Bridge Community Impact
- Assets
- $6.4m
- Revenue
- $4.6m
- Investments
- $1.3m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 07/2017
- Data as of
- 12/2019
- EIN
- 81-4175818
Organization Overview
Bridge Community Impact is located in San Francisco, CA. The organization was established in 2017. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Bridge Community Impact generated $4.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $3.5m during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: THIS ORGANIZATION SUPPORTS BRIDGE HOUSING CORPORATION (BRIDGE). BRIDGE STRENGTHENS COMMUNITIES BY DEVELOPING, OWNING AND MANAGING HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS.VISION:* BRIDGE STRENGTHENS COMMUNITIES AND CREATES OPPORTUNITIES FOR WORKING FAMILIES AND SENIORS, BEGINNING BUT NOT ENDING WITH HOUSING.* BRIDGE IS A LEADER AND INNOVATOR IN THE MISSION-DRIVEN BUSINESS OF EFFECTIVE PRODUCTION, OPERATION AND OWNERSHIP OF AFFORDABLE AND MIXED-INCOME HOUSING.* BRIDGE EARNS THE HIGHEST DEGREE OF CUSTOMER SATISFACTION FROM ALL STAKEHOLDERS, INCLUDING RESIDENTS, NEIGHBORS, INVESTORS, TAXPAYERS, PRIVATE- AND PUBLIC-SECTOR PARTNERS, AND EMPLOYEES.* BRIDGE IS THE GO-TO DEVELOPER AND OWNER FOR PUBLIC OFFICIALS, INVESTORS AND COMMUNITIES SEEKING AN ARRAY OF HOUSING SOLUTIONS, AND IT DELIVERS RESULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS FORMED TO FUND AND PROVIDE SERVICES TO SUPPORT PROGRAMS THAT ASSIST THE LOW- AND MODERATE-INCOME, ELDERLY, AND DISABLED HOUSEHOLDS WHO RESIDE IN BRIDGE-RELATED HOUSING DEVELOPMENTS, AND TO LESSEN THE BURDEN OF LOCAL GOVERNMENT, COMBAT COMMUNITY DETERIORATION AND LESSEN NEIGHBORHOOD TENSIONS IN COMMUNITIES ASSOCIATED WITH BRIDGE-RELATED HOUSING DEVELOPMENTS THROUGH PROGRAMS THAT PROVIDE SERVICES TO THE COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Valentine Vice President/cfo (outgoing) | OfficerTrustee | 1 | $0 |
Rebecca Hlebasko Vice President/asst Secty | OfficerTrustee | 1 | $0 |
Susan Johnson Vice President/secretary | OfficerTrustee | 1 | $0 |
Kimberley Mckay Vice President | OfficerTrustee | 1 | $0 |
Cynthia Parker President/ceo | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harder Company Community Research Research Services | 12/30/19 | $326,450 |
Community Initiatives Administrative Services | 12/30/19 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,530,599 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,530,599 |
| Total Program Service Revenue | $12,500 |
| Investment income | $21,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,564,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $254,500 |
| Grants and other assistance to domestic individuals. | $219,607 |
| 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 | $951,530 |
| Pension plan accruals and contributions | $52,881 |
| Other employee benefits | $103,965 |
| Payroll taxes | $69,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $917,953 |
| Advertising and promotion | $0 |
| Office expenses | $49,206 |
| Information technology | $2,040 |
| Royalties | $0 |
| Occupancy | $139,360 |
| Travel | $82,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,908 |
| Interest | $39,444 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,122 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,527,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,306 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,317,418 |
| Accounts receivable, net | $969 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $700,373 |
| Investments—other securities | $1,277,272 |
| Investments—program-related | $0 |
| Intangible assets | $155,119 |
| Other assets | $1,905,025 |
| Total assets | $6,385,482 |
| Accounts payable and accrued expenses | $230,699 |
| 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 | $2,426,525 |
| Total liabilities | $2,657,224 |
| Net assets without donor restrictions | -$1,114,580 |
| Net assets with donor restrictions | $4,842,838 |
| 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 | $6,385,482 |
Grants Awarded
Over the last fiscal year, Bridge Community Impact has awarded $40,033 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: TO SUPPORT THE AFFILIATE IN PROVIDING AFFORDABLE HOUSING. | $35,033 |
JORDAN DOWNS 1A LP PURPOSE: TO SUPPORT THE AFFILIATE IN PROVIDING AFFORDABLE HOUSING. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bridge Community Impact has recieved totaling $3,326,515.
| Awarding Organization | Amount |
|---|---|
Bridge Housing Corporation San Francisco, CA PURPOSE: TO SUPPORT PROJECT DEVELOPMENTS OF THE AFFILIATED ORGANIZATION | $3,326,515 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quality Development And Construction Inc Irvine, CA | $7,151,987 | $11,427,798 |
Destination Home Sv Mountain View, CA | $41,518,782 | $18,470,056 |
Jewish Senior Living Group San Francisco, CA | $2,332,058 | $8,939,808 |
Mmm East Inc San Francisco, CA | $119,188,070 | $6,506,473 |
Covia Foundation Walnut Creek, CA | $15,242,490 | $5,427,768 |
Rhf Holdings Group Inc Long Beach, CA | $60,439,706 | $3,964,114 |
Claremont Investment Management Company Claremont, CA | $1,000 | $3,676,693 |
Bridge Community Impact San Francisco, CA | $6,385,482 | $4,564,886 |
Cedarsinai Park Foundation Portland, OR | $11,237,596 | $2,147,492 |
The Jewish Home And Senior Living Foundation San Francisco, CA | $89,528,323 | $7,958,630 |
Jack Hall Hawaii Housing Corporation Honolulu, HI | $18,118,786 | $12,649,109 |
Ahsc Qalicb Portland, OR | $14,844,738 | $611,073 |