)Same state (Florida)
NAATBATT INTERNATIONAL

Longboat Key, FL

$4.1M revenue
Similar sector (S)Very similar revenue ($4.1M vs $3.9M)Same state (Florida)
MTM CAPITAL HOLDINGS INC

Lake City, FL

$3.6M revenue
Similar sector (S)Very similar revenue ($3.6M vs $3.9M)Same state (Florida)
FRESH MINISTRIES INC

Jacksonville, FL

$4.2M revenue
Similar sector (S)Very similar revenue ($4.2M vs $3.9M)Same state (Florida)
Data from IRS Form 990 filings (2023).