Bridge House Corporation
- Assets
- $26.1m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 183
- Location
- New Orleans, LA
- Founding
- 05/1959
- Data as of
- 12/2023
- EIN
- 72-6027674
Organization Overview
Bridge House Corporation is located in New Orleans, LA. The organization was established in 1959. As of 12/2023, Bridge House Corporation employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge House Corporation 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 12/2023, Bridge House Corporation generated $9.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $9.8m during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Romig Board Member | Trustee | 1 | $0 |
Kelly Commander Board Member | Trustee | 1 | $0 |
Walton Goldring President | OfficerTrustee | 2 | $0 |
Michael Pou Vice President | OfficerTrustee | 2 | $0 |
D Scott Crabtree Board Member | Trustee | 1 | $0 |
Keith Katz Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $331,481 |
| Related organizations | $0 |
| Government grants | $758,834 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,204,602 |
| Noncash contributions included in lines 1a–1f | $2,823,486 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,294,917 |
| Total Program Service Revenue | $3,215,312 |
| Investment income | $415,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $652,304 |
| Net Income from Fundraising Events | -$87,656 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $45,461 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,538,492 |
| 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. | $369,533 |
| Compensation of current officers, directors, key employees. | $27,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,432,392 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $486,904 |
| Payroll taxes | $362,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99,034 |
| Fees for services: Accounting | $36,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,182 |
| Fees for services: Other | $259,951 |
| Advertising and promotion | $141,623 |
| Office expenses | $148,462 |
| Information technology | $94,496 |
| Royalties | $0 |
| Occupancy | $789,755 |
| Travel | $23,574 |
| 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 | $572,461 |
| Insurance | $676,972 |
| All other expenses | $79,854 |
| Total functional expenses | $9,825,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $853,913 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $787,268 |
| Accounts receivable, net | $594,121 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $92,072 |
| Prepaid expenses and deferred charges | $172,735 |
| Net Land, buildings, and equipment | $11,493,998 |
| Investments—publicly traded securities | $10,904,677 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,177,051 |
| Total assets | $26,075,835 |
| Accounts payable and accrued expenses | $275,128 |
| 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 | $1,099,597 |
| Total liabilities | $1,374,725 |
| Net assets without donor restrictions | $23,948,667 |
| Net assets with donor restrictions | $752,443 |
| 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 | $26,075,835 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bridge House Corporation New Orleans, LA | $26,075,835 | $9,538,492 |
Crosspoint Inc San Antonio, TX | $10,004,484 | $9,042,793 |
Cole County Residential Services Inc Jefferson City, MO | $4,625,309 | $5,795,140 |
Memphis Recovery Centers Inc Memphis, TN | $4,616,326 | $4,657,941 |
Harbor House Of Jackson Inc Jackson, MS | $2,170,579 | $3,847,116 |