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Brattleboro Development Credit Corporation Real Estate Holdings Inc

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

EIN: 810687884 ✦ Brattleboro, VT ✦ Designated as a 501(c)(6)

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Overview

What is Brattleboro Development Credit Corporation Real Estate Holdings Inc?

Brattleboro Development Credit Corporation Real Estate Holdings Inc is a public benefit corporation, functioning primarily as a chamber of commerce, with a focus on Vermont. Established with a mission to foster, encourage, and assist business enterprises within the state, particularly in Windsor and Windham counties, the corporation acquired a manufacturing facility and equipment in Brattleboro, Vermont, leasing it to G.S. Precision, Inc. This arrangement aims to support and facilitate the growth of the tenant's operations, thereby contributing to the local industrial and economic development.


Official website here: www.brattleborodevelopment.com

Is Brattleboro Development Credit Corporation Real Estate Holdings Inc legitimate?

Brattleboro Development Credit Corporation Real Estate Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Brattleboro Development Credit Corporation Real Estate Holdings Inc 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: $0

For more financial information, click here


Official website here: www.brattleborodevelopment.com

What is the mission statement of Brattleboro Development Credit Corporation Real Estate Holdings Inc?

Brattleboro Development Credit Corporation Real Estate Holdings Inc, operating as a chamber of commerce under Section 501(6) of the Internal Revenue Code, has a mission to foster and encourage the establishment of business enterprises within the state of Vermont. This public benefit corporation also aims to promote industrial and economic development in Windsor and Windham counties. Specifically, its purpose is to assist both the physical location of businesses and the economic growth within these regions. The organization's activities are geared towards supporting and encouraging business setup and development, contributing to the overall economic growth of the state and its specified counties.


Official website here: www.brattleborodevelopment.com

Who is the CEO of Brattleboro Development Credit Corporation Real Estate Holdings Inc?

Adam Grinold is the President of Brattleboro Development Credit Corporation Real Estate Holdings Inc.


Official website here: www.brattleborodevelopment.com

What is the revenue of Brattleboro Development Credit Corporation Real Estate Holdings Inc?

Brattleboro Development Credit Corporation Real Estate Holdings Inc's revenue in 2022 was $552,941.


Official website here: www.brattleborodevelopment.com

Who are the executives of Brattleboro Development Credit Corporation Real Estate Holdings Inc and what are their salaries?

There 3 volunteers at Brattleboro Development Credit Corporation Real Estate Holdings Inc.


Here are 3 key members and their salaries:


Adam Grinold (President)
  • Compensation: $0
  • Related: $141,385
  • Other: $4,764
Robert Stevens (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dart Everett (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.brattleborodevelopment.com

Where can I find the form 990 for Brattleboro Development Credit Corporation Real Estate Holdings Inc?

Brattleboro Development Credit Corporation Real Estate Holdings Inc'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 Corporation Real Estate Holdings Inc

Brattleboro Development Credit Corporation Real Estate Holdings Inc, as a public benefit corporation, is primarily focused on promoting and facilitating business enterprises within the state of Vermont. This mission is twofold, encompassing both the physical location of businesses and the overall industrial and economic development. The organization operates with a specific interest in Windsor and Windham counties, working tirelessly to foster and encourage the establishment and growth of businesses within these regions. By doing so, Brattleboro Development Credit Corporation Real Estate Holdings Inc contributes significantly to the economic landscape of Vermont, ultimately benefiting the local community.

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Impact




October, 2024

Brattleboro Development Credit Corporation Real Estate Holdings Inc plays a significant role in fostering economic growth and community improvement within Vermont. By purchasing and improving manufacturing facilities, this organization creates an environment conducive to business development. The acquisition and leasing of facilities and equipment to regional companies, such as G.S. Precision, Inc., directly support local job creation and retention.

Their activities facilitate the expansion of manufacturing operations, which in turn generates employment opportunities and stimulates the local economy in Brattleboro and surrounding areas. This focus on enhancing the physical location of businesses not only attracts new enterprises but also supports existing ones, ensuring a diversified and resilient economic landscape in Windham and Windsor counties.

Moreover, by concentrating on business location and industrial development, the corporation contributes to a strategic urban landscape that strengthens community ties and improves infrastructural capabilities. Overall, the impact of Brattleboro Development Credit Corporation Real Estate Holdings Inc is felt through enhanced economic vitality, improved job markets, and a healthier community environment.




This information is meant to be a general summary of Brattleboro Development Credit Corporation Real Estate Holdings Inc. 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
$552,941 (2022)
Expenses
$845,621 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $105
  • Program Service Revenue: $552,836
  • Gross Receipts: $552,941

Assets and Liabilities:

  • Total Assets: $16,974,658
  • Total Liabilities: $16,974,356
  • Net Assets: $302

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Programs

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

LEASE REVENUE

Revenue

$552,836

Organization Details

Founding Year

2015

Principal Officer

Adam Grinold

Main Address

76 COTTON MILL HILL, BRATTLEBORO, VT, 05301

NTEE Category

Code: S41 - Community improvement

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