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Bridge Economic Development Corporation

Not tax-deductible

San Francisco, CA501(c)(4)EIN 94-3149476

Mission: this organization furthers the exempt purposes of 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.

98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
0 of 5
filings with a surplus
Average deficit $460K a year · 56% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.1M
48% of total assets
Looks good: liabilities are 48% 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
$731K
-15% vs prior year
Spent
$988K
To programs
98%
Net assets
$8.9M
By yearFY2020–FY2024
Revenue
$731K
FY2024▼ -15%
Revenue by fiscal year
FY2020$1.2M
FY2021$332K
FY2022$906K
FY2023$863K
FY2024$731K
Expenses
$988K
FY2024▼ -15%
Expenses by fiscal year
FY2020$2.0M
FY2021$922K
FY2022$1.3M
FY2023$1.2M
FY2024$988K
Net assets
$8.9M
FY2024▼ -3%
Net assets by fiscal year
FY2020$10.4M
FY2021$9.8M
FY2022$9.5M
FY2023$9.2M
FY2024$8.9M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1995.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $965K Management & general 2% · $23K

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Sierra Atilano
Vice President
$0Pt VII · Sec A
Delphine Sherman
Vice President/CFO
$0Pt VII · Sec A
Rebecca Hlebasko
Vice President/Secretary
$0Pt VII · Sec A
James Mather
Vice President
$0Pt VII · Sec A
Smitha Seshadri
Vice President
$0Pt VII · Sec A
Kurt Creager
Outgoing-Vice President
$0Pt VII · Sec A
Natalia Williams
Vice President
$0Pt VII · Sec A
See Bridge Economic 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 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 Economic Development Corporation claims this page.

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1 program service account for $965K of program spending, described in the organization's own filed words · FY2024.
01

The organization is involved in projects to develop commercial properties in depressed neighborhoods to revitalize the community.

$965Kprogram expense

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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 · FY2023
Bridge Housing CorporationFY2023$6K
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$731K
Ln 12
Fees for servicesLn 2g$659K
Other incomeLn 4–11$52K
Investment incomeLn 3$10K
Money outPt IX
$988K
Ln 25
Programscol B$965K
Managementcol C$23K
Owns and owesPt X
$8.9M
net assets · Ln 32
Cash and savingsLn 1–2$956K
Total assetsLn 16$17.0M
LiabilitiesLn 26$8.1M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$659K
Investment incomeLn 3$10K
Other incomeLn 4–11$52K
Total revenueLn 12$731K
Assets in detailPt X, end of year
CashLn 1$956K
Cash and savings togetherLn 1–2$956K
InvestmentsLn 11–13$1.8M
Land, buildings, equipmentLn 10c$10.9M
Other assetsLn 15$434K
Total assetsLn 16$17.0M
LiabilitiesLn 26$8.1M
Net assetsLn 32$8.9M
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 FY24End FY24
Cash and savingsLn 1–2$593K$956K
InvestmentsLn 11–13$1.8M$1.8M
Land, buildings, equipmentLn 10c$11.3M$10.9M
Total assetsLn 16$17.0M$17.0M
LiabilitiesLn 26$7.8M$8.1M
Net assetsLn 32$9.2M$8.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$406$406
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$11K$11K
Office expensesLn 13$4K$4K
Information technologyLn 14$2K$2K
OccupancyLn 16$392K$392K
InterestLn 20$53K$53K
Depreciation, depletion and amortizationLn 22$434K$434K
InsuranceLn 23$42K$42K
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$988K$965K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $731K$988K−$257K$8.9M 990 PDF
FY2023 $863K$1.2M−$305K$9.2M 990 PDF
FY2022 $906K$1.3M−$354K$9.5M 990 PDF
FY2021 $332K$922K−$590K$9.8M 990 PDF
FY2020 $1.2M$2.0M−$792K$10.4M 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 (4 parts)
Part VIII · Statement of revenue $731,133 across 6 lines filed
Lines not itemized here account for $412 of total revenue; see the IRS return.
VIII-1d Related organizations$9,726
VIII-1h Total contributions, gifts and grants$9,726
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $659,037$659,037
VIII-3 Investment incomeExcluded from tax $10,231$10,231
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $51,727$51,727
VIII-12 Total revenueRelated to mission $711,176 · Unrelated business $0 · Excluded from tax $10,231$731,133
Part IX · Statement of functional expenses $987,781 across 11 lines filed
IX-11a Management feesPrograms $406$406
IX-11b Legal feesPrograms $14,998$14,998
IX-11c Accounting feesManagement $22,540$22,540
IX-11g Other fees for servicesPrograms $10,545$10,545
IX-13 Office expensesPrograms $3,875$3,875
IX-14 Information technologyPrograms $2,403$2,403
IX-16 OccupancyPrograms $391,566$391,566
IX-20 InterestPrograms $53,184$53,184
IX-22 Depreciation, depletion and amortizationPrograms $434,036$434,036
IX-23 InsurancePrograms $41,939$41,939
IX-24 Other expenses (24a–d)Programs $12,289$12,289
IX-25 Total functional expensesPrograms $965,241 · Management $22,540 · Fundraising $0$987,781
Part X · Balance sheet $16,996,741 assets, 15 lines filed
Asset lines not itemized here account for $2,300,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $593,023$956,499
X-4 Accounts receivableStart of year $322,118$353,122
X-9 Prepaid expenses and deferred chargesStart of year $133,956$94,798
X-10c Land, buildings and equipment, netStart of year $11,327,366$10,927,872
X-13 Program-related investmentsStart of year $1,788,436$1,788,436
X-14 Intangible assetsStart of year $140,712$141,729
X-15 Other assetsStart of year $388,601$434,285
X-16 Total assetsStart of year $16,994,212$16,996,741
X-17 Accounts payable and accrued expensesStart of year $68,438$103,164
X-19 Deferred revenueStart of year $258,015$197,104
X-25 Other liabilitiesStart of year $3,132,331$3,384,610
X-26 Total liabilitiesStart of year $7,842,011$8,101,286
X-27 Net assets without donor restrictionsStart of year $9,152,201$8,895,455
X-32 Total net assets or fund balancesStart of year $9,152,201$8,895,455
X-33 Total liabilities and net assetsStart of year $16,994,212$16,996,741
Part XI · Reconciliation of net assets $8,895,455 net assets at year end
XI-1 Total revenue$731,133
XI-2 Total expenses$987,781
XI-3 Revenue less expenses−$256,648
XI-4 Net assets at start of year$9,152,201
XI-8 Prior period adjustments−$98
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,895,455

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

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