Civic Intelligence

Brattleboro Development Credit Corporation Real Estate Holdings Inc

990 • Fiscal year 2020 • EIN 81-0687884

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 14, 2021

76 Cotton Mill HillBrattleboro, VT 05301

(802) 257-7731

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

0.97x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

30.62x

Higher debt load relative to revenue than 100% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Net Margin

6th percentile

-52%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

13th percentile

$128,908

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 23.3% of source-year revenue.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Asset Growth

28th percentile

-1.6%

Faster asset growth than 28% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

0.0%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$17,563,089

Down $277,723 (-1.6%) from 2019

Net Assets

Down

$584,867

Down $288,635 (-33%) from 2019

Liabilities

Up

$16,978,222

Up $10,912 (+0.1%) from 2019

Revenue

Up

$554,436

Up $159 (+0.0%) from 2019

Expenses

Up

$843,071

Up $327,509 (+64%) from 2019

Net Income

Down

-$288,635

Down $327,350 (-846%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2016: $14,798,653Liabilities 2016: $14,555,619Net Assets 2016: $243,0342016Assets 2017: $17,899,382Liabilities 2017: $17,330,247Net Assets 2017: $569,1352017Assets 2018: $17,796,415Liabilities 2018: $16,961,628Net Assets 2018: $834,7872018Assets 2019: $17,840,812Liabilities 2019: $16,967,310Net Assets 2019: $873,5022019Assets 2020: $17,563,089Liabilities 2020: $16,978,222Net Assets 2020: $584,8672020Assets 2021: $17,264,156Liabilities 2021: $16,971,174Net Assets 2021: $292,9822021Assets 2022: $16,974,658Liabilities 2022: $16,974,356Net Assets 2022: $3022022Assets 2023: $190,780Liabilities 2023: $1,127Net Assets 2023: $189,6532023Assets 2024: $146,968Liabilities 2024: $8,606Net Assets 2024: $138,3622024

Highlighted filing

2020

Assets$17,563,089
Liabilities$16,978,222
Net Assets$584,867

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $320,738Expenses 2016: $77,704Net Income 2016: $243,0342016Revenue 2017: $555,299Expenses 2017: $229,198Net Income 2017: $326,1012017Revenue 2018: $554,178Expenses 2018: $288,526Net Income 2018: $265,6522018Revenue 2019: $554,277Expenses 2019: $515,562Net Income 2019: $38,7152019Revenue 2020: $554,436Expenses 2020: $843,071Net Income 2020: -$288,6352020Revenue 2021: $553,071Expenses 2021: $844,956Net Income 2021: -$291,8852021Revenue 2022: $552,941Expenses 2022: $845,621Net Income 2022: -$292,6802022Revenue 2023: $664,916Expenses 2023: $475,565Net Income 2023: $189,3512023Revenue 2024: $990Expenses 2024: $52,281Net Income 2024: -$51,2912024

Highlighted filing

2020

Revenue$554,436
Expenses$843,071
Net Income-$288,635
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 14, 2021
Return Version
2019v5.1
Gross Receipts
$554,436
Mission and Program Overview

Mission

Brattleboro development credit corporation real estate holdings, inc.is a public benefit corporation organized and operated exclusively as a chamber of commerce within the meaning of section 501 (6) of the internal revenue code of 1986 as amended, (see sch o) and for specifically stated purposes. Without in any way limited to the foregoing general purposes, the specific purpose of the corporation is to foster, encourage, and assist both the physical location of business enterprises within the state of vermont and the industrial and economic development of windsor and windham counties.

