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Brattleboro Development Credit Corporation

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Details

An independent audit commissioned by this organization for the fiscal year ending June 2024 identified:

Material weakness in internal controls
Audit identified a deficiency in internal financial or governance controls that could limit the organization's ability to track and report financial data reliably. The deficiency could lead to failure to prevent or correct noncompliance with requirements.

Summary charts: organization finances over time

Revenue
$5.45M (2023)

Expenses
$4.74M (2023)

Total Assets
$29M (2023)

Total Liabilities
$16.3M (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2024

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,445,267
Expenses
$4,738,385
Net Income
$706,882
Net Assets
$12,737,211
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,741,775
32.0%
Program Services $3,274,137
60.1%
Investment Income $416,800
7.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,555
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $291,919
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $763,256
16.1%
Assets/Debt
Total Assets $29,036,082
Total Liabilities $16,298,871
Net Assets $12,737,211
Compensation
Key Employees and Officers Compensation Related Other
Adam Grinold (Executive Director) $148,513 $0 $4,455
Bobbi Kilburn (Director Of Finance) $115,680 $0 $9,600
Craig Miskovich (Chair) $0 $0 $0
Tammy Richards (Vice Chair) $0 $0 $0
Deborah Boyle (Treasurer) $0 $0 $0
John Meyer (Asst. Treasurer) $0 $0 $0
Robert Stevens (Trustee) $0 $0 $0
Dan Normandeau (Trustee) $0 $0 $0
Mark Richards (Trustee) $0 $0 $0
Kevin Meyer (Trustee) $0 $0 $0
Peter Carvell (Trustee) $0 $0 $0
Tracey John (Trustee) $0 $0 $0
Elizabeth Bridgewater (Trustee) $0 $0 $0
Stephan Morse (Trustee) $0 $0 $0
Phil Steckler (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,512,672
Expenses
$4,545,344
Net Income
$1,967,328
Net Assets
$12,030,329
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,956,598
30.0%
Program Services $3,156,602
48.5%
Investment Income $334,188
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,065,284
16.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $140,199
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,045,414
23.0%
Assets/Debt
Total Assets $36,714,715
Total Liabilities $24,684,386
Net Assets $12,030,329
Compensation
Key Employees and Officers Compensation Related Other
Adam Grinold (Executive Director) $141,385 $0 $4,764
Robert Stevens (President) $0 $0 $0
Tammy Richards (Vice Chair) $0 $0 $0
Deborah Boyle (Treasurer) $0 $0 $0
John Meyer (Asst. Treasurer) $0 $0 $0
Kevin Meyer (Trustee) $0 $0 $0
Phil Steckler (Trustee) $0 $0 $0
Mark Richards (Trustee) $0 $0 $0
Craig Miskovich (Trustee) $0 $0 $0
Dan Normandeau (Trustee) $0 $0 $0
Stephan Morse (Trustee) $0 $0 $0
Elizabeth Bridgewater (Trustee) $0 $0 $0
Peter Carvell (Trustee) $0 $0 $0
Tracey John (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,662,012
Expenses
$5,975,636
Net Income
$686,376
Net Assets
$5,042,567
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,637,622
54.6%
Program Services $2,690,261
40.4%
Investment Income $334,129
5.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $140,200
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $835,656
14.0%
Assets/Debt
Total Assets $32,397,294
Total Liabilities $27,354,727
Net Assets $5,042,567
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Adam Grinold (Executive Director) $139,373 $0 $4,181
Robert Stevens (President) $0 $0 $0
Tammy Richards (Vice President) $0 $0 $0
Deborah Boyle (Treasurer) $0 $0 $0
John Meyer (Asst. Treasurer) $0 $0 $0
Kevin Meyer (Trustee) $0 $0 $0
Phil Steckler (Trustee) $0 $0 $0
Mark Richards (Trustee) $0 $0 $0
Craig Miskovich (Trustee) $0 $0 $0
Dan Normandeau (Trustee) $0 $0 $0
Steve Gordon (Trustee) $0 $0 $0
Stephan Morse (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,130,891
Expenses
$3,619,367
Net Income
$511,524
Net Assets
$4,205,941
Notable Sources of Revenue Percent of Total Revenue
Contributions $635,699
