2024-05-07T09:58:33-05:00 2022-12-31 571157523 APRIO LLP 1200 CORPORATE DR SUITE 200 BIRMINGHAM AL 35242 990 2022-01-01 630866917 BESSEMER NON-PROFIT DEVELOPMENT CORPORATION BESS 2054814420 PO BOX 1390 BESSEMER AL 35020 CORTNEY COLEMAN EXECUTIVE DIRECTOR 2054814420 2024-04-29 1 CORTNEY COLEMAN XXX-XX-XXXX 1 STACY CULLEN P00974308 2059915506 2024-04-29 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CORTNEY COLEMAN PO BOX 1390 BESSEMER AL 35020 1114247 0 X N/A X 1981 AL THE BESSEMER NON-PROFIT DEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT IN ALABAMA THAT PROVIDES LOW-INCOME RENTAL HOUSING FOR TENANTS. 3 3 0 3 0 0 677258 689641 399414 412600 12 21 10000 11985 1086684 1114247 611207 0 0 0 170003 301492 0 0 0 459574 996341 1240784 1297833 -154100 -183586 2871332 2510065 2381793 2157908 489539 352157 THE BESSEMER NON-PROFIT DEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT IN ALABAMA THAT PROVIDES LOW-INCOME RENTAL HOUSING FOR TENANTS. 0 0 979107 412600 HOUSING FOR LOW INCOME TENANTS 979107 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 AL X BESSEMER HOUSING AUTORITY 2054814420 PO BOX 1390 BESSEMER AL 35020 X SADIE HARRIS PRESIDENT 2.00 X X 0 0 0 TERRY DAWSON VICE PRESIDENT 2.00 X X 0 0 0 COURTNEY COLEMAN TREASURER / SECRETARY 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 689641 689641 TENANT RENTS 531110 412600 412600 412600 21 21 LAUNDRY & VENDING 900099 11985 11985 11985 1114247 412600 0 12006 252654 101152 151502 18037 650 17387 30801 1110 29691 53118 53118 2883 2883 28062 28062 11474 93 11381 1208 1208 15052 7526 7526 22289 22289 247767 247767 5399 5399 52323 52323 105201 105201 88186 88186 MAINTENANCE CONTRACTS 150909 150909 SECURITY 97122 97122 SUPPLIES 45097 45097 BAD DEBT EXPENSE 16652 16652 53599 5478 48121 1297833 979107 318726 0 776000 74935 29416 8076 7501 26606 7665021 5293989 2087831 2371032 2871332 2510065 1152547 1019666 25607 24569 1203639 1113673 2381793 2157908 X 489539 352157 489539 352157 2871332 2510065 -183586 46204 0 X X 0 1 X 1 1 1 X 552967 495871 595460 677258 689641 3011197 552967 495871 595460 677258 689641 3011197 3011197 306876 321084 403091 399414 412621 1843086 11985 11985 4866268 0.61880 0.61580 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LAUNDRY VENDING - 2022 AMOUNT: $ 11,985. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 25205 636 24569 1 X 17496 17496 6653926 4428538 2225388 993599 865451 128148 2371032 X 1114247 0 1114247 0 1114247 1297833 0 1297833 0 1297833 PART IV, LINE 1B: THE ORGANIZATION MAINTAINS SECURITY DEPOSITS FOR THE TENANTS. PART IV, LINE 2B: THE ORGANIZATION MAINTAINS SECURITY DEPOSITS FOR THE TENANTS. PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAXES AS A PUBLIC AGENCY, UNDER SECTION 501(C)4 OF THE INTERNAL REVENUE CODE. AS SUCH, ONLY UNRELATED BUSINESS INCOME IS SUBJECT TO INCOME TAX. CURRENTLY, THE 2020, 2021 AND 2022 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THE CORPORATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE CORPORATION BEEN CONTACTED BY ANY OF THESE JURISDICTIONS. BASED ON AN EVALUATION OF THE CORPORATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED DECEMBER 31, 2022. FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION IS UNDER THE SAME MANAGEMENT AS ARE OTHER HUD PROGRAMS WHICH ARE ADMINISTERED BY THE HOUSING AUTHORITY OF THE CITY OF BESSEMER. ADMINISTRATIVE AND OTHER FUNCTIONS ARE PERFORMED BY THE HOUSING AUTHORITY. DURING 2022, THE CORPORATION INCURRED PROPERTY MANAGEMENT FEES OF $53,118 TO THE HOUSING AUTHORITY. FORM 990, PART VI, SECTION B, LINE 11B IN ACCORDANCE WITH HUD POLICIES AND PROCEDURES FORM 990, PART VI, SECTION B, LINE 12C MONITORED IN ACCORDANCE WITH HUD POLICIES AND PROCEDURES FORM 990, PART VI, SECTION B, LINE 15 (BOX 55) IN ACCORDANCE WITH HUD POLICIES AND PROCEDURES, (BOX 56) IN ACCORDANCE WITH HUD POLICIES AND PROCEDURES FORM 990, PART VI, SECTION C, LINE 19 IN ACCORDANCE WITH HUD POLICIES AND PROCUDURES PART XII, LINE 2C THERE HAVE BEEN NO CHANGES IN EITHER THE OVERSIGHT PROCESS OR SELECTION PROCESS. BESSEMER AL HOUSING AUTHORITY 1515 FAIRFAX AVENUE BIRMINGHAM AL 35020 636004808 LOW INCOME HOUSING AL PUBLIC AGENCY 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 BESSEMER AL HOUSING AUTHORITY C 679641 ACTUAL VALUE BESSEMER AL HOUSING AUTHORITY L 53118 ACTUAL VALUE