- 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
-
2022 COMMUNITY SUPPORT
-
2023 COMMUNITY SUPPORT
-
2024 COMMUNITY SUPPORT
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
-
Management Agent to Corporation · NC · controlled entity
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
-
BDC Investment Communities LLC
Owns and operates low income housing rentals · NC · income $4,355,594 · assets $13,528,185
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.