Bridge Of Hope Communitydevelopment Corporation
- Assets
- $1.8m
- Revenue
- $65.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 05/2013
- Data as of
- 12/2021
- EIN
- 20-8175465
Organization Overview
Bridge Of Hope Communitydevelopment Corporation is located in Philadelphia, PA. The organization was established in 2013. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Of Hope Communitydevelopment 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 12/2021, Bridge Of Hope Communitydevelopment Corporation generated $65.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $53.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BRIDGE OF HOPE CDC IS TO STRENGTHEN AND EMPOWER THE COMMUNITY BY: (1) IMPROVING EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITIES FOR CHILDREN AND YOUTH; (2) FOSTERING ECONOMIC REVITALIZATION; (3) INCREASING THE AVAILABILITY FOR QUALITY HOUSING; AND (4) ADVOCATING FOR THE RIGHTS AND PRIVILEGES OF NORTH PHILADELPHIA RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY OUTREACH PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Ray-Shields Treasurer | OfficerTrustee | 0.5 | $0 |
Rev Darron D Mckinney President & CEO | OfficerTrustee | 0.5 | $0 |
Willie Deshields Vice President | OfficerTrustee | 0.5 | $0 |
Della Clark Asst. Treasurer | OfficerTrustee | 0.5 | $0 |
Rose Thurmond Secretary | OfficerTrustee | 0.5 | $0 |
Timothy Parker Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $60,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,495 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,085 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,415 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,068 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $53,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,806 |
| Savings and temporary cash investments | $135,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,602,933 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,844,953 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,844,953 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,844,953 |
Grants Awarded
Over the last fiscal year, Bridge Of Hope Communitydevelopment Corporation has awarded $20,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Lincoln University, PA PURPOSE: Student First Scholarship Campaign | $10,000 |
TEMPLE UNIVERSITY PURPOSE: Scholarship Fund | $5,000 |
URBAN LEAGUE PURPOSE: Sponsorship ad | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation Of The Catholic Diocese Of Columbus Columbus, OH | $225,801,350 | $24,775,130 |
Sisters Of Charity Of St Augustine Health System Inc Cleveland, OH | $57,997,267 | $6,211,280 |
The Catholic Foundation Of Greater Philadelphia Philadelphia, PA | $44,939,432 | $23,307,616 |
Jewish Community Foundation Inc Cherry Hill, NJ | $42,600,461 | $8,752,647 |
Episcopal Church Foundation New York, NY | $650,053,865 | $6,623,247 |
American Friends Of Lev Aharon New York, NY | $614,615 | $3,691,815 |
Yaazoru Inc Lakewood, NJ | $191,815 | $3,860,512 |
Toras Chesed Inc Lakewood, NJ | $1,591,221 | $3,876,581 |
Scph Legacy Corporation Cleveland, OH | $6,198,398 | $162,734 |
American Baptist Foundation East Norriton, PA | $193,005,859 | $25,268,594 |
Friends Of Odyssey Impact Inc New York, NY | $9,035,601 | $1,158,270 |
Icny Land Owner Corporation New York City, NY | $36,528,101 | $2,265,710 |