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Bethursday Development Corporation FY2020 filing

Tax-deductible

Atlanta, GA501(c)(3)HousingEIN 58-2122958Revenue $53K in FY2020

On file with the IRS540 Cameron Alexander Nw, 30318-0000 · Atlanta, GATax-exempt since Nov 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Neighborhood redevelopment

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$21K
1% of total assets
Looks good: liabilities are 1% 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
$53K
Spent
$196K
To programs
84%
Net assets
$1.9M
By yearFY2020–FY2023
Revenue
$53K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$53K
FY2021$155K
FY2022$199K
FY2023$165K
Expenses
$196K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$196K
FY2021$175K
FY2022$203K
FY2023$166K
Net assets
$1.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$1.9M
FY2022$1.9M
FY2023$1.9M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

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

84 cents of each dollar spent went to programs.

Program services 84% · $164K Management & general 16% · $32K

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

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Rev Ed London
Board Member
$0Pt VII · Sec A
R Leandras Jones
Board Member
$0Pt VII · Sec A
Calvin Booker
Board Member
$0Pt VII · Sec A
Myrtle Dansby
Board Member
$0Pt VII · Sec A
Garry Mott
Chief Financial Officer
$0Pt VII · Sec A
Keith Morton
Board Member
$0Pt VII · Sec A
Rodney Floyd
Board Member
$0Pt VII · Sec A
Joe Beasley
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.

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Provided by the organization

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1 program · $164K · in their own filed words · FY2020
01

Neighborhood redevelopment

$164Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$53K
Ln 12
Other incomeLn 4–11$47K
Gifts and grantsLn 1h$6K
Money outPt IX
$196K
Ln 25
Programscol B$164K
Managementcol C$32K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$2.0M
LiabilitiesLn 26$21K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Government grantsLn 1e$6K
Other incomeLn 4–11$47K
Total revenueLn 12$53K
Assets in detailPt X, end of year
CashLn 1$31K
Cash and savings togetherLn 1–2$31K
InvestmentsLn 11–13$1.9M
Total assetsLn 16$2.0M
LiabilitiesLn 26$21K
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 FY20End FY20
Cash and savingsLn 1–2$153K$31K
InvestmentsLn 11–13$1.9M$1.9M
Total assetsLn 16$2.1M$2.0M
LiabilitiesLn 26$0$21K
Net assetsLn 32$2.1M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$123K$93K$30K
Payroll taxesLn 10$9K$7K$2K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$8K$8K
Office expensesLn 13$2K$2K
Information technologyLn 14$1K$1K
TravelLn 17$51$51
Other expenses (24a–d)Ln 24$42K$42K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$196K$164K$32K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $165K$166K−$2K$1.9M 990 PDF
FY2022 $199K$203K−$5K$1.9M 990 PDF
FY2021 $155K$175K−$19K$1.9M 990 PDF
FY2020 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $53,346 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,953$6,129
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,186,888$0
I-11 Other revenuePrior year $630,265$47,217
I-12 Total revenuePrior year $2,831,106$53,346
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $117,261$132,128
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $141,114$64,060
I-18 Total expensesPrior year $258,375$196,188
I-19 Revenue less expensesPrior year $2,572,731−$142,842
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $53,346 across 4 lines filed
VIII-1e Government grants$6,129
VIII-1h Total contributions, gifts and grants$6,129
VIII-6 Net rental income or lossRelated to mission $47,217$47,217
VIII-12 Total revenueRelated to mission $47,217 · Unrelated business $0 · Excluded from tax $0$53,346
Part IX · Statement of functional expenses $196,188 across 9 lines filed
IX-7 Other salaries and wagesPrograms $93,092 · Management $30,000$123,092
IX-10 Payroll taxesPrograms $6,980 · Management $2,056$9,036
IX-11b Legal feesPrograms $3,383$3,383
IX-11c Accounting feesPrograms $7,550$7,550
IX-13 Office expensesPrograms $2,268$2,268
IX-14 Information technologyPrograms $1,297$1,297
IX-17 TravelPrograms $51$51
IX-24 Other expenses (24a–d)Programs $42,278$42,278
IX-24e All other expensesPrograms $7,233$7,233
IX-25 Total functional expensesPrograms $164,132 · Management $32,056 · Fundraising $0$196,188
Part X · Balance sheet $1,963,460 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $152,867$30,776
X-13 Program-related investmentsStart of year $1,932,684$1,932,684
X-16 Total assetsStart of year $2,085,551$1,963,460
X-17 Accounts payable and accrued expenses$20,751
X-26 Total liabilitiesStart of year $0$20,751
X-27 Net assets without donor restrictionsStart of year $2,085,551$1,942,709
X-32 Total net assets or fund balancesStart of year $2,085,551$1,942,709
X-33 Total liabilities and net assetsStart of year $2,085,551$1,963,460
Part XI · Reconciliation of net assets $1,942,709 net assets at year end
XI-1 Total revenue$53,346
XI-2 Total expenses$196,188
XI-3 Revenue less expenses−$142,842
XI-4 Net assets at start of year$2,085,551
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,942,709

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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