2019-11-15T14:31:47-08:00 2018-12-31 061209905 Maletta & Company 43 Enterprise Drive Bristol CT 060107457 990 2018-01-01 042622178 BRIGHTWOOD DEVELOPMENT CORPORATION BRIG 4132722215 11-13 HAMPDEN ST SPRINGFIELD MA 01103 HERIBERTO FLORES President 2019-11-15 true MICHAEL A MALETTA CPA P00435529 8605826715 X 2018 2020-03-31 21:24:44Z 11-13 HAMPDEN ST SPRINGFIELD MA 01103 765161 false false X N/A X 1977 MA 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. 5 3 5 0 228179 249664 621628 515315 159 182 1230 0 851196 765161 0 0 241002 182614 0 0 712704 716509 953706 899123 -102510 -133962 3591240 3610289 1026328 1181423 2564912 2428866 X 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. false false 330694 292320 VILLA TAINO APARTMENTS - 30 UNIT USDA RD RURAL HOUSING MULTIPLE FAMILY HOUSING PROPERTY TO PROVIDE SUBSIDIZED HOUSING TO AREA FARM WORKERS AND THEIR FAMILIES. 251585 222925 LA PLAZA - 12 COMMERCIAL RENTAL UNITS TO PROVIDE ECONOMIC DEVELOPMENT IN THE NORTH END OF SPRINGFIELD, MA. 249664 MAYAGUEZ PUERTO RICO ECONOMIC DEVELOPMENT 831943 true true false false false false false false false false true false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 6 0 true 5 true false false false false false false false false 0 false false false false false false false false false false false false X 5 3 false false false false false false false false false false false true false false false false false false false false MA X JOHN MOTTO 4132722243 11-13 HAMPDEN ST SPRINGFIELD MA 01103 X HERIBERTO FLORES President 15.00 40.50 X X 0 0 0 NORMAN ROLDAN Secretary 2.00 0.00 X X 0 0 0 CECILIO RIVERA Treasurer 2.00 0.00 X X 0 0 0 VANESSA OTERO Vice President 2.00 40.00 X X 0 0 0 RUSSELL OMER Chairman 2.00 0.00 X 0 0 0 0 false false false 0 249664 249664 BDC LA PLAZA DEL MERCADO 531120 222995 222995 VILLA TAINO 531110 292320 292320 515315 182 182 0 0 0 0 0 0 0 OTHER INCOME 900099 0 765161 515497 0 0 0 0 0 0 156739 156739 0 18816 18816 7059 7059 42891 42891 8963 8963 16250 16250 0 0 0 1461 1461 2577 2577 16787 16787 0 0 251961 251961 19288 19288 0 5430 5430 23906 23906 0 162909 162909 2010 2010 REPAIRS & MAINTENANCE 82856 82856 PROJECT AND PROGRAM 38163 38163 CONTRACTUAL SERVICES 27023 27023 MISCELLANEOUS EXPENSE 14034 7456 6578 0 899123 831943 67180 0 73878 -8219 10908 6038 22104 249664 65639 93405 0 0 0 0 5805 5931 6099854 3096347 3159595 3003507 26433 24347 0 0 0 226878 235616 3591240 3610289 421681 605661 574184 546971 30463 28791 1026328 1181423 X 2564912 2428866 2564912 2428866 3591240 3610289 -133962 -2084 X false true X false false X 650205 496612 480062 249664 1876543 0 0 650205 496612 480062 249664 1876543 0 1876543 383 1584 227 2194 0 1200 1200 3070 5470 1884207 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 359656 359656 5117925 2902749 2215176 221768 49670 172098 390708 136093 254615 9797 7835 1962 3003507 CONSTRUCTION IN PROGRESS 49522 MORTGAGE COSTS 31796 RESERVE AND ESCROW ACCOUNTS 125107 TENANT SECURITY DEPOSITS 28191 235616 DEPOSITS PAYABLE 28790 Rounding 1 28791 X 765161 765161 765161 899123 899123 899123 Part X : FIN48 Footnote Under provisions of the U.S. Internal Revenue Code, section 501(c)(3), BDC is exempt from taxes on income, other than unrelated business income, and accordingly does not record a provision for income taxes on its related earnings. In June 2006, a new accounting interpretation was issued regarding accounting for uncertainty income taxes which prescribes how an entity should measure, recognize, present and disclose positions that it has taken or expects to take on its tax or information returns. The effect of the implementation of this guidance was not material to the financial statements.BDC regularly reviews and evaluates its tax positions taken in previously filed information returns and as reflected in its financial statements, with regard to issues affecting its tax exempt status, unrelated business income, and related matters. It believes that in the event of an examination by taxing authorities, its positions would prevail based on the technical merits of such positions. Therefore, BDC has concluded that no tax benefits or liabilities are required to be recognized. Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: LA PLAZA - 12 COMMERCIAL RENTAL UNITS TO PROVIDE ECONOMIC DEVELOPMENT IN THE NORTH END OF SPRINGFIELD, MA. Form 990, Part VI, Line 11b: Form 990 Review Process THE FORM 990 WAS REVIEWED BY MEMBERS OF THE BOARD OF DIRECTORS. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available APPLICABLE DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST TO BRIGHTWOOD DEVELOPMENT CORPORATION AND ARE MADE AVAILABLE BASED ON CURRENT REGULATIONS. PARTNERS FOR COMMUNITY 11-13 HAMPDEN STREET SPRINGFIELD MA 01103 043397486 NONPROFIT MANAGEMENT SERVICES MA 501(C)(3) 9 N/A false NEW ENGLAND FARM WORKERS COUNCIL INC 11-13 HAMPDEN STREET SPRINGFIELD MA 01103 060872959 HUMAN SERVICE, ECONOMIC DEVELOPMENT ORG MA 501(C)(3) 9 N/A false EL CENTRO DE SALUD MEDICO INC 2460 MAIN STREET SPRINGFIELD MA 01107 043269592 MEDICAL CENTER MA BRIGHTWOOD DEVELOPMENT CORPORATION C corp 1.00000 false false false false false false false false false false false false false false false false false false false false