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Brattleboro Development Credit Corporation Real Estate Holdings Ii Inc

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

EIN: 813578784 ✦ Brattleboro, VT ✦ Designated as a 501(c)(6)

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Overview

What is Brattleboro Development Credit Corporation Real Estate Holdings Ii Inc?

Brattleboro Development Credit Corporation Real Estate Holdings II Inc is a public benefit corporation, operating as a chamber of commerce, primarily situated in Vermont. The organization was established with the objective of fostering and encouraging the growth of business enterprises within the state, specifically in Windsor and Windham counties. To achieve this, they purchased a manufacturing facility in Rockingham, Vermont, leasing it to Chroma Technology Corp., a regional manufacturing company, to help expand their operations. The corporation's mission is also dedicated to promoting industrial and economic development in the mentioned regions.


Official website here: www.brattlebrordevelopment.com

Is Brattleboro Development Credit Corporation Real Estate Holdings Ii Inc legitimate?

Brattleboro Development Credit Corporation Real Estate Holdings Ii Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Brattleboro Development Credit Corporation Real Estate Holdings Ii 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.brattlebrordevelopment.com

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

Brattleboro Development Credit Corporation Real Estate Holdings II Inc, functioning as a chamber of commerce under Section 501(6) of the Internal Revenue Code, is primarily dedicated to promoting and fostering business enterprises within the state of Vermont. The organization specifically targets Windsor and Windham counties, aiming to encourage and aid in their industrial and economic development. In essence, its mission is to facilitate the physical establishment of businesses within the state, thereby contributing to its overall economic growth.


Official website here: www.brattlebrordevelopment.com

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

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


Official website here: www.brattlebrordevelopment.com

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

Brattleboro Development Credit Corporation Real Estate Holdings Ii Inc's revenue in 2022 was $783,112.


Official website here: www.brattlebrordevelopment.com

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

There 3 volunteers at Brattleboro Development Credit Corporation Real Estate Holdings Ii 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.brattlebrordevelopment.com

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

Brattleboro Development Credit Corporation Real Estate Holdings Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.brattlebrordevelopment.com

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

Mission Statement of Brattleboro Development Credit Corporation Real Estate Holdings Ii Inc

Brattleboro Development Credit Corporation Real Estate Holdings II Inc, as a public benefit corporation, is primarily organized and operated as a chamber of commerce, falling under Section 501(6) of the Internal Revenue Code of 1986. The corporation's primary mission is multifaceted, with a focus on fostering and encouraging the establishment of business enterprises within the state of Vermont. Its aim is not limited to this general purpose alone, as it also seeks to promote industrial and economic development in Windsor and Windham counties. In essence, Brattleboro Development Credit Corporation Real Estate Holdings II Inc serves as a catalyst for business growth and development throughout Vermont, contributing to its industrial and economic prosperity.

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Impact




October, 2024

Brattleboro Development Credit Corporation Real Estate Holdings II Inc significantly impacts the local economy and business landscape in Vermont. By facilitating the purchase and improvement of manufacturing facilities, the organization creates a supportive environment for regional businesses to thrive. Specifically, it has acquired a manufacturing facility in Rockingham, Vermont, which it leases to Chroma Technology Corp., a regional manufacturing company.

This arrangement not only ensures that Chroma Technology has the needed facilities and equipment to expand its operations, but it also contributes to job creation and retention within the area. By fostering the physical location of business enterprises, the corporation plays a crucial role in enhancing local employment opportunities, stimulating economic growth, and promoting community improvement in Windsor and Windham counties. The focus on supporting manufacturing aligns with broader efforts to strengthen the regional economy and empower local industries.




This information is meant to be a general summary of Brattleboro Development Credit Corporation Real Estate Holdings Ii 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
$783,112 (2022)
Expenses
$1,044,774 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $306
  • Program Service Revenue: $782,806
  • Gross Receipts: $783,112

Assets and Liabilities:

  • Total Assets: $21,969,490
  • Total Liabilities: $21,438,310
  • Net Assets: $531,180

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Programs

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

LEASE REVENUE

Revenue

$782,806

Organization Details

Founding Year

2016

Principal Officer

Adam Grinold

Main Address

76 COTTON MILL HILL, BRATTLEBORO, VT, 05301

NTEE Category

Code: S30 - Community improvement

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