Bridgewater Village Inc

Organization Overview

Bridgewater Village Inc is located in Bridgewater, VA. The organization was established in 1972. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Bridgewater Village Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgewater Village Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Bridgewater Village Inc generated $9.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $8.8m during the year ending 09/2021. While expenses have increased by 6.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

RETIREMENT HOUSING

Describe the Organization's Program Activity:

Part 3 - Line 4a

RETIREMENT HOUSING, PROPERTY MAINTENANCE & COORDINATION OF ACTIVITIES FOR THE RESIDENTS OF APPROXIMATELY 245 INDEPENDENT LIVING UNITS.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Carper
Facilities Directo
$100,288
John Neff
Vice Chairman
$0
Claire Martindale
Chairman
$0
Rodney Alderfer
President & CEO
$0
Pam Sherman
Secretary
$0
James Weaver
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $265,700
All other contributions, gifts, grants, and similar amounts not included above$12,203
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$277,903
Total Program Service Revenue$8,259,375
Investment income $1,543,619
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$123,323
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$24,444
Miscellaneous Revenue$0
Total Revenue $9,933,130

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Bridgewater Village Inc has recieved totaling $13,329.

Awarding OrganizationAmount
$13,329
View Grant Recipient Profile

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