Burlington Development Corporation
AI Summary
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The Burlington Development Corporation (EIN: 56-1878125) is a nonprofit organization focused on public housing, dedicated to developing, financing, and operating housing for low-income individuals and families. With an operating budget of $2.3 million and total revenue of $3.2 million for the 2024 filing year, BDC aims to foster resident self-sufficiency through supportive services and community collaboration. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. More information can be found on their website at burlingtonha.org.
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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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.