Bridging Communities Inc
- Assets
- $2.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Detroit, MI
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 38-3434841
Organization Overview
Bridging Communities Inc is located in Detroit, MI. The organization was established in 1999. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2022, Bridging Communities Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridging 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 12/2022, Bridging Communities Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 23.1% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE SERVICES THAT CONNECT PEOPLE TO RESOURCES AND PROGRAMS THAT PROMOTE SENIOR INDEPENDENCE, HOUSING STABILITY AND HEALTHY COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE COORDINATION: PROVIDED SERVICES DURING 275 CLIENT INTERACTIONS, TOTALING 16,000 SERVICE UNITS
HOME REPAIR/HOMEOWNER SUPPORT SERVICES: 368 CLIENTS SERVED, AND HOME REPAIRS COMPLETED ON 29 PROPERTIES
CONDUCTED 9 HOMEBUYER EDUCATION WORKSHOPS AND 2 DETROIT LAND BANK WORKSHOPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kwaku Osei President | OfficerTrustee | 7 | $0 |
Joshua Morris Vice President | OfficerTrustee | 7 | $0 |
Courtney Elledge Secretary | OfficerTrustee | 7 | $0 |
Rhonda Bost Treasurer | OfficerTrustee | 7 | $0 |
Michael Joseph Director | Trustee | 7 | $0 |
Gay Salsberry Director | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,099 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,585,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,613,017 |
| Total Program Service Revenue | $2,717 |
| Investment income | $33,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,445 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,667,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $651,473 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,703 |
| Payroll taxes | $51,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,500 |
| Fees for services: Accounting | $27,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,176 |
| Advertising and promotion | $3,906 |
| Office expenses | $0 |
| Information technology | $7,889 |
| Royalties | $0 |
| Occupancy | $105,012 |
| Travel | $3,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,534 |
| Insurance | $14,856 |
| All other expenses | $35,825 |
| Total functional expenses | $1,944,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $907,853 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $61,896 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,473 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,262 |
| Net Land, buildings, and equipment | $372,293 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,019,133 |
| Total assets | $2,367,910 |
| Accounts payable and accrued expenses | $96,918 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $137,053 |
| Total liabilities | $233,971 |
| Net assets without donor restrictions | $1,670,075 |
| Net assets with donor restrictions | $463,864 |
| 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 | $2,367,910 |