Civic Intelligence

Tacolcy Economic Development Corporation

EIN 59-2246692 • 501(c)3 • Miami, FL

Profile

Tacolocy economic development corporation was formed to develop low-income housing, provide property management services, commercial development and a jobs program

5900 NW 7th Avenue Apt 102Miami, FL 33127

tedcbuilds.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

39th percentile

0.15x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

2.46x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

22nd percentile

-4.4%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

92nd percentile

33%

Faster asset growth than 92% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-28%

Faster revenue growth than 7% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$57,215,886

Up $14,240,177 (+33%) from 2023

Liabilities

Up

$8,515,165

Up $5,305,793 (+165%) from 2023

Net Assets

Up

$48,700,721

Up $8,934,384 (+22%) from 2023

Revenue

Down

$3,466,724

Down $1,359,529 (-28%) from 2023

Expenses

Up

$3,617,964

Up $1,668,393 (+86%) from 2023

Net Income

Down

-$151,240

Down $3,027,922 (-105%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2011: $16,477,691Liabilities 2011: $10,821,285Net Assets 2011: $5,656,4062011Assets 2012: $16,562,095Liabilities 2012: $11,297,531Net Assets 2012: $5,264,5642012Assets 2013: $16,711,270Liabilities 2013: $11,541,827Net Assets 2013: $5,169,4432013Assets 2014: $23,903,070Liabilities 2014: $12,122,704Net Assets 2014: $11,780,3662014Assets 2015: $25,243,887Liabilities 2015: $12,051,012Net Assets 2015: $13,192,8752015Assets 2016: $21,916,805Liabilities 2016: $5,439,467Net Assets 2016: $16,477,3382016Assets 2017: $24,444,960Liabilities 2017: $5,510,785Net Assets 2017: $18,934,1762017Assets 2021: $39,586,242Liabilities 2021: $6,303,507Net Assets 2021: $33,282,7352021Assets 2022: $39,885,629Liabilities 2022: $2,447,405Net Assets 2022: $37,438,2242022Assets 2023: $42,975,709Liabilities 2023: $3,209,372Net Assets 2023: $39,766,3372023Assets 2024: $57,215,886Liabilities 2024: $8,515,165Net Assets 2024: $48,700,7212024

Highlighted filing

2024

Assets$57,215,886
Liabilities$8,515,165
Net Assets$48,700,721

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $1,886,102Expenses 2011: $2,449,327Net Income 2011: -$563,2252011Revenue 2012: $2,117,285Expenses 2012: $2,509,127Net Income 2012: -$391,8422012Revenue 2013: $2,161,234Expenses 2013: $2,414,168Net Income 2013: -$252,9342013Revenue 2014: $9,120,484Expenses 2014: $2,509,561Net Income 2014: $6,610,9232014Revenue 2015: $4,461,064Expenses 2015: $3,048,555Net Income 2015: $1,412,5092015Revenue 2016: $2,018,984Expenses 2016: $2,195,427Net Income 2016: -$176,4432016Revenue 2017: $4,069,950Expenses 2017: $1,923,249Net Income 2017: $2,146,7012017Revenue 2021: $4,600,736Expenses 2021: $2,981,626Net Income 2021: $1,619,1102021Revenue 2022: $6,042,351Expenses 2022: $1,886,862Net Income 2022: $4,155,4892022Revenue 2023: $4,826,253Expenses 2023: $1,949,571Net Income 2023: $2,876,6822023Revenue 2024: $3,466,724Expenses 2024: $3,617,964Net Income 2024: -$151,2402024

Highlighted filing

2024

Revenue$3,466,724
Expenses$3,617,964
Net Income-$151,240

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 25, 2025
Return Version
2024v5.2
Gross Receipts
$3,466,724
Mission and Program Overview

Mission

Tacolocy economic development corporation was formed to develop low-income housing, provide property management services, commercial development and a jobs program

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$16,450,820$28,086,140▲ $11,635,320
Cash and Non-Interest-Bearing Accounts$4,738,004$6,217,050▲ $1,479,046
Land, Buildings, and Equipment, Net$46,745$3,686,745▲ $3,640,000
Investments Program Related$1,414,987$1,414,987→ $0
Prepaid Expenses and Deferred Charges$50,000$30,000▼ $20,000
Total Assets$42,975,709$57,215,886▲ $14,240,177
Other Assets Total$20,275,153$17,780,964▼ $2,494,189
Liabilities
Other Liabilities$2,987,849$8,432,440▲ $5,444,591
Accounts Payable and Accrued Expenses$221,523$82,725▼ $138,798
Total Liabilities$3,209,372$8,515,165▲ $5,305,793
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$39,766,337$48,700,721▲ $8,934,384
Total Net Assets Fund Balance$39,766,337$48,700,721▲ $8,934,384
Total Liabilities and Net Assets / Fund Balance$42,975,709$57,215,886▲ $14,240,177

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$9,295,270$9,295,270
Land$3,685,814-$3,685,814
Equipment-$268,489$268,489
Leasehold Improvements$931$101,759$102,690
Other Assets Org$1,717,028--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Luce LohierChairwoman
Carol GardnerPresident
Tedric GriffinBoard Member
Deidre HudsonSecretary
Larry BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,500
Program Service Revenue
$1,872,008
Investment Income
$491,462
Other Revenue
$1,095,754
All Other Contributions
$7,500
Change in Net Assets
$-151,240

