NonprofitsBurlington Development Corporation

Housing & Shelter

Burlington Development Corporation

BURLINGTON, NC

Total revenue

$3.2M

Total expenses

$2.3M

Net assets

$14.5M

Grants received

$209K

9 grants

EIN

561878125

Tax year

2023

Mission

BDC's goals and objectives are to engage in or assist in development, financing and/or the operation of housing for low-income people and families and to provide supportive services necessary for the residents to become academically successful and economically self-sufficient. BDC strives to change the public housing culture, values and behavior through positive incentives doe resident self-sufficiency, providing programs and services that empower residents and collaboration and partnerships throughout the community to meet that end.

Financials

FY 2023

Revenue

Contributions & grants$2.3M
Program service revenue$819K
Investment income$89K
Other revenue
Total revenue$3.2M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$2.3M
Total expenses$2.3M
Total assets$20.3M
Net assets$14.5M

People

7 listed

NameRoleCompensation

Veronica Revels

President

Board

2 hrs/wk

Charles Carter

Trustee

Board

0.5 hrs/wk

Millicent Cash

Trustee

Board

0.5 hrs/wk

Reggie Wilson

Trustee

Board

0.5 hrs/wk

Michael Graves

Trustee

Board

0.5 hrs/wk

Melinda Freeman

Vice President

Board

0.5 hrs/wk

Patrick Mills

Trustee

Board

0.5 hrs/wk

Grants received

Showing 9 of 9

FromAmountPurposeYear
$23K
COMMUNITY SUPPORT
2023
$33K
COMMUNITY SUPPORT
2022
$22K
COMMUNITY SUPPORT
2021
$10K
Community Work Emergency Support
2021
$13K
COMMUNITY SUPPORT
2020
$25K
COMMUNITY SUPPORT
2019
$50K
Community Health Fund
2018
$8K
Community Health Fund
2017

Funded by

$209K from 3 funders · 9 grants · 2017–2023

United Way Of Alamance County Inc

$116K · 5 grants · 2019–2023

Alamance Community & Health Foundation

$68K · 3 grants · 2017–2021

Natl Christian Charitable Fdn Inc

$25K · 1 grant · 2020

Details

EIN561878125
NTEE codeL21
Subsection03
Ruling date2000-03
Employees0
BURLINGTON DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo