2026-08-17T15:45:34-05:00 2025-09-30 582487348 Aprio Advisory Group LLC 2002 Summit Boulevard Suite 120 Atlanta GA 30319 990 2024-10-01 561878125 Burlington Development Corporation BURL 3362268421 133 N Ireland Street Burlington NC 27217 Veronica Revels President 3362268421 2026-08-17 1 1 Stacy Cullen P00974308 4048929651 2026-08-17 2024 2025-03-06 01:10:19Z Veronica Revels 133 N Ireland Street Burlington NC 27217 4460729 0 X www.burlingtonha.org X 1982 NC 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. 7 7 0 7 0 0 2302441 969037 818923 3401404 88635 90288 0 0 3209999 4460729 0 0 0 0 0 636078 0 0 0 2338581 2951759 2338581 3587837 871418 872892 20255187 32322174 5780559 16974654 14474628 15347520 X 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. 0 0 3297045 3401404 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. 3297045 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 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 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 NC X Veronica Revels 3362268421 133 N Ireland Street Burlington NC 27217 X Veronica Revels President 2.00 X X 0 0 0 Melinda Freeman Vice Chair 0.50 X X 0 0 0 Charles Carter Secretary/Treasurer 0.50 X 0 0 0 Millicent Cash Trustee 0.50 X 0 0 0 Reggie Wilson Trustee 0.50 X 0 0 0 Michael Graves Trustee 0.50 X 0 0 0 Patrick Mills Chair 0.50 X 0 0 0 0 0 0 0 0 0 0 0 936843 32194 969037 HUD Subsidy Rental Inc 531110 2398431 2398431 Rental and Other Incom 531110 928620 928620 Donor Restricted Progr 531110 74353 74353 3401404 90288 90288 4460729 3401404 0 90288 454726 454726 181352 181352 211046 211046 4563 4563 75134 75134 155998 155998 112880 112880 186776 186776 695291 695291 438071 438071 208135 208135 Operating and Maintenan 629059 629059 Tenant relocation expen 182797 182797 Meals for Childcare Pro 14408 14408 Vehicle and equipment E 14217 14217 23384 18772 4612 3587837 3297045 290792 0 2444702 2765169 863876 1919001 35266 285967 37893 49794 100866 106214 26610645 663099 15544311 25947546 1228273 1248483 20255187 32322174 1560876 1379936 4804 4219683 15496277 0 93637 5780559 16974654 X 14474628 15347520 14474628 15347520 20255187 32322174 872892 0 X X 0 1 X 1 1 1 X 464779 135607 128450 2302441 969037 4000314 3401404 3401404 464779 135607 128450 2302441 4370441 7401718 0 0 0 7401718 8064 7806 23282 63235 90288 192675 8064 7806 23282 63235 90288 192675 472843 143413 151732 2365676 4460729 7594393 0.97460 0.96460 0.02540 X 692111 692111 3183973 3183973 381135 381135 238017 238017 22115409 663099 21452310 25947546 Tenant Security Deposit 29024 FSS Escrow 48473 Pension Liabilities 16140 93637 X Part X, Line 2: Burlington Development Corporation has been granted tax exempt status from the Internal Revenue Service under IRS section 501(c)(3). Accordingly, no income tax provision has been provided for in the financial statements. Form 990, Part VI, Section A, line 8b There are no committees that have the authority to act on behalf of the board of directors. Form 990, Part VI, Section B, line 11b The organization's CPA prepares the Form 990 and all attachments from the books and records maintained by the organization. The completed Form 990 is then provided to the management of the organization for review and the Form 8879-EO is executed. This independent preparation and review is considered adequate review of the Form 990 since it is done by a third party tax professional. Form 990, Part VI, Section C, line 19 All documents are available for review at the office located at 133 N. Ireland Street, Burlington, NC. Any document(s) required by federal or North Carolina law and/or regulations to be available for public inspection are available upon request. Form 990, Part XII, Line 2c: The process has not changed from prior year BDC Investment Communities LLC 133 N Ireland Street Burlington NC 27217 561878125 Owns and operates low income housing rentals NC 4355594 13528185 Burlington Development Corporation Burlington Housing Authority 133 N Ireland Street Burlington NC 27217 561878125 Management Agent to Corporation NC Burlington Development Corporation 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 Burlington Housing Authority P 936843 Actual Value