Bristol Residential Development Corporation in Gray, Tennessee (TN)

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Bristol Residential Development Corporation
Employer Identification Number (EIN)581988706
Name of OrganizationBristol Residential Development Corporation
AddressPO BOX 9054, Gray, TN 37615-9054
ActivitiesLow income housing
SubsectionCharitable Organization
Ruling Date06/1992
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$214,169
Amount of Income$42,927
Form 990 Revenue Amount$42,927
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Community Coalitions


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Amount of income in 2014: $42,927
This organization: 

 $42,927
Other organizations performing similar types of work: 

 $144,504

Assets in 2014: $214,169
This organization: 

 $214,169
Other organizations performing similar types of work: 

 $121,059

Expenses in 2014: $53,115
This organization: 

 $53,115
Other organizations performing similar types of work: 

 $144,843

Income to expenses ratio in 2014: 0.8
This organization: 

 0.8
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2006: 100.0%
Bristol Residential Development Corporation: 

 100.0%
Other organizations performing similar types of work: 

 99.6%

Grants share in income in 2014: 6.9%
Bristol Residential Development Corporation: 

 6.9%
Other organizations performing similar types of work: 

 29.0%

Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$36,137$41,173$42,927
Contributions, gifts, grants, and similar amounts received$735$641$2,942
Program service revenue including government fees and contracts$35,377$40,521$39,978
Membership dues and assessments$0$0$7
Investment income$25$11$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$50,217$54,255$53,115
Total net assets$232,172$219,090$208,902
Excess/Deficit for the year$-14,080$-13,082$-10,188
Net assets or fund balances at beginning of year$246,252$232,172$219,090
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$219,090$208,902
Balance Sheets
201220132014
Total assets$238,125$227,097$214,169
Total liabilities$5,953$8,007$5,267
Net assets or fund balances$232,172$219,090$208,902
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$189,634
Subtotal Support$189,634
Gifts, grants, contributions, and membership fees received$189,634
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$191,774
Public Support$189,634
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$134
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$2,006
Gross receipts from related activities, etc.$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2003200420052006
Total revenue$32,750$33,043$32,954$36,504
Contributions, gifts, grants, and similar amounts received$0$0$0$0
Contributions to donor advised funds$0
Direct public support$0$0$0$0
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$32,671$32,921$32,755$36,378
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$79$122$199$126
Dividends and interest from securities$0$0$0$0
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$0$0$0$0
Total expenses$47,039$49,709$52,532$51,032
Program services$47,039$49,709$52,532$51,032
Management and general$0$0$0$0
Fundraising$0$0$0$0
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$355,582$338,916$319,338$304,810
Excess or (deficit) for the year$-14,289$-16,666$-19,578$-14,528
Net assets or fund balances at beginning of year$369,871$355,582$338,916$332,393
Other changes in net assets or fund balances$0$0$0$-13,055
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$51,032$51,032$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$1,968$1,968$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$23,882$23,882$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$16,961$16,961$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$8,221$8,221$0$0
Balance Sheets
2003200420052006
Total assets$361,167$347,423$336,798$308,655
Cash - non-interest-bearing$793$1,549$336$2,373
Savings and temporary cash investments$1,995$1,770$1,677$2,045
Accounts receivable less allowance for doubtful accounts$356$364$2,101$1,831
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0
Investments - publicly-traded securities$0
Investments - other securities$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$290,551$274,347$261,292$244,685
Other assets, including program-related investments$67,472$69,393$71,392$57,721
Total liabilities$5,585$8,507$17,460$3,845
Accounts payable and accrued expenses$3,590$6,737$15,783$1,800
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$1,995$1,770$1,677$2,045
Total liabilities and net assets/fund balances$361,167$347,423$336,798$308,655
Total net assets or fund balances$355,582$338,916$319,338$304,810
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2003200420052006
Total revenue$0$33,043$0$0
Total revenue, gains, and other support per audited financial statements$0$33,043$0$0
Other expenses$0$0$0$0
Net unrealized gains on investments$0$0$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$0
Other revenue$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2003200420052006
Total expenses$0$49,709$0$0
Total expenses and losses per audited financial statements$0$49,709$0$0
Other revenue$0$0$0$0
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$0
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$36,504
Program service revenue
Program service revenue 1000000$000$0$36,378
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$126
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
2002200320042005
Total$35,926$32,750$33,043$32,954
Gifts, grants, and contributions received$0$0$0$0
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$35,512$32,671$32,921$32,755
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$414$79$122$199
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Bristol Residential Development CorporationPO BOX 9054, Gray, TN 37615-9054TN1992-06$42,927
2Virginia Organizing Inc703 Concord Ave, Charlottesvle, VA 22903-5208VA1995-07$6,096,988
3Universal Community Homes800 S 15th St, Philadelphia, PA 19146-2105PA1997-05$5,964,530
4Southeast Neighborhood Development Inc1035 Sanders St Apt 118, Indianapolis, IN 46203-1888IN1983-06$3,118,897
5Tempe Community Action Agency Inc2150 E Orange St, Tempe, AZ 85281-4814AZ1971-08$2,454,289
6Sustainable Northwest813 Sw Alder, Portland, OR 97205-3121OR1995-01$839,452
7Southern Foundation For Homeless, Children27 E Cherry St, Columbus, MS 39702-7709MS1993-05$738,447
8Seda-Cog Housing Development Corporation201 Furnace Rd, Lewisburg, PA 17837-8043PA1994-03$487,497
9Episcopal Housing Development Corporation Of Grenada All Saints62 Union Ave, Memphis, TN 38103-5114TN1985-05$433,308
10Westside Neighborhood Development CorporationPO BOX 383, Munroe Falls, OH 44262-0383OH1990-03$382,587
11Wyandanch Community Development Corporation59 Cumberbach St, Wyandanch, NY 11798-4506NY1986-12$347,061
12Western Colorado CongressPO BOX 1931, Grand Jct, CO 81502-1931CO1982-06$339,448
13Reiki Alliance4005 E 28th Ave, Spokane, WA 99223-5716WA1990-01$260,027
14West Side Citizens Organization1 Water St W Ste 260, Saint Paul, MN 55107-2039MN1978-07$247,158
15Scranton Tomorrow1011 N Main Ave, Scranton, PA 18508-2127PA1993-12$179,770
16Halltown Residential Home711 Halltown Rd, Portland, TN 37148-9071TN1993-01$62,675
17Holston Residence IncPO BOX 9054, Gray, TN 37615-9054TN1992-07$31,682
18National Organizers AlliancePo Box 342, Alcoa, TN 37701TN1994-05$9,082
19K C Homes Of Memphis Area2332 Lynnfield Road, Memphis, TN 38119TN1993-07$630
20Binghampton Revitalization Association Inc640 Scott St, Memphis, TN 38112-2218TN1996-10$0
Number of organizations performing similar types of work
Alabama3
Arkansas2
Arizona6
California37
Colorado9
Connecticut5
District of Columbia3
Florida17
Georgia6
Hawaii3
Iowa8
Idaho4
Illinois22
Indiana12
Kansas4
Kentucky8
Louisiana4
Massachusetts12
Maryland6
Michigan19
Minnesota17
Missouri13
Mississippi2
Montana2
North Carolina10
Nebraska4
New Jersey4
New Mexico3
New York30
Ohio13
Oklahoma3
Oregon5
Pennsylvania24
Rhode Island1
South Carolina3
South Dakota1
Tennessee7
Texas9
Utah3
Virginia10
Washington11
Wisconsin6
West Virginia5
Wyoming1
Total377

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