2023-06-30T11:26:01-05:00 2022-06-30 454110923 DelBrocco & Associates PLLC 4735 Spottswood Suite 201 Memphis TN 38117 990 2021-07-01 200062075 Binghampton Development Corporation BING 9013470504 PO Box 111447 Memphis TN 38111 Robert Montague Executive Director 9013470504 2023-06-29 1 Robert Montague 999009999 Peter F Voehringer P00846402 9016819272 2023-06-29 X 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X Robert Montague 280 Tillman Memphis TN 38112 3437547 0 X BDCMEMPHIS.ORG X 2003 TN To improve the quality of life in the Binghampton community. 11 11 0 75 0 0 890688 2633126 461384 629463 1400 -27134 51423 94486 1404895 3329941 71112 18600 0 0 490540 705017 0 0 24425 850231 937856 1411883 1661473 -6988 1668468 12365463 13924793 5112493 5003355 7252970 8921438 Build a healthy community by supporting the revitalization of the Binghampton neighborhood of Memphis, Tennessee, through housing and economic development. 0 0 1509631 18600 629463 To improve the quality of life in the Binghampton community. 1509631 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X Mr Noah Gray 9013470504 280 Tillman Memphis TN 38112 Phil Mischke Chairman 3.00 X 0 0 0 Robert Montague President 3.00 X X 0 0 0 Brian Crenshaw Secretary 3.00 X 0 0 0 Stephen W Bowie Treasurer 3.00 X 0 0 0 Tom Marino Board Member 1.00 X 0 0 0 Jeanita Davis Board Member 1.00 X 0 0 0 Walter Casey Board Member 1.00 X 0 0 0 Mike Cloutier Board Member 1.00 X 0 0 0 Margaret Gilliland Board Member 1.00 X 0 0 0 Shun Abram Board Member 1.00 X 0 0 0 Noah Gray Executive Director 40.00 X X 75000 0 0 Chad Wilgenbusch Board Member 1.00 X 0 0 0 75000 0 0 0 0 0 0 0 2633126 1350000 2633126 Gateway Center 531120 439399 439399 Renovated low-income h 531110 190064 190064 629463 472 472 80000 107606 -27606 -27606 -27606 Management fees 531310 94486 94486 94486 3329941 94486 0 602329 18600 18600 75000 63750 7500 3750 536108 514508 10072 11528 48241 42212 4824 1205 45668 43182 1344 1142 23693 13693 10000 48716 43308 5408 30579 12929 17650 48542 31306 10436 6800 6637 4978 1659 88708 88702 6 251816 237664 14152 75075 63448 11627 Repairs and maintenance 151385 132192 19193 Taxes and licenses 88460 85380 3080 Utilities 63903 57885 6018 Security 24655 24655 35687 31239 4448 1661473 1509631 127417 24425 487934 603208 506174 256545 869701 947472 744848 744848 1474256 1383349 46931 22276 9841143 1263256 6890636 8577887 168356 159839 1176627 1229369 12365463 13924793 44144 60264 5040626 4913439 27723 29652 5112493 5003355 X 6985672 8614162 267298 307276 7252970 8921438 12365463 13924793 1668468 0 X 0 1 X 1 0 X 1410357 1462075 764796 890688 2552615 7080531 1410357 1462075 764796 890688 2552615 7080531 1581547 5498984 374002 559458 655344 611810 629935 2830549 27862 32831 54292 106048 221033 10132113 866340 0.54270 0.74510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1490384 1490384 8002519 1089454 6913065 348240 173802 174438 8577887 Investment in subsidiary 1099447 Notes receivable 29922 Contribution receivable 100000 1229369 Security deposits 29652 29652 3474200 144259 144259 3329941 0 3329941 1849266 187793 187793 1661473 0 1661473 Part XI, Line 2d - Other Adjustments: Income from for-profit subsidiaries Part XII, Line 2d - Other Adjustments: Expenses from for-profit subsidiaries Schedule D, Page 4, Part XI, lines 2d and 4b The audit of the Organization and its subsidiaries is comprised of for-profit entities which are excluded from this return. 0 Heights Community Development Corporation 769 National Memphis TN 38122 813066683 501(c)3 18600 0 Net book value Low-income residential properties To donate properties within Heights Community to support revitalization of Heights neighborhood X 1 1350000 Appraisal (Form 8283) 0 0 0 Form 990, Part VI, Section B, line 11b A copy of the Form 990 is presented to the Board of Directors and Executive Director for review and comments prior to the filing of the return. Upon approval of the Board, the Form 990 is filed electronically. Form 990, Part VI, Section B, line 12c The Board of Directors meets quarterly to review various matters includingfinancial performance and conflict of interest disclosures (if applicable).Upon discovery of any conflicts of interest, the resolution of the mattershall be decided by a majority vote of the board. Form 990, Part VI, Section B, line 15 The Board of Directors reviews the compensation of the top officials andevaluates the pay rates to ensure compensation is within range offered byother nonprofit organizations for the appropriate job description.The Board of Director and Executive Director review the compensation ofeach employee and evaluates the pay rates of employees to ensurecompensation is within the range offered by other nonprofit organizationsfor the appropriate job description. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Box B - Amended Return Amended Form 990: The originally filed Form 990 is being amended to agree the tax return to the audited financial statements which were concluded subsequent to the filing of the original Form 990 for the year ended December 31, 2022 with the following changes: Part VIII, Line 1h - Contribution and grant revenue increased $80,511 Part VIII, Line 2g - Program service revenue decreased $11,562 Part IX, column (A), Lines 11a-11d, 11f-24e - Other expenses decreased $16,204 Part X, Line 16 - Total assets increased $34,362 Part X, Line 26 - Total liabilities decreased $50,792 Binghampton Gateway LLC 280 Tillman Memphis TN 38117 320517479 Real estate leasing TN Binghampton Leverage Lender LLC 280 Tillman Memphis TN 38112 384025951 Lending TN Related 0 1 0.95000 Tillman Apartments Inc 280 Tillman Memphis TN 38112 205796083 Residential rental TN 3 C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Tillman Apartments Inc (reimburse Q Cost reimbursement