Florida Redevelopment Association Inc
Nonprofit profile at a glance
- EIN
- 592088898
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Tallahassee, FL, USA
- Phone
- 8502229684
- Rating confidence
- Limited
Reported finances
- Revenue
- $629,498
- Expenses
- $594,960
- Assets
- $968,010
- Liabilities
- $342,608
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- BRENDA THROWER (PAST PRESIDENT)
- RENEE JADUSINGH (PRESIDENT)
- MICHELE HYLTON-TERRY (PRESIDENT ELECT)
Highest reported compensation
- LAURA SMITH (DIRECTOR): $10,500 total reported compensation
- RENEE JADUSINGH (PRESIDENT): $4,000 total reported compensation
- BRENDA THROWER (PAST PRESIDENT): $2,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Fra is a not-for-profit organization dedicated to assisting Florida professionals and volunteers in community revitalization efforts. With its mission of transforming spaces, revitalizing places, fra is committed to providing a forum for its more than 300 members to share knowledge and common experiences regarding revitalization opportunities and issues throughout Florida. Fra encourages adoption of legal and financial tools and programs favorable to community growth and serves as a statewide clearinghouse for redevelopment information.
What it reported doing in 2024
Redevelopment academy - the academy is a unique educational program, designed to promote a prerequisite level of knowledge and professionalism in the field of community redevelopment. The courses are open to anyone interested in learning more about redevelopment practice in Florida. If a member is interested, they may take all the required courses to achieve a "designation" - there are two designations - "administrator or "professional." only fra members in good standing are eligible for designation. Six courses are required for graduation/designation. There are three core courses - cra 101; budgeting, funding and reporting; and operations and capacity building. The six elective courses are creating & using redevelopment incentives, capital project management, housing as a redevelopment tool, infrastructure 1 - above ground, planning strategically for redevelopment, and redevelopment program management. The graduation ceremony is held at the fra annual conference, and each graduate receives an official certificate and designation. The graduate can then start using the credentials of "fra-ra or "fra-rp" after their name. A total of 176 individuals participated in the academy courses offered throughout the year.
Operating model
- Revenue model
- Earned-program. 65% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 77
- Sustainability: 50
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.7%; rating input score 96; 26th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.5%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 1.63; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.35; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 2.8%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 9.2% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 14.6% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 22 of 23 board members independent · 4 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $10K · 22 people listed
- Consistency: 11 of 11 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- Review — Sustainability: Operating margin scored 51/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.