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Bridge Community Impact FY2022 filing

Tax-deductible

San Francisco, CA501(c)(3)Housing EIN 81-4175818Revenue $2.7M in FY2022

On file with the IRS350 California Street 16th Floor, 94104-1402 · San Francisco, CATax-exempt since Jul 2017Publicly supported charity — 170(b)(1)(A)(vi)

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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.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 5
filings with a surplus
Average surplus $122K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Plus $1.9M in investments, Pt X · Ln 11–13
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $2.7M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.1M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
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
$2.7M
-40% vs prior year
Spent
$3.6M
To programs
99%
Net assets
$4.3M
By yearFY2020–FY2024
Revenue
$2.7M
FY2022▼ -40%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.2M
FY2021$4.6M
FY2022$2.7M
FY2023$2.9M
FY2024$2.7M
Expenses
$3.6M
FY2022▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.7M
FY2021$3.5M
FY2022$3.6M
FY2023$3.0M
FY2024$2.6M
Net assets
$4.3M
FY2022▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.4M
FY2021$5.5M
FY2022$4.3M
FY2023$4.5M
FY2024$4.8M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 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 Jul 2017.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $3.5M Management & general 1% · $43K

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
Kimberly McKay
EVP of Development (outgoing)
$0Pt VII · Sec A
Kenneth Lombard
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Rebecca Hlebasko
SVP General Counsel
$0Pt VII · Sec A
James Mather
EVP & CIO
$0Pt VII · Sec A
Susan Johnson
EVP (outgoing)
$0Pt VII · Sec A
Sierra Atilano
EVP of Development
$0Pt VII · Sec A
See Bridge Community Impact 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.

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Provided by the organization

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1 program · $3.5M · in their own filed words · FY2022
01

The organization was formed to fund and provide services to support programs that assist the low- and moderate-income, elderly, and disabled households who reside in bridge-related housing developments, and to lessen the burden of local government, combat community deterioration and lessen neighborhood tensions in communities associated…

