2019-11-15T14:33:15-08:00 2017-12-31 061209905 Maletta & Company 43 Enterprise Drive Bristol CT 060107457 990 2017-01-01 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 2017 2020-03-31 21:24:44Z X 851196 false false X N/A X 1977 MA TO PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT IN THE SPRINGFIELD, MA AREA AND 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 480062 228179 550445 621628 234279 159 3070 1230 1267856 851196 0 0 265231 241002 0 0 898293 712704 1163524 953706 104332 -102510 3960489 3591237 1296827 1026325 2663662 2564912 X TO PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT IN THE SPRINGFIELD, MA AREA AND 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 333305 296188 VILLA TAINO APARTMENTS - 30 UNIT USDA RD RURAL HOUSING MULTIPLE FAMILY HOUSING PROPERTY TO PROVIDE SUBSIDIZED HOUSING TO AREA FARM WORKERS AND THEIR FAMILIES. 313773 MAYAGUEZ PUERTO RICO ECONOMIC DEVELOPMENT, HEALTH FOODS INITATIVE, PROGRAM IN WESTERN PUERTO RICO 245646 218525 LA PLAZA - 12 COMMERCIAL RENTAL UNITS TO PROVIDE ECONOMIC DEVELOPMENT IN THE NORTH END OF SPRINGFIELD, MA. 106915 892724 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 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 228179 228179 BDC 106915 106915 LA PLAZA DEL MERCADO 531120 218525 218525 VILLA TAINO 531110 296188 296188 621628 159 159 0 0 0 0 0 0 0 OTHER INCOME 900099 1230 1230 1230 851196 623017 0 0 0 0 0 0 209545 209545 0 24268 24268 7189 7189 40268 40268 17069 17069 16250 16250 0 0 0 1886 1886 1837 1837 25673 25673 0 0 238309 238309 16690 16690 0 8473 8473 21941 21941 0 159920 159920 6213 6213 REPAIRS & MAINTENANCE 92925 92925 PROJECT COSTS 37186 37186 CONTRACTUAL SERVICES 11964 11964 MISCELLANEOUS EXPENSE 11629 9051 2578 4471 4471 953706 892724 60982 0 35884 73878 10908 10908 310591 22104 76274 65639 0 0 0 0 5734 5805 6094854 2935262 3264874 3159592 22674 26433 0 0 0 233550 226878 3960489 3591237 687489 421681 577925 574184 31413 30460 1296827 1026325 X 2663662 2564912 2663662 2564912 3960489 3591237 -102510 3760 X false true X false false X 567457 650205 496612 480062 228179 2422515 0 0 567457 650205 496612 480062 228179 2422515 0 2422515 441 383 1584 227 159 2794 0 1200 1200 1200 3070 1230 7900 2433209 0.99560 0.99650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 359656 359656 5117925 2777711 2340214 221768 40891 180877 385708 109348 276360 9797 7312 2485 3159592 CONSTRUCTION IN PROGRESS 49522 MORTGAGE COSTS 33618 RESERVE AND ESCROW DEPOSITS 114417 TENANT SECURITY DEPOSITS 28321 226878 DEPOSITS PAYABLE 30460 30460 X 851196 851196 851196 953706 953706 953706 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