Bridgewell Incorporated
- Assets
- $56.9m
- Revenue
- $89.9m
- Investments
- $0.0
- Employees
- 1,438
- Location
- Peabody, MA
- Founding
- 03/1971
- Data as of
- 06/2022
- 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 06/2022, Bridgewell Incorporated employed 1,438 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 06/2022, Bridgewell Incorporated generated $89.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $83.0m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 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
2022
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:
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Tuttle President/ceo | Officer | 40 | $273,404 |
Kenneth Halkin Treasurer/cfo | Officer | 40 | $195,526 |
Elaine White COO | Officer | 40 | $175,903 |
Anna Bolton Clinical Nurse Practitioner, Ma | 40 | $167,059 | |
Jessica Bookman Nurse Practitioner | 40 | $156,604 | |
Inge M Peters Chief Human Resource Officer | 40 | $152,057 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aafcpas Inc Audit & Tax Services | 6/29/22 | $121,928 |
Morgan Brown & Joy Llp Legal Services | 6/29/22 | $111,779 |
Krokidas & Bluestein Legal Services | 6/29/22 | $105,709 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $53,800 |
| Membership dues | $0 |
| Fundraising events | $312,849 |
| Related organizations | $0 |
| Government grants | $10,823,694 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,248,685 |
| Total Program Service Revenue | $77,960,338 |
| Investment income | $14,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$12,123 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$109,033 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,929,302 |
| 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. | $869,450 |
| Compensation of current officers, directors, key employees. | $652,914 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,938,113 |
| Pension plan accruals and contributions | $300,337 |
| Other employee benefits | $5,241,143 |
| Payroll taxes | $4,863,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $144,727 |
| Fees for services: Accounting | $90,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,537,183 |
| Advertising and promotion | $93,242 |
| Office expenses | $2,890,272 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,732,861 |
| Travel | $1,025,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,652,807 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,107,553 |
| Insurance | $1,258,549 |
| All other expenses | $41,246 |
| Total functional expenses | $83,049,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,017 |
| Savings and temporary cash investments | $9,778,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,488,175 |
| 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 | $625,059 |
| Net Land, buildings, and equipment | $34,690,940 |
| Investments—publicly traded securities | $170,534 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,803,867 |
| Total assets | $56,894,392 |
| Accounts payable and accrued expenses | $5,708,514 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $21,143,591 |
| Escrow or custodial account liability | $671,465 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,655,113 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,006,925 |
| Total liabilities | $42,185,608 |
| Net assets without donor restrictions | $14,666,784 |
| Net assets with donor restrictions | $42,000 |
| 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 | $56,894,392 |