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← BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS I

Form 990 for tax year 2023

Filed by BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS I.

Totals

Total revenue
$990
Total expenses
$52,281
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$990
Other revenue
$0
Total assets, end of year
$146,968
Total liabilities, end of year
$8,606
Net assets or fund balances, end of year
$138,362
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $990 · excluded $990

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $42,314

  • 11g · Fees: other

    total $8,606

  • 23 · Insurance

    total $1,361

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $146,670 · end of year $107,678

  • 4 · Accounts receivable

    beginning of year $4,820 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $39,290

  • 10c · Land, buildings and equipment, net

    beginning of year $39,290 · end of year $39,290

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,127 · end of year $8,606

  • 27 · Net assets without donor restrictions

    beginning of year $189,653 · end of year $138,362

Mission and programs · 2023

Mission

BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS, 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.

Activities or mission (Part I)

TO FOSTER, ENCOURAGE & ASSIST THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN VERMONT.

  • BDCC HOLDINGS WAS FORMED TO BE A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS IN ACCORDANCE WITH THE TERMS UNDER THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM PURSUANT TO SECTION 45D OF THE INTERNAL REVENUE CODE (IRC). UNTIL FISCAL YEAR 2023 WHEN BDCC HOLDINGS UNWOUND THE NMTC STRUCTURE THEY WERE REQUIRED TO COMPLY WITH VARIOUS RULES AND REGULATIONS AND FAILURE TO COMPLY WITH THESE OR OTHER REQUIREMENTS COULD RESULT IN THE RECAPTURE OF NMTC'S ALREADY TAKEN BY THE NMTC INVESTOR. BDCC HOLDINGS NOW SERVES TO BE AVAILABLE TO BDCC IN SUPPORT OF CURRENT AND FUTURE DEVELOPMENT PROJECTS, AND IS THE OWNER OF PROPERTY LOCATED AT THE EXIT ONE INDUSTRIAL PARK WHICH IS MADE AVAILABLE TO MEET STORMWATER REQUIREMENTS FOR THE PARK'S COMMERCIAL NEEDS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Adam Grinold

    PRESIDENT

    Total calculated
    $160,587
    From this org
    $0
    From related orgs
    $155,910
    Other
    $4,677
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,910 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,677 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $160,587 related

  • Craig Miskovich

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dart Everett

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bobbi Kilburn

    DIRECTOR OF FINANCE

    Total calculated
    $150,007
    From this org
    $0
    From related orgs
    $126,214
    Other
    $23,793
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,214 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,786 related
    Nontaxable benefits
    $0 + $20,007 related
    Filer's total
    $0 + $150,007 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION THAT COMPENSATES THE CEO/EXECUTIVE DIRECTOR USE THE FOLLOWING METHODS TO ESTABLISH THEIR COMPENSATION: - COMPENSATION COMMITTEE - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
24 April 2025
IRS schema version
2023v6.0
Source object
202541189349301329

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