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EIN 85-1601510

Bessemer Redevelopment Corporation

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Bessemer
State
Alabama
Year formed
2020
Most recent tax filings
2023-12-01
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
Description
Bessemer Redevelopment Corporation leads neighborhood transformation in Bessemer, Alabama through community-first development. They build or renovate quality affordable housing, create community assets through building or site creation, and improve public infrastructure. The organization aims to improve the quality of life in Bessemer communities and neighborhoods which they believe are deserving of the name Marvel City. Their programs include property acquisition for redevelopment and renovation of the Bessemer train depot for community enhancement.
Total revenues
$604,864
2023
Total expenses
$303,158
2023
Total assets
$3,288,982
2023
Num. employees
3
2023

Program areas at Bessemer Redevelopment Corporation

Acquisitions of vacant and blighted properties for Redevelopment.
Community workforce housing added three new modular homes available for sale in the 6th avenue block of Bessemer.
Renovation of the Bessemer train depot to enhance the community.

Who funds Bessemer Redevelopment Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Housing Affordability TrustDiscretionary$264,086
Regions FoundationGeneral Support$150,000
Navigate Affordable Housing PartnersThe Purpose of This Grant Is To Support the Bessemer Neighborhood.$100,000
...and 6 more grants received

Personnel at Bessemer Redevelopment Corporation

NameTitleCompensation
Brian GiattinaPresident$0

Financials for Bessemer Redevelopment Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$556,940
Program services$0
Investment income and dividends$29,517
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$7,273
Net gain from sale of non-inventory assets$11,081
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$53
Total revenues$604,864

Form 990s for Bessemer Redevelopment Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-09-03990EZView PDF
Data update history
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $100,000 from Mike and Gillian Goodrich Foundation
May 18, 2024
Received grants
Identified 5 new grant, including a grant for $264,086 from Housing Affordability Trust
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
October 26, 2023
Received grants
Identified 4 new grant, including a grant for $354,215 from Housing Affordability Trust
August 6, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvement
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
2625 5th Ave N Bldg C
Bessemer, AL 35020
Metro area
Birmingham-Hoover, AL
County
Jefferson County, AL
Website URL
brcal.org/ 
Phone
(205) 515-2500
IRS details
EIN
85-1601510
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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