Bridge Communities Inc
- Assets
- $16.1m
- Revenue
- $5.5m
- Investments
- $3.7m
- Employees
- 36
- Location
- Glen Ellyn, IL
- Founding
- 09/1990
- Data as of
- 06/2022
- EIN
- 36-3705951
Organization Overview
Bridge Communities Inc is located in Glen Ellyn, IL. The organization was established in 1990. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Bridge Communities Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Communities 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 06/2022, Bridge Communities Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES AND HOUSING FOR HOMELESS FAMILIES.
Describe the Organization's Program Activity:
IN FY22, BRIDGE COMMUNITIES SERVED 81 FAMILIES INCLUDING 95 ADULTS (18 YRS AND OLDER) AND THEIR 151 CHILDREN (UNDER 18). BRIDGE CONTINUED TO EXPAND THE BREADTH AND QUALITY OF ITS SERVICE OFFERINGS TO FAMILIES AND THE OVER 300 VOLUNTEER MENTORS WHO SUPPORT THEM, FOCUSING ON CASE MANAGEMENT, NUTRITION, BEHAVIORAL HEALTH, TRAUMA INFORMED CARE, AND CAREER AND EDUCATIONAL COUNSELING FOR BOTH ADULTS AND TEEN CHILDREN. IN 2022, WE LAUNCHED A PILOT INITIATIVE TO TEST A STRATEGY TO SHIFT FUNDING AND SUPPORT FOR FAMILIES FACING HOMELESSNESS, REDUCING TIME TO HOUSE, AND EXPANDING, IN AN INCREMENTAL WAY, THE NUMBER AND KINDS OF FAMILIES BRIDGE CAN SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen S Wells CEO | Officer | 40 | $133,320 |
Amy Van Polen Senior Director Of Development | 40 | $110,033 | |
Meghan Kilian Director Of Finance & Administration | Officer | 40 | $47,906 |
John Gaziano Director Of Finance & Administration | Officer | 40 | $38,528 |
Misti Faust Director Of Finance & Administration | Officer | 40 | $30,095 |
Laura Jensen Chairwoman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beaksco Inc Property Management | 6/29/22 | $116,164 |
Geromini Cleaning Services Building Rehab And Maintenance | 6/29/22 | $175,447 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $651,112 |
| Related organizations | $0 |
| Government grants | $242,788 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,111,091 |
| Noncash contributions included in lines 1a–1f | $37,647 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,004,991 |
| Total Program Service Revenue | $1,561,721 |
| Investment income | $72,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,991 |
| Net Income from Fundraising Events | -$211,472 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,545,489 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $279,543 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $281,627 |
| Compensation of current officers, directors, key employees. | $204,051 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,538,019 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $249,456 |
| Payroll taxes | $134,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,465 |
| Fees for services: Accounting | $31,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,775 |
| Fees for services: Other | $81,196 |
| Advertising and promotion | $81,943 |
| Office expenses | $46,322 |
| Information technology | $123,062 |
| Royalties | $0 |
| Occupancy | $1,278,557 |
| Travel | $15,984 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,394 |
| Interest | $97,310 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $492,806 |
| Insurance | $75,532 |
| All other expenses | $0 |
| Total functional expenses | $5,035,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,646,775 |
| Pledges and grants receivable | $167,138 |
| Accounts receivable, net | $18,156 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $49,414 |
| Net Land, buildings, and equipment | $10,322,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,737,133 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $186,066 |
| Total assets | $16,127,143 |
| Accounts payable and accrued expenses | $262,640 |
| Grants payable | $0 |
| Deferred revenue | $68,217 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $488,907 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,286,723 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $142,774 |
| Total liabilities | $2,249,261 |
| Net assets without donor restrictions | $11,424,215 |
| Net assets with donor restrictions | $2,453,667 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,127,143 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bridge Communities Inc has recieved totaling $17,000.
| Awarding Organization | Amount |
|---|---|
Manire Foundation 23-05811 Glen Ellyn, IL PURPOSE: ADVOCACY | $15,000 |
J R Albert Foundation Inc Naperville, IL PURPOSE: GENERAL OPERATING | $2,000 |
Endowment Analysis
| Beg. Balance | $3,714,815 |
| Earnings | -$553,230 |
| Net Contributions | $215,426 |
| Other Expense | -$109,511 |
| Ending Balance | $3,267,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Contacts Inc Elgin, IL | $3,819,582 | $12,869,082 |
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |
Ahepa Affordable Housing Management Company Inc Fishers, IN | $29,875,447 | $8,886,631 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |
Appalachian Foothills Housing Agency Incorporated Wurtland, KY | $1,707,535 | $4,881,556 |