PALM BEACH COUNTY BLACK BUSINESS INVESTMENTS CORPORATION

RIVIERA BEACH, FL | Palm Beach County
Economic Development
PALM BEACH COUNTY BLACK BUSINESS INVESTMENTS CORPORATION
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

PALM BEACH COUNTY BLACK BUSINESS INVESTMENTS CORPORATION
59-2829862
2001 BROADWAY
RIVIERA BEACH, FL 33404
Palm Beach County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • CDFI Organization
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
405
Loans or grants for minority businesses
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
10/25/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$1.7M
Revenue
$1.7M
Assets
$5.1M

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
1988-05
Deductibility Status info
Not Deductible
Last Tax Filing info
2021
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
All organizations except 501(c)(3)

IRS Publication 78 Details info

As of January 2023
Verified in Publication 78 info
No
Deductibility Limitation info
Not reported
Organization Description info
Not reported

Nonprofit Location

Physical Address info
2001 BROADWAY
RIVIERA BEACH, FL 33404
Palm Beach County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
48424
MSA/MD info
12
State info
099
County info
0015.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
33100 - Miami-Fort Lauderdale-Pompano Beach, FL
Combined Statistical Area info
370 - Miami-Port St. Lucie-Fort Lauderdale, FL
Metropolitan Division info
48424 - West Palm Beach-Boca Raton-Boynton Beach, FL
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 84.21%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0015.00 Palm Beach County
Population
Total Population 3,077 1,481,233
Total Households 789 581,119
Income
Median Family Income (Census*) $48,355 $68,874
Median Family Income (2022 FFIEC est.) $90,300 N/A
Tract Income Percentage 60.6% N/A
Below Poverty Level 19.7% 11.6%
Unemployment Level 16.9% 6.1%
Housing
Total Housing Units 1,016 702,877
Total Owner-Occupied Units 35.6% 69.4%
Total Renter-Occupied Units 42.0% 30.6%
Total Vacant Units 22.3% 8.9%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

5
Total Voting Members
in Governing Body info
5
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Marlon White
President
(561) 845-8055
Principal Officer info
Michael Strickland
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.