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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building BAC Funding Corporation

BAC Funding Corporation

Fiscal year ending 2024. Filed on November 17, 2025.

6600 NW 27th Avenue
Miami, Florida 33147

BAC Funding Corporation (EIN: 59-2196535) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, BAC Funding Corporation, a 501(c)(3) charitable organization, reported compensation for 1 out of 3 total employees. Among the employees shown here, the average compensation is $185,000. The highest compensated employee at BAC Funding Corporation is Jessie Houston II with fiscal year 2024 compensation of $185,000.

Revenue, expenses, and employee compensation

Revenue

$3,945,176

Expenses

$3,822,031

Employee compensation

$433,840
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jessie Houston II
Controller
$185,000
$185,000 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Eric Knowles
Director
James Dillard
Director
John Hall
Director
Leonard Garrett
Director
Linda Bryant
Director
Miguel Rasco
Director
Monique Haynes
Director
Mr Otto Latimer
Secretary
Patrick Range II
Director
Ricardo Forbes
Director
Ronald Frazier
Chair
Sonless Martin
Director

Mission Statement

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.

Revisions to this organization profile

November 17, 2025:
2024 BAC Funding Corporation 990 filed
November 12, 2024:
2023 BAC Funding Corporation 990 filed
November 15, 2023:
2022 BAC Funding Corporation 990 filed

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Miami, Florida