$3.5Mprogram expense

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 · FY2024
Bridge Housing CorporationFY2024$2.6M
Bridge Regional Partners INCFY2024$138K
Bridge Support CorporationFY2024$11K
Total grants receivedfrom 3 funders$2.7M
See all 3 funders →
Grants paid · 20 grants · $3.1M · 2020–2024
Unitemized GrantFY2024$347,628
Unitemized GrantFY2024$115,057
Bridge Regional Partners INCCA · FY2024$48,367
Bridge Housing CorporationCA · FY2024$15,386
Unitemized GrantFY2023$348,906
Bridge Housing CorporationCA · FY2023$298,976
Unitemized GrantFY2023$119,434
City of San MateoFY2023$76,926
Unitemized GrantFY2022$286,777
Unitemized GrantFY2022$94,519
Unitemized GrantFY2021$233,036
Bridge Housing CorporationCA · FY2021$49,682
Unitemized GrantFY2021$41,342
Riverplace Parcel 3 LLCFY2020$309,999
Bridge Housing CorporationCA · FY2020$236,402
YMCACA · FY2020$200,000
Unitemized GrantFY2020$192,700
Unitemized GrantFY2020$52,200
See all 20 grants →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.7M
Investment incomeLn 3$7K
Money outPt IX
$3.6M
Ln 25
Programscol B$3.5M
Managementcol C$43K
Owns and owesPt X
$4.3M
net assets · Ln 32
Cash and savingsLn 1–2$586K
Total assetsLn 16$7.4M
LiabilitiesLn 26$3.1M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Investment incomeLn 3$7K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$586K
Cash and savings togetherLn 1–2$586K
InvestmentsLn 11–13$1.9M
Other assetsLn 15$2.0M
Total assetsLn 16$7.4M
LiabilitiesLn 26$3.1M
Net assetsLn 32$4.3M
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 FY22End FY22
Cash and savingsLn 1–2$334K$586K
InvestmentsLn 11–13$2.4M$1.9M
Total assetsLn 16$8.3M$7.4M
LiabilitiesLn 26$2.8M$3.1M
Net assetsLn 32$5.5M$4.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$381K$381K
Other salaries and wagesLn 7$1.1M$1.0M$32K
Pension plan contributionsLn 8$55K$54K$2K
Other employee benefitsLn 9$133K$129K$4K
Payroll taxesLn 10$77K$74K$2K
Legal feesLn 11b$988$988
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$128K$128K
Advertising and promotionLn 12$26$26
Office expensesLn 13$33K$33K
Information technologyLn 14$3K$3K
OccupancyLn 16$106K$103K$3K
TravelLn 17$11K$11K
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$41K$41K
Depreciation, depletion and amortizationLn 22$69K$69K
Other expenses (24a–d)Ln 24$1.5M$1.5M
Total functional expensesLn 25$3.6M$3.5M$43K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.7M$2.6M$29K$4.8M 990 PDF
FY2023 $2.9M$3.0M−$105K$4.5M 990 PDF
FY2022 Viewing $2.7M$3.6M−$836K$4.3M 990 PDF
FY2021 $4.6M$3.5M$1.1M$5.5M 990 PDF
FY2020 $4.2M$3.7M$455K$4.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $2,743,356 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,162,730$2,736,427
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $192,175$6,929
I-11 Other revenuePrior year $224,324$0
I-12 Total revenuePrior year $4,579,229$2,743,356
I-13 Grants and similar amounts paidPrior year $324,060$381,296
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,338,316$1,339,878
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,850,636$1,858,012
I-18 Total expensesPrior year $3,513,012$3,579,186
I-19 Revenue less expensesPrior year $1,066,217−$835,830
Part VI · Governance 0 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
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-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,743,356 across 4 lines filed
VIII-1d Related organizations$2,736,427
VIII-1h Total contributions, gifts and grants$2,736,427
VIII-3 Investment incomeExcluded from tax $6,929$6,929
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,929$2,743,356
Part IX · Statement of functional expenses $3,579,186 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $381,296$381,296
IX-7 Other salaries and wagesPrograms $1,042,769 · Management $32,251$1,075,020
IX-8 Pension plan contributionsPrograms $53,602 · Management $1,658$55,260
IX-9 Other employee benefitsPrograms $128,876 · Management $3,985$132,861
IX-10 Payroll taxesPrograms $74,435 · Management $2,302$76,737
IX-11b Legal feesPrograms $988$988
IX-11c Accounting feesPrograms $9,650$9,650
IX-11g Other fees for servicesPrograms $127,560$127,560
IX-12 Advertising and promotionPrograms $26$26
IX-13 Office expensesPrograms $33,294$33,294
IX-14 Information technologyPrograms $2,607$2,607
IX-16 OccupancyPrograms $103,151 · Management $3,231$106,382
IX-17 TravelPrograms $10,657$10,657
IX-19 Conferences, conventions and meetingsPrograms $5,082$5,082
IX-20 InterestPrograms $40,556$40,556
IX-22 Depreciation, depletion and amortizationPrograms $69,244$69,244
IX-24 Other expenses (24a–d)Programs $1,451,966$1,451,966
IX-25 Total functional expensesPrograms $3,535,759 · Management $43,427 · Fundraising $0$3,579,186
Part X · Balance sheet $7,356,793 assets, 13 lines filed
Asset lines not itemized here account for $1,390,118; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $333,555$585,808
X-3 Pledges and grants receivableStart of year $1,393,629$1,373,294
X-12 Other securitiesStart of year $2,381,617$1,928,165
X-14 Intangible assetsStart of year $121,738$55,614
X-15 Other assetsStart of year $2,792,905$2,023,794
X-16 Total assetsStart of year $8,316,284$7,356,793
X-17 Accounts payable and accrued expensesStart of year $272,427$356,433
X-25 Other liabilitiesStart of year $2,557,746$2,702,700
X-26 Total liabilitiesStart of year $2,830,173$3,059,133
X-27 Net assets without donor restrictionsStart of year −$625,599−$177,382
X-28 Net assets with donor restrictionsStart of year $6,111,710$4,475,042
X-32 Total net assets or fund balancesStart of year $5,486,111$4,297,660
X-33 Total liabilities and net assetsStart of year $8,316,284$7,356,793
Part XI · Reconciliation of net assets $4,297,660 net assets at year end
XI-1 Total revenue$2,743,356
XI-2 Total expenses$3,579,186
XI-3 Revenue less expenses−$835,830
XI-4 Net assets at start of year$5,486,111
XI-5 Net unrealized gains (losses) on investments−$352,621
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,297,660

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

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