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Bridges Community Development Corporation

Tax-deductible

Baltimore, MD501(c)(3)Youth DevelopmentEIN 81-4077069Revenue $857K in FY2024

On file with the IRSbridgescdc.com3043 W Belvedere Ave, 21215-5105 · Baltimore, MDTax-exempt since Oct 2016Publicly supported — 509(a)(2)

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Distributed boxes of fresh produce and dry goods. Families were served thru food pantry. Acquired 4 vacant properties for renovation.

501(c)(3) charity; gifts are tax-deductible.
96¢ 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
3 of 3
filings with a surplus
Average surplus $740K a year · 72% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $104K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$161K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$857K
+58% vs prior year
Spent
$424K
To programs
96%
Net assets
$1.8M
By yearFY2021–FY2024
Revenue
$857K
FY2024▲ +58%
Tap a bar for its year
Revenue by fiscal year
FY2021$79K
FY2022$1.7M
FY2023$542K
FY2024$857K
Expenses
$424K
FY2024▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$95K
FY2023$350K
FY2024$424K
Net assets
$1.8M
FY2024▲ +36%
Tap a bar for its year
Net assets by fiscal year
FY2021$54K
FY2022$1.6M
FY2023$1.3M
FY2024$1.8M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2016.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $408K Management & general 4% · $16K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
David Gaines
Chair of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bridges Community Development Corporation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes food and renovates properties to serve families in need.

Provided by the organization

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2 programs · $408K · in their own filed words · FY2024
01

Community outreach programs to include distribution of fresh produce and dry goods. 9,750 families were served thru food pantry. Including residents of 6 senior centers. Approximately 75,000 pounds of food was distributed through the pantry.

$269Kprogram expense
02

Belvedere place community development

$139Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Park Heights Renaissance INCFY2024$98K
Lifebridge Health INCFY2024$6K
Total grants receivedfrom 2 funders$104K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$857K
Ln 12
Gifts and grantsLn 1h$826K
Investment incomeLn 3$31K
Money outPt IX
$424K
Ln 25
Programscol B$408K
Managementcol C$16K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$513K
Total assetsLn 16$1.9M
LiabilitiesLn 26$161K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$826K
Government grantsLn 1e$560K
Noncash giftsLn 1g$262K
Investment incomeLn 3$31K
Gains on assetsLn 7$31K
Total revenueLn 12$857K
Assets in detailPt X, end of year
CashLn 1$513K
Cash and savings togetherLn 1–2$513K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$1.9M
LiabilitiesLn 26$161K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$222K$513K
Land, buildings, equipmentLn 10c$1.5M$1.4M
Total assetsLn 16$1.7M$1.9M
LiabilitiesLn 26$403K$161K
Net assetsLn 32$1.3M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$23K$23K
Payroll taxesLn 10$903$903
Advertising and promotionLn 12$148$148
Office expensesLn 13$7K$7K
Information technologyLn 14$1K$1K
Depreciation, depletion and amortizationLn 22$51K$51K
InsuranceLn 23$35K$35K
Other expenses (24a–d)Ln 24$270K$268K$2K
All other expensesLn 24e$36K$23K$13K
Total functional expensesLn 25$424K$408K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $857K$424K$433K$1.8M 990 PDF
FY2023 $542K$350K$192K$1.3M 990 PDF
FY2022 $1.7M$95K$1.6M$1.6M 990 PDF
FY2021 $79K$54K 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 (6 parts)
Part I · Summary $856,959 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $570,214$826,351
I-9 Program service revenue$0
I-10 Investment income$30,608
I-11 Other revenue$0
I-12 Total revenuePrior year $570,214$856,959
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $31,790$23,657
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $355,334$400,155
I-18 Total expensesPrior year $387,124$423,812
I-19 Revenue less expensesPrior year $183,090$433,147
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $856,959 across 7 lines filed
VIII-1e Government grants$560,000
VIII-1f All other contributions, gifts and grants$266,351
VIII-1g Noncash contributions (included above)$262,500
VIII-1h Total contributions, gifts and grants$826,351
VIII-7 Net gain or loss on sales of assetsRelated to mission $30,608$30,608
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $30,608 · Unrelated business $0 · Excluded from tax $0$856,959
Part IX · Statement of functional expenses $423,812 across 9 lines filed
IX-7 Other salaries and wagesPrograms $22,754$22,754
IX-10 Payroll taxesPrograms $903$903
IX-12 Advertising and promotionManagement $148$148
IX-13 Office expensesPrograms $6,900$6,900
IX-14 Information technologyManagement $1,192$1,192
IX-22 Depreciation, depletion and amortizationPrograms $51,038$51,038
IX-23 InsurancePrograms $34,594$34,594
IX-24 Other expenses (24a–d)Programs $268,500 · Management $1,683$270,183
IX-24e All other expensesPrograms $23,076 · Management $13,024$36,100
IX-25 Total functional expensesPrograms $407,765 · Management $16,047 · Fundraising $0$423,812
Part X · Balance sheet $1,933,789 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $222,024$512,672
X-10c Land, buildings and equipment, netStart of year $1,472,155$1,421,117
X-16 Total assetsStart of year $1,694,179$1,933,789
X-26 Total liabilitiesStart of year $403,448$160,904
X-32 Total net assets or fund balancesStart of year $1,290,731$1,772,885
X-33 Total liabilities and net assetsStart of year $1,694,179$1,933,789
Part XI · Reconciliation of net assets $1,772,885 net assets at year end
XI-1 Total revenue$856,959
XI-2 Total expenses$423,812
XI-3 Revenue less expenses$433,147
XI-4 Net assets at start of year$1,290,731
XI-8 Prior period adjustments$49,007
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,772,885

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

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