North Carolina · Nonprofit
Burlington Development Corporation
Burlington Development Corporation (North Carolina) receives grants from 5 organizations whose IRS filings report $287,814 to it, the largest being UNITED WAY OF ALAMANCE COUNTY ($191,616). 3 of them have funded it in more than one year.
- Revenue FY2025
- $4.5M
- Funders on record
- 5
- Grants received
- $288k
- Net assets
- $15M
What Burlington Development Corporation does
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.
As stated on its FY2025 Form 990.
Program
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.
$3,297,045 spent$3,401,404 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $3,297,045.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $20M to $32M (+60%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 12% · 2023 38% · 2024 70%. Grants only. Government contracts and fees sit inside program revenue.
22% of Burlington Development Corporation’s revenue is contributions — about as donation-reliant as the typical peer (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Patrick Mills
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $22k → $33k.
2 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 9% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Burlington Development Corporation’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Burlington Development Corporation leans on a few funders — its largest provides 67% of grant income and the top three 99%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
99% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Burlington Development Corporation.
Largest funder’s share by year: 2017 100% · 2018 54% · 2019 67% · 2020 50% · 2021 84% · 2022 68% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
99% of Burlington Development Corporation's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $25k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Burlington Development Corporation holds deeper cash reserves than three-quarters of the 2,196 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 2,196 housing & shelter nonprofits $1M–$10M, FY2025
Government funding Burlington Development Corporation receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $472k on record.
- Department of Housing and Urban Development$472k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Burlington Development Corporation
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
92% of spending goes to programs.
Governance
Public support
97%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- BDC Investment Communities LLC · disregarded
- Burlington Housing Authority · exempt
Screen this organization
A dated, signed PDF of the compliance screen for Burlington Development Corporation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Burlington Development Corporation?
- Burlington Development Corporation (North Carolina) receives grants from 5 organizations whose IRS filings report $287,814 to it, the largest being UNITED WAY OF ALAMANCE COUNTY ($191,616). 3 of them have funded it in more than one year.
- How many funders does Burlington Development Corporation have?
- IRS filings report 5 organizations giving $287,814 in grants to Burlington Development Corporation, 3 of which have funded it in more than one year.
- Who is the largest funder of Burlington Development Corporation?
- UNITED WAY OF ALAMANCE COUNTY is the largest funder on record, with $191,616 in grants. The full list of funders is on this page.
- How can an organization like Burlington Development Corporation find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Burlington Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing