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 2024.
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
Frequently Asked Questions
What is Brightwood Development Corporation?
Brightwood Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in SPRINGFIELD, MA. It holds $1.8M in total assets as of 2024.
How large is Brightwood Development Corporation?
As of 2024, Brightwood Development Corporation holds $1.8M in total assets with $327K in annual revenue.
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.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.