Bridge Economic Development Corporation
- Assets
- $17.6m
- Revenue
- $332.1k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 12/1995
- Data as of
- 12/2021
- EIN
- 94-3149476
Organization Overview
Bridge Economic Development Corporation is located in San Francisco, CA. The organization was established in 1995. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Economic Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Bridge Economic Development Corporation generated $332.1k 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 (34.5%) each year. All expenses for the organization totaled $922.3k 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 FURTHERS THE EXEMPT PURPOSES OF 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 INVOLVED IN PROJECTS TO DEVELOP COMMERCIAL PROPERTIES IN DEPRESSED NEIGHBORHOODS TO REVITALIZE THE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Mather Cio & VP | OfficerTrustee | 1 | $0 |
Delphine Sherman CFO & Evp | OfficerTrustee | 1 | $0 |
Cynthia Parker President & CEO (outgoing) | OfficerTrustee | 1 | $0 |
Susan Johnson Secty, VP & CEO | OfficerTrustee | 1 | $0 |
Rebecca Hlebasko Asst Secty & VP | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keystone Development Group Llc Consulting | 12/30/14 | $181,943 |
Joseph Forbes Mccarthy Development Project Management | 12/30/14 | $197,775 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $317,024 |
| Investment income | $479 |
| 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 | $332,053 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,315 |
| Payroll taxes | $758 |
| Fees for services: Management | $1,881 |
| Fees for services: Legal | $1,592 |
| Fees for services: Accounting | $20,135 |
| 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 | $2,866 |
| Information technology | $525 |
| Royalties | $0 |
| Occupancy | $477,443 |
| Travel | $0 |
| 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 | $309,555 |
| Insurance | $0 |
| All other expenses | $3,966 |
| Total functional expenses | $922,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $710,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $493,833 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,300,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $98,539 |
| Net Land, buildings, and equipment | $11,800,061 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,791,644 |
| Intangible assets | $114,801 |
| Other assets | $260,115 |
| Total assets | $17,569,356 |
| Accounts payable and accrued expenses | $154,732 |
| Grants payable | $0 |
| Deferred revenue | $275,926 |
| 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 | $3,458,708 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,915,785 |
| Total liabilities | $7,805,151 |
| Net assets without donor restrictions | $9,764,205 |
| 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 | $17,569,356 |
Grants Awarded
Over the last fiscal year, Bridge Economic Development Corporation has awarded $1,800,653 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: AFFILIATE CONTRIBUTION | $1,780,407 |
San Francisco, CA PURPOSE: AFFILIATE CONTRIBUTION | $20,246 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bridge Economic Development Corporation has recieved totaling $782,908.
| Awarding Organization | Amount |
|---|---|
Bridge Housing Corporation San Francisco, CA PURPOSE: TO SUPPORT PROJECT DEVELOPMENTS OF THE AFFILIATED ORGANIZATION | $782,908 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Diego Convention And Tourist Bureau San Diego, CA | $10,248,135 | $28,266,235 |
Cdc Small Business Finance Corp San Diego, CA | $123,395,668 | $31,738,512 |
Mission Economic Development Agency San Francisco, CA | $193,556,070 | $20,206,962 |
San Francisco Travel Association San Francisco, CA | $17,687,275 | $15,738,684 |
Citadel Economic Development Corporation San Bernardino, CA | $7,215,242 | $16,438,545 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Maui Economic Development Board Inc Medb Kihei, HI | $10,649,362 | $7,742,311 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |