Public Charity

Burlington Development Corporation

Based in Burlington, NC, Burlington Development Corporation operates as a Public Charity. The organization reported $3.2M in revenue, $2.3M in expenses, $20.3M in total assets for fiscal year 2024. Imperigo tracks 13 reported grant relationships connected to this organization totaling approximately $285K.

EIN: 561878125 Burlington, NC Latest filing: 2024
Total Revenue$3.2M
Total Expenses$2.3M
Total Assets$20.3M
Grant Records13
Funding Total$285K
Filing Years2020–2024

Mission

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.

Officers & Directors

Trustee Charles Carter
Vice President Melinda Freeman
Trustee Michael Graves
Trustee Millicent Cash
Trustee Patrick Mills
Trustee Reggie Wilson

Officer compensation and complete director data available with membership.

Top Grant Purposes

COMMUNITY SUPPORT
$191,616 9 grants
Community Health Fund
$58,400 2 grants
POVERTY
$25,000 1 grant
Community Work Emergency Support
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $3.2M $2.3M $20.3M
2023 $152K $188K $13.8M
2022 $143K $108K $2.1M
2021 $473K $103K $2.0M
2020 $198K $169K $1.7M

Between 2020 and 2024, reported annual revenue grew from $198K to $3.2M (+1521%), with total assets most recently reported at $20.3M.

Interactive year-over-year charts and full filing details available with membership.

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