Bridge Northwest Development INC FY2023 filing

Tax-deductible

San Francisco, CA501(c)(3)HousingEIN 46-2490091

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.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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 $2.2M a year · 52% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$41.0M
90% of total assets
Concern: liabilities are 90% 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
$3.6M
-13% vs prior year
Spent
$6.5M
To programs
100%
Net assets
$4.5M
By yearFY2020–FY2024
Revenue
$3.6M
FY2023▼ -13%
Revenue by fiscal year
FY2020$4.2M
FY2021$3.4M
FY2022$4.2M
FY2023$3.6M
FY2024$5.5M
Expenses
$6.5M
FY2023▲ +88%
Expenses by fiscal year
FY2020$8.4M
FY2021$3.7M
FY2022$3.5M
FY2023$6.5M
FY2024$9.7M
Net assets
$4.5M
FY2023▼ -39%
Net assets by fiscal year
FY2020$11.6M
FY2021$11.2M
FY2022$7.4M
FY2023$4.5M
FY2024$329K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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 Sep 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $6.5M Management & general 0% · $10K

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
Vice President/Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President/CFO
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President (outgoing)
$0Pt VII · Sec A
Vice President (outgoing)
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Bridge Northwest Development INC executive salaries →

Are you one of these people? Claim this org to confirm your role

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 Bridge Northwest Development INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $6.5M of program spending, described in the organization's own filed words · FY2023.
01

The organization is a general partner in a partnership owning and operating an affordable housing project for low-income persons.

$6.5Mprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$19K
Grants paid · 5 grants · $3.2M · 2020–2024
Bridge Housing CorporationCA · FY2024$572,327
Bridge Housing CorporationCA · FY2023$819,006
Bridge Housing CorporationCA · FY2022$171,828
Bridge Housing CorporationCA · FY2021$171,045
Bridge Housing CorporationCA · FY2020$1,440,820

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$1.2M
Gifts and grantsLn 1h$430K
Money outPt IX
$6.5M
Ln 25
Programscol B$6.5M
Managementcol C$10K
Owns and owesPt X
$4.5M
net assets · Ln 32
Cash and savingsLn 1–2$106K
Total assetsLn 16$45.5M
LiabilitiesLn 26$41.0M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$430K
Government grantsLn 1e$415K
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$1.2M
Other incomeLn 4–11$74K
Gains on assetsLn 7$200K
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$106K
Cash and savings togetherLn 1–2$106K
Land, buildings, equipmentLn 10c$19.1M
Other assetsLn 15$292K
Total assetsLn 16$45.5M
LiabilitiesLn 26$41.0M
Net assetsLn 32$4.5M
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 FY23End FY23
Cash and savingsLn 1–2$132K$106K
Land, buildings, equipmentLn 10c$19.7M$19.1M
Total assetsLn 16$45.8M$45.5M
LiabilitiesLn 26$38.4M$41.0M
Net assetsLn 32$7.4M$4.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$819K$819K
Management feesLn 11a$112K$112K
Legal feesLn 11b$19K$19K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$328K$328K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$22K$22K
Information technologyLn 14$24K$24K
OccupancyLn 16$2.1M$2.1M
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$193K$193K
Depreciation, depletion and amortizationLn 22$604K$604K
Other expenses (24a–d)Ln 24$2.2M$2.2M
All other expensesLn 24e$49K$49K
Total functional expensesLn 25$6.5M$6.5M$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.5M$9.7M−$4.2M$329K 990 PDF
FY2023 Viewing $3.6M$6.5M−$2.9M$4.5M 990 PDF
FY2022 $4.2M$3.5M$698K$7.4M 990 PDF
FY2021 $3.4M$3.7M−$328K$11.2M 990 PDF
FY2020 $4.2M$8.4M−$4.2M$11.6M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $3,630,630 across 8 lines filed
Lines not itemized here account for $30,740 of total revenue; see the IRS return.
VIII-1d Related organizations$14,640
VIII-1e Government grants$415,366
VIII-1h Total contributions, gifts and grants$430,006
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,911,135$1,911,135
VIII-3 Investment incomeExcluded from tax $1,015,771$1,015,771
VIII-7 Net gain or loss on sales of assetsExcluded from tax $199,674$199,674
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $43,304$43,304
VIII-12 Total revenueRelated to mission $1,985,179 · Unrelated business $0 · Excluded from tax $1,215,445$3,630,630
Part IX · Statement of functional expenses $6,503,383 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $819,006$819,006
IX-11a Management feesPrograms $112,298$112,298
IX-11b Legal feesPrograms $19,498$19,498
IX-11c Accounting feesManagement $9,695$9,695
IX-11g Other fees for servicesPrograms $328,076$328,076
IX-12 Advertising and promotionPrograms $3,838$3,838
IX-13 Office expensesPrograms $22,343$22,343
IX-14 Information technologyPrograms $23,761$23,761
IX-16 OccupancyPrograms $2,082,783$2,082,783
IX-19 Conferences, conventions and meetingsPrograms $1,201$1,201
IX-20 InterestPrograms $192,828$192,828
IX-22 Depreciation, depletion and amortizationPrograms $603,571$603,571
IX-24 Other expenses (24a–d)Programs $2,235,086$2,235,086
IX-24e All other expensesPrograms $49,399$49,399
IX-25 Total functional expensesPrograms $6,493,688 · Management $9,695 · Fundraising $0$6,503,383
Part X · Balance sheet $45,530,588 assets, 14 lines filed
Asset lines not itemized here account for $24,726,567; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $132,262$105,507
X-4 Accounts receivableStart of year $503,786$482,244
X-9 Prepaid expenses and deferred chargesStart of year $29,870$5,963
X-10c Land, buildings and equipment, netStart of year $19,749,939$19,146,042
X-14 Intangible assetsStart of year $772,574$772,574
X-15 Other assetsStart of year $367,796$291,691
X-16 Total assetsStart of year $45,828,576$45,530,588
X-17 Accounts payable and accrued expensesStart of year $175,038$148,826
X-19 Deferred revenueStart of year $75,217$31,083
X-25 Other liabilitiesStart of year $14,939,472$17,442,312
X-26 Total liabilitiesStart of year $38,431,419$41,006,184
X-27 Net assets without donor restrictionsStart of year $7,397,157$4,524,404
X-32 Total net assets or fund balancesStart of year $7,397,157$4,524,404
X-33 Total liabilities and net assetsStart of year $45,828,576$45,530,588
Part XI · Reconciliation of net assets $4,524,404 net assets at year end
XI-1 Total revenue$3,630,630
XI-2 Total expenses$6,503,383
XI-3 Revenue less expenses−$2,872,753
XI-4 Net assets at start of year$7,397,157
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,524,404

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.