2024-02-28T14:21:49-06:00 2023-06-30 111986323 MARCUM LLP 555 LONG WHARF DRIVE NEW HAVEN CT 06511 990 2022-07-01 813578784 BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS II INC BRAT 8022577731 76 COTTON MILL HILL BRATTLEBORO VT 05301 ADAM GRINOLD PRESIDENT 8022577731 2024-02-05 1 ADAM GRINOLD 999009999 1 MARY ANTONETTI P00431862 2037819600 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ADAM GRINOLD 76 COTTON MILL HILL BRATTLEBORO VT 05301 785503 0 X WWW.BRATTLEBRORDEVELOPMENT.COM X 2016 VT TO FOSTER, ENCOURAGE, AND ASSIST THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN VERMONT. 3 2 0 3 0 0 0 0 782806 782806 306 2697 0 0 783112 785503 0 0 0 0 0 0 0 0 0 1044774 1068975 1044774 1068975 -261662 -283472 21969490 21698939 21438310 21451231 531180 247708 X BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS II, 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. 0 0 THE CORPORATION WAS FORMED TO PURCHASE AND IMPROVE A MANUFACTURING FACILITY CONSISTING OF ONE BUILDING AND AN ADJACENT PARCEL OF LAND IN ROCKINGHAM, VERMONT AS WELL AS ACQUIRE CERTAIN MANUFACTURING EQUIPMENT. THE CORPORATION LEASES THE FACILITY AND EQUIPMENT TO CHROMA TECHNOLOGY CORP.,(THE "TENANT") A REGIONAL MANUFACTURING COMPANY. THESE ACTIVITIES WILL FOSTER, ENCOURAGE, AND ASSIST THE TENANT TO CONTINUE TO EXPAND ITS OPERATIONS. 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 X THE ORGANIZATION 8022577731 76 COTTON MILL HILL BRATTLEBORO VT 05301 ADAM GRINOLD PRESIDENT 1.00 42.00 X X 0 148513 4455 CRAIG MISKOVICH SECRETARY 1.00 2.00 X X 0 0 0 DART EVERETT TREASURER 1.00 1.00 X X 0 0 0 BOBBI KILBURN DIRECTOR OF FINANCE 1.00 42.00 X 0 115680 9600 0 264193 14055 0 0 1 0 0 LEASE REVENUE 531190 782806 782806 782806 2697 2697 785503 782806 0 2697 83512 6375 4940 227113 738701 8334 1068975 333476 288295 26475 0 21023044 3074547 18687198 17948497 2922341 3462147 21969490 21698939 0 1125 21438310 21450106 21438310 21451231 X 531180 247708 531180 247708 21969490 21698939 -283472 0 X X 0 1 X 1 0 185430 185430 14408481 1499602 12908879 6429133 1574945 4854188 17948497 DEFERRED RENT RECEIVABLE 3462147 3462147 X PART X, LINE 2: THE FOLLOWING IS AN EXCERPT FROM NOTE 2 OF THE FINANCIAL STATEMENTS: BDCC, BDCC HOLDINGS, AND BDCC HOLDINGS II HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS ORGANIZATIONS DESCRIBED IN IRC SECTION 501(C)(6). SEVEDS HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) IS REQUIRED TO BE FILED ANNUALLY BY EACH ENTITY WITH THE IRS. IN ADDITION, NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO EACH ENTITY'S EXEMPT PURPOSE IS SUBJECT TO INCOME TAX. BDCC ACCOUNTS FOR UNCERTAIN TAX PROVISIONS UNDER FASB ASC 740, INCOME TAXES, WHICH PROVIDES A FRAMEWORK FOR HOW ENTITIES SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. BDCC MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS REVIEWED BDCC'S REPORTING AND BELIEVES THEY HAVE NOT TAKEN TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO BE DETERMINED TO BE INCORRECT BY THE IRS AND, THEREFORE, NO ADJUSTMENTS OR DISCLOSURES ARE REQUIRED. BDCC IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. 0 0 0 ADAM GRINOLD PRESIDENT 0 148513 0 0 0 0 0 4455 0 0 0 152968 0 0 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 FORM 990, PART VI, SECTION A, LINE 3 CHROMA TECHNOLOGY CORP. PROJECT SCOPE OF WORK: (1) COORDINATE, AUDIT, AND CONTROL FINANCIAL PROJECTIONS; (2) REVIEW AND APPROVE FINANCIAL MATERIALS AND FINAL FINANCING PACKAGES; (3) WORK WITH PROFESSIONAL SERVICE PROVIDER TO PREPARE TAX CREDIT APPLICATION, GRANT MANAGEMENT ADMINISTRATION, AND OVERSIGHT; (4) PERFORM FUNCTIONS RELEVANT TO LEGAL REQUIREMENTS OF PROJECT IN COORDINATION WITH DEVELOPMENT CONSULTANT, ATTORNEYS, AND OTHERS; AND (5) EXECUTE DESIGN AND CONSTRUCTION FUNCTIONS ON BEHALF OF THE PROJECT. FORM 990, PART VI, SECTION A, LINE 6 SOLE MEMBER OF THE CORPORATION SHALL BE BRATTLEBORO DEVELOPMENT CREDIT CORPORATION, ("BDCC") A VERMONT PUBLIC BENEFIT NONPROFIT, TAX-EXEMPT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A PURSUANT TO SECTION 3.2 OF THE BY-LAWS THE BOARD OF DIRECTORS SHALL AT ALL TIME INCLUDE PRESIDENT OF BDCC AND THE EXECUTIVE DIRECTOR OF BDCC. FORM 990, PART VI, SECTION A, LINE 7B PURSUANT TO SECTION 7.1 OF THE BY-LAWS, BDCC MAY AMEND OR REPEAL THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 WITH ALL ATTACHMENTS WAS DISTRIBUTED TO THE DIRECTORS IN ADVANCE OF A MEETING TO DISCUSS THE FILINGS. DIRECTORS INPUT WAS SOUGHT AND APPOPRIATE ADDITIONAL DISCLOSURES AND CORRECTIONS WERE MADE. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE CONFLICT OF INTEREST / RELATED PARTY TRANSACTION POLICY IS REVIEWED AND EDITED FOR COMPLIANCE, AS NECESSARY. ANY / ALL EDITS ARE CONFIRMED WITH GENERAL COUNSEL, AND THEN THE POLICY IS REVIEWED AND APPROVED BY THE BDCC BOARD OF TRUSTEES, INCLUDING THE COMPLETION OF THE QUESTIONNAIRE WHICH IS COMPLETED BY STAFF AND THE BOARD OF DIRECTORS/TRUSTEES. THESE QUESTIONNAIRES ARE COMPLETED AT LEAST ANNUALLY, OR AS NEEDED, AND ARE EXECUTED IN PARALLEL WITH THE START OF EACH FISCAL YEAR. IF THERE IS A POTENTIAL CONFLICT OF INTEREST THE INDIVIDUAL INVOLVED DOES NOT CAST A VOTE ON SUCH MATTER. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS, UPON REQUEST. BRATTLEBORO DEVELOPMENT CREDIT CORPORATION 76 COTTON MILL HILL BRATTLEBORO VT 05301 036010485 ECONOMIC DEVELOPMENT VT 501(C)(6) N/A 0 BDCC REAL ESTATE HOLDINGS INC 76 COTTON MILL HILL BRATTLEBORO VT 05301 810687884 ECONOMIC DEVELOPMENT VT 501(C)(6) N/A 0 SOUTHEASTERN VERMONT ECONOMIC DEVELOPMENT STRATEGIES INC 76 COTTON MILL HILL BRATTLEBORO VT 05301 462760132 ECONOMIC DEVELOPMENT VT 501(C)(3) PC N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 PART II, IDENTIFICATION OF RELATED TAX EXEMPT ORGANIZATIONS BRATTLEBORO DEVELOPMENT CREDIT CORPORATION. PRIMARY ACTIVITY: TO SERVE AS A CATALYST FOR INDUSTRIAL AND COMMERCIAL GROWTH IN WINDHAM COUNTY, VERMONT AND TO CREATE AND RETAIN A FLOURISHING BUSINESS COMMUNITY THAT SUPPORTS VIBRANT FISCAL ACTIVITY AND IMPROVES THE QUALITY OF LIFE OF ALL ITS RESIDENTS. BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS INC. PRIMARY ACTIVITY: TO FOSTER, ENCOURAGE, AND ASSIST THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN VERMONT. DIRECT CONTROLLING ENTITY: BRATTLEBORO DEVELOPMENT CREDIT CORPORATION SOUTHEASTERN VERMONT ECONOMIC DEVELOPMENT STRATEGIES, INC. PRIMARY ACTIVITY: TO REVERSE ECONOMIC DECLINE OF SOUTHERN VERMONT BY DEVELOPING THE REGION. DIRECT CONTROLLING ENTITY: BRATTLEBORO DEVELOPMENT CREDIT CORPORATION.