Overview
What is Brightwood Development Corporation?
Brightwood Development Corporation is a nonprofit organization headquartered at 11-13 Hampden Street, Springfield, Massachusetts. Its primary mission involves promoting economic and community development in both Springfield and Mayaguez, Puerto Rico. This is achieved through continuous assistance and support in various sectors, including job placement, fostering new and existing businesses, encouraging entrepreneurial activities, and providing housing. Additionally, the organization operates Villa Taino Apartments, a USDA-funded property that offers subsidized housing to local farm workers and their families.
Is Brightwood Development Corporation legitimate?
Brightwood Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brightwood Development Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,025
For more financial information, click here
What is the mission statement of Brightwood Development Corporation?
Brightwood Development Corporation is committed to promoting economic and community development in two distinct areas: Springfield, Massachusetts, and Mayaguez, Puerto Rico. Their approach involves providing ongoing assistance and support in various sectors, including job placement, the development of new and existing businesses, entrepreneurial activities, and housing. The organization's aim is to foster a thriving economic environment and improve the overall well-being of the communities they serve. A notable project under their purview is the Villa Taino Apartments, a USDA RD rural housing property that offers subsidized housing to local farm workers and their families.
Who is the CEO of Brightwood Development Corporation?
Heriberto Flores is the President of Brightwood Development Corporation.
What is the revenue of Brightwood Development Corporation?
Brightwood Development Corporation's revenue in 2022 was $343,669.
Who are the executives of Brightwood Development Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $236,360
- Other: $12,129
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Brightwood Development Corporation?
Brightwood Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brightwood Development Corporation
Brightwood Development Corporation is dedicated to fostering economic and community growth in two distinct areas: Springfield, Massachusetts, and Mayaguez, Puerto Rico. Their mission is achieved through ongoing assistance and support in various sectors, including job placement, the development of new and existing businesses, entrepreneurial ventures, and housing initiatives. By providing these services, Brightwood Development Corporation aims to contribute positively to the economic and social well-being of the communities it serves.
In particular, Brightwood Development Corporation operates the Villa Taino Apartments, a USDA RD rural housing property. This property offers subsidized housing to families of local farm workers, providing them with a stable living environment. By offering affordable housing, the organization helps ensure that these families can focus on other aspects of their lives, such as employment and education, contributing to the overall health and vitality of the community.
In summary, Brightwood Development Corporation's mission is to promote economic and community development by offering ongoing support in key areas such as job placement, business development, entrepreneurial activities, and housing. Through initiatives like the Villa Taino Apartments, the organization provides tangible benefits to families and contributes to the overall well-being of the communities it serves.
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Impact
October, 2024
Brightwood Development Corporation significantly enhances economic and community development in the Springfield, MA area and Mayaguez, Puerto Rico. Its initiatives focus on job placement, business development, entrepreneurial support, and housing assistance, fostering a vibrant local economy.
One key project, the Villa Taino Apartments, exemplifies its commitment to providing affordable housing. This 30-unit property offers subsidized housing for area farm workers and their families, addressing critical housing needs within the community. By creating living spaces that cater to the local workforce, Brightwood helps to stabilize families and empower them to thrive.
Through ongoing assistance in various sectors, Brightwood Development Corporation promotes community improvement and economic stability, supporting individuals and families in achieving better livelihoods and contributing to the growth of the local economy.
This information is meant to be a general summary of Brightwood Development Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $241
- Program Service Revenue: $316,803
- Gross Receipts: $343,669
Assets and Liabilities:
- Total Assets: $1,917,865
- Total Liabilities: $331,487
- Net Assets: $1,586,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VILLA TAINO
Revenue
$316,803
Organization Details
Founding Year
1977
Phone
(413) 272-2215Principal Officer
Heriberto Flores
Main Address
11-13 HAMPDEN ST, SPRINGFIELD, MA, 01103
NTEE Category
Code: S310 - Community improvement
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