Bethursday Development Corporation
- Assets
- $1.9m
- Revenue
- $155.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Atlanta, GA
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 58-2122958
Organization Overview
Bethursday Development Corporation is located in Atlanta, GA. The organization was established in 1995. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Bethursday Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethursday Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bethursday Development Corporation generated $155.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $174.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBORHOOD REDEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEIGHBORHOOD REDEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Kenny M Alexander Chairman | Officer | 5 | $0 |
Dr Lee Baker Vice Chairman | Officer | 4 | $0 |
Randall Wilson Treasurer | Officer | 10 | $0 |
Evelyn Roberts Secretary | Officer | 5 | $0 |
Garry Mott Chief Financial Officer | Officer | 8 | $0 |
R Leandras Jones Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $98,293 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,293 |
| Total Program Service Revenue | $211 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,950 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,454 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,033 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $333 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,991 |
| Total functional expenses | $174,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,574 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,932,684 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,944,258 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,944,258 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,944,258 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homes Of Hope Inc Greenville, SC | $52,743,040 | $8,879,901 |
Housing Enterprises Of Florida Inc Fort Lauderdale, FL | $57,300,786 | $6,602,797 |
The Housing League Inc Vero Beach, FL | $4,626,123 | $3,771,376 |
Dhic Inc Raleigh, NC | $31,965,470 | $6,009,696 |
Promise Development Corporation Memphis, TN | $5,823,077 | $3,033,896 |
Northwest Jacksonville Community Development Corporation Jacksonville, FL | $9,692,775 | $1,930,316 |
Crossroads Corp For Affordable Housing And Community Dev Inc Charlotte, NC | $3,590,675 | $1,496,977 |
Millbrook Homes Inc Winstonsalem, NC | $1,657,494 | $820,182 |
Housing Programs Inc North Miami Beach, FL | $1,290,824 | $448,240 |
Champions Community Foundation Inc Johns Creek, GA | $6,758,980 | $1,049,035 |
Fayetteville Area Operationinasmuch Fayetteville, NC | $1,640,883 | $714,527 |
Community Housing Services Agency Inc Savannah, GA | $5,401,354 | $1,041,756 |