Brightwood Development Corporation
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
-3.4% YoY
Revenue
$327K
-0.1% YoY
Net Investment Income
$827
+17.5% YoY
Expenses
$396K
+1.4% YoY
About Brightwood Development Corporation
Based on IRS filings
Brightwood Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in SPRINGFIELD, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. Net investment income was $827.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,815,825 | $1,880,672 | $1,917,865 |
| Revenue | $326,800 | $327,011 | $343,669 |
| Expenses | $396,234 | $390,670 | $400,318 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $827 | $704 | $241 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HERIBERTO FLORES | Chairman | 1 | — |
| SUELEIZA K ACEVEDO | Director | 1 | — |
| CECILIO RIVERA | Treasurer | 1 | — |
| Daniel Knapik | Clerk | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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