Fiscal year ending 2020. Filed on November 13, 2020.
156 Tuskawilla Road Suite 2340
Winter Springs, Florida 32708
Florida Development Finance Corporation (EIN: 59-3270584) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, Florida Development Finance Corporation, a 501(c)(4) civic league or social welfare organization, reported compensation for 2 out of 7 total employees. Among the employees shown here, the average compensation is $156,435. The highest compensated employee at Florida Development Finance Corporation is Bill Spivey with fiscal year 2020 compensation of $179,787.
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Employee compensation
FLORIDA DEVELOPMENT FINANCE CORPORATION ("FDFC") ACCOMPLISHES ITS MISSION OF PROVIDING TAXABLE AND TAX-EXEMPT BOND FINANCING TERMS CONSISTENT WITH THOSE AVAILABLE TO LARGE CORPORATIONS TO SMALL, CREDITWORTHY MANUFACTURERS, 501(C)(3) NOT-FOR-PROFIT CORPORATIONS, AND ANY OTHER ELIGIBLE BORROWER OR PROJECT BY ACTING AS A CONDUIT ISSUER OF REVENUE BONDS. THE PROGRAM IS DESIGNED TO IMPROVE THE AVAILABILITY OF LOW COST FINANCING FOR ELIGIBLE BORROWERS AND PROJECTS THAT QUALIFY FOR TAX EXEMPT FINANCE UNDER IRS RULES, ALLOWING THESE ENTITIES TO BE MORE COMPETITIVE IN THE GLOBAL AND DOMESTIC MARKET PLACE. TRANSACTIONS THAT DO NOT MEET IRS QUALIFYING RULES FOR TAX EXEMPT FINANCE CAN BE FINANCED WITH TAXABLE BONDS THROUGH FDFC. FDFC HAS ISSUED BONDS FOR CHARTER SCHOOLS, TRANSPORTATION FACILITIES, INDUSTRIAL DEVELOPMENT FACILITIES, SENIOR LIVING FACILITIES AND SOLID WASTE DISPOSAL FACILITIES.
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