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.
Brightwood Development Corporation at a glance
- Total assets
- $1,815,825
- -3.4% vs 2023
- Revenue (2024)
- $326,800
- -0.1% vs 2023
- Net investment income (2024)
- $827
- +17.5% vs 2023
- Expenses (2024)
- $396,234
- +1.4% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Brightwood Development Corporation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2022 it made 1 grant totaling $27K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New North Citizens Council Springfield, MA | housing development | $26,627 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,815,825 | $326,800 | $396,234 | — | — | $827 |
| 2023 | $1,880,672 | $327,011 | $390,670 | — | — | $704 |
| 2022 | $1,917,865 | $343,669 | $400,318 | $26,627 | 1 | $241 |
| 2021 | $1,990,844 | $196,076 | $701,697 | — | — | $-340,353 |
| 2020 | $3,030,658 | $545,164 | $655,531 | — | — | $221 |
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.
Focus Areas
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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Brightwood Development Corporation funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Leveling-Up Award $1,000 · Due October 25, 2026
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Brightwood Development Corporation's focus areas in our free grants database
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Brightwood Development Corporation down — hundreds of funders to go?