Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
990 • Fiscal year 2018 • EIN 81-3578784
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
99th percentile
Higher net margin than 99% of similar nonprofits.
Top Officer Pay
11th percentile
Higher top officer pay than 11% of similar nonprofits.
Top officer pay equals 13.3% of source-year revenue.
Asset Growth
65th percentile
Faster asset growth than 65% of similar nonprofits.
Revenue Growth
97th percentile
Faster revenue growth than 97% of similar nonprofits.
Assets
Up$23,840,745
Up $1,474,053 (+6.6%) from 2017
Net Assets
Up$970,078
Up $709,511 (+272%) from 2017
Liabilities
Up$22,870,667
Up $764,542 (+3.5%) from 2017
Revenue
Up$789,268
Up $528,701 (+203%) from 2017
Expenses
Up$79,757
Up $79,757 from 2017
Net Income
Up$709,511
Up $448,944 (+172%) from 2017
Brattleboro development credit corporation real estate holdings ii, inc. Is a public benefit corporation organized and operated exclusively as a chamber of commerce within the meaning of section 501(c)(6) of the internal revenue code of 1986 as amended, and for specifically stated purposes. Without in any way limited 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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $15,945,415 | $5,540,847 | ▼ $10,404,568 |
| Land, Buildings, and Equipment, Net | $185,430 | $185,430 | → $0 |
| Total Assets | $22,366,692 | $23,840,745 | ▲ $1,474,053 |
| Other Assets Total | $6,235,847 | $18,114,468 | ▲ $11,878,621 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $21,426,514 | $21,430,446 | ▲ $3,932 |
| Accounts Payable and Accrued Expenses | $679,611 | $1,440,221 | ▲ $760,610 |
| Total Liabilities | $22,106,125 | $22,870,667 | ▲ $764,542 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $260,567 | $970,078 | ▲ $709,511 |
| Total Net Assets Fund Balance | $260,567 | $970,078 | ▲ $709,511 |
| Total Liabilities and Net Assets / Fund Balance | $22,366,692 | $23,840,745 | ▲ $1,474,053 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $185,430 | - | $185,430 |
| Other Assets Org | $17,361,855 | - | - |
| Name | Title | Other | Total |
|---|---|---|---|
| Adam Grinold | President | $104,783 | $104,783 |
| Name | Title |
|---|---|
| Craig Miskovich | Secretary |
| Rich Kalich | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $79,757 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | $69,594 | - | - | $69,594 |
| Fees for Services Accounting | $10,163 | - | - | $10,163 |
| Total Functional Expenses | $79,757 | $0 | $0 | $79,757 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $79,757 |
| Total Expenses per Audited Statements | $79,757 |
| Total Expenses per Form 990 | $79,757 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“As of year end, 06/30/2018, adam grinold, president / director, is also the executive director of brattleboro development credit corporation. Craig miskovich, secretary / director, is also the president / chairman of the board of brattleboro development credit corporation.”
“Chroma technology corp. 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, attonerys, and others; and (5) execute design and construction functions on behalf of the project.”
“Sole member of the corporation shall be brattleboro development credit corporation, a vermont public benefit nonprofit, tax-exempt corporation.”
“Sole member of the corporation shall be brattleboro development credit corporation, a vermont public benefit nonprofit, tax-exempt corporation.”
“Bdcc, on behalf of bdcc re holdings ii, inc., : (1) executes the engagement letter with the party preparing the 990, (2) coordinates the transfer of required information, (3) confers with the service provider on all questions / concerns, and (4) provides internal review of the draft 990, which includes review by the project's investors; vermont rural ventures and massachusettes housing investment corporation. Additionally a draft of the 990 is provided to bdccs audit firm, melanson heath. Upon receipt of a final draft, the 990 is shared with the respective board members allowing for a question and answer period before the 990 is finalized, signed and submitted. The bdcc director of finance and grant management is the primary contact for this process.”
“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 bdcc staff, bdcc board of trustees, seveds board of trustees, bdcc re holdings, inc. Board of trustees, and bdcc re holdings ii, inc. Board of trustees. These questionnaires are completed at least annually, or as needed, and are executed in parrellel with the start of each fiscal year, or in july/annually.”
“The organization's governing documents and policies are available for public inspection at the organization's office during regular business hours upon request.”
“2016 is the first year of organization; incorporation documents were put in place including articles of incorporation, bylaws, etc.”
“The corporation is exempt from income taxes under section 501(c)(6) of the irc, except for income taxes on "unrelated business income," as defined in the irc. Management believes that all material activities of the corporation is within the tax-exempt guidelines of the irc. Due to its tax-exempt status, the corporation is not subject to income taxes. The corporation is required to file and does file tax returns with the internal revenue service ("irs") and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the corporation are subject to examination by the irs for a period of three years. The first year the corporation was required to file tax returns with the irs was the 2016 tax year.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 679611 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 1440221 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO FOSTER, ENCOURAGE & ASSIST THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN VERMONT. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | BOBBI KILBURN |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8022577731 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 76 COTTON MILL HILL |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | BRATTLEBORO |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VT |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 05301 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 15945415 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 5540847 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 6710 |
| IRS990/CYOtherExpensesAmt | 0 | 79757 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 782558 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 709511 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 79757 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 789268 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/Desc | 0 | THE CORPORATION WAS FORMED TO PURCHASE AND IMPROVE A MANUFACTURING FACILITY CONSISTING OF ONE BUILDING AND AN ADJACENT PARCEL OF LAND IN ROCKINGHAM, VERMONT AS WELL AS TO ACQUIRE CERTAIN MANUFACTURING EQUIPMENT. THE CORPORATION LEASES THE FACILITY AND EQUIPMENT TO CHROMA TECHNOLOGY CORP., (THE "TENANT") A REGIONAL MANUFACTURING COMPANY. THESE ACTIVITIES WILL FOSTER, ENCOURAGE, AND ASSIST THE TENANT TO CONTINUE TO EXPAND ITS OPERATIONS. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 79757 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 10163 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 10163 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 69594 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 69594 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | ADAM GRINOLD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | CRAIG MISKOVICH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | RICH KALICH |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 104783 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2016 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 3 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 789268 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 1 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 6710 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 6710 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 4 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 185430 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 185430 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 185430 |
| IRS990/LegalDomicileStateCd | 0 | VT |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS II, INC. IS A PUBLIC BENEFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY AS A CHAMBER OF COMMERCE WITHIN THE MEANING OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED, AND FOR SPECIFICALLY STATED PURPOSES. WITHOUT IN ANY WAY LIMITED 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/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 21426514 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 21430446 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 260567 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 970078 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 6235847 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 18114468 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | ADAM GRINOLD |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531190 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LEASE REVENUE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 782558 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 782558 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 1997 |
| IRS990/PYOtherExpensesAmt | 0 | 0 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 258570 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 260567 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 0 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 260567 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 709511 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 782558 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 79757 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 185430 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 185430 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 752613 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 17361855 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | DEFERRED REVENUE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | CONSTRUCTION IN PROGRESS |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 789268 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE IRC, EXCEPT FOR INCOME TAXES ON "UNRELATED BUSINESS INCOME," AS DEFINED IN THE IRC. MANAGEMENT BELIEVES THAT ALL MATERIAL ACTIVITIES OF THE CORPORATION IS WITHIN THE TAX-EXEMPT GUIDELINES OF THE IRC. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS") AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. THE FIRST YEAR THE CORPORATION WAS REQUIRED TO FILE TAX RETURNS WITH THE IRS WAS THE 2016 TAX YEAR. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 185430 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 18114468 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 79757 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 789268 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 789268 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 79757 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | AS OF YEAR END, 06/30/2018, ADAM GRINOLD, PRESIDENT / DIRECTOR, IS ALSO THE EXECUTIVE DIRECTOR OF BRATTLEBORO DEVELOPMENT CREDIT CORPORATION. CRAIG MISKOVICH, SECRETARY / DIRECTOR, IS ALSO THE PRESIDENT / CHAIRMAN OF THE BOARD OF BRATTLEBORO DEVELOPMENT CREDIT CORPORATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | CHROMA TECHNOLOGY CORP. 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, ATTONERYS, AND OTHERS; AND (5) EXECUTE DESIGN AND CONSTRUCTION FUNCTIONS ON BEHALF OF THE PROJECT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | SOLE MEMBER OF THE CORPORATION SHALL BE BRATTLEBORO DEVELOPMENT CREDIT CORPORATION, A VERMONT PUBLIC BENEFIT NONPROFIT, TAX-EXEMPT CORPORATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | SOLE MEMBER OF THE CORPORATION SHALL BE BRATTLEBORO DEVELOPMENT CREDIT CORPORATION, A VERMONT PUBLIC BENEFIT NONPROFIT, TAX-EXEMPT CORPORATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BDCC, ON BEHALF OF BDCC RE HOLDINGS II, INC., : (1) EXECUTES THE ENGAGEMENT LETTER WITH THE PARTY PREPARING THE 990, (2) COORDINATES THE TRANSFER OF REQUIRED INFORMATION, (3) CONFERS WITH THE SERVICE PROVIDER ON ALL QUESTIONS / CONCERNS, AND (4) PROVIDES INTERNAL REVIEW OF THE DRAFT 990, WHICH INCLUDES REVIEW BY THE PROJECT'S INVESTORS; VERMONT RURAL VENTURES AND MASSACHUSETTES HOUSING INVESTMENT CORPORATION. ADDITIONALLY A DRAFT OF THE 990 IS PROVIDED TO BDCCS AUDIT FIRM, MELANSON HEATH. UPON RECEIPT OF A FINAL DRAFT, THE 990 IS SHARED WITH THE RESPECTIVE BOARD MEMBERS ALLOWING FOR A QUESTION AND ANSWER PERIOD BEFORE THE 990 IS FINALIZED, SIGNED AND SUBMITTED. THE BDCC DIRECTOR OF FINANCE AND GRANT MANAGEMENT IS THE PRIMARY CONTACT FOR THIS PROCESS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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 BDCC STAFF, BDCC BOARD OF TRUSTEES, SEVEDS BOARD OF TRUSTEES, BDCC RE HOLDINGS, INC. BOARD OF TRUSTEES, AND BDCC RE HOLDINGS II, INC. BOARD OF TRUSTEES. THESE QUESTIONNAIRES ARE COMPLETED AT LEAST ANNUALLY, OR AS NEEDED, AND ARE EXECUTED IN PARRELLEL WITH THE START OF EACH FISCAL YEAR, OR IN JULY/ANNUALLY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | 2016 IS THE FIRST YEAR OF ORGANIZATION; INCORPORATION DOCUMENTS WERE PUT IN PLACE INCLUDING ARTICLES OF INCORPORATION, BYLAWS, ETC. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990 PART XII LINE 2C |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 1 | BDCC REAL ESTATE HOLDINGS INC |
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| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 970078 |
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| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
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| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 970078 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 76 COTTON MILL HILL |
| IRS990/USAddress/CityNm | 0 | BRATTLEBORO |
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| IRS990/VotingMembersIndependentCnt | 0 | 1 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
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| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ADAM GRINOLD |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8022577731 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-10-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | BRATTLEBORO DEVELOPMENT CREDIT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CORPORATION REAL ESTATE HOLDINGS II INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BRAT |
| ReturnHeader/Filer/EIN | 0 | 813578784 |
| ReturnHeader/Filer/PhoneNum | 0 | 8022577731 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 76 COTTON MILL HILL |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BRATTLEBORO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VT |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 05301 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 273CA1FFE404D8284B4685EE946B2CDEC2353731 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 209.3.217.20 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-12-12 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ES |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 08:15:03 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 221478099 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | COHNREZNICK LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 500 EAST PRATT STREET 4TH FLOOR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BALTIMORE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 21202 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4107834900 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | PHILIP H CORNBLATT |
| ReturnHeader/ReturnTs | 0 | 2018-12-13T14:09:59-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-06-30 |
| ReturnHeader/TaxYr | 0 | 2017 |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.