Nonprofit · EIN 04-2622178
BRIGHTWOOD DEVELOPMENT CORP
Tax-exempt · SPRINGFIELD, MA 01107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $326,800 | $396,234 | -$69,434 | $1,815,825 | $357,423 | $1,458,402 |
| December 31, 2023 | 990 | $327,011 | $390,670 | -$63,659 | $1,880,672 | $352,836 | $1,527,836 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $325,973
- Investment income
- $827
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $55,753
- Salaries, compensation and benefits (total)
- $68,593
- Professional fundraising fees
- $0
- Legal fees
- $1,869
- Accounting fees
- $8,000
- Occupancy
- $116,008
- Depreciation
- $79,588
- Program services (functional)
- $350,030
- Management and general (functional)
- $46,204
Balance sheet and other
- Total assets, start of year
- $1,880,672
- Total assets, end of year
- $1,815,825
- Total liabilities, end of year
- $357,423
- Net assets, end of year
- $1,458,402
- Land, buildings and equipment
- $1,236,196
- Publicly traded securities
- $21,825
- Net assets without donor restrictions
- $1,458,402
- Gross receipts
- $326,800
- Employees
- 0
- Year formed
- 1977
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HERIBERTO FLORES | Chairman Trustee or director, Officer | 1 | $0 |
| SUELEIZA K ACEVEDO | Director Trustee or director, Officer | 1 | $0 |
| CECILIO RIVERA | Treasurer Trustee or director, Officer | 1 | $0 |
| Daniel Knapik | Clerk Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Daniel Knapik | Clerk Trustee or director, Officer | 1 | $0 | $176,575 | $16,300 |
| HERIBERTO FLORES | Chairman Trustee or director, Officer | 1 | $0 | $123,751 | $8,940 |
| SUELEIZA K ACEVEDO | Director Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CECILIO RIVERA | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2460 MAIN ST STE 112, SPRINGFIELD, MA 01107-1946
- Principal officer (990 for 2024)
- CECILIO RIVERA, 2460 Main Street 112, SPRINGFIELD, MA 01107
- Signed the 990
- CECILIO RIVERA, Treasurer
- Phone
- (413) 746-3844
- Return prepared by
- Maletta & Company
Mission
TO PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT IN THE SPRINGFIELD, MA AREA AND MAYAGUEZ PUERTO RICO THROUGH ON-GOING ASSISTANCE AND SUPPORT IN THE AREAS OF JOB PLACEMENT, NEW AND EXISTING BUSINESS DEVELOPMENT, ENTREPRENEURIAL ACTIVITIES, AND HOUSING.
Program accomplishments
- BRIGHTWOOD DEVELOPMENT CORPORATION - TO PROMOTE ECONOMIC DEVELOPMENT IN THE SPRINGFIELD, MA AREA THROUGH ON-GOING ASSISTANCE AND SUPPORT IN THE AREAS OF JOB PLACEMENT, NEW AND EXISTING BUSINESS DEVELOPMENT, ENTREPRENEURSHIP, AND HOUSING.Expenses $350,030 · revenue $325,973
- VILLA TAINO APARTMENTS - 30 UNIT USDA RD RURAL HOUSING MULTIPLE FAMILY HOUSING PROPERTY TO PROVIDE SUBSIDIZED HOUSING TO AREA FARM WORKERS AND THEIR FAMILIES.
- MAYAGUEZ PUERTO RICO ECONOMIC DEVELOPMENT
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2622178
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $1,815,825
- Income (IRS master file)
- $326,800
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $326,800 | $396,234 | $1,815,825 | IRS |
| 990 | December 2023 | $327,011 | $390,670 | $1,880,672 | XML |
| 990 | December 2022 | $343,669 | $400,318 | $1,917,865 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2622178).
Questions about BRIGHTWOOD DEVELOPMENT CORP
- What is the EIN of BRIGHTWOOD DEVELOPMENT CORP?
- The employer identification number (EIN) of BRIGHTWOOD DEVELOPMENT CORP is 04-2622178.
- Is BRIGHTWOOD DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to BRIGHTWOOD DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRIGHTWOOD DEVELOPMENT CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BRIGHTWOOD DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BRIGHTWOOD DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BRIGHTWOOD DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 names CECILIO RIVERA.
- Who are the officers and directors of BRIGHTWOOD DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does BRIGHTWOOD DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $326,800, expenses of $396,234 and total assets of $1,815,825 at year end.
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All nonprofits in SPRINGFIELD · Massachusetts · Community improvement and capacity building