2025-04-28T12:09:56-05:00 2024-06-30 881478669 CBIZ ADVISORS LLC 53 STATE STREET BOSTON MA 02109 990 2023-07-01 810687884 BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS INC BRAT 8022577731 76 COTTON MILL HILL BRATTLEBORO VT 05301 ADAM GRINOLD PRESIDENT 8022577731 2025-04-24 1 1 KRISTEN CUMMINGS P01510495 6178075000 2025-04-15 2023 2025-03-06 01:10:19Z ADAM GRINOLD 76 COTTON MILL HILL BRATTLEBORO VT 05301 990 0 X WWW.BRATTLEBORODEVELOPMENT.COM X 2015 VT TO FOSTER, ENCOURAGE & ASSIST THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN VERMONT. 3 2 0 2 0 0 0 0 263146 0 286 990 401484 0 664916 990 0 0 0 0 0 0 0 0 0 475565 52281 475565 52281 189351 -51291 190780 146968 1127 8606 189653 138362 X 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. 0 0 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. 0 0 0 0 0 0 0 0 0 1 0 0 0 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 1 0 1 0 0 0 0 0 0 0 0 0 X 3 2 0 1 0 0 1 1 0 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 155910 4677 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 126214 23793 0 282124 28470 0 0 1 0 0 990 990 990 0 0 990 X 42314 8606 1361 52281 146670 107678 4820 0 39290 39290 39290 190780 146968 1127 8606 1127 8606 X 189653 138362 189653 138362 190780 146968 -51291 0 X X 0 1 X 1 0 39290 39290 39290 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 155910 0 0 0 0 0 4677 0 0 0 160587 0 0 BOBBI KILBURN DIRECTOR OF FINANCE 0 126214 0 0 0 0 0 3786 0 20007 0 150007 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 EXIT ONE INDUSTRIAL PARK EXPANSION 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 TIMES INCLUDE PRESIDENT OF BDCC AND THE EXECUTIVE DIRECTOR OF BDCC. 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 APPROPRIATE 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. FORM 990, PART IX, LINE 11G OTHER FEES 8,606. 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 II INC 76 COTTON MILL HILL BRATTLEBORO VT 05301 813578784 ECONOMIC DEVELOPMENT VT 501(C)(6) BDCC 0 SOUTHEASTERN VERMONT ECONOMIC DEVELOPMENT STRATEGIES INC 76 COTTON MILL HILL BRATTLEBORO VT 05301 462760132 ECONOMIC DEVELOPMENT VT 501(C)(3) LINE 7 BDCC 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 II, 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.