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Brunswick Development Corporation

Brunswick Development Corporation

Brunswick, ME
Tax ID01-0498822

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Amount

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About this organization

Revenue

$14,032

Expenses

$41,998

Mission

Brunswick Development Corporation (BDC) provides low-cost financial assistance and other aid designed to improve economic conditions in the community of Brunswick, Maine. BDC provides funds and working capital (in the forms of loans and grants) to local business corporations and individual proprietors who may not be able to obtain funds from conventional commercial sources because of poor financial risk. Repaid loan funds, and any small interest thereon, is used to make new loans and to provide funding to the town of Brunswick to improve deteriorated areas and to beautify the community.

About

BDC uses grants and loans to foster, encourage, assist, support, and promote economic development, through the establishment, settlement, or resettlement of the town of Brunswick, Maine, for industrial, manufacturing, fishing, agricultural, recreational, or other business enterprises and to combat community deterioration through economic development.

Interesting data from their 2018 990 filing

According to the filing documents, the non-profit's mission is defined as “Brunswick development corporation (bdc) provides low-cost financial assistance and other aid designed to improve economic conditions in the community of brunswick, maine. bdc provides funds and working capital (in the forms of loans and grants) to local business corporations and individual proprietors who may not be able to obtain funds from conventional commercial sources because of poor financial risk. repaid loan funds, and any small interest thereon, is used to make new loans and to provide funding to the town of brunswick to improve deteriorated areas and to beautify the community.”.

When referring to its tasks, they were referred to as: “Brunswick development corporation (bdc) provides low-cost financial assistance and other aid designed to improve economic conditions in the community of brunswick, maine. bdc provides funds and working capital (in the forms of loans and grants) to local business corporations and individual proprietors who may not be able to obtain funds from conventional commercial sources because of poor financial risk. repaid loan funds, and any small interest thereon, is used to make new loans and to provide funding to the town of brunswick to improve deteriorated areas and to beautify the community.”.

  • The non-profit's state of operation has been legally reported as ME.
  • According to the latest filing, the non-profit's address in 2018 is 85 UNION STREET, BRUNSWICK, ME, 04011.
  • The total number of employees reported by the non-profit on their form for 2018 is 0.
  • Is not a private foundation.
  • Revenue is less than $100,000.
  • Revenue less expenses is -$27,966.
  • The organization has 7 independent voting members.
  • The organization was formed in 2017.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

Additional Non-Profits in the area

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