Civic Intelligence

Northwest Florida Black Business Investment Corporation

EIN 59-3001127 • 501(c)4 • Tallahassee, FL

Profile

To facilitate the financing of projects undertaken by african-americans.

PO Box 10782Tallahassee, FL 32302-2782

n/A

Siviq Scores

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

Liabilities / Assets

84th percentile

0.42x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

8.68x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

17th percentile

-11%

Higher net margin than 17% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

35th percentile

0.3%

Faster asset growth than 35% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

6.7%

Faster revenue growth than 48% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$4,273,101

Up $14,331 (+0.3%) from 2023

Liabilities

Up

$1,790,101

Up $37,300 (+2.1%) from 2023

Net Assets

Down

$2,483,000

Down $22,969 (-0.9%) from 2023

Operations
Liabilities / Revenue98th percentileNet Margin17th percentile

Revenue

Up

$206,171

Up $12,859 (+6.7%) from 2023

Expenses

Up

$229,140

Up $21,025 (+10%) from 2023

Net Income

Down

-$22,969

Down $8,166 (-55%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,259,541Liabilities 2011: $2,012,869Net Assets 2011: $1,246,6722011Assets 2012: $3,586,770Liabilities 2012: $2,024,357Net Assets 2012: $1,562,4132012Assets 2013: $3,917,494Liabilities 2013: $2,015,253Net Assets 2013: $1,902,2412013Assets 2014: $4,294,163Liabilities 2014: $2,028,408Net Assets 2014: $2,265,7552014Assets 2015: $4,299,318Liabilities 2015: $2,005,347Net Assets 2015: $2,293,9712015Assets 2016: $4,331,643Liabilities 2016: $2,011,472Net Assets 2016: $2,320,1712016Assets 2017: $4,348,842Liabilities 2017: $2,007,100Net Assets 2017: $2,341,7422017Assets 2018: $4,200,199Liabilities 2018: $1,844,075Net Assets 2018: $2,356,1242018Assets 2020: $4,277,287Liabilities 2020: $1,856,373Net Assets 2020: $2,420,9142020Assets 2021: $4,322,118Liabilities 2021: $1,842,634Net Assets 2021: $2,479,4842021Assets 2022: $4,363,074Liabilities 2022: $1,842,302Net Assets 2022: $2,520,7722022Assets 2023: $4,258,770Liabilities 2023: $1,752,801Net Assets 2023: $2,505,9692023Assets 2024: $4,273,101Liabilities 2024: $1,790,101Net Assets 2024: $2,483,0002024

Highlighted filing

2024

Assets$4,273,101
Liabilities$1,790,101
Net Assets$2,483,000
Open 2024 Filing

Operations Trend

Revenue Growth48th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $386,212Expenses 2011: $114,840Net Income 2011: $271,3722011Expenses 2012: $115,7242012Expenses 2013: $116,2282013Revenue 2014: $480,835Expenses 2014: $117,321Net Income 2014: $363,5142014Revenue 2015: $145,455Expenses 2015: $117,239Net Income 2015: $28,2162015Revenue 2016: $143,875Expenses 2016: $117,675Net Income 2016: $26,2002016Revenue 2017: $125,893Expenses 2017: $104,322Net Income 2017: $21,5712017Revenue 2018: $152,617Expenses 2018: $88,967Net Income 2018: $63,6502018Revenue 2020: $148,851Expenses 2020: $138,904Net Income 2020: $9,9472020Revenue 2021: $144,793Expenses 2021: $86,223Net Income 2021: $58,5702021Revenue 2022: $166,582Expenses 2022: $125,294Net Income 2022: $41,2882022Revenue 2023: $193,312Expenses 2023: $208,115Net Income 2023: -$14,8032023Revenue 2024: $206,171Expenses 2024: $229,140Net Income 2024: -$22,9692024

Highlighted filing

2024

Revenue$206,171
Expenses$229,140
Net Income-$22,969
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,273,101
Liabilities
$1,790,101
Net assets
$2,483,000
Revenue
$206,171
Expenses
$229,140
Net income
-$22,969
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.27$1.79$2.48$0.21$0.23$0.02
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$1.75$2.51$0.19$0.21$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.36$1.84$2.52$0.17$0.13$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.32$1.84$2.48$0.14$0.09$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.28$1.86$2.42$0.15$0.14$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.20$1.84$2.36$0.15$0.09$0.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.35$2.01$2.34$0.13$0.10$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.33$2.01$2.32$0.14$0.12$0.03
2015Detailed filing. Detailed filing data is available for this year.$4.30$2.01$2.29$0.15$0.12$0.03
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.29$2.03$2.27$0.48$0.12$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$2.02$1.90$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$2.02$1.56$0.12
2011Summary only. Only limited summary data is available for this year.$3.26$2.01$1.25$0.39$0.11$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$206,171
Mission and Program Overview

Mission

To facilitate the financing of projects undertaken by african-americans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,728,511$2,768,835▲ $40,324
Savings and Temporary Cash Investments$1,147,539$1,247,948▲ $100,409
Cash and Non-Interest-Bearing Accounts$221,650$95,248▼ $126,402
Total Assets$4,258,770$4,273,101▲ $14,331
Other Assets Total$161,070$161,070→ $0
Liabilities
Other Liabilities$1,737,834$1,737,834→ $0
Accounts Payable and Accrued Expenses-$115,500-
Escrow Account Liability$14,967$-63,233▼ $78,200
Total Liabilities$1,752,801$1,790,101▲ $37,300
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,505,969$2,483,000▼ $22,969
Total Net Assets Fund Balance$2,505,969$2,483,000▼ $22,969
Total Liabilities and Net Assets / Fund Balance$4,258,770$4,273,101▲ $14,331
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Sherwood Brown SrExecutive DiFT$56,350$56,350

Board Members and Trustees

NameTitle
Ronnie AdamsChairman
Thomas Keith BowersVice Chair
Harold M KnowlesDirector
Keithen V MathisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$206,171
Other Revenue
$0
Change in Net Assets
$-22,969

Audited Revenue Reconciliation

Revenue per Audited Statements
$206,171
Total Revenue per Audited Statements
$206,171
Total Revenue per Form 990
$206,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$172,790
Salaries, Compensation, and Employee Benefits$56,350
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$26,625$29,725-$56,350
Fees for Services Accounting-$13,222-$13,222
Office Expenses$5,345$6,276-$11,621
Insurance$9,427--$9,427
Fees for Services Legal$7,710--$7,710
Occupancy$2,919$3,260-$6,179
Advertising$1,832--$1,832
Information Technology$750$837-$1,587
Other Expenses$947--$947
Travel$339--$339
Payment Travel Entrtnmnt Publicly Ofcl$26$28-$54
Total Functional Expenses$175,792$53,348$0$229,140

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$229,140
Total Expenses per Audited Statements$229,140
Total Expenses per Form 990$229,140
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Former DirectorExecutive DirectorNo$56,350
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Pool Commitment$1,683,741
Loan Loss Contingency$54,093
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 is prepared by the organization's independent accounting firm and reviewed by the executive director and contracted cpa preparing the books before filing. The chairman then signs form 8879-te authorizing the cpa firm to electronic submit the return to the irs.”

Form 990, Page 6, Part VI, Line 15A

“The executive committee annually reviews the president's performance and recommends to the board of directors an amount for the executive director's annual compensation from the organization.”

Form 990, Page 6, Part VI, Line 19

“The organization makes available to the public upon request its organizing documents and audited financial statements.”

Filing and Contact Details

Filer

Filer Name
Northwest Florida Black Business
EIN
59-3001127
Phone
8508935100
Address
PO BOX 10782, TALLAHASSEE, FL 32302-2782

Signing Officer

Name
Ronnie Adams
Title
Chairman
Phone
8508935100
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sherwood Brown Sr
Formed
1991
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Thomson Brock Luger & Company
Address
3375G CAPITAL CIR NE, TALLAHASSEE, FL 32308-3736
Preparer
Matthew R Hansard
Phone
8503857444
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“Escrow funds are collected from borrowers for real estate taxes and property insurance to protect the organization's collateral rights securing its loans to borrowers. Amounts are remitted directly to the appropriate taxing authority and insurance underwriters of property insurance policies.”

Raw XML Appendix302 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.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum08508935100
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IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt056350
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EXECUTIVE DIRECTOR
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE CURRENT EXECUTIVE DIRECTOR WAS A FORMER BOARD MEMBER WHO HAS BEEN CONTRACTED BY THE ORGANIZATION TO MANAGE THE OPERATIONS OF THE BUSINESS. COMPENSATION IS PAID TO HIS LIMITED LIABILITY COMPANY, S&R BROWN CONSULTING IN THE AMOUNT OF 56,350.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE EXECUTIVE DIRECTOR AND CONTRACTED CPA PREPARING THE BOOKS BEFORE FILING. THE CHAIRMAN THEN SIGNS FORM 8879-TE AUTHORIZING THE CPA FIRM TO ELECTRONIC SUBMIT THE RETURN TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE COMMITTEE ANNUALLY REVIEWS THE PRESIDENT'S PERFORMANCE AND RECOMMENDS TO THE BOARD OF DIRECTORS AN AMOUNT FOR THE EXECUTIVE DIRECTOR'S ANNUAL COMPENSATION FROM THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC UPON REQUEST ITS ORGANIZING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04258770
IRS990/TotalAssetsEOYAmt04273101
IRS990/TotalAssetsGrp/BOYAmt04258770
IRS990/TotalAssetsGrp/EOYAmt04273101
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt053348
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0175792
IRS990/TotalFunctionalExpensesGrp/TotalAmt0229140
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01752801
IRS990/TotalLiabilitiesEOYAmt01790101
IRS990/TotalLiabilitiesGrp/BOYAmt01752801
IRS990/TotalLiabilitiesGrp/EOYAmt01790101
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02505969
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02483000
IRS990/TotalProgramServiceExpensesAmt0175792
IRS990/TotalReportableCompFromOrgAmt056350
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0206171
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0206171
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04258770
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04273101
IRS990/TravelGrp/ProgramServicesAmt0339
IRS990/TravelGrp/TotalAmt0339
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0625 E TENNESSEE STREET SUITE 220-
IRS990/USAddress/CityNm0TALLAHASSEE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032301
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RONNIE ADAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08508935100
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTHWEST FLORIDA BLACK BUSINESS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INVESTMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0593001127
ReturnHeader/Filer/PhoneNum08508935100
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 10782
ReturnHeader/Filer/USAddress/CityNm0TALLAHASSEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd0323022782
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202259573
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THOMSON BROCK LUGER & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03375G CAPITAL CIR NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TALLAHASSEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0323083736
ReturnHeader/PreparerPersonGrp/PhoneNum08503857444
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW R HANSARD
ReturnHeader/ReturnTs02025-11-17T19:53:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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