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Binghampton Development Corporation EIN 20-0062075

Binghampton Development Corporation FY2021 filing

EIN  20-0062075 Public charity (501(c)(3)) Memphis, TN Founded 2003
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 9/14/26 · see original filing: IRS
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Size
$1–10M
What they do
Enhances Binghampton's quality of life through community programs and support.
Leadership
Noah Gray · Executive Director · $75K
Money in and out
$1.4M revenue, $1.4M expenses
Bottom line
90% program efficiency

Enhances Binghampton's quality of life through community programs and support. For fiscal year 2021 it reported $1.4M in revenue, $1.4M in expenses, and $7.3M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$7.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.09 Fundraising $0.01
Program efficiency
90%
of spending reaches programs
Operating runway
8.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
0%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$1.4M
FY2021▼ -33%
Expenses
$1.4M
FY2021▼ -30%
Total assets
$12.4M
FY2021▼ -4%
Total liabilities
$5.1M
FY2021▼ -8%
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$7.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$12.4M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $1.3M of program spending, described in the organization's own filed words · FY2020.
01

To improve the quality of life in the Binghampton community.

$1.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBinghampton Development Corporation
EINHdr · item D20-0062075
Principal addressHdr · item CMemphis, TN
WebsiteHdr · item Jbdcmemphis.org
Year of formationHdr · item L2003
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S31)
Ruling yearIRS BMFJun 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Noah Gray
Executive Director
$75,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tom Marino
Board Member
$0Pt VII · Sec A
Jeanita Davis
Board Member
$0Pt VII · Sec A
Walter Casey
Board Member
$0Pt VII · Sec A
Mike Cloutier
Board Member
$0Pt VII · Sec A

Dandrea Franklin’s $118K as Executive Director is at the 29th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dandrea Franklin$118,410$104,754————
Noah Gray——$81,250$75,000$75,000$72,466

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$891K · 63%
Program service revenue$461K · 33%
Other revenue$51K · 4%
Contributions & grants63%$891K
Program service revenue33%$461K
Other revenue4%$51K
Investment income$1K
— government grantsLn 1e$156K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.09 Fundraising $0.01
Program services90%$1.3M
Management & general9%$126K
Fundraising1%$14K
Total functional expensesLn 25$1.4M

Balance Sheet

Part X · end of year
CashLn 1$994K
Total assetsLn 16$12.4M
Total liabilitiesLn 26$5.1M
Total net assetsLn 32$7.3M
Months of cash on handcomputed8.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $994K · Operating expenses/yr $1.4M
8.4 months
Where the money goes
Program services
Program services $1.3M · Total expenses $1.4M
90%
Management & General
Management & general $126K · Total expenses $1.4M
9%
Fundraising
Fundraising $14K · Total expenses $1.4M
1%
Cost to raise $1
Fundraising expense (2-yr avg) $15K · Solicited contributions (2-yr avg) $675K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $891K · Total revenue $1.4M
63%
Government reliance
Government grants $156K · Total revenue $1.4M
11%
Earned-income share
Program service revenue $461K · Total revenue $1.4M
33%
Investment reliance
Investment income $1K · Total revenue $1.4M
0%
Program self-sufficiency
Program service revenue $461K · Total expenses $1.4M
33%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $2.1M
-33%
Net-asset trend (YoY)
End of year $7.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $1.4M
0%
Liabilities-to-Assets
Total liabilities — · Total assets $12.4M
—
Net-asset ratio
Net assets $7.3M · Total assets $12.4M
59%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $12.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Noah Gray · Reported title Executive Director · Highest reported compensation $75K · Total expenses $1.4M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $491K · Total expenses $1.4M
35%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%——
Overhead ratio 9%——
Fundraising cost ratio 2%——
Revenue growth -33%——
Legal fee ratio 0%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
RedfFY2025$20K
Total grants receivedfrom 1 funder$20K
Grants paid · 4 grants · $217K · 2019–2021
Heights Community Development CorporationTN · FY2021$18,600
Heights Community Development CorporationTN · FY2021$18,600
Heights Community Development CorporationTN · FY2020$71,112
Heights Community Development CorporationTN · FY2019$108,200

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St Bernard Community Improvement CorporationOH
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$2.5M revenue · ⤓ 990 PDF
FY2023$2.2M revenue · ⤓ 990 PDF
FY2022$3.3M revenue · ⤓ 990 PDF
FY2021$1.4M revenue · viewing · ⤓ 990 PDF
FY2020$2.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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