Bridgehaven Inc
- Assets
- $18.1m
- Revenue
- $3.8m
- Investments
- $10.9m
- Employees
- 63
- Location
- Louisville, KY
- Founding
- 06/1974
- Data as of
- 06/2023
- EIN
- 61-0548949
Organization Overview
Bridgehaven Inc is located in Louisville, KY. The organization was established in 1974. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Bridgehaven Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgehaven 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 06/2023, Bridgehaven Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $5.0m during the year ending 06/2023. 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
BRIDGEHAVEN PROVIDES THE HIGHEST QUALITY COMMUNITY BASED PSYCHIATRIC REHABILITATION AND RECOVERY SERVICES, EDUCATION, AND SUPPORT TO THOSE TOUCHED BY MENTAL ILLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED 79,695 HOURS OF PSYCHIATRIC REHABILITATION AND RECOVERY SERVICES TO 528 MEMBERS WITH SEVERE AND PERSISTENT MENTAL ILLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Hagan-Grigsby Director | Trustee | 2 | $0 |
Barbara Dwyer Vice Chair | Trustee | 3 | $0 |
Brandy Arsenault Director | Trustee | 2 | $0 |
Don Kupper Director | Trustee | 2 | $0 |
Eileen Estes Director | Trustee | 2 | $0 |
Gary Bensing Executive | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $750 |
| Related organizations | $0 |
| Government grants | $105,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,474 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,224 |
| Total Program Service Revenue | $3,490,011 |
| Investment income | $410,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$474,549 |
| Net Income from Fundraising Events | -$7,267 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,764,085 |
| 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. | $633,103 |
| Compensation of current officers, directors, key employees. | $323,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,266,228 |
| Pension plan accruals and contributions | $120,592 |
| Other employee benefits | $379,076 |
| Payroll taxes | $213,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,450 |
| Fees for services: Other | $371,732 |
| Advertising and promotion | $0 |
| Office expenses | $130,658 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $227,739 |
| Travel | $33,869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,813 |
| Interest | $114,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,786 |
| Insurance | $44,156 |
| All other expenses | $43,629 |
| Total functional expenses | $5,027,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,289 |
| Savings and temporary cash investments | $1,130,828 |
| Pledges and grants receivable | $110,872 |
| Accounts receivable, net | $257,103 |
| 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 | $44,610 |
| Net Land, buildings, and equipment | $5,325,931 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,936,920 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,645 |
| Total assets | $18,074,198 |
| Accounts payable and accrued expenses | $62,104 |
| 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 | $328,764 |
| Total liabilities | $390,868 |
| Net assets without donor restrictions | $16,787,491 |
| Net assets with donor restrictions | $895,839 |
| 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 | $18,074,198 |