Bethursday Development Corporation

Tax-deductible

Atlanta, GA501(c)(3)HousingEIN 58-2122958

Neighborhood redevelopment

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
Run by 40 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $42K a year · 29% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$375
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$165K
-17% vs prior year
Spent
$166K
To programs
48%
Net assets
$1.9M
By yearFY2020–FY2023
Revenue
$165K
FY2023▼ -17%
Revenue by fiscal year
FY2020$53K
FY2021$155K
FY2022$199K
FY2023$165K
Expenses
$166K
FY2023▼ -18%
Expenses by fiscal year
FY2020$196K
FY2021$175K
FY2022$203K
FY2023$166K
Net assets
$1.9M
FY2023-0.09%
Net assets by fiscal year
FY2020$1.9M
FY2021$1.9M
FY2022$1.9M
FY2023$1.9M

From the FY2023 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Nov 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $79K Management & general 52% · $87K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Bethursday Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Bethursday Development Corporation is a housing nonprofit based in Atlanta, GA.

Provided by the organization

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1 program service account for $79K of program spending, described in the organization's own filed words · FY2023.
01

Neighborhood redevelopment.

$79Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$165K
Ln 12
Gifts and grantsLn 1h$99K
Other incomeLn 4–11$60K
Fees for servicesLn 2g$6K
Money outPt IX
$166K
Ln 25
Programscol B$79K
Managementcol C$87K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$1.9M
LiabilitiesLn 26$375
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$99K
Government grantsLn 1e$99K
Fees for servicesLn 2g$6K
Other incomeLn 4–11$60K
Total revenueLn 12$165K
Assets in detailPt X, end of year
CashLn 1$6K
Cash and savings togetherLn 1–2$6K
InvestmentsLn 11–13$1.9M
Total assetsLn 16$1.9M
LiabilitiesLn 26$375
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 52
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$7K$6K
InvestmentsLn 11–13$1.9M$1.9M
Total assetsLn 16$1.9M$1.9M
LiabilitiesLn 26$0$375
Net assetsLn 32$1.9M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$129K$59K$70K
Accounting feesLn 11c$8K$260$8K
Office expensesLn 13$7K$225$7K
Other expenses (24a–d)Ln 24$20K$17K$3K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$166K$79K$87K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $165K$166K−$2K$1.9M 990 PDF
FY2022 $199K$203K−$5K$1.9M 990 PDF
FY2021 $155K$175K−$19K$1.9M 990 PDF
FY2020 $53K$196K−$143K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $164,608 across 5 lines filed
VIII-1e Government grants$98,570
VIII-1h Total contributions, gifts and grants$98,570
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,038$6,038
VIII-6 Net rental income or lossRelated to mission $60,000$60,000
VIII-12 Total revenueRelated to mission $66,038 · Unrelated business $0 · Excluded from tax $0$164,608
Part IX · Statement of functional expenses $166,341 across 5 lines filed
IX-7 Other salaries and wagesPrograms $58,921 · Management $69,603$128,524
IX-11c Accounting feesPrograms $260 · Management $7,550$7,810
IX-13 Office expensesPrograms $225 · Management $6,807$7,032
IX-24 Other expenses (24a–d)Programs $17,422 · Management $2,953$20,375
IX-24e All other expensesPrograms $2,600$2,600
IX-25 Total functional expensesPrograms $79,428 · Management $86,913 · Fundraising $0$166,341
Part X · Balance sheet $1,938,347 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $7,020$5,663
X-13 Program-related investmentsStart of year $1,932,684$1,932,684
X-16 Total assetsStart of year $1,939,704$1,938,347
X-17 Accounts payable and accrued expenses$375
X-26 Total liabilitiesStart of year $0$375
X-27 Net assets without donor restrictionsStart of year $1,939,704$1,937,972
X-32 Total net assets or fund balancesStart of year $1,939,704$1,937,972
X-33 Total liabilities and net assetsStart of year $1,939,704$1,938,347
Part XI · Reconciliation of net assets $1,937,972 net assets at year end
XI-1 Total revenue$164,608
XI-2 Total expenses$166,341
XI-3 Revenue less expenses−$1,733
XI-4 Net assets at start of year$1,939,704
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$1,937,972

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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