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Bridgeway Development Corporation FY2022 filing

Not tax-deductible

Pittsburgh, PAMutual-benefit / member-servingCommunity Development EIN 80-0842724Revenue $795K in FY2022Latest return filed Mar 7, 2026

On file with the IRSbridgewaycapital.orgPittsburgh, PATax-exempt since Feb 2016

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The mission of Bridgeway Development Corporation is to own, operate and develop commercial rental real estate for small businesses, to supply healthy foods, to provide low-income housing, to support nonprofit service providers, to create jobs, and to help revitalize low-income communities.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 80-0842724) · Dispute this line
Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $515K a year · 64% of revenue · last 6 filings
A surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
4.1 mo
of spending, in cash
4.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
11% of total assets
Liabilities are 11% of assets.
Pt X · Ln 26
Independent board members
2
of 3 voting members
2 of 3 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$795K
-2% vs prior year
Spent
$1.6M
Net assets
$11.0M
By yearFY2020–FY2025
Revenue
$795K
FY2022▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$718K
FY2021$811K
FY2022$795K
FY2023$705K
FY2024$744K
FY2025$1.1M
Expenses
$1.6M
FY2022▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.6M
FY2023$1.3M
FY2024$1.3M
FY2025$1.5M
Net assets
$11.0M
FY2022▲ +116%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.5M
FY2021$5.1M
FY2022$11.0M
FY2023$10.4M
FY2024$10.1M
FY2025$11.9M

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2016.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Scott Langill
Treasurer
$0Pt VII · Sec A
See Bridgeway Development Corporation executive salaries →

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 15aYes

Programs and updates

Develops and operates real estate to provide housing, healthy food, jobs, and support for small businesses and nonprofits.

Questions for Bridgeway Development Corporation

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1 program · in their own filed words · FY2021
01

Bridgeway development corporation owned and operated a commercial real estate property in pittsburgh, pa as a space for small businesses and nonprofit companies in a low-income community.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 80-0842724) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$795K
Ln 12
Fees for servicesLn 2g$795K
Investment incomeLn 3$255
Money outPt IX
$1.6M
Ln 25
Owns and owesPt X
$11.0M
net assets · Ln 32
Cash and savingsLn 1–2$548K
Total assetsLn 16$12.4M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$795K
Investment incomeLn 3$255
Total revenueLn 12$795K
Assets in detailPt X, end of year
CashLn 1$69K
SavingsLn 2$479K
Cash and savings togetherLn 1–2$548K
Accounts receivableLn 4$11K
Prepaid expenses and deferred chargesLn 9$93K
Land, buildings, equipmentLn 10c$11.7M
Total assetsLn 16$12.4M
LiabilitiesLn 26$1.4M
Net assetsLn 32$11.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderSeptember
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 FY22End FY22
Cash and savingsLn 1–2$1.9M$548K
Land, buildings, equipmentLn 10c$11.4M$11.7M
Total assetsLn 16$13.5M$12.4M
LiabilitiesLn 26$8.4M$1.4M
Net assetsLn 32$5.1M$11.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$123K
Legal feesLn 11b$28K
Accounting feesLn 11c$3K
Other fees for servicesLn 11g$84K
Office expensesLn 13$11K
TravelLn 17$232
InterestLn 20$319K
Depreciation, depletion and amortizationLn 22$685K
InsuranceLn 23$25K
Other expenses (24a–d)Ln 24$310K
All other expensesLn 24e$755
Total functional expensesLn 25$1.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 7, 2026 $1.1M$1.5M−$446K$11.9M 990 PDF
FY2024Filed with the IRS Feb 26, 2025 $744K$1.3M−$515K$10.1M 990 PDF
FY2023Filed with the IRS Feb 14, 2024 $705K$1.3M−$579K$10.4M 990 PDF
FY2022 ViewingFiled with the IRS Feb 15, 2023 $795K$1.6M−$793K$11.0M 990 PDF
FY2021Filed with the IRS Feb 15, 2022 $811K$1.2M−$377K$5.1M 990 PDF
FY2020Filed with the IRS Feb 16, 2021 $718K$1.1M−$380K$2.5M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $795,090 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $810,820$794,835
I-10 Investment incomePrior year $40$255
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $810,860$795,090
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,187,671$1,587,765
I-18 Total expensesPrior year $1,187,671$1,587,765
I-19 Revenue less expensesPrior year −$376,811−$792,675
Part VI · Governance 2 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $795,090 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $794,835$794,835
VIII-3 Investment incomeExcluded from tax $255$255
VIII-12 Total revenueRelated to mission $794,835 · Unrelated business $0 · Excluded from tax $255$795,090
Part IX · Statement of functional expenses $1,587,765 across 11 lines filed
IX-11a Management fees$122,736
IX-11b Legal fees$27,975
IX-11c Accounting fees$3,050
IX-11g Other fees for services$84,109
IX-13 Office expenses$10,744
IX-17 Travel$232
IX-20 Interest$318,930
IX-22 Depreciation, depletion and amortization$684,559
IX-23 Insurance$25,143
IX-24 Other expenses (24a–d)$309,532
IX-24e All other expenses$755
IX-25 Total functional expenses$1,587,765
Part X · Balance sheet $12,400,334 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,790,148$69,244
X-2 Savings and temporary cash investmentsStart of year $158,732$479,154
X-4 Accounts receivableStart of year $12,845$11,056
X-9 Prepaid expenses and deferred chargesStart of year $131,845$93,276
X-10c Land, buildings and equipment, netStart of year $11,412,460$11,747,604
X-16 Total assetsStart of year $13,506,030$12,400,334
X-17 Accounts payable and accrued expensesStart of year $1,418,786$974,519
X-19 Deferred revenueStart of year $24,249$20,799
X-23 Secured mortgages and notes payableStart of year $6,485,630$0
X-25 Other liabilitiesStart of year $497,762$418,088
X-26 Total liabilitiesStart of year $8,426,427$1,413,406
X-27 Net assets without donor restrictionsStart of year $5,079,603$10,986,928
X-32 Total net assets or fund balancesStart of year $5,079,603$10,986,928
X-33 Total liabilities and net assetsStart of year $13,506,030$12,400,334
Part XI · Reconciliation of net assets $10,986,928 net assets at year end
XI-1 Total revenue$795,090
XI-2 Total expenses$1,587,765
XI-3 Revenue less expenses−$792,675
XI-4 Net assets at start of year$5,079,603
XI-9 Other changes in net assets$6,700,000
XI-10 Net assets at end of year$10,986,928

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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