Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
990 • Fiscal year 2022 • 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
4th percentile
Higher net margin than 4% of similar nonprofits.
Top Officer Pay
14th percentile
Higher top officer pay than 14% of similar nonprofits.
Top officer pay equals 18.7% of source-year revenue.
Asset Growth
44th percentile
Faster asset growth than 44% of similar nonprofits.
Revenue Growth
32nd percentile
Faster revenue growth than 32% of similar nonprofits.
Assets
Down$21,969,490
Down $261,662 (-1.2%) from 2021
Net Assets
Down$531,180
Down $261,662 (-33%) from 2021
Liabilities
Flat$21,438,310
Flat from 2021
Revenue
Down$783,112
Down $203 (-0.0%) from 2021
Expenses
Down$1,044,774
Down $4,290 (-0.4%) from 2021
Net Income
Up-$261,662
Up $4,087 (+1.5%) from 2021
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, and assist the physical location of business enterprises within vermont.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $19,425,899 | $18,687,198 | ▼ $738,701 |
| Savings and Temporary Cash Investments | $422,718 | $333,476 | ▼ $89,242 |
| Accounts Receivable | $0 | $26,475 | ▲ $26,475 |
| Total Assets | $22,231,152 | $21,969,490 | ▼ $261,662 |
| Other Assets Total | $2,382,535 | $2,922,341 | ▲ $539,806 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $21,438,310 | $21,438,310 | → $0 |
| Total Liabilities | $21,438,310 | $21,438,310 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $792,842 | $531,180 | ▼ $261,662 |
| Total Net Assets Fund Balance | $792,842 | $531,180 | ▼ $261,662 |
| Total Liabilities and Net Assets / Fund Balance | $22,231,152 | $21,969,490 | ▼ $261,662 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $12,811,336 | $1,597,145 | $14,408,481 |
| Equipment | $5,690,432 | $738,701 | $6,429,133 |
| Land | $185,430 | - | $185,430 |
| Other Assets Org | $2,922,341 | - | - |
| Name | Title | Other | Total |
|---|---|---|---|
| Adam Grinold | President | $146,149 | $146,149 |
| Name | Title |
|---|---|
| Robert Stevens | Secretary |
| Dart Everett | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,044,774 |
| 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 |
|---|---|---|---|---|
| Depreciation Depletion | - | - | - | $738,701 |
| Interest | - | - | - | $215,317 |
| Fees for Services Management | - | - | - | $83,512 |
| Fees for Services Accounting | - | - | - | $6,950 |
| Insurance | - | - | - | $294 |
| Total Functional Expenses | $0 | $0 | $0 | $1,044,774 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“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, attorneys, 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, ("bdcc") a vermont public benefit nonprofit, tax-exempt corporation.”
“Pursuant to section 3.2 of the by-laws the board of directors shall at all time include president of bdcc and the executive director of bdcc.”
“Pursuant to section 7.1 of the by-laws, bdcc may amend or repeal the by-laws.”
“A draft of form 990 with all attachments was distributed to the directors in advance of a meeting to discuss the filings. Directors input was sought and appopriate additional disclosures and corrections were made.”
“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 bdcc board of trustees, including the completion of the questionnaire which is completed by staff and the board of directors/trustees. These questionnaires are completed at least annually, or as needed, and are executed in parallel with the start of each fiscal year. If there is a potential conflict of interest the individual involved does not cast a vote on such matter.”
“Governing documents and policies are available for public inspection at the organization's office during regular business hours, upon request.”
“Bdcc, bdcc holdings, and bdcc holdings ii have been recognized by the internal revenue service (irs) as exempt from federal income taxes under internal revenue code (irc) section 501(a) as organizations described in irc section 501(c)(6). Seveds has been recognized by the internal revenue service (irs) as exempt from federal income taxes under internal revenue code (irc) section 501(a) as an organization described in irc section 501(c)(3), qualifies for charitable contribution deductions, and has been determined not to be a private foundation. A return of organization exempt from income tax (form 990) is required to be filed annually by each entity with the irs. In addition, net income that is derived from business activities that are unrelated to each entity's exempt purpose is subject to income tax.”
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/AccountsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 26475 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO FOSTER, ENCOURAGE, AND ASSIST THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN VERMONT. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| 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/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| 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 | 306 |
| IRS990/CYOtherExpensesAmt | 0 | 1044774 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 782806 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -261662 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 1044774 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 783112 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 738701 |
| 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 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/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 1044774 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 6950 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 83512 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 42.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 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 | 4764 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | ADAM GRINOLD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | ROBERT STEVENS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | DART EVERETT |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 141385 |
| 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/ConsolidatedBasisFinclStmtInd | 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 | 783112 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 2 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/TotalAmt | 0 | 294 |
| IRS990/InterestGrp/TotalAmt | 0 | 215317 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 306 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 306 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 2335846 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 19425899 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 18687198 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 21023044 |
| 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 (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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 21438310 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 21438310 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 792842 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 531180 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 792842 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 531180 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 2382535 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 2922341 |
| 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 | 782806 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 782806 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 509 |
| IRS990/PYOtherExpensesAmt | 0 | 1049064 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 782806 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -265749 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 1049064 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 783315 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -261662 |
| 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 | 782806 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 422718 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 333476 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 12811336 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1597145 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 14408481 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 5690432 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 738701 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 6429133 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 185430 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 185430 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 2922341 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | DEFERRED RENT RECEIVABLE |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | BDCC, BDCC HOLDINGS, AND BDCC HOLDINGS II HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS ORGANIZATIONS DESCRIBED IN IRC SECTION 501(C)(6). SEVEDS HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) IS REQUIRED TO BE FILED ANNUALLY BY EACH ENTITY WITH THE IRS. IN ADDITION, NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO EACH ENTITY'S EXEMPT PURPOSE IS SUBJECT TO INCOME TAX. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 18687198 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 2922341 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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, ATTORNEYS, AND OTHERS; AND (5) EXECUTE DESIGN AND CONSTRUCTION FUNCTIONS ON BEHALF OF THE PROJECT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | SOLE MEMBER OF THE CORPORATION SHALL BE BRATTLEBORO DEVELOPMENT CREDIT CORPORATION, ("BDCC") A VERMONT PUBLIC BENEFIT NONPROFIT, TAX-EXEMPT CORPORATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PURSUANT TO SECTION 3.2 OF THE BY-LAWS THE BOARD OF DIRECTORS SHALL AT ALL TIME INCLUDE PRESIDENT OF BDCC AND THE EXECUTIVE DIRECTOR OF BDCC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | PURSUANT TO SECTION 7.1 OF THE BY-LAWS, BDCC MAY AMEND OR REPEAL THE BY-LAWS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | A DRAFT OF FORM 990 WITH ALL ATTACHMENTS WAS DISTRIBUTED TO THE DIRECTORS IN ADVANCE OF A MEETING TO DISCUSS THE FILINGS. DIRECTORS INPUT WAS SOUGHT AND APPOPRIATE ADDITIONAL DISCLOSURES AND CORRECTIONS WERE MADE. |
| 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 BDCC BOARD OF TRUSTEES, INCLUDING THE COMPLETION OF THE QUESTIONNAIRE WHICH IS COMPLETED BY STAFF AND THE BOARD OF DIRECTORS/TRUSTEES. THESE QUESTIONNAIRES ARE COMPLETED AT LEAST ANNUALLY, OR AS NEEDED, AND ARE EXECUTED IN PARALLEL WITH THE START OF EACH FISCAL YEAR. IF THERE IS A POTENTIAL CONFLICT OF INTEREST THE INDIVIDUAL INVOLVED DOES NOT CAST A VOTE ON SUCH MATTER. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS, UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION A, LINE 7B |
| 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 |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 1 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 2 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 0 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 1 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 2 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | BRATTLEBORO DEVELOPMENT CREDIT CORPORATION |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 1 | BDCC REAL ESTATE HOLDINGS INC |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 2 | SOUTHEASTERN VERMONT ECONOMIC DEVELOPMENT STRATEGIES INC |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 036010485 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 1 | 810687884 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 2 | 462760132 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(C)(6) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 1 | 501(C)(6) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 2 | 501(C)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | VT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 1 | VT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 2 | VT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | ECONOMIC DEVELOPMENT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 1 | ECONOMIC DEVELOPMENT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 2 | ECONOMIC DEVELOPMENT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | PC |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 76 COTTON MILL HILL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 1 | 76 COTTON MILL HILL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 2 | 76 COTTON MILL HILL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | BRATTLEBORO |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 1 | BRATTLEBORO |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 2 | BRATTLEBORO |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | VT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 1 | VT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 2 | VT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 05301 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 1 | 05301 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 2 | 05301 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 1 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 1 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 1 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 1 |
| IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt | 0 | BRATTLEBORO DEVELOPMENT 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 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 DEVELOPMENT STRATEGIES, INC. PRIMARY ACTIVITY: TO REVERSE ECONOMIC DECLINE OF SOUTHERN VERMONT BY DEVELOPING THE REGION. DIRECT CONTROLLING ENTITY: BRATTLEBORO DEVELOPMENT CREDIT CORPORATION. |
| IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART II, IDENTIFICATION OF RELATED TAX EXEMPT ORGANIZATIONS |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 0 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 22231152 |
| IRS990/TotalAssetsEOYAmt | 0 | 21969490 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 22231152 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 21969490 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1044774 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 21438310 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 21438310 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 21438310 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 21438310 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 792842 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 531180 |
| IRS990/TotalOtherCompensationAmt | 0 | 4764 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 1044774 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 782806 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 306 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 782806 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 783112 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 3 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 22231152 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 21969490 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 141385 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 76 COTTON MILL HILL |
| IRS990/USAddress/CityNm | 0 | BRATTLEBORO |
| IRS990/USAddress/StateAbbreviationCd | 0 | VT |
| IRS990/USAddress/ZIPCd | 0 | 05301 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 3 |
| IRS990/VotingMembersIndependentCnt | 0 | 2 |
| IRS990/WebsiteAddressTxt | 0 | WWW.BRATTLEBRORDEVELOPMENT.COM |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| 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 | 2023-04-07 |
| 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/PreparerFirmGrp/PreparerFirmEIN | 0 | 111986323 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MARCUM LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 555 LONG WHARF DRIVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NEW HAVEN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 06511 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2037819600 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MARY ANTONETTI |
| ReturnHeader/ReturnTs | 0 | 2023-05-03T09:59:44-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | ADAM |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | GRINOLD |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-06-30 |
| ReturnHeader/TaxYr | 0 | 2021 |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.