Bridge Street Development Corporation

Organization Overview

Bridge Street Development Corporation is located in Brooklyn, NY. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Bridge Street Development Corporation employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Street Development Corporation 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 12/2022, Bridge Street Development Corporation generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 6.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

BRIDGE STREET DEVELOPMENT CORPORATION'S MISSION IS THREEFOLD: (1) DEVELOPING AND UPGRADING HOUSING IN LOW AND MODERATE INCOME FAMILIES IN THE BEDFORD-STUYVESANT AREA; (2) ENCOURAGING THE FORMATION OF BUSINESSES IN, AND RECRUITING PROSPECTIVE AND EXISTING BUSINESSES TO, BEDFOR-STUYVESANT; AND (3) DEVELOPING MANAGEMENT AND ADMINISTRATIVE CAPACITY THAT WILL ALLOW FOR THE CENTRALIZED PROVISION OF SUCH SERVICES TO THE SEVERAL CORPORATIONS AFFILIATED WITH BRIDGE STREET AFRICAN WESLEYAN METHODIST EPISCOPAL CHURCH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY ENGAGEMENT AND YOUTH WORKFORCE - BSDC'S COMMUNITY ENGAGEMENT AND YOUTH WORKFORCE PROGRAMS BUILDS AND SUSTAINS VIBRANT AND EQUITABLE NEIGHBORHOODS WITHIN CENTRAL BROOKLYN, BY BRINGING TOGETHER THE TALENTS, RESOURCES, AND SKILLS OF ITS RESIDENTS. THIS IS ACCOMPLISHED BY THE FOLLOWING: (1) PROVIDING SUPPORT SERVICES AND EDUCATIONAL WORKSHOPS TO LMI TENANTS; (2) YOUTH AND YOUNG ADULT INTERNSHIP AND CERTIFICATE TRAINING PROGRAMS SUCH AS OVER 1100 SYEP INTERNSHIPS FOR 14 - 24 YEAR OLDS, YEAR ROUND WPP INTERNSHIPS AND MOTIVATED YOUTH BUILDING ALL SELF-EMPOWERMENT (MYBASE) CIVIC ENGAGEMENT AND LEADERSHIP DEVELOPMENT PROGRAMS; AND, (3) ORGANIZING AND CONVENING BLOCK AND TENANT ASSOCIATIONS ON A MONTHLY BASIS.


BSDC'S HOMEOWNERSHIP, PRESERVATION AND HOUSING DEVELOPMENT - THE GOAL IS TO IMPROVE THE BEDFORD-STUYVESANT COMMUNITY BY REHABILITATING FORMER CITY- OWNED RESIDENTIAL PROPERTIES AND SELLING THEM AT PRICES BELOW MARKET VALUE. IT CREATES HOME OWNERSHIP OPPORTUNITIES FOR LOW TO MODERATE INCOME BUYERS, INCREASES THE ATTRACTIVENESS OF THE NEIGHBORHOOD, AND UPGRADES THE LIVING CONDITIONS OF EXISTING RESIDENTS. PROGRAM EXPENSES WERE 256,111. BSDC'S SENIOR SERVICES PROVIDES QUALITY HOUSING AT BELOW MARKET RENT FOR SENIORS,AND VARIOUS SUPPORT SERVICES ON SITE, SUCH AS MEAL ON WHEELS, WORKSHOPS,HOME HEALTH AIDES, MEDICARE ASSISTANCE AND OTHER EXTRA-CURRICULAR ACTIVITIES. PROGRAM EXPENSES WERE 189,016.


BSDC'S ECONOMIC DEVELOPMENT PROGRAM HAS FOUR OBJECTIVES: A) TO PROVIDE TECHNICAL AND PLANNING ASSISTANCE TO SMALL BUSINESS START-UPS B) DEVELOP COMMERCIAL SPACE FOR BUSINESS C) IMPLEMENT NEIGHBORHOOD RETAIL INITIATIVES TO ATTRACT AND RETAIN BUSINESSES AND JOBS D) OFFER EMPOWERING FINANCIAL LITERACY PROGRAMS AND BUSINESS PLANNING COURSES, AS WELL AS FIRST-TIME HOMEBUYER WORKSHOPS.


RESTORATIVE JUSTICE - BSDC'S RESTORATIVE JUSTICE PROGRAM, PROJECT RESTORE BEDSTUY (PRB), IS AN IMMERSIVE, YEAR-LONG, INITIATIVE DESIGNED TO ASSIST YOUNG MEN IN NEED OF SUPPORT DUE TO THEIR INVOLVEMENT IN STREET FORMATIONS. THE PROJECT IS A COLLABORATION BETWEEN MANY COMMUNITY AND CITY STAKEHOLDERS. PRB PROVIDES ITS PARTICIPANTS WITH MENTORSHIP, WRAP-AROUND SUPPORT, AND THE RESOURCES TO HELP THEM REGAIN CONTROL OF THEIR LIVES. CORE COMPONENTS INCLUDE ACCESS TO SOCIAL RESOURCES AND SERVICES, PAID INTERNSHIP EMPLOYMENT, TARGETED EDUCATION, AND IMPORTANT LIFE SKILLS. ADDITIONALLY, THROUGH RESTORATIVE JUSTICE AND TRAUMA-INFORMED PROGRAMMING, IT ALLOWS PARTICIPANTS TO TAKE RESPONSIBILITY FOR ANY HARM CAUSED, WHILE ALSO HEALING FROM ANY HARM THEY MAY HAVE EXPERIENCED THEMSELVES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Edward Odom Jr
Chairman
$0
Phyllis White-Thorne
Vice Chair
$0
Abitzel Robitson-Hobson
Treasurer
$0
Valerie Kenderick-Cousin
Secretary
$0
Drexel Harris
Member
$0
Sowonee Duworko
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,476,100
All other contributions, gifts, grants, and similar amounts not included above$968,923
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,445,023
Total Program Service Revenue$314,470
Investment income $712
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,763,736

Peer Organizations

Organization NameAssets
Chautauqua Opportunities Inc
Dunkirk, NY
$20,429,175
Usw District 10 Local 286 Welfare Trust Fund
Philadelphia, PA
$19,600,161
Cypress Hills Local Development Corporation Inc
Brooklyn, NY
$18,937,282
Phipps Neighborhoods Inc
New York, NY
$18,079,167
Pennreach
Allentown, NJ
$16,540,528
Painters District Council No 4 S U B Fund
Cheektowaga, NY
$17,072,135
Delaware Opportunities Inc
Hamden, NY
$16,566,367
Economic Opportunity Commission Of Nassau County Inc
Hempstead, NY
$15,152,505
Centerstate Corporation For Economic Opportunity
Syracuse, NY
$16,514,261
Commission On Economic Opportunity For The Rensselaer County Area Inc
Troy, NY
$17,072,435
Evas Village Inc
Paterson, NJ
$17,019,423
Liberty Lutheran Housing Development Corporation
State College, PA
$14,594,791
Community Action Agency Of New Haven Inc
New Haven, CT
$14,214,528
Just A Start Inc
Cambridge, MA
$11,435,335
Hemlock Farms Community Association
Lords Valley, PA
$12,589,126
Fashion Center District Management Association Inc
New York, NY
$13,048,061
Volunteers Of America Inc
Rochester, NY
$11,737,550
Allegheny Conference On Community Development
Pittsburgh, PA
$12,660,423
University City District
Philadelphia, PA
$12,962,976
Jamaica Plain Neighborhood Development Corporation
Jamaica Plain, MA
$10,049,053
New Jersey Community Development Corporation Inc
Paterson, NJ
$10,554,673
Association Of Community Employment Programs For The Homeless Inc
Long Island City, NY
$9,767,899
Broc-Community Action In Southwestern Vermont
Rutland, VT
$9,366,618
Urban Edge Housing Corp
Roxbury, MA
$10,937,114
Fifth Avenue Association Business Improvement District Inc
New York, NY
$6,747,998

Create an account to unlock the data you need.

or