philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Bessemer Redevelopment Corp FY2021 filing

Tax-deductible

Bessemer, AL501(c)(3)Community DevelopmentEIN 85-1601510Revenue $397K in FY2021

On file with the IRS2625 5th Ave N Bldg C, 35020-4169 · Bessemer, ALTax-exempt since Sep 2020Publicly supported — 509(a)(2)

Tell your story. Claim this org

We believe that besssemer communities and neighborhoods can have a quality of life that makes IT deserving of the name marvel city. We seek to DO our part in moving that forward through targeted catalyic projects that are multi-faceted and bring other like-minded developers to the table. A comprehensive vision will enable the transformation we envision with multiple partners and funding sources. Our mission is to lead the transformation of bessemer's neighborhoods through community first development, including building or renovating quality affordable housing. We will create buildings or sites that become community assets, and also create a community garden that will provide healthy food options for our community.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $205K a year · 31% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $412K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$303K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$397K
+248% vs prior year
Spent
$99K
To programs
100%
Net assets
$385K
By yearFY2020–FY2024
Revenue
$397K
FY2021▲ +248%
Tap a bar for its year
Revenue by fiscal year
FY2020$114K
FY2021$397K
FY2022$777K
FY2023$605K
FY2024$889K
Expenses
$99K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$99K
FY2022$497K
FY2023$303K
FY2024$951K
Net assets
$385K
FY2021▲ +250%
Tap a bar for its year
Net assets by fiscal year
FY2020$110K
FY2021$385K
FY2022$550K
FY2023$852K
FY2024$978K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $99K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Mike Rogers
Director
$0Pt VII · Sec A
Ed Welden
Director
$0Pt VII · Sec A
Dave Paige
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Calvin Bell
Director
$0Pt VII · Sec A
See Bessemer Redevelopment Corp executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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
  • Loans to or from officersSch L · Pt II5 listed

Programs and updates

Improves Bessemer neighborhoods through community-focused development, affordable housing, and healthy food access.

Questions for Bessemer Redevelopment Corp

Tap to ask. Bessemer Redevelopment Corp sees how many people are interested.

Your first name shows with your question. Bessemer Redevelopment Corp answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $99K · in their own filed words · FY2021
01

Acquisitions of vacant and blighted properties for redevelopment.

$59Kprogram expense
02

Renovation of the bessemer train depot to enhance the community.

$40Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Housing Affordability TrustFY2024$169K
Navigate Affordable Housing Partners INCFY2024$100K
Mike and Gillian Goodrich Charitable FoundationFY2024$75K
Estelle S Campbell Charitable FoundationFY2024$50K
The Ratliff Charitable FoundationFY2024$18K
Total grants receivedfrom 5 funders$412K
See all 5 funders →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$397K
Ln 12
Gifts and grantsLn 1h$381K
Other incomeLn 4–11$16K
Investment incomeLn 3$47
Money outPt IX
$99K
Ln 25
Programscol B$99K
Owns and owesPt X
$385K
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$688K
LiabilitiesLn 26$303K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$381K
Investment incomeLn 3$47
Other incomeLn 4–11$16K
Gains on assetsLn 7−$9K
Total revenueLn 12$397K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
InvestmentsLn 11–13$256K
Total assetsLn 16$688K
LiabilitiesLn 26$303K
Net assetsLn 32$385K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2K$21K
InvestmentsLn 11–13$200K$256K
Total assetsLn 16$204K$688K
LiabilitiesLn 26$94K$303K
Net assetsLn 32$110K$385K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$49K$49K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$30K$30K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$7K$7K
Total functional expensesLn 25$99K$99K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $889K$951K−$61K$978K 990 PDF
FY2023 $605K$303K$302K$852K 990 PDF
FY2022 $777K$497K$280K$550K 990 PDF
FY2021 Viewing $397K$99K$298K$385K 990 PDF
FY2020 $114K$110K 990 PDF

More to add? Claim this org

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 FY2021 990 (6 parts)
Part I · Summary $396,736 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $114,002$381,065
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0−$8,953
I-11 Other revenuePrior year $0$24,624
I-12 Total revenuePrior year $114,002$396,736
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $4,000$0
I-17 Other expensesPrior year $121$98,941
I-18 Total expensesPrior year $4,121$98,941
I-19 Revenue less expensesPrior year $109,881$297,795
Part VI · Governance 5 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction 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
Part VIII · Statement of revenue $396,736 across 7 lines filed
VIII-1f All other contributions, gifts and grants$381,065
VIII-1h Total contributions, gifts and grants$381,065
VIII-3 Investment incomeExcluded from tax $47$47
VIII-6 Net rental income or lossExcluded from tax $7,749$7,749
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$9,000−$9,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $16,875$16,875
VIII-12 Total revenueRelated to mission $16,875 · Unrelated business $0 · Excluded from tax −$1,204$396,736
Part IX · Statement of functional expenses $98,941 across 6 lines filed
IX-11a Management feesPrograms $48,660$48,660
IX-11b Legal feesPrograms $8,662$8,662
IX-11c Accounting feesPrograms $2,711$2,711
IX-11g Other fees for servicesPrograms $29,853$29,853
IX-23 InsurancePrograms $2,159$2,159
IX-24 Other expenses (24a–d)Programs $6,896$6,896
IX-25 Total functional expensesPrograms $98,941 · Management $0 · Fundraising $0$98,941
Part X · Balance sheet $687,534 assets, 10 lines filed
Asset lines not itemized here account for $269,723; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,414$21,190
X-3 Pledges and grants receivableStart of year $0$139,720
X-4 Accounts receivableStart of year $0$1,054
X-13 Program-related investmentsStart of year $200,000$255,847
X-16 Total assetsStart of year $203,914$687,534
X-19 Deferred revenueStart of year $0$139,720
X-26 Total liabilitiesStart of year $94,033$302,680
X-27 Net assets without donor restrictionsStart of year $109,881$384,854
X-32 Total net assets or fund balancesStart of year $109,881$384,854
X-33 Total liabilities and net assetsStart of year $203,914$687,534
Part XI · Reconciliation of net assets $384,854 net assets at year end
XI-1 Total revenue$396,736
XI-2 Total expenses$98,941
XI-3 Revenue less expenses$297,795
XI-4 Net assets at start of year$109,881
XI-8 Prior period adjustments−$22,822
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$384,854

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.