Burlington Development Corporation
AI Summary
Burlington Development Corporation is a public housing nonprofit focused on developing, financing, and operating housing for low-income people and families, while providing supportive services that help residents become academically successful and economically self-sufficient. In fiscal year 2024, it reported a $2.3M operating budget and $3.2M in total revenue, with major support from UNITED WAY OF ALAMANCE COUNTY INC, ALAMANCE COMMUNITY & HEALTH FOUNDATION, and Wells Fargo Foundation.
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Mission Statement
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.
Cause Areas
1
Public housing
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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- 5 funders
- 18 board & team members
- 12 historic 990s & financials
- 6-year operating budget trend
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Frequently Asked Questions
What is Burlington Development Corporation’s budget?
In 2024, Burlington Development Corporation reported an annual operating budget of around $2.3 million. More detailed financial information is available to registered users.
What causes does Burlington Development Corporation support?
Burlington Development Corporation supports work in Public housing.
Where does Burlington Development Corporation operate?
Burlington Development Corporation is headquartered in Burlington, NC.
Who funded Burlington Development Corporation recently?
In 2024, Burlington Development Corporation received grants from UNITED WAY OF ALAMANCE COUNTY INC, UNITED WAY OF ALAMANCE COUNTY INC, and UNITED WAY OF ALAMANCE COUNTY INC. More information on this organization’s funders is available to registered users.
What is the largest grant Burlington Development Corporation received in 2024?
The largest grant to Burlington Development Corporation in 2024 exceeds $23 thousand.
What is Burlington Development Corporation’s reliance on government grants?
Burlington Development Corporation relied on government grants for more than 70% of their total revenue in 2024.
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