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Filing year 2023

BRIGHTWOOD DEVELOPMENT CORPORATION

Springfield, Massachusetts·EIN 04-2622178·NTEE S310 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$327k
Total assets
$1.9M
Total expenses
$391k
Reported officers
4
Mission

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.

Executive compensation

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.

Clerk
Officer (Unspecified)
$16k
$18k
Chairman
Board Chair
25th percentile to median
$9k
$10k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at BRIGHTWOOD DEVELOPMENT CORPORATION equaled 4% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
4%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about BRIGHTWOOD DEVELOPMENT CORPORATION

What does the Board Chair of BRIGHTWOOD DEVELOPMENT CORPORATION earn?

In 2023, the Board Chair of BRIGHTWOOD DEVELOPMENT CORPORATION received $8,940 in total compensation. This pay is below the median (the midpoint) for Board Chair roles among Community Improvement & Capacity Building organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Board Chair pay at BRIGHTWOOD DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2023 pay of the Board Chair at BRIGHTWOOD DEVELOPMENT CORPORATION falls between the 25th percentile and the median. In 2023, the highest total compensation at BRIGHTWOOD DEVELOPMENT CORPORATION equaled 4% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are BRIGHTWOOD DEVELOPMENT CORPORATION's revenue and expenses?

In 2023, BRIGHTWOOD DEVELOPMENT CORPORATION reported $327k in total revenue and $391k in total expenses on its IRS Form 990.

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