Bridge Of Hope Greater Denver
- Assets
- $540.4k
- Revenue
- $547.5k
- Investments
- $0.0
- Employees
- 11
- Location
- Denver, CO
- Founding
- 12/2002
- Data as of
- 03/2023
- EIN
- 47-1837869
Organization Overview
Bridge Of Hope Greater Denver is located in Denver, CO. The organization was established in 2002. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 03/2023, Bridge Of Hope Greater Denver employed 11 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bridge Of Hope Greater Denver 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 03/2023, Bridge Of Hope Greater Denver generated $547.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $638.9k during the year ending 03/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE CHRISTIAN FAITH COMMUNITIES IN ENDING FAMILY HOMELESSNESS THROUGH NEIGHBORING RELATIONSHIPS THAT DEMONSTRATE CHRIST'S LOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FY 22-23, BRIDGE OF HOPE GREATER DENVER PARTNERED WITH 25 FAMILIES WHO WERE FACING HOMELESSNESS IN THE GREATER DENVER AREA. IN TOTAL, 25 SINGLE MOTHERS AND 53 CHILDREN WERE SERVED. THESE FAMILIES BENEFITED FROM RENTAL ASSISTANCE; PROFESSIONAL SUPPORT FOCUSED ON BUDGETING, CAREER PLANNING AND LIFE SKILLS; AND A NETWORK OF VOLUNTEERS. THIS COMBINATION OF RESOURCES HELPED FAMILIES TO STABILIZE AND EVENTUALLY TRANSITION FROM SURVIVING TO THRIVING. IN FY 22-23, 6 FAMILIES RECEIVED EDUCATION, 19 FAMILIES INCREASED THEIR INCOME, FAMILIES PAID OFF $44,500 IN DEBT AND 13 FAMILIES GRADUATED TO SELF-SUFFICIENCY. OVERALL, 92% OF THE GRADUATES MAINTAINED STABLE HOUSING AND EMPLOYMENT AFTER EXITING THE BRIDGE OF HOPE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ajay Bajaj President | OfficerTrustee | 2 | $0 |
Linda Hammond Vice President/secretary | OfficerTrustee | 2 | $0 |
Laura Asbell Treasurer | OfficerTrustee | 8 | $0 |
Adele Funk Secretary | OfficerTrustee | 2 | $0 |
Marie Myhr Board Member | Trustee | 2 | $0 |
Nate Melchior Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $249,226 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $382,766 |
| Noncash contributions included in lines 1a–1f | $21,072 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $631,992 |
| Total Program Service Revenue | $0 |
| Investment income | $6,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,154 |
| Net Income from Fundraising Events | -$85,690 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $547,482 |
| 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 | $321,679 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,204 |
| Payroll taxes | $28,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79 |
| Fees for services: Other | $10,995 |
| Advertising and promotion | $6,869 |
| Office expenses | $17,706 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,883 |
| 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 | $0 |
| Insurance | $12,727 |
| All other expenses | $11,875 |
| Total functional expenses | $638,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $281,920 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,635 |
| 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 | $21,301 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $232,502 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $540,358 |
| Accounts payable and accrued expenses | $364 |
| 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 | $2,821 |
| Total liabilities | $3,185 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $537,173 |
| Total liabilities and net assets/fund balances | $540,358 |