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Blp Partnership INC

Tax-deductible

San Francisco, CA501(c)(3)Since 2001HousingEIN 31-1811761

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.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $925K a year · 12% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$19.7M
148% of total assets
Concern: liabilities are 148% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.6M
+4% vs prior year
Spent
$9.6M
To programs
94%
Net assets
−$6.4M
By yearFY2020–FY2024
Revenue
$8.6M
FY2024▲ +4%
Revenue by fiscal year
FY2020$7.7M
FY2021$6.5M
FY2022$7.6M
FY2023$8.3M
FY2024$8.6M
Expenses
$9.6M
FY2024▼ -1%
Expenses by fiscal year
FY2020$7.6M
FY2021$7.4M
FY2022$9.0M
FY2023$9.7M
FY2024$9.6M
Net assets
−$6.4M
FY2024▼ -18%
Net assets by fiscal year
FY2020−$1.7M
FY2021−$2.7M
FY2022−$4.0M
FY2023−$5.4M
FY2024−$6.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $9.1M Management & general 6% · $552K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Kenneth Lombard
President/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Rebecca Hlebasko
Vice President & Secretary
$0Pt VII · Sec A
James Mather
Vice President/Director
$0Pt VII · Sec A
Sierra Atilano
Vice President/Director
$0Pt VII · Sec A
Smitha Seshadri
Vice President
$0Pt VII · Sec A
Brad Wiblin
Former Vice President
$0Pt VII · Sec A
See Blp Partnership INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops, owns, and manages affordable homes for working families and seniors.

Provided by the organization

This section is blank until Blp Partnership INC claims this page.

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1 program service account for $9.1M of program spending, described in the organization's own filed words · FY2024.
01

The organization operates a low-income senior assisted living facility.

$9.1Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $122K · 2020–2020
Bridge Housing CorporationCA · FY2020$121,952

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$8.6M
Ln 12
Fees for servicesLn 2g$8.5M
Investment incomeLn 3$97K
Other incomeLn 4–11$63K
Money outPt IX
$9.6M
Ln 25
Programscol B$9.1M
Managementcol C$552K
Owns and owesPt X
−$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$243K
Total assetsLn 16$13.3M
LiabilitiesLn 26$19.7M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$8.5M
Investment incomeLn 3$97K
Other incomeLn 4–11$63K
Total revenueLn 12$8.6M
Assets in detailPt X, end of year
CashLn 1$243K
Cash and savings togetherLn 1–2$243K
Land, buildings, equipmentLn 10c$10.4M
Other assetsLn 15$2.6M
Total assetsLn 16$13.3M
LiabilitiesLn 26$19.7M
Net assetsLn 32−$6.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$124K$243K
Land, buildings, equipmentLn 10c$10.8M$10.4M
Total assetsLn 16$14.8M$13.3M
LiabilitiesLn 26$20.2M$19.7M
Net assetsLn 32−$5.4M−$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$552K$552K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$5.4M$5.4M
Advertising and promotionLn 12$56K$56K
Office expensesLn 13$171K$171K
OccupancyLn 16$2.7M$2.7M
Conferences, conventions and meetingsLn 19$92K$92K
Depreciation, depletion and amortizationLn 22$517K$517K
Other expenses (24a–d)Ln 24$48K$48K
Total functional expensesLn 25$9.6M$9.1M$552K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $8.6M$9.6M−$969K−$6.4M 990 PDF
FY2023 $8.3M$9.7M−$1.4M−$5.4M 990 PDF
FY2022 $7.6M$9.0M−$1.3M−$4.0M 990 PDF
FY2021 $6.5M$7.4M−$949K−$2.7M 990 PDF
FY2020 $7.7M$7.6M$48K−$1.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $8,642,135 across 3 lines filed
Lines not itemized here account for $63,382 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,481,634$8,481,634
VIII-3 Investment incomeExcluded from tax $97,119$97,119
VIII-12 Total revenueRelated to mission $8,545,016 · Unrelated business $0 · Excluded from tax $97,119$8,642,135
Part IX · Statement of functional expenses $9,611,108 across 9 lines filed
IX-11a Management feesManagement $552,062$552,062
IX-11c Accounting feesPrograms $9,150$9,150
IX-11g Other fees for servicesPrograms $5,439,517$5,439,517
IX-12 Advertising and promotionPrograms $56,136$56,136
IX-13 Office expensesPrograms $171,009$171,009
IX-16 OccupancyPrograms $2,725,979$2,725,979
IX-19 Conferences, conventions and meetingsPrograms $92,403$92,403
IX-22 Depreciation, depletion and amortizationPrograms $517,323$517,323
IX-24 Other expenses (24a–d)Programs $47,529$47,529
IX-25 Total functional expensesPrograms $9,059,046 · Management $552,062 · Fundraising $0$9,611,108
Part X · Balance sheet $13,289,328 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $123,602$242,729
X-4 Accounts receivableStart of year $117,773$55,676
X-9 Prepaid expenses and deferred chargesStart of year $23,844$31,104
X-10c Land, buildings and equipment, netStart of year $10,833,321$10,387,612
X-15 Other assetsStart of year $3,654,769$2,572,207
X-16 Total assetsStart of year $14,753,309$13,289,328
X-17 Accounts payable and accrued expensesStart of year $3,244,677$755,825
X-19 Deferred revenueStart of year $50,751$17,492
X-25 Other liabilitiesStart of year $119,133$159,977
X-26 Total liabilitiesStart of year $20,170,426$19,676,726
X-27 Net assets without donor restrictionsStart of year −$5,417,117−$6,387,398
X-32 Total net assets or fund balancesStart of year −$5,417,117−$6,387,398
X-33 Total liabilities and net assetsStart of year $14,753,309$13,289,328
Part XI · Reconciliation of net assets −$6,387,398 net assets at year end
XI-1 Total revenue$8,642,135
XI-2 Total expenses$9,611,108
XI-3 Revenue less expenses−$968,973
XI-4 Net assets at start of year−$5,417,117
XI-5 Net unrealized gains (losses) on investments−$1,308
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$6,387,398

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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