Burlington Development Corporation

Burlington, NC, 27217 (336) 226-8421 Est. 1982 EIN 56-1878125
L21 - Low-Income & Subsidized Rental Housing 990 - Public charity return 501(c)(3)
www.burlingtonha.org

Mission

BDC's goals and objectives are to engage in or assist in the development, financing, and/or operation of housing for low-income people and families, and to provide supportive services necessary for 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

Total Revenue
$4,460,729
Total Expenses
$3,587,837
Net Assets
$15,347,520
7 volunteers
From latest filing (tax period ending 2025-09-30)

Financial Health

Operating Reserve
4.3 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 39.0%
Expenses ↑ 53.4%
Revenue Sources
Contributions 21.7% Earned revenue 76.3% Investment 2.0%
Expense Breakdown
Program 91.9% Management 8.1%

Officers & Key Employees (7)

Individual compensation is available on Grow plans.

Grants Received (14)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Oct 1, 2024 to Sep 30, 2025
$4,460,729 ↑$3,587,837$15,347,520
2023 990 - Public charity return
Oct 1, 2023 to Sep 30, 2024
$3,209,999 ↑$2,338,581$14,474,628
2022 990 - Public charity return
Oct 1, 2022 to Sep 30, 2023
$151,732 ↑$187,650$13,730,827
2021 990 - Public charity return
Oct 1, 2021 to Sep 30, 2022
$143,413 ↓$107,902$2,061,924
2020 990 - Public charity return
Oct 1, 2020 to Sep 30, 2021
$472,843 ↑$102,634$2,026,413
2019 990 - Public charity return
Oct 1, 2019 to Sep 30, 2020
$198,042 ↑$168,588$1,656,204
2017 990 - Public charity return
Oct 1, 2017 to Sep 30, 2018
$132,734 $129,339$1,694,729

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EIN: 56-1878125 · Source: IRS Form 990 e-file data