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BURLINGTON DEVELOPMENT CORPORATION

EIN 56-1878125 BURLINGTON, NC

Browse the largest nonprofits in North Carolina

Revenue 2024
$4,460,729
Expenses 2024
$3,587,837

Program services were 91.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
L21
Classification
1000
Street
133 N IRELAND ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

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.

  • Provide scholarships and other programs and learning experiences to support continuing education for low- and very-low-income persons. Provide opportunities for low- and very-low-income families to move from assisted housing. In addition, the Burlington Housing Authority converted using HUD's Rental Assistance Demonstration (RAD) program.

    Expenses $3,297,045 · Revenue $3,401,404

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Veronica Revels

    President

    Total calculated
    $0
    Hours/week
    2
  • Melinda Freeman

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.5
  • Charles Carter

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    0.5
  • Millicent Cash

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Reggie Wilson

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Michael Graves

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Patrick Mills

    Chair

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $4,460,729
    Expenses
    $3,587,837
    Contributions
    $969,037
    Grants paid
    $0
  • 2023
    Revenue
    $3,209,999
    Expenses
    $2,338,581
    Contributions
    $2,302,441
    Grants paid
    $0
  • 2022
    Revenue
    $151,732
    Expenses
    $187,650
    Contributions
    $128,450
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $143,413
    Expenses
    $107,902
    Assets (EOY)
    $2,066,987
  • 2020 · 990

    Revenue
    $472,843
    Expenses
    $102,634
    Assets (EOY)
    $2,030,756
  • 2019 · 990

    Revenue
    $198,042
    Expenses
    $168,588
    Assets (EOY)
    $1,659,028
  • 2018 · 990

    Revenue
    $153,013
    Expenses
    $220,992
    Assets (EOY)
    $1,657,822
  • 2017 · 990

    Revenue
    $132,734
    Expenses
    $129,339
    Assets (EOY)
    $1,700,928
  • 2016 · 990

    Revenue
    $112,579
    Expenses
    $156,440
    Assets (EOY)
    $1,706,789
  • 2015 · 990

    Revenue
    $365,922
    Expenses
    $300,250
    Assets (EOY)
    $1,743,644
  • 2014 · 990

    Revenue
    $325,528
    Expenses
    $300,668
    Assets (EOY)
    $1,676,767
  • 2014 · 990

    Revenue
    $325,528
    Expenses
    $300,668
    Assets (EOY)
    $1,676,767
  • 2013 · 990

    Revenue
    $26,572
    Expenses
    $48,392
    Assets (EOY)
    $1,647,905

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.