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,466,724
Total Revenue per Audited Statements
$3,466,724
Total Revenue per Form 990
$3,466,724
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,676,236
Salaries, Compensation, and Employee Benefits$941,728
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,638,489$182,054-$1,820,543
Other Salaries and Wages$744,748$82,750-$827,498
Fees for Services Other$234,283$26,032-$260,315
Interest$143,717$15,969-$159,686
Other Employee Benefits$102,807$11,423-$114,230
Conferences and Meetings$84,309$9,368-$93,677
Insurance$70,452$7,828-$78,280
Office Expenses$42,943$4,772-$47,715
Information Technology$9,949$1,105-$11,054
Advertising$9,307$1,034-$10,341
Depreciation Depletion$6,934$771-$7,705
All Other Expenses$2,153$239-$2,392
Total Functional Expenses$3,256,166$361,798$0$3,617,964

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,617,964
Total Expenses per Audited Statements$3,617,964
Total Expenses per Form 990$3,617,964
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$5,428,343
Federal income taxes$1,500,000
Line of Credit$920,164
Sba Loan Payable$446,684
Loan Payable$137,249
Due to Third Parties-
Note Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 and the audited financial statements are reviewed by the president and board of directors members prior to filing with the irs

Form 990, Part VI, Section B, Line 12C

Members of the board of directors are required to disclose any related party transactions and conflict of interest as part of the annual audit

Form 990, Part VI, Section B, Line 15B

The board of directors review and approve the compensation of the president and any changes to the compensation

Form 990, Part VI, Section A, Line 1A

There is no material difference in voting rights of members of the board of directors

Filing and Contact Details

Filer

Filer Name
Tacolcy Economic Development Corporation
EIN
59-2246692
Phone
3057573737
Address
5900 NW 7TH AVENUE APT 102, Miami, FL 33127

Signing Officer

Name
Carol Gardner
Title
President
Phone
3057573737
Signed
2025-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Gardner
Formed
1982
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
0
Employees
7

Preparer

Firm
Thomas & Co CPA Pa
Address
9710 STIRLING RD STE 101, COOPER CITY, FL 33024
Preparer
Roby J Thomas
Phone
9544357272
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 1A

Tedc complied with backup withholding rules for reportable payments to vendors

Raw XML AppendixShowing 400 of 417 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYOtherRevenueAmt0231773
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IRS990/PYRevenuesLessExpensesAmt02876682
IRS990/PYSalariesCompEmpBnftPaidAmt01191643
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IRS990/PYTotalRevenueAmt04826253
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-151240
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt07500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt09000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03505000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03521500
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt03521500
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt07500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt09000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03505000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03521500
IRS990ScheduleA/TotalSupportAmt03521500
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09295270
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09295270
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0268489
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0268489
IRS990ScheduleD/ExpensesSubtotalAmt03617964
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt03685814
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03685814
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0931
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0101759
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0102690
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt010860772
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14322508
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2880656
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31717028
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEVELOPER FEE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OPERATING LEASE ASSET ROU
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4PRE-DEVELOPMENT COST
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1137249
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2920164
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3446684
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt45428343
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SBA LOAN PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5DUE TO THIRD PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6NOTE PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt03686745
IRS990ScheduleD/TotalBookValueOtherAssetsAmt017780964
IRS990ScheduleD/TotalExpensesPerForm990Amt03617964
IRS990ScheduleD/TotalLiabilityAmt08432440
IRS990ScheduleD/TotalRevenuePerForm990Amt03466724
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03617964
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE PRESIDENT AND BOARD OF DIRECTORS MEMBERS PRIOR TO FILING WITH THE IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY RELATED PARTY TRANSACTIONS AND CONFLICT OF INTEREST AS PART OF THE ANNUAL AUDIT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEW AND APPROVE THE COMPENSATION OF THE PRESIDENT AND ANY CHANGES TO THE COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE IS NO MATERIAL DIFFERENCE IN VOTING RIGHTS OF MEMBERS OF THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TEDC COMPLIED WITH BACKUP WITHHOLDING RULES FOR REPORTABLE PAYMENTS TO VENDORS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part V, Line 1a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt042975709
IRS990/TotalAssetsEOYAmt057215886
IRS990/TotalAssetsGrp/BOYAmt042975709
IRS990/TotalAssetsGrp/EOYAmt057215886
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07500
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0361798
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03256166
IRS990/TotalFunctionalExpensesGrp/TotalAmt03617964
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03209372
IRS990/TotalLiabilitiesEOYAmt08515165
IRS990/TotalLiabilitiesGrp/BOYAmt03209372
IRS990/TotalLiabilitiesGrp/EOYAmt08515165
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt039766337
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt048700721
IRS990/TotalProgramServiceExpensesAmt03256166
IRS990/TotalProgramServiceRevenueAmt01872008
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03459224
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03466724
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt042975709
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt057215886
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05900 NW 7TH AVENUE SUITE 102
IRS990/USAddress/CityNm0MIAM
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033127
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0https://tedcbuilds.org/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL GARDNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03057573737
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TACOLCY ECONOMIC DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0TACO
ReturnHeader/Filer/EIN0592246692
ReturnHeader/Filer/PhoneNum03057573737
ReturnHeader/Filer/USAddress/AddressLine1Txt05900 NW 7TH AVENUE APT 102

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