Bloomfield Development Corporation
- Assets
- $34.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Pittsburgh, PA
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-5817024
Organization Overview
Bloomfield Development Corporation is located in Pittsburgh, PA. The organization was established in 2007. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Bloomfield Development Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bloomfield Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bloomfield Development Corporation generated $164.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $296.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BLOOMFIELD DEVELOPMENT CORPORATION (BDC) IS TO BUILD A THRIVING, DIVERSE COMMUNITY THROUGH EQUITABLE ENGAGEMENT, WITH THE VISION OF BLOOMFIELD WHERE EVERYONE CAN BUILD A HOME, A BUSINESS, AND A FUTURE. THE ORGANIZATION ESPOUSES THESE VALUES:INCLUSION: BDC WELCOMES AND VALUES PEOPLE OF ALL BACKGROUNDS, IDENTITIES, AND SOCIOECONOMIC GROUPS.LIVABILITY: BDC ADVOCATES FOR PHYSICAL ACCESSIBILITY AND THE OVERALL HEALTH OF THE COMMUNITY.STEWARDSHIP: BDC STRIVES TO MAINTAIN THE TEXTURE OF THE NEIGHBORHOOD AND EMBRACE BLOOMFIELDS HISTORICAL RICHNESS.TRANSPARENCY: BDC OPENS THEIR INTERNAL PROCESSES TO THE COMMUNITY.EQUITY: BDC FOSTERS COMMUNITY-ORIENTED DEVELOPMENT CENTERED ON DIVERSITY AND EQUAL OPPORTUNITY.SUSTAINABILITY: BDC EFFICIENTLY USES RESOURCES TO MAXIMIZE BENEFITS TO OUR ORGANIZATION, COMMUNITY, AND ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3
ECONOMIC DEVELOPMENT: BDC FOCUSES ON PRESERVING AND CREATING HOUSING AFFORDABILITY, BUILDING WEALTH AND STABILITY, SMALL BUSINESS SUPPORT, AND IMPROVING THE SAFETY OF ATTRACTIVENESS OF OUR INFRASTRUCTURE AND MOBILITY OPTIONS.
SATURDAY MARKET: A YEAR-ROUND FARMERS MARKET, THIS PROGRAM PROVIDES $2 MATCHING ON EVERY $5 SNAP FUNDS, AS WELL AS OFFERING WEEKLY HEALTH AND WELLNESS PROGRAMMING. IT SUPPORTS THE LOCAL FOOD SYSTEM, DRAWS NEW VISITORS TO BLOOMFIELD, AND BRINGS NEW CUSTOMERS TO OUR BRICK AND MORTAR BUSINESSES BY OFFERING THEM FREE STALLS 4 TIMES EACH YEAR
COMMUNITY ENGAGEMENT: WITH AN EYE TO EQUITY IN ENGAGEMENT, BDC HOSTS NEW DEVELOPMENT COMMUNITY MEETINGS TO ADVOCATE FOR DEVELOPMENT THAT REFLECTS THE COMMUNITY AND RESPONDS TO ITS NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittany Bennett Board Member | 1 | $0 | |
Maura Bainbridge Vice Chair | 1 | $0 | |
Michael Roth Board Member | 1 | $0 | |
Maura Kay Board Member | 1 | $0 | |
Jennifer Kiley Board Member | 1 | $0 | |
Bruce Chan Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,149 |
| Total Program Service Revenue | $78,767 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,080 |
| Total Revenue | $163,996 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $199,735 |
| Professional fees and other payments to independent contractors | $32,397 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $64,527 |
| Total expenses | $296,659 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,470 |
| Other assets | $0 |
| Total assets | $34,401 |
| Total liabilities | $188,098 |
| Net assets or fund balances | -$153,697 |