Brightwood Development Corporation

Public charity · Grantmaker Springfield, MA EIN: 04-2622178

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.

Key facts about Brightwood Development Corporation

EIN
04-2622178
Latest 990 filing
Form 990, 2024
Total assets
$1,815,825

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · 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 public charity 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Cities

Springfield

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K0 grants2020 0 grants2021 1 grant2022 0 grants2023 0 grants2024

In 2022 it made 1 grant totaling $27K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

1 grant across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 1 grant of 1 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$200K$400K$600K$800K2020 2021 2022 2023 2024
Metric202420232022
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
Net Investment Income$827$704$241

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Brightwood Development Corporation is led by Heriberto Flores, Chairman since 2023 (on filings since 2020); none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Heriberto Flores

    Chairman

    President → Chairman, 2023

    On filings since 2020

    1 hr/week

    No compensation reported

  • Sueleiza K. Acevedo

    Director

    Clerk → Director, 2023

    On filings since 2020

    1 hr/week

    No compensation reported

  • Cecilio Rivera

    Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Daniel Knapik

    Clerk

    On filings since 2023

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Brightwood Development Corporation

How large is Brightwood Development Corporation?

Brightwood Development Corporation reported $1.8M in total assets on its 2024 IRS Form 990. Its revenue that year was $327K.

What is Brightwood Development Corporation?

Brightwood Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Springfield, MA. It holds $1.8M in total assets as of 2024.

Where does Brightwood Development Corporation operate?

Brightwood Development Corporation has awarded grants in Massachusetts.

What is Brightwood Development Corporation's EIN?

Brightwood Development Corporation's EIN (Employer Identification Number) is 04-2622178. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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