15.4%
Program Services $3,153,588
76.3%
Investment Income $341,604
8.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $126,659
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $735,076
20.3%
Assets/Debt
Total Assets $29,604,782
Total Liabilities $25,398,841
Net Assets $4,205,941
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Adam Grinold (Executive Director) $119,933 $0 $8,975
Robert Stevens (President) $0 $0 $0
Tammy Richards (Vice President) $0 $0 $0
Deborah Boyle (Treasurer) $0 $0 $0
John Meyer (Asst. Treasurer) $0 $0 $0
Kevin Meyer (Trustee) $0 $0 $0
Phil Steckler (Trustee) $0 $0 $0
Mark Richards (Trustee) $0 $0 $0
Craig Miskovich (Trustee) $0 $0 $0
Dan Normandeau (Trustee) $0 $0 $0
Steve Gordon (Trustee) $0 $0 $0
Stephan Morse (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,229,000
Expenses
$3,820,276
Net Income
$408,724
Net Assets
$3,694,417
Notable Sources of Revenue Percent of Total Revenue
Contributions $827,329
19.6%
Program Services $3,067,811
72.5%
Investment Income $333,860
7.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $565,112
14.8%
Assets/Debt
Total Assets $28,635,501
Total Liabilities $24,941,084
Net Assets $3,694,417
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Adam Grinold (Executive Director) $122,769 $0 $4,551
Robert Stevens (President) $0 $0 $0
Tammy Richards (Vice President) $0 $0 $0
Deborah Boyle (Treasurer) $0 $0 $0
John Meyer (Asst. Treasurer) $0 $0 $0
Craig Miskovich (Trustee) $0 $0 $0
Kevin Meyer (Trustee) $0 $0 $0
Phil Steckler (Trustee) $0 $0 $0
Dan Normandeau (Trustee) $0 $0 $0
Steve Gordon (Trustee) $0 $0 $0
Mark Richards (Trustee) $0 $0 $0
Stephan Morse (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,270,278
Expenses
$3,817,479
Net Income
$452,799
Net Assets
$3,285,693
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,114,490
26.1%
Program Services $2,782,097
65.2%
Investment Income $325,231
7.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $48,460
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $123,948
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $383,768
10.1%
Assets/Debt
Total Assets $28,250,629
Total Liabilities $24,964,936
Net Assets $3,285,693
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Adam Grinold (Executive Director) $110,891 $0 $4,070
Craig Miskovich (President) $0 $0 $0
Robert Stevens (Vice President) $0 $0 $0
Deborah Boyle (Treasurer) $0 $0 $0
John Meyer (Asst. Treasurer) $0 $0 $0
Tammy Richards (Trustee) $0 $0 $0
Kevin Meyer (Trustee) $0 $0 $0
Phil Steckler (Trustee) $0 $0 $0
Dan Normandeau (Trustee) $0 $0 $0
Anupam Martins (Trustee) $0 $0 $0
Steve Gordon (Trustee) $0 $0 $0
Mark Richards (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,462,639
Expenses
$3,983,490
Net Income
$479,149
Net Assets
$2,832,894
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,512,160
33.9%
Program Services $2,539,212
56.9%
Investment Income $161,562
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $249,705
5.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $101,988
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $383,521
9.6%
Assets/Debt
Total Assets $27,878,698
Total Liabilities $25,045,804
Net Assets $2,832,894
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Adam Grinold (Executive Director) $94,533 $0 $9,953
Craig Miskovich (President) $0 $0 $0
Robert Stevens (Vice President) $0 $0 $0
Deborah Boyle (Tresurer) $0 $0 $0
John Meyer (Asst. Treasurer) $0 $0 $0
Kevin Meyer (Trustee) $0 $0 $0
Dan Normandeau (Trustee) $0 $0 $0
Tammy Richards (Trustee) $0 $0 $0
Mark Richards (Trustee) $0 $0 $0
Steve Gordon (Trustee) $0 $0 $0
Anupam Martins (Trustee) $0 $0 $0
Phil Steckler (Trustee) $0 $0 $0
Stephan Phillips (Secretary/Clerk) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,768,981
Expenses
$6,433,151
Net Income
$335,830
Net Assets
$2,353,745
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,360,866
64.4%
Program Services $2,199,465
32.5%
Investment Income $60,233
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $71,112
1.1%
Net Inventory Sales $0
Other Revenue $77,305
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $83,860
