The Birmingham City-Wide Local Development Company
- Assets
- $1.9m
- Revenue
- $773.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 08/1991
- Data as of
- 09/2023
- EIN
- 63-0856904
Organization Overview
The Birmingham City-Wide Local Development Company is located in Birmingham, AL. The organization was established in 1991. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Birmingham City-Wide Local Development Company is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Birmingham City-Wide Local Development Company generated $773.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $798.8k during the year ending 09/2023. While expenses have increased by 0.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING LOANS THROUGH THE SMALL BUSINESS ADMINISTRATION (SBA) TO SMALL BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY PROVIDES STARTUP LOAN ASSISTANCE TO ELIGIBLE BUSINESS APPLICANTS AND MANAGEMENT ASSISTANCE DURING THE STARTUP PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Cooper President | Trustee | 1 | $0 |
Jarvis Morehead Vice-President | Trustee | 1 | $0 |
Herman M Williams Treasurer | Trustee | 1 | $0 |
Keith Strother Board Member | Trustee | 1 | $0 |
Delpha-Bartley Jones Board Member | Trustee | 1 | $0 |
Don J Giardina Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sba & Conventional Loan Services Llc Loan Services | 9/29/16 | $107,580 |
Amsource Payroll Services | 9/29/16 | $335,337 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $602,874 |
| Investment income | $8,368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $773,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $398,597 |
| Fees for services: Legal | $594 |
| Fees for services: Accounting | $47,856 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,163 |
| Advertising and promotion | $17,819 |
| Office expenses | $51,864 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,558 |
| Travel | $13,887 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,040 |
| Interest | $30,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,560 |
| Insurance | $10,948 |
| All other expenses | $0 |
| Total functional expenses | $798,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,273,836 |
| Savings and temporary cash investments | $522,915 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,886 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,594 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,866,231 |
| Accounts payable and accrued expenses | $68,446 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $68,446 |
| Net assets without donor restrictions | $1,797,785 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,866,231 |