Bridge Homes INC FY2020 filing

Tax-deductible

San Francisco, CA501(c)(3)Community DevelopmentEIN 94-3227592Revenue $48K in FY2020

On file with the IRS350 California Street 16th Floor, 94104-1402 · San Francisco, CATax-exempt since May 2000Supporting organization — 509(a)(3)

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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.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
2 of 5
filings with a surplus
Average deficit $500 a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$43K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$48K
Spent
$50K
To programs
90%
Net assets
$486K
By yearFY2020–FY2024
Revenue
$48K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$48K
FY2021$78K
FY2022$59K
FY2023$59K
FY2024$59K
Expenses
$50K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$50K
FY2021$82K
FY2022$55K
FY2023$59K
FY2024$61K
Net assets
$486K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$486K
FY2021$482K
FY2022$487K
FY2023$488K
FY2024$486K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 May 2000.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $45K Management & general 10% · $5K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
President/CEO
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President/Asst Secty
$0Pt VII · Sec A
Vice President/Secretary
$0Pt VII · Sec A
See Bridge Homes INC 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 · $45K · in their own filed words · FY2020
01

The organization builds housing for low-income individuals.

$45Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$6K
Grants paid · 5 grants · $266K · 2020–2024
Bridge Housing CorporationCA · FY2024$54,359
Bridge Housing CorporationCA · FY2023$51,311
Bridge Housing CorporationCA · FY2022$44,532
Bridge Housing CorporationCA · FY2021$73,026
Bridge Housing CorporationCA · FY2020$42,791

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$48K
Ln 12
Fees for servicesLn 2g$43K
Gifts and grantsLn 1h$5K
Investment incomeLn 3$177
Money outPt IX
$50K
Ln 25
Programscol B$45K
Managementcol C$5K
Owns and owesPt X
$486K
net assets · Ln 32
Total assetsLn 16$529K
LiabilitiesLn 26$43K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$43K
Investment incomeLn 3$177
Total revenueLn 12$48K
Assets in detailPt X, end of year
InvestmentsLn 11–13$488K
Other assetsLn 15$0
Total assetsLn 16$529K
LiabilitiesLn 26$43K
Net assetsLn 32$486K
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 FY20End FY20
InvestmentsLn 11–13$488K$488K
Total assetsLn 16$1.6M$529K
LiabilitiesLn 26$1.2M$43K
Net assetsLn 32$488K$486K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$43K$43K
Accounting feesLn 11c$5K$5K
InsuranceLn 23−$1K−$1K
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$50K$45K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $59K$61K−$2K$486K 990 PDF
FY2023 $59K$59K$219$488K 990 PDF
FY2022 $59K$55K$5K$487K 990 PDF
FY2021 $78K$82K−$4K$482K 990 PDF
FY2020 Viewing $48K$50K−$2K$486K 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 FY2020 990 (6 parts)
Part I · Summary $47,910 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,982$4,935
I-9 Program service revenuePrior year $90,165$42,798
I-10 Investment incomePrior year $2,622$177
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $97,769$47,910
I-13 Grants and similar amounts paidPrior year $739,817$42,791
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 $437,726$7,160
I-18 Total expensesPrior year $1,177,543$49,951
I-19 Revenue less expensesPrior year −$1,079,774−$2,041
Part VI · Governance 0 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
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 $47,910 across 5 lines filed
VIII-1d Related organizations$4,935
VIII-1h Total contributions, gifts and grants$4,935
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $42,798$42,798
VIII-3 Investment incomeExcluded from tax $177$177
VIII-12 Total revenueRelated to mission $42,798 · Unrelated business $0 · Excluded from tax $177$47,910
Part IX · Statement of functional expenses $49,951 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $42,791$42,791
IX-11c Accounting feesManagement $4,950$4,950
IX-23 InsurancePrograms −$1,301−$1,301
IX-24 Other expenses (24a–d)Programs $3,511$3,511
IX-25 Total functional expensesPrograms $45,001 · Management $4,950 · Fundraising $0$49,951
Part X · Balance sheet $529,407 assets, 9 lines filed
X-4 Accounts receivableStart of year $69,737$41,655
X-13 Program-related investmentsStart of year $488,030$487,752
X-15 Other assetsStart of year $1,086,800$0
X-16 Total assetsStart of year $1,644,567$529,407
X-25 Other liabilitiesStart of year $1,156,546$43,427
X-26 Total liabilitiesStart of year $1,156,546$43,427
X-27 Net assets without donor restrictionsStart of year $488,021$485,980
X-32 Total net assets or fund balancesStart of year $488,021$485,980
X-33 Total liabilities and net assetsStart of year $1,644,567$529,407
Part XI · Reconciliation of net assets $485,980 net assets at year end
XI-1 Total revenue$47,910
XI-2 Total expenses$49,951
XI-3 Revenue less expenses−$2,041
XI-4 Net assets at start of year$488,021
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$485,980

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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