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $312,702
4.9%
Assets/Debt
Total Assets $14,180,294
Total Liabilities $11,826,549
Net Assets $2,353,745
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Adam Grinold (Executive Director) $80,814 $0 $885
Craig Miskovich (President) $0 $0 $0
Robert Stevens (Vice President) $0 $0 $0
Deborah Boyle (Treasurer) $0 $0 $0
Mark Richards (Trustee) $0 $0 $0
Tammy Richards (Trustee) $0 $0 $0
Steve Gordon (Trustee) $0 $0 $0
Dan Normandeau (Trustee) $0 $0 $0
John Meyer (Trustee) $0 $0 $0
Cheryl Bedard (Trustee) $0 $0 $0
Anupam Martins (Trustee) $0 $0 $0
Kevin Meyer (Trustee) $0 $0 $0
Phil Steckler (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,045,414
Expenses
$2,933,729
Net Income
$111,685
Net Assets
$2,017,915
Notable Sources of Revenue Percent of Total Revenue
Contributions $924,598
30.4%
Program Services $2,102,955
69.1%
Investment Income $5,269
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,592
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $45,218
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $251,656
8.6%
Assets/Debt
Total Assets $5,388,208
Total Liabilities $3,370,293
Net Assets $2,017,915
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Patricia Moulton (Former Executive Director) $43,460 $0 $0
Jeff Lewis (Former Executive Director) $14,507 $0 $0
Adam Grinold (Executive Director) $4,811 $0 $0
Dan Normandeau (President) $0 $0 $0
Craig Miskovich (Vice President) $0 $0 $0
Tammy Richards (Executive Committee) $0 $0 $0
John Vp Meyer (Asst. Treasurer) $0 $0 $0
Cheryl Bedard (Executive Committee) $0 $0 $0
Deborah Boyle (Treasurer) $0 $0 $0
Anupam Martins (Executive Committee) $0 $0 $0
Carl Lynde (Executive Committee) $0 $0 $0
Kevin Meyer (Executive Committee) $0 $0 $0
Mark Richards (Executive Committee) $0 $0 $0
Philip H Steckler Iii (Executive Committee) $0 $0 $0
Bob Stevens (Executive Committee) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,965,514
Expenses
$3,015,074
Net Income
-$49,560
Net Assets
$1,911,412
Notable Sources of Revenue Percent of Total Revenue
Contributions $989,260
33.4%
Program Services $1,965,630
66.3%
Investment Income $9,426
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,198
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $113,578
3.8%
Professional Fundraising Fees $0
Other Salaries and Wages $374,869
12.4%
Assets/Debt
Total Assets $5,285,509
Total Liabilities $3,374,097
Net Assets $1,911,412
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jeffrey Lewis (Executive Director) $106,495 $0 $5,605
Kevin Meyer (Executive Committee) $0 $0 $0
Phil Steckler (Executive Committee) $0 $0 $0
Carl Lynde (Executive Committee) $0 $0 $0
Mark Richards (Executive Committee) $0 $0 $0
Cheryl Bedard (Executive Committee) $0 $0 $0
Bob Stevens (Executive Committee) $0 $0 $0
John Vp Meyer (Executive Committee) $0 $0 $0
Hugh Barber (Executive Committee) $0 $0 $0
Dan Normandeau (President) $0 $0 $0
Craig Miskovitch (Vice President) $0 $0 $0
Tammy Richards (Treasurer) $0 $0 $0
Deborah Boyle (Vice Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,100,612
Expenses
$2,041,288
Net Income
$59,324
Net Assets
$1,936,485
Notable Sources of Revenue Percent of Total Revenue
Contributions $165,042
7.9%
Program Services $1,922,791
91.5%
Investment Income $12,779
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $45,088
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $382,107
18.7%
Assets/Debt
Total Assets $5,170,594
Total Liabilities $3,234,109
Net Assets $1,936,485

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,968,265
Expenses
$1,925,623
Net Income
$42,642
Net Assets
$1,877,161
Notable Sources of Revenue Percent of Total Revenue
Contributions $85,280
4.3%
Program Services $1,862,678
94.6%
Investment Income $20,307
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $148,700
7.7%
Professional Fundraising Fees $0
Other Salaries and Wages $217,980
11.3%
Assets/Debt
Total Assets $5,267,649
Total Liabilities $3,390,488
Net Assets $1,877,161

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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