Bridgewell Incorporated
- Assets
- $42.3m
- Revenue
- $78.2m
- Investments
- $0.0
- Employees
- 1,625
- Location
- Peabody, MA
- Founding
- 03/1971
- Data as of
- 06/2020
- EIN
- 04-2296940
Organization Overview
Bridgewell Incorporated is located in Peabody, MA. The organization was established in 1971. According to its NTEE Classification (F80) the organization is classified as: Mental Health Associations, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2021, Bridgewell Incorporated employed 1,625 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgewell Incorporated 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 06/2020, Bridgewell Incorporated generated $78.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $78.5m during the year ending 06/2020. While expenses have increased by 3.3% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
BRIDGEWELL INSPIRES HOPE AND EMPOWERS PEOPLE EXPERIENCING LIFE CHALLENGES TO ACHIEVE THEIR FULLEST POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICES- PROVIDES SUPPORT TO INDIVIDUALS WITH DEVELOPMENTAL AND PHYSICAL DISABILITIES. THE CORE PURPOSE IS ASSISTING THE PEOPLE TO LEAD AND DIRECT THEIR OWN LIVES.
DEVELOPMENTAL DISABILITIES DAY SERVICES- PROVIDES EDUCATION, TRAINING, AND EXPRESSIVE THERAPY FOR INDIVIDUALS WITH DEVELOPMENTAL AND PHYSICAL DISABILITIES IN ORDER TO TEACH COPING, COMMUNICATION AND LIFE SKILLS.
OUTPATIENT SERVICES- PROVIDES DIAGNOSTIC ASSESSMENTS, INDIVIDUAL, FAMILY AND GROUP PSYCHOTHERAPY, MEDICATION MANAGEMENT, PSYCHIATRIC DAY TREATMENT, AND PSYCHIATRIC EMERGENCY COORDINATION FOR BRIDGEWELL AND COMMUNITY RESIDENTS.
AFFORDABLE HOUSING- THE AFFORDABLE HOUSING DIVISION PROVIDES SAFE AND AFFORDABLE HOUSING IN LOWELL AND LYNN FOR INDIVIDUALS WITH DISABILITIES, THE HOMELESS AND INDIVIDUALS WITH A DUAL DIAGNOSIS.COMMUNITY SERVICE- PROVIDES TRANSPORTATION, RECREATION SERVICES.MENTAL HEALTH DAY SERVICES- PROVIDES EDUCATIONAL, TRAINING AND EXPRESSIVE THERAPY FOR INDIVIDUALS WITH PSYCHIATRIC DISABILITIES IN ORDER TO TEACH COPING, COMMUNICATION AND LIFE SKILLS.MENTAL HEALTH RESIDENTIAL SERVICES- PROVIDES SUPPORT TO INDIVIDUALS WITH PSYCHIATRIC DISABILITIES. THE CORE PURPOSE IS ASSESSING PEOPLE TO LEAD AND DIRECT THEIR OWN LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Tuttle President/ceo | Officer | 40 | $271,373 |
Kenneth Halkin Treasurer/cfo | Officer | 40 | $159,224 |
Elaine White COO | Officer | 40 | $158,452 |
Jeremy Bookman Clinical Lead Nurse Practitioner | 40 | $158,360 | |
Anna Bolton Nurse Practitioner | 40 | $156,366 | |
Priscilla Sinclair Nurse Practitioner | 40 | $149,706 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vodavi Technologies It Management | 6/29/21 | $429,524 |
Lancelot Janitorial & Paper Janitorial Supplies | 6/29/21 | $395,258 |
Stefano's Landscaping Landscaping | 6/29/21 | $197,810 |
Ehana Electronic Health Records | 6/29/21 | $137,991 |
Davco Security Alarms | 6/29/21 | $175,181 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,239,645 |
| Investment income | $27,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $404,210 |
| Net Income from Fundraising Events | -$62,332 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,151,123 |
| Statement of Expenses | |
|---|---|
| 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. | $779,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,624,680 |
| Pension plan accruals and contributions | $103,035 |
| Other employee benefits | $6,090,593 |
| Payroll taxes | $4,587,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,808 |
| Fees for services: Accounting | $53,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $281,363 |
| Advertising and promotion | $23,876 |
| Office expenses | $2,370,230 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,054,144 |
| Travel | $990,631 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,180,684 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,385,705 |
| Insurance | $1,237,757 |
| All other expenses | $0 |
| Total functional expenses | $78,465,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,284 |
| Savings and temporary cash investments | $3,966,932 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,283,826 |
| 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 | $807,103 |
| Investments—publicly traded securities | $147,863 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,651,530 |
| Total assets | $42,302,798 |
| Accounts payable and accrued expenses | $4,682,732 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $22,290,053 |
| Escrow or custodial account liability | $615,260 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,852,131 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,780,551 |
| Total liabilities | $39,220,727 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,082,071 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bridgewell Incorporated has recieved totaling $12,450.
| Awarding Organization | Amount |
|---|---|
Doug Flutie Jr Foundation For Autism Inc Newton, MA PURPOSE: PROGRAM SUPPORT | $12,450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Mental Health Association Of New York City Inc New York, NY | $93,299,019 | $124,923,153 |
Bridgewell Incorporated Peabody, MA | $42,302,798 | $78,151,123 |
North Suffolk Mental Health Association Inc Chelsea, MA | $31,605,029 | $57,775,384 |
Clinical & Support Options Inc Northampton, MA | $31,205,983 | $46,141,493 |
Rutland Mental Health Service Inc Rutland, VT | $13,045,812 | $31,690,028 |
Brien Center For Mental Health & Subtance Abuse Services Pittsfield, MA | $15,478,255 | $32,176,253 |
Hudson Valley Care Coalition Inc Ossining, NY | $8,257,672 | $18,427,585 |
Association For Mental Health And Wellness Inc Ronkonkoma, NY | $16,761,391 | $15,531,532 |
Mental Health Connecticut Inc Farmington, CT | $4,818,185 | $15,095,005 |
Mental Health America Of Dutchess County Inc Poughkeepsie, NY | $13,584,536 | $16,174,948 |
Human Development Services Of Westchester Mamaroneck, NY | $7,365,435 | $12,782,582 |
Mental Health Association Of Columbia-Greene Counties Inc Hudson, NY | $11,893,918 | $13,057,979 |