Bridges To Housing Stability Inc
- Assets
- $5.5m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 16
- Location
- Columbia, MD
- Founding
- 07/1991
- Data as of
- 06/2021
- EIN
- 52-1723716
Organization Overview
Bridges To Housing Stability Inc is located in Columbia, MD. The organization was established in 1991. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Bridges To Housing Stability Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridges To Housing Stability 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 06/2021, Bridges To Housing Stability Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $2.7m during the year ending 06/2021. While expenses have increased by 10.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ASSISTANCE TO HOUSEHOLDS EXPERIENCING HOMELESSNESS AND HOUSING INSTABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING STABILITY PROGRAM: THIS PROGRAM INCLUDES PERMANENT SUPPORTIVE HOUSING, RAPID REHOUSING, COORDINATED ENTRY SYSTEM (CES) CASE MANAGEMENT, AND EVICTION PREVENTION . THIS IS A HOUSING FIRST AND TRAUMA INFORMED PROGRAM FOR HOUSEHOLDS EXPERIENCING HOMELESSNESS OR AT IMMINENT RISK OF LOSING HOUSING. IN ADDITION TO REHOUSING AND PREVENTION SERVICES, CLIENTS ARE PROVIDED TENANT SUCCESS WORKSHOPS, BUDGETING ASSISTANCE, AND REFERRALS TO COMMUNITY RESOURCES INCLUDING FOOD, CLOTHING, FURNITURE, WORKFORCE DEVELOPMENT, CHILD CARE VOUCHERS ETC. FOLLOW UP SUPPORT IS GIVEN TO ALL REHOUSED HOUSEHOLDS TO ENSURE LONG TERM STABILITY. THE PROGRAM'S ACTIVITES REHOUSED 37 HOUSEHOLDS, PREVENTED 51 EVICTIONS, AND SERVED 534 INDIVIDUALS, 259 WERE CHILDREN.
BRIDGES ALLIANCE PROGRAM: AFFORDABLE BELOW MARKET RENTAL HOUSING WITH A CIRCLE OF SUPPORT FOR LOW-INCOME WORKING HOUSEHOLDS; REDUCES HOUSEHOLD RENTAL BURDEN, PROVIDES FINANCIAL AND GOAL ORIENTED EDUCATION, AND HOUSING STABILITY GOAL PLANS. PROVIDED 47 SCATTERED SITES BELOW MARKET RENTAL HOMES FOR WORKING HOUSEHOLDS, WITH 159 INDIVIDUALS SERVED, INCLUDING 74 OF THEM CHILDREN.
HOUSING CONNECTIONS PROGRAM: ENABLES PARTNERSHIPS BETWEEN LANDLORDS AND TENANTS THAT LOWER HOUSING BARRIERS FOR LOW INCOME HOUSEHOLDS AND ENSURES SUCCESSFUL RENTALS. CASE MANAGEMENT AND BI-MONTHLY HOME-VISITS GIVE TENANTS EXTRA SUPPORT DURING THEIR LEASE TERM AND CREATES POSITIVE RELATIONSHIPS AND EXPERIENCES WITH LANDLORDS. SEVENTEEN HOUSEHOLDS WERE REHOUSED, 4 EVICTIONS PREVENTED, AND 53 INDIVIDUALS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Broderick Executive Director | Officer | 40 | $100,929 |
Ruth Hoang Treasurer | OfficerTrustee | 1 | $0 |
Jessica Zuniga Chairperson | OfficerTrustee | 2 | $0 |
Bill Salganik Vice-Chairperson | OfficerTrustee | 2 | $0 |
Reid Spearman Secretary | OfficerTrustee | 1 | $0 |
Harriet Bachman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,735 |
| Related organizations | $0 |
| Government grants | $2,422,415 |
| All other contributions, gifts, grants, and similar amounts not included above | $194,306 |
| Noncash contributions included in lines 1a–1f | $42,963 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,655,456 |
| Total Program Service Revenue | $571,934 |
| Investment income | $3,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,958 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,262,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,002,794 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,964 |
| Compensation of current officers, directors, key employees. | $33,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $686,507 |
| Pension plan accruals and contributions | $16,739 |
| Other employee benefits | $74,284 |
| Payroll taxes | $71,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,287 |
| Fees for services: Accounting | $15,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,907 |
| Advertising and promotion | $0 |
| Office expenses | $71,900 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,592 |
| Travel | $346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,053 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,632 |
| Insurance | $17,018 |
| All other expenses | $443,247 |
| Total functional expenses | $2,708,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $772,787 |
| Savings and temporary cash investments | $170,092 |
| Pledges and grants receivable | $199,486 |
| Accounts receivable, net | $92,180 |
| 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 | $60,304 |
| Net Land, buildings, and equipment | $4,163,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,942 |
| Total assets | $5,509,063 |
| Accounts payable and accrued expenses | $72,079 |
| Grants payable | $0 |
| Deferred revenue | $132,738 |
| 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 | $743,535 |
| Unsecured mortgages and notes payable | $62,243 |
| Other liabilities | $51,858 |
| Total liabilities | $1,062,453 |
| Net assets without donor restrictions | $1,260,185 |
| Net assets with donor restrictions | $3,186,425 |
| 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 | $5,509,063 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Bridges To Housing Stability Inc has recieved totaling $330,537.
| Awarding Organization | Amount |
|---|---|
Horizon Foundation Of Howard County Inc Columbia, MD PURPOSE: RACIAL EQUITY COLLABORATIVE/POLICY CAMPAIGN | $225,000 |
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT THE GENERAL OPERATIONS OF THIS ORGANIZATION, WHICH PROVIDES AFFORDABLE HOUSING, CASE MANAGEMENT, AND SUPPORT SERVICES FOR FAMILIES. | $50,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $36,595 |
The Community Foundation Of Howard County Inc Columbia, MD PURPOSE: COMMUNITY GRANT | $9,600 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,080 |
Bobs Discount Furniture Charitable Foundation Inc Oakdale, CT PURPOSE: FOR EXEMPT PURPOSE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friendship Place Washington, DC | $9,467,594 | $20,756,314 |
Forkids Inc Chesapeake, VA | $30,389,970 | $15,557,559 |
Central Union Mission Washington, DC | $25,037,840 | $16,629,553 |
New Hope Housing Inc Alexandria, VA | $4,724,081 | $13,222,867 |
House Of Ruth Washington, DC | $26,954,207 | $14,138,940 |
York Union Rescue Mission Inc York, PA | $4,203,301 | $6,244,380 |
Opportunity House Reading, PA | $5,953,825 | $7,820,343 |
The Light House Inc Annapolis, MD | $14,282,025 | $6,589,792 |
Caritas Richmond, VA | $20,735,460 | $5,144,634 |
Bethesda Project Philadelphia, PA | $5,417,974 | $5,948,466 |
Doorways For Women & Families Inc Arlington, VA | $11,264,979 | $7,983,956 |
Frederick Rescue Mission Inc Frederick, MD | $6,870,226 | $5,166,957 |