To foster, encourage & assist the physical location of business enterprises within vermont.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,033,618$15,396,984▼ $636,634
Cash and Non-Interest-Bearing Accounts$316,120$258,737▼ $57,383
Accounts Receivable$11,917$18,378▲ $6,461
Total Assets$17,840,812$17,563,089▼ $277,723
Other Assets Total$1,479,157$1,888,990▲ $409,833
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,964,810$16,967,992▲ $3,182
Accounts Payable and Accrued Expenses$2,500$10,230▲ $7,730
Total Liabilities$16,967,310$16,978,222▲ $10,912
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$873,502$584,867▼ $288,635
Total Net Assets Fund Balance$873,502$584,867▼ $288,635
Total Liabilities and Net Assets / Fund Balance$17,840,812$17,563,089▼ $277,723

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,810,134$1,153,159$15,963,293
Land$586,850-$586,850
Other Assets Org$1,888,990--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Adam GrinoldPresident$128,908$128,908

Board Members and Trustees

NameTitle
Robert StevensSecretary
Dart EverettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$552,837
Investment Income
$1,599
Other Revenue
$0
Change in Net Assets
$-288,635
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$843,071
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$636,634
Interest---$121,445
Fees for Services Management---$70,380
Fees for Services Accounting---$8,925
Fees for Services Other---$4,250
Insurance---$807
Office Expenses---$630
Total Functional Expenses$0$0$0$843,071
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Exit one industrial park expansion project scope of work: (1) coordinate, audit and control financial projections; (2) review and approve financial materials and final financing packages, (3) work with professional service provider to prepare tax credit application; grant management administration and oversight; (4) perform functions relevant to legal requirements of project in coordination with development consultant, attorneys, and others; and (5) execute design and construction functions on behalf of the project.

Form 990, Part VI, Section A, Line 6

Sole member of the corporation shall be brattleboro development credit corporation, a vermont public benefit nonprofit, tax-exempt corporation.

Form 990, Part VI, Section A, Line 7A

Sole member of the corporation shall be brattleboro development credit corporation, a vermont public benefit nonprofit, tax-exempt corporation.

Form 990, Part VI, Section B, Line 11B

A draft of form 990 with all attachments was distributed to the trustees in advance of a meeting to discuss the filings. Trustees input was sought and appropriate additional disclosures and corrections were made.

Form 990, Part VI, Section B, Line 12C

On an annual basis, the conflict of interest / related party transaction policy is reviewed and edited for compliance, as necessary. Any / all edits are confirmed with general counsel, and then the policy is reviewed and approved by the board of trustees, including the completion of the questionnaire which is completed by staff and the board of trustees. These questionnaires are completed at least annually, or as needed, and are executed in parallel with the start of each fiscal year.

Form 990, Part VI, Section C, Line 19

Governing documents and policies are available for public inspection at the organization's office during regular business hours, upon request.

Filing and Contact Details

Filer

Filer Name
Brattleboro Development Credit
EIN
81-0687884
Phone
8022577731
Address
76 COTTON MILL HILL, BRATTLEBORO, VT 05301

Signing Officer

Name
Adam Grinold
Title
President
Phone
8022577731
Signed
2021-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Grinold
Formed
2015
Legal Domicile
Vt
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
3

Preparer

Firm
Melanson Pc
Address
9 EXECUTIVE PARK DRIVE, MERRIMACK, NH 03054
Preparer
Sheryl L Stephens Burke
Phone
6038821111
Raw XML Appendix336 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02500
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt010230
IRS990/AccountsReceivableGrp/BOYAmt011917
IRS990/AccountsReceivableGrp/EOYAmt018378
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO FOSTER, ENCOURAGE & ASSIST THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN VERMONT.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum08022577731
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt076 COTTON MILL HILL
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRATTLEBORO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd005301
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0316120
IRS990/CashNonInterestBearingGrp/EOYAmt0258737
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01599
IRS990/CYOtherExpensesAmt0843071
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0552837
IRS990/CYRevenuesLessExpensesAmt0-288635
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0843071
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0554436
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/TotalAmt0636634
IRS990/Desc0THE CORPORATION WAS FORMED TO PURCHASE AND IMPROVE A MANUFACTURING FACILITY CONSISTING OF TWO BUILDINGS AND AN ADJACENT PARCEL OF LAND IN BRATTLEBORO, VERMONT AS WELL AS ACQUIRE CERTAIN MANUFACTURING EQUIPMENT. THE CORPORATION LEASES THE FACILITY AND EQUIPMENT TO G.S.PRECISION, INC., (THE "TENANT") A REGIONAL MANUFACTURING COMPANY. THESE ACTIVITIES WILL FOSTER, ENCOURAGE AND ASSIST THE TENANT TO CONTINUE TO EXPAND ITS OPERATIONS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/ExpenseAmt0763136
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt08925
IRS990/FeesForServicesManagementGrp/TotalAmt070380
IRS990/FeesForServicesOtherGrp/TotalAmt04250
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt042.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt08975
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0ADAM GRINOLD
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm2DART EVERETT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0119933
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0554436
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt0807
IRS990/InterestGrp/TotalAmt0121445
IRS990/InvestmentIncomeGrp/ExclusionAmt01599
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01599
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01153159
IRS990/LandBldgEquipBasisNetGrp/BOYAmt016033618
IRS990/LandBldgEquipBasisNetGrp/EOYAmt015396984
IRS990/LandBldgEquipCostOrOtherBssAmt016550143
IRS990/LegalDomicileStateCd0VT
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS, INC.IS A PUBLIC BENEFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY AS A CHAMBER OF COMMERCE WITHIN THE MEANING OF SECTION 501 (6) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED, AND FOR SPECIFICALLY STATED PURPOSES. WITHOUT IN ANY WAY LIMITED TO THE FOREGOING GENERAL PURPOSES, THE SPECIFIC PURPOSE OF THE CORPORATION IS TO FOSTER, ENCOURAGE, AND ASSIST BOTH THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN THE STATE OF VERMONT AND THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF WINDSOR AND WINDHAM COUNTIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt016964810
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt016967992
IRS990/NetAssetsOrFundBalancesBOYAmt0873502
IRS990/NetAssetsOrFundBalancesEOYAmt0584867
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0873502
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0584867
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt0630
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01479157
IRS990/OtherAssetsTotalGrp/EOYAmt01888990
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ADAM GRINOLD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531190
IRS990/ProgramServiceRevenueGrp/Desc0LEASE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0552837
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0552837
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01440
IRS990/PYOtherExpensesAmt0515562
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0552837
IRS990/PYRevenuesLessExpensesAmt038715
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0515562
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0554277
IRS990/ReconcilationRevenueExpnssAmt0-288635
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0552837
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt014810134
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01153159
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015963293
IRS990ScheduleD/LandGrp/BookValueAmt0586850
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0586850
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01888990
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED REVENUE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015396984
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01888990
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXIT ONE INDUSTRIAL PARK EXPANSION PROJECT SCOPE OF WORK: (1) COORDINATE, AUDIT AND CONTROL FINANCIAL PROJECTIONS; (2) REVIEW AND APPROVE FINANCIAL MATERIALS AND FINAL FINANCING PACKAGES, (3) WORK WITH PROFESSIONAL SERVICE PROVIDER TO PREPARE TAX CREDIT APPLICATION; GRANT MANAGEMENT ADMINISTRATION AND OVERSIGHT; (4) PERFORM FUNCTIONS RELEVANT TO LEGAL REQUIREMENTS OF PROJECT IN COORDINATION WITH DEVELOPMENT CONSULTANT, ATTORNEYS, AND OTHERS; AND (5) EXECUTE DESIGN AND CONSTRUCTION FUNCTIONS ON BEHALF OF THE PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SOLE MEMBER OF THE CORPORATION SHALL BE BRATTLEBORO DEVELOPMENT CREDIT CORPORATION, A VERMONT PUBLIC BENEFIT NONPROFIT, TAX-EXEMPT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SOLE MEMBER OF THE CORPORATION SHALL BE BRATTLEBORO DEVELOPMENT CREDIT CORPORATION, A VERMONT PUBLIC BENEFIT NONPROFIT, TAX-EXEMPT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT OF FORM 990 WITH ALL ATTACHMENTS WAS DISTRIBUTED TO THE TRUSTEES IN ADVANCE OF A MEETING TO DISCUSS THE FILINGS. TRUSTEES INPUT WAS SOUGHT AND APPROPRIATE ADDITIONAL DISCLOSURES AND CORRECTIONS WERE MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ON AN ANNUAL BASIS, THE CONFLICT OF INTEREST / RELATED PARTY TRANSACTION POLICY IS REVIEWED AND EDITED FOR COMPLIANCE, AS NECESSARY. ANY / ALL EDITS ARE CONFIRMED WITH GENERAL COUNSEL, AND THEN THE POLICY IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, INCLUDING THE COMPLETION OF THE QUESTIONNAIRE WHICH IS COMPLETED BY STAFF AND THE BOARD OF TRUSTEES. THESE QUESTIONNAIRES ARE COMPLETED AT LEAST ANNUALLY, OR AS NEEDED, AND ARE EXECUTED IN PARALLEL WITH THE START OF EACH FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS, UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BRATTLEBORO DEVELOPMENT CREDIT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1BDCC REAL ESTATE HOLDINGS II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2SOUTHEASTERN VERMONT ECONOMIC DEVELOPMENT STRATEGIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0036010485
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1813578784
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2462760132
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt076 COTTON MILL HILL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt176 COTTON MILL HILL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt276 COTTON MILL HILL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BRATTLEBORO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1BRATTLEBORO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2BRATTLEBORO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd005301
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd105301
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd205301
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0BRATTLEBORO DEVELOPEMNT CREDIT CORPORATION PRIMARY ACTIVITY: TO SERVE AS A CATALYST FOR INDUSTRIAL AND COMMERCIAL GROWTH IN WINDHAM COUNTY, VERMONT AND TO CREATE AND RETAIN A FLOURISHING BUSINESS COMMUNITY THAT SUPPORTS VIBRANT FISCAL ACTIVITY AND IMPROVES THE QUALITY OF LIFE OF ALL ITS RESIDENTS. BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS II, INC. PRIMARY ACTIVITY: TO FOSTER, ENCOURAGE, AND ASSIST THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN VERMONT. DIRECT CONTROLLING ENTITY: BRATTLEBORO DEVELOPMENT CREDIT CORPORATION SOUTHEASTERN VERMONT ECONOMIC DEVELOPEMNT STRATEGIES, INC. PRIMARY ACTIVITY: TO RESERVE ECONOMIC DECLINE OF SOUTHERN VERMONT BY DEVELOPING THE REGION.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt017840812
IRS990/TotalAssetsEOYAmt017563089
IRS990/TotalAssetsGrp/BOYAmt017840812
IRS990/TotalAssetsGrp/EOYAmt017563089
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0843071
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016967310
IRS990/TotalLiabilitiesEOYAmt016978222
IRS990/TotalLiabilitiesGrp/BOYAmt016967310
IRS990/TotalLiabilitiesGrp/EOYAmt016978222
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0873502
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0584867
IRS990/TotalOtherCompensationAmt08975
IRS990/TotalProgramServiceExpensesAmt0763136
IRS990/TotalProgramServiceRevenueAmt0552837
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01599
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0552837
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0554436
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017840812
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017563089
IRS990/TotReportableCompRltdOrgAmt0119933
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt076 COTTON MILL HILL
IRS990/USAddress/CityNm0BRATTLEBORO
IRS990/USAddress/StateAbbreviationCd0VT
IRS990/USAddress/ZIPCd005301
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.BRATTLEBORODEVELOPMENT.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ADAM GRINOLD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08022577731
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-01-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BRATTLEBORO DEVELOPMENT CREDIT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION REAL ESTATE HOLDINGS INC
ReturnHeader/Filer/BusinessNameControlTxt0BRAT
ReturnHeader/Filer/EIN0810687884
ReturnHeader/Filer/PhoneNum08022577731
ReturnHeader/Filer/USAddress/AddressLine1Txt076 COTTON MILL HILL
ReturnHeader/Filer/USAddress/CityNm0BRATTLEBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005301
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020354851
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MELANSON PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09 EXECUTIVE PARK DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MERRIMACK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd003054
ReturnHeader/PreparerPersonGrp/PhoneNum06038821111
ReturnHeader/PreparerPersonGrp/PreparationDt02021-01-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHERYL L STEPHENS BURKE
ReturnHeader/ReturnTs02021-01-14T11:40:16-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings