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Brattleboro Development Credit Corp

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 036010485 ✦ Brattleboro, VT ✦ Designated as a 501(c)(6)

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Overview

What is Brattleboro Development Credit Corp?

Brattleboro Development Credit Corp, a private, nonprofit organization based in Brattleboro, Vermont, serves as a catalyst for industrial and commercial growth in Windham County. Their primary objective is to foster a thriving business community, promoting vibrant fiscal activity and enhancing the quality of life for all residents. They operate several industrial buildings and lots in the Exit One Industrial Park, housing over 50 businesses and employing over 350 people. The organization has a history of acquiring and repurposing vacant industrial buildings, converting them into facilities for startup businesses and supporting regional employers in their expansion plans. Brattleboro Development Credit Corp provides administrative and management support to these businesses, contributing to the economic growth of the Southern Vermont region.


Official website here: www.brattleborodevelopment.com

What do the Facebook reviews say about Brattleboro Development Credit Corp?

Although the Brattleboro Development Credit Corp has not yet accumulated an official rating, the limited reviews available reflect a positive sentiment. One reviewer highlights their role as landlords, describing them as kind and responsive, with a commitment to addressing maintenance issues. This indicates a strong focus on tenant needs and a willingness to assist, particularly concerning financial support.

The feedback suggests an overall sense of gratitude from the reviewer for the help received, acknowledging that while solutions may take time, this can be a common challenge with older buildings. There’s optimism expressed for future management with a new building manager, which indicates hope for continued improvement.

In summary, the feedback showcases a nonprofit that appears dedicated to supporting its tenants effectively while being open to feedback and improvements.


This AI summary has been generated from reviews found on Facebook.

Is Brattleboro Development Credit Corp legitimate?

Brattleboro Development Credit Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Brattleboro Development Credit Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $140,199
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,045,414

For more financial information, click here


Official website here: www.brattleborodevelopment.com

What is the mission statement of Brattleboro Development Credit Corp?

Brattleboro Development Credit Corp, as a private, nonprofit economic development organization, serves as a catalyst for industrial and commercial growth. Its primary objective is to create and sustain a thriving business community, which in turn supports robust fiscal activity and enhances the quality of life for all its residents. Through its initiatives, the organization aims to foster a vibrant economic landscape that benefits the community as a whole.


Official website here: www.brattleborodevelopment.com

Who is the CEO of Brattleboro Development Credit Corp?

Deborah Boyle is the President of Brattleboro Development Credit Corp.


Official website here: www.brattleborodevelopment.com

What is the revenue of Brattleboro Development Credit Corp?

Brattleboro Development Credit Corp's revenue in 2022 was $6,512,672.


Official website here: www.brattleborodevelopment.com

Who are the executives of Brattleboro Development Credit Corp and what are their salaries?

The average compensation at Brattleboro Development Credit Corp during 2022 was $49,401. There are 24 employees and 13 volunteers at Brattleboro Development Credit Corp.


Here are 14 key members and their salaries:


Robert Stevens (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tammy Richards (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Boyle (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Meyer (Asst. Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Meyer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Steckler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Richards (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Miskovich (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Normandeau (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephan Morse (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Bridgewater (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Carvell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracey John (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Grinold (Executive Director)
  • Compensation: $141,385
  • Related: $0
  • Other: $4,764


Official website here: www.brattleborodevelopment.com

Where can I find the form 990 for Brattleboro Development Credit Corp?

Brattleboro Development Credit Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.brattleborodevelopment.com

Learn more at the official website: www.brattleborodevelopment.com

Mission Statement of Brattleboro Development Credit Corp

Brattleboro Development Credit Corp, a private, nonprofit economic development organization, serves as a catalyst for industrial and commercial growth in its region. Its primary objective is to foster a thriving business community that encourages vibrant fiscal activity and improves the quality of life for all its residents. By supporting the creation and retention of businesses, this organization aims to contribute to a prosperous and fulfilling living environment for its community members.

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Impact




October, 2024

Brattleboro Development Credit Corporation (BDCC) plays a crucial role in driving economic growth in Windham County by acting as a catalyst for industrial and commercial development. It aims to create and maintain a vibrant business community that enhances fiscal activity and improves the quality of life for residents.

BDCC operates industrial buildings and several lots within the Exit One Industrial Park, housing over 50 businesses and employing more than 350 people. The organization has revitalized older, unoccupied industrial spaces that were vacated by major employers, transforming them into facilities designed to support startups and growth-oriented businesses in the region.

In addition to managing real estate, BDCC provides essential administrative and management support to local businesses, fostering an environment conducive to business growth and expansion. By focusing on both the creation of new opportunities and the retention of existing businesses, BDCC contributes significantly to the economic vitality of the region and the well-being of its community.




This information is meant to be a general summary of Brattleboro Development Credit Corp. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$6,512,672 (2022)
Expenses
$4,545,344 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,399,472
  • Program Service Revenue: $3,156,602
  • Gross Receipts: $6,697,388

Assets and Liabilities:

  • Total Assets: $36,714,715
  • Total Liabilities: $24,684,386
  • Net Assets: $12,030,329

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LEASE REVENUE

Revenue

$3,144,662

OTHER PROGRAMS

Revenue

$11,940

Organization Details

Founding Year

1954

Principal Officer

Deborah Boyle

Main Address

76 COTTON MILL ROAD, BRATTLEBORO, VT, 05301

NTEE Category

Code: S41 - Community improvement

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