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Bridgeport Estates INC FY2020 filing

Tax-deductible

Springtown, TX501(c)(3)HousingEIN 34-1978097Revenue $16K in FY2020

On file with the IRS101 Swan CT, 76082-2241 · Springtown, TXTax-exempt since Aug 2004Publicly supported charity — 170(b)(1)(A)(vi)

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To provide low income housing to residents of wise county, texas.

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
2 of 5
filings with a surplus
Average deficit $7K a year · 15% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
133 mo
of spending, in cash
Looks good: 133.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16K
Spent
$13K
To programs
54%
Net assets
$568K
By yearFY2020–FY2024
Revenue
$16K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$16K
FY2021$21K
FY2022$62K
FY2023$61K
FY2024$63K
Expenses
$13K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$13K
FY2021$13K
FY2022$64K
FY2023$79K
FY2024$90K
Net assets
$568K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$568K
FY2021$577K
FY2022$574K
FY2023$557K
FY2024$530K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2004.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $7K Management & general 46% · $6K

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

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Velma Jean Ford
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Genell Gray
Director
$0Pt VII · Sec A
Candy Harris
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael G Swan
Executive Director
$0Pt VII · Sec A
See Bridgeport Estates 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

Builds affordable homes for low-income families in Wise County, Texas.

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Provided by the organization

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1 program · $7K · in their own filed words · FY2020
01

To provide housing to residents who meet low income housing criteria in wise county, texas.

$7Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$16K
Ln 12
Other incomeLn 4–11$16K
Investment incomeLn 3$165
Money outPt IX
$13K
Ln 25
Programscol B$7K
Managementcol C$6K
Owns and owesPt X
$568K
net assets · Ln 32
Cash and savingsLn 1–2$140K
Total assetsLn 16$580K
LiabilitiesLn 26$12K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$165
Other incomeLn 4–11$16K
Total revenueLn 12$16K
Assets in detailPt X, end of year
CashLn 1$26K
SavingsLn 2$114K
Cash and savings togetherLn 1–2$140K
Land, buildings, equipmentLn 10c$436K
Total assetsLn 16$580K
LiabilitiesLn 26$12K
Net assetsLn 32$568K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$130K$140K
Land, buildings, equipmentLn 10c$441K$436K
Total assetsLn 16$575K$580K
LiabilitiesLn 26$10K$12K
Net assetsLn 32$564K$568K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$5K$5K
Payroll taxesLn 10$363$363
Accounting feesLn 11c$6K$6K
Office expensesLn 13$2K$2K
Other expenses (24a–d)Ln 24$34$34
Total functional expensesLn 25$13K$7K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $63K$90K−$27K$530K 990 PDF
FY2023 $61K$79K−$17K$557K 990 PDF
FY2022 $62K$64K−$2K$574K 990 PDF
FY2021 $21K$13K$9K$577K 990 PDF
FY2020 Viewing $16K$13K$4K$568K 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 FY2020 990 (6 parts)
Part I · Summary $16,423 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $172$165
I-11 Other revenuePrior year $20,696$16,258
I-12 Total revenuePrior year $20,868$16,423
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,409$5,108
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,720$7,464
I-18 Total expensesPrior year $16,129$12,572
I-19 Revenue less expensesPrior year $4,739$3,851
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $16,423 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $165$165
VIII-6 Net rental income or lossRelated to mission $16,258$16,258
VIII-12 Total revenueRelated to mission $16,258 · Unrelated business $0 · Excluded from tax $165$16,423
Part IX · Statement of functional expenses $12,572 across 5 lines filed
IX-7 Other salaries and wagesPrograms $4,745$4,745
IX-10 Payroll taxesPrograms $363$363
IX-11c Accounting feesManagement $5,750$5,750
IX-13 Office expensesPrograms $1,680$1,680
IX-24 Other expenses (24a–d)Programs $34$34
IX-25 Total functional expensesPrograms $6,822 · Management $5,750 · Fundraising $0$12,572
Part X · Balance sheet $580,100 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $22,293$25,663
X-2 Savings and temporary cash investmentsStart of year $107,556$113,837
X-9 Prepaid expenses and deferred chargesStart of year $3,647$4,766
X-10c Land, buildings and equipment, netStart of year $441,156$435,834
X-16 Total assetsStart of year $574,652$580,100
X-17 Accounts payable and accrued expensesStart of year $7,358$8,855
X-25 Other liabilitiesStart of year $3,115$3,215
X-26 Total liabilitiesStart of year $10,473$12,070
X-27 Net assets without donor restrictionsStart of year $564,179$568,030
X-32 Total net assets or fund balancesStart of year $564,179$568,030
X-33 Total liabilities and net assetsStart of year $574,652$580,100
Part XI · Reconciliation of net assets $568,030 net assets at year end
XI-1 Total revenue$16,423
XI-2 Total expenses$12,572
XI-3 Revenue less expenses$3,851
XI-4 Net assets at start of year$564,179
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$568,030

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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