Bridges Homeward Inc
- Assets
- $9.6m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 151
- Location
- Cambridge, MA
- Founding
- 10/1942
- Data as of
- 06/2023
- EIN
- 04-2104057
Organization Overview
Bridges Homeward Inc is located in Cambridge, MA. The organization was established in 1942. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 06/2023, Bridges Homeward Inc employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridges Homeward Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Bridges Homeward Inc generated $7.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $7.9m during the year ending 06/2023. While expenses have increased by 3.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH-QUALITY SUPPORT AND ADVOCACY FOR CHILDREN, ADULTS AND FAMILIES.
Describe the Organization's Program Activity:
GROUP HOME - BRIDGES HOMEWARD PROVIDES A RANGE OF SERVICES FOR TRANSITION AGE YOUTH, THOSE AGING OUT OF FOSTER CARE IN THE CUSTODY OF THE MA DEPARTMENT OF CHILDREN AND FAMILIES. THE ORGANIZATION OPERATES TWO CARING TOGETHER GROUP HOMES LICENSED BY DEEC FOR 8 CLIENTS EACH AND AN INDEPENDENT LIVING PROGRAM. THE ORGANIZATION OFFERS INDIVIDUALIZED ONE-ON-ONE PLANNING FOR INDEPENDENCE. EACH SERVICE PROVIDES A THERAPEUTIC ENVIRONMENT THAT EMPHASIZES LIFELONG CONNECTIONS TO SUPPORTIVE FAMILY MEMBERS AND FRIENDS, EDUCATION, VOCATIONAL SKILLS AND PERSONAL RESPONSIBILITY. OUR LIFESKILLS CURRICULUM WAS STREGTHENED AND WAS INCORPORATED INTO EACH YOUTHS SERVICE PLAN.
DEVELOPMENTAL DISABILITIES PROGRAM (DDP) - BRIDGES HOMEWARD PROVIDES A WIDE RANGE OF INDIVIDUALIZED IN-HOME AND OTHER SUPPORTS TO CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITY, AND THEIR FAMILIES. THE RANGE OF PROGRAMS OFFERED SEEK TO ENSURE THAT THE FAMILY MEMBER WITH A DISABILITY CAN BE MAINTAINED WITHIN THEIR HOME AND FAMILY SETTING, AND THAT THE INDIVIDUAL CAN MAXIMIZE HIS OR HER POTENTIAL TO FUNCTION INDEPENDENTLY IN THE COMMUNITY. THE ORGANIZATION IS THE DDS FAMILY SUPPORT CENTER FOR CHARLES RIVER WEST CATCHMENT AREA WHICH OFFERS INFORMATION & REFERRAL, PARENT GROUPS, YOUNG ADULT GROUPS AND SOCIAL ACTIVITIES TO ALL DDS CLIENTS LIVING IN OUR CATCHMENT AREA. IN TOTAL, THE ORGANIZATION PROVIDED ONGOING CASE MANAGEMENT, RESPITE AND SKILLS TRAINERS, AND OTHER SUPPORT TO OVER 900 INDIVIDUALS IN FY22.
INTENSIVE FOSTER CARE (IFC) - BRIDGES HOMEWARD PROVIDES THERAPEUTIC FOSTER CARE TO CHILDREN UP TO AGE 21 WHO HAVE BEEN TAKEN INTO CUSTODY OF THE MASSACHUSETTS DEPARTMENT OF CHILDREN AND FAMILIES (DCF). OUR TEAM OF FOSTER PARENTS AND SOCIAL WORKERS PROVIDES SPECIALIZED, ROUND THE CLOCK CARE, SUPPORT AND GUIDANCE FOR THE CHILDREN. THE TEAM SUPPORTS EACH CHILD'S SUCCESSFUL TRANSITION INTO PERMANENT PLACEMENT: REUNIFICATION, GUARDIANSHIP, KINSHIP, ADOPTION OR INDEPENDENT LIVING. FOSTER CHILDREN RECEIVE WEEKLY VISITS FROM A LICENSED SOCIAL WORKER'S IN THEIR FOSTER HOME; FOSTER PARENTS TRAINING CONTINUES TO BE A PRIMARY FOCUS INCLUDING SESSIONS FOR NEW APPLICANTS. THE ORGANIZATION CONTINUOUSLY SEEKS NEW FOSTER HOMES. THE INTENT OF WHICH IS TO PROVIDE ADDITIONAL HOMES FOR THOUSANDS OF CHILDREN BROUGHT INTO DCF CARE EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Whitney President & Chair | OfficerTrustee | 2.5 | $0 |
Deb Wekstein Vice President | OfficerTrustee | 2.5 | $0 |
Erika Eurkus Vice President | OfficerTrustee | 2.5 | $0 |
Dennis Scannell Treasurer | OfficerTrustee | 2.5 | $0 |
William Mostyn Assistant Treasurer | OfficerTrustee | 2.5 | $0 |
Sally Martin Secretary | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $33,628 |
| Membership dues | $0 |
| Fundraising events | $174,316 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $668,325 |
| Noncash contributions included in lines 1a–1f | $91,573 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $876,269 |
| Total Program Service Revenue | $6,262,281 |
| Investment income | $164,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $814 |
| Net Gain/Loss on Asset Sales | -$28,118 |
| Net Income from Fundraising Events | -$24,097 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,274,646 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $489,903 |
| Compensation of current officers, directors, key employees. | $489,903 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,702,415 |
| Pension plan accruals and contributions | $132,559 |
| Other employee benefits | $559,959 |
| Payroll taxes | $325,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,632 |
| Fees for services: Accounting | $55,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,359 |
| Fees for services: Other | $182,724 |
| Advertising and promotion | $1,421 |
| Office expenses | $109,127 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $414,565 |
| Travel | $42,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,038 |
| Interest | $87,063 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,330 |
| Insurance | $102,228 |
| All other expenses | $21,678 |
| Total functional expenses | $7,873,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,237 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $492,850 |
| Accounts receivable, net | $669,568 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,892 |
| Net Land, buildings, and equipment | $3,840,813 |
| Investments—publicly traded securities | $4,293,592 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $183,003 |
| Total assets | $9,606,955 |
| Accounts payable and accrued expenses | $780,348 |
| Grants payable | $0 |
| Deferred revenue | $51,327 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,054,139 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $518,467 |
| Total liabilities | $3,404,281 |
| Net assets without donor restrictions | $5,342,587 |
| Net assets with donor restrictions | $860,087 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,606,955 |