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.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
6 people listed on the 990.
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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
- Loans to or from officersSch L · Pt II8 listed
Programs and updates
Improves Bessemer neighborhoods through community-focused development, affordable housing, and healthy food access.
Questions for Bessemer Redevelopment Corp
Your first name shows with your question. Bessemer Redevelopment Corp answers here, for everyone.
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Acquisitions of vacant and blighted properties for redevelopment.
Renovation of the bessemer train depot to enhance the community.
Community workforce housing added three new modular homes available for sale in the 6TH avenue block of bessemer.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $70K | $757K |
| InvestmentsLn 11–13 | $566K | $1.7M |
| Total assetsLn 16 | $1.3M | $3.3M |
| LiabilitiesLn 26 | $750K | $2.4M |
| Net assetsLn 32 | $550K | $852K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $5K | $5K | ||
| Other salaries and wagesLn 7 | $109K | $109K | ||
| Other employee benefitsLn 9 | $9K | $9K | ||
| Payroll taxesLn 10 | $9K | $9K | ||
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $44K | $44K | ||
| Other fees for servicesLn 11g | $51K | $51K | ||
| Advertising and promotionLn 12 | $137 | $137 | ||
| Office expensesLn 13 | $1K | $1K | ||
| Information technologyLn 14 | $2K | $2K | ||
| TravelLn 17 | $6K | $6K | ||
| Travel and entertainment for public officialsLn 18 | $2K | $2K | ||
| Payments to affiliatesLn 21 | $23K | $23K | ||
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | ||
| InsuranceLn 23 | $26K | $26K | ||
| Other expenses (24a–d)Ln 24 | $6K | $6K | ||
| All other expensesLn 24e | $6K | $6K | ||
| Total functional expensesLn 25 | $303K | $303K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $889K | $951K | −$61K | $978K | 990 PDF |
| FY2023 Viewing | $605K | $303K | $302K | $852K | 990 PDF |
| FY2022 | $777K | $497K | $280K | $550K | 990 PDF |
| FY2021 | $397K | $99K | $298K | $385K | 990 PDF |
| FY2020 | $114K | $110K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $604,864 revenue, 12 lines filed
Part VI · Governance 2 of 3 board members independent, 3 to look at
Part VIII · Statement of revenue $604,864 across 8 lines filed
Part IX · Statement of functional expenses $303,158 across 17 lines filed
Part X · Balance sheet $3,288,982 assets, 13 lines filed
Part XI · Reconciliation of net assets $851,523 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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