Vermont · Nonprofit
BRATTLEBORO DEVELOPMENT CREDIT CORP
BRATTLEBORO DEVELOPMENT CREDIT CORP (Vermont) receives grants from 5 organizations whose IRS filings report $271,000 to it, the largest being VERMONT LOW INCOME TRUST FOR ELECTRICITY INC ($142,000). 2 of them have funded it in more than one year.
- Revenue FY2025
- $6.3M
- Funders on record
- 5
- Grants received
- $271k
- Net assets
- $15M
What Brattleboro Development Credit Corp does
Mission
Brattleboro Development Credit Corporation (bdcc), is a private, nonprofit economic development organization that serves as a catalyst for industrial and commercial growth throughout southeastern vermont, including windham county and the towns of readsboro, (see sch. O)searsburg, weston, and winhall. The primary objective of bdcc is to invest in the drivers of the regional economy so that people, businesses, and communities in southern vermont can thrive. Our vision statement reads: people who love southern vermont have opportunities to thrive here.
As stated on its FY2025 Form 990.
Programs
Real estate: operation of industrial buildings and several lots in the exit one industrial park, housing in excess of 50 businesses, employing in excess of 350 people. The organization previously acquired older, unoccupied industrial buildings vacated by major employers and converted the buildings to facilities targeted to startup businesses, and to support regional employers as they look to grow and expand. The organization provides administrative and management support to these businesses, and to the southern vermont region.
Development projects: bdcc has entered into agreements, in support of affiliated entities; Brattleboro Development Credit Corporation real estate holdings, inc. And Brattleboro Development Credit Corporation real estate holdings ii, inc., on behalf of specific expansion projects for the benefit of regional employers providing opportunities for growth and job creation.
Administering bdcc's strategic projects / programs, funded from internal sources, federal, state, and private foundation grants, including workforce intiatives, business support & lending, community development initiatives, and windham county economic development program.
The 3 programs described on its FY2024 Form 990, listed largest first by expense.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $29M to $18M (−39%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 34% · 2018 26% · 2019 20% · 2020 15% · 2021 55% · 2022 30% · 2023 32% · 2024 24% · 2025 27%. Grants only. Government contracts and fees sit inside program revenue.
32% of BRATTLEBORO DEVELOPMENT CREDIT CORP’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Adam Grinold
Executive director
Board chair
Craig Miskovich
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $20k → $22k.
1 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 11% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of BRATTLEBORO DEVELOPMENT CREDIT CORP’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
BRATTLEBORO DEVELOPMENT CREDIT CORP leans on a few funders — its largest provides 52% of grant income and the top three 85%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
81% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund BRATTLEBORO DEVELOPMENT CREDIT CORP.
Largest funder’s share by year: 2017 100% · 2019 100% · 2021 63% · 2022 100% · 2023 55% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of BRATTLEBORO DEVELOPMENT CREDIT CORP's grant income comes from Vermont funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $30k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
BRATTLEBORO DEVELOPMENT CREDIT CORP holds deeper cash reserves than three-quarters of the 2,127 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Government funding BRATTLEBORO DEVELOPMENT CREDIT CORP receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $21.0M on record — $4.6M federal, $16.4M state.
- Department of Labor$1.9M
- Department of Agriculture$1.6M
- Environmental Protection Agency$500k
- Department of Commerce$394k
- Small Business Administration$198k
- Other Grants$8.1M
- Grants$7.2M
- Other Contr and 3rd Pty Serv$694k
- Refugee Resettlement Program$221k
- Grants to Municipalities$129k
- Contr&3rd Pty-Participant$22k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like BRATTLEBORO DEVELOPMENT CREDIT CORP
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Vermont
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Governance
Footprint & structure
Part of a family of 7 related entities
- Vermont Development Credit Corporation · disregarded
- Southeastern Vermont Economic Development Strategies Inc · exempt
- Brattleboro Development Credit Corp Real Estate Holdings Inc · exempt
- Brattleboro Development Credit Corp Real Estate Holdings Iiinc · exempt
- Brattleboro Development Community Corporation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for BRATTLEBORO DEVELOPMENT CREDIT CORP: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds BRATTLEBORO DEVELOPMENT CREDIT CORP?
- BRATTLEBORO DEVELOPMENT CREDIT CORP (Vermont) receives grants from 5 organizations whose IRS filings report $271,000 to it, the largest being VERMONT LOW INCOME TRUST FOR ELECTRICITY INC ($142,000). 2 of them have funded it in more than one year.
- How many funders does BRATTLEBORO DEVELOPMENT CREDIT CORP have?
- IRS filings report 5 organizations giving $271,000 in grants to BRATTLEBORO DEVELOPMENT CREDIT CORP, 2 of which have funded it in more than one year.
- Who is the largest funder of BRATTLEBORO DEVELOPMENT CREDIT CORP?
- VERMONT LOW INCOME TRUST FOR ELECTRICITY INC is the largest funder on record, with $142,000 in grants. The full list of funders is on this page.
- How can an organization like BRATTLEBORO DEVELOPMENT CREDIT CORP find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Vermont. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing