Program areas at BDCC
Real estate: operation of industrial buildings and several lots in the exit one industrial park, housing in excess of 50 businesses, employing in excess of 350 people. The organization previously acquired older, unoccupied industrial buildings vacated by major employers and converted the buildings to facilities targeted to startup businesses, and to support regional employers as they look to grow and expand. The organization provides administrative and management support to these businesses, and to the southern Vermont region.
Administering bdcc's strategic projects / programs, funded from internal sources, federal, state, and private foundation grants, including workforce intiatives, business support & lending, community Development initiatives, and windham county economic Development program.
Development projects: bdcc has entered into agreements, in support of affiliated entities; Brattleboro Development Credit corporation real estate holdings, inc. and Brattleboro Development Credit corporation real estate holdings ii, inc., on behalf of specific expansion projects for the benefit of regional employers providing opportunities for growth and job creation.
Who funds Brattleboro Development Credit Corporation (BDCC)
Grants from foundations and other nonprofits
Personnel at BDCC
| Name | Title | Compensation | Date of data |
|---|
| Adam Grinold | Executive Director | $148,513 | 2023-06-30 |
| Bobbi Kilburn | Director of Finance and Grant Management | $115,680 | 2024-03-08 |
| Nathaniel Hussey | Director of Business | | 2023-08-06 |
| Jennifer Stromsten | Director of | | 2023-08-06 |
| Laura Sibilia | Director of Regional | | 2023-08-06 |
| ...and 10 more key personnel |
Financials for BDCC
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $1,741,775 | $1,956,598 | -11% |
| Program services | $3,274,137 | $3,156,602 | 3.7% |
| Investment income and dividends | $416,800 | $334,188 | 24.7% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $1,065,284 | -100% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $12,555 | $0 | 999% |
| Total revenues | $5,445,267 | $6,512,672 | -16.4% |
Organizations like BDCC
| Organization | Type | Location | Revenue |
|---|
| Cheyenne Leads | 501(c)(6) | Cheyenne, WY | $5,161,104 |
| Kosciusko Development | 501(c)(6) | Warsaw, IN | $1,549,729 |
| Lenawee Economic Development Corp | 501(c)(6) | Adrian, MI | $3,488,446 |
| Centerstate Corporation for Economic Opportunity | 501(c)(6) | Syracuse, NY | $13,051,588 |
| Greater Wichita Partnership | 501(c)(6) | Wichita, KS | $3,535,389 |
| Greater New Orleans | 501(c)(6) | New Orleans, LA | $4,756,637 |
| KU Innovation Park | 501(c)(6) | Lawrence, KS | $13,851,598 |
| Alexandria Economic Development Partnership | 501(c)(6) | Alexandria, VA | $2,718,223 |
| 1berkshire Strategic Alliance | 501(c)(6) | Pittsfield, MA | $2,210,893 |
| Lansing Economic Area Partnership (LEAP) | 501(c)(6) | Lansing, MI | $9,213,964 |
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 6, 2023
Updated personnel
Identified 5 new personnel
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 3 new personnel
June 26, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Human servicesCommunity improvementEconomic development
Characteristics
State / local levelReceives government fundingManagement and technical assistance
General information
- Address
- 76 Cotton Mill Rd
- Brattleboro, VT 05301
- County
- Windham County, VT
- Website URL
- brattleborodevelopment.com/Â
- Phone
- (802) 257-7731
- Facebook page
- BrattDevCreditCorpÂ
IRS details
- EIN
- 03-6010485
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1954
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Central organization
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