#25of 1,000 in 2025

Burlington Development Corporation

Location
Burlington, North Carolina
Sector
Housing
Founded
1982
3,123%Three-year growth, FY2022 to FY2025
$4.4MFY2025 revenue
0Employees, FY2025
#3of 74 in Housing
#2of 40 in North Carolina

Revenue by fiscal year

FY2022: $135,607 $136K FY22 FY2023: $128,450 $128K FY23 FY2024: $3,121,364 $3.1M FY24 FY2025: $4,370,441 $4.4M FY25

Where revenue came from, FY2025

Program revenue
$3.4M · 78%
Related organizations
$937K · 21%
Gifts and grants
$32K · 1%
Total revenue on the 990
$4,460,729
Investment income
− $90,288
Revenue we count
$4,370,441

What it does

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.

Leadership

Veronica RevelsPrincipal officer

EIN 56-1878125 · Full filings on ProPublica

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