Bluelight Development Group INC EIN 81-3475487 Form 990 (PDF) Claim this org

Bluelight Development Group INC

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Offers development solutions to charities, corporations, and individuals helping disadvantaged communities. For fiscal year 2023 it reported $179K in revenue, $412K in expenses, and $-49K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Schenectady, NY
Website
www.bluelightdevelopment.org
Filings
4 on file (2020–2023)
Revenue
$179KFY2023
Expenses
$412K
Net assets
$-49K
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  81-3475487 Public charity (501(c)(3)) Schenectady, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers development solutions to charities, corporations, and individuals helping disadvantaged communities.
Leadership
Travon T Jackson · President and Managing Director
Money in and out
$179K revenue, $412K expenses
Bottom line
86% program efficiency
Where the money goes · FY2023
Total revenue
$179K
Pt VIII · Ln 12
Total expenses
$412K
Pt IX · Ln 25
Net assets
$-49K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$233K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate▼ -100% vs prior filing year
Surplus margin
-130%
revenue over expenses, this year▼ -7993% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$179K
FY2023▼ -54%
Expenses
$412K
FY2023▲ +4%
Total assets
$82K
FY2023▲ ×36
Total liabilities
$130K
FY2023
Total revenue
$179K
Pt VIII · Ln 12
Total expenses
$412K
Pt IX · Ln 25
Net assets
$-49K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$233K
Total assetsPt X · Ln 16$82K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $353K of program spending, described in the organization's own filed words · FY2023.
01

The South End Grocery Seg

SEG was a fiscally sponsored grantee and charitable project supported by BlueLight from December 2020 to 2024. The goal of the project was to provide free and low-cost groceries supplied by regional farm to neighborhood infrastructure and local distributors to the South End Neighborhood and greater Albany impact area.

$160Kprogram expense
02

Bluelight Development Projects

BlueLight provides urban planning and development services to projects with support of general operating expenses. Services are provided to nonprofit organizations corporations private businesses municipalities planning agencies and individuals on behalf of charitable projects located in areas of strategic economic interest for equitable…

$134Kprogram expense
03

The African American Cultural Center of the Capital Region Inc AACC: AACC was a 501C3 grantee and fiscally sponsored organization supported by BlueLight from 2017 to 2024. The mission of AACC was to educate and enrich the Capital Region of New York State with the contributions and accomplishments of African Americans historically.

$58Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBluelight Development Group INC
EINHdr · item D81-3475487
Principal addressHdr · item CSchenectady, NY
WebsiteHdr · item Jwww.bluelightdevelopment.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L80)
Ruling yearIRS BMFAug 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and Managing Director
$0Pt VII · Sec A
Managing Director
$0Pt VII · Sec A
General Manager
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants115%$206K
Total revenueLn 12$179K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$353K
Management & general14%$59K
Total functional expensesLn 25$412K

Balance Sheet

Part X · end of year
CashLn 1$1
Total assetsLn 16$82K
Total liabilitiesLn 26$130K
Total net assetsLn 32$-49K
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1 · Operating expenses (Pt IX) $412K · Less non-cash grants $182K · Cash operating expenses/yr $230K
0.0 months
Where the money goes
Program services
Program services $353K · Total expenses $412K
86%
Management & General
Management & general $59K · Total expenses $412K
14%
Fundraising
Fundraising $0 · Total expenses $412K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $344K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $206K · Total revenue $179K
115%
Government reliance
Government grants $0 · Total revenue $179K
0%
Earned-income share
Program service revenue $0 · Total revenue $179K
0%
Investment reliance
Investment income $-37K · Total revenue $179K
-21%
Program self-sufficiency
Program service revenue $0 · Total expenses $412K
0%
Growth & trend
Revenue growth (YoY)
This year $179K · Prior year $391K
-54%
Net-asset trend (YoY)
End of year $-49K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $179K · Expenses $412K
-130%
Liabilities-to-Assets
Total liabilities — · Total assets $82K
Net-asset ratio
Net assets $-49K · Total assets $82K
-60%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $82K
0%
People & payroll
Highest Reported Total Compensation
Individual Travon T Jackson · Reported title President and Managing Director · Highest reported compensation $0 · Total expenses $412K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $52K · Total expenses $412K
13%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth -54%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · FY2023
Total grants receivedfrom 1 funder$94K
Grants paid · 2 grants · $13K · 2020–2023
The African American Cultural Center of the Capital Region INCFY2023$7,270

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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
FY2023 (Latest)$179K revenue · viewing · ⤓ 990 PDF
FY2022$391K revenue · ⤓ 990 PDF
FY2021$436K revenue · ⤓ 990 PDF
FY2020$49K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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