Bridge Housing Ventures Inc
- Assets
- $24.9m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 94-3147882
Organization Overview
Bridge Housing Ventures Inc is located in San Francisco, CA. The organization was established in 1992. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, 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. Bridge Housing Ventures 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 12/2021, Bridge Housing Ventures Inc generated $5.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. 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
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 IS THE GENERAL PARTNER OR LIMITED PARTNER OF SEVERAL PARTNERSHIPS THAT PROVIDE LOW-INCOME HOUSING AND IS ALSO A LAND OWNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Hlebasko Asst Secty & VP | OfficerTrustee | 1 | $0 |
Cynthia Parker President & CEO (outgoing) | OfficerTrustee | 1 | $0 |
Jim Mather Cio & VP | OfficerTrustee | 1 | $0 |
Delphine Sherman CFO & Evp | OfficerTrustee | 1 | $0 |
Susan Johnson Secty, VP & CEO | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,389 |
| 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 | $2,389 |
| Total Program Service Revenue | $5,079,606 |
| Investment income | $606,057 |
| 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 | $5,688,052 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,732,202 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,616 |
| Fees for services: Accounting | $1,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $215,841 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,315 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,622,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,971 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $251,899 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,689,410 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $11,656,481 |
| Intangible assets | $161,674 |
| Other assets | $142,835 |
| Total assets | $24,929,270 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,995,297 |
| Total liabilities | $2,995,297 |
| Net assets without donor restrictions | $21,933,973 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $24,929,270 |
Grants Awarded
Over the last fiscal year, Bridge Housing Ventures Inc has awarded $821,585 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: TO SUPPORT THE AFFILIATE IN PROVIDING AFFORDABLE HOUSING. | $606,538 |
San Francisco, CA PURPOSE: TO SUPPORT THE AFFILIATE IN DEVELOPING NOT-FOR-PROFIT CHARTER SCHOOLS. | $215,047 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bridge Housing Ventures Inc has recieved totaling $8,195.
| Awarding Organization | Amount |
|---|---|
Bridge Housing Corporation San Francisco, CA PURPOSE: TO SUPPORT PROJECT DEVELOPMENTS OF THE AFFILIATED ORGANIZATION | $8,195 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orange County Rescue Mission Inc Tustin, CA | $68,598,932 | $34,318,569 |
Shelter Inc Concord, CA | $14,444,332 | $21,530,611 |
Weingart Center Association Los Angeles, CA | $33,365,091 | $18,847,886 |
Los Angeles Mission Inc Los Angeles, CA | $38,073,711 | $20,929,973 |
S V D P Management Inc San Diego, CA | $126,946,951 | $29,252,283 |
Dolores Street Community Services Inc San Francisco, CA | $11,206,108 | $14,606,522 |
Central Arizona Shelter Services Inc Phoenix, AZ | $14,727,580 | $22,356,024 |
American Family Housing Midway City, CA | $30,863,211 | $13,031,401 |
Harbor Interfaith Services Inc San Pedro, CA | $13,082,815 | $12,163,087 |
Good Samaritan Shelter Santa Maria, CA | $20,024,181 | $13,355,686 |
Building Opportunities For Self- Sufficiency Berkeley, CA | $8,821,046 | $11,844,747 |
East Oakland Community Project Oakland, CA | $11,201,833 | $9,